Did you hear that Lance Armstrong’s house is now on the market? Maybe he knows it’s a good time to sell!
It’s no secret that the housing market in Austin, Texas is on fire. Prices have continued to climb, yet that’s not stopping homebuyers. The most active segment of the market are homes priced below $400,000 (these buyers usually go through a lender to borrow money to purchase) and over $800,000 (these buyers usually pay cash and close quickly).
Luxury Sales Skyrocket
It’s these high-end homes that have seen a significant increase in sales. In 2015, according to the Texas Association of REALTORS, sales increased 16.3 percent! So what are people paying for these luxury homes? About $397 per square foot. That’s a median price of $1,381,252. As of today, buyers have a limited selection of only 524 homes priced over $1,000,000.
Market Time Shortens
Not so long ago, luxury homes would sit on the market considerably longer than their counterparts. However, that is changing. In 2015 the average time on market was only 100 days, or two months longer than the average house.
Millionaires are Made
Combine this with the healthy increase in value of Austin homes, many homeowners are now finding themselves millionaires – in assets. According to a statement released by Jim Gaines, an economist with the Real Estate Center at Texas A&M University, homes that were valued at $800,000 to $900,000 just a few years ago, will now sell for over a million dollars.
Are you a millionaire and didn’t know it? Find out what your home is worth by contacting MacKenzie Realty for a free, no-obligation market analysis. You may be pleasantly surprised!
For the past several years now, Austin’s housing market has been hot, hot, hot! Austin’s area population now exceeds two million and reports of up to 115 people move into town each and every day. The traffic alone can testify to that! The result? Housing options are tight and prices continue to shoot up.
The cumulative value of homes in Austin for 2015, according to a recent Zillow report, was $155,000,000,000 – yeah, that’s a “B” – a staggering number. In fact, according to the Austin Board of REALTORS, Austin homes snagged the highest prices in the state of Texas. An Austin-area single-family home average price came in at Continue reading
Each town, each city is unique. Austin, Texas is no different. Check out this video for the sights and sounds of Austin.
Over the decades, real estate broker, Kathleen MacKenzie, has worked with many home buyers and shared tips about little nuances of what makes one home a great buy and another a disaster.
Because Kathleen can’t physically work with everyone, she wrote this book sharing her priceless tips.
If you are thinking about buying an Austin house, read this before you go house hunting. You’ll:
Avoid hassles and
Save thousands of dollars!
If you want to buy a house in Austin and are not already working with an agent, here is a rare opportunity to work with the author of this book! Contact her today.
With all the recent rain in central Texas, does that mean the drought is coming to an end? And if it is, does that mean Lake Travis will be rising . . . along with house and land prices?
If you’ve been dreaming about getting some land to build your dream vacation or retirement home on near Lake Travis, the time to buy is now! And here is one good option: 1/2 acre lot on a cul-de-sac, surrounded by trees, yet level and clear in the center – just waiting for you to start building! For more information, visit http://www.MacKenzie-Realty.com.
Kathy MacKenzie is the broker of MacKenzie Realty, which helps people buy and sell homes around Austin, especially in the Lake Travis communities of Volente, Jonestown, Lago Vista, Leander and Cedar Park. Kathy authored the books “Stop Dreaming . . . Start Owning,” “Find Your Perfect Home with Feng Shui” and “Repair Your Credit . . . Buy a House.” You can follow Kathy on her blog, Twitter and Facebook.