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Avery Ranch
- 1/40 40
Open Sat 12PM-2PM$1,700,000
4 Beds3 Baths3,221 SqFt1075 Enchanted Oaks DR, Driftwood, TX 78619
Single Family Home
Listed by Moreland Properties
- 1/31 31
Open Sat 3PM-5PM$840,000
3 Beds2 Baths1,815 SqFt7300 Shoal Creek BLVD, Austin, TX 78757
Single Family Home
Listed by Compass RE Texas, LLC
- 1/40 40
Open Sun 1PM-3PM$675,000
3 Beds3 Baths2,723 SqFt1976 Headwaters BLVD, Dripping Springs, TX 78620
Single Family Home
Listed by Compass RE Texas, LLC
- 1/29 29
Open Sat 12PM-3PM$649,000
3 Beds2 Baths1,260 SqFt3703 Thompson ST, Austin, TX 78702
Single Family Home
Listed by Spyglass Realty
- 1/26 26
Open Sat 11AM-1PM$630,000
2 Beds3 Baths1,152 SqFt219 Lessin LN #10A, Austin, TX 78704
Single Family Home
Listed by Compass RE Texas, LLC
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Trumps Election Good For The Housing Market!
Trumps Election Good For The Housing Market!
Did Trump’s Election Boost the Housing Market? Examining Shifts in Consumer Confidence, Mortgage Rates, and Market Dynamics With Trump's election generating both optimism and debate, there’s a lot to unpack about how this outcome might influence the housing market. Could it actually lead to more affordable homes and increased consumer confidence, or are we still on shaky ground? Let’s dive into how recent economic shifts, rate adjustments, and market sentiment are shaping the real estate landscape. Bond Market and Interest Rates: How the Market Reacted Since the election, interest rates have fluctuated significantly. While initial reactions saw rates spike, they quickly settled and even dipped slightly, with current averages around 6.92%. This movement stems from bond market activity rather than just the Federal Reserve’s influence. Historically, mortgage rates closely follow the 10-year Treasury yield, not necessarily the Fed’s fund rate directly. So, what does this mean for homebuyers? As rates trend downward, albeit slowly, more buyers may re-enter the market, particularly if rates drop further in coming months. Lower rates have often led to increased homebuyer activity, as we saw in Austin, where recent rate drops prompted a surge in pending sales. Consumer Confidence: A Boost from New Market Sentiment Consumer confidence has been on the rise, reaching its highest point since early 2022, according to Fannie Mae’s Home Purchase Sentiment Index. In October, 20% of consumers felt it was a good time to buy, while 64% believed it was a good time to sell. This shift indicates that while high home prices remain a hurdle, more sellers might be encouraged to list, potentially balancing supply and demand. Market Predictions: The Role of Increased Inventory Entering the new year, we could see more listings as sellers regain confidence. This potential increase in inventory combined with slightly lower rates could bring some relief to buyers. However, high prices and interest rates are still influencing many potential buyers to wait, and elevated prices continue to make homeownership challenging. In Austin, where inventory has steadily increased, the market reflects both local nuances and the broader national trends. If rates continue to dip, the Austin area could experience a renewed wave of buyer activity. The Future of Fannie Mae and Freddie Mac: Will Trump Privatize? With Trump back in office, speculation is growing around the potential privatization of Fannie Mae and Freddie Mac. This shift could attract more private investment into the housing sector, as investors view this as a step toward a more market-driven mortgage system. Fannie Mae’s stock has already seen an uptick, reflecting investor confidence in this potential move. However, a fully privatized Fannie Mae would likely reshape the mortgage market, potentially creating both opportunities and challenges for buyers and lenders. The $25K Credit Debate: Affordability and Red Tape During the election, much was said about a proposed $25,000 credit for first-time homebuyers, aimed at helping low- and middle-income families afford homes. While some see this as a direct way to boost affordability, others, like many developers and local officials, argue that reducing red tape would be a more effective strategy. The City of Austin, for example, faces high development costs due to regulatory barriers, which get passed on to consumers. Many experts believe that encouraging builders by lowering these costs and streamlining permits could help bring down housing prices faster and more sustainably than subsidies alone. Austin’s Housing Market: What’s Ahead? The election and resulting economic shifts have certainly stirred the market, but we’re still left with big questions. Will Trump’s administration successfully implement a pro-housing agenda that addresses the nation’s housing supply issues? Could further rate adjustments finally make homeownership more accessible in Austin? And most importantly, will we see the market stabilize in 2024 as both buyers and sellers gain more confidence? If you’re thinking about buying, selling, or investing, keep an eye on these evolving dynamics. As always, reach out to us for the latest insights and guidance on navigating the Austin real estate market.
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NEW Never Seen Before Highland Homes Floor Plans: Parten Ranch Austin
NEW Never Seen Before Highland Homes Floor Plans: Parten Ranch Austin
Exploring Parten Ranch: A Premier Neighborhood Near Dripping Springs Nestled in a prime location just 20–25 minutes from downtown Austin, Parten Ranch is quickly becoming a sought-after neighborhood for families and homebuyers looking for quality schools, scenic surroundings, and spacious new-build homes. With Dripping Springs ISD schools, single-story floor plans, and reputable builders like Highland Homes and Perry Homes, Parten Ranch offers a fantastic blend of convenience, community, and investment potential. Here’s a closer look at what makes this area so special, as well as some insights into the latest floor plans, prices, and incentives for new homebuyers. Location & Amenities: A Community Perfect for Families Parten Ranch is ideally situated near Dripping Springs, making it an attractive choice for families who want access to top-rated schools without sacrificing proximity to Austin’s urban amenities. Dripping Springs ISD is a big draw, and many families, including several of our clients, have chosen this neighborhood specifically for its educational opportunities. Residents also enjoy a well-designed community with parks, pools, and outdoor recreation areas. During the warmer months, you’ll often see families and kids enjoying the neighborhood amenities—a true testament to the welcoming community atmosphere. One potential downside, however, is the tax rate of around 2.6%, which is relatively high. Although it has decreased recently, it’s worth noting for those factoring taxes into their long-term budget. New Construction Homes: Options for Every Buyer Parten Ranch offers a mix of lot sizes, including 65-foot, 75-foot, and 85-foot lots, providing a variety of options for buyers. With two reputable builders—Highland Homes and Perry Homes—there’s a strong focus on quality construction and functional layouts that cater to modern lifestyles. For example, the 85-foot lots feature spacious single-story homes, which many buyers prefer for ease of living and energy efficiency. These single-story plans maximize lot space, making them ideal for families who enjoy outdoor living. Popular Floor Plans: Verona and Varia The Verona and Varia floor plans are among the standout designs offered in Parten Ranch. The Verona Floor PlanThis four-bedroom, four-bath, single-story layout spans almost 2,400 square feet, with a starting price of $1.1 million. Designed for comfort and convenience, the Verona includes a spacious outdoor living area, a three-car garage, and an entertainment room. The layout is perfect for families who want everything on one level and enjoy outdoor gatherings. The Varia Floor PlanFor those seeking more space, the Varia is an impressive 4,400-square-foot, five- to six-bedroom home with five bathrooms and multiple half baths. Starting at $1.2 million, this layout offers a unique design with dual garages, a large kitchen, and plenty of space for entertaining. With its expansive layout and luxurious touches, the Varia is ideal for those who need room to grow or enjoy hosting guests. Pricing and Incentives While the base prices for these homes start at around $1.1 to $1.2 million, buyers should budget an additional $100,000 to $150,000 for upgrades, lot premiums, and customization options. Lot premiums typically range from $30,000 to $50,000, depending on the lot size and location. To make these homes more accessible, many builders in Parten Ranch are currently offering incentives, such as $22,000 towards interest rate buydowns and $40,000 in design credits. This can help buyers lower their monthly mortgage payments and personalize their homes to fit their style and needs. Construction Timelines If you’re interested in a custom-built home, expect a 10- to 12-month build time. However, for those wanting a quicker move-in, there are several spec homes currently under construction, with completion dates in early 2025. Why Choose Parten Ranch? With Highland Homes and Perry Homes as the primary builders, buyers can expect high-quality craftsmanship, thoughtful floor plans, and a focus on comfort. Parten Ranch’s proximity to Austin, combined with the appeal of Dripping Springs schools, makes it a top choice for families and professionals looking for the perfect balance of suburban peace and urban access. If you’re interested in learning more about Parten Ranch, or if you’d like to explore other neighborhoods in the Austin area, reach out to us at The Knight Group. We’re here to help you navigate your home-buying journey with ease and expertise.
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Austin Suburbs Prices Drop! Best Deals Here!
Austin Suburbs Prices Drop! Best Deals Here!
Austin Area Real Estate Market Update: September Trends & Opportunities With the month of September closed out, it’s time to dive into the latest real estate data for the Austin metro area. This month brought a variety of price shifts, pending sales changes, and unique opportunities for homebuyers across popular suburbs like Georgetown, Liberty Hill, Kyle, Buda, Dripping Springs, and more. If you’ve been waiting for the right time to make a move, it’s important to look at how rising interest rates are impacting prices and inventory. Let’s break down the numbers and see which areas might offer the best opportunities for buyers right now. Georgetown: Flat Prices, Rising Demand Georgetown remains a stable market, with the median sales price holding at $460,000 year-over-year. Despite the flat prices, pending sales are up 36.7%, showing a surge in buyer activity. Most of the recent sales are under $500K, making Georgetown a solid option if you’re looking to purchase soon. With rates fluctuating, more buyers could re-enter the market, so now might be a good time to explore this growing area. Liberty Hill: Prices Dropping, Opportunities Rising Liberty Hill saw a significant drop in median sales prices, down 15% to $435,000 compared to last year. If you’re searching for long-term value, Liberty Hill might be a good market to watch. However, pending sales are down 3.4%, and homes are closing at 92% of list price, suggesting the market is cooling. This could be a good opportunity for buyers looking for deals in a previously high-demand area. Kyle: Affordability in a Growing Suburb Kyle, one of Austin’s rapidly growing suburbs, saw its median price drop by 7.4% year-over-year to $350,000. Homes under 400K dominate the market, so it’s a great spot if you’re looking for affordability near Austin. Pending sales are up 3.9%, showing a rebound in buyer interest, with homes closing at 93.4% of list price—an encouraging sign for those hoping to strike a good deal. Buda: Inventory on the Rise, Prices Declining Buda, another popular suburb, saw a modest price decline of 3.8%, with the median home price now at $379,000. Inventory remains high, making it a buyer's market with 95% of list price being the average closing rate. While pendings haven't increased here, Buda’s proximity to Austin and convenient amenities make it worth considering, especially if you're targeting homes under $400,000. Dripping Springs: A Popular Choice with Growing Inventory Dripping Springs, known for its beautiful scenery and top-tier schools, has seen a 6.3% decline in median home prices, now down to $600,000. The market is showing positive signs, with pending sales up and homes spending fewer days on the market. If you're looking for a high-quality lifestyle outside of Austin, now might be the right time to buy in Dripping Springs as more affordable homes are hitting the market. Pflugerville: Price Stability, Lower Demand Pflugerville has maintained relative price stability, with a slight decline of 5%, bringing the median price to $400,000. This area offers great schools and proximity to downtown Austin, though pending sales are down 22%. However, with plenty of inventory under $500K, it could still be a good opportunity for buyers searching in this part of the metro area. Cedar Park: Steady Growth in a Hot Market Cedar Park continues to be a desirable location, with a 2.1% increase in median prices year-over-year to $470,000. Although prices are still below the 2022 peak, pending sales are up 30%, indicating strong buyer interest. Cedar Park's location and amenities, combined with its relatively stable prices, make it one of the more appealing markets in the Austin metro. Round Rock: Consistent Performance, Buyer Opportunities Round Rock remains one of the core markets within the Austin MSA, with prices down 2.3% year-over-year to $420,000. The area offers a lot of homes under 400K, making it a solid choice for budget-conscious buyers. With 39 days on market, homes here are selling steadily, and pending sales are up, making it a good time to explore Round Rock if you're in the market. Leander: A Growing Suburb with Rising Prices Leander continues to attract buyers thanks to its top-rated schools and newer developments. The median price in Leander sits at $500,000, up 5.3% from last year. With plenty of options, particularly in the Crystal Falls area, pending sales are up 99.3%, showing a lot of buyer activity. If you’re looking for a growing community with solid amenities, Leander could be the right fit for you. Hutto: Development Boom and Affordable Prices Hutto has been a hub of new development, attracting both residential and commercial growth. The median price is $385,000, up 2.7%, making it one of the more affordable options in the metro area. However, pending sales are down 52%, indicating a potential cooling off. With new businesses moving in, Hutto remains a promising area for future growth. If you're thinking about buying or selling in the Austin area, now is a great time to evaluate your options. The market is seeing shifts in both prices and inventory, creating opportunities for savvy buyers. As always, feel free to reach out if you need personalized insights or are ready to make your move in the Austin real estate market!
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