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Updated about 4 years ago on . Most recent reply

Joseph Villasenor's profile image
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Joseph Villasenor
  • Member since Feb 23, 2021
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Joseph Villasenor's profile image
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Joseph Villasenor
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Joseph Villasenor
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Buying & Selling Real Estate

AustinTX Real Estate Market and how Investors handle the Climate?

Joseph Villasenor
Posted

Hello all, curious if any investors are vetted in the Austin housing market and some general insight to their approach?

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Ryan Kelly's profile image
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Ryan Kelly
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  • from Austin, TX
  • Member since Sep 6, 2018
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Ryan Kelly's profile image
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Ryan Kelly
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  • from Austin, TX
  • Member since Sep 6, 2018
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Ryan Kelly
  • Real Estate Broker
  • Austin, TX
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Ryan Kelly
  • Real Estate Broker
  • Austin, TX
Replied

@Joseph Villasenor and @Jordan Moorhead have said, Austin is hyper-competitive at this time with record-low inventory. Even "off-market" properties tend to have strong competition and multiple offers. Homes are currently selling 25% higher on average than they did 12 months ago, so massive appreciation. The term "deal" will completely depend on your goals and long-term plans with the property. 

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