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Expert Tips for Home Buyers & Sellers

Our mission at Culhane Premier Properties is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

Tuesday, January 24, 2017

Have Lakefront Home Values Gone Up?


Have lake property values gone up now that Lake Travis is back to full pool? We’ll break down the numbers today. 

Thank you for sending us your questions. Today, we’ll answer Rebecca, who asked, “Have lake property values accelerated now that Lake Travis is full?” 

Lake Travis dropped to its lowest point in 2011 thanks to the drought. In May of 2015, the rains came, and the lake went back to full pool in about a month. 

Home values did slide in 2011, when the lake was at its lowest point. Then, home values proceeded to bottom out in 2014. That year, the median price for a Lake Travis waterfront property was $565,000. In 2015, the rains came and the median price rose to $675,000. At the end of 2016, home values made a full recovery with a median price of $774,000. 

The water levels in Lake Travis also impacted the number of home sales. In 2014, Lake Travis only had 63 closed transactions. That number went up to 93 home sales in 2015, and in 2016, 157 lakefront properties sold. 

So, lakefront properties are now back to pre-drought values. However, just because Lake Travis has seen an increase in home values doesn’t mean that your home has seen the same rate of appreciation. 

Lakefront home values have made a full recovery.

Home values vary from property to property and from area to area. The Austin area Board of Realtors says that from November 2015 to November 2016, home values in Austin grew by 7%. If you break that down, though, you’ll see that Williamson County appreciated by 12%, Travis County appreciated by 1%, and Hays County appreciated by 8%. 
If you have any other questions you would like us to answer or if you want to know what your home is worth in today’s market, just give me a call or send me an email. I would be happy to help you!

Wednesday, October 26, 2016

Where Is the Austin Market Headed?


Whenever a client asks me how the market is doing or where it’s headed, I usually have one answer for them: it depends on where you look.
Whenever a client asks me how the market is doing or where it’s headed, I usually have one answer for them: it depends on where you look.


Today I’d like to answer a question that I get frequently from many of our clients: where is the market going?

My answer to this question is usually, “It depends on where you look.” We’ve put together some specific market stats that help us align where different price points of certain areas of town are either appreciating or depreciating; however, it’s important to realize that every area is appreciating or depreciating at a different rate.
How the market is doing depends on a lot of specific factors.

No matter what neighborhood you live in, whether you have a waterfront property or a condo or any other kind of property, the market can vary drastically from area to area. For this reason, it’s important to be educated on the microeconomic concepts that we’re discussing.

When somebody asks us where the market is going, we can usually give them a general answer, but after that, we have to get very specific with the types of properties and locations that we’re talking about.

If you’re curious about what’s going on in your particular neighborhood or you have any questions about buying or selling real estate in the Austin area, give us a call or send us an email. We’d be happy to point you in the right direction!

Friday, September 9, 2016

Maintaining Your Heating and Cooling Systems



With summer nearly over, I’m sure you (like me) have been reminded just how much we use our air conditioning. Soon, in the winter, you’ll also be reminded of how often you use the furnace, too.


It’s one of the major systems in your home, and a surprise issue with one of these systems can be a nightmare if handled improperly. That’s why I wanted to share a video from Angie’s List that I recently saw about proper maintenance of your heating and cooling systems.


If either unit is having issues, did you know you can actually hire technicians who are specially trained to work on certain brands? For example, if you have a Trane system, you can find a tech who is trained specifically to work on Trane products.


Secondly, always remember to get a second opinion when someone recommends that you replace a system because oftentimes a repair will do. You want to be certain when it comes to a part of your home that should last 20 years, especially considering the cost of a replacement.

"...be proactive with service on these systems."

Unfortunately, as the video points out, there are a lot of people out there in that deal in these systems and prey on customers that don’t know any better. If you’re hiring a company, you should investigate them by checking out their web reviews or social media pages. 


Also, be proactive with service on these systems. If you wait until the system is broken down and needs repair to get it checked out, you’re now at their mercy.

As always, for any real estate questions, feel free to give me a call or send me an email. I’d be happy to answer them for you!