Sunday, January 30, 2011

Tuesday, January 25, 2011

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Sunday, January 23, 2011

The Spring rush has started early!

In general, Realtors normally expect January and February to be seasonally light months, where only a small percentage of the normal buyer traffic is looking to buy this early before summer. In fact, "the season" may not take full hold in a normal year until around March or April. Well, I think this year is starting up to be anything but "typical". It appears as though the traffic that we would expect to begin in the spring has actually started in earnest during the first week of January. This is amazing--but understandable. 

Here is what I observe as happening--individual buyers and investor are watching interest rates as they are going up. Buyers are anxious to get on the low interest rate train before it pulls out of the station. Add to that the low unemployment rate for Austin which is roughly 25% below the national average now, and new companies like LegalZoom.com and Facebook.com and many others are opening offices in the Austin area right now. Buyers are also noticing that the publicized doom and gloom of Real Estate has subsided--and Austin is emerging as one of the top few cities in the country that has weathered the storm

It is easy to see why investors and buyers alike are excited about the Austin market. If you would like to talk or get together about your Real Estate needs--please contact me.


Tim

Tim Thornton, Realtor ®
Zip Realty, Inc
Top 1%, President's Club
Austin, Texas
Certified Listing Expert

(512) 914.4665



My greatest privilege is to be your Austin Realtor ®   
Profile:  Tim Thornton

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Thursday, January 20, 2011

Romantic Strapless Summer Wedding Dress

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Tuesday, January 18, 2011

Strapless Bridesmaid Gown Color

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Saturday, January 15, 2011

Thursday, January 13, 2011

What to look for in a Listing Agent

Are you wondering how to pick the best broker to list your home? Do you want someone who lives in the community? Do you want someone whose signs you recognize or whose brokerage has a well known name? Well, the answer is...it depends.

Try thinking about selling your house from the other side of the sign. Imagine that you are a buyer--not a seller. Now, first of all, ask yourself--how did I find this blog and Team Thornton? Online search? Google? Facebook? Referral from someone who knows Tim or someone who used Tim to help them buy or sell a house?

Now, as a buyer--where would you start looking for a house? Would you drive to the most prestigious brokerage in town, walk in and ask them blindly to find you a home? That's certainly how things worked 10 years ago. Would you drive every neighborhood in Austin looking for signs to see what was for sale? Would you read the free black and white rags in the grocery store until you found a little picture of a house that convinced you this was a great house--from one black and white photo? Would you just start driving to every open house every weekend for months until you happened upon a house that meets your needs? Of course not. Buyers are smart--like you. Buyers know that you can see hundreds of houses an hour online, and get real time information about new listings without ever leaving the comfort of your home. You would most likely start your search in the same way that you found my blog--online. It is how we start everything in this day and age.

Now, put your shoes back on. You are the seller. As a seller, you want to get the highest visibility and marketing for your home. You want an experienced Realtor who also has money to bring hundreds of buyers to your online listing every day. You want a Realtor who knows buyers and sellers--because they sell a lot of houses every year! You can't get 10 buyers to come to an open house these days, but if you have deep pockets and spend millions in advertising, you can bring hundreds of buyers to your site every day. Then, and only then, you will have the opportunity to connect Buyers to your house. And this is what we do. We feature. We market. We spend lots of money to make buying a home easy for buyers, and selling a house easy for sellers.

If you want to have your listing put in front of hundreds of Austin buyers every day--I can help you do just that.

Sunday, January 9, 2011

Romantic Beach Wedding Dress Design

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Sunday, January 2, 2011

How did Austin Real Estate do in 2010?

For the overall Greater Austin area, as recorded by the Austin Board of Realtors MLS--here is the overview and "typical" home sold during 2010:

  • 17,425 Single Family Residences Sold in 2010
    • In 2009, 18,636 homes sold -- about 7% shrinkage in market size
  • 1,917 condos and townhouses sold in addition to the above SFR's 
    • In 2009 1,869 sold-- about 2.5% increase in units sales
  • 19,342 total homes sold in 2010 
  • Typically these homes were 3 bedrooms / 2 baths
  • ~ 2000 to 2200 sf
  • Mean and Median price: from $195,000 - $255,000
    • M and M price has gone up YoY from 2009; up from ~ $190k - $246k
  • The most expensive home sold in 2010 was: $5.1M
    • 11 bedrooms, 22 bath rooms, just under 12,000 sf
    • In 2009, the most expensive home sold was $5.5M
      • 9 bedrooms, 9 baths; 15,000 sf

Price stratification of homes sold:
 
    • (5,042) sold under $150,000
    • (3,965) sold from $150 - 199k
    • (2,396) sold from $200 - 249k
    • (1,660) sold from $250 - 299k
    • (1,143) sold from $300 - 349k
    • (946) sold from $350 - 399k
    • (558) sold from $400 - 449k
    • (401) sold from $450 - 499k
    • (246) sold from $500 - 549k
    • (221) sold from $550 - 599k
    • (273) sold from $600 - 699k
    • (179) sold from $700 - 799k
    • (112) sold from $800 - 899k
    • (67) sold from $900 - 999k
    • (216) sold from $1M and over

      All in all, the Austin market is quite healthy compared to the national Real Estate market, and not doing poorly compared to 2009. Home values are up slightly, while unit sales were slightly down. We have seen an increase in Foreclosures in certain areas of Greater Austin and the promise of more to come over the coming year. We have also seen a return of investment capital from both inside and outside the Austin area. While first time home buyers dominated entry price points, we have seen a return of Luxury Home buyers as well--well into the $MM home spectrum. Low interest rates have driven much interest among buyers of all financial means, and among investors as well.

      Austin continues to take a leadership role in leading the nation out of these uncertain economic times. 2010 was a solid year, and 2011 has hope of a return to more normal market conditions.

      Saturday, January 1, 2011