Special offer

If you are going to buy in Austin...you'd better be buying!

By
Real Estate Agent with Coldwell Banker Realty ~ 512.750.6899

Thursday, January 17th, Gene and I attended an exciting Austin Residential Market Review at the Barton Creek Country Club which Independence Title offered to invited guests (thank you Kara McGregor and her business development team). Mark Sprague, State Director of Information Capital offered an exhilarating market update. All good news for Austin!!

Mark Sprague

I like to hear Marks predictions and review because he tends to be on the conservative side and doesn’t blow smoke! But as he says: facts are facts.

So what are the facts…. why is Austin on a high:

1.      Austin area resale inventory is  3.4 months
2.      New and resale home inventory levels extremely tight
3.      Austin home values remained positive during recession
4.      Record affordability, lowest mortgage rates in 60+ years
5.      1 out of 2,006 properties in Travis County are in Foreclosure, across Texas 1 out of 1,455
6.      Residential, rental and office entitlements at lowest levels in 6+ years
7.      Lending requirements still tight, causing fewer opportunities
8.      Rentals – 97% occupancy
9.      60,000+ people annually moving to Austin
10.    60,000 new jobs next two years, 26,400 in last 12 months (+3.3%)

We are looking for our momentum to keep us moving in a positive direction for a strong 2013!

As always, Austin real estate information is brought to you as a courtesy by Dorie Dillard of Coldwell Banker United; your NW Austin Real Estate Consultant.

Twenty-two years of successful representation for both buyers and sellers allows me to offer excellent service. My dedication and determination will be an asset in reaching your goals. I have systems in place, references and am a good listener and communicator.  I would be honored to schedule time to see if we are a good match. Call me at 512-346-1799.

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I specialize in Listing and Selling homes in the NW Austin Area. I use my experience to guide clients through the process, whether selling or buying. It’s a beautiful thing when your career and a passion come together. I love what I do!

 

Comments (51)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Debbie: It started in December so we have our track shoes on!

Hi Toni: It sure is looking that way!

Hi Larry & Sheila: You have that right!

Hi Barbara: They are learning that for sure!

Hi Melissa: You mean for sellers!! They are in the drivers seat now!

Jan 19, 2013 02:13 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Stephanie: It is a strong sellers market and buyers are trying to get in to get properties under contract..I have two listings that both have back-up offers!

Hi Sally & David: That is true!

Jan 19, 2013 02:15 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi John: They don't say "Don't mess with Texas" for nothing..... LOL!!

Hi Jeanne: Yup..Houston is the same shape and doing as well!

Hi Paula: Its been a well kept secret until about10 years ago!

Hi Roy: Exactly!!

Jan 19, 2013 02:17 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Pippa: I'm sure you have one..just get your hands on it!

Hi Debbie: It sure is shapping up that way!

Ira: There actually are several around the country now!

Hi Sarh and Lee: I'm ready!

Jan 19, 2013 02:19 AM
Susan Shaw
Premiere Plus Realty Co.Marco Island, FL - Marco Island, FL

Great news for your area. We are finally seeing a turnaround in our market here on Marco Island, Florida too. Yeah

Jan 19, 2013 02:30 AM
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Dorie, You walked away with some pretty good information to pass on to buyers and sellers in the Austin market. Thanks for the update, happy selling!

Jan 19, 2013 03:43 AM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Dori - Austin has done very well through this recession.  I had some clients move there - they lost a lot of money on their home in NH and then had to pay a high price for their home in Austin. I hope your market continue to enjoy what looks like a robust market.

Jan 19, 2013 03:52 AM
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Dorie ...Great title and I think so true in many areas of the country!

Congrats on the feature!

Jan 19, 2013 05:53 AM
Brenda Mullen
RE/MAX Associates - San Antonio, TX
Your San Antonio TX Real Estate Agent!!

Sounds like you are right...if you are in Austin, time to buy now or lose out :)!

Jan 19, 2013 08:33 AM
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Dorie, it seems like much of Texas escaped the "bubble" effect.  Austin sounds like a fun place to live.

Jan 19, 2013 11:05 AM
William Johnson
Retired - La Jolla, CA
Retired
Hi Dorie, What do you credit the ever expanding market with. Texas in general has been doing well but Austin has been the preferred destination. Your market looks to be just getting better and better.
Jan 19, 2013 12:28 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Excellent review, Dorie!  So glad you were able to attend and share this great news!  We're very similar here and some communities that are top-selling neighborhoods have NO active listings!  It's just crazy here--inventory is down and we're BEGGING people to sell their homes!

Jan 19, 2013 12:47 PM
Steve Warrene
Your Town Realty - Lower Burrell, PA
Pittsburgh Realtor North and East Pgh.

Sounds like you are going to be very busy this year. 

Jan 19, 2013 12:52 PM
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Dorie - It sounds like everything including housing is going strong in Austin.

Jan 19, 2013 03:29 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Wow! some really good news for Austin.  Things look like they will be happening for the foreseeable future.

Jan 19, 2013 07:48 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Wow Dorie.  That is some positive news.

Jan 19, 2013 08:45 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Hi Dorie,

Austin consistently gets great Texas reviews - it's a GREAT place to call home.

Title Companies that offer education make the best partners.

When it comes to selling Real Estate in Austin, I can think of no one better than YOU!

Jan 19, 2013 10:39 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Dorie, all good news for Austin, and be prepared to write if you find that home that woould work!

Jan 19, 2013 11:32 PM
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Dorie, I keep reading about how hot the Austin market is.  I can see why with those stats.  I hope this is your best year ever! 

Jan 19, 2013 11:53 PM
Roy Kelley
Retired - Gaithersburg, MD

It is a wonderful time for home buyers to take advantage of the very low mortgage interest rates.  Some buyers will be faced with multiple contract competition in preferred neighborhoods.

Jan 20, 2013 08:45 PM