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December Home Sales
If you’re thinking about moving to Austin Texas and want to know the most important information about today’s real estate market, then you’ll be glad you tuned in today because we’re going to review December Sold data and the Austin Sold Price Appreciation Map which will show you by zip code how our home values are soaring vs a year ago. Now, if you’re living in Austin Texas already, there’s good news if you’re thinking about moving.
2021 finished incredibly strong with total # of home sales slightly down (and up +8.83% over 2019). With Appreciation numbers in the 20-30% range.
- Total Sales are down -8% in the Metro and -13.94% in the City
- Avg Sold Price in the Metro was the highest of 2021 at $603,999
- Avg Sold Price in the City was the 3rd highest of the year at $748,241
- Time to Sell A Home was 8 days in the Metro and 10 days in the City
|5-County Metro Area||12-2020||12-2021||% Change|
|Avg Sold Price||$485,433||$603,999||24.42%|
|Median Sold Price||$367,000||$475,981||29.70%|
|Avg Sold $/SF||$227.57||$294.37||29.35%|
|Median Sold Price/SF||$185.57||$249.38||34.39%|
|Median Days on Market||8||8||0.00%|
|City of Austin||12-2020||12-2021||% Change|
|Avg Sold Price||$632,885||$748,241||18.23%|
|Median Sold Price||$477,251||$570,000||19.43%|
|Avg Sold $/SF||$311.12||$384.90||23.71%|
|Median Sold Price/SF||$269.88||$335.55||24.33%|
|Median Days on Market||8||10||25.00%|
What Does The Data Mean?
As mentioned earlier, December 2021 Sold volume is down vs Dec 2020 which was the start of the market rally. December 2021 is up vs December 2019 which some may recount as our days of “normalcy”…Funny word. As of right now, I, along with many of my colleagues around the globe anticipate that 2022 will continue to see an upward trend in prices with a continued demand. It will remain fast-paced and that’s why having a solid plan before buying and selling property is going to be key. You’re either playing checkers or your playing chess. But either way, you want a strategy to navigate unprecedented market demand.
With new jobs across the region from worldwide global players like Apple, Samsung, Tesla, Google, Austin is on the world’s center stage. We are the Silicon Valley of the South. And, if you’re seeking to live your best life while working from home or with minimal commute times all while having your dollar go further than it does in other states like California or New York or Colorado or Florida, than Austin may be that next place to call home.
And, if you live here now, then looking at the Median Sold Price Appreciation Map, you’ll see that below.
- 15 zip codes saw a 40-50% appreciation
- 16 zip codes saw a 35-40% appreciation
- 31 zip codes saw a 35=50% appreciation (almost ⅓)
- 11 zip codes saw a 30-35% appreciation
If You’re A Buyer:
There are great opportunities to find your next home for every budget when you work with an expert. While the Multiple Listing Service is our biggest source of finding homes for our Buyers, it’s relationships with other professionals that can make the difference in finding and negotiating the purchase of a home. The pulse here is that 2022 will continue to see a record number of homes for sale as job creation and expansion continues. Supply will not meet the demand as builders can’t build fast enough. The global supply chain will continue to affect us all. Home prices will continue to rise steadily. 2022 will be a robust market for home sales and property value increases.
If You’re A Seller:
If you are remotely thinking about selling, I love helping people make sense of the Austin housing market especially as it relates to specific neighborhoods and streets … because real estate is hyper-local! And, it is personal. And, I’m available for a confidential home evaluation if you wish. You can share your P&L with friends and family after you move if you want. I keep people’s personal business private.
I am a numbers geek so for those of you who hate numbers, know that I barely passed algebra and had a calculus tutor, so trust me… I can go deeper but what’s the point? At the end of the day, finding you that place to call home and negotiating the best possible terms is how I help you make your home dreams come true.
Always bear in mind that real estate is hyperlocal and hyper-situational so please reach out to us if you have questions over your specific market or situation.
If you haven’t checked out my YouTube Channel, I encourage you to do so, especially if you are interested in living in Austin, Texas. I’ll be covering the different neighborhoods, and introducing you to exceptional professionals and places that will make working, playing, loving and Living In Austin Texas that much sweeter. If you have any questions or comments, please feel free to give us a call or shoot us a text or email. I’d love to help you out.