by Brad Pauly
on Wednesday, September 10th, 2014 at 3:40pm.
As a real estate agent here in Austin, I've lived within the city for six years and have been helping home owners and tenants find housing that meets their needs. Everyone knows Austin's real estate market is hot, but what people don’t understand is the sense of urgency that is required to put your best offer on the table. Over the last few years, Austin has averaged over 100 new residents a day which has created a limited supply in the housing market. Occupancy rates have been as high as 98% in certain parts of the city which has caused the landlords to increase their rent drastically and even tighten their lease polices.
Because of the heavy influx of new Austinites, we are all feeling the effects from traffic, to renting a house, buying a home, or even finding a parking spot at your favorite eatery. The good news is Austin is an evolving big city. It is now on the radar of corporations and major investors globally, and over the past few years investors have been investing in Austin. They have been buying more homes to rent and are building 10's of thousands of Apartment units throughout central Texas. This should lower the price of rent throughout the city and I predict pricing will stabilize in the near future.
With that being said, our goal at Pauly Presley Realty is to educate our clients, and pay close attention to their wants and needs. The market is difficult enough to handle, so asking the right questions and listening is very crucial to helping your client find his or her next place to call home.
Our team of knowledgeable agents will go above and beyond to make sure your experience exceeds expectations. If you need to buy, sell or rent in Austin, give Pauly Presley Realty a shot, we won't let you down!