DATA: Georgetown housing market regains strength in June report

In a June housing market report, the five-county Austin-Round Rock Metropolitan Statistical Area saw a 9.3% year-over-year increase in home sales, per the report. (Liesbeth Powers/Community Impact Newspaper)
In a June housing market report, the five-county Austin-Round Rock Metropolitan Statistical Area saw a 9.3% year-over-year increase in home sales, per the report. (Liesbeth Powers/Community Impact Newspaper)

In a June housing market report, the five-county Austin-Round Rock Metropolitan Statistical Area saw a 9.3% year-over-year increase in home sales, per the report. (Liesbeth Powers/Community Impact Newspaper)

The Greater Austin area is rebounding from a dip during the coronavirus pandemic, according to data provided by the Austin Board of Realtors.

In a June housing market report, the five-county Austin-Round Rock Metropolitan Statistical Area saw a 9.3% year-over-year increase in home sales. This helped hold sales to only a 5.2% decline during the first half of 2020, it said. A total of 3,969 homes were sold in the MSA in June, bringing up the median price by 4.6% to $340,000, per the report. Sales dollar volume also increased 13.1% to $1,674,070,282, it said.

“Strong home sales in June are good news for the real estate market across the region,” ABoR President Romeo Manzanilla said in a news release. “The increased sales last month helped limit the impact of the pandemic on the first half of the year overall. Increased pending sales signal a strong month of sales in July, but we have to remain cautious as Texas experiences a spike in COVID-19 cases and [as] we are seeing shrinking housing inventory.”

Despite an increase in pending sales, new listings dropped 5.4% to 4,170 listings, and active listings dropped 32.2% to 5,300 listings, it said.

In Georgetown, double-digit, year-over-year growth returned for a few figures in June.


In June, Georgetown saw a 12.3% year-over-year increase in residential home sales—including single-family housing, condominiums and townhomes—closing on 164 homes, data shows. The median price remained flat year over year at $275,000, it said.

Georgetown saw 119 existing home sales and 45 new construction sales, the report said.

In Williamson County, home sales in the first half of 2020 declined 3.6% year over year to 5,767 home sales, data shows.

Sales dollar volume remained flat at $1,877,370,936, and the median price increased 2.8% to $291,920, the report said. New listings decreased 4.8% to 7,325 listings; active listings dropped 19.2% to 1,803 listings; and pending sales increased 6% to 6,958 pending sales, it said.

In June, home sales increased 16.1% year over year to 1,352 home sales, and the median price increased 4.9% to $304,090, per the report.

New listings increased 2.1% to 1,400, while active listings tumbled 35.1% to 1,615 listings. Pending sales spiked 41.7% to 1,605 pending sales, it said.

“There are plenty of unknowns in the months ahead, but June home sales across the MSA being up 9.3% YoY was tremendous when considering the strength of 2019. And while home sales declined throughout the Austin-MSA during the first six months of 2020, we are still on track for a strong year,” said James Gaines, chief economist for the Real Estate Center at Texas A&M University, in the release.
By Ali Linan
Ali Linan began covering Georgetown for Community Impact Newspaper in 2018. Her reporting focuses on education and Williamson County. Ali hails from El Paso and graduated from Syracuse University in 2017.


MOST RECENT

Lingering symptoms, long-term impact of COVID-19 will take time to fully understand

Dr. Mary Katherine Theoktisto answers questions regarding the virus.

Road construction Adobe Stock
Nightly closures on I-35 mainlanes north of Georgetown planned this weekend, June 11-13

Both directions of I-35 mainlanes will be totally closed at points this weekend as the state demolishes a bridge.

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.

Gypsy Ice can be found at different locations in Georgetown and be requested for events. (Courtesy Gypsy Ice)
Gypsy Ice sweets trailer now open in Georgetown

Gypsy Ice offers a variety of naturally flavored shaved ice.

Amberlin Georgetown will feature resort-style amenities. (Courtesy Compass Communications)
New active adult community Amberlin Georgetown to bring 188 residential units

The active living community will provide 188 residential units for residents 55 and older

Wayne Reed has served as assistant city manager since January 2016. (Courtesy city of Georgetown)
Assistant City Manager Wayne Reed leaves Georgetown

Police Chief Wayne Nero will serve as interim assistant city manager.

The amendment will allow for an increase of residential units from 7,500 to 7,575 at 135 Sun City Boulevard. (Courtesy Hunter Pontious)
75 new residential units coming to Sun City

Georgetown City Council approved the increase on June 8.

Gov. Greg Abbott, center signed Senate Bills 2 and 3 into law June 8 in response to the devastating winter storm last February. (Trent Thompson/Community Impact Newspaper)
Gov. Abbott signs bills to reform ERCOT and weatherize Texas power grid

The bills will go into effect Sept. 1 and aim to reform ERCOT leadership and increase accountability and communication among power agencies.

Other sections of the city charter to be considered for revision include qualifications for city employees, City Council vacancies and general power, among others. (Ali Linan/Community Impact Newspaper)
Georgetown City Council leans toward establishing term limits

Council members agreed that if the charter amendments receive voter approval, they would take effect after Jan. 1, 2022.