July 2017 Austin Market Report

July was an exciting month for Austin real estate! According to the latest numbers from the Austin Board of REALTORS®, the Austin area market saw increases across the board. Single family home sales increased 3% to 2,892 homes sold. The median home price also rose 5% to $301,332. Despite the continuous rise in prices, pending sales for July increased by 5%. The month of July also yielded a 12% increase in total dollar sales volume to $1.12 billion. The home inventory level for the Austin area saw the biggest increase this month with 3.2 months of inventory available. Although this number is still below the balanced home inventory level of 6 months, this is the highest level of inventory seen since 2012. Check out the newest numbers from the Austin

Five Biggest Home Selling Mistakes

When selling your home, it’s important to start the process off right from the start, especially in a hot market like Austin’s! Making the wrong choices can have a negative effect on the outcome of your home sale. Check out these top five major selling mistakes and how you can avoid them:

  1. Not Working with an Agent - There are many steps involved when it comes to selling a home that can easily be overlooked or difficult to attempt on your own. If you’re not careful or experienced with selling a home, you could end up in a situation with a negative outcome. A real estate agent can guide you through the process and ensure every detail is taken care of. They can also handle all the paperwork associated with your home sale and negotiate with the

Austin Area 2017-2018 School Calendars

It's back to school time for Austin area students! To help get your family ready for a successful school year, we've put together a list of the 2017-2018 calendars for Austin area school districts. You'll also find links to the school year calendars for local private schools. School begins as early as August 16th and as late as August 28th this year, so be sure to check the start date for your district. Interested in buying a home in a certain district? Our Austin Area School Districts Map helps you search for Austin homes zoned within your preferred district or specific school. To learn more about any of these Austin area school districts, check out our Austin School Districts Guide.

2017-2018 School District Information

School District

Things to Do in Austin in August

With so many cool events scheduled this August, there's still plenty of time for summer fun before school starts! Enjoy music outdoors with Blues on the Green, Unplugged at the Grove, and the Zilker Summer Musical. Stock up on school supplies, clothes, and other necessities during Texas Tax-Free Weekend. Cool off with sweet treats at the Austin Ice Cream Festival or heat up at the Austin Chronicle's annual Hot Sauce Festival. You can also take part in an Austin tradition this month by watching the bats fly out from beneath the Congress Avenue bridge at Bat Fest.

Here are some fun events happening in the Austin area this August:

Event Date Location / Time
Website
Annie Get Your Gun August 2 - 12 The Long Center in

Home appraisals can have a big impact on your mortgage for your new home, so it’s important to understand what a home appraisal is and how it affects your home purchase. Learn more about the process below:

 What is a Home Appraisal?

A home appraisal is a report stating the value of a property made by a professionally trained, licensed appraiser. Lenders order home appraisals to confirm a home’s value before the mortgage is finalized. The lender notifies their preferred appraisal management company, and the company chooses a random appraiser to come out and assess the home. This helps ensure an independent opinion is made by the appraiser without any influence from the lender.

How is the Appraisal Determined?

The appraiser will most often

June 2017 Austin Market Report

We’re halfway through 2017, and Austin home sales are on the rise! According to the latest report from the Austin Board of REALTORS®, 3,415 home sales were recorded in June. This 4% increase over last year shows the Austin market is on track for another successful year. The median price of single-family homes in the Austin area also rose 7% to $314,000. Although median home prices have continued to rise each month, that hasn’t stopped the numbers for new listings, active listings, and pending sales from rising. June also recorded available housing inventory in the Austin area at 3.1 months, which is just over half of the 6.0-month level that is considered a balanced market. Take a look at the latest stats from the Austin Board of REALTORS®:

June

Bee Cave is Growing!

With its rolling hills, gorgeous homes, and amazing location close to Lake Travis, it's no wonder Bee Cave is one of Austin's most desirable areas to call home. Like many of Austin's suburbs, this thriving city is booming with growth. Check out the latest developments happening in the Bee Cave area:

The Backyard - Construction has already begun to transform Austin's legendary music venue into a huge live-work-play development. When complete, The Backyard will feature brand new office buildings, two venues for live events, amazing restaurants, and a luxury hotel. Located just west of the Hill Country Galleria, this sprawling development has been designed to fit into the natural hill country landscape while providing an amazing experience for locals

Decoding Real Estate Listing Terms

Real estate jargon can be hard to understand, especially for first-time buyers. When searching for homes, you’ve probably seen its status marked as “Active," “Pending," or even “Active Contingent.” Curious to know what these terms mean? Here are some definitions of a few common statuses for Austin area homes for sale:

Active - When a listing is marked as active, it is available for sale with no outstanding offers. Any buyer can make an offer on an active listing. In some parts of Austin, it’s not uncommon to see homes stay active on the market for only a day, so move quickly when you see a home you love!

Active Contingent - This status means that a home is available for sale, but the seller has already accepted an offer with a contingency. A