Bill Morris Realtor

The median sale price of a single family home in the Austin metropolitan area in June 2011 was $203,275.  (That's MLS data as of July 6, 2011.  Final June data will be out in a couple of weeks.)  That median is 3% higher than May, and only one month ever has been higher -- July 2010, which was ba...

In a post here yesterday (What do you get for $1,000,000 in Austin?) I focused on properties that have sold recently for around $1,000,000.  I mentioned that there are still more than 100 active listings in this price range, so I am writing today to highlight a few of the million dollar propertie...

Do you ever just wonder:  What can you get for $1,000,000 in Austin real estate? Are you trying to sell in that price range? Here's a quick look at what that market looks like today, with successful sales over the past six months: (Click to enjarge table) The first thing you may notice is that th...

"Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization." So begins the Preamble to the National Association of REALTORS® Code Of Ethics.  Those are not just words, but an important statement of i...

Residential market activity in the Austin metropolitan area is up.  As of June 29, 2011, here is a high-level look at our residential market: 9,360 Active residential listings (single family homes, condominiums, and townhouses) 1,681 Sold in the past 30 days At that pace, existing inventory will ...

Market conditions for residential properties in the Austin/Central Texas area continue improve, and remain better than reports in the national media and far better than conditions in the metro markets that suffered most during the housing downturn over the past few years. This recent article high...

Final data for May 2011 is available this morning so I will be updating my Austin Market Dashboard this week. For now I just want to offer a quick summary. First, home sales (units) in Austin and Central Texas are still down year-over-year, about 10% from May 2010 to May 2011, but the gap was nar...

Hypothetical #1:  You have decided it's time to move.  You have been in your house for a few years, but it's now too small, or too large, or in the wrong location.  We meet to discuss the process of selling your home.  I'll go through a detailed market analysis with you and discuss preparation an...

One of the ongoing services I offer my clients is assistance every year with market information needed to protest proposed new tax values.  This year there have been some very obvious protests, and some new appraisals that were reasonably in tune with actual market value.  One, however, provided ...

Sometimes the only immediate response to the news is, "AARRGGGHHHHHH!" Here's an interesting pair of articles published by RISMedia: Owning a Home Essential to the American Dream, Survey Says From that piece: “An overwhelming 75 percent of the people who were polled said that owning a home is wor...