High Demand Neighborhoods in Austin

By
Real Estate Agent with TCP Real Estate 616319

The Austin market is hot, hot, hot!  

High demand neighborhoods in Austin have less than one month of inventory. Wednesday, I went to check out a new listing in an area undergoing much redevelopment. This neighborhood actually had a negative value increase from January '14 to January '15 (per Gracy Title's market report).  Hard to believe based on what I saw this week!  The home went on the MLS about 6:00 pm on a Tuesday.  On Wednesday afternoon there were 5 agents with clients standing in line out front waiting for their turn to view this home.  As home prices sky rocket, buyers are seeking affordable communities to meet their needs.  

Check out this awesome graphic, courtesy of Gracy Title. Gracy Title is my first choice for my clients. They offer excellent customer service and have convenient office locations. I can't think of a better visual to help portray the hot markets and where the growth is in Central Texas. 

 

 

I would love the opportunity to win your business!  If you are thinking of buying or selling give me a call. This fast changing market requires a professional to help you fully understand values and ensure your best interests are protected. Buyers, let me help you find a home in one of Austin's high demand neighborhoods.

 

Comments (5)

Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Renee, those are some handsome prices increases! Dallas sold prices are moving upward as well.  I met a Realtor yesterday that said she had 50, yes 50, offers on a listing on day one! 

Feb 13, 2015 01:23 PM
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Ranee-Austin is a great city and it's no wonder that things are heating up!

Feb 13, 2015 01:38 PM
Ranee Bray
TCP Real Estate - Cedar Park, TX
North of Austin Homes

Sharon Parisi  That is insane.  I am hoping for a return to a more balanced market. These rapid price increases dont' sit well with me.  I saw Phoenix rise and crash hard....

Pete X with X Group Real Estate Advocates, Huntington Beach, CA 714.459.2017 OCLister.com It is a great city!  People are coming and nobody wants to leave.

Feb 15, 2015 12:12 AM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Hi Renee,  I think Texas is seeing modest increases by comparison to other parts of the country.  Dallas is up single digits in most areas year over year.  A few neighborhoods have seen low double digits. The new appraisal rule coming into play in August may impact those areas of the country that are seeing enormous increases in value.

 

Feb 15, 2015 01:11 AM
Ranee Bray
TCP Real Estate - Cedar Park, TX
North of Austin Homes

Sharon Parisi That is true. Appraisals are going to get interesting.

Feb 17, 2015 10:56 AM

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