Posted on 06/04/2021 8:41:36 AM PDT by bgill
New data from online real estate brokerage Redfin further illustrates how wild the Austin housing market has been in 2021.
Redfin says more than 1,500 homes have sold for more than $100,000 above asking price since the beginning of 2021 in Austin, and 72 of them sold for more than $300,000 over the asking price.
At this time last year, only 22 homes had winning bids over $100,000 over the asking price.
The year-over-year gap is even wider for homes that sold in a range of $25,000-$99,999 over the asking price. Last year, from Jan. 1, 2020 to May 23, 2020, 353 homes in Austin sold in that range. This year, 4,535 homes have sold for that far over asking.
(Excerpt) Read more at kxan.com ...
I used to pat myself on the back for being here in this hidden gem. Then it was found......
South Mountain, near Southern & 40th Street
While this happens, ‘rugged individuals’ usually buy acres out of town, and hatch a plan to hold out the storm. The storm isn't gonna pass, migration will conquer all.
Nice view of the mountain?
I’m over in Mesa.
It’s basically Liberals consolidating in a “safe” liberal area of TX. Of course they’ll pay more.
Well, looks like we will continue to be renters for the foreseeable future. Hope our landlady continues to think we’re wonderful and doesn’t raise our rent when our lease is up.
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