Hi Austin area homeowners. I’m Eric Peterson Broker of Kopa Real Estate. Let’s review the most recent Austin real estate statistics.

In September there were 3,437 homes sold which is down 10% from last year.

The average sold price was up 22.7% from last year but down 2% from August.

The median price was $463,000, up 34.2% from last year but down 5% from August.

The average sold price to original list price was 101.4%. That means homes were selling on average for 1.4% over list price.

The average days on the market is 16 days, still down considerably from last year at 39 days but up 2 days from August.

Overall homes are still selling fast and we are still in a strong sellers’ market although not quite…

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 Let’s get to the statistics for August, 2021. We are still seeing huge increases in the year over year statistics. The big story is the huge month over month increases in average and median sales prices has dipped for the first time this year.

As a reminder these statistics cover the entire Austin MLS area. If you’re interested in a particular area you may want to check out one of our other blogs and videos or contact me directly.

Let’s start by looking at the listing inventory numbers. In August there was a total of 3,969 sales which is down 9.6% from last year and slightly up from 3,846 sales in August, 2019. The number of new listings is up 15.3% to 4,873 and the number of pending sales is down 34.9% to 2,877.

The months of…

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People today use Facebook to share all of life's little ups and downs with friends, often forgetting that good friends are not the only ones who might be looking at their Facebook page. When you’re buying or selling a home that could be dangerous.

If your home is for sale, you want the world to know, so do post good photos. Do tell your friends how to reach your agent to make an appointment for a tour. You can even state the list price.

After that, you can talk about your favorite features in the home – how the sun comes in the kitchen window in the morning, or how you enjoy your outdoor kitchen.

If you’re buying, you can tell your friends that you’re looking for a home in a specific neighborhood and even describe the perfect home.

What…

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 Ever since the beginning of the year when the inventory of homes reached an all-time low we have been noticing an important pattern with the homes we are selling. Homes that have some type of condition that in a normal market would have sold at a significant discount are selling for record prices right now. This is one of the few times in real estate you may be able to time the market.

Although the inventory of homes is increasing, we are still in a strong seller’s market which means buyers don’t have many choices. Motivated buyers who would pass over a home if they had 3 other homes to choose from are paying market price for these homes in today’s market.

Many of our savvy investor clients are taking advantage of this market and selling…

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I’m going to talk about changes we are seeing in the Austin real estate market, review the most recent real estate statistics and talk about what we expect to see in the near future.

We do know why prices have risen so dramatically this year. It’s because there have been so few homes for sale, that’s no secret. When a home is called “Active” it means it is not under contract, you can actually buy that house. If we go back 2 years there were 7,133 Active homes for sale in June, 2019. In June, 2020 we dropped to 5,300. By January of this year, we were barely over 1,000 but slowly the inventory of homes is increasing. In June, 2021 there were 2,265 Active homes.As I shoot this video in mid-July there are over 3,000 Active homes on…

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If you listen to the media or friends your impression of the real estate market is that every home will sell no matter what you do. You’d also think your home will sell for the same price regardless of the condition, marketing or Broker you hire. These are some of the biggest lies in real estate today. Sometimes I think people believe the government is putting a limit on their home and you’re only allowed to sell it for $600,000 regardless of what they do.

"We took a home that didn’t sell at all with another agent and now it is under contract with multiple offers for way, way, way over asking price."

I sold the home next to 15804 Dink Pearson last year. The owners of that home had hired another agent to sell their home but it didn’t sell. After…

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One morning last September I received a call from the Arlington, VA police department informing me that my aunt passed away. Although she was 82 it was pretty unexpected because I spoke with her only a few days before then and she seemed to be doing great.

My aunt was one of the earliest women to receive a law degree from Georgetown University and had a distinguished career working for the US Customs Office. Right until the end her mind was sharp as ever.

For years I had been encouraging her to sell her home and move into one of the independent living options nearby because in my opinion she would have benefited from being around more people. Understandably my aunt was set in her ways and wanted to remain on her own until the end.

Because…

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The Williamson County Appraisal District just mailed out the Notice of Appraised Value for 2021. Look for your notice in the mailbox or search your address on the WCAD website.

Prepare yourself before you open the envelope because you are going to be shocked by the value. Especially for those who own rental properties with no Homestead Cap you will see huge jumps in the value you will pay taxes on this year.

When you see your value if you think to yourself “If someone would pay that much for my home, I would sell it” let me tell you something even more surprising…Your tax value is probably $125,000 or more below what your home can sell for in today’s market. That’s a conservative estimate because there’s a home we will be selling that I…

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I’m going to review some of the important housing statistics for the Austin real estate market for February 2021. 

Before I get into the stats there are a couple things I want to talk about. Because real estate prices have been appreciating rapidly when I talk with sellers some will often make statements starting with “The market is so hot that XYXZ.”

"The market is so hot I can sell off market."

"The market is so hot presentation doesn’t matter."

"The market is so hot the Broker I hire doesn’t matter."

It’s as if there has been some government executive order that says you can only sell your home for $600,000 no matter what you do.

In reality, we are seeing sellers sell off market telling me they sold for $50,000 above the…

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If you own a home you probably have looked at some type of online home value estimate. Even I like to look at mine as a curiosity to see how far off they are from reality.

I’m the type of person who orders the exact same meal every time from restaurants so I own 2 of the EXACT same houses right around the corner from each other.

Here are the online home estimates I received on the same day for the 2 homes. These homes are exactly the same with a $36,000 difference is estimated value. How can this happen? I have no idea. The homes are the same size, same finishes, same builder, same floor plan, same schools with the same neighborhood amenities.

        

I can’t explain the $36,000 difference with these homes. In general, we don’t…

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