Home sale numbers are down year over year in Central Austin, but prices are up

Between June 2019 and May 2020, the average price of a home sold in Central Austin was about $624,000, up from approximately $586,000 the previous year. (Community Impact staff)
Between June 2019 and May 2020, the average price of a home sold in Central Austin was about $624,000, up from approximately $586,000 the previous year. (Community Impact staff)

Between June 2019 and May 2020, the average price of a home sold in Central Austin was about $624,000, up from approximately $586,000 the previous year. (Community Impact staff)

From June 2019 to May 2020, 3,770 homes were sold in Central Austin, a decrease of 6.34% from the previous year. However, average home values were up—jumping 6.14% from $586,390 to $622,380.


The most significant year-over-year drops were in the 78703, 78705 and 78756 ZIP codes, which cover the West Austin, West Campus and Burnet Road areas. Each of those neighborhoods saw double-digit percentage drops year over year. In total, there were 612 home sales in those three ZIP codes between June 2019 and May 2020, down from 727 the previous year.

While sales were down, prices continued to increase in the Central Austin area, seeing a particularly high jump around the downtown area. The 78701 ZIP code downtown and 78702 just to the east both saw average sales prices jump more than 10% year over year. In the 78705 ZIP code—the lowest-priced in Central Austin due to the number of condos and other different types of housing the West Campus area—the average sales price jumped 19.03%.



MOST RECENT

Capital Metro and the City of Austin are preparing to ask voters in November to fund $7.1 billion of a $10 billion plan to expand public transportation across the city. (Jack Flagler/Community Impact Newspaper)
Project Connect one step away from officially heading to Austin voters

Austin City Council and the Capital Metro board of directors approved a contract with the voters Aug. 7 laying out details of the plan and set up the rules for a board that will make funding decisions.

Rapid nasal swab antigen tests are recommended as options for individuals who were potentially exposed to a confirmed positive carrier, as well as for people traveling, returning to work or undergoing a medical procedure. (Courtesy Total Primary Care)
Find out where to get a 15-minute COVID-19 test in Austin, Dallas-Fort Worth metros

Rapid nasal swab antigen tests are recommended as options for individuals who were potentially exposed to a confirmed positive carrier, as well as for people traveling, returning to work or undergoing a medical procedure.

A mother and daughter visit at Seasons Assisted Living & Memory Care in Conroe earlier in the pandemic. (Courtesy Seasons Assisted Living & Memory Care)
Texas allows limited visitations to nursing homes, long-term care facilities

Facilities that meet the requirements will allow limited visitations, but you still will not be able to hug or kiss your loved one.

Chelsea Wine and Mike Hooker opened Rave On Vintage in 2013. (Christopher Neely/Community Impact Newspaper)
Rave On Vintage will close North Loop store at the end of August

Owners Mike Hooker and Chelsea Wine will transition the store fully to online sales.

Austin ISD trustees approved a new school calendar Aug. 7, delaying the start of the school year until Sept. 8. (Courtesy Austin ISD)
Austin ISD officially delays start of school year until Sept. 8

The district could also extend virtual learning into November based on an approved Texas Education Agency waiver.

Austin Public Health will resume providing coronavirus testing for individuals without symptoms. (Courtesy Adobe Stock)
Asymptomatic coronavirus tests now available through Austin Public Health

Despite relative progress in county efforts to contain the virus, Dr. Mark Escott has urged the community to stay vigilant in social distancing and wearing masks.

Houston-based vintage clothing store Pavement will open in Austin on Aug. 14. (Courtesy Pavement)
South Austin news: Pavement opens new vintage store, YMCA offering child care and more

YMCA of Austin and Extend-A-Care will be offering full-day child care to supervise virtual learning at 10 locations, including Galindo Elementary School.

Austin Mayor Steve Adler (Courtesy ATXN)
Austin mayor pushes for new ideas in policing, $100M cut to police budget during State of the City address

Austin Mayor Steve Adler also said the city needs a police chief who will champion change.

A teal coronavirus graphic
Travis County adds 202 new coronavirus cases Aug. 5

The county has confirmed 22,024 cases of the virus, with an estimated 20,059 recoveries.