Among its many distinctions (one of America’s fastest-growing cities, the live music capital of the world, the #1 city to start a business, and the list goes on …), Austin can now add “the most expensive Texas market” to the list. That’s right: the 2016 Coldwell Banker Home Listing Report, which ranked more than 2,000 markets across the U.S., concluded that Austin has the highest average listing prices in all of Texas.
The report, which analyzed home prices for 51,000+ properties listed on its website between January and June 2016 in 2,168 markets nationwide, found that the average listing price of a four-bedroom, two-bath home in Austin is $414,563. And the two other Central Texas markets that took second and third place in the report, Boerne and Georgetown, aren’t far behind. The sale price for four-bedroom/two-bath homes in those cities averages $362,230 and $354,266, respectively.
As for other Texas metro areas that appeared on the report, Houston-area suburbs Sugar Land and The Woodlands ranked Nos. 7 and 8; Round Rock ranked No. 9, and Dallas-Forth burbs Keller and Frisco ranked Nos. 6 and 10.
Does this mean the influx of new residents to ATX will slow? Probably not. Nationally, Austin landed at No. 519 on Coldwell Banker’s list, and our home prices still seem like a bargain to many. Take California, which is home to 15 of the top 20 most expensive housing markets in the country. See what other markets topped the list.
Regardless of what top honor Austin earns next, it looks like its distinction as a highly-desirable, world-class city is here to stay. We’re glad to call it home, and we love helping our neighbors navigate the ever-changing Austin market. If you’re buying or selling your Austin home, give Blairfield Realty a call at 512.912.1910. We look forward to working with you.
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