SANMARCOS BUDA KYLE EDITION
VOLUME 10, ISSUE 3 JULY 13AUG. 9, 2020
Realtors work tomeet demand of homebuyers
The number of months of inventory has remained low in the past year in Buda, Kyle and San Marcos. The months of inventory equals active listings during a certain period divided by the number of homes sold or pending during the same period.
BY JOE WARNER
Supply is low and demand is high when it comes to real estate in Hays County, especially near the I-35 corridor, where hundreds of houses are being built to satisfy the need. U.S. Census Bureau numbers show the demand as the population increases in San Marcos, Kyle and Buda is a major component in driving the number of residents to an estimated 230,000 in the county. “We are selling houses with multiple oers the rst day they go on the market,” said Allison Paum, a Realtor with the Hays Home Team at Keller Williams Realty and a resi- dent of Kyle. “Interest rates are unheard of, so we have been busy.” At the same time, low inventory has been an issue in Hays County. Paum said sales have been a good mix of newly built and existing homes, but Buda inventory is down 38% from May 2019 numbers and down 24% in Kyle. San Mar- cos shows a slight gain in inventory year over year, but local Realtors said the closer to Austin, the hotter the market. Paum said multiple oers on existing homes often drive buyers in the area to new construction, and dozens of builders are answering the call between San Marcos and South Austin. The coronavirus has also caused buyers to look for dierent CONTINUED ON 28
REPRESENTS ONE MONTH OF INVENTORY
2020 EDI T ION REAL ESTATE
SPONSOREDBY • Brohn Homes • La Cima
Hundreds of new homes are being built in San Marcos, Kyle and Buda. (Evelin Garcia/Community Impact Newspaper) SOURCE: AUSTIN BOARD OF REALTORSCOMMUNITY IMPACT NEWSPAPER
HOTEL TAX REVENUE DECLINES Buda, Kyle and San Marcos are projected to have more than a 40% shortfall in hotel occupancy tax revenue for scal year 2019-20.
SUPPORT LOCAL JOURNALISM
Please join your friends and neighbors in support of Community Impact Newspaper ’s legacy of local, reliable reporting by making a contribution. Any amount matters. Together, we can continue to ensure our citizens stay informed and keep our local businesses thriving. Become a #CommunityPatron
Projected hotel tax revenue Budgeted hotel tax revenue
SOURCES: CITIES OF BUDA, KYLE AND SAN MARCOSCOMMUNITY IMPACT NEWSPAPER
*Buda numbers compare actual January-May 2019 (left) with actual January-May 2020 revenue.
Powered by FlippingBook