Market Data: Southwest Austin housing market up year-over-year in March, but prices down slightly from February

The housing market in Southwest Austin held in March despite changes in local real estate services amid the ongoing coronavirus pandemic. (Courtesy Fotolia)
The housing market in Southwest Austin held in March despite changes in local real estate services amid the ongoing coronavirus pandemic. (Courtesy Fotolia)

The housing market in Southwest Austin held in March despite changes in local real estate services amid the ongoing coronavirus pandemic. (Courtesy Fotolia)

The Southwest Austin housing market saw 9.9% year-over-year growth in home prices for the month of March, according to the most recent housing data released by the Austin Board of Realtors. The median home price in the market reached $399,000, despite changes in local real estate services and home showings amid the ongoing coronavirus pandemic.

“For most of March, it was still ‘business as usual,’ and Realtors adapted early to continue serving homebuyers and sellers safely,” ABoR President Romeo Manzanilla said in a statement released April 16. “Declines in listing activity and pending residential sales in March indicate that we won’t begin to see the true impact of COVID-19 on the housing market until our April report.”


Year to date, median home prices have increased by 11.8% in Southwest Austin.

However, compared to February, prices have slightly declined, from $402,750 to March’s $399,000 mark.

Although listing activity was down across the Austin metro, activity stayed consistent in Southwest Austin from February to March, with 1.1 months of inventory on the market and 416 new listings during that time.
By Nicholas Cicale
Nick has been with Community Impact Newspaper since 2016, working with the Lake Travis-Westlake and Southwest Austin-Dripping Springs editions. He previously worked as a reporter in Minnesota and earned a degree from Florida State University.


MOST RECENT

Courtney Manuel (center), I Live Here I Give Here executive director, and and board chair Kathy Smith-Willman (right) stand with Edward B. Burger, St. David's Foundation executive director, during Amplify Austin Day 2020. (Courtesy Trent Lee Photography)
Here's how to support Central Texas nonprofits during ninth annual Amplify Austin Day on March 4-5

The annual 24-hour giving campaign will begin at 6 p.m. on March 4.

People wait in line to receive a vaccine at an Austin Public Health vaccination site. (Nicholas Cicale/Community Impact Newspaper)
Texas offers COVID-19 vaccinations to school, child care workers

Educators, school staff and child care professionals are qualified to receive coronavirus vaccines effective immediately.

In response to Gov. Greg Abbott's March 2 announcement that Texas' statewide mask mandate and COVID-19-related business restrictions will be lifted as of March 10, the Texas Education Agency released updated public health guidance March 3. (Courtesy Adobe Stock)
Updated Texas Education Agency guidance allows individual school boards to determine mask policies

"Under this updated guidance, a public school system's current practices on masks may continue unchanged. Local school boards have full authority to determine their local mask policy," the release reads.

H-E-B will continue to require employees to wear face masks until further notice. (Nicholas Cicale/Community Impact Newspaper)
H-E-B to require employees, ask customers to be masked despite upcoming expiration of governor's mandate

H-E-B officials announced their employees and vendors would still be required to be masked while on the job, and customers would be encouraged to wear masks while in stores.

Photo of DSISD headquarters
See the latest school zone options under consideration for Dripping Springs ISD

Adjustments between February and March included making students from The Views at Belterra community eligible to attend Rooster Springs Elementary School.

Snapology is hosting camps in person this summer. (Courtesy Snapology)
2021 Southwest Austin and Dripping Springs summer camp guide: 37 options including virtual and in-person offerings

Our list of camps happening in Austin and Dripping Springs this summer includes options focusing on academics, arts, sports and language.Our list of camps happening in Austin this summer includes options focusing on academics, arts, sports and language.

Photo from inside a movie theater
Alamo Drafthouse files for bankruptcy, closes theaters in downtown Austin and New Braunfels

Most theaters will remain open under an asset purchase agreement to the company's senior lending partners.

Jeanne Cooper (left) and Melissa Greenwell opened C'est Chic in 2009. (Nicholas Cicale/Community Impact Newspaper)
Gift shop C'est Chic has been a presence in the Southwest Austin community for more than a decade

C'est Chic owners Melissa Greenwell and Jeanne Cooper met in 1995, when both their children attended Kiker Elementary School, and opened the store in 2009.

Winter Storm Uri ice
Winter storm closures deepen financial woes for Austin’s pandemic-battered restaurant scene

Some restaurants in Austin lost thousands of dollars in lost business due to business closures during Winter Storm Uri.

The 15,000 square-foot building is located on Signal Hill Road. (Nicholas Cicale/Community impact Newspaper)
First look: Upscale wedding venue The Arlo coming to Texas Hill Country

Owners Ron and Lisa McGuire purchased the 9-acre property in 2004. The Arlo opens in March and is booking for the 2021 and 2022 wedding season.

Photo of a SpaceX sign
Elon Musk's SpaceX is coming to Austin

Job postings on the SpaceX website say the company is breaking ground on a "state of the art" manufacturing facility in Ausin.

Austin ISD and other districts in Central Texas are waiting for further TEA guidance on mask requirements. (Courtesy Adobe Stock)
UPDATE: Most Central Texas school district say they will continue requiring students, staff to wear masks; updated TEA guidelines expected later this week

Texas Gov. Greg Abbott announced March 2 that mask mandates and business capacity restrictions will be lifted in Texas.