🤠🏡 Selling Austin #31

Hi y’all! Happy Friday!

Pay attention to the which neighborhood in Austin had a 22% increase in sale prices this year 📈 and the Deal of The Week 👀 

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WHAT'S INSIDE

• 🏡 YOUR GUIDE TO BUYING IN AUSTIN

• 👀 DEAL OF THE WEEK

• 🔢 THE DATA

• ⁉️ WHAT THIS MEANS FOR YOU

• 🤤 HOUSE WORTH DROOLING OVER

🏡 YOUR GUIDE TO BUYING IN AUSTIN

If you’ve ever thought about buying a house in Austin but didn’t know where to start - welcome! We’re going to go over everything you need to know/think about before buying.

Last week we focused on: Barton Hills, Zilker, Bouldin Creek and Travis Heights

Up this week: Mueller

There are only a few neighborhoods in Austin that have been resistant to the post-pandemic decline. Mueller is one of them.

Beating the post-pandemic decline in Mueller:

At first glance you might see stats saying there’s an 11% YoY decline in Mueller - that data is biased. Mueller has more condo units for sale with the new building off Simond than ever before. This naturally pulls sales data down compared to townhouses/single family homes.

Focusing on single family homes - you’ll see a 22% increase in median sale price year over year. Some of this can be attributed to large, new builds but the rest is due to how coveted this neighborhood is.

Let’s see what makes it so special - you’ll love Mueller if this is important to you:

• Walkability: HEB, move theater, dining, breweries, doctors, dentists, all inside the neighborhood

• Community: it’s hard to define what exactly brings the community feel to Mueller. My take - the neighborhood is designed to have small backyards. This means everyone is always outside, walking their dogs, playing with their kids. Water balloon fights are a regular occurrence on my street and I love to see it.

  • They’re trying to replicate the secrete sauce in community south of Austin called Easton Park

• Trails/Parks: 3 mile lake loop, large open area parks

• Middle School: Brand new middle school in the neighborhood your kids can walk to

• Farmers Market: arguably the best farmers market in Austin, every Sunday.

All that sounds lovely i’m sure but let’s talk price:
Here are the average sale prices in Mueller:
*aggregate data for the last year

Okay. Should I buy here?

If you want a suburban feel but want to be 10 minutes from the city - this is the only place for you.

TLDR:

• Mueller will always be in demand because it is the only true neighborhood in close proximity to the city

• There are multiple price points to enter the market.
  Tip: when looking into condos/townhomes always make sure to factor in HOA fees (up to $500/mo!)

Next week we’ll dive into the steps of home buying - stay tuned! ⌚️ 

👀 DEAL OF THE WEEK

Speaking of Mueller -

This single family home features gated green space shared by the 12 homes in the cluster, making it perfect for kids + dogs!

Original List Price: $995,000
Current List Price: $950,000
Kirtana’s Suggestion: $900,000 - anticipate negotiation and aim to close around $925,000

🔢 THE DATA

We might as well rename this section “all about the Fed.”

We know there is likely a rate cut to be announced on September 18th but -

How big will the rate cut be?

It seemed like 25 basis points was a lock but analysts are now split pretty evenly between 25 and 50 basis points.

When will we actually know?

The Fed is notoriously tight lipped. I’ll update you as soon as we know more ✂️ 

⁉️ WHAT THIS MEANS FOR YOU

If you’re a buyer/seller/investor/renter or just interested in real estate - this weekly newsletter will help guide your decision making and help you better understand the market.

🤤 HOUSE WORTH DROOLING OVER

Sometimes you want the comfort of your home and the experience of a luxury hotel. Here’s your answer - the residences at the Four Seasons.

This is a residential enclave with 100,000 square feet of private amenities and direct lake access. 2,000 acres of protected land and 3,070 feet of private waterfront. All 20 minutes from downtown.

Hate cooking? I’m with you. No worries here - skip down to a private restaurant curated by Michelin starred chef Daniel Boulud.

That’s not even scratching the amenities surface but I’ll let you see for yourself. Yours for $7,775,000.
+$5,808 monthly HOA but let’s ignore that for now.

Thank you for being here! Reply to this email if you have any questions or just to say hello! 👋 

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