Northwest Austin home sales increased in February in otherwise flat market

The median price for single-family homes in Northwest Austin rose 7.3 percent to $323,000 in February compared to February 2016, according to data released today from the Austin Board of Realtors.

While most of the Austin area saw stagnant or declining growth in home sales, the number of single-family home sales in Northwest Austin rose 3.5 percent in February compared to the same time last year.

However, ABoR President Brandy Guthrie said a slowdown does not mean the marketing is softening because 2016 was a very strong year for real estate.

“Low inventory levels, high home prices and slowing job growth across the region are preventing a resurgence of the record-breaking numbers experienced the last two years, but overall the region’s housing market remains very strong,” said Mark Sprague, state director of information capital for Independence Title in a statement. “The Central Texas housing market is normalizing into a more stable market.”

See how Northwest Austin compares with other jurisdictions.





By Amy Denney

Managing Editor, Austin metro

Amy has worked for Community Impact Newspaper since September 2010, serving as reporter and later senior editor for the Northwest Austin edition as well as covering transportation in the Austin metro. She is now managing editor for the 10 publications in the Central Texas area from Georgetown to New Braunfels.



MOST RECENT

Austin, Travis County and Austin ISD officials gathered Sept. 24 to discuss local resilience planning. (Ben Thompson/Community Impact Newspaper)
Austin, Travis County, AISD look to build collaboration on community disaster hubs

The governments and school district are looking to grow a network of facilities that can provide resources to residents amid weather emergencies.

Screen shot of Desmar Walkes speaking at a press conference
Austin Public Health eyes possible shift to Stage 4 guidelines

Local health leaders said they want to see the current downward trend of COVID-19 hospitalizations persist before making any changes.

Kyle City Council voted 6-1 and approved the new citywide trail master plan that will utilize 2020 bond election funds for trails that will help connect Austin to San Antonio. (Courtesy Pexels)
CI Nation roundup: Perfect Game coming to Cedar Park; Kyle City Council approves trail master plan to connect Austin to San Antonio and more top stories

Take a look at the top five trending stories across all of Community Impact Newspaper’s coverage areas as of Sept. 24.

Domain Northside rooftop mural
New rooftop mural debuts and 4 other Impacts to know in The Domain and Domain Northside

Read here to learn about new restaurants and businesses in North Austin.

Superintendent Stephanie Elizalde said Sept. 23 though the district has been awarded emergency funding, it has only had access to a fraction of it. (Maggie Quinlan/Community Impact Newspaper)
Austin ISD superintendent lays out barriers to receiving emergency funding

Superintendent Stephanie Elizalde said while it seems that the district has received "millions and millions," it has been able to use a fraction of granted emergency funds.

Austin is one of five cities worldwide included in the company's new integration. (Benton Graham/Community Impact)
Electric scooter company Bird will now show available Capital Metro bikes in its app

Riding a scooter this weekend? Keep an eye out for Bird’s new integration with Capital Metro’s bikeshare.

Kevin Foster, an Austin ISD board trustee, alerted the board Sept. 23 to his concern about a police response at LBJ Early College High School last week. (Maggie Quinlan/Community Impact Newspaper)
Austin ISD trustee questions police response after hoax 911 call

After a large police response to a falsely reported school shooting last week, one member of the Austin ISD board of trustees is concerned about police scaring students.

Several parents of New Caney ISD students spoke at the district's Sept. 20 board meetings about recent allegations that a student brought a firearm to Porter High School's Sept. 18 homecoming dance. NCISD Superintendent Matt Calvert stressed that no gunshots were fired at the event, and that the district is investigating the allegations. (Wesley Gardner/Community Impact Newspaper)
CI Nation roundup: Round Rock ISD trustees considered for censuring; New Caney ISD addresses allegations of student with gun at campus event and more top stories

Take a look at the top five trending stories across all of Community Impact Newspaper’s coverage areas as of Sept. 23.

Now open sign
Archival and preservation agency Monocurate now open in Northwest Austin

Monocurate archives historical photos, documents and stories through material preservation, genealogical research and curation.

Flights between Austin-Bergstrom International Airport and London-Heathrow will resume Oct. 13 for the first time in 17 months. (Courtesy Austin-Bergstrom International Airport)
British Airways to resume service from Austin to London in October

The flights will run three days per week and include COVID-19 safety measures for passengers.