I love living near downtown Austin. If you are looking for an apartment in the downtown or surrounding areas, this is a good time to look, in my opinion. It is just after the holiday lul in real estate followed by the wait period that a lot of apartments experience between now and May-ish. Though my building is reporting 96% occupied. It is amazing, but to beat this lul, I am seeing a lot of incentives, like a month free rent and/or almost no deposit. I also offer various incentives for using me as your agent. So, if you are interested, just email, text or call me, and I will help you drill down your search. There are so many choices down here, that it takes a little information to get it to a reasonable search for you to look through and decide which ones are best for you. I love showing down here too.
As a resident of this fine zip code, I love enjoying all the amenities that is unique to the ‘03’ as it were. With that being said, home ownership is valuable in this area. If you are considering selling your property for whatever reason, ‘tis the season. As a researcher for 20 years, I have a keen eye for data analysis. I took some time to really get to know the zip code in which I live and enjoy. The results are why I am writing this report.
According to reports I custom ran from the Austin Multiple Listing Services (MLS) Matrix Actris data reporting system, the sales in 78703 either remained consistent or surged in December 2012 and 2013 (TABLE 1). Compare active listings this year to historic data, and the number is down from previous years leaving a reduced supply situation (TABLE 2). The data indicates that there was an increase in home sales this time last year, so we can reasonably anticipate an increased demand along with a documented reduced supply
The overall median prices are up this year home sales in 78703 over the past decade (TABLE 3). So, the number of listed homes is lower than in previous years. Median sales prices are at a ten-year high. And, historically, sales data show an increase in December sales in this area. If you are contemplating timing, I hope this helps. If you are not, then I hope you find this interesting. I know that I do. If you see me around, be sure to say hello. And, if you know of someone who has some real estate needs, even leasing, send them my way.
I get asked a lot if there are any places central for purchase for $150,000 range and also in the $200,000 range. The answer is yes! They may not be big or the newest, but they are there. The East Side of Austin has made some great changes and is the newest arts district. It is chic and a great investment. Also, there are a few small condos in the Clarksville and Tarrytown area in the $200,000 range. For a chick downtown condo, $400,000 is the opening mark that I have seen, but you can span your search just a little out into the campus areas and get something in the $200’s. Call, text or email me!