Hi y’all, welcome!

There are now over 1,000 Selling Austin readers! I’m so excited each one of you is here, your support means so much to me.

Pay attention to some serious Developer Drama 👀 + let’s check the data - is Austin going down?? 📉 

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(*unbiased opinion)

WHAT'S INSIDE

• 🔢 THE DATA

• 🤠 WHAT’S HAPPENING AROUND TOWN

• ⁉️ WHAT THIS MEANS FOR YOU

• 🤤 HOUSE WORTH DROOLING OVER

🔢 THE DATA

There seems to be dull chatter that Austin has gone downhill since the pandemic. I’ve had people ask me where I think the Austin market is headed and if this “Zoom town” is going to bust.

I’m still bullish. Let’s break down why:

During the pandemic, Austin’s economy grew at almost double the national rate. It was unsustainable growth and caused home prices to skyrocket. 60% from 2020 to 2022. Rising interest rates tempered the national market but Austin had the largest drop, 11% since its 2022 peak. This was a needed corrective response to the markets bloated high. There are pockets of overbuilding - the speed and density was based on pandemic growth projections. We see this resulting in dropping rents and concessions on downtown high-rises.

Here are some concrete numbers that illustrate the future of Austin.

Let’s talk Rainey. 
Anyone remember what that looked like a decade ago?

There are now 11 residential high-rises that are opened/under construction. Estimates come in at 3,800 apartments and 6.4M+ square feet of development (that’s just in Rainey)!

If anyone remembers the Bungalow bar - it sold for $9.3M and is now the home of The Modern - a 365 unit building.

These enormous properties aren’t sitting vacant.
Multiple towers still under construction have pre-sold 60%+.

The tallest building in Texas.
Welcome to, the Waterline

1,022 ft tall and 2.7 MILLION (yes, million) square feet.

That’s huge, what’s inside?

• 700,000 sqft office space

• 352 condos

• 251 hotel rooms

• 24,000 sqft outdoor space

World class developers - the architects of Hudson Yards and One Vanderbilt will put their mark on Austin.

The executives behind Waterline consider “Rainey (is) its own version of Soho or Tribeca.”

All that to say - we are just at the beginning.

🤠 WHAT’S HAPPENING AROUND TOWN

It seems like every time I blink, something new pops up in Austin. But not everything is as it seems…

If you’re looking to buy or invest - welcome to your unfair advantage. Know what’s happening before everyone else.

Here’s the story of a $2B portfolio that’s going to 0. With more twists and turns than a reality show - (raised $6.7 from investors for a property they never bought, gross negligence and lawsuits…)

Interested? Check it out:

⁉️ 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

This Westlake Fortress is giving big Tony Stark energy 🤖 

Yours for $6,995,000

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