Austin Market Report 2020 Third Quarter July - September 2020
AUSTIN MARKET REPORT 2020 THIRD QUARTER
About the Data The study includes all residential home sales in the towns indicated in the report by the Austin Board of Realtors Multiple Listing Service. Including single family and condominiums. Does not include townhouses, land, commercial, rentals, or off-market transactions Each area is a separate area designated by the ABOR MLS but is highlighted with a dominate city or neighborhood for reference. The smaller amount of transactions data for some areas can lead to large swings that do not necessarily point to a trend in one directions or another. All information provided is deemed reliable, but has not been verified & we do not guarantee it. Š 2020 Troy Schlicker
Subject to Errors and Omissions
Source: ABOR MLS
CONTENTS
MARKET REPORT 2020 THIRD QUARTER
Allandale/Crestview/Highland
Mueller/Windsor Park
Barton Creek/Southwest Austin
North Central Austin
Barton Hills/Zilker
Northeast Austin
Cedar Park
Northwest Austin/Anderson Mill
Circle C Ranch/Oak Hill
Northwest Hills
Downtown
Onion Creek/Southeast Austin
Dripping Springs/Bear Creek
Pflugerville
East Austin
River Place/Steiner Ranch
Georgetown East
Riverside/Montopolis
Georgetown West
Rollingwood/West Lake Hills
Great Hills/Jester/Riata
Rosedale/North Loop/Hyde Park
Lago Vista/Jonestown/Volente
Round Rock East
Lake Austin Waterfront
Round Rock West
Lake Travis Waterfront North
South Austin
Lake Travis Waterfront South
Sunset Valley/South Congress
Lakeway/Bee Cave
Tarrytown/Clarkville
Leander
Travis Heights/South Lamar
Liberty Hill
University of Texas
Lost Creek/Rob Roy/Senna Hills Wells Branch/Scofield
COMMENTARY MARKET REPORT 2020 THIRD QUARTER
The Austin housing market hit historic levels in the third quarter of 2020. With record highs in homes sold and average sales price the third quarter saw us make up all of the lost sales from the previous two quarters due to the uncertainty surrounding COVID. With a better understanding of the long term impacts of COVID and an understanding that work from home is a permanent or semi-permanent solution for many companies and employees we are seeing home owners take a different approach to where they live and what they're looking for in a home. Many are needing more space for all the additional activities taking place at home. From work, to school, movie night and working out. People are also willing to move further from their offices as they my only be required to commute to work once or twice a week. This has taken the form of increased home sales outside Austin's urban core as well as an acceleration of relocations from both California and the east coast. 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
Troy Schlicker Troy Schlicker
THIRD QUARTER REVIEW TRAVIS & WILLIAMSON COUNTY
SINGLE FAMILY & CONDO Total Sales – YTD
23,933
(+1% change from 2019)
Sales Price Average
$475,291
(+15.1% change from 2019)
Sales Price Median
$365,000 (+10.6% change from 2019)
Median Days On Market
11
(-50% change from 2019)
ALLANDALE/CRESTVIEW/ HIGHLAND SINGLE FAMILY & CONDO Total Sales – YTD
436
Sales Price Average
$540,951 Sales Price Median
$495,000 Median Days On Market
6
BARTON CREEK/ SOUTHWEST AUSTIN SINGLE FAMILY & CONDO Total Sales – YTD
295
Sales Price Average
$847,529 Sales Price Median
$572,000 Median Days On Market
11
BARTON HILLS/ZILKER
SINGLE FAMILY & CONDO Total Sales – YTD
171
Sales Price Average
$889,844 Sales Price Median
$750,000 Median Days On Market
23
CEDAR PARK
SINGLE FAMILY & CONDO Total Sales – YTD
793
Sales Price Average
$386,548 Sales Price Median
$367,500 Median Days On Market
7
CIRCLE C RANCH/OAK HILL
SINGLE FAMILY & CONDO Total Sales – YTD
414
Sales Price Average
$535,355 Sales Price Median
$510,000 Median Days On Market
4
DOWNTOWN
SINGLE FAMILY & CONDO Total Sales – YTD
194
Sales Price Average
$746,128 Sales Price Median
$538,750 Median Days On Market
41
DRIPPING SPRINGS/BEAR CREEK
SINGLE FAMILY & CONDO Total Sales – YTD
796
Sales Price Average
$555,254 Sales Price Median
$515,000 Median Days On Market
25
EAST AUSTIN
SINGLE FAMILY & CONDO Total Sales – YTD
567
Sales Price Average
$509,085 Sales Price Median
$470,000 Median Days On Market
11
GEORGETOWN EAST
SINGLE FAMILY & CONDO Total Sales – YTD
733
Sales Price Average
$302,937 Sales Price Median
$280,725 Median Days On Market
25
GEORGETOWN WEST
SINGLE FAMILY & CONDO Total Sales – YTD
1770
Sales Price Average
$394,489 Sales Price Median
$356,090 Median Days On Market
33
GREAT HILLS/JESTER/RIATA
SINGLE FAMILY & CONDO Total Sales – YTD
375
Sales Price Average
$530,404 Sales Price Median
$504,500 Median Days On Market
6
LAGO VISTA/JONESTOWN/ VOLENTE SINGLE FAMILY & CONDO Total Sales – YTD
602
Sales Price Average
$492,462 Sales Price Median
$374,250 Median Days On Market
47
LAKE AUSTIN WATERFRONT PROPERTIES
SINGLE FAMILY & CONDO Total Sales – YTD
33
Sales Price Average
$3,093,793 Sales Price Median
$3,070,000 Median Days On Market
97
LAKE TRAVIS NORTH WATERFRONT PROPERTIES
SINGLE FAMILY & CONDO Total Sales – YTD
61
Sales Price Average
$1,096,289 Sales Price Median
$975,000 Median Days On Market
117
LAKE TRAVIS SOUTH WATERFRONT PROPERTIES
SINGLE FAMILY & CONDO Total Sales – YTD
47
Sales Price Average
$2,426,200 Sales Price Median
$1,845,500 Median Days On Market
39
LAKEWAY/BEE CAVE
SINGLE FAMILY & CONDO Total Sales – YTD
1408
Sales Price Average
$789,747 Sales Price Median
$605,000 Median Days On Market
25
LEANDER
SINGLE FAMILY & CONDO Total Sales – YTD
2129
Sales Price Average
$362,195 Sales Price Median
$310,000 Median Days On Market
14
LIBERTY HILL
SINGLE FAMILY & CONDO Total Sales – YTD
503
Sales Price Average
$387,740 Sales Price Median
$315,000 Median Days On Market
41
LOST CREEK/ROB ROY/ SENNA HILLS SINGLE FAMILY & CONDO Total Sales – YTD
174
Sales Price Average
$1,344,865 Sales Price Median
$950,000 Median Days On Market
18
MUELLER/WINDSOR PARK
SINGLE FAMILY & CONDO Total Sales – YTD
438
Sales Price Average
$490,850 Sales Price Median
$450,000 Median Days On Market
6
NORTH CENTRAL AUSTIN
SINGLE FAMILY & CONDO Total Sales – YTD
270
Sales Price Average
$345,137
Sales Price Median
$348,500 Median Days On Market
5
NORTHEAST AUSTIN
SINGLE FAMILY & CONDO Total Sales – YTD
360
Sales Price Average
$296,119
Sales Price Median
$289,250 Median Days On Market
6
NORTHWEST AUSTIN/ ANDERSON MILL SINGLE FAMILY & CONDO Total Sales – YTD
488
Sales Price Average
$461,365 Sales Price Median
$398,000 Median Days On Market
6
NORTHWEST HILLS
SINGLE FAMILY & CONDO Total Sales – YTD
272
Sales Price Average
$734,896 Sales Price Median
$770,000 Median Days On Market
5
ONION CREEK/SOUTHEAST AUSTIN
SINGLE FAMILY & CONDO Total Sales – YTD
636
Sales Price Average
$316,056 Sales Price Median
$300,000 Median Days On Market
6
PFLUGERVILLE
SINGLE FAMILY & CONDO Total Sales – YTD
1536
Sales Price Average
$316,961
Sales Price Median
$307,000 Median Days On Market
7
RIVER PLACE/STEINER RANCH
SINGLE FAMILY & CONDO Total Sales – YTD
486
Sales Price Average
$816,226 Sales Price Median
$622,500 Median Days On Market
7
RIVERSIDE/MONTOPOLIS
SINGLE FAMILY & CONDO Total Sales – YTD
217
Sales Price Average
$362,895 Sales Price Median
$350,750 Median Days On Market
11
ROLLINGWOOD/WEST LAKE HILLS
SINGLE FAMILY & CONDO Total Sales – YTD
185
Sales Price Average
$1,654,164 Sales Price Median
$1,347,500 Median Days On Market
31
ROSEDALE/NORTH LOOP/ HYDE PARK SINGLE FAMILY & CONDO Total Sales – YTD
320
Sales Price Average
$646,785 Sales Price Median
$580,000 Median Days On Market
8
ROUND ROCK EAST
SINGLE FAMILY & CONDO Total Sales – YTD
1259
Sales Price Average
$331,747
Sales Price Median
$303,957 Median Days On Market
7
ROUND ROCK WEST
SINGLE FAMILY & CONDO Total Sales – YTD
817
Sales Price Average
$439,008 Sales Price Median
$401,000 Median Days On Market
4
SOUTH AUSTIN
SINGLE FAMILY & CONDO Total Sales – YTD
1431
Sales Price Average
$390,993 Sales Price Median
$365,000 Median Days On Market
5
SUNSET VALLEY/ SOUTH CONGRESS SINGLE FAMILY & CONDO Total Sales – YTD
484
Sales Price Average
$427,413 Sales Price Median
$396,000 Median Days On Market
6
TARRYTOWN/CLARKSVILLE
SINGLE FAMILY & CONDO Total Sales – YTD
302
Sales Price Average
$1,396,098 Sales Price Median
$1,087,500 Median Days On Market
31
TRAVIS HEIGHTS/SOUTH LAMAR
SINGLE FAMILY & CONDO Total Sales – YTD
465
Sales Price Average
$748,931 Sales Price Median
$645,000 Median Days On Market
20
UNIVERSITY OF TEXAS
SINGLE FAMILY & CONDO Total Sales – YTD
149
Sales Price Average
$327,159 Sales Price Median
$285,000 Median Days On Market
27
WELLS BRANCH/SCHOFIELD
SINGLE FAMILY & CONDO Total Sales – YTD
298
Sales Price Average
$381,634 Sales Price Median
$361,038 Median Days On Market
4
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
Troy Schlicker 512.809.6166 troy@reserverealty.com