This Austin Suburb Dropped 30% In Value!

Austin suburbs have been the place to get better prices than Austin. Now is the time to consider buying a home in one of these zip codes? Why? Year Over Year we have seen a drop up to 30% in some of these zip codes. When Investors find out? And rates drop back into the 5's... These prices will just increase. Many people said they wish they bought in 2019... Don't let 2023 be your 2019.
#crash #homebuying #austin
The Knight Group are a Platinum Top 50 husband/wife Real Estate Team helping over 70 families a year make home ownership a reality. We are passionate about providing each and every client with service more extraordinary than they’ve received.
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[@ehren5347]

Leave my Pflugerville alone

[@JeremyAKnight]

Just showing where you should be looking to buy 😜

[@ehren5347]

@@JeremyAKnight Pflugerville sucks, don't move here, there's a crazy guy in Carmel trying to buy the whole place and lakeside meadows :D

[@pkruez2089]

What's good about Pflugerville?

[@ehren5347]

@@pkruez2089 30 minutes from downtown, good schools, good jobs, still affordable.

[@wokinprogress4671]

Thank you for the info! I'm looking to settle down in one of the suburbs. I would greatly appreciate it if you could make videos of the pros and cons of those suburbs. Have a good day!

[@JeremyAKnight]

👍

[@user-gl5lb2xy9p]

Thank you for the analisys, can you please make the video for Lakeway, Bee Cave, Dripping Springs. !!

[@harvam]

Great breakdown of the trends Jeremy, especially wrt. zipcodes. Would love to see a video on Bee Cave vs. Lakeway vs. Dripping Springs!

[@JeremyAKnight]

I’ll try to get it out next week

[@user-gl5lb2xy9p]

Thank you for the analysis, can you please domake a video Lakeway, Bee cave, Dripping Springs

[@AtlanticIslander]

Interested in seeing more on Bee Cave. Thanks for your insights.

[@JeremyAKnight]

Next weeks video will be on Bee Cave.

[@AtlanticIslander]

Awesome, thank you so much!

[@AgentContentCreators]

Great info!

[@JeremyAKnight]

Thanks!

[@Catsandchickens]

Manor has a big problem in the school district. The new Interim Superintendent is a breath of fresh air, but there is so much corruption to clean up. Avoid if you have school age children imo.

[@stefanforest7582]

Cool, new information. Cedar Park is interesting, I only watch a small part of it. In that small area, everything under $220/sqft may sell sooner or later. Many home owners try to start with $250, but end up at about $220 some months later. Huge homes ( >4000sqft) need even a lower price per sqft. If we assume 15K property tax, and probably other costs, starting high is not always the best strategy. As a side note, Lennar dropped their prices recently by up to 25% and offer sometimes nice low mortgage rates.

[@JeremyAKnight]

And Lennar builds a terrible product.

[@stefanforest7582]

@@JeremyAKnight I fully agree, I would never buy a Lennar home... but if Lennar lowers the price, others in that segment will follow soon. Highland or Milestone are probably smarter choices in terms of quality, but these home cost a bit more.

[@vichupayyan]

@@stefanforest7582 Milestone and Lennar goes hand in hand. Highland from outside looks good, but everything is optional and comes with cost

[@jorgesmith2000]

Sounds like a rare opportunity in Drip. Thanks!

[@JeremyAKnight]

Very good opportunity. I just bought a rental in drip.

[@jorgesmith2000]

I think I know which neighborhood. I was thinking the same too. Pretty convenient location. Good bang for the $

[@radhamurali7652]

I wish I bought 2023. Paid higher premium for a house to be closer with a family due old age. And now, the prices dropped crazy and retirement life is killing us.

[@shadowgov9721]

insane prices , you got to be kidding me !

[@carefulconsumer8682]

From listening to all the macroeconomists, I suspect there's lots more correction to be had in Austin and may other areas that sky rocketed up in price the last few years, esp with thousands of new houses coming on to the market by end of this year and all next year. Time will tell! A lot depends on the Fed.

[@lalaaguilar6255]

There are a lotnof good optiins for new builds in Buda belore 350

[@mattmcd31]

My neighborhood in Pflugerville has dropped 25%

[@kingofthesofas]

Do you think 78642 is going to keep holding it's value? It feels a bit like the lakeway/bee cave area before they blew up in prices. Lots of wealthy tech workers moving in still from California

[@JeremyAKnight]

I think it will. You may see fluctuations. Yet, it will be strong over time,

[@kingofthesofas]

@@whatupnow We found a part of it in Leander ISD that is Georgetown water which is like the best of both worlds.

[@12044m]

We bought in New Braunfels 2 years ago 👏🏻👏🏻👏🏻

[@JeremyAKnight]

Good choice!

[@Ashish1984]

Would that be considered Austin Suburb? Being that far out, more like SA suburb

[@JeremyAKnight]

@@Ashish1984 it’s actually an area where Austin and San Antonio overlap with our MLS’s

[@pbennet1]

Hi! Can you create a video covering Goodnight Ranch in Southeast Austin? I'd like to know your thoughts on this master planned community!

[@JeremyAKnight]

We have clients that work with us in these areas. If you’d like to work with us. We can definitely give you more info on this area. I don’t have southeast on my list of upcoming videos though.

[@pbennet1]

@@JeremyAKnight Thanks for the reply. We're closing on a house in the community in a couple of months. I've been a subscriber of your content for a couple of years and rarely see Southeast Austin covered so I asked. It's another affordable area in Austin right now so I hope to see you cover it in the future. Cheers!

[@JeremyAKnight]

Thanks. That’s the problem. I do this for free and then people don’t use us or go straight to the builder. It would cost me a lot of time and money to go out there and do a video for no one to use us. It just doesn’t make financial sense.

[@pbennet1]

@@JeremyAKnight Oh, that makes sense. As a watcher, I don't know the ins and outs. I thought you just research online and then bring the content to us. I was thinking about covering more southeast communities when you cover great Austin master-planned communities to look out for or something like that. Thanks for the clarification!

[@mrprfct7069]

@@JeremyAKnightain’t that the truth. We show a customer a few houses. They decide not to move forward. A few months later she tells us about a new subdivision she put down a deposit straight to the builder then she wanted “free” help with the ordeal after the fact. We can’t help you know 😂 have fun with your build. It would have cost her nothing to continue to have us show her homes. She claimed it was a spurt of the moment and didn’t want to miss out. Some people have to learn the hard way. Still baffles me people think you make these videos because you have a lot of free time. People need to understand YT isn’t your business, real estate is. Why is that so hard for some to understand? Anyways, hope to see you again at sycamore 😂

[@Uwolz]

Suprised Hutto was looked over.

[@jfowler53]

Hutto was on there

[@mlmoreno75]

Where is all the inventory? Prices might drop but with high interest rates, people aren't selling, and many aren't buying.

[@Ashish1984]

Why is everyone piling up in Georgetown despite the below average school system?

[@JeremyAKnight]

Originally it was prices, location, and things to do. It’s a nice area.

[@abhinavvujjini]

I hold a rental home near Lake Pflugerville. Do you suggest holding it for few years with the hope of prices going up in next 2-3 years or selling it? TIA

[@JeremyAKnight]

That’s not an easy question to answer. I don’t know the financial situation with that property. Also, time in market is always better than timing the market. So, you should look at your cash flow and figure out if that will be enough to cover and hope you gain equity on top of what the tenant is buying down.

[@semityyy]

Are you getting a positive cash flow? Just curious, it looks like rent prices are low compared to mortgage payments this days.

[@ehren5347]

You should bring Javier back on.

[@JeremyAKnight]

What’s he saying now?

[@ehren5347]

@@JeremyAKnight He's showing that houses aren't priced right.

[@AgentContentCreators]

@@ehren5347 good. Maybe sellers will get it.

[@mattmcd31]

Do you ever compare prices to 4 years ago in 2019, pre pandemic insanity?

[@JeremyAKnight]

I show the chat that I created. We are still well above those numbers

[@JoinYourLocalActiveClub]

The key thing this video fails to address is racial demographics. But yea, keep talking zipcodes

[@JeremyAKnight]

Due to redlining and other rules. I’m not allowed to discuss that topic. You’re more than welcome to search for yourself if that’s something important to you.

[@ImMeandYouAreYou6942]

We’ve had 5 homes sell in my pocket neighborhood in the last 5-6 weeks and prices are down about 6% off from their highs in late 21/early 22. I expect to see flat prices where we once were by May 24 and at new highs come the end of 24 (depending on the election results).