In this issue…
- Our trip to Tulum
- Chris’ project in Travis Heights hits Dwell Magazine
- The market-still strong for sellers but buyers get more discerning
- Recent closings with adorable first time buyers and friends
- Our Short Term Rental Experiment
Recent Trip: Tulum and Coba
Chris and I just returned from an awesome trip to Tulum. Tulum is a small town located about 2 hours south of Cancun, and it’s become suddenly popular in the last few years. It’s known for great beaches, eco-tourism, yoga, fine dining and art.
Our hotel room was a tiny, palm-roofed cabana overlooking the ocean, a 10 minute walk through the jungle to the restaurant, bar and front desk. The best part was NO WIFI or TV in the room, which meant that I got to really unplug while we were there.
The hotel where we stayed, called Papaya Playa Project, was amazing and affordable (for Tulum.) It’s nestled within the jungle and constructed to be in harmony with it. We definitely didn’t feel like we were in an overly-manicured resort, but more like, I dunno, Swiss Family Robinson?
We also took the drive about an hour inland to Coba, Mayan ruins which are just enough off the beaten path that they haven’t yet yanked permission for visitors to climb them, as I understand they have at the more popular sites, like Chichen Itza. We climbed (carefully) up to the top, and looked out over the jungle, where we could hear all kinds of strange noises, including, I think, jaguars. And then on our walk back to the car, we saw a baby spider money. It was magical.
And now I’m home, fully refreshed but half way wishing we had just cancelled our flight home. Until next time, Mexico.
Chelsea House Featured in Dwell
As many of you know, my husband Chris is a real estate developer in Austin and builds houses primarily in 78704. This is an endeavor he took on only about 2 years ago, and I’m constantly impressed by his willingness to dive right into a tough industry, and figure it out.
And all that hard work and persistence paid off this month, with a magazine feature! The home he built on Chelsea Lane in Travis Heights just got featured in Dwell Magazine.
Prices have barely budged this summer, hovering right around $457,000 on average for June, July and August. Inventory is still low, heavily weighted toward a seller’s market. We in fact have less inventory now than we did August of last year.
All of which means, it’s still a market where seller’s have more leverage than buyers. Demand is high, supply is low. But anecdotally I am noticing price reductions on listings, fewer multiple offer situations, and buyers pushing back on seller demands. The whole process feels a bit less fevered than it has in the past. Or maybe I’m just getting jaded?
But my advice to sellers would be, don’t overshoot on your listing price. It’s not the feeding frenzy I have seen in the past. And I think that’s healthy long term for our market.
Do you know anyone who is thinking about selling in Central Austin? I probably have a buyer for them. Email me at email@example.com
Dana, Dave and Jackson closed on a home in southeast Austin with an amazing garden and view.
My fellow Villanova Wildcats Paul and Kim closed on a home in South Austin, a perfect location for work for them both. From frat parties to adulthood, makes my heart happy.
My buyers are all pre-qualified or cash and committed to working exclusively with me to buy property in Austin. They’re not just lookers. They’re serious buyers, and I need homes for them!
I’ve helped several of them contract and close homes recently, but I still have seven sets of buyers looking for homes in Central Austin.
Do you know anyone who wants to sell in Central Austin, or is even considering it? If yes, please drop me an email at firstname.lastname@example.org and we can see if any of my clients might be a fit.
Short Term Rental at Deerfield
We’ve recently listed our home on AirBNB and Homeaway. Chris and I decided to experiment with vacation rentals to find out how much work it really takes, whether it’s profitable, whether we enjoy it, and whether we want to do it long term. We got 4 bookings in 36 hours, so so far so good. For now, we’ll be nomads. If we really get booked up, we might rent an apartment downtown for just a few months.
If you know anyone who needs a short term furnished rental in Austin, send them our way! Have you done STR at your property? I’d love to trade notes.
As always, I’m here to help you with your real estate in Austin. Reach me at email@example.com.