Austin, TX Real Estate News

By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
Kudos to twenty six of our NW Coldwell Banker Realty office agents who qualified for the November 2020 Million Dollar club! In order to qualify an agent must write, list or close a million dollar's worth of business during a single month. Real Estate in Texas is considered an essential business and our office has been busy listing, selling and closing homes with some agents qualifying in all three categories!I love working in an office where everyone works together in a culture of awesomeness, celebrating each others success and encouraging each other to grow. We continue to establish best practices and move forward as leaders in our industry serving clients with real estate needs. Adapting and Pivoting to changes and challenges is what we do best. Our sales numbers speak for themselves...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
Just sold in Canyon Creek! Congratulations to my Sellers who have always supported me over the years. They bought this home from me 9 years ago and the only reason for moving is they now have 3 adorable children and need a larger home.What a sought after property with it's huge park-like sanctuary and trendy updates!There were 12 offers submitted and could select only one, it was a tough choice! 2020 was still a huge success despite the COVID Pandemic and stems from my many repeat clients and referrals. I owe my peeps a HUGE Thank You! Hard work pays off and so do lasting relationships.Looking forward to a great 2021 so reach out to me if you are thinking of selling. Let's have a chat about your home's value and what is happening in our micro market/Canyon Creek community. 
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
With the November compelling numbers in you can see for yourself the Canyon Creek market is not slowing down anytime soon!Active Listings in Canyon CreekThere are ZERO resale homes in Canyon Creek out of 1,330+ homes in the community. Pending Sales in Canyon 6 homes Under Contract ~ 3 are my listings waiting to close in December Homes Sales in November 2020   Homes sales jumped by 400%Sold Prices up 11%Sold price/square foot up 11%A note to sellers in Canyon Creek:Many are asking what will happen to our market. The simplest answer is “More of the Same!” Don’t’ wait until Spring/Summer of 2021 to grab top dollar for your home. In 2019 a total of 59 homes sold and as of November 30, this year, 59 homes sold with an increase of 10.5% in average sale price and 11% increase in average price ...
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By Erika Rae Albert, Austin Real Estate Expert, Exceeding Expectations in Every Transaction
(E*Rae Realty)
Here's everything you need to consider.  Selling an investment property is quite different than selling your primary residence. When you are considering selling a property that is tenant-occupied you will need to think about how the tenants may impact the sale of the home. The lease terms and your selling timeline will dictate how you can sell the home.  You could sell the home with leases in place or wait for the leases to terminate before listing the property.  If you wait for the leases to terminate you will appeal to a larger buyer pool, and the selling process can be facilitated more easily.  That being said, there are benefits to selling an investment property with tenants in place ( hello instant rental revenue!) If you determine that selling with tenants in place is the best op...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
The buyers are anxious to add their finishing touches to make this gem their own! They are the right family to transform this home to extraordinary! The floor plan is so desirable with its dual staircases, modernized kitchen, downstairs owners suite, study and full bath down, spacious upstairs game room and graciously sized secondary bedrooms, they couldn't resist.Austin's real estate market hasn't flinched and still continues to see rising housing costs. Congratulations to my sellers who sold their home and the buyers for making a strong offer and closing with a superior interest rate.As we head into the holidays are you thinking about selling? Let’s talk about the pros and cons to see if the timing works for you. Our razor thin inventory is a plus with the influx of buyers wandering A...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
What a whirlwind of showings on my newest listing in Canyon Creek! It was obvious my original owners took meticulous care of the home over the past 27 years. Their care in picking out the interior lot on a quiet cu-de-sac, backing up to a 50' green buffer paid off with multiple offers.Buyers loved the modernized kitchen with quartz counters, travertine back splash and top of the line appliances. The decision to have the whole interior painted to a neutral gray was a huge plus!The October real estate statistics are out and we are seeing the strongest seller’s market in Austin’s history. The short days on market is showing there is no seasonal slowdown. So far there are 12 properties in Canyon Creek under contract in Canyon Creek for November with only 2.5 days on market!As we head into t...
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By Erika Rae Albert, Austin Real Estate Expert, Exceeding Expectations in Every Transaction
(E*Rae Realty)
One great benefit veterans who have previously served or are currently serving our country are eligible for is the Veterans Administration home loan aka a VA loan.  The VA loan allows for a zero down home loan for qualified veterans.  However, just because you served the country does not automatically qualify you for a home loan.  Although the VA does not have specific credit requirements for buyers looking to utilize the VA loan, private lenders facilitating these loans often do.  In addition, you will also have to show that you have the financial means to pay the mortgage and home insurance moving forward.  That being said, if you have a decent credit score and a debt to income ratio of 41% or less, you will likely be able to qualify for a VA home loan.   There are many benefits of th...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
It’s been a fabulous 27 years since my owners contracted with David Weekly Homes to build me. They took such care in picking out my interior lot on a quiet cul-de-sac backing to a 50’ treed buffer. It’s time for them to move closer to family out of town. They’ve taken such good care of me over the years. They modernized my kitchen with quartz counters, travertine back splash and top of the line appliances.  In 2010 they replace both my HVAC systems. In 2020 they replaced one of my water heaters and the burner on the other. My exterior was painted in 2017 and the interior in November 2020. I’m ready for you to move in and take care of me in the style I’ve grown accustomed. My lovely, majestic trees have been well maintained and fond memories are whispering throughout this house and on th...
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By Erika Rae Albert, Austin Real Estate Expert, Exceeding Expectations in Every Transaction
(E*Rae Realty)
An accessory dwelling unit, aka an ADU, may be the perfect solution to all of your 2020 problems.  The idea of a back house is nothing new to the Austin real estate market.  They’ve been becoming more and more popular over the past decade as property values have increased throughout central Texas.  They are great for buy and hold investors looking to capitalize on their investment by creating more opportunities for rental revenue. Similarly, more and more developers are building two units on one lot and then selling both units separately as detached condos.  However, this year, more than ever, the benefits of an ADU as more than just an investment strategy are clearer than ever before.   Our houses have become places for much more than resting our heads at night and gathering for family...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
Kudos to twenty six of our CB Realty NW Austin office agents who qualified for the October 2020 million dollar club! In order to qualify an agent has to write, list or close a million dollars worth of business during the month. During the pandemic our office has been busy listing, selling and closing homes with some agents excelling in all 3 categories in one month! I love working in an office where we lift each other up and celebrate our success encouraging each other to grow. So much gratitude for this group and everyone in our CB family. We move forward as leaders in our industry helping clients with their real estate as we continue to establish best practices, pivoting as we face changes and challenges in the fourth quarter of 2020.  My NW Austin CB Family is a close knit group of ...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
 This three story condo is right in the heart of downtown living in Austin. Just up from Barton Springs Road and Lamar Blvd. this gem sits in the Kinney Lofts Condo complex on an end unit.The stylish kitchen opening to the spacious family room, with lots of natural light, attracted my buyer.My client will now be within walking distance to Alamo Draft House, Shake Shack, Merit Coffee, Gibson Street Bar, ZACH Theater, Town Lake, Juliet's, Starbucks just to name a few spots!Reacting quickly when there is a price improvement is so important in today's market! My buyer is under contact and just completed inspections!
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
We had so much fun presenting this stunning home to market!  Buyers fell in love with this quiet interior street in prestigious Canyon Creek and all this home has to offer. The open house was a complete success with 12 offers produced by Sunday at 1 pm! Buyers recognized this home is truly a living master masterpiece, harmonizing nature, comfort, and modern technology. Finding a perfect sanctuary of suburban living like this home offers is hard to find. They loved the columns, crown molding, wire brushed hickory wood flooring, banks of windows across the back, open and airy floor-plan and all the impeccable attention to detail. The owner's suite and spa like bath caught eveyones eye! Who can't envision living here?Many found themselves wandering this premium greenbelt lot enjoying the m...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
Can't wait to show you this amazing new listing in Canyon Creek!  Buyers you'll love this living master masterpiece, harmonizing nature, comfort, and modern technology. It’s the perfect sanctuary of suburban living. You could be walking into this top-of the line kitchen getting ready to serve up drinks or cooking up a storm on this 6 burner Viking gas cook-top for family and friends.Who doesn't love a light filled open layout with a downstairs owners retreat? Complete with a private, updated spa like bath featuring a Jetta, insulated air/jet soaking tub with hand sprayer, custom marble mud pan shower with niches and bench seat! Custom cabinets including lower floating cabinets with lighting, tilt out drawer fronts for extra storage. Robern lighted recessed mirror/medicine cabinets and m...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
There are many benefits to a VA home loan. It’s important to know how these loans can help you. First, thank you for your service to our country. According to the Mortgage reports, VA loans stand apart for its combination of low rates, lenient underwriting, and secondary benefits. These are 10 Austin Texas Veterans Loans Benefits in 2020. These are:        No down payment on a VA loan        No mortgage insurance        VA loans have a government guarantee        Your ability to shop and compare VA loans        VA loans don’t allow a prepayment penalty        They come in many varieties        It’s easier to qualify for a VA loan        VA loan closing costs are lower        The VA loan offers funding fee flexibility    VA loans are assumable Backed by the U.S. Department of Veterans Af...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
Some listings you love to market! They have got the extra bells and whistles. Buyers will fall in love with this quiet interior street in prestigious Canyon Creek. This home is truly a living master masterpiece, harmonizing nature, comfort, and modern technology. It’s the perfect sanctuary of suburban living. Defined by columns, crown molding, wire brushed, engineered hickory wood flooring, banks of windows across the back, this property features impeccable attention to detail. The timeless materials and interior and exterior palette are classic and in harmony with nature, producing a custom modern feel. The premium greenbelt lot offers a mindful balance: a calm, private and quiet setting. You will love sitting on the multi-level deck overlooking the park-like backyard. For discriminati...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
 It’s no surprise to see our Canyon Creek real estate market on fire!Active Listings in Canyon CreekAs of October 31, 2020, there is only 1 active resale home in Canyon Creek out of 1,330+ homes in the community. Pending Sales in Canyon As of October 31, 2020, there are 15 homes under contract! As anticipated, new listings in October were quickly gobbled up by anxious buyers waiting for new inventory. Buyers need housing; we just cannot keep up with the demand!  Homes Sales in October 2020   October homes sales jumped by 133% from last October and sold prices were up 7%, sold price/square foot was up 8% and days on market was up 41% because there were a few homes that languished on market due to price, location or condition.A note to sellers in Canyon Creek:Many are asking what will hap...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
My out-of-state buyers were referred to me by a family in Canyon Creek. Fortunately, technology makes it easier to provide virtual options for viewing and purchasing homes. Inventory is tight, and buyer demand is strong. I’m thankful for the opportunity to find a home for this family whose first choice is to live in Canyon Creek. They closed on their home in CT and home in Austin and will flying in to see their home in person for the first time. The home is being professionally cleaned and appliances delivered….it's a priority for me to make sure the home is ready for them when they arrive!It's uncertain times right now but families need a home especially in Austin. I and Coldwell Banker Realty are committed to helping our clients with their real estate needs. It's amazing what can be d...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
  Recently I listed my previous clients Condo investment property I sold them 4 years ago. Over the years I have represented them on several properties and always enjoy working with this fun loving and intelligent couple! They were kind enough to write me a recommendation on NextDoorCanyonCreek...I love that when it happens ♥  "We know Dorie for many years as our neighbor and the Realtor to be working with. She is the one that we trust with, as the real estate expert of the market. She will go above and beyond to make sure all the bases are covered when purchasing or selling property. We are looking forward to work with her in the future." Tsachke MoragAs we head into the holidays, thinking of selling? Let's dicuss the pros and cons and see if the timing fits with your needs. With the r...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
Even though my owners have out grown me and it’s been a fabulous 9 years I’m excited about the new owners! They loved my modernized kitchen, 5” distress wood flooring, updated light fixtures, remodeled owners bath and secondary bath, new garage doors and everything about me.  There were 12 offers submitted for my owners to select from so I know I’m loved and appreciated!My trees are tall; they loved my tree house and I heard they can’t wait to relocate here to continue to create fond memories echoing in my park-like backyard sanctuary! As we head into the holidays are you thinking about selling? Let’s talk about the pro and cons to see if the timing works for you. Our razor thin inventory is a plus with the influx of buyers wandering Austin, especially Canyon Creek.
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
Buyers loved this elegant turnkey condo living in the gated Versante Canyon community.  They were attracted to this stucco villa with red tile roof, European flair and the private treed backyard.Who doesn't like an open, airy floor plan? They loved the high ceilings, wood floors, arches, crown molding and bank of windows bringing in natural rays of sunshine.We need more inventory for hungry buyers trying to find good properties to purchase. Thinking of selling?  Let's have a quick chat about your home's value and what is happening in your micro market/neighborhood.  
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