What is in store for Austin, TX Real Estate in 2015?

By
Real Estate Agent with Coldwell Banker United Realtors® ~ 512.750.6899
https://activerain.com/droplet/4sQG

 

What is in store for Austin, TX Real Estate in 2015?

 

The US economy is improving, however not fully recovered from the disastrous recession that began in 2008. It’s still in a recuperative phase. Austin‘s sought after location lying within the triangle of Houston, Dallas and San Antonio bodes well as we are leading the nation in job creation.

Austin is growing at a purported 110 people a day thus the Austin Real Estate market is quite simply a product of supply and demand. Austin has a 2.9 month supply of homes which is a 7% increase from a year ago.

 

According to the Austin MLS report released December 19, 2014 the Austin area continues to break records in homes sales. As we look to 2015 we see strong demand for Austin-area homes. Inventory is increasing but demand continues to outpace supply. This affects housing prices which is great for homeowners wanting to sell; however it presents challenges for buyers looking for affordable homes.

 

Homes are taking longer to sell as buyers pull back with a more cautious attitude at making offers. Some can’t justify the escalating prices depending on the area of Austin and are willing to pass, this sets up a somewhat dangerous scenario with so many moving and so few homes available. Many risk the inability to procure homeownership in the local area.

 

Residents like the idea of their equity rising, but realize should they sell; they are going to be caught in the crowded pool of buyers looking to make a purchase. If they are planning to stay in the neighborhood they are in for sticker shock. If they are moving out of Austin it’s an excellent time to sell!

 

In my professional opinion 2015 will continue to have challenges of low inventory like last year. Prices will continue to increase at a more controlled pace; buyers may find themselves caught in a competitive market and priced out of an affordable range.

 

If you’re a seller it might be wise to carefully look at comparable sales when pricing your home. Homes in Austin that are selling have several characteristics in common:

1. They are well maintained

2. Reasonably updated

3.   Clean and uncluttered

4. Priced according to current market conditions

 

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 Professional.

 

If you have a question regarding real estate in Northwest Austin or as a homeowner you are considering a sale or purchase, I would be delighted to visit with you, please contact me at 512-346-1799 or dillard@reloaustin.com.

 

Twenty-four 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/communicator.  I would be honored to schedule time to see if we are a good match.

 

Search for homes in Canyon Creek

 

Search for homes in NW Austin

 

 

 

 

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Topic:
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Realtors®
All Thing's Texas
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Tags:
dallas
houston tx
austin tx
austin mls
canyon creek
78726
nw austin tx

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Rainmaker
3,391,732
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Dorie -- great information, expertly presented.   You definitely have a perspective based on a deep understanding and a history of success in the local Austin real estate market.

Dec 22, 2014 03:35 AM #1
Rainmaker
5,079,938
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Hi Dorie Dillard that's a good overview of what's on the horizon for Austin Texas.... sounds like a job for Dorie Dillard and if buyers and sellers were wise, they would call no other agent.... "when you can go with the best, why settle for less!"

Dec 22, 2014 03:37 AM #2
Rainmaker
3,838,865
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Michael: Thank you!

Hi Barbara: I'm ready..I know the market and can help!

Dec 22, 2014 05:16 AM #3
Rainmaker
1,323,116
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Hi Dorie,

It's nice to see that there is a lot in store of Austin!  Great post!

Dec 22, 2014 05:49 AM #4
Rainmaker
1,084,713
Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Hi Dorie-It is nice to see your area is improving, Good to see a light at the end of the tunnel. May it continue to improve as the year progresses

Dec 22, 2014 05:54 AM #5
Ambassador
1,167,320
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Dorie, Austin is doing very well in the recovery mode compared to most cities, and I have no doubt who the preferred REALTOR would be in my book for Austin and Canyon Creek Subdivision.

Dec 22, 2014 06:03 AM #6
Rainmaker
1,728,719
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 .....Austin looks like it's headed for a great 2015!

great post as always!

Dec 22, 2014 06:11 AM #7
Rainmaker
2,047,848
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Dorie, you put together facts and figures that has meaning to the people in Texas and you are a proud Ambassador for Austin and its surrounding areas. Thank you for making such a significant contribution to Austin. Because of your sales, many people were able to eat and pay their bills, including having a better life style.  

Dec 22, 2014 09:55 AM #8
Rainmaker
3,838,865
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Wayne and Jean: Thank you!

Hi Sharon: Our area never really saw the downturn may parts of the country did.

Hi Jerry: Austin has continued to improve.

Hi Rob: Sure does!

Hi Patricia: Thank you!

Dec 22, 2014 08:24 PM #9
Rainmaker
4,797,764
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks Dorie.  An excellent overview of what to expect in the Austin real estate market for 2015.

Dec 22, 2014 08:29 PM #10
Rainmaker
3,282,926
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Putting your best house forward is the best recipe for an offer that reduces inventory and realizes the best return on a real estate investmennt she said to the choir director.

Dec 22, 2014 09:42 PM #11
Rainmaker
3,838,865
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Gabe: Thanks for dropping by.

Hi Sally & David: It sure is!

Dec 22, 2014 09:45 PM #12
Rainmaker
1,525,452
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Dorie, you did a great job with this post. Buyers and sellers will find this post very informative and when they're ready to find an agent for their Real Estate needs they should know you are who they need to contact!

Dec 22, 2014 09:48 PM #13
Rainmaker
3,838,865
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Amanda: Thank you for stopping by!

Dec 22, 2014 09:49 PM #14
Rainmaker
1,799,927
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Talking with Scott Hayes last week I was amazed at how your market is steadily growing and is wonderful for real estate and jobs...so good to hear...hope 2015 is wonderful for you.

Dec 22, 2014 10:26 PM #15
Rainmaker
651,800
Bobbie Smith
Stroudsburg, PA
570-242-1891

You are very fortunate to be in such a great market Dorie.

However, it has got to make it very difficult for you to find decent choices for your Buyers.

Merry Christmas!

Dec 23, 2014 10:35 AM #16
Rainmaker
3,838,865
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Ginny: We are a hot spot but for some the prices are pricing them out of affordable housing and that is not good!

Hi Bobbie: Finding a home is difficult especially if you have your heart set on a certain area!

Dec 23, 2014 08:02 PM #17
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Rainmaker
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Dorie Dillard CRS GRI ABR

Serving Buyers & Sellers in NW Austin Real Estate
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