Austin Texas Real Estate
Thanks for visiting austinrealestatemarket.com presented by Austin Referral Realty and Austin Real Estate Broker Ronnie Bredahl. If you are relocating to Austin or just searching for a bigger home across town, then you came to the right place!
For those of you considering a move to the Austin area, congratulations on your wise decision. Austin is a wonderful city with a laid-back, unpretentious atmosphere. The city offers a vast variety of entertainment for everyone including Lake Travis, 6th street, Hill Country wineries, upscale Downtown Austin dining, and one of the largest public park systems in the nation. Austin is the perfect place to relax or get your next adrenalin rush wake boarding on Lake Travis. You can choose from a selection of close-in historical Austin Neighborhoods such as Tarrytown, Hyde Park, Allandale, to the beautiful Barton Hills neighborhood in South Austin surrounded by Zilker Park. With many award-winning school districts such as Eanes in Westlake, Lake Travis, and Dripping Springs - to a large selection of prestigious private schools- Austin is the perfect place to raise a family.
What We Can Do For You!
Austin Referral Realty, Inc. offers real estate broker representation to buyers, sellers and investors in Austin, Texas and surrounding areas including Barton Creek, Lakeway, Lake Travis, Dripping Springs, Westlake, Round Rock, Buda, among other communities within Travis County, Williamson County, and Hays County.
Our Austin Real Estate Team includes Austin Realtors Ronnie Bredahl, Craig House, Beverly Henson and Mitzi Otto. We all live in Southwest Austin and have over 40 years combined real estate experience. Over the last 4 years, Austin Referral Realty has helped many internet buyers and investors from all over the country. Call us today at (512) 785-9050.
We are ready to serve your Austin Real Estate needs with world-class customer service!
- Ronnie Bredahl is a licensed Texas Real Estate Broker, Austin Realtor, e-PRO, and Accredited Buyer's Representative (ABR).
- Licensed real estate agent since 1999.
- Texas Real Estate Broker since 2002.
- Local, local, local! Ronnie has called Austin home for over 30 years giving him an extensive knowledge of the city few real estate agents can match.
- Team of Austin Realtors to help you 24/7!
- No pressure approach - We inform, you decide!
- Fast, Professional communications from a team of industry leading title companies, mortgage brokers, and real estate vendors all working hard for you!
- Free Austin Home Search. No contact information required.
Austin Real Estate Market
by Ronnie Bredahl, Austin Realtor, Real Estate Broker, January 8, 2008
The mortgage meltdown that swept the nation in the summer of 2007 is still sending aftershocks through the global financial industry. The tightening of lending guidelines is pushing many 1st time home buyers and buyers with credit issues out of the real estate market. Nationally, I feel we are going to see a gloomy year for real estate in 2008 and hit bottom sometime during the 1st quarter of 2009.
Despite home prices falling in 21 states across the U.S., Austin and much of Texas continue to go against the grain! With a job growth rate hovering around 4% annualized and unemployment below 3.5%many economic indicators are pointing in a upward trend. But the question is, can Austin and the Texas Real Estate Market continue to buck the national trend?
Week in Review, January 13 - January 19, 2008 (provided by Alamo Title company)
Currently there is a 29.45% increase in active listings over last year. Compared to the same week in 2007, the "New Listings" average list price increased 3.04% to $294,971. Last week that number was $298,456. In 2007 the new listing average list price was $286,281.
For the last two weeks the number of pending and sold homes are down from 2006, although this week we have a slight increase in the number of homes sold. Average sales price increased 4.41% to $247,168. The average sales price in 2006 was $236,726 for the same week.
While cities on the East and West Coasts were enjoying double digit price appreciations from 2003 to 2005, property values in Texas were relatively flat. During this time it was hard not to envy our friends and neighbors in California, I would hate to be sitting on a prime piece of dirt in Riverside, California in 2008. Our real estate markets in Texas were much more conservative over the same period seeing an average of 3-5% appreciation. In Austin, there are some exceptions. Some West Austin and Central Austin Neighborhoods still saw 10-20% gains annually. However the Austin Metro area saw about 5% appreciation.
In 2008 the Austin real estate market will remain steady. You will not see huge appreciation, but at the same time you will not see any price drops in desirable, established neighborhoods. Inventory will start shrinking as the year wears on and despite a national recession, we should end our year close to 2007 levels.
With all the excess inventory on the market, prices will be slow. It's a fantastic time to buy a home if you do not have to sell first. Prices are soft in many areas and there is still great value in the Austin Market.
European Real Estate Investors
Late afternoon Tuesday, the euro was at $1.4710 from $1.4697 late Monday. The British pound was at $1.9715 from $1.9701. With stable real estate values in Texas and especially Austin, opportunity is everywhere if you are lucky enough to get paid in euros or pounds!
In 2003, the dollar and euro were about even. Buying a investment property when the dollar is the weakest puts you in position to greatly profit as the dollar comes back up to historical levels. And the British Pound, it makes me sick! It makes me feel like I have a pocket full of Mexican Pesos! You too can capitalize on U.S. real estate investments as the dollar continues to bleed. Damn bloody dollar!
Austin Population & Growth since 1980 |
||||||||||||||||
|
||||||||||||||||
The Austin Metro Area population grew to over 1.5 million in 2006, topping out Forth Worth as the 4th largest city in Texas. The 1990s saw a 48% increase in population and growth has been averaging 3% percent annually since the 2000 Census. Census Bureau estimates for 2000 to 2006 show that Austin, Texas remains one of the top destinations for relocating talent. Austin ranks 7th among the top 50 U.S. metros based on net relocation as a percent of total population (11%).
Austin Home Search
Austin Real Estate Search - Search thousands of Austin homes for sale featuring Google Maps. NO Registration Required! You will be able to see the exact location of each Austin homes for sale using a map overview, giving you a great perspective into Austin area real estate values by area. If you click the red dots which represent property listings, you will be able to view detailed information about the home for sale including the up to date status of the real estate listing.
The Austin homes for sale on AustinRealEstateMarket.com are listed through the Austin MLS. We use IDX technology ("Internet Data Exchange" or commonly called Broker Reciprocity). In the age of information, IDX is a great way to enhance cooperation between Austin Realtors and Austin MLS members to facilitate the purchase and sale of real estate in the Austin, Texas area. We do not represent EVERY seller on EVERY home you find on this site. However, we do offer Free Buyer Representation to every home listed through the Austin MLS.
Austin Real Estate Market does not offer any version of the Austin MLS to consumers or clients. You will only be able to search Austin MLS Listings currently for sale and properties under contract. No sold information is provided on this site with the exception of Austin real estate statistics. Please contact us if you have a question about what homes are selling for in your Austin neighborhood or "future" Austin neighborhood. Legally, we can only provide sold information on a one on one basis. The phone lines are open 24/7! Call Ronnie at (512) 785-9050 anytime and he'll be able to help you with your Austin real estate questions.
What's Your Home Worth?
Fill out our Austin Home Evaluation Form and receive an estimate on the market value of your Austin area home via email. It's no substitute for a personal meeting at the property, but it's a good way to get a quick estimate of your home's value compared to similar homes in your neighborhood.
Home / Austin Home Search / Selling Your House / Austin, TX Neighborhoods
Buying Your House /Austin Texas Photo Gallery / Real Estate Glossary
Austin Realtors / Relocation Real Estate Sites / Austin Real Estate Affiliations
About Us / Contact Us / Privacy Policy / Site Map / History
| Real Estate | Real Estate Investing | Real Estate Referral Network |
| Rio Grande Valley Real Estate | Buyer Representative | Zilker Park - Barton Springs Pool |
Ronnie Bredahl, Austin Realtor
Austin Real Estate Broker
4802 Woodside Drive
Austin, Texas 78735
info@austinreferralrealty.com
Telephone: (512) 785-9050
