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.)
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:
