SEED Q2 2021 Market Report

TEX AS

Austin Market Report Q2 2021

Austin Market Overview

Austin sets housing records as the city experiences immense growth. Homes across the Austin area continue to sell at an unprecedented pace for record-breaking prices in the second quarter of 2021, despite a historically low level of inventory. Compass agents are experts on the intricacies of Austin and its surrounding areas. The importance of being guided by an agent with deep market knowledge and expertise on every street, neighborhood, and community is more essential now than ever before.

TABLE OF CONTENTS

6 8

BARTON CREEK BARTON HI LLS DOWNTOWN DRIPPING SPRINGS GEORGETOWN

10 12 14 16 18 20 22 24 26 28 30 32 34

EAST AUSTIN LAKE TRAVI S LEANDER – CEDAR PARK MUELLER NORTH CENTRAL AUSTIN NORTHWEST HI LLS

PFLUGERVI LLE ROUND ROCK

TRAVI S HE IGHTS WEST LAKE HI LLS

Barton Creek

Located in the rolling hills of West Austin, Barton Creek is one of Austin’s largest and oldest neighborhoods. Just 20 minutes from downtown, the exclusive neighborhood offers picturesque views, spacious homes, and is surrounded by two of Austin’s most popular parks.

BARTON CREEK

16 Q2 2020 Number of Sales

29 Q2 2021 Number of Sales

+81% Percent change

$0.86M Q2 2020 Median Close Price

$1.63M Q2 2021 Median Close Price

+88% Percent change

65 Q2 2020 Average Days to Sell

38 Q2 2021 Average Days to Sell

-42% Percent change

Barton Hills

An established, but ever-changing neighborhood in the heart of the action. Considered the epicenter of cool, this South Austin neighborhood benefits from its proximity to oodles of cool shops and hot restaurants (many along nearby South Lamar), a spectacular string of trails and refreshing waterways, and easy access to downtown.

BARTON HILLS

43 Q2 2020 Number of Sales

92 Q2 2021 Number of Sales

+114% Percent change

$573K Q2 2020 Median Close Price

$700K Q2 2021 Median Close Price

+22% Percent change

31 Q2 2020 Average Days to Sell

25 Q2 2021 Average Days to Sell

-19% Percent change

Downtown

Where Austin’s dynamic past and sky’s- the-limit future converge. It’s no wonder that an increasing number of residents are so drawn to the city’s energetic hub. Downtown is dotted with historic reminders of the enterprising frontier town Austin once was (see the built-for-a-cattle-baron Driskill Hotel) and is abuzz with the creative energy of the start-ups and tech companies that have been relocating here.

DOWNTOWN

51 Q2 2020 Number of Sales

146 Q2 2021 Number of Sales

+186% Percent change

$590K Q2 2020 Median Close Price

$705K Q2 2021 Median Close Price

+19% Percent change

70 Q2 2020 Average Days to Sell

59 Q2 2021 Average Days to Sell

-16% Percent change

Dripping Springs

Often noted as the gateway to the Texas Hill Country, Dripping Springs features rolling hills and plenty of space to spread out. Dripping Springs is home to many excellent parks and recreation areas, as well as award-winning wineries and the Deep Eddy Distillery.

DRIPPING SPRINGS

153 Q2 2020 Number of Sales

163 Q2 2021 Number of Sales

+7% Percent change

$460K Q2 2020 Median Close Price

$704K Q2 2021 Median Close Price

+53% Percent change

77 Q2 2020 Average Days to Sell

21 Q2 2021 Average Days to Sell

-73% Percent change

Georgetown

Located 30 miles north of downtown Austin, Georgetown is the perfect choice for those who want some distance from big city life in a more traditional, suburban city. Georgetown is best known for its charming Main Street Historic District and being home to Southwestern University, Texas’ oldest university.

GEORGETOWN

801 Q2 2020 Number of Sales

1,009 Q2 2021 Number of Sales

+26% Percent change

$300K Q2 2020 Median Close Price

$429K Q2 2021 Median Close Price

+43% Percent change

67 Q2 2020 Average Days to Sell

13 Q2 2021 Average Days to Sell

-81% Percent change

East Austin

Often noted as the fastest growing neighborhood in Austin, the eclectic and trendy eastside area has a new, robust restaurant scene and has become a popular home choice for many Austinites. East Austin is often referred to as an “authentic” view of Austin, due to its unique vibe and culture.

EAST AUSTIN

306 Q2 2020 Number of Sales

434 Q2 2021 Number of Sales

+42% Percent change

$452K Q2 2020 Median Close Price

$595K Q2 2021 Median Close Price

+32% Percent change

24 Q2 2020 Average Days to Sell

19 Q2 2021 Average Days to Sell

-21% Percent change

Lake Travis

Just 15 miles northwest of downtown Austin sits some of the area’s most scenic and luxurious neighborhoods. The Lake Travis neighborhoods are considered those bordering the Colorado River as it widens into a lake, and they become highly sought- after havens for those seeking an escape from the hustle and bustle of the city.

LAKE TRAVIS

650 Q2 2020 Number of Sales

778 Q2 2021 Number of Sales

+20% Percent change

$499K Q2 2020 Median Close Price

$695K Q2 2021 Median Close Price

+39% Percent change

72 Q2 2020 Average Days to Sell

16 Q2 2021 Average Days to Sell

-78% Percent change

Leander & Cedar Park

The once quiet towns of Leander and Cedar Park have become two of the hottest Austin suburbs to buy a home in recent years. Both towns boast all of the advantages of being close to city attractions and jobs, while offering their residents a small-town lifestyle

LEANDER & CEDAR PARK

967 Q2 2020 Number of Sales

1,278 Q2 2021 Number of Sales

+32% Percent change

$322K Q2 2020 Median Close Price

$470K Q2 2021 Median Close Price

+46% Percent change

37 Q2 2020 Average Days to Sell

10 Q2 2021 Average Days to Sell

-73% Percent change

Mueller

A master-planned utopia for those who seek peak livability. Dreamed up as a New Urbanist village with more than 6,200 homes, Mueller is still expanding, adding new residents, restaurants, and retailers every week. As it keeps growing, Mueller’s mixed-use community continues to be the epitome of thoughtful, sustainable urban design.

MUELLER

21 Q2 2020 Number of Sales

37 Q2 2021 Number of Sales

+76% Percent change

$631K Q2 2020 Median Close Price

$868K Q2 2021 Median Close Price

+38% Percent change

7 Q2 2020 Average Days to Sell

12 Q2 2021 Average Days to Sell

+71% Percent change

North Central Austin

With its eclectic mix of smaller neighborhoods, North Central Austin offers easy access to the city's core, the University of Texas, and Downtown. The more traditional neighborhood of North Central Austin, with its tree-lined streets and suburban feel, has some beautiful pocket neighborhoods that are tucked away from the busy streets of the city.

NORTH CENTRAL AUSTIN

195 Q2 2020 Number of Sales

395 Q2 2021 Number of Sales

+103% Percent change

$545K Q2 2020 Median Close Price

$575K Q2 2021 Median Close Price

+6% Percent change

18 Q2 2020 Average Days to Sell

31 Q2 2021 Average Days to Sell

+72% Percent change

Northwest Hills

A serene, mostly residential haven worth the short commute. The dozens of subdivisions and micro neighborhoods tucked into the limestone mesas and glens between Mopac and Lake Austin sprang up between the fifties and the eighties, solidifying this neighborhood as a commuter’s paradise. With breathtaking panoramas and peaceful green spaces, it has become a densely populated residential refuge.

NORTHWEST HILLS

109 Q2 2020 Number of Sales

126 Q2 2021 Number of Sales

+16% Percent change

$703K Q2 2020 Median Close Price

$784K Q2 2021 Median Close Price

+12% Percent change

15 Q2 2020 Average Days to Sell

8 Q2 2021 Average Days to Sell

-47% Percent change

Pflugerville

Located between Austin and Round Rock, the German community of Pflugerville is now one of the fastest growing areas in Central Texas. The city celebrates its claim to fame as the filming site for the popular TV show, Friday Night Lights.

PFLUGERVILLE

473 Q2 2020 Number of Sales

555 Q2 2021 Number of Sales

+17% Percent change

$290K Q2 2020 Median Close Price

$427K Q2 2021 Median Close Price

+47% Percent change

28 Q2 2020 Average Days to Sell

7 Q2 2021 Average Days to Sell

-75% Percent change

Round Rock

Round Rock is home to the international HQ of Dell Technologies, which has changed the city from an Austin bedroom community to a suburban utopia showcasing the best of Texas hospitality.

ROUND ROCK

716 Q2 2020 Number of Sales

874 Q2 2021 Number of Sales

+22% Percent change

$315K Q2 2020 Median Close Price

$460K Q2 2021 Median Close Price

+46% Percent change

31 Q2 2020 Average Days to Sell

8 Q2 2021 Average Days to Sell

-74% Percent change

Travis Heights, SoCo, Bouldin

An elegant, advantageously located homebase. Fashioned after the “garden suburbs” popular during the City Beautiful Movement, Travis Heights has always benefited from its close proximity to downtown and to now-bustling I-35. But this elegant respite has never absorbed the hectic pace of life just beyond its comfortable borders.

TRAVIS HEIGHTS, SOCO, BOULDIN

123 Q2 2020 Number of Sales

176 Q2 2021 Number of Sales

+43% Percent change

$615K Q2 2020 Median Close Price

$818K Q2 2021 Median Close Price

+33% Percent change

28 Q2 2020 Average Days to Sell

25 Q2 2021 Average Days to Sell

-11% Percent change

West Lake Hills

Incorporated as an independent suburb in 1953, West Lake Hills, with its hilly terrain and tranquil residential streets, only feels far-flung from Austin’s bustling core. A mere six miles west of downtown, this family-friendly pocket is a sought-after community.

WEST LAKE HILLS

76 Q2 2020 Number of Sales

103 Q2 2021 Number of Sales

+36% Percent change

$1.17M Q2 2020 Median Close Price

$1.70M Q2 2021 Median Close Price

+45% Percent change

42 Q2 2020 Average Days to Sell

22 Q2 2020 Average Days to Sell

-48% Percent change

SEED Property Group (512) 368-9990 hello@seedpropertygroup.com

Source: ABOR, MLS, ACTRIS Data shown represents Residential Listings

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity.

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36

Made with FlippingBook Ebook Creator