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Peach season in Texas is typically mid-May through mid-August. The variety and the quantity of peaches available will vary over the four months of peach season in the Texas Hill Country. Coincidently that aligns with Austin’s summer selling season. Here are few things you should know as we prepare for Summer real estate 2022. 🍑
By the end of 2022, experts anticipate that the 30-year fixed mortgage rate could land between 4.8% and 7.0 percent. For the 15-year fixed mortgage rate, their predictions fall between 3.9% and 6.0 percent. While the rate increases are designed to curb inflation, they certainly won’t make Austin real estate any more affordable. It’s time to buy!
Even if the enthusiasm tempers a bit, it will still take some time to see a change in Austin real estate pricing. That’s because we’re cooling from rapid boil to a boil…that means there are still more buyers in the market than homes for sale. Instead of 15 offers, sellers might only get 5 which still means multiple offers and over asking prices
908 Nueces #28 | Celia’s Court
2 BD | 2 BA | 1249 SF | 1 Parking
2516 Simond Ave #A | Mueller
Buyer Representation | New Construction
Here are 5 Things I’m LOVING 😎 this week!
SNEAKY PEACHES AND THE FUZZ 🎶
PEACH PILGRAMAGES 🚗
John Lumpkin for “Texas Highways”
ReserveBar is an online luxury spirit and wine store that specializes in rare bottles, gift sets, and fine drinkware. It’s amazing!!! Since it’s summer, how about gifting an engraved mason jar of Ole Smoky Peach Moonshine? MORE
Bingsu is Korean-style shaved ice that features all of your favorite childhood elements of shaved ice with a creamy snowflake texture and over-the-top toppings. The Matcha Parfait Bingsu is topped with Peach Ice Cream, Whipped Cream, Matcha Powder, Black Sesame Paste, Strawberries, Toasted Coconut & Almonds! YUMMY
AUSTIN AREA MARKET STATS: For those who love a good spreadsheet, here are latest Austin market stats broken down by month and zip code. APRIL 2022 MARKET DATA
BUYER GUIDE: It’s not easy buying in a market with rising prices and limited inventory. We can help you through the process. BUYER GUIDE
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The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.