I attended a valuable mid Year Economic Forecast for Central Texas sponsored by Independence Title with Mark Sprague State Director of Information Capital. The topics were enlightening with food for thought on our economy, the future and as listing agents.
Central Texas is doing well because of our job creation but the secret to Austin’s success is over the last 50 years we’ve enjoyed a nice steady, organic 3.5 % appreciation each year! We are not in a bubble like some try to label us. We have land and lots of land to build on. What is normal for us is not normal for the rest of the country. 44% of the country has recovered..we never fell..just plodded steadily along.
Austin is starting to see “ego” pricing. That means sellers feel their home is worth an inflated price in our real estate market. The buyers are not accepting it. If you price your home 95-100% of the median price you’ll get multiple offers. If you “ego” price (listing way above the recent sold comparable sales) you will find you’ll be making price reductions and end up selling below the median price. If you haven’t received an acceptable offer in 45 days you will need to make a price reduction!
As always, homes In NW Austin, TX that are selling the quickest have several characteristics in common:
- They are well maintained
- Reasonably updated
- Clean and uncluttered
- Priced according to the current market conditions
Meet those conditions and your home has a very good opportunity to be seen and sold in the NW Austin Real Estate Market!
Selling or buying a NW Austin home is a complex process and you want to work with a REALTOR® that understands the process and the ever changing dynamics of the Austin housing market. I have systems in place, references and am a good listener and communicator. It would be my pleasure to schedule time to see if we are a good match. Reach out to me at 512.346.1799 or email at dillard@reloaustin.com for an insightful conversation about our real estate market. I offer you hands on Professional guidance for all your real estate needs.
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Don’t forget to visit my website: www.reloaustin.com
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       Dorie Dillard is the most frequently hired REALTOR® in the Canyon Creek Subdivision. “YOUR PERFECT PARTNER”
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