Austin Texas Real Estate Appraisal

Valid Only Through 04/30/2017

Gray & Associates have provided Real Estate Appraisals for the Central Texas Area since 1981 with over 20,000 appraisals completed, we have the experience to meet all of your Appraisal Needs.

Call us directly at (512) 769-2659

Over 35 Years of Local Appraisal Experience!

As one of the most prominent appraisal and consulting firms,
Gray & Associates Appraisal Services has been called upon to provide valuation services for the area's most noteworthy real estate concerns and property owners. These services have involved a variety of properties.

Our reports conform to the requirements of government agencies, lending institutions, courts, clients, under the Uniform Standards of Professional Appraisal Practice (USPAP). This is done through full narrative or form reports to best serve the client's needs and level of documentation desired.

Contact us directly at (512) 769-2659
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How Does a Home Appraisal Work?

We agree on the terms and scope of the appraisal

There are many different uses and types of appraisals, and if I can save you money by selling you a less expensive appraisal that suits your needs, I would like to offer that.

We schedule the on-site property appraisal inspection

I will measure, ask questions, take pictures and notes, and get a feel for the condition and quality of your home. After the appraisal inspection, I will look at relevant comparable properties in your neighborhood, both sales and listings.

We confirm our data, and begin preparation of the report

When the appraisal report is complete, we will email it to you in a PDF file, which is the typical format for the industry.

Three Generations of Appraisal Experience!

As one of the most experienced Central and South Texas full service appraisal firms in the Austin area, we provide a comprehensive answer for valuation concerns. Our appraisal, education, and experience are second to none for the Central and South Texas area. All of our appraisers are licensed or certified by the State of Texas.

With education and experience we take pride in providing a consistent service of thorough, accurate analysis of your real estate problems.

Contact us directly at (512) 769-2659
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Central Texas Market Conditions

The Austin area was ranked as Best Place to Live in the USA by U.S. News & World Report on 02/07/2017 based on quality of life, job market, value of living there and people's desire to live there. U.S. News estimated that about 50 people move to Austin every day.

According to the most recent data available from the Austin Board of Realtors the Central Texas housing market now appears to be normalizing into a more stable market compared to very strong housing market activity in 2016 as single-family home sales in the Austin-Round Rock MSA were essentially flat in February 2017, increasing 0.9 percent year-over-year to 1,829 home sales. Single-family home sales declined from February 2016 in many cities surrounding Austin, with the exceptions of Buda (up 30 percent year-over-year to 26 home sales), Cedar Park (up 20.7 percent year-over-year to 70 home sales), Leander (up 8.8 percent year-over-year to 62 home sales) and Austin (up 6.4 percent year-over-year to 617 home sales).

The median price for single-family homes in the five-county MSA rose 6.5 percent to $287,000 in February 2017. During the same time frame, the monthly housing inventory for single-family homes in the Austin-Rock MSA increased 0.1 months to 2.1 months. This is two-thirds less than the Real Estate Center at Texas A&M University’s benchmark of 6.5 months as a balanced housing market.

Most Recent 2017 Central Texas Statistics
  • $287,000 – Median price for single-family homes, 7% more than February 2016.

  • 1,829 – Single-family homes sold, 1% more than February 2016.

  • 61 – Average number of days single-family homes spent on the market, 4 less than February 2016.

  • 2,897 – New single-family home listings on the market, 4% more than February 2016.

  • 2.1 – Months of inventory of single-family homes, 0.1% more than compared to February 2016.

  • $652 Million – Total dollar volume of single-family properties sold, 9% more than February 2016.

    With offices in Austin and San Antonio we serve all of Travis County, Bexar County, Comal County and Williamson County including the cities of Austin, Alamo Heights, Bee Cave, Buda, Bulverde, Cedar Park, Georgetown, Hutto, Kyle, Lakeway, Lake Travis, Leander, Manchaca, New Braunfels, Oak Hill, Pflugerville, Round Rock, Rollingwood, San Antonio & Westlake Hills.

    The Appraisal Process

    There are three traditional approaches to establishing real estate value: the Sales Comparison Approach, the Cost Approach and the Income Approach;

    The Sales Comparison Approach is the most commonly used and most widely known. In this approach the appraiser compares the property being appraised to similar, nearby properties that have recently sold using the selling prices of those “comparable” homes as a basis for the value of the home being appraised.

    In the Cost Approach to value the appraiser calculates the replacement cost of the structure(s), less any depreciation, then adds the value of the underlying land to develop an estimate of the replacement cost.

    The Income Approach estimates the value of the property based on the amount of rent the property might produce. This approach is more commonly used in non-residential properties, and although it has application in residential valuation, historically, there has not been much readily available rental data; therefore most residential appraisals do not include this approach

    Call us to order your Appraisal (512) 769-2659
    Send your orders to

100 Congress Avenue Suite #2000 Austin, Texas 78701 Office: (512) 769-2659

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Austin Texas Travis County Real Estate Appraisal