This week's Market Report in East Austin: Lease properties, May 25th

This is a snap shot of lease activity in East Austin, 78702, for the current week.  In future posts, I will combine this information with East Austin homes listed for sale.  For now, this is a great baseline.

Leasing a property in East Austin is a great idea if you want to "try out" the neighborhood.  There are new restaurants and retail stores springing up all over this neighborhood.  Some examples: Uncorked, Eastside Pies, Cheer Up Charlies, and Domy Books or Dean Frederick.  East Austin has a lot of new attractions, and the area continues to be developed.  Its proximity to Downtown Austin makes it very popular.

Here is a a chart showing statistics for all of the current properties for lease in East Austin:

There are 32 total properties that have been on the market for an average of 56 days, with 8 of these showing price reductions.

There are also nearly a dozen different condominium complexes in the East Austin neighborhood, such as Twentyone24.  In a future blog entry, I will tour these East Austin condos for you, but give me a call if you want to view them as soon as possible!

Here are the lease properties in East Austin that have leased in the past 7 days:

There were only 3 properties leased in the past 7 days, with an average 228 days on the market.  As you can see, most of these properties leased for more than they had been listed.

If you would like to lease your property here in East Austin, the price you set depends on the size and condition of your property.  From the chart above, it looks like the average lease price is $1.13 per square foot.  To find a specific market value for your property, contact me for a free consultation.

I can also help you find a lease property in this area, ar any East Austin homes for sale, so give me a call or send me an email!