January 2017 Austin Market Report

The first numbers of 2017 are in, and it looks like the Austin market is already shaping up for another great year! According to the latest statistics from the Austin Board of REALTORS®, single family home sales in the Austin area were up 7% since January of last year with 1,549 homes sold. The median price of Austin area homes also continued to creep upward with a 10% increase to $279,990. January saw an 7% increase in active listings on the market and an 11% increase in pending sales. All this activity yielded a $552 million total dollar sales volume, which is 19% more than last January. We hope this positive activity continues throughout 2017. Get a detailed look of the latest numbers from the Austin Board of REALTORS®:

January 2016 Austin Area

Romantic Restaurants for Valentine's Day in Austin

Love is in the air in Austin! Valentine's Day is coming up next week, and restaurants all over the area are offering special menus for the occasion. Check out our list below to find the perfect restaurant to celebrate with your Valentine. Most restaurants will offer special prix fixe menus and selections just for your romantic night out. You'll find several local favorites on our list, including Hudson's on the Bend, Uchi, and Jeffrey's, as well as up and coming locales such as Kuneho and Juniper. For a unique dining experience, check out the special menus and live music at The Townsend and Chez Zee. Reservations will go quickly, so be sure to secure yours right away!

Make a reservation for a romantic experience at one of these Austin area

Does the idea of moving into a new house make you feel anxious? You're not alone! Moving can seem stressful, but proper planning, organization, and execution can make the process run smoothly. Here are some simple steps you can follow to make the transition to a new home easier on you and your family.

Begin planning as soon as possible: The more time you have to plan, the easier moving will be. Mark important dates on the calendar and start making packing lists using whatever method of organization you prefer. The built-in calendar or reminder apps on your smartphone are a good place to start. Use them to make checklists, assign schedules, and log every idea you have.

Give yourself plenty of time: Try to set aside time and plan your move-in date

Things to Do in Austin in February 2017

February is a great time to call Austin home, especially with so many great events on the schedule! Frontera Fest, Austin's fringe theater festival, wraps up this month with several original performances lined up. Check out local vendors and see great art at the First Thursday and Third Thursday events this month. The kids will love hearing their favorite movie tunes at the Pixar in Concert show by the Austin Symphony. Stop by Austin Jugglefest to the see unique talents or take a run through downtown with hundreds of fellow Austinites at the annual Austin Marathon. Don't miss the chance to tour some of the city's unique homes at the Modern Homes Tour. There are so many exciting events for everyone to enjoy this month!

Find out what's going on in

Last week, REILLY, REALTORS® celebrated a successful 2016 and teed-off the new year with a party for all of our agents, staff, and their guests! The event was held at Austin's Top Golf location near the Domain for the second year in a row. With so many new people joining our team, it was great to have an opportunity for everyone to get to know each other better. Our team had a great time hitting golf balls at the driving range, enjoying a delicious meal, snapping pictures at the photo booth, and even hitting the dance floor! Take a look at some of the best snapshots from the party:

Tee Off 2016 Photo Collage
Tee Off 2016 Photo Collage

We would like to extend a heartfelt thank you to everyone who attended our 2017 Tee-Off event. Our agents and staff are what make REILLY, REALTORS® a

December 2016 Austin Market Report

As predicted, 2016 was a fantastic year for Austin area real estate! According to the latest numbers from the Austin Board of REALTORS®, 2,373 homes were sold in December 2016, which is a 2% increase over last year. Area home prices also rose 7% to a median price of $290,000. December can be a slow month for real estate, but Austin saw a 6% increase in active listings compared to last year as well as a 15% bump in pending sales. The rising prices in the Austin area yielded $859 million in total dollar sales volume. Take a look at the latest statistics from the Austin Board of REALTORS® for December:

December 2016 Austin Area Market Statistics

  • 2,373 single-family homes sold last month, which is 2% more than December 2015
  • 1,604 new

Is It the Right Time to Sell Your Home?

Are you wondering if 2017 is a good time to sell your home? Here are a few questions to ask if you're considering putting your home on the market.

Have Your Needs Changed?
Take some time to examine your feelings about your current home. Have you outgrown the space? Is your home too big? How’s the commute to your job? What about your neighborhood school district? If your current home doesn’t fit your needs, now may be the time to sell.

How Much Equity is in Your Home?
As you make monthly mortgage payments, you build up equity in your home. If you're not sure how much equity​ ​you've accrued, you can estimate it by comparing the amount of your mortgage to your home’s value. Ask your REALTOR® or lender for help determining equity. Usually, the less

Things to Do in Austin in January 2017

The holiday season may be over but there's no shortage of fun in the Austin area this January. Get your home ready for spring with tips from the Austin Home and Garden Show. The Lady Bird Johnson Wildflower Center is bustling with family activities like the Amazing Family Garden Race. Celebrate the life and works of Martin Luther King Jr. at the MLK Celebration festival. Race through downtown Austin at the 3M Half Marathon or romp around for a good cause at the Austin Gorilla Run. January is also a great month for theatergoers with unique performances at FronteraFest coming to the stage.

Check out these events to find something fun to do in Austin in January:

Event Date Location / Time
Website
Austin Free Week January 1