Mother Nature offers two options in Central Texas – either extreme heat or extreme rain. Heat indexes got as high as 108 degrees in Austin before breaking a record for rain totals in August. Working with extreme weather can be a daunting task for a home buyer. Only those with an immediate need or searching for a lakefront property were stepping out to buy a home in Austin.
Lakefront Properties in Austin
There is always a consistent desire to live close to Lake Austin and Lady Bird Lake, but sales dropped along Lake Travis during the drought. Many homes that were once lakefront, were no longer as desirable without water present. Things have changed quite a bit. In fact, Lake Travis has reached full status for the second time this year.
Austin Lake Homes for Sale
The consistent water levels turned the lakefront property market around quite a bit this summer. Austin lake view homes for sale and lakefront properties in Austin, West Lake Hills and Lake Travis certainly saw saw an increase in sales activity.
Austin Goes Back to School
With summer vacations winding down and everyone back into school – commuting times need some adjustment. The market may soften just a bit more as everyone takes a bit of a breather as we settle into our fall schedules.
Central Texas Real Estate Market Statistics
Central Texas experienced a bit of a decline in July compared to July 2015. According to the July 2016 Central Texas Housing Report released by the Austin Board of REALTORS(R), 4,230 single-family homes were sold which was a 3.1% decline in July compared to July 2015.