🤠🏡 Selling Austin #75

Renters Market 🤑 + Doubling Down on East Austin 🏗️

Author

Kirtana Reddy
July 31, 2025

Hi y’all, welcome back to Selling Austin - your weekly local real estate recap.

Inside: Renters Market 🤑  + Doubling Down on East Austin 🏗️ 

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(*unbiased opinion)

WHAT'S INSIDE

🔢 THE DATA

👋 Hi, I’m Kirtana!

I’m an ex-dentist turned Realtor - let’s work together! Email me, tweet me or send me a carrier pigeon. 🐦️ 

Watch out Blackstone - Slow home sales are driving owners to rent and is squeezing institutional landlords in the process.

What does that mean?

  • Frustrated sellers are turning to rentals, creating unexpected competition for institutional single-family rental companies.

  • Elevated mortgage rates, low buyer confidence, and rising housing inventory are prompting owners to:

    • Delist their homes

    • Cut asking prices

    • Convert properties into rentals

What does this mean if I’m a renter?

It’s good news. Rent hikes may slow:

  • Previously: 4–5% renewal increases with 75% tenant retention

  • Now: May fall to 0–2% increases

🤠 WHAT’S HAPPENING AROUND TOWN

Development is doubling down on East Austin.

Geyser Group landed a $37.5M construction loan for another section of townhomes.

Project Details:

  • Location: 5600 Jackie Robinson Street (near Springdale Road in 78721)

  • 80+ townhomes across 8 acres

  • Estimated cost: ~$450K per unit

  • Price range: Under $800K to just under $1M

Renderings of 5600 Robinson

Interesting note:

  • Geyser is what we call an “infill developer”

    • Adds housing density with townhomes/condos without rezoning.

⁉️ 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.

Buyer
- Strong buyers market

- Large jump in active listings

Seller
- Increased inventory = increased competition

- Focus on pricing and presentation. You have 1 chance to list

Renter
- If you’re living in a high rise downtown - NEGOTIATE

- Seeing big complexes offer 6-8 weeks free

- Deals on single family homes will start to pick up in the coming months

🤤 HOUSE WORTH DROOLING OVER

Let’s be honest, we’re all here for this view -
Yours for: $9,998,000

6607 W Courtyard Dr, Austin, TX 78730

5780 square feet
5 bedrooms and 6 bathrooms

www.zillow.com/homedetails/6607-W-Courtyard-Dr-Austin-TX-78730/29351871_zpid/?mmlb=g,0

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