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Cool down: 5 houses on the market that have rapidly dropped thousands in price

(Realty Austin)

Gone are the days of paying $100,000 over asking price for a fixer-upper—your dollar now goes a little further in Austin’s real estate market.


Housing prices are dropping across the country, inventory is up, sales are down and the transition into a buyer’s market is beginning as realtors work to set expectations for sellers.

Boomtowns like Austin are seeing some of the most dramatic effects of the slump—while paying over asking price was normal last year, houses are more likely to sell below listing price at the moment.

(Moreland Properties)

This sprawling, two bedroom, three bathroom—including a private one bed, one bath guest apartment—dropped an eye-opening $251,000 on July 14 since it was originally listed for $3,250,000 on June 24. Built in 2001 in the Watersmark Barton Creek gated community, the home was updated this year and last sold for $1,500,000 on April 13, 2018.

This listing is held by Eric Moreland of Moreland Properties.

(Realty Austin)

This three-bedroom, two-and-a-half bathroom Hudson Bend home has views for days, is just over 10 years old and dropped $115,000, originally listed for $1,050,000 on Aug. 9, as of Wednesday. With three stories of open floor plans to spread out—translating to sky-high ceilings in the living room—and multiple decks overlooking the lush greenbelt that allow natural light to flood inside, this home has been on the market for nine days.

This listing is held by Realty Austin.

(Realty Austin)

Located in far South Austin on a corner lot, 1400 Huckleberry Lane first hit the market on May 19 for $566,000 and has since dropped in price five times, sitting at $502,000 as of Wednesday. With three bedrooms, two-and-a-half bathrooms and a large backyard, this house has plenty of space for a family and landscape potential outside. This house was last sold on Jan. 1, 2019 for $283,444.

This listing is provided by Realty Austin.

(Realty Austin)

This quaint little three-bedroom, two-bathroom home is shrouded in greenery and gives off a retro vibe with its stone focal point fireplace, plush carpeting, breakfast nook and sliding doors. Originally listed for $595,000 on May 12, this listing has dropped in price seven times and fallen a total of $104,000 as of Wednesday. It was last sold for $219,900 on Oct. 7, 2015, and leased for $1,595 starting in 2017.

This listing is provided by Realty Austin.

(Realty Austin)

If you’re looking for a Sunset Valley home, 7804 Clydesdale Dr. boasts three bedrooms and two-and-a-half bathrooms across 1,197 square feet, plus a $111,000 price decrease since May. Originally listed on May 9 for $545,000, the home has dropped price six times up to Aug. 11, outside of a month-long stint when it was listed for $551,000 before being pulled off the market.

This listing is provided by Realty Austin.

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‘Like speed dating of cats’ at Purr-fecto Cat Lounge
Purr-fecto Cat Lounge

Lina Martinez with her newly adopted cat, Emmanuel, who she renamed Sullivan.

Timmy and Tommy are ready to play.

As the 2-month-old white-and-tabby brothers swat feather wands, chase toys and generally hold court inside Purr-fecto Cat Lounge, a half-dozen potential adoptive parents look on lovingly, trying to get their attention.

“This is kind of like the speed dating of cats,” said Lupita Foster, owner of Purr-fecto Cat Lounge. “I intentionally didn’t put in any tables. That’s why we call it a lounge instead of a cat café because we have these lounge areas where you can sit and relax and cuddle.”

Foster, who has owned a cleaning company, Enviromaids, for 18 years, was inspired to open Purr-fecto Cat Lounge after adopting her own cat, Romeo, from a local shelter.

“When you want to adopt a cat, you have to spend a lot of time with them to get their personality,” Foster said. “I wanted to do something to help the community and something that makes me feel good, that warms my heart. A business with a purpose. This was a perfect idea.”

Actually, a purr-fect idea.

Inspired in part by a cat lounge she visited in Los Angeles, Foster began laying the groundwork for the business in late 2021 and officially opened the doors of Purr-fecto Cat Lounge, located at 2300 S. Lamar Blvd., in July 2022. Since then, she’s worked with rescue organizations such as Fuzzy Texan Animal Rescue and Sunshine Fund Cat Rescue to facilitate nearly 100 cat adoptions.

At any given time, there are 10-15 cats living in the space, which features an ideal blend of calm, cool corners and adorably Instagrammable backdrops with phrases such as “I want to spend all my 9 lives with you.”

Lina Martinez, 32, learned about Purr-fecto Cat Lounge from a friend’s Instagram post and made an appointment to visit two days later.

“My first impression was, ‘AWW!’” Martinez said. “The kittens were to die for. I felt happy and at peace – just what I needed.”

Visitors to the cat lounge pay $15 for a 30-minute CATXperience session or $30 for a 70-minute session that is spent getting to know the personalities of each cat. Foster said the first thing she typically sees from visitors to the lounge is a smile.

“Everybody that enters the door is smiling,” she said. “And we’ve seen people who have cried because they can’t have kids and they decide to go and adopt a cat instead.”

Foster said she loves bringing in cats who might not have a chance to be adopted at traditional shelters. She told the story of one cat named Izzy, who was partially blind, who was adopted by a family that had a deaf cat at home.

“Izzy was not going to get adopted anywhere else, but she’s extremely beautiful,” she said. “If she was in a cage in a rescue and you tell people she’s blind, she was probably going to be overlooked. But visiting our space, she doesn’t seem like she’s blind. She knows her way around. She moves around perfectly.”

Although Martinez, who had been casually looking for a pet to adopt since moving to Austin nearly four years ago, was interested in a cat named Ruby that she had seen on Purr-fecto’s social media, at the lounge she instead found herself drawn to 5-month-old mixed breed Tuxedo cat.

“I thought he was a star,” she said. “He worked the room and introduced himself to everyone. When I laid down to pet Ruby, he ran from the other side of the room and cuddled with me. It was game over. He got me.”

And she, of course, got him, complete with a commemorative photo that read “My Furrever Family” the day she took him home. Although his original name was Emmanuel, she renamed him Sullivan after her favorite DJ.

“Purr-fecto is special because of the amount of effort and love they put into taking care of the cats,” Martinez said, “and finding them good homes and making possible adopters feel at home.”

Foster, who spent a recent Thursday hosting a group of teenagers in foster care at the lounge, several of whom expressed interest in working there, said the best part about her new endeavor is that her heart is always full.

“I just feel complete,” she said. “I always felt as an entrepreneur that I was missing something. I knew I accomplished a lot, but in my heart I was missing a little connection with the community. Now I’m creating connections between humans and pets and that’s amazing. I’m creating family bonds. It’s just about love, you know. And we need that.”

Austin's 7 Best Indian Restaurants

We all have those cravings for an amazing butter chicken or some authentic dosas with coconut chutney, but when I was thinking about where I wanted to go to satisfy my taste buds I realized that my list of great Indian food around Austin was surprisingly short. After doing some research and asking around, here is your list of the best Indian restaurants around town.

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