Austin Texas Real Estate Appraisal

Valid Only Through 07/30/2017

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

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 indicated that in May 2017 single-family home sales volume increased 9 percent year-over-year to 3,170 home sales in the Austin-Round Rock MSA and rose 9.7 percent year-over-year to 993 home sales in the city of Austin. Home sales growth was equally strong at the county level during the same time frame, with single-family home sales volume increasing 6.3 percent to 1,546 home sales in Travis County and increasing 8.3 percent to 1,117 home sales in Williamson County. Coupled with rising home prices, this recent surge in home sales activity made May 2017 the highest-grossing month for Central Texas real estate in the region’s history. For the first time this year, single-family home sales dollar volume topped $1 billion ($1,234,217,617) in a single month within the five-county area, which is an increase of 18.4 percent from May 2016. This is an all-time high for home sales dollar volume in the Austin-Round Rock MSA. During the same time frame, the median price for single-family home sales increased 8 percent year-over-year to $310,000 in the Austin-Round Rock MSA and rose 8.6 percent year-over-year to $380,000 within Austin’s city limits. At the county level, median sales price increased 8.5 percent to $371,000 in Travis County and increased 6.5 percent to $284,375 in Williamson County. Strong gains in listings activity as well as pending sales activity across the region continued in May 2017, which in turn continues to boost both home sales volume and housing inventory levels. In the Austin-Round Rock MSA, active listings jumped 22 percent year-over-year to 6,972 listings; new listings jumped 15 percent year-over-year to 4,369 listings; and pending sales rose 7.7 percent year-over-year to 3,437 pending sales. Housing inventory levels continued to rise in May 2017, increasing 0.4 months annually to 2.8 months of inventory across the five-county MSA. Within the city of Austin, monthly housing inventory rose 0.2 months year-over-year to 2.1 months of inventory. An analysis of monthly housing inventory at the price class level, however, showed that inventory levels for homes priced under $250,000 mostly remain under one month of inventory throughout the region. The available 2.8 months of inventory of home was less than the Real Estate Center at Texas A&M University’s benchmark of 6.5 months as a balanced housing market.

May 2017 Central Texas Statistics
  • $310,000 – Median price for single-family homes, 8% more than May 2016.
  • 3,170 – Single-family homes sold, 9% more than May 2016.
  • 43 – Average number of days single-family homes spent on the market, less 1 day since May 2016.
  • 4,369 – New single-family home listings on the market, 15% more than May 2016.
  • 2.8 – Months of inventory of single-family homes, 0.4% more than compared to May 2016.
  • $1.23 Billion – Total dollar volume of single-family properties sold, 18% more than May 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
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100 Congress Avenue Suite #2000 Austin, Texas 78701 Office: (512) 769-2659

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Austin Texas Travis County Real Estate Appraisal