Who We Are
Welcome to Elysium Real Estate Investments LLC
The state of Texas boasts a thriving residential real estate market. Elysium Real Estate Investments LLC “Elysium REI” recognizes this potential and leverages the expertise of its dedicated team members to provide investors with insightful guidance on where best to place their funds. From Houston to Austin, San Antonio, Dallas, and Corpus Christi, we comb through the latest trends and data points, ultimately presenting unique opportunities that meet our client’s long-term financial aspirations. Focusing solely on residential properties, we continuously evaluate the local market and scrutinize demographic trends, economic indicators, and volatility in housing demand to distinguish neighborhoods offering a potential appreciation of property value.
In order to provide our clients with full transparency and empower their decision-making abilities, our due diligence process is exhaustive. Upon reviewing a property’s financial history, assessing the physical condition of the structure and evaluating potential rental income and expenses, Elysium REI maintains full transparency throughout the investment process to build trust and establish long-lasting relationships with clients.
Get in touch with one of our Portfolio Managing Members (PMM) if this aligns with your interests and goals!
The Residential Real Estate Market In Texas
Texas is known historically as having an unwavering commitment to making its real estate market flourish through consistent growths overseen by relatively puny costs when compared with other regions across America. Nevertheless, an incoming surge of inhabitants lead to an increase in demand for shelter followed by steep inclines regarding home valuation prices statewide but even during these tumultuous times brought about by COVID-19 according to reporting from the Texas A&M Real Estate Center, sales remain strong in Texas.
Low-interest rates aid homebuyers’ accessibility toward ownership growth despite current economic conditions. However, the state’s energy industry which is its economic backbone is susceptible to sporadic oil price changes that could possibly impact the housing market. With continuous population increases, challenges surrounding affordability and availability of housing may become evident within urban areas.
The Texan housing market has maintained its robustness over the years. While this success deserves recognition it would be unwise to ignore possible risks and challenges lurking on the horizon.
How have the residential real estate markets faired in the last 5-7 years?
Recent years have brought about distinct changes within residential real estate markets in response to varying factors.
The residential sector has experienced considerable success with an upsurge of buyers investing heavily due to low-interest rates on mortgages coupled with strong employment opportunities across many states nationwide. According to statistics released by the National Association of Realtors (NAR), there is noteworthy evidence that indicates an overall increase of 5.2% in home values across every housing category within America’s borders from 2016 through until mid-2021 alone! Furthermore contrasting data released by NAR indicates that existing home sales rose considerably during this same period by as much as an estimated 6.7%. While relatively similar success stories exist concerning commercial real estate properties located throughout regions nationwide over timeframes spanning from five to seven years as well several distinct differences compared to the residential industry exist. Primary constituent factors for this success revolve around solid economic growth and real interest rates across various property types; hence reducing commercial vacancies with strong rent hikes experienced throughout most markets.
Through updated progress reports and unwavering client accessibility, our commitment to helping individuals achieve their financial goals is paramount. As an investor looking to build lasting wealth, it’s essential to take a strategic approach to your investment choices.
Texas
As per the statistic of 2023, Texas is now home to approximately 30 million people, the second most populated state right after California. Texas is now one of the fastest growing states in the United States and thus the price of real estate properties comes at an attractive price. In March 2023, the price of the home sale went up by 41.3% with an average median price of $340,200.
Houston
If we check the statistics, in Houston, homes are usually sold after 55 days on the market. The residential real estate market of Houston is balanced, that is the demand and supply for residential estates are more or less equal. In 2023, the median listing residential property price is approximately $347.2k, over a year. That being said, the price per square foot equals $180. $325k was the median home selling price.
Houston’s Inventory has slightly increased compared to the past few years. Although a number of buyers faced a lot of uncertainty due to inflation, however, single-family rentals have witnessed considerable gains. The surge for single families was near about 25.5 percent in March 2023, compared to March 2022.
Austin
Now if we have a look at the statistics of Austin, the average listing home price in Austin was near about $635K, which is 4.3% year-round. In March, approximately 4,385 residential properties made their way into the market. This increased the listing price to approximately 6.6% from 2022. The active listing rate increased up to 377.7% which increased the inventory from 0.5 per month to 3.0 on a monthly basis.
The average sale price of a home in Austin as of January 2023 was $530,000, which decreases 5.4 % over the years, but is still above the average price of $359,000.
San Antonio
The rate of the real estate market in San Antonio has been declining a bit since 2022.
San Antonio, the second largest city in Texas, has an increase of the home price by 6%, which adds up to $364,080, and the median price at $299,000. Additionally, there are 3.2 months of inventory currently available.
Nevertheless, the price per square foot has increased by 2.8% showcasing that the sellers are maintaining the price similar to the current real estate market trends.
Dallas
Speaking of Dallas, the median price in April 2023 was $450K. This rate goes down by approximately -13.5% per year. Now, based on the analytics it reflects that the home value for Dallas might drop 0.5% between January 2023 to 2024. Thus the real estate market has little chance of crashing down, even if there is a downturn
Unlike Houston, the demand and sale of single-family apartments decreased to 27.24% in January 2023. But the median price increased to 4.11% and the price per square foot also increased from $187.39 to $181.18
Corpus Christi
The listing price of Corpus Christi was trending 2.7% year-over-year. While the average home listing price was $285k, the price per square foot was $173.Like Houston, the residential real estate market is balanced. The demand and supply of homes are equal.
The median price of selling homes was $319,900 in 2023 April, and 788 homes were sold, which is 1293 higher compared to 2022.
We are confident that choosing residential real estate in Texas as one such strategy can yield notable benefits over time.
It’s evident from current market conditions that real estate in residential has achieved commendable results in recent times – albeit with some struggles for commercial property amidst COVID-19. Looking ahead, however, we can reasonably expect that market demand will remain steady thanks to factors like burgeoning populations and a thriving economy.