Austin Real Estate News

The Austin Board of REALTORS® (ABOR) compiles monthly home sales statistics. Here is a snapshot from ABOR showing just released sales data comparing October 2007 to October 2008.

Home sales have declined about 25% from October 2007 to October 2008, but the median home price has gone up 7% since last year indicating that Austin homes are still a sound investment, even in the midst of economic uncertainty.

With interest rates declining and 5% more homes on the market now than at this same time last year, it’s a good time to buy Austin real estate.

Mueller is a much talked about development in Austin thanks to its plan (a sustainable urban village), its location (minutes from downtown on the old airport grounds), and its uniqueness to Austin. Phase 1 of the residential area is now complete, and builders have already started construction on homes in Phase 2. We recently helped a client purchase a home at Mueller and want to tell you about the courtyard home our clients fell in love with.

Part of making Mueller pedestrian friendly involves small narrow lots – and because people tend to want high square footage these days, that leaves little room for yards. That means many homes in Mueller have a teensie yard (if any) – which works for many thanks to the ample green space and parks in the community. However, if yard space is important to you and Mueller is your goal, you should definitely check out the Mueller Garden Court homes. Though these homes do not have traditional backyards, they share a common front courtyard. See the image below that shows twelve homesites facing green space.

So, your front door faces neighbors across the way, and you (and your kids) have a common area to share with neighbors. That’s what drew our customers in – on top of the fact that they love the Mueller concept.  Oh, and they just love the The Muskin Company home they found. The Muskin Company’s Garden Court home they purchased has a great floorplan, energy efficient construction, and contemporary styling with cottage charm. Mueller appears to be the perfect fit for their family of four.

We found our clients a great home at Mueller and a great deal - we’d like to do the same for you! Call us today at 512.600.1800.

Learn more about this great community on our Mueller Austin Homes for Sale page or start your Mueller Home Search now.

Nationally, mortgage interest rates are down substantially in the last week thanks to the Federal Reserve’s announcement on November 25th to buy up to $500 billion of securitized home loans. According to Bankrate.com, ”the average rate on the 30-year fixed was 6.33 percent Nov. 19.” Today, Bankrate.com is reporting that rate at 5.92%, the lowest it has been since February of this year. An online search for rates for an individual with good credit seeking a 30-year fixed for an Austin area home purchase shows rates close to 5.5%. With low interest rates and sellers who need to sell, it’s a great time to buy an Austin home.

Call us at 512.600.1800 – we have REALTORS ready to help you find an Austin home today!

If you have visited AustinHomeListings.com before, you may have noticed our logo has changed.

We replaced:

with:

Why the change? Great Austin Properties has always run AustinHomeListings.com and the logo change (as well as the new tab navigation) is part of our continuing effort to improve our site.  We hope the new logo makes it clearer the site is run by a full service professional Austin real estate brokerage. That’s important because we want visitors like you to know a team of REALTORS is behind AustinHomeListings.com, and we are ready to help you on your next Austin real estate purchase or sale.

AustinHomeListings.com empowers visitors in their Austin Home Search with incredible search tools like our interactive map and Austin neighborhood quick search, but the ultimate goal of the site is for Great Austin Properties to represent site visitors when they are ready to buy or sell an Austin home.

If you are in the market, please consider us to help you with your Austin Real Estate needs. We think our site is the best Austin home search site you will find, and we know our knowledgeable Austin REALTORS provide incredible service.

Give us a call at 512.600.1800 today and let us earn your business!