Austin Real Estate Market Update - December 2017

By
Real Estate Agent with E*Rae Real Estate Group- Brokered by eXp Realty LLC 651873
https://activerain.com/droplet/59tr

Central Texas housing market closes 2017 with record-breaking sales: 

Well, December home sale statistics from the Austin Board of REALTORS were just released, and sales are steady!  In the Austin-Round Rock MSA, single-family home sales increased 13% to 2,653 home sales in December 2017, while median price rose 7% to $310,000 over the same time frame.

 

Within the city limits of Austin, there were 802 home sales last month with a median home price of $359,150. Within the City of Austin, the Average Days on Market or ADOM went up slightly to 54 days which is not unusual as the market tends to slow slightly around the holidays.  Compared to City of Austin home sales in December of 2016, the total dollar volume of residential home sales in December increased 15% to $352 million. 

 

There are just under one million residents in the City of Austin, while more than two million people reside in the greater Austin area.  In fact, the Austin-Round Rock MSA is the 31st largest metropolitan area in the United States.  In the Austin- Round Rock MSA there were 2,653 home sales in December of 2017 bringing the annual home sales total for the MSA to 30,059 sales, an all-time high. 

 

If you’re interested in learning more about what’s happening in your specific neighborhood, contact me.  I can provide you with a custom Austin real estate market update for your specific area.  

 

This post originally appeared on shesellsaustin.com

Posted by
Erika Rae Albert 
Realtor®, GRI
 
 
9600 Great Hills Trail
Austin, TX 78759
t: 512-779-7597
e: erika@shesellsaustin.com
 
www.shesellsaustin.com Facebook icon   LinkedIn icon   Twitter icon   Instagram icon
 
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Tags:
austin real estate market update
austin real estate market december 2017
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Rainmaker
984,734
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I am surprised Austin homes are still that affordable. Where do high techies live?  I mean Silicon Valley Austin neighborhood...

Jan 24, 2018 05:58 PM #1
Rainmaker
3,764,048
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Erika Albert ,

Isn't it amazing how Austin is growing and expanding? Good report from our MLS on the numbers...looks like another good year in Austin!!

Jan 24, 2018 07:01 PM #2
Rainmaker
167,218
Erika Rae Albert, Austin Real Estate Expert
E*Rae Real Estate Group- Brokered by eXp Realty LLC - Austin, TX
Exceeding Expectations in Every Transaction

Dorie Dillard it really is! I'm shocked everyday when I look around and see all that has changed.   

Jan 24, 2018 08:05 PM #3
Rainmaker
167,218
Erika Rae Albert, Austin Real Estate Expert
E*Rae Real Estate Group- Brokered by eXp Realty LLC - Austin, TX
Exceeding Expectations in Every Transaction

Sam Shueh yes, I think one of the many draws for so many people is that Austin is still relatively affordable.  Honestly, i'm not sure where all the techies live.  They don't seem to be quite as clustered as is seen in Silicon Valley.  A lot of our big tech companies are based in North Austin like Samsung and Dell, but Facebook, Google, and Dropbox are all located downtown where you would be lucky to find a nice one bedroom condo at the median price point.  

Jan 24, 2018 08:12 PM #4
Rainmaker
984,734
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

My sister and her husband camped out at UT Austin. He was a poor post doc in Austin for 10 years w/o finding an ideal job. He then moved to DC becoming a prominent astrophysist at NASA. All I recall it was hot in Austin and one had to find a house with a big tree to block sun. Not sure they even had ac then. Son Austin was born there. Today. He is a professor on DNA theory at SUNY. 

Jan 24, 2018 10:17 PM #5
Rainmaker
167,218
Erika Rae Albert, Austin Real Estate Expert
E*Rae Real Estate Group- Brokered by eXp Realty LLC - Austin, TX
Exceeding Expectations in Every Transaction

Wow Sam Shueh sounds like you come from a family of highly inteligent people!  Austin get's pretty hot in the summer, but a house without AC? That would be torture!

Jan 25, 2018 08:32 AM #6
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Rainmaker
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Erika Rae Albert, Austin Real Estate Expert

Exceeding Expectations in Every Transaction
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