There are many great Austin area homes for sale. Click here to perform a full home search, or if you’re thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today’s market. You may also call me at (512) 616-4100 for a FREE home buying or selling consultation to answer any of your real estate questions.

Is Now a Good Time to Invest in Austin Real Estate?

We get a lot people interested in investment property; we also encourage our clients buy an investment property for each and every one of their children after they are born. This could be in the form of a home that they could pay off or a house that pays off their college education. In this market, you are able to obtain a good deal on investments, even if it does sound counterintuitive.

Two years of appreciating home sales have resulted in a seller’s market where homes are selling very quickly for top dollar. If you look at the statistics closely, home prices in the Austin area are still at bargain levels and are still below the long-term trends of appreciation and predicted price levels. It is also worth noting that there is a great deal of pressure on renters to find rental properties.

Although there are apartment buildings being constructed, we are still behind the curve since there hasn’t been significant construction in the past ten years. Apartments have very low vacancy rates of less than 4% and some areas are seeing rates of less than 1%! The upward pressure in on rental properties has brought $200-300/month in appreciation in monthly rent and some properties are even selling for $1 a square foot. That is amazing!

Interest rates are also at a record low and still hovering around 4%. When you take the “magic three” of record low interest rates, pricing below where it should be and great rental demand, it creates a perfect storm for investing! Don’t let the fact that we are in a seller’s deter you from investing; it is a great time to be investing in Austin real estate.