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Winter Storm Drove up Austin Home Prices

April 11, 2021 2:11 pm

Winter storm Uri couldn’t hold back the rise in prices of Austin TX homes.

In fact, the impact of the storm made prices to go up even higher by causing a break in construction and sales activity. The sales dip led to an increase in prices as the already short supply of homes on the market became even smaller.

Home prices within the City of Austin hit a new record in February, reaching a median of $491,000. That’s a 24.3% increase over February 2020. The five counties in the Austin Metropolitan Region reached a new median home price of $395,000.

Volume of sales fell due to the storm’s impact. It was the first time sales volume fell since June 2020. Homes sales in the region declined 8% in February.

Hays and Bastrop counties managed to escape the storm’s impact on sales volume. Both counties saw increases in both median price and number of sales. Bastrop did best of all with a 28.8% increase in home sales and a 12.2% increase in median price to reach a new high of $274,946. Hays County showed a 9.8% increase in sales volume and 7.1% increase in median price over February 2020, to $301,000.

Buffington Homes can build your new home in Hays County at Esperanza in Dripping Springs TX. Phase 1 is almost sold out. We’re currently creating an interest list for Phase 2 so that no one misses out on the opportunity to live in this great community.

We offer 5 home designs for the Esperanza Estates series. These homes are 2,689-3,970 square feet with 3 or 4 bedrooms and 3 baths. Prices start in the $680’s.

The Hampton design is 3,039 square feet and has 4 bedrooms and a 3-car garage. Two elevations are available. Elevation B has an optional second floor with a game room, media room and/or fifth bedroom and full bath.

The main floor has open-plan living areas plus a separate formal dining room. The kitchen has a built-in tech center off the breakfast area. You’ll love relaxing in the owner’s retreat with its luxurious bath. Outdoor living options include adding extensions, a fireplace and/or outdoor kitchen to the covered back patio.

Call Kyle Henson at 512-856-5664 or email khenson@mybuffington.com to get on the VIP interest list for Phase 2 of the Esperanza community of Austin TX homes.

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