Austiplex Real Estate Market Statistics for September, 2016 & Featured Listings

Posted by Oliver Hall on Tuesday, October 18th, 2016 at 12:16pm.

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Featured Listings

PENDING! MLS® #: 9050221, 
10607 JEAN DR Austin, TX 78753, 
$319,900
4 Beds, 2 Bath, 1923 SQ. Feet, 0.26 Acres
Residential


One of the newest homes in the neighborhood! It is immaculately kept and shows like a new model home! New improvements include cedar fence with metal posts installed in Spring 2015. New carpet in bedrooms, Spring 2016. Bedrooms & bathrooms were painted in Spring of 2016! Enjoy ample space on a .26 acre lot that includes a massive backyard!
For more info, click here.

 
PENDING! MLS® #: 7936897, 1137 OAKLANDS DR Round Rock, TX 78681
$329,900
5 Beds, 4 Bath, 3216 SQ. Feet, 0.19 Acres
Residential

Beautiful home on a wonderful landscaped corner lot in the highly sought after Oak Creek Community. Towering trees shade the lush front and back yard. The community pool is just a hundred yards away. Highly desirable Round Rock schools! Abundant retail, HEB and St. David's Round Rock Medical Center are less than 2 miles away.

For more info, click here.
 
SOLD! MLS® # 3958941, 1605 W 10th ST,
 Austin, TX 78703, 
List Price: $574,900
2 Bed, 2 Bath, 1198 SQ. Feet .078 Acres, Residential
 

SOLD! MLS® # 5037509,
3908 Idlewild RD,
Austin, TX 78731,
List Price: $749,999
4 Bed, 3 Bath, 2806 SQ. Feet .26 Acres, Residential



Home sales dip in Austin, increase across Central Texas in September 2016
Austin Board of REALTORS® releases September 2016 Central Texas Housing Market Report
 

   
AUSTIN, Texas - Oct. 18, 2016 - Single-family home sales increased across the Austin-Round Rock Metropolitan Statistical Area (MSA), but declined throughout the City of Austin in September, according to the September 2016 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.
 
Aaron Farmer, 2016 President of the Austin Board of REALTORS­® said, "Housing is at the center of all economic development. Nowhere is this more evident than at the intersection of housing affordability and mobility. As more and more homebuyers look outside of Austin's city limits to find an affordable home, our region's infrastructure is increasingly strained and the overall costs of homeownership rise because of the increased cost to commute."
 
In September, less than one in three homes sold in the Austin-Round Rock MSA and less than one in five homes sold in the Central Texas region were sold within Austin's city limits. City of Austin single-family home sales declined 4.5 percent year-over-year in September 2016 to 746 home sales, while home sales across the Austin-Round Rock MSA increased 1.3 percent year-over-year to 2,576 home sales. Across the Central Texas region, single-family home sales were up 6.1 percent from September 2015.
 
During the same time frame, the median price for City of Austin homes increased 10.6 percent year-over-year to $345,000. Across the five-county MSA, the median price for single-family homes was $275,250, an increase of 7.5 percent from September 2015.
 
In June, the Austin Board of REALTORS® announced its support for the City of Austin's $720M mobility bond proposition, applauding the proposed investment in major corridor improvements, plans for regional roadways  that will bring immediate congestion relief and implementing pedestrian pathways that enable safe routes to schools for all school-age Austinites.
 
"Austin's traffic congestion worsens every day. Our city cannot afford to keep putting off much-needed infrastructure improvements while waiting for the 'perfect plan' to come along," commented Mayor Adler. "As mobility throughout our region is impacted, so is the quality of life for all Austinites and our reputation as a place to live, work and do business. The time to act is now."
 
"Both Austin's current housing stock and infrastructure are not sustainable for our region's projected population growth, which is expected to double by 2040," added Farmer.
 
In September, housing inventory throughout the Austin-Round Rock MSA increased 0.1 months year-over-year to 2.7 months of inventory, far below the Real Estate Center at Texas A&M University's estimation of 6.5 months in which the supply and demand for homes are balanced. Due to increasing housing demand outside of Austin, housing inventory levels in Williamson County are now equivalent to inventory levels in the City of Austin. In September, the housing inventory for both Williamson County and the City of Austin was 2.4 months.
 
Single-family homes in surrounding markets also continued to spend less time on the market in September 2016. In Williamson County, homes spent three less days on the market, or an average of 44 days. In Hays County, homes spent an average of 48 days on the market, one day less than September 2015.
 
"Austin has the opportunity next month to vote for meaningful, much-needed transportation funding that can finally bring congestion relief to our region," concluded Farmer. "Solutions for Austin's transportation challenges cannot be delayed any longer. The Austin Board of REALTORS® urges Austin residents to vote "yes" for the $720M Mobility Bond on Nov. 8."
 
For more information on the 2016 Mobility Bond, please visit www.MoveAustinForward.org. For additional housing market statistics and infographics for the Central Texas region; Austin-Round Rock MSA; Hays, Travis and Williamson counties; and the City of Austin, please visit ABoR.com/StatsSep16.
 
The Austin Board of REALTORS® (ABoR) builds connections through the use of technology, education and advocacy to strengthen the careers of its 11,000 members and improve the lives of Central Texas families. We empower Austin REALTORS® to connect their clients to the region's most complete, accurate, and up-to-date listings data. For more, contact the ABoR Department of Public Affairs at marketing@abor.com or 512-454-7636. For the latest local housing market listings, visit AustinHomeSearch.com.
Thank you for your business and referrals!
 
Have an Awesome Fall!
 
Happy Halloween!
 

 
Sincerely,

 
 
 
 
 
 
 
 
 
 
Oliver Hall
Realtor, GRI
Team Price Real Estate
oliver@teamprice.com
512-786-1261
 
7320 N Mo-Pac # 305
Austin, TX 78731
 
 Team Price Inc. Lic 9002770 is a real estate brokerage company licensed by the Texas Real Estate Commission. Texas Real Estate Commission Consumer Protection Notice and 

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