Austin Tx Market Opportunity

[Alia Liu]

Moving to Austin soon. New to the real estate market. Wondering if Austin market is still a buy or should I wait for the market to calm down a bit? I have been looking at the whisper valley community area. Anyone is familiar with the new development there?

[Cory S.]

The Austin market is not going to slow down anytime soon, so waiting it out is not an option. 

AUSTIN, TEXAS MARKET

* Low Inventory (Little supply, high demand)

* Sellers Market

* Average Housing Price over $320K (Expect prices to continue to climb in 2021 due to low inventory) (Median price has increased over 14% in the last year) About $400K inside the Austin city limits.

* High Property Taxes

* Multi-offers, be prepared to offer way over asking price

* Low to Negative Cashflow

* Great Appreciation

If you've got the funding and resources for this market, go for it.