Austin’s home market up 20% in the last 6 months

Last month I wrote about the number of available homes being at an all time low. Well, that’s still the case but even lower and as expected price has increased dramatically. According to the data in front of me from October of 2013 to now we have gone from a median price of 390k to 470k in 6 months. That’s a 20% increase in 6 months.

price chart Austin homes

6 month price chart for Austin Homes October 2013 – March 14 2014

We are seeing this kind of increase in all price ranges but mostly in the luxury market but the steepest increase is in the luxury market. It’s up almost 30% in the last 6 months going from 1.05m to 1.35m.

Austin luxury market leads the pack in price increase

Austin Luxury market leads the pack in price increase

On a personal note, April will be a big month for me Marquette and Ellis. We are moving into our remodeled home after a year of construction and are due to have a baby girl in the middle of April. It should be an exciting time.

Please don’t take this to mean I’m too busy for you guys or your referrals because I’m not. In fact we have made the bet that we will get even busier. with that we’ve brought in some help to make sure all of you and your friends are well taken care. I’ll still be the guy doing the deals but now have a colleague and friend (Jennifer Berbas) available to open doors and generally be the legs of our operation. She also brings her own set of skills to the table with a knack for spread sheets, very detailed pricing analysis and the willingness and desire to tell you the truth even when it might me telling you to not buy or sell a particular house.

If there is anything we can do for you. Don’t hesitate to give us a call or send an e-mail.

Cheers,

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