austin rental market: Austin Rental Market - June 2007 Update - 07/29/07 04:57 PM
Rents continue increasing overall in Austin, as the number of homes rented drops. The average leased price of a home in Austin for June 2007 is $1364 per month, up 7.5% from $1269 in June of 2006. Average days-on-market for homes rented in June 2007 was 41 days. The median days on market was 28 days, which means half of all homes listed in the Austin MLS for rent were leased in less than 28 days. We are clearly moving back into a solid Landlord's market.
Below is a graphical representation of Austin's rental market history from 1999 to June 2007. It's … (1 comments)

austin rental market: Quick-turning an Austin rental home - pros and cons - 07/07/07 02:01 PM
I moved two new renters in on Sunday July 1st. Both moved into homes that had been vacated by tenants with leases ending Saturday June 30th. There are all manner of things that can go wrong with such a tight turnaround, especially on a weekend.
Nevertheless, I've always been a proponent of quick-turning a rental unit whenever possible. The most I ever did was 12 next-day turnovers on May31/June1 back in the year 2000. That was pure madness, and I was still out checking up on the properties, painters and my carpet people at 1AM on the 1st. It didn't go … (0 comments)

austin rental market: Austin Rental Market Update - 06/22/07 10:56 AM
The average rental price in Austin is up 7.6% from May of last year to $1377. The Median rental rate is up 3% to $1175/mo. Days on Market is down 27% and number of homes leased is down 15%. In short, our Austin rental market for single family homes continues to chug along very well, with rents steadily rising. The drop in number of homes leased is, according to property managers I know, largely due to more renters renewing their lease instead of moving or buying a home.
When talking with investors about the Austin Rental Market, and putting into context … (0 comments)

austin rental market: Feb 2007 Austin Rental Market Update - 03/21/07 07:32 AM
The Austin Rental Market continues to show steady improvement for landlords. Average and Median rents for single family homes are up about 5% from Feb of last year. Median Days on Market dropped 7.8% to 47 days, meaning half of all homes leased through the Austin MLS took longer than 47 days, and half took less than 47 days to lease.
I do suspect, however, that good Austin Property Managers and Landlords achieve better results than what my stats show. For example, Sylvia and I purchased another investment home last month in Oak Hill (built in 1973, none of our investors wanted … (0 comments)

 
Steve Crossland, Austin TX Real Estate (Crossland Real Estate)

Steve Crossland

Austin TX Real Estate

Austin, TX

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