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HOME SALES PEAK IN THE SUMMER
MORE HOMES TO CHOOSE FROM
We’re still seeing a massive influx of companies either relocating or expanding in the Austin area creating jobs and this new workforce needs a place to live. It’s still a very heavy seller’s market, but we are seeing an uptick in housing supply as we go into the summer months. This change, no matter how small, is a welcome sign for people looking to buy.
SCHOOL IS OUT, TIME TO BUY
Today marks the last day of classes for Austin ISD and many private schools. You’ve earned a lazy summer lounging by the pool or enjoying family picnics. Many families also use the time away from a structured schedule to make a move so kids have time to adjust to a new school at the beginning of the year.
PRICES ARE TRENDING HIGHER
The shortage of supply and an increase in the demand for housing will likely push the home prices higher throughout the year. While that pace might slow, Austin’s immense population immigration, especially post-pandemic combined with continued labor shortages and supply chain challenges will mean that buying this summer makes sense!
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!
BLUES ON THE GREEN
An Austin classic, Blues on the Green, is a free summertime concert at Zilker Park. Mark those calendars and join ACL Radio on June 14th-15th and July 19th-20th. Stay tuned for the #BOTG lineup coming soon! Presented by H-E-B and benefiting Austin Parks Foundation. Spread out a blanket and some cold beverages, food and great music. MORE
ROSES & ROSE
THE FOUR SEASONS
Friday, May 27th
The Four Seasons Hotel Austin invites you to stop and smell the roses this summer. Enjoy a variety of rose and rosé-inspired events and activities, including their pop-up Ciclo and Live Oak rose gardens with themed food and drink menus and an Instagram-worthy floral wall filled with blooms. Click here for more information!
JUNE WILD CARD EVENT
June 22nd from 5-8 PM
Chef Justin Delgado of Gather Hospitality creates summer-worthy bites with a Tex-Mex flair for our June edition of Wild Card! Join us on June 22nd from 5-8pm to sample Grilled Gulf Shrimp Escabeche and Elote with miso and shrimp mayo, as well as specialty sips from Desert Door Texas Sotol. MORE
Eldon Rude’s is an economic thought leader in Austin’s real estate industry. He has 35 years of advising investor, developer, bank, homebuilder, and governmental clients on the Central Texas real estate economy. His market research experience is always insightful. Click here for his most recent take on the market.
Estimates released the U.S. Census Bureau rank Georgetown and Leander Nos. 1 and 2, respectively for population growth from July 2020 to July 2021. Georgetown grew faster (at 10.5 percent) than any other U.S. city with at least 50,000 residents during the time period. . Leander’s population rose 10.1 percent during the one-year period, winding up at 67,124. FULL ARTICLE
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
SELLER GUIDE: How do you make sure you get the most money for your home? From pricing to marketing, we’ll customize a plan to ensure you get the most money for your home. SELLER 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.