Sales continue to trend strong in the San Marcos-Buda-Kyle residential real estate market

In the San Marcos-Buda-Kyle market, total residential sales are showing 23.5% year-over-year growth from October 2019 to October 2020. (Brian Rash/Community Impact Newspaper)
In the San Marcos-Buda-Kyle market, total residential sales are showing 23.5% year-over-year growth from October 2019 to October 2020. (Brian Rash/Community Impact Newspaper)

In the San Marcos-Buda-Kyle market, total residential sales are showing 23.5% year-over-year growth from October 2019 to October 2020. (Brian Rash/Community Impact Newspaper)

The Austin-Round Rock Metropolitan Statistical Area, which includes Hays County, posted another strong month of sales growth, according to the October 2020 Central Texas Housing Market Report released by the Austin Board of Realtors.

The report states the MSA experienced a 29.4% increase to 3,780 in October home sales year over year, while homes continued to sell faster and at higher price points than ever before.

In the San Marcos-Buda-Kyle market, total residential sales are almost as strong as MSA numbers and are showing 23.5% year-over-year growth from October 2019 to October 2020.

“The continued stability and strength of our market will be crucial heading into 2021," 2020 ABoR President Romeo Manzanilla said in a press release. "As we come to the end of a challenging year, I’m proud of the work that Austin realtors have done to stabilize and grow our market.”

Also trending up year over year in the San Marcos-Buda-Kyle area are median home prices, which rose 6.5% to $259,000, and the price per square foot, which jumped 13.5% to $151.


With those numbers, Manzanilla said most property owners should not expect any relief for their wallets, at least not with regard to taxes.

“Combined with rising home values, increasing demand and limited inventory, homeowners should be prepared for their property taxes to continue to increase regardless of tax rates,” he said.
By Brian Rash
Brian has been a reporter and editor since 2012. He wrote about the music scene in Dallas-Fort Worth before becoming managing editor for the Graham Leader in Graham, Texas, in 2013. He relocated to Austin, Texas, in 2015 to work for Gatehouse Media's large design hub. He became the editor for the Lake Travis-Westlake publication of Community Impact in August 2018.


MOST RECENT

Roughly 10% of the total distribution will be reserved for city administration of the Community Development Block Grant Fund. (Screenshot courtesy San Marcos)
San Marcos organizations to receive $1.2 million in funding

Roughly 20% of the total distribution will be reserved for city administration of Community Development Block Grant funds.

Speed limits will drop by 5 mph near downtown San Marcos. (Courtesy city of San Marcos)
Speed limits to be reduced southwest of downtown San Marcos

Portions of the Heritage and Dunbar Neighborhoods will be impacted by the speed limit adjustments.

(Screenshot courtesy San Marcos)
$10 million reimbursement for San Marcos developer passes first of two readings

The amended plan would increase reimbursements for Kissing Tree's developer to $30 million.

Proposed developments on the annexation properties include a multifamily development and a storage facility. (Evelin Garcia/Community Impact Newspaper)
San Marcos approves two annexations

Proposed developments on the annexation properties include a multifamily development and a storage facility.

Texas Gov. Greg Abbott announced Dec. 2 that the Centers for Disease Control and Prevention has allotted 1.4 million doses of the COVID-19 vaccines to the state of Texas. (Courtesy Adobe Stock)
First allotment of COVID-19 vaccinations expected to arrive in Texas in mid-December

About 1.4 million doses of the COVID-19 vaccines have been allotted to the state of Texas and will arrive the week of Dec. 14.

Frontyard Brewing opened Nov. 14 in Spicewood. (Amy Rae Dadamo/Community Impact Newspaper)
New brewery opens in Spicewood and more Central Texas news

Read the latest business and community updates from Central Texas.

Kinder Morgan Vice President Alan Fore addresses Kyle City Council on Dec. 1. (Screenshot courtesy city of Kyle)
City of Kyle accepts $1.38 million payment as part of Kinder Morgan pipeline settlement

Kyle officials accepted a $1.375 million payment as part of a 2019 settlement agreement between the city, the Permian Highway Pipeline LLC and Kinder Morgan Texas Pipeline LLC.

Buda City Council adopted a temporary curbside pickup program Dec. 1. (Screenshot courtesy city of Buda)
Buda adopts curbside pickup program for historic downtown area

A temporary curbside program designed to help small businesses in Historic Downtown Buda has been approved by city officials.

Traffic moves along the upper decks of I-35 near downtown Austin on Dec. 1. The Texas Department of Transportation is seeking public feedback on a $4.9 billion project to improve the 8-mile stretch of I-35 through downtown. (Jack Flagler/Community Impact Newspaper)
TxDOT is spending billions to fix I-35 through downtown Austin, but some community members say the state is wrong in its approach

A report from the Texas A&M Transportation Institute released Dec. 1 said the 8-mile stretch of I-35 from Hwy. 290 to SH 71 is the most congested roadway in the state.

Three additional deaths were reported Nov. 30, and two more were announced Dec. 1, bringing the total to 104. (Courtesy Adobe Stock)
Active COVID-19 cases in Hays County increase to 1,040

Three additional deaths were reported Nov. 30, and two more were announced Dec. 1, bringing Hays County's total total to 104.

The Texas Higher Education Coordinating Board has launched a campaign to address declining college enrollment numbers across the state since the pandemic started. (Courtesy Pexels)
Texas Higher Education Coordinating Board launches campaign to boost college enrollment

The decline in college enrollment across the state of Texas has prompted several agencies to partner up and create online resources for students and counselors.

The Flying Armadillo opened in 2015 and is one of three unique minigolf courses in Hays County. (Courtesy Michael Lambert)
Hays County primed to become unique minigolf stronghold

Beginning in late January, Hays County will become home to three different establishments that will make it a prime destination for unique minigolf opportunities.