Ryan Rogers: the Austin Real Estate Market is Doing Just Fine

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Always wanted a home on Lake Travis? Horseshoe Bay? Get your checkbook ready!

Our Austin and Hill Country real estate guru, Ryan Rogers of Austin-based Kuper Sotheby’s, tells us the crash in oil prices may result in great vacation home buys.

Lots of “motivated seller” emails are crossing his desk now on $4 million lake houses with significant reductions. (Take a look at this bargain lake-front lot below.)

16142 CLARA VAN STREET, AUSTIN, TX 78734
.69 acres, $275,000! Backs to 25 acre greenbelt with creeks and walking trails! Close to The Oaks at Lakeway, walk or golf-cart to the marina just down the road where you can store your boat/jetski or other water toys!

The Austin market had such an inventory shortage going into COVID-19, prices here should stay stable. But dramatic COVID-19 job losses could result in a slew of affordable homes coming on the market if people cannot sustain their mortgages.

Watch out: short urban redevelopment in East Austin that started in 2008/09 was the quickest to rise — and could be quickest to fall — as East Austin has abundant inventory. Sleeper neighborhoods in the outer ring suburbs? Bastrop, Smithville, Lockhart … and as for the hot ranch finds… listen up:

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Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

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