Austin Texas Team Real Estate Blog


Are Happy Days Here Again? Time Will Tell

This is purely anecdotal evidence with regard to any big turnaround locally, but I have been happy and a little surprised at how much luxury home buying and selling activity we have seen at our company in the last quarter of 2009.  Over the past week or so, agents at our company have been working on the following:

  • Buyers looking at homes up to $3 million
  • Buyers up to $2 million
  • New listing for $800,000

Needless to say, this would make for a phenomenal final quarter for us. 

As always, I get the same question many times each day, "So, how is the market doing these days?"  I'm never one to pull punches, so if things are rough, I say so.  These days, whenever I say that we've been really busy in the second half of the year, most people assume it's because of the much-talked-about tax credit for first-time buyers.  In our case, nothing could be further from the truth.  I have exactly ONE buyer that will benefit from the tax credit (the current one, not the proposed one).

With that in mind, it makes me hopeful for 2010 and beyond, as the economic indicators seem to be improving at last and the general vibe is a positive one.  As I've written before, perception becomes reality, so when people think the economy is getting better, they spend money and it happens.  The converse is also true.  When people are told that times are bad, they stay home and stop spending money.

As a quick example, I still remember the reaction of our clients after 9/11 happened.  They froze.  Our team closed one deal in the entire last quarter of 2001.  Was there less money at that point?  Nope.  Had any of our buyers who cancelled lost their jobs?  Again, no.  They were worried about the financial future of our country, so they stopped buying, at least for awhile.  Unfortunately, THAT is what made things truly bad, not the original source of the fear.

I never advocate lying when friends or clients inquire about the state of the market, but I do advise sharing success stories if you have them.  As economic news (hopefully) continues to improve overall, this could lead to increased consumer spending on many fronts, and we may just see a real recovery. 

Quick disclaimer: Although I minored in Economics in college, the stuff above is just my own opinion.

Thanks for reading!


If you're looking for a home in the Austin area, you can also visit my primary website at  Thanks!

Comment balloon 15 commentsJason Crouch • October 30 2009 03:23PM
Are Happy Days Here Again? Time Will Tell
This is purely anecdotal evidence with regard to any big turnaround locally but I have been happy and a little surprised at how much luxury home buying and selling activity we have seen at our company in the last quarter of 2009. Over the past… more
Austin Takes the Top Spot for Increased Search Activity for Realtor…
I am happy to report that our company has been quite busy selling homes lately here in Austin with the last quarter shaping up very nicely. In fact, this has probably been the most active season for our company in about two years. My friend… more
Avery Ranch Home for Sale - 11016 Casitas Drive - $225, 000
One of our agents just listed a nice home in the Avery Ranch area overlooking the golf course and a scenic pond, too! It's hard to find places in the sub-$250, 000 range like this. Features: 3 Bedrooms, 2 Full Bathrooms 1937… more
Looking for some exceptional mexican food in Austin, try La Condesa…
Living in Austin means residents have a multitude of choices when it comes to great Mexican food. Some of my regular favorites are Chuy's, Maudie's, Jovita's, Manuel's, El Arroyo and Serrano's. There is a new player on the field and they mean… more
Another Succesful Closing - Congratulations Melissa
First-time homebuyer Melissa has a new home and will take advantage of the first-time home buyer $8, 000 tax credit. Thanks, Melissa. If you would like to find out more about the first-time homebuyer tax credit and are interested in buying a… more
Lake Point homes Market Analysis for September 2009
Lake Pointe is a lovely community in Austin Texas that is just minutes away from the Lake Travis area. These homes typically were built between 1996-2009, with an average of 3298 square feet. Most of the lots are just under a quarter acre,… more
Top Ten Social Media Edge Episodes (Both Live and Archived) - Just…
I thought it would be an interesting exercise to see which of our Social Medi a Ed ge episodes have attracted the most attention. We have had 46 shows to date. I'm not sure which one is a more interesting measure of… more
"Social Media Edge" Radio Archives - By Popular Demand!
Every week or two, I get a handful of requests regarding the archives for our BlogTalkRadio show, Social Media Edge. Sometimes these requests are via email, and other times I get quick notes on Twitter or Facebook asking about a particular show… more
Blackhawk Home for Sale - Pflugerville - 20921 Texas Meadows -…
I just listed a home today in the Estates of Blackhawk in Pflugerville which I expect to sell very quickly In fact, I don't think I have seen a home in this price range with the upgrades that this one has to offer. Take a quick look at some… more
Virtual REBarCamp - Learn from the Comfort of Your Home or Office! It…
I was excited to see that the very first virtual Real Estate Barcamp is being held on November 17th. They are anticipating over 1000 agents to attend from across the United States (there are already 272 registered attendees as of this writing). … more