Tuesday, February 22, 2011
Thinking about leasing in Austin, TX? You may need help from a qualified Realtor!
Leasing inventory is down 45% from last year. The number of lease properties on the market in 2010 was 2,660 as compared to the current 1,466. Those numbers include Homes, Condos, Townhouses and Duplexes.
As the basic rule of "Supply and Demand" plays out, the median price for a rental was $1,100 in 2010 and is now $1,200 reflecting a 2% increase over last year. That increase is expected to rise in the next few months.
You will need a competent Realtor to help you with your search. One who has access to all lease inventory through subscriptions to MLS, Rentals.com, Smartlocating.com, and other sources to uncover lease opportunities for you and streamline the process. Stop driving around town looking for "For Lease" signs! remember, all fees are paid by the landlord so services to the tenant are free.
If you are a landlord and have property that you would like to lease, remember that JB Goodwin Realtors leases 6 days quicker than the average MLS listing. That's 6 more days of rental income in your pocket!