U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Austin
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-18-2015, 08:36 AM
 
198 posts, read 235,365 times
Reputation: 104

Advertisements

I figure it might slow down sales because people generally do not go out to purchase homes when it's raining like this and people may get wary about moving to certain areas. Or is this just wishful thinking
Reply With Quote Quick reply to this message

 
Old 06-18-2015, 09:02 AM
 
Location: Austin, TX
12,827 posts, read 28,846,003 times
Reputation: 6389
Well, not 'wishful' if you are a seller. And while property along the Blanco River may devalue some, there wasn't really much in the way of serious house flooding anywhere else that I am aware of.
Reply With Quote Quick reply to this message
 
Old 06-18-2015, 09:07 AM
 
1,045 posts, read 2,005,408 times
Reputation: 717
I would say that extreme weather conditions, like we saw recently, will slow down the industry by a couple weeks (no one wants to go out in the rain, etc) but it will not slow down or affect the market.

Anywhere metro region can experience flooding; I think most buyers realize that, and that is why the rains will not stop the hot real estate market that Austin is currently experiencing.

In some ways, it might help the market go up, because Lake Travis is a little higher now, and it is some what of a selling point.
Reply With Quote Quick reply to this message
 
Old 06-18-2015, 09:26 AM
 
Location: Austin, TX
10,827 posts, read 9,457,826 times
Reputation: 6186
It will help the market, except those in flood prone areas. Properties along Lake Travis below 700' may be impacted.
Reply With Quote Quick reply to this message
 
Old 06-18-2015, 09:31 AM
 
Location: home
1,235 posts, read 1,132,185 times
Reputation: 1068
Quote:
Originally Posted by AustinDude360 View Post
people may get wary about moving to certain areas.
Which areas would that be - areas that flood?


Like anywhere near:

Brentwood?
Brushy Creek?
Williamson Creek?
Shoal Creek?
Onion Creek?
Blanco River?
Comal River?
Guadalupe River?
San Marcos River?
shores of Lake Travis?
shores of Lake Austin?
Blunn Creek?
Walnut Creek?
6th Street?
North Lamar?
South Lamar?
Bull Creek?
Harris Branch?
San Gabriel River?
Barton Springs Rd?

The only real evidence I see of floods creating a change in market values was in 78744, where the Halloween Floods of 2013 (and subsequent buyouts/ conversion to parkland) reduced inventory in the area.


Reply With Quote Quick reply to this message
 
Old 06-18-2015, 10:00 AM
 
198 posts, read 235,365 times
Reputation: 104
So it sounds like in the short-term buyers may be able to get some deals because homes may sit because of the weather (since people do not generally shop when it rains like this).
Reply With Quote Quick reply to this message
 
Old 06-18-2015, 10:56 AM
 
Location: Austin, TX
12,827 posts, read 28,846,003 times
Reputation: 6389
I doubt it. A week or two of lower buying activity will just result in some houses being on the market 10 days instead of 2.
Reply With Quote Quick reply to this message
 
Old 06-18-2015, 11:12 AM
 
Location: Avery Ranch, Austin, TX
8,163 posts, read 13,558,082 times
Reputation: 3427
Quote:
Originally Posted by Trainwreck20 View Post
I doubt it. A week or two of lower buying activity will just result in some houses being on the market 10 days instead of 2.
Yep, slowing from 90mph to 80

Might not hurt the BIL's three acres on the river just below Marble Falls. FINALLY has some water in the 'river'
Reply With Quote Quick reply to this message
 
Old 06-18-2015, 11:33 AM
 
1,372 posts, read 1,382,593 times
Reputation: 4141
Its a good time to figure out where NOT to buy
Reply With Quote Quick reply to this message
 
Old 06-18-2015, 02:40 PM
 
Location: home
1,235 posts, read 1,132,185 times
Reputation: 1068
Quote:
Originally Posted by wpme View Post
Its a good time to figure out where NOT to buy
Why is it a "good time"?

Flood maps are always available - even during a drought.

New maps come out Jan. 1st, 2016
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Austin
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 07:07 PM.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top