C.J. and I have been quite busy with real estate over the past month. We just closed on a beautiful ranch outside of Burnet for a purchasing client, sold one of our listings in Gabriel's Overlook, contracted another listing in Leander, listed a home in Jarrell and land at Fort Davis. And we have more on the way!

I was recently talking to my mom about how lucky we are. After 35 years in the business, we have a strong referring clientele made up of people we have now sold many homes for and created friendships with. Awesome to work for people we know and the people they refer. Grateful to be busy when the market is still hurting for most companies and their agents.

The following pictures are from the American Beautyberry bush growing wild in our back yard on the ranch.

I saved this native plant from my wife. When clearing brush at our homesite on the ranch, she takes no prisoners. Over the years she clipped it down twice, but when I finally googled photos of its potential and a description she conceded to let it live. Nearly 8 years later and we have a beautiful flowering and fruit bearing native American Beautyberry.

Buyers sought affordable housing inventory outside of Travis County in July 

In July, the Austin-Round Rock-San Marcos MSA housing market experienced a 3.5% decrease in sales overall, with 2,652 closed listings. However, sales increased in Williamson, Hays, Bastrop and Caldwell counties as buyers continue to seek more affordable housing options, according to Unlock MLS’ July Central Texas Housing Report.

With rates around 6.5%, only about half of homeowners in our market can afford a median priced home and only about a quarter of renters can afford a starter home.

Consistently high mortgage rates continue to impact buyer’s purchasing power, but July’s increase in sales in four of the five MSA counties shows the strength of Central Texas housing demand.

Buyers are taking advantage of ample housing inventory and more affordably priced housing options in the market outside of Travis County. This demonstrates that when a home is priced right, buyers are ready to make a move.

With recent reports of softening in the labor market, the Fed is really starting to see reasons to lower the bank rate soon. And, like we've been saying for too long now, healthy inflation and lower bank rates will create lower mortgage rates.

In all of our decades in real estate sales, we have never seen such complex buy / sell / or wait scenarios, but can assure you of a thorough analysis and honest answer when you contact us.

Enjoy the following general market statistics for your area, but do keep in mind every home has a unique market value dependent on specific property and location attributes.

Austin-Round Rock-San Marcos MSA

• 2,652 – Residential homes sold, 3.5% less than July 2023.
• $450,000 – Median price for residential homes, 2.8% less than July 2023.
• 3,812 – New home listings on the market, 0.3% less than July 2023.
• 12,661 – Active home listings on the market, 20.3% more than July 2023.
• 2,567 – Pending sales, 5.1% less than July 2023.
• 5.1 – Months of inventory, 1.0 months more than July 2023.
• $1,530,599,967 – Total dollar volume of homes sold, 6.6% less than July 2023.
• 94.2% – Average close to list price, compared to 94.6% in July 2023.

City of Austin

• 880 – Residential homes sold, 10.3% less than July 2023.
• $585,000 – Median price for residential homes, 1.7% more than July 2023.
• 1,359 – New home listings on the market, 7.6% less than July 2023.
• 4,862 – Active home listings on the market, 23.8% more than July 2023.
• 834 – Pending sales, 14.4% less than July 2023.
• 5.8 – Months of inventory, 1.3 months more than July 2023.
• $662,787,575 – Total dollar volume of homes sold, 10.3% less than July 2023.
• 93.7% – Average close to list price, compared to 94.5% in July 2023.

Travis County

• 1,155 – Residential homes sold, 11.9% less than July 2023.
• $525,000 – Median price for residential homes, 1.9% less than July 2023.
• 1,771 – New home listings on the market, 4.8% less than July 2023.
• 6,364 – Active home listings on the market, 22.1% more than July 2023.
• 1,140 – Pending sales, 9.2% less than July 2023.
• 5.8 – Months of inventory, 1.3 months more than July 2023.
• $808,167,486 – Total dollar volume of homes sold, 13.4% less than July 2023.
• 93.8% – Average close to list price, compared to 94.2% in July 2023.

Williamson County

• 943 – Residential homes sold, 3.8% more than July 2023.
• $428,500 – Median price for residential homes, 0.3% less than July 2023.
• 1,263 – New home listings on the market, 2.4% more than July 2023.
• 3,607 – Active home listings on the market, 16.5% more than July 2023.
• 885 – Pending sales, 1.3% less than July 2023.
• 4.1 – Months of inventory, 0.7 months more than July 2023.
• $460,424,579 – Total dollar volume of homes sold, 1.5% more than July 2023.
• 94.6% – Average close to list price, compared to 95.9% in July 2023.

Hays County

• 401 – Residential homes sold, 4.5% more than July 2023.
• $385,500 – Median price for residential homes, 3.6% less than July 2023.
• 549 – New home listings on the market, 7.4% more than July 2023.
• 1,889 – Active home listings on the market, 20.7% more than July 2023.
• 375 – Pending sales, 5.8% less than July 2023.
• 5.2 – Months of inventory, 0.8 months more than July 2023.
• $202,145,525 – Total dollar volume of homes sold, 2.9% more than July 2023.
• 94.2% – Average close to list price, compared to 93.6% in July 2023.

Bastrop County

• 116 – Residential homes sold, 4.8% more than July 2023.
• $343,745 – Median price for residential homes, 6.5% less than July 2023.
• 173 – New home listings on the market, 2.4% more than July 2023.
• 652 – Active home listings on the market, 26.1% more than July 2023.
• 120 – Pending sales, 3.4% more than July 2023.
• 6.0 – Months of inventory, 0.8 more than July 2023.
• $47,511,644 – Total dollar volume of homes sold, 1.3% more than July 2023.
• 94.1% – Average close to list price, compared to 92.8% in July 2023.

Caldwell County

• 36 – Residential homes sold, 12.5% more than July 2023.
• $291,000 – Median price for residential homes, 2.4% less than July 2023.
• 56 – New home listings on the market, 14.3% more than July 2023.
• 149 – Active home listings on the market, 12.0% more than July 2023.
• 47 – Pending sales, 20.5% more than July 2023.
• 3.8 – Months of inventory, 1.6 months less than July 2023.
• $12,350,734 – Total dollar volume of homes sold, 22.5% more than July 2023.
• 95.1% – Average close to list price, compared to 95.5% in July 2023.

Burnet County

• Closed Sales - 97, up 49.2% from July 2023
• Median Sales Price - $379,000 - up 5% YOY
• Ratio to Original List Price - 91.8% up 1.4% YOY
• Days on Market - 85 - up 6.3% YOY
• New Listings - 143 - plus 18.2% from July 2023
• Under Contract - 94 - up 16.1% YOY
• Active Listings - 675 - way up by 51.4% YOY
• Months of Inventory - 10- up 47.6% YOY

Burnet County Year to Date

• 484 - Residential homes sold, 9% more than first Year To Date over 2023
• $375,000 - Median price for residential homes sold compared to YTD 2023, down 6.2%
• 584 - Active home listings on the market, up 48.6% year to date from 2023
• Homes Under Contract - down 11.1% to 90 YTD from 2023
• 10 Months of Inventory, up 47.6% YTD as compared to 2023



We recently received another referral from a wonderful past client. Our sister in law Carolyn. She counts too!

Google Review

Carolyn Pfau

***** 8 hours ago New

Jon and CJ were so effective at guiding my early real estate decisions that I decided to join their family! Obviously, I am related, but that wasn’t the case when I first sought their professional advice.

It was Jon and CJ who led me through my first real estate purchase, providing solid advice, encouragement, and diligence in their representation. That turned out to be a great decision, and they handled the sale of it with equal ease and knowledge.

They have a ton of industry knowledge and experience, and I would only trust my real estate decisions with them.

Pfau & Company Realtors

Owner

2 mins ago

Thank you for the 5 star rating and testimonial Carolyn. Your first purchase was a really good investment. Our business success is driven by people that care and trust us enough to refer us to their friends and family, as you have done often. We usually do become friends with our past clients, but you became family.

Jon Pfau



Our Listings!

Nicely Remodeled Home in Villages of Berry Creek

Hurry this one won't last long! The layout is spacious and the home is stunning inside and out. The covered back porch provides the perfect outdoor living space to include a hot tub that conveys. Extra backyard privacy is created by the retention pond behind the property, and the breeze and trees keep it cool. The level of landscaping is extraordinary and helps deliver that extra sizzle that really makes this home stand out. Some features include 3 sides rock exterior, privacy fence, recent shingles and foundation repair with lifetime warranty, new HVAC in January 2022 with REMI Halo air filter, convenient office area in master bedroom, stained concrete driveway, fresh interior paint, irrigation system, wood burning fireplace, and epoxy sealed garage floor. The community pool is literally a few houses down the street and the neighborhood is quiet, but close to all things great in Georgetown.

View the tour at www.7614BuckMeadow.Info. Listed at $375,000

Charming Home in Sonterra in Jarrell!

Charming single story home. Enter into an inviting living room and tall ceilings with an open kitchen to dining space and views to the backyard. The owner's suite has a double vanity and dual closets in the bathroom. The secondary bedrooms are spacious with large closets. Designer touches are throughout to include extensive wood looking tile flooring, upgraded lighting and cool pant schemes. The exterior is 4 sides brick, has a perfect covered back porch and a large back yard. Sonterra is a Master Planned community in the Jarrell ISD, offering a community clubhouse, 2 community pools, parks, walking trails, sport courts and playground, with easy access to shopping, dining and IH-35.

View the tour at www.209Moonstone.Info Listed at $240,000



The Perfect Place to Build Your Lake House On Lake LBJ.

Recently Listed for Sale - Lot 3-940 Euel Moore, Kingsland, Texas 78639 -- This is a rare waterfront lot in Kingsland on gorgeous LBJ, a constant level lake. Kingsland has an HEB, many restaurants and is where the Llano and Colorado Rivers converge, providing spectacular natural scenery as well as big water all the way down to Horseshoe Bay and Wirtz Dam. Head up the Llano towards The Slab for sandy beaches and granite rock outcroppings, explore the Colorado and its' summer camp vibe or find a cove or join the party at a sand island. Dock for food and beverages at Wakepoint LBJ or Boat Town Burger Bar from your future lake house. Big features include 4 completed boat slips with 4 locking storage units and power, creating the perfect place, architectural designs and building plans for a 2400 sq. ft. home. HOA fees are for driveway and channel maintenance. The canal was recently dredged and the is approximately 100 yards to open water. Not Builder Restricted.

View the tour at www.Lot3-940EuelMoore.Info Listed at $399,000

Best Value In the Leander Area!

This home is the best value in the area. Perfect opportunity to create equity with some cosmetic updating. Great bones and in good shape throughout. Perfect floorplan with huge owner's suite down, game room or 2nd living and laundry upstairs, a convenient half bathroom downstairs in the foyer, a welcoming covered front porch and large backyard with patio. Westview Meadows has a pool, two parks, basketball courts, playscape, picnic pavilion and Robin Bledsoe Park is minutes away, offering a splash pad, park and city pool.

View the tour at www.211Banner.Info Listed at $319,900 and Pending Sale in 3 days.

Outdoor enthusiasts, this is your West Texas Base Camp!

Located along the historic Texas Mountains Trail in Limpia Crossing, this 10 acre mountain side property offers mile high views. Native trees and flora, wildlife, and star gazing opportunities abound under the dark skies. Protection under the International Dark Sky Reserve ensures you'll have a stellar night sky view, and wild auodad and mule deer have paved rough trails up the mountain for you. Davis Mountains State Park is just five miles away, with great hiking and biking trails. A ten minute drive into historic Fort Davis is where you will find a well stocked grocery story, specialty market, gas and restaurants. Marfa and Alpine are both less than 30 minutes away, and more great hikes are nearby at the Chihuahuan Desert Center and the Davis Mountains Preserve. Visit neighboring McDonald Observatory for more advanced views of the universe, swim the cool spring fed waters at Balmorhea State Park, or use this as your base camp for the Big Bend area less then 2 hours away. The road and building site were improved in 2023. There is power access at the road, an yes, StarLink works here for internet service (even if the map shows it doesn't). Limpia Crossing Property Owners Association has reasonable restrictions that ensure minimal night time lighting and regular community road maintenance. Listed at $105,000.

Please remember if you have any questions about purchasing or selling real estate either now or in the future, call us to discuss your plans and we can help you with your plan.

Jon & C. J. Pfau

If anyone you know might need help with buying or selling or just want to get monthly information for real estate, our link to our newsletter is below. Send it to friends and family. We won't bother anyone but we will give them monthly updates on the market for their own knowledge.

Pfau & Company News Letter Sign Up Here.

Our Business is delivering Exceptional Realty Service -

far exceeding expectations,

grateful to give our best.

Jon: 512-635-0232

C.J.: 512-415-0583

Email: Pfaucorealtors@aol.com