Welcome to our Georgetown Real Estate Update with “Georgetown Sticks and Bricks” by Jay Warren!
Our beautiful city is growing! And our Real Estate Market is Vibrant! Georgetown has been in the top 10 fastest growing cities in America for the last 5 years!
Our good friend Jay Warren, Managing Partner Georgetown Berkshire Hathaway HomeServices and a fellow lover of Georgetown, has prepared a Real Estate Analysis for us so we can see what’s happening in the residential real estate market.
February 2018 Sticks and Bricks by Jay Warren
“It is a great time to get into the Real Estate market or increase your holdings, prices continue to rise and we are still at historic lows for interest rates.
Comparing January 2018 with same period 2017, we see continued good news.
Single family home sales on the west side in 2017 – 80 in 2018 – 87 for an increase of 8.75%.
On the east side of town even better 2017 – 29 and in 2018 – 40 for an increase of 37.93% (Awesome).
Average prices increased as well, so if you are a home owner, your investment is doing well.
On the west side of town average sales price 2017 – $360,975 in 2018 – $400,277 up 10.88%.
and on the east side of town even better again 2017 – $268,950 in 2018 – $309,445 up 15.05%.
All around gains across the board, with new construction on both sides of the highway.
If you lived in your home that you own on January 1st, be sure that it is homesteaded with the appraisal district for tax savings. The city has once again lowered the effective city real estate tax rate percentage, but with increased values the total tax burden may go up, so take advantage of all the exemptions you can.
Feel free to call or email with any questions.
Have an awesome day, week, month, and life in this great city!”
“I’ve had intimate experience with properties in most Georgetown neighborhoods, making me an invaluable person to talk to when it comes to relocation to or within this area. I’m confident that I can save you not only tens of thousands of dollars, but a great deal of time and emotional energy as well.
“I’ll take the time to find out what you really need most from me as a professional real estate agent. If you would like to know anything about my services, or if you’d like to hear about the local market from a human voice, please contact me at your convenience.”
Number’s provided by Austin Board of Realtors. MLS
Jay Warren, REALTOR
Managing Partner Georgetown Berkshire Hathaway HomeServices Texas Realty