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.


Almost 1/2 acre in Northwest Hills, Walk to schools, Flat yard

4203 Venado presents a pretty unique deal, especially at 749,900 This is some great Northwest Hills real estate it’s in one of my favorite interior sections of Northwest Hills and feeds to Doss Elementary comes with 2 lots that could be easily divided for development now or in the future. is in walking distance of…

Central Austin homes under 300k

If you’re looking a home in Austin under 3ook and want to stay close in. There are 3 basic directions you can go. North, up the 183 corridor from Lamar to 620 (or just North) South Austin (south of Ben White aka 290 or 71) East Austin Each has it’s pro’s and con’s The 183…

10 things to keep in mind about buying a new home from a production builder

This process for buying a new home is totally different than buying a resale home. I’ll try to walk you through it – although each builder does it a little differently. ! 10 points to consider below this picture of the Mueller neighborhood in Central Austin. Negotiations.  Most likely the builder will have his own…

Fewer Austin homes for sale this year than last

Austin, #1 on Forbes list again. This is the abbreviated version of why we are on top, again. 2.5% population growth – highest in the country our economy expanded 5.88% last year 307 companies move here in the last 9 years (about 100 from California) To make sure we continue growing Austin has collected over…

Coming Soon: Home for Sale in Austin’s Hyde Park Neighborhood

Coming Soon, Austin home for sale in Hyde Park  78751 Charming 3 bed 2 bath Bungalow in Austin’s Hyde Park Neighborhood.  Set in the middle of the Triangle, North Loop and Hyde Park.  Just a short walk to to Vino Vino, Quacks bakery, Asti, Mandolas and Foreign and Domestic.  Also walking distance to Hyde Park’s…

Field notes 1705 Richcreek Rd in Crestview/ Brentwood

The home at 1705 Richcreek came on the market hours ago. It sits on a nice street in Crestview/ Brentwood neighborhood in Austin, Tx. It’s nice but as you might imagine in this hot market, it’s expensive. The sellers are asking top dollar. Reasons to buy this Crestview home for sale It’s been completely remodeled…

Real estate listing coming soon – not in MLS yet

These are a few real estate listings that we will have coming to market soon. If you want more information about these – let me know. Coming soon, Austin home for sale in Westlake Hills 78746 +/- 2,000 square foot single story home in the hills of Westlake. The house is built into a hill…

Brand New Highland Village Home Coming to Market Soon

North of 45th St between Bull Creek and and Mopac at 2816 W 50th (just West of Rosedale) is a brand new Central Austin home for sale that is almost complete. From what I can see it’s going to be a beauty. Apparently the previous buyer, who changed her mind, had made lots of upgrades….

Field notes for 7700 Merrybrook in Northwest Hills

7700 Merrybrook Circle is a Northwest Hills home for sale that is a little puzzling but it checks off a lot of important boxes for buyers seeking a nice home feeding to Doss Elementary. Some reasons to buy this Northwest Hills home for sale close in, good Northwest Hills real estate that isn’t deep in…