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%.

By Jack Flagler
Jack is the editor of Community Impact Newspaper's Central Austin and Southwest Austin editions. He began his career as a sports reporter in Massachusetts and North Carolina before moving to Austin in 2018. He grew up in Maine and graduated from Boston University, but prefers tacos al pastor to lobster rolls. You can get in touch at [email protected]


MOST RECENT

Salvation Pizza, opening in the Austin-Bergstrom International Airport June 16, is one of several new pizza options in the Austin area. (Courtesy Salvation Pizza)
Pie chart: See a map of 11 new, coming-soon pizza options in the Austin area

New spots include Above Ground Pizza opening in New Bruanfels after several permitting delays and Salvation Pizza feeding travelers at the Austin-Bergstrom International Airport

Austin City Council members finalized their spending plan for the federal stimulus dollars before adjourning for their summer recess that will stretch to late July. (Ben Thompson/Community Impact Newspaper)
Austin will dedicate $100M in federal stimulus funds to combating homelessness over two years

In one of their last detailed discussions before their summer break, council members secured funding for several of their individual priorities alongside homelessness allocations.

Photo of Congress Street
The Moontower Comedy Festival will return in September

Headliners for the four-day festival include Margaret Cho, Dave Attell and others.

The extension of Kenney Fort Boulevard is underway north of Hwy. 79. (Amy Bryant/Community Impact Newspaper)
North-south road in Round Rock makes progress; homestead exemption OK'd in Leander and more Central Texas news

Read the top business and community news from the past week from the Central Texas area.

Candlewood Suites is located at 10811 Pecan Park Blvd., Bldg. 2, Austin. (Chris Neely/Community Impact Newspaper)
Austin City Council votes for improved coordination with local counties on homeless issues; no action taken on Williamson County Candlewood Suites purchase before summer break

Council members unaimously approved a resolution aimed at improving collaboration on homeless strategy between Austin and local county officials June 10.

fencing
Land deal snag delays new middle school in Austin's Mueller neighborhood

AISD originally planned to open the middle school by 2022, but has yet to purchase the land from the city of Austin so it can start construction.

Photo of a drive-thru vaccine clinic
Travis County and partners to hold multiple vaccine clinics over the weekend, June 11-13

A drive-thru clinic at the Travis County Expo Center, along with several other neighborhood pop-ups, will offer the Pfizer vaccine this weekend.

Central Austin home prices reached a median price of $675,000 in April. (Olivia Aldridge/Community Impact Newspaper)
City Council votes to double Austin's homestead tax exemption

The exemption's increase from 10% to 20% of a homestead's value follows the passage of an additional exemption increase for senior and disabled Austinites last week.

Daniel Llanes, chair of the Govalle/Johnston Terrace Combined Neighborhood Plan Contact Team, led a demonstration against the rezoning of the proposed Springdale Green PUD site June 9. (Ben Thompson/Community Impact Newspaper)
East Austin residents speak out against Springdale Green PUD plan ahead of final City Council rezoning vote

The project's proposed height of 93 feet has become a point of controversy among residents of nearby neighborhoods as the PUD's rezoning case has moved forward this spring.

Photo of a canned drink and boxed meals
Mayawell launches wellness pop-up in East Austin, plus more area business news

Mayawell's pop-up will serve as a hybrid cafe, wellness shop and community space through the summer.