Austin Realtors report an uptick in out-of-town home buyers
Austin real estate agent Heather Brown said many of these out of town home buyers can work from home permanently and live anywhere.
AUSTIN, Texas – As of June, some local realtors have been reporting a surge in buyers outside of the state of Austin, in a market already saturated with buyers but with a low home inventory.
“We pretty much just moved for the job,” said new resident Alec Ryan. “I found a great opportunity with a great company, LandCare.”
With year-round landscaping opportunities, Ryan moved his family of six from the snow-capped mountains of Colorado to the grassy hills of Austin.
“It seems like Colorado, you know, very outdoors, lots of good music and lots of good food,” said Ryan.
Though part of it was destroyed by COVID-19, Ryan’s realtor Heather Brown of Remax Austin Skyline said that didn’t stop the winger from moving to the bustling city.
Brown said she sold her first home to an out-of-stater in June this year, but as of September they already account for 30% of her buyers.
“They might not have jobs here, but they can work anywhere,” Brown said. “Austin is a great place to be a lot cheaper in their eyes.”
But property prices are rising in the eyes of those who already live here. According to Zillow’s weekly market report, the median list price of a home in Austin was $ 435,000 since last week, up 19.1% from that time last year.
“I don’t see it ever going down,” Brown said. “I think we’re growing steadily and at some point it might flatten out, but I don’t think it will ever be lower than what it is.” is today.”
Brown said we might continue to see these historic price hikes not only because more and more businesses are permanently working from home, but more and more businesses are moving here and the housing stock is low.
“Honestly, there aren’t many better places in America than Austin,” said Ryan.
Meet Alec Ryan,
He has just brought his family of six from the snow-capped mountains of Colorado to the grassy hills of Austin.
He is a landscaper and can now do it all year round.
His agent said out-of-staters account for 30% of their buyers this year, but their first was in June! @KVUE pic.twitter.com/5F2Ck9RR5c
– Daranesha Herron (@Daraneshatv) September 27, 2020
WATCH: Austin real estate continues to boom
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