The Robert J Fischer Team Blog

You may have just been looking for fun things to do in Round Rock or Austin because you’re new in town, or you may have actually been looking for real estate updates. Regardless, we’re glad you have come to our blog and hope that these help you along the way as a buyer, a seller, a realtor professional, or just someone looking for some fun in the city!

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Central Texas Housing Market Ends Quarter with Strong Sales

AUSTIN, TX–The Austin housing market continues to show increased demand, with double-digit percent increases in sales in March 2018 according to the Austin Board of REALTORS® (ABoR). The Austin-Round Rock Metropolitan Statistical Area (MSA) experienced a 10.5 percent increase in sales compared to the same time last year, the March 2018 Central Texas Housing Market Report found.

“Last month, 2,714 single-family homes were sold in the five-county Central Texas region, which is more sales than any March we’ve seen on record,” Steve Crorey, 2018 president of the Austin Board of REALTORS®, said. “This type of growth early in the year indicates a strong summer selling season ahead. Those who are interested in buying or selling a home this summer should seek out the services of a REALTOR®.”

In the Austin-Round Rock MSA, the median price of single-family homes increased 3.5 percent to $305,233. Housing inventory levels decreased 0.2 months from March 2017 to 2.2 months of inventory.

“Historically, it’s common for some homes to be on the market for 50 days or more, even in markets with strong housing demand,” Crorey, said. “Within the city of Austin and other local markets with limited inventory, homes are spending a fraction of time on the market—as little as two weeks in some areas. This is an indicator of just how competitive it’s become to purchase a home in and around Austin.”

In the Austin-Round Rock MSA, homes priced between $150,000-$250,000 stayed on the market less than 50 days on average. In the city of Austin, single-family homes in this price range spent, on average, between 27-35 days on the market in March 2018 due to the critically low supply of homes within Austin.

“Demand for homes priced below $250,000 is driving the emergence of new submarkets like Manor and Del Valle, where builders can construct homes at a lower cost,” Vaike O’Grady, Austin regional director for Metrostudy, said. “We’re also seeing creative land plans that provide common area open space to offset smaller lot and home sizes. Attached single-family homes are also coming to the market to meet buyer demand for more affordable housing.”

City of Austin

In the city of Austin, single-family homes spent an average of 46 days on the market, or five fewer days than March 2017. Single-family home sales increased 8.5 percent from March 2017 to 831 sales. The median price for single-family homes remained flat in March, with a 0.1 percent year-over-year increase. Housing inventory decreased from 1.7 months of inventory in March 2017 to 1.5 months of inventory this year.

Travis County

In March, single-family home sales in Travis County increased 12.8 percent year-over-year to 1,388 sales. The median price for single-family homes in Travis County grew 1.4 percent year-over-year to $355,000 in March. Housing inventory decreased by 0.2 months from the previous March to 2.1 months of inventory.

Single-family home sales increased in Manor to 41 home sales, while the median price increased 6.5 percent year-over-year to $195,900. In Pflugerville, sales decreased 17 percent to 83 home sales, while median price of single-family homes increased 6.8 percent to $251,500.

Williamson County

Williamson County experienced a 9.1 percent increase in sales volume year-over-year to 915 home sales. During the same time frame, the median price for single-family homes increased 4.6 percent to $277,383. Inventory of single-family homes in Williamson County decreased slightly from last year’s 2.3 months of inventory to 2.2 months of inventory in March 2018.

In Leander, March sales jumped 33 percent to 125 sales, while the median price of single-family homes increased 22 percent year-over-year to $297,500. Cedar Park experienced opposite results: March sales volume decreased 28.8 percent to 84 sales. The median price of Cedar Park homes increased 8.1 percent year-over-year to $319,000. Round Rock experienced a subtle bump in sales from last March—2.5 percent—to 167 sales, while median home price increased 7 percent to $259,000.

Hays County

March sales in Hays County increased 2.8 percent to 293 home sales compared to the previous year, with a similar annual increase in the median home price—2 percent—to $260,000. Inventory of single-family homes in Hays County remained unchanged at 2.6 months of inventory from the previous March.

Sales in Buda decreased 35.1 percent year-over-year to 24 sales, but the median home price increased 7.4 percent to $280,000.

“So far, Buda’s sales are lower this year due to a lack of supply of new homes,” O’Grady, said. “Shoppers are moving farther from Austin in search of affordable homes, which is driving sales in Kyle.”

Kyle experienced a significant increase in sales—a 19.7 percent increase to 85 sales—compared to the previous March. The median price increased 8.4 percent to $225,000.

Information courtesy of: Austin Board of REALTORS®

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Coming Soon: 1616 Suzi Lane, Pflugerville, TX 78660

1616 Suzi Lane, Pflugerville, TX 78660

North Park Home for Sale!

Estimated List Price: $245K
3 Bedrooms |2 Baths |1 Story

We will soon be listing this beautiful 1 story home at 1616 Suzi Lane in the North Park neighborhood of West Pflugerville on a spacious corner lot! This 2,560 square foot home has a 3 bedroom and 2 bath floor plan with an open kitchen, a spacious living room, and formal living and dining rooms. The home has convenient and practical upgrades, including recent new carpet, fresh paint, water softener, and a new A/C system in 2017, so you won’t have to worry about any big ticket utility purchases in the near future. Enjoy the luxury of added upgrades that include 18 x 18 tile throughout the main areas, stainless steel appliances, new kitchen faucet and a jetted tub and separate shower in the master bath.  Outside, you’ll find an extended covered patio, perfect for enjoying beautiful Texas days. Contact us today to see this one before it’s listed!

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Coming Soon: 4005 Chancery Court, Round Rock, TX 78681

 

4005 Chancery Court, Round Rock, TX 78681

Mayfield Ranch Home for Sale!

Estimated List Price: $340K
4 Bedrooms | 2 Baths | 1 Story

Don’t miss this large 2,564 square foot, 1 story, 4 bedroom, 2 bathroom home on a cul-de-sac in the highly-desired Mayfield Ranch neighborhood! This elegant home has had meticulous care with numerous updates and finishes. Highlights include new laminate flooring in the den and master bedroom, tile entry, custom 8 foot entry door, upgraded blinds, and more! Entertain easily with a formal dining room and an open living and kitchen area.  Grand Kitchen has stylish black appliances, 42 inch cabinets and a built-in desk.  Enjoy outdoor space with a spacious yard with sprinkler system and all-around gutters. Extras include a new garage door and a water softener system that conveys. Be sure to see this one before it goes on the market!

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Coming Soon: 108 Rhinestone Cove, Liberty Hill, TX, 78642

 

108 Rhinestone Cove, Liberty Hill, TX, 78642

Stonewall Ranch Home for Sale: Not Yet on the Market!

Estimated List Price: $279,000

3 Bedrooms (4th Bed or Study) | 3 Baths | 1 Story

The RJF Team cannot wait to offer this lovingly maintained and ADA compliant single-story home in Liberty Hill! With 2,215 square feet, 3 bedrooms and 3 full bathrooms, a formal dining, plus an additional room that can be a 4th bedroom or used as an office, this home gives you great flexible options to customize your space to suit your needs. Designer touches are located throughout the home and include elegant domed entry, 12 to 13 foot ceilings throughout with crown molding in several rooms, a custom front door, and surround sound with custom pre-wiring throughout the home and a control panel in the master bedroom.

You will love the open kitchen with a built-in buffet, stainless steel appliances, Knotty Alder 42 inch cabinets, granite counter tops, and a built-in trash drawer, great features for entertaining and everyday family living. The elegant family area has a cozy wood burning fire place and new carpet!

Luxuriate in high-end bath areas with Knotty Alder cabinets, upgraded double vanities, jetted tub, marble counter tops and tray ceilings. Other extras in the home include 2 water heaters (1 is new), water softener with whole house filtration, alarm system, and a laundry room with a built-in folding table.

Outdoor entertaining is complete with a grand 15×20 backyard pergola and a deck, pre-wired with outlets. The beautiful yard is equipped with a 7-zone full sprinkler system.

This home is affordably priced and is located near several of Liberty Hill’s major roads, like Highway 183, allowing you an easy commute to Cedar Park, Austin, Georgetown and Round Rock. Let us help you see this home before it hits the market.

 

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Coming Soon: 802 Mitchell Drive, Hutto, TX 78634

802 Mitchell Drive, Hutto, TX 78634

Coming Soon:  Glenwood Home!

Estimated List Price: $210K – $215K
3 Bedrooms | 2 Baths | 1 Story

The RJF Team will be listing this well taken care of home in Hutto very soon. It offers 1,530 sq ft in a traditional single story floor plan with 3 bedrooms and 2 full bathrooms.  The house features nice extras throughout, including granite counters in the bright kitchen! Relax in the spacious master suite with a double vanity and a separate garden tub and shower.  This move-in ready home is already plumbed for a soft water system and includes an automatic garage door opener.  The location is fantastic, just minutes from Highway 79 and Toll Road 130, and close to Hutto High School and Hutto Middle School. For recreation, several parks are nearby, like the Glenwood Splash Pad and Creekside Park. This property won’t last long on the market at this price!

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