Found 22 blog entries tagged as Austin Real Estate.

The JBGoodwin team perusing over the Austin real estate MLS statistics

January 2018 real estate statistics for Austin are in. It looks like Austin can expect continued real estate appreciation, despite a few dips in average home sale costs from the same month last year.

The average cost of sold homes in January dropped from $293,200 in 2017 to $289,500 this year. However, December 2017 sales were up 11% from the previous year, emphasizing the continued average growth of home values in the area.

Other highlights:

  • Inventory is up 3% from last January
  • Total units sold is up 9% from last year
  • Inventory is still down from 2010's supply highs

Want to learn more about the Austin real estate market? Get in touch with the JB Goodwin team today!

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You finally found the perfect Central Texas home.

The house checks all your boxes: it is the right style and size, has an entertaining kitchen, and even boasts an awesome master bedroom. To make things even better, your offer was accepted by the homeowner. Congratulations!

You’re one step closer to owning your first home.

The next step in your home buying journey is the home inspection. The job of a home inspector is to provide interested homebuyers an unbiased report about the utility and safety of the home they are preparing to purchase.

While a home inspection is not required, it is highly recommended. A home inspector gives you the chance to understand a property through the trained scrutiny of someone whose job it is to notice problems, risks, and…

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JBGoodwin team crunching Austin real estate statistics

The JBGoodwin Team Does It Again...

JB Goodwin successfully gets homes leased faster than the MLS again for another month as demand remains level and the supply of properties in Austin gains nearly 500 more properties over 2017’s numbers.

Take a look at some of the key statistics below:

  • The total number of properties for lease is up a dramatic 20% over 2017.
  • The total number of leases closed however dropped three percent, which means that it could be more difficult for prospective landlords to lease their property out as quickly as the past.
  • There are 27% more single-family detached homes that are available for lease than there was in February 2017.
  • The price per square foot for apartments and other properties dropped 6 cents per…

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Millennial Home Buyers

Compared to previous generations, millennials have been cautious to enter the real estate market. Coming of age right at the most spectacular housing boom and bust in modern history—the 2008 Recession—made for a generation of observant and media-savvy homebuyers. But the tide is finally turning.

Based on recent data from Nationwide Mortgages, 66.1% of Millennials' report that they plan to buy a home in the next 5 years. Are you ready for this dynamic demographic of homebuyer?

It’s good news for the real estate world that 65.3% of millennials associate home buying with achieving the American Dream. That’s more than any other generation! Millennials put a high personal value in achieving the milestone of buying a home—precisely because it is harder…

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JB Goodwin Realtors combing through Austin rental statistics

2018 has started off with a bang for property leases in Austin with the total number of available properties rising, largely due to an almost insatiable demand from the market.

The properties that are being leased in December 2017 are larger compared to those available in December 2016, which has led the overall price per square foot to decline slightly.

That shouldn't come as a surprise, however. The number of new construction apartments that were available at the tail-end of 2017 was at a low not seen since 2013 but the number of single-family homes for rent in Austin had grown by 19%.

JB Goodwin's leasing specialists were strong again, with the average listing renting out 2 days faster than the MLS median. Take a look at the full leasing…

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Well, December 2017 was another wild ride according to the Austin Leasing Statistics.

Between June 2013 and June 2017, the number of apartments that are occupied has dropped four percent exactly. But this is almost definitely because of additional supply coming on to the market.

In fact, between 2016 and 2017, the market saw 600 more units become available for lease, which must have been like music to those searching for a lease as their number grew by a whopping 9%, which was more than double of 2016’s numbers. The trend for those who listed their leasehold property with JB Goodwin REALTORS continued too, with a JB Goodwin property being occupied and closed four days faster than the average property on the MLS.

See more of the Austin Leasing…

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More people are moving to Texas than any other state in the country. According to U.S. Census data, Texas added more than 6 million people from 2000 to 2010. Overwhelmingly, net domestic migrants are moving to Texas from California, but as Jeff Salamon points out, Californians are not more likely to move to Texas than other inter-state migrants—since the population of California is so large, there are simply more Californians coming in than say, Louisianans or South Dakotans.

Growth is strong across the largest metropolitan areas in Texas, making these large areas highly attractive to migrants from all over the United States. Americans are moving to Texas.

But why are people relocating to Texas from other states?

According to a Fiscal Notes blog…

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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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