Texas real estate is booming in 2016, but nowhere is it more apparent than the Austin real estate market. Investors and homeowners have been treated to a blend of rising home prices, expanding appreciation rates and home affordability in the first-half of 2016, as all three have outpaced the national average. Home prices for Austin real estate are up from a year ago, although price growth simmered during the second quarter. However, for Austin real estate investors and homeowners, gains in home prices for the last three years have extended the trend of positive price growth after the recession. All in all, the Austin real estate market continues to be one of the hottest markets this year.

Austin, TX Real Estate Market Statistics:

The second quarter ushered in an influx of home prices and appreciation rates, all of which have made significant strides in the right direction. The beneficiary of that has been Austin real estate investing, which remains red-hot in 2016. The second quarter saw one-year appreciation rates of 6.7 percent, and three-year rates of 25.2 percent, compared to the national average of 4.9 percent and 17.8 percent. Those rates have produce massive returns in the form of total equity. In addition, price appreciation and principle payments in the last three years have also boosted total equity growth since the recession. For those considering Austin real estate investments, the following highlights appreciation rates in previous years:

  • Homes purchased in the Austin, TX housing market one year ago have appreciated, on average, by $22,672. The national average was $14,963 over the same period.
  • Homes purchased in the Austin, TX housing market three years ago have appreciated, on average, by $70,253. The national average was $46,878 over the same period.
  • Homes purchased in the Austin, TX housing market five years ago have appreciated, on average, by $105,496. The national average was $82,353 over the same period.
  • Homes purchased in the Austin, TX housing market seven years ago have appreciated, on average, by $116,406. The national average was $77,054 over the same period.
  • Homes purchased in the Austin, TX housing market nine years ago have appreciated, on average, by $125,729. The national average was $31,126 over the same period.
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