2017 Has Been Good for Austin Real Estate Growth

Although demand has continued to dip throughout 2017 and inventory throughout the year has continued to climb, the median price of a home in Austin has steadily gained traction. In fact, the median price of a home in Austin has steadily climbed since 2013.

However, after years of continued growth in the 7-9% region, the market price has slowed to just 5% between 2016 and 2017.

Whether you're thinking of buying a home in Austin or are looking to sell your home in Austin, contact the experts at JB Goodwin.

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Austin has grown into a sprawling, innovative place. It is a magnet for many young people wanting to jumpstart their careers, raise their kids in a healthy and fun place, and foster an enjoyable lifestyle in one of America’s most popular cities.

With a thriving job market, regular accolades from top media outlets across the country, and rich culture and cuisine, Austin attracts new residents every day from across the country. As some have put it, Austin is where young people go to retire.

Among the many praises Austin receives, it has been recognized as a choice city to invest in real estate. It turns out that year-round temperate weather, great academic institutions, and local incentives for business development can really attract many people…

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Austin Leasing Statistics

November 2017

Despite demand more than doubling between 2016 and 2017, the base price for a lease in Austin has remained relatively flat, which is great for both renters and landlords. Since 2013 the rate of apartment occupancy has been on a steady decrease, which is a trend that continued in 2017. That being said, landlords can expect that listing their apartment for lease with JB Goodwin means that their property has the greatest opportunity to be occupied.

    • Demand has risen 8.5% in 2017
    • Price has remained steady for 2017
    • JB Goodwin listings have been on the market 5 days less than the MLS average
    • 3,000 fewer apartments between 2016 and 2017 (to date)

Are you a landlord looking to have your…

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A peculiar housing trend has emerged in Austin and many other cities across the United States in the last few years. The trend disrupts what many thought was an inseparable correlation: high-income families prefer buying homes instead of paying rent. The vast majority of affluent families, until lately, were homeowners. As soon as they had the means to begin building equity in their own home, these individuals took the real estate plunge into home ownership.

But lately, this eons-old trend has diminished substantially. According to data released by Rent Cafe, the trend for high-income households to rent is on the rise.

The number of high-income households who choose to rent has increased by a whopping 217% from 2005 to 2015 across the United…

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Have you ever wondered about the best time of year to buy a home in Central Texas?

It may come as a surprise to many homeowners in Central Texas that there are huge financial advantages to buying or selling during specific months, or seasons, in Central Texas. After all, it’s not like Texans endure harsh winters like those living further north in the United States.

It’s easier to understand why a location with regular, drastic temperature fluctuations sees real estate prices rise and fall significantly throughout a year. Given the choice of buying in the frigid cold of northern winter or during its temperate summer, most families would spend considerably less money for a home if they’re willing to endure house hunting in the cold. Depending on the…

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If you’re shopping for a new home to lease or purchase in Central Texas, you may wonder whether homeowner’s associations are worth your while.

It’s usually easy to educate yourself about what specific HOA communities provide and allow. Before taking the financial plunge, take some time to learn about what Central Texas HOA communities offer.

To some, the benefits of having a quality HOA far outweigh the fees and restrictions. Paying a simple, recurring fee can mean time saved from menial tasks, more fun activities to do around your own community and no obscure-looking houses or fences that are a blight on the surrounding community, spoiling the immaculate beauty of the rest of the neighborhood.

On the other hand, some believe HOA communities…

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The Austin real estate market is one of the most explosive markets in America. Austin's growing reputation as one of the most livable cities in America has luxury-seekers flocking to the city, looking to become a part of this hot trend. This has led to an increase in luxury condos for sale in Austin—designed to impress even the most discerning buyers.

Austin, TX condos for sale are in some of the best buildings in the country. These world-class structures provide hundreds of residents with top-notch services and state-of-the-art features and fixtures within each iconic unit. It is not just the penthouse suites that have the best interior space and views. Careful thought was put into every inch of these towers to maximize the experience for the…

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If you’re like many families right now in the real estate market, you’re on the hunt for more than just another house. You’re in the market for a place you and your family can fall in love with. You’re looking for your dream home.

At JB Goodwin, we know as well as anyone that searching for the right home can feel daunting. Many families don’t even know where to start.

Even people with a vivid dream home in their minds don’t always know how to translate their ideas to a real estate agent.

After all, what does it mean to find your dream home anyway?

While some surface level characteristics will distinguish your search from the search of another family, there are many elements everyone looks for in their dream home. To help narrow your…

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In early September, Amazon took North American cities by surprise, announcing that they are looking to open a second headquarters. With the announcement, Jeff Bezos’ company set out the parameters as to what it will take to secure the contract to house Amazon’s HQ2. Tax incentives, reasonable real estate costs, ability to attract and retain high-quality tech talent, and proximity to a major airport are all key factors that will determine which major city will be welcoming HQ2. According to Re/Code, there are 22 cities in the continental United States that meet or exceed the criteria as well as at least two cities in Canada.

But, why are all these cities bending over backward in an attempt to woo the multi-billion dollar eCommerce giant? Continue…

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In recent weeks, we’ve glanced at some of the most popular cities in different regions of the country. We compared each of those cities to the cost of living here in Austin, Texas.

As the final blog post in this series, we’re looking at the Western U.S. The cities in this part of the country make up some of the most popular places to visit in the U.S., and in many ways, they reflect many of the lifestyle features that people cherish about living in Austin.

Don’t forget to read our previous editions, in which we compared Austin’s cost of living to moving to the Northeast, Southeast, and Midwest. Let us know what you think of our findings in the comments below or on social media. To make fair comparisons, we use Best Places to reflect the price…

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