Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line.Among its many impacts, COVID-19 has had a pronounced effect on the housing.
Williamson County Economic Review Part 2 Vaike OGrady
Dated: September 29 2016
Views: 164
As you may know, I recently attended an economic review for Williamson County. Several industry experts spoke. One in particular of interest was Vaike O’Grady from Metro Study.
Vaike shared that new home sales the last 11 years in Williamson County have been 25% of all sales, and that new home prices have typically been about 20% higher than resale homes. I found it really interesting that new home building starts were only 6K during the recent recession and now they are more than double at 13K…..and yes, actual closings are tracking with starts! J The top 3 communities with closings in Williamson County are Sienna, Sun City and Terra Vista! And 20%+ of all new construction homes are DR Horton and KB Homes. One of the things Vaike touched on was that new home starts that cost <$200K are almost non-existent. And higher growth is happening in the $200-$350 range.
Here is a breakdown of lots under construction in the larger area:
Williamson County approx. 3200
Travis County approx. 2600
Hays County approx. 1000
Bastrop County approx. 100 or less
Caldwell County almost non-existent
And with the number of roads being excavated in Williamson County currently there will be even more lots under construction soon!
Williamson Country is rockin’and rollin’! If you want to talk more about this, shoot me an email erin@teamprice.com.
Latest Blog Posts
Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. Not pretty, right? For most of us, our housing needs are cyclical.1 A newly
I absolutely love to patronize small businesses.A few months ago my neighbors, Jennifer and Ryan, started a small business selling sourdough bread. I tried it and was sold!This bread is delicious!
Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars—for
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
IDX
