One of the major benefits we offer our investor clients is exclusive access to our advanced real estate market research and data. As one of the top 100-ranking real estate teams in the nation, we participate monthly in Gary Keller's (Keller/Williams) mastermind group, where we gather cutting-edge market insights to share with our investors.

The following is the State of the Market: Vizcaya Georgetown Real Estate Update given to our investors by Tanya Kerr of T. Kerr Property Group in November 2023. It contains an overview of national and local data and economic statistics, a real estate market update, upcoming and current development in our area and Vizcaya specific information:

0:12 - About T. Kerr Property Group - Meet the team

1:43 - State of the Market Agenda

2:37 - Top 100 Real Estate team ranking - we mastermind with Gary Keller and access insider info

3:10 - Unemployment - 3.9%

• Less job openings, no increases in pay

• National stats say this unemployement is low

• 9 million job openings

• 6.36 unemployed pleople

• The jobs available are harder to fill

4:34 - GDP - 4.9 %

• Very high and strong

5:41 - Inflation

• Real estate receaded faster than the economy.

7:49 - Home sales in Central Texas

• Signs in yards longer

• Sellers pivoting to renting

• Projections - next year will be similar

• 2025 will be a strong year

8:56 - National trends

• We’re 7% the trend line

10:58 - Interest rates

• See-saw - market has been volitile this year

• Interest rates follow inflation

• Lowest they have been in a quarter

• Projection of lower rates mid-2024

15:13 - Local trends

• Homes are sitting longer, but trends are seasonal

• Less days on market in the Spring

• People are opting to rent or stay in their properties

• Inventor is at 3.2 months of inventory

• We are inbetween a seller’s and buyers market

• Their are less buyers now, they have more leverage and time to decide

• Our pricing in 2020-2021 - pricing went up, affordability went down

• Our market’s interest rates were felt more because salaries did not go up but interest rates did

• Our market has shifted and plateaud

• We have the largest list to sales price

• People are paying less for the home than what it’s listed for.

22:08 - Challenges of local market

• Inventory - we have more inventory, but more people are withdrawing their homes from the market making it a good time to list

• Buyers have more leverage at the moment

• Interest rates have created the sluggish market

24:08 - Upcoming develompments

• Samsung, Apple, Amazon, The District, etc.

29:10 Vizcaya News:

• Heritage has closed construction - final homes for sale

• Restrictions - green area surrounding the neighborhood is zoned for light-commercial property.

• Fire Station - built on Caruso, but they are looking for other land.

• Commercial areas - near Westinghouse and AW Grimes

39:29 - Thanks for coming!