June 2017 Market Summary Report for Central Texas; including Austin area, Travis, Williamson, and Hays Counties:
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Leander Homes For Sale and Sold Report – June 2017
- Hot Central Texas summer days are here and the real estate buy buy and and sell season is in full swing. It sounds like a broken record, but area housing market is hot and affordable housing specially is in real short supply.
- I recently reported on ways that the Austin City Planners are trying to address this shortage by encouraging developers to build more affordable hosing around Austin. You cad read my report and follow my monthly blog about the real estate trends and market condition on my site or on ActiveRain (real estate information) blog site.
- Recent trends in Leander housing market has seen continued decrease in active listings of houses for sale. and continued steady or increasing demand. This high demand results in continued increase in prices. In short, until demand subsides or there is an over-supply of new houses, we are in a long term pattern of price growth.
- Below is a summary of the Housing Market in Leander. You can get more details about the houses sold and currently in the market for sale by expanding appropriate section.
| Leander | Sold | For Sale |
All this activity has affected your home’s value!
If you plan to move, you need to know the value of your home right now. You can find this out in two easy ways:
- Go to the website I created specifically for this purpose at: www.myLeanderPropertyWorth.com
- Text 52101 to (888)264-1910, to receive your property valuation
I hope you find this helpful. Referral is a big part of my business and as always I appreciate your consideration in referring any friends, family, or colleagues my way. Thank you for supporting me and my business endeavors. Please don’t hesitate to ask me questions about real estate, your desired neighborhoods, or your house value!
Best wishes,
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Cedar Park Homes For Sale and Sold Report – June 2017
- Hot Central Texas summer days are here and the real estate buy buy and and sell season is in full swing. It sounds like a broken record, but area housing market is hot and affordable housing specially is in real short supply.
- I recently reported on ways that the Austin City Planners are trying to address this shortage by encouraging developers to build more affordable hosing around Austin. You can read my report and follow my monthly blog about the real estate trends and market condition on my site or on ActiveRain (real estate information) blog site.
- Recent trends in Cedar Park housing market has seen continued decrease in active listings of houses for sale. and continued steady or increasing demand. This high demand results in continued increase in prices. In short, until demand subsides or there is an over-supply of new houses, we are in a long term pattern of price growth.
- Below is a summary of the Housing Market in Cedar Park along with break-down for two of the largest housing communities in the city, Avery Ranch and Cypress Creek. You can get more details about the houses sold and currently in the market for sale by expanding appropriate section.
| Cedar Park | Cypress Creek | Avery Ranch |
| Sold | Sold | Sold |
| For Sale | For Sale | For Sale |
All this activity has affected your home’s value!
If you plan to move, you need to know the value of your home right now. You can find this out in two easy ways:
-
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- Go to the website I created specifically for this purpose at: www.myCedarParkPropertyWorth.com
- Text 52388 to (888)264-1910, to receive your property valuation
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I hope you find this helpful. Referral is a big part of my business and as always I appreciate your consideration in referring any friends, family, or colleagues my way. Thank you for supporting me and my business endeavors. Please don’t hesitate to ask me questions about real estate, your desired neighborhoods, or your house value!
Best wishes,
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Affordable housing in Austin?
Austin housing market continues to be tight with a short supply of affordable housing. According to the Austin MLS data, the median price for a single-family home rose 8.6 percent year-over-year in May to $310,000. Single-family homes priced at or below $150,000 were nonexistent and only %13 of houses sold $150,000 to $250,000.
To address the shortage of affordable housing, the latest attempt by the City Planner is to revise the building code to encourage more affordable housing by the developers. CodeNEXT is the latest plan to overhaul the Austin’s land-use regulations to address this.
The term “missing middle” is used to describe residences that are affordable and attractive to middle-income earners. It’s a segment of the Austin housing market that has been neglected as market forces have driven single-family home prices in Austin out of the range of middle-income earners.
One strategy for creating more affordable single-family homes is to permit more diverse and more dense types of residential structures, such as row houses, town homes, cottage homes and accessory dwelling units. The theory is that if Austin developers can put more units on smaller parcels of land, it will go along way toward reducing the costs required to provide housing.
Mapped out, those zones form a patchwork quilt of parcels scattered across Austin, such as off of Far West Boulevard, or parts of the Burnet Road corridor. Many of those zones are centered on major corridors where row houses might not be the best fit.
Although many of those “more intense” residential zones are unlikely to be developed as row houses because developers can get a bigger bang for their buck with other building forms than with row houses.
City planners readily admit the lack of middle-income housing in CodeNEXT, and are open re-evaluating these potential building types and the number to be built. They emphasize that the maps are draft and encourage people to get involved in the feedback process.
Read my monthly monthly reports on various real estate topic and market activity on houses sold and houses currently on the market on my blogs on my site or on the ActiveRain (real estate information) blog site.
Best wishes,
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