Southwest Austin - Dripping Springs Edition | July 2020

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2020 REAL ESTATE EDITION

COMPILED BY NICHOLAS CICALE

HOMES SOLD NUMBER OF

201920 SOUTHWEST AUSTIN  DRIPPING SPRINGS REAL ESTATE MARKET AT A GLANCE

June 2018-May 2019

June 2019-May 2020

477

276

+1.89%

-21.74%

The Southwest Austin and Dripping Springs area, which includes nine ZIP codes, mostly saw an increase in average home sales prices and the number of homes sold over the 12-month period ending in May 2020 year over year. Individually, seven of the nine ZIP codes saw prices increase over the past year, and ve ZIP codes

78736 78735

MOPAC

71

486

216

360

78620

35

133

882

78745

12

78749

+47.37%

+12.7%

290

196

994

78747

N

78739

510

864

78748

78737

-8.63%

+0.81%

saw an increase in homes sold year over year. In the region, there were 4,484 total homes sold from June 2019-May 2020, while the number of days a home stayed on the market decreased overall in the region. TOTAL HOMES SOLD IN SOUTHWEST AUSTINDRIPPING SPRINGS June 2018-May 2019 June 2019-May 2020

466

871

380

370

+7.89%

-3.51%

410

357

492

488 -0.81%

6.3% 3.03% 8.67% 8.44% 10.88% 11.22%

4.82% 7.96% 4.37%

20.12%

22.17%

Southwest Austin | Dripping Springs

4,384 homes sold

4,484 homes sold

9.15%

Homes sold

Months of inventory in May

19.71%

19.42%

10.39% 10.84%

4,384

2.2

1.4 -36.36%

11.63%

4,484 +2.28%

10.88%

SOURCE: AUSTIN BOARD OF REALTORSCOMMUNITY IMPACT NEWSPAPER

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