September 2 New Home Sales Booming in Austin Texas and at ABG’s New Modern Homes on Tillery Street in East Austin, Texas
It’s been an unusual time, for sure, but New Home Sales continue to be strong. Home sales soared on through August, continuing an amazing run. This is likely due in part to buyers seeking a more comfortable home in the midst of this Covid-19 pandemic. But, there are other factors of note, and Alpha Builders Group is poised perfectly with its new Modern Homes on Tillery. We have new homes ready to move into and they are priced right. With national sales rising and new home inventory declining, prices will continue to escalate. This is the time to buy.
Home sales jumped 24.7% from the month before, according to the National Association of Realtors. That surge broke the record for a month-to-month sales spike set in June when completed home purchases rose 20.7%. July sales rose 8.7% over the same month last year.
Right now housing is selling at a booming pace. Unfortunately, home prices have increased as a consequence of high demand, relatively low supply and low interest rates. The number of homes available to buy was down. The 1.5 million houses, condos, and townhomes available for purchase in July was 21% lower than the housing inventory on the market one year earlier. That creates an environment where prices have elevated. The national median price for a home topped $300,000 for the first time, reaching $304,100 — an 8.5% jump over July 2019.
Despite the higher price tags, many sellers are fielding multiple offers from buyers eager to take advantage of historically low interest rates that can shave hundreds of dollars off their mortgage payments. Buyers on average are signing a contract to purchase a home 22 days after the property goes on the market, the fastest turnaround ever.
The pandemic may have also impacted the market because more professionals were able to work from home, cutting out the need to live close to the office and ramping up the desire for a larger, more comfortable space as well as moving to a space that also has room for a personal office.
Even as people go back to work, maybe it’s no longer five days a week and commuting becomes much less important, so people can buy further out from town centers.
The designs of the homes from Alpha Builders Group focus on the look and feel but do not forget about the comfort and efficiency. Our homes have all the space needed for home offices and are positioned perfectly for working and living in the same area without the need to commute. Check out our Modern Homes on Tillery community in East Austin and you will agree. You can live and work in one place.
Our design team looks in to every square inch when it comes to the home office space with the perfect design layout. Alpha Builders Group strongly believes in the use of natural light knowing natural light is a huge factor in providing for the vitality of the human work place providing energy to our minds and bodies. Moreover, we carefully select lighting packages knowing how important it is for our future homeowners when it comes to working from home, especially in these uncertain times when comfort and familiarity are so critical.
We have had tremendous interest in our new Modern Homes on Tillery from the beginning and are selling quickly. We will likely sell out of this community fast, so don’t hesitate to buy your new home in East Austin, Texas or you may not have the chance.
Move In NOW … Tillery Street in East Austin … Selling Quickly.
Contact one of our representatives for information about these modern new homes and the available units remaining. Get in now to help customize your new home or come by to better understand the difference a community designed exclusively for the new modern lifestyle can provide. It’s in the holistic design, the quality interiors, and the location near it all.
Share your thoughts with us or contact our Modern Homes on Tillery agent for more information. Stay tuned to the blog for more on these exciting new home communities and come out to visit any of our new modern homes. Inquire with us for more information and be a part of the modern new vibe developing in East Austin.
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