Happy Saturday folks! I’ve been digging into some residential real estate data for East Austin this morning and decided to make a chart to answer one of the biggest questions I’ve had pinging around in the back of my head: where would we expect prices to be if the pandemic pricing effects on the real estate market had never happened?
If you take a look at the chart, the red line is what actually happened with median prices in East Austin, the black dotted line is our current 10-year trend line and the orange dotted line is where we would probably be today if prices had followed their normal, pre-pandemic climb. So, East Austin may be down 17% from the peak pricing, but we’re still bouncing around 5–10% above the long-term trend and prices have been in that same range for almost two years.
I think we’re slowly drifting back to our longterm trend line but East Austin sellers are still benefitting from a decent pandemic bump in equity for the time being – but not for long. Buyers have a bit of pricing stability and negotiating room to work with for the time being.
Are there any other charts y’all think I should make? Shoot me a message with your ideas and I’ll include the best charts in next week’s newsletter!
Neighborhood News
Waterline, Texas’ New Tallest Tower, Tops Out in Austin
U-Haul Releases 2025 Mid Year Migration Trends
Texas Senators Approve Plan to Cap Property Tax Increases for Cities, Counties
MLK Bridge Over I-35 to Close for Demolition Friday, Saturday Night
Mueller Real Estate Update
Icon Homes Underway: The 3D printed homes, which broke ground in late May, are expected to be completed by the end of this year. They started printing this past week and I’m loving the new basketweave pattern they debuted here, (shown on the right). Reach out if you’re interested in one of the final 3 remaining bungalow options, which will be a part of the Mueller Affordable Program.
Mueller Market Moves: We’ve seen an uptick in activity the past couple of weeks with 6 new listings, 4 homes going under contract, 1 Private Listing and 3 price reductions.
Click Here to Check Out Our Team’s Latest Listings
Open House Schedule – It’s a Bye Week!
Our team won’t be hosting any open houses this weekend – I’m taking the weekend to spend time with family and make a trip (or 5) to Ikea to add some storage to our kitchen.
We’ll pick back up with our regularly scheduled programming next Sunday!
Tools You Can Use
Last month I mentioned our “Make Me Sell” option – if you missed it, here’s a recap.
This week, I wanted to highlight a tool that more and more sellers are choosing to use to maximize their home’s value: “3 Stage Marketing.”
Phase 1: Launch as a private listing to validate pricing.
Phase 2: Launch as a “Coming Soon” to generate early demand.
Phase 3: Launch on all public websites with the right price and momentum gained through pre-marketing.
If you’re interested in more details, I’ve made a little summary here. Or better yet, reach out and schedule some time to chat, below!
Thank you for your response. ✨
Andre Boudreaux 