Welcome to Crider Realty's blog for real estate in Austin. In this article, we will provide an update on the current state of the Austin real estate market, as well as offer tips for buying and selling homes in Austin and investing in real estate in this vibrant city. As a leading real estate agency in Austin, Crider Realty has extensive experience and expertise in the local market.

The Current State of the Austin Real Estate Market:

The Austin real estate market has been experiencing high demand and low inventory for several years now, making it a competitive market for buyers. However, the COVID-19 pandemic has caused some shifts in the market. In 2020, the market slowed down slightly due to the uncertainty caused by the pandemic. However, it quickly rebounded, and 2021 has seen record-breaking numbers for home sales in Austin.

According to the Austin Board of Realtors, in January 2021, the median home price in Austin was $425,000, which is a 19.7% increase compared to the previous year. Additionally, the number of home sales in Austin increased by 23.7% in January 2021 compared to January 2020. These numbers indicate that the demand for homes in Austin is still very high.

Tips for Buying a Home in Austin:

Buying a home in Austin can be a challenging process due to the competitive market. However, there are some things you can do to increase your chances of finding and purchasing your dream home.

  1. Get Pre-Approved for a Mortgage: Getting pre-approved for a mortgage will help you understand how much home you can afford and will also show sellers that you are serious about buying.

  2. Work with a Real Estate Agent: A local real estate agent who is familiar with the Austin market can help you find the right home and negotiate the best deal.

  3. Be Flexible: In a competitive market, it is essential to be flexible with your search criteria. Be open to different neighborhoods or home styles to increase your options.

Best Neighborhoods in Austin for Families:

Austin is a great city for families, with excellent schools, parks, and amenities. Here are some of the best neighborhoods for families in Austin:

  1. Circle C Ranch: Located in Southwest Austin, Circle C Ranch has excellent schools and amenities, including a community center, pool, and playgrounds.

  2. Steiner Ranch: Situated in Northwest Austin, Steiner Ranch has beautiful views of Lake Travis and offers access to a community center, pool, and hiking trails.

  3. Avery Ranch: Located in North Austin, Avery Ranch has several parks and trails and is known for its excellent schools.

Sell Your Home Quickly in Austin:

Selling your home in Austin can be a fast process, but it requires some effort on your part to prepare your home for sale and market it effectively. Here are some tips for selling your home quickly in Austin:

  1. Stage Your Home: Staging your home can help potential buyers visualize themselves living there and can increase your chances of a quick sale.

  2. Price Your Home Competitively: Pricing your home competitively from the start can help generate interest and offers from buyers.

  3. Work with a Real Estate Agent: A local real estate agent who is familiar with the Austin market can help you market your home effectively and negotiate the best deal.

Investing in Real Estate in Austin:

Investing in real estate in Austin can be a smart move due to the high demand for homes in the area. If you are considering investing in real estate in Austin, here are some tips to help you get started:

  1. Research the Market: Before investing, it is essential to research the market trends and current conditions. Look for areas with high demand and low inventory, as well as areas that are experiencing growth and development.

  2. Consider Different Types of Properties: There are several types of properties you can invest in, including single-family homes, multi-family properties, and commercial properties. Each type of property has its advantages and disadvantages, so it's important to consider which type of investment aligns with your goals.

  3. Hire a Property Manager: If you are investing in rental properties, consider hiring a property manager to handle the day-to-day management of the property. A good property manager can save you time and stress while ensuring your investment is profitable.

The Austin real estate market is a dynamic and exciting market that offers many opportunities for buyers, sellers, and investors. At Crider Realty, we are dedicated to helping our clients navigate this market with confidence and ease. Whether you are buying or selling a home or considering investing in real estate in Austin, our team of experienced agents is here to help. Contact us today to learn more about our services and how we can assist you in achieving your real estate goals in Austin.

Posted by Havilah Crider on


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