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re: This new custom home in Austin has gone unsold for a year; price dropped from $2M to $1.6M

Posted on 6/16/25 at 2:30 pm to
Posted by cgrand
HAMMOND
Member since Oct 2009
46143 posts
Posted on 6/16/25 at 2:30 pm to
quote:

If I'm not mistaken, he told me they had lowered the price on the home around $200,000 before he made an offer.
what would be far more interesting to me than sales price data would be proceeds data…the difference between price of last sale and most recent sale. This is publicly available data but I’ve not seen it complied anywhere…Zillow will show you transactions but that’s just for one house at a time
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
135094 posts
Posted on 6/16/25 at 2:32 pm to
Why think 2M to 1.6M is that big?
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35729 posts
Posted on 6/16/25 at 3:29 pm to
Holy crap, there are a shitload of homes for sale in that area.
Posted by Onyx Aggie
Foothills of the Smokies
Member since Sep 2012
2568 posts
Posted on 6/16/25 at 3:45 pm to
This house is the worst kind of example of bland builder grade "modern". There is absolutely nothing interesting about it. There are amazing modern houses out there at this price point, but this house defines meh.
Posted by onelochevy
Slidell, LA
Member since Jan 2011
17987 posts
Posted on 6/16/25 at 5:00 pm to
That place would suck if you had kids. Nothing to do except ride sheets of cardboard down the hill.
Posted by jizzle6609
Houston
Member since Jul 2009
17234 posts
Posted on 6/16/25 at 5:30 pm to
quote:

Conversely, ppl have been saying this for a long while and it keeps not happening. Reminds me of the line that “economists have successfully predicted 10 of the last 3 recessions


If you all think your houses and everything is priced properly I cannot help yall.

I have reduced spending to necessities. Something is on the horizon.

People keep spending like it’s going out of style.

This will not end well.
This post was edited on 6/16/25 at 5:31 pm
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