February 2021


Happy February! While we’re already feeling spring here in Texas, the rest of the country is reminding us that we’re still very much in winter. Spring is right around the corner and it feels like there are a lot of great things to look forward to in 2021. Live music, restaurants, gathering with friends and family, and travel are a few of the things I’ve missed most and look forward to folding back into my life.

You’re likely hearing rumors about how hot the Austin housing market is currently. If you’re not actively searching or selling, the rumors can’t begin to paint the picture of what is happening. Since late December 2020, multiple offers in the 50+ range (the most I have heard is 108) have become the norm and prices are being driven up in the several hundred thousands on the lower end of the market and several million on the higher end. The extremely high buyer demand, mostly from out of state buyers, and the severe lack of inventory have created a true frenzy in the Austin housing market. To give you some perspective on the numbers, YOY home sale prices in the Austin metro area are up almost 25% for January. The median sale price is up just over 20%. The competition is fierce for homebuyers who are attempting to compete in the strongest sellers market that Austin has ever seen. Given that this current market state is less than 6 weeks old, I’m actively working and monitoring trends to help best serve buyers and sellers who have trusted me with the process. If you’re curious what is happening in your neighborhood, reach out to me and I’ll share more details.

All my best. Always.

Real Estate in the News

Austin Market Report H2 2020


Homes across the greater Austin area sold at a record pace despite historically low inventory and the lingering coronavirus pandemic. A record-low supply of homes for sale and strong demand from homebuyers combined to push the average price into record territory as well. The high end of the market generated an increase in consumer activity with mid-range homes also selling swiftly. The importance of being guided by an agent with deep market knowledge and expertise on every street, neighborhood and community is more essential now than ever before. Find the full report here.


Austin to be country's top housing market in 2021, experts predict

According to the Q4 2020 Zillow Home Price Expectations Survey, real-estate experts, economists, and investment strategists say Austin will outperform the national housing market by the most significant margin. The report, which was conducted by independent research company Pulsenomics, includes predictions about home-value growth in the largest 20 U.S. markets in 2021. Read more here.



Austin Market Stats | December 2020

Community


Don't miss these activities, virtual events, and ideas to stay busy in the ATX.



The Guide To Valentine's Day In Austin

Show your loved ones how much you appreciate them, or just enjoy a day alone!


Find the guide here.






Black History Month: 14 important local landmarks


Check out this map of a dozen sites that honor that history and the essential role that black Americans have played in the shaping of Austin.

Find the list here.





Dreamland in Dripping Springs


A brand-new, one-of-a-kind outdoor entertainment, beer garden, and arts venue, aptly named Dreamland, opens in Dripping Springs on Friday, February 5. The ambitious new project is situated on 64 sprawling acres at 2770 W. Hwy 290.

Learn more here.





7 essential Austin art and history museums to visit

Local museums are now offering virtual and online exhibitions, outdoor events, and socially distant strolls through galleries.

Find the list here.



Lifestyle Tips + Tricks


11 Common Kitchen Design Mistakes to Avoid, According to Top Designers As kitchens become more integrated into our homes and our daily routines, your cook space should reflect your personal style, whether you prefer all-white kitchens, kitchens with color, modern kitchens, or even a small kitchen. Veranda asked designers and architects from around the country to share the biggest kitchen design mistakes to avoid. These tips will help you explore your personal design aesthetic in the kitchen as well as the smallest accents are to your liking.

Courtesy of Veranda.


Every 2021 Color of The Year

Pantone is the latest to reveal its prediction for the 2021 color of the year. See which shades you can expect to see in the coming year from some of the biggest names in paint. See the top shades Better Homes & Garden's know of so far.


Courtesy of Better Homes & Gardens


HGTV's Take on The Biggest Home Design Trends for 2021

After a year that guided many of us to spend more time at home, the new year is an opportunity to bring comfort and creativity to our living spaces. From calming Zen room ideas to stylish (and smart) approaches to home office design, HGTV is predicting 15 of the biggest interior design trends for 2021.

Courtesy of HGTV

ATX: Don't Miss This

What to Expect at the Reimagined Waterloo Park

The city’s next great gathering ground is slated to debut this spring with the completion of the first phase of the Waterloo Greenway project. Part of the 1.5-mile park system that will extend along Waller Creek from 15th Street to Lady Bird Lake, Waterloo Park will feature 11 acres primed for concerts, performing arts shows, food trucks, field trips, and other events.

Find more info here.



Support Local: Merch from Local Bars and Restaurants


Upgrade your look (and support local business!) with socks, jackets, beanies, and more.


Find the best gear from Franklin's BBQ, Better Half Bar, and Homeslice here.




7 Things to Know in Austin Food

In need of a roundup of essential food news in the ATX? Find updates on recent openings, closings, and upcoming Austin foodie news here!

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Meredith Alderson Compass Real Estate Agent

Meredith Alderson | Realtor® Compass Real Estate | 512.969.1260 | meredith.alderson@compass.com

Copyright 2020. All rights reserved. Information contained herein believed accurate, but not guaranteed. Licensed in the state of Texas.

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