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Month

March 2018

Pocket Neighborhood Homes

Trust Austin to come up with a new neighborhood concept…or should I say Kyle….but buyers for Austin and nearby towns are flocking to this little neighborhood concept.

Bigelow Homes is building a beautiful product and utilizing a great way to keep homeowner crime down while allowing owners to know their neighbors and have a beautiful place to sip coffee in the mornings or enjoy cocktails in the evening….a pocket neighborhood.  What is it?  It’s housing surrounded by trails, parks, lakes and a preserve…..15 private neighborhood parks when they are completed.  Each of the small, pocket parks will be surrounded by 12 to 20 homes…each with front porches and rear entry garages.  Perfect for spending much of your outdoor time on the front porch or garden patio enjoying the view and meeting neighbors.  It’s kind of like living on a cul-de-sac without the cars!  Each home still has it’s own private yard….but I bet most folks will take advantage of the beautiful front porch.

Along with this new concept….the builder guarantee’s your cooling cost to be under $400 a year for the first three years of homeownership.  How do they do this when a house (like shown) is over 1800 square feet?  New energy efficient HVAC systems, well insulated walls and windows…just a few reasons why you might just be able to afford a new home when you factor in that your cooling and heating bills might be over $400 in  two months in an older home.

We’ve got a seller being relocated to San Antonio….so if you’re in the market for a home near Austin….give us a call at 210-273-6161.   It’s a dollhouse and was recently completed in July of 2017….almost brand new and ready for a new owner.

San Antonio Housing Bubble?

Mention the words “housing bubble,” and what might come to mind are Dallas or Austin. But a report released from National Mortgage News indicated that home prices in the San Antonio-New Braunfels Metropolitan Statistical Area (MSA) were at all-time highs, while wages are remaining flat. The combination of high home prices and non-moving wages can create a housing bubble.
National Mortgage News noted that the price-wage growth gap for the region was 14%, with an affordability index of 77. Meanwhile, data from the San Antonio Board of Realtors found the median home sales price was $214,300, a record high.
Economists paint another story. Lawrence Yun with the National Association of Realtors said San Antonio home sales are 30% below than when the market crashed in 2008, meaning no bubble. And Jim Gaines with the Texas A&M Real Estate Center indicated that the metro continued to gain jobs.

Per:  February 2018 Issue Real Estate Center at Texas A&M University

Virtual Staging

Photos are everything……since we are all looking online before we go out to see a house we might consider purchasing.

Lots of buyers can’t vision how or where to place their furniture…..and some sellers don’t want the drama or time involved in actually adding furniture to their empty homes they hope will sell quickly.

Virtual staging allows buyers to see where they will place their furniture and gives them ideas on how to decorate for their purchase.

I LOVE the before and after….what are your thoughts?

2017 Average Sales Price

Last year the average sales price was $249,000 for homes sold/listed with a  Realtor.

The average price was $210,000 for homes sold by an owner without a Realtor.

The average price was $151,900 if the buyer and seller knew each other and didn’t have a Realtor.

Let’s hope that the $151,900 folks at least were related.

 

Information for this blog is from Inside Sales Predictability 2.17.2018 Michael Reese.

 

 

 

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