Austin Housing Market Report - 2020 Second Quarter

COMMENTARY

MARKET REPORT 2020 SECOND QUARTER

The second quarter saw unique events that impacted the Austin housing market. A global health pandemic, shelter in place orders and a shutdown of the world economy brought questions and concerns.

The initial impact saw a sharp decline in the number of transactions as sales in April fell 26% from the same time in 2019. By June we had returned to 2019 sales levels and throughout all the turbulence home price have continued to rise albeit at a more modest clip.

The largest concern Austin currently faces is a lack of inventory. This has been a concern the past couple of years but has been expounded as potential sellers have held back putting their homes on the market over concerns with the pandemic and economy. The decrease in supply has seen the days on market reach all time lows as quality properties sell within days of hitting the market

The data shows that Austin is rebounding very well. While there is uncertainty over the next few months Austin is poised to remain one of the strongest housing markets in the country.

Troy Schlicker

SECOND QUARTER REVIEW TRAVIS & WILLIAMSON COUNTY

SINGLE FAMILY & CONDO

Total Sales – YTD 13,761 (-9% change from 2019)

Sales Price Average $421,407 (+3.4% change from 2019)

Sales Price Median $340,000 (+5% change from 2019)

Median Days On Market 17 (-23% change from 2019)

ALLANDALE/CRESTVIEW/HIGHLAND

Total Sales – YTD 262

Sales Price Average $499,547

Sales Price Median $475,000

Median Days On Market 7

BARTON CREEK/SOUTHWEST AUSTIN

Total Sales – YTD 162

Sales Price Average $704,281

Sales Price Median $529,325

Median Days On Market 11

BARTON HILLS/ZILKER

Total Sales – YTD 96

Sales Price Average $818,720

Sales Price Median $675,000

Median Days On Market 34

CEDAR PARK

Total Sales – YTD 443

Sales Price Average $383,042

Sales Price Median $360,000

Median Days On Market 5

CIRCLE C RANCH/OAK HILL

Total Sales – YTD 229

Sales Price Average $498,864

Sales Price Median $479,900

Median Days On Market 4

DOWNTOWN

Total Sales – YTD 118

Sales Price Average $834,931

Sales Price Median $595,000

Median Days On Market 47

DRIPPING SPRINGS/BEAR CREEK

Total Sales – YTD 431

Sales Price Average $550,173

Sales Price Median $519,500

Median Days On Market 44

EAST AUSTIN

Total Sales – YTD 339

Sales Price Average $480,152

Sales Price Median $450,000

Median Days On Market 13

GEORGETOWN EAST

Total Sales – YTD 438

Sales Price Average $283,051

Sales Price Median $261,545

Median Days On Market 39

GEORGETOWN WEST

Total Sales – YTD 1000

Sales Price Average $370,527

Sales Price Median $335,840

Median Days On Market 56

GREAT HILLS/JESTER/RIATA

Total Sales – YTD 200

Sales Price Average $501,514

Sales Price Median $471,000

Median Days On Market 4

LAGO VISTA/JONESTOWN/VOLENTE

Total Sales – YTD 346

Sales Price Average $425,277

Sales Price Median $330,000

Median Days On Market 70

LAKE AUSTIN WATERFRONT PROPERTIES

Total Sales – YTD 13

Sales Price Average $3,414,423

Sales Price Median $3,180,000

Median Days On Market 201

LAKE TRAVIS NORTH WATERFRONT PROPERTIES

Total Sales – YTD 38

Sales Price Average $636,102

Sales Price Median $412,500

Median Days On Market 57

LAKE TRAVIS SOUTH WATERFRONT PROPERTIES

Total Sales – YTD 27

Sales Price Average $1,208,707

Sales Price Median $1,090,000

Median Days On Market 102

LAKEWAY/BEE CAVE

Total Sales – YTD 733

Sales Price Average $649,601

Sales Price Median $550,000

Median Days On Market 36

LEANDER

Total Sales – YTD 1281

Sales Price Average $338,587

Sales Price Median $294,295

Median Days On Market 25

LIBERTY HILL

Total Sales – YTD 296

Sales Price Average $366,946

Sales Price Median $309,565

Median Days On Market 62

LOST CREEK/ROB ROY/SENNA HILLS

Total Sales – YTD 91

Sales Price Average $1,102,560

Sales Price Median $915,000

Median Days On Market 8

MUELLER/WINDSOR PARK

Total Sales – YTD 242

Sales Price Average $451,169

Sales Price Median $445,000

Median Days On Market 10

NORTH CENTRAL AUSTIN

Total Sales – YTD 156

Sales Price Average $330,863

Sales Price Median $331,975

Median Days On Market 7

NORTHEAST AUSTIN

Total Sales – YTD 217

Sales Price Average $283,670

Sales Price Median $275,000

Median Days On Market 9

NORTHWEST AUSTIN/ANDERSON MILL

Total Sales – YTD 277

Sales Price Average $423,448

Sales Price Median $378,000

Median Days On Market 5

NORTHWEST HILLS

Total Sales – YTD 169

Sales Price Average $689,047

Sales Price Median $718,938

Median Days On Market 6

ONION CREEK/SOUTHEAST AUSTIN

Total Sales – YTD 377

Sales Price Average $315,015

Sales Price Median $295,000

Median Days On Market 12

PFLUGERVILLE

Total Sales – YTD 935

Sales Price Average $300,075

Sales Price Median $290,350

Median Days On Market 10

RIVER PLACE/STEINER RANCH

Total Sales – YTD 265

Sales Price Average $735,117

Sales Price Median $590,000

Median Days On Market 12

RIVERSIDE/MONTOPOLIS

Total Sales – YTD 123

Sales Price Average $344,877

Sales Price Median $318,900

Median Days On Market 13

ROLLINGWOOD/WEST LAKE HILLS

Total Sales – YTD 95

Sales Price Average $1,518,691

Sales Price Median $1,325,000

Median Days On Market 42

ROSEDALE/NORTH LOOP/HYDE PARK

Total Sales – YTD 186

Sales Price Average $602,180

Sales Price Median $546,739

Median Days On Market 18

ROUND ROCK EAST

Total Sales – YTD 694

Sales Price Average $318,043

Sales Price Median $289,900

Median Days On Market 11

ROUND ROCK WEST

Total Sales – YTD 427

Sales Price Average $416,853

Sales Price Median $385,000

Median Days On Market 5

SOUTH AUSTIN

Total Sales – YTD 832

Sales Price Average $370,083

Sales Price Median $351,240

Median Days On Market 7

SUNSET VALLEY/SOUTH CONGRESS

Total Sales – YTD 282

Sales Price Average $393,491

Sales Price Median $380,000

Median Days On Market 10

TARRYTOWN/CLARKSVILLE

Total Sales – YTD 160

Sales Price Average $1,093,473

Sales Price Median $894,500

Median Days On Market 30

TRAVIS HEIGHTS/SOUTH LAMAR

Total Sales – YTD 268

Sales Price Average $639,383

Sales Price Median $600,000

Median Days On Market 15

UNIVERSITY OF TEXAS

Total Sales – YTD 68

Sales Price Average $435,462

Sales Price Median $333,500

Median Days On Market 35

WELLS BRANCH/SCHOFIELD

Total Sales – YTD 169

Sales Price Average $359,021

Sales Price Median $351,000

Median Days On Market 5

MISSION

Real estate is about more than a home, it's about a lifestyle.

Every client’s situation is unique and providing outstanding individualized service is my top priority. That doesn’t just mean negotiating a successful deal but also helping to provide the lifestyle that clients and families are seeking.

My goal is to link individuals and families with their real estate aspirations to help build wealth, dreams and memories.

Troy Schlicker | 512.809.6166 | troy@reserverealty.com