Austinites and soon-to-be Austinites will be happy to hear that this Texas town is booming with real estate opportunities! Although home prices have been on the rise, an influx of inventory could help level things out – or at the very least, help keep pace with demand. Home buyers will need to be strong with their offers, as it’s becoming a more competitive market – particularly in the Downtown, Steiner Ranch and Apache Shores neighborhoods.
Inventory & Open Houses
According to the latest data from Trulia, there are currently 2,766 resale and new homes in Austin including 24 open houses, as well as 485 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. Here’s a look at some open houses coming up soon in the area:
Thursday, April 3, 4 to 6:30 pm
23 Cypress Knee Ln #97
Austin, TX 78734 (Cardinal Hills)
3 bed, 3 full, 1 partial bath
Sunday, April 6 & Sunday, April 13, 12 to 3 pm
2318 Thornton Rd #B
Austin, TX 78704 (South Lamar)
2 bed, 2 1/2 bath
Sunday Apr 6th, 1 to 4 pm
7332 Vista Mountain Dr
Austin, TX 78731 (North Cat Mountain)
6 bed, 6 bath
Home Prices in Austin, TX
Trulia reports the average listing price for homes in Austin is $633,937 for the week ended March 19. This represents a 2.2 percent increase or $13,801, compared to the prior week. Average listing prices for homes in the popular neighborhoods of Steiner Ranch and Downtown are $531,016 and $962,106, respectively.
The 11th largest city in the United States, Austin is home to approximately 842,592 lucky Texans. With a strong sense of independence, creativity and ingenuity, the community of Austin strives to keep growth steady while staying true to their city’s unofficial motto: “Keep Austin Weird.”
Ranked the second safest major city in the nation by the FBI, Austin residents can feel secure living here, whether living the single life or raising a family. The multitude of cultural, educational, and career opportunities are enough to keep Austin-born individuals from relocating, thus the city’s talented and skilled workforce is continually replenished.
And we certainly can’t boast about Austin without mentioning the lively music scene! Austin’s official slogan is “The Music Capital of the World,” and rightly so. This city has more music venues per capita than any other U.S. city. From the many nightclubs on 6th Street to the annual South by Southwest (SXSW) festival, Austin hits all the right notes for aspiring musicians, seasoned pros, and devoted fans.
Want to learn more about Austin? Check out these local resources:
- City of Austin (Official Page)
- Austin Independent School District
- Austin, TX Visitor and Tourism Information
- Texas Mortgage and Home Buying Information from The Decker Group