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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This post has been included in Texas Real Estate News Travis County, TX Real Estate News Austin, TX Real Estate News
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51 Comments on If you are going to buy in Austin...you'd better be buying!

20 Most Recent Comments Displayed Show All

JAN
19
1,226,790 Points 79 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

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!
10:13am • #32
1,226,790 Points 79 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

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!
10:15am • #33
1,226,790 Points 79 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

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!!
10:17am • #34
1,226,790 Points 79 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

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!
10:19am • #35
1 Featured Post Outside Blog

Great news for your area. We are finally seeing a turnaround in our market here on Marco Island, Florida too. Yeah
10:30am • #36
629,089 Points 1 Featured Post Outside Blog

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!
11:43am • #37
867,011 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

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.
11:52am • #38
761,531 Points 37 Featured Posts Outside Blog Called Shot Master

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

Congrats on the feature!
1:53pm • #39
620,671 Points 97 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Sounds like you are right...if you are in Austin, time to buy now or lose out :)!
4:33pm • #40
1,913,978 Points 386 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Dorie, it seems like much of Texas escaped the "bubble" effect.  Austin sounds like a fun place to live.
7:05pm • #41
1,091,913 Points 201 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master
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.
8:28pm • #42
1,142,806 Points 242 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

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!
8:47pm • #43
240,142 Points Outside Blog

Sounds like you are going to be very busy this year. 
8:52pm • #44
1,352,557 Points 42 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Dorie - It sounds like everything including housing is going strong in Austin.
11:29pm • #45
JAN
20
1,393,626 Points 28 Featured Posts Hit Router Called Shot Master

Wow! some really good news for Austin.  Things look like they will be happening for the foreseeable future.
3:48am • #46
650,684 Points 69 Featured Posts Outside Blog Attended Rain Camp

Wow Dorie.  That is some positive news.
4:45am • #47
354,524 Points 30 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

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!
6:39am • #48
958,455 Points 53 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Dorie, all good news for Austin, and be prepared to write if you find that home that woould work!
7:32am • #49
555,176 Points 148 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

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! 
7:53am • #50
JAN
21
1,445,284 Points 26 Featured Posts Outside Blog Called Shot Master

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.
4:45am • #51

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Dorie Dillard Realtor® Canyon Creek NW Austin TX homes for sale

Austin, TX

More about me…

Coldwell Banker United Realtors

Address: 9442 N. Capital TX Highway, Plaza Two Suite 150, Austin, TX, 78759

Office Phone: (512) 346-1799

Email Me

Author Bio: I was once a school teacher and still like the learning process. Only now I enjoy learning what dreams my clients have and what I can do to help them. I am a firm believer in asking the right questions. It is the only way to get answers that have helped me build an impressive business over the past 21 years and leave a trail of happy clients

Welcome to my ActiveRain real estate blog and profile. I'm a Realtor with Coldwell Banker United and specialize in NW Austin. Once a school teacher I still like the learning process. Only now I enjoy learning what dreams my clients have and what I can do to help them. Dorie Dillard, Real Estate Professional in Austin, TX

Dorie Dillard

Dorie Dillard on Zillow

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