Real Estate Market

Featured Listing

Featured Listing

For Sale: $899,900

More Information

Lake Travis Real Estate News

U.S. Real Estate Overview

Note: August 2018 data below are the most recent released by the National Association of Realtors.

Existing-home sales remained steady in August after four straight months of decline, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest canceled out downturns in the South and West. 

Total existing-home sales (transactions including single-family homes, townhomes, condominiums and co-ops) did not change from July and remained at a seasonally adjusted rate of 5.34 million in August. Sales are now down 1.5 percent from a year ago (5.42 million in August 2017).  

National Association of Realtors August 2018 DataNAR's chief economist, Lawrence Yun said the decline in existing home sales appears to have hit a plateau with robust regional sales. “Strong gains in the Northeast and a moderate uptick in the Midwest helped to balance out any losses in the South and West, halting months of downward momentum,” he said. “With inventory stabilizing and modestly rising, buyers appear ready to step back into the market.”

The median existing-home price in the U.S. in August was was $264,800, up 4.6 percent from August 2017 ($253,100). August’s price increase marks the 78th straight month of year-over-year gains. 

Total U.S. housing inventory at August's end remained unchanged from July at 1.92 million existing homes available for sale, and is up from 1.87 million a year ago. Unsold inventory is at a 4.3-month supply at the current sales pace, consistent from last month and up from 4.1 months a year ago.  

Individual markets vary, but properties nationwide remained on the market for 29 days in August, up from 27 days in July but down from 30 days a year ago. Fifty-two percent of homes sold in August were on the market for less than a month.  

Per Freddie Mac data, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased to 4.55 percent in August from 4.53 percent in July. The average commitment rate for all of 2017 was 3.99 percent. 

First-time buyers were 31 percent of sales in August, down from last month (32 percent) but the same as a year ago.
 

Are Bi-Weekly Payments Right For You?

Many people ask about bi-weekly payment plans designed to reduce the interest paid out over the course of your loan. These programs help the borrower budget an extra payment a year, and over time this can knock years off the repayment schedule.

Many people are surprised to learn that they can do this themselves without any special programs, simply by submitting an extra principal payment as they are able. By submitting an extra payment, you get the advantages of an early payout, without the extra contractual obligation. Want more information on other mortgage options?

Contact us today for our list of preferred local mortgage experts who can help you position yourself for a great year in 2018!

The Ideal Golf Lifestyle Awaits in Falconhead

If you're looking for luxury living in one of the prime golf communities in Texas, look no further than Falconhead.  Located between Lakeway and Beecave, Falconhead offers one of the finest golf courses in Austin, along with amazing homes set among the gorgeous views of the greenbelts, trails, and the beautiful country scenery. 

Falconhead is comprised of 3 mains sections - the original section located on the course with smaller homes, the Heights of Falconhead master-planned gated neighborhood, and Falconhead West.

The centerpiece of the community is the Falconhead Golf Club, designed by the PGA Tour Design Center. You'll find something for every level of golfing skill, with a daily fee course, junior golf classes, along with amenities that will suit the most discerning golfer.

Being close to Lake Travis, Bee Cave, and Austin makes Falconhead the ideal location for luxury living. Just next door in Beecave, you'l  have quick access to dining at great restaurants such as Café Blue, Verde's Mexican Parrilla, Tony C's Coal Fired Pizza, Los Pinos Mexican, and much more.

In Lakeway you'll also be close to outstanding shopping choices, like Hill Country Galleria and Oaks at Lakeway.  Dining options include spectacular restaurants like Sundancer Grill.

And of course, if you love water sports, nearby Lake Travis has everything you could want in a lake.

And you school aged children are in good hands with the LakeTravis Independent School District, with 5 elementary schools, along with two middle schools and one high school in the Falconhead area.

Homes are available in Falconhead right now, starting at less than $500k. Find the perfect golf course community home in Falconhead today!

Check back on our blog twice a week for more real estate news, ideas, and local events in Austin and Lake Travis. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467‚Äč to talk to an experienced agent today.  

 

Contact Information

Photo of Rebecca Shahan Real Estate
Rebecca Shahan
Keller Williams Realty, Austin
1921 Lohmans Crossing, #100
Austin TX 78734
512-657-4467
Fax: (512) 263-0109