The best time to list your house in Austin

The other day Zillow published a list called “the best time to list your house” but they left off the best city in the Country – Austin, TX!  I’ve done a little bit of research and come up with the answer for “The best time to list your house in Austin”

According to a 2017 US News and World Report study, they ranked Austin the #1 city and that’s ahead of Denver, San Jose, Seattle, and Washington DC.  They measured such parameters as strong job market, quality of life, and home values (not too much, or too little).  I’m not sure waht kind of parameters Zillow is using, but living here in Austin is awesome (I wasn’t born here, but my son was!).

They took the best spring time months, March, April, and May and ranked the 25 biggest metro markets.  I’m still surprised Austin isn’t included in this list, I though we were bigger than St. Louis, or Charlotte, or Tampa, but what do I know?

Then they evaluated the number of days to sell, and the average sales premium and did some magical calculations.

Without access to the original data, I have no way of accurately comparing Austin to the rest of the list, but what I can do is share some relevant stats with you. FYI, Based on the latest numbers from the Austin Board of Realtors,  from January 2017.

This gives a great snapshot of the month of January, but ins’t the best look at overall sales.

I prefer to use this year over year graph supplied by Austin Title, which shows every month graphed out for the last 5 years.

This way you can clearly see that more homes are sold in Austin in the late spring, and early summer months, bucking the national trend, as we always do.

And since this shows data for the last 5 years, you know this isn’t unusual.  It’s just the way the housing market here in Austin is different.

One last thing I like to mention is that each neighborhood and price point in Austin has an optimal time to sell.

For instance the optimal time to sell a million dollar house in Barton Creek is very different than selling in Steiner Ranch, or in Mueller.

If you are interested in selling in Austin, let me know and I’ll give you detailed spreadsheets and market data for your specific house.

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The most affordable house in Lost Creek right now

This Lost Creek house in Westlake was built in 1979, and looks the part.  It needs a lot of updating, plus it has foundation issues.  But when the average home in Lost Creek sold in November of 2015 for just under $700,000, this is quite a bargain at $499,900.

Sure it’s gonna take $10K to make the foundation right, and you could easily dump another $100K into the kitchen and bathrooms, but when you were done, you would have a great 2100 square foot house with views, and your kids would go to the top rated Eanes Schools (click here to see other current homes that go to Eanes ISD).

Not all homes in Austin have foundation problems, and generally houses in this part of town are OK, but sometimes a builder didn’t use enough concrete, or the right kind.  For some people this turns them off right away, but others aren’t scared.  They know that they are going to do some work to update the house anyway, and a new foundation with a lifetime transferable warranty (provided by many foundation companies) is a big plus when it comes to resale.

If you are interested in this home in Lost creek, or another if this one is no longer on the market, let me know.  I’m here to help.

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Strange ways to meet Real Estate Clients

Real Estate agents are supposed to pick up ALL their open house signs once the open house has ended.  I normally do.  But this one time I didn’t.  Usually leaving out a sign overnight leads to bad things – either the sign will get vandalized or stolen, or a neighbor will call you and ask you (or tell you) to come and get it, or in the worst case, code enforcement can come by and actually fine you. (more…)

Helping someone buy a house who wanted to rent

Sometimes things are slow in Real Estate.  It can be a slow time for any number of reasons.  Perhaps the market is not hot, or sometimes new agents get off to a slow start.   After my first sale, which came as a referral, things slowed down for me, so I turned to leasing, as a way to help people who were moving to Austin find a place to rent, before they settled  down in a more permanent neighborhood.  Not everyone has everything in place to buy, but when I can Help someone buy a house who is ready, it’s a great feeling. (more…)

Homes for sale in Old Enfield

There is a neighborhood a bit north, and west of the Austin capital called Old Enfield.  One of the oldest  areas in the city, the stately homes here sit back from streets lined with old growth oaks trees.

Simply called Enfield by most, this small, historical neighborhood shows pride of ownership.  Many of the homes were built  in the 1920’s and ’30’s but have been been beautifully restored over the years.  The front of the homes are old Victorian or colonial, or something similar, but frequently the insides have been completely updated into the ideal soft contemporary house we all dream of.