Saturday, March 21st, 2015 at 10:00am. 146 Views
Austin-area home sales and prices both broke records in February, continuing a trend for 2014-2015. A Multiple Listing Service (MLS) report released by the Austin Board of REALTORS® showed that 1,775 single-family homes sold in February 2015, which resulted in a five percent increase compared to February 2014 and the highest number of homes ever sold for that month.
Many REALTORS® have been seeing increased competition among buyers for Austin’s listings, with homes in the most popular areas and neighborhoods going under contract at or over list price within a few days of listing. As Austin enters the most active period of the year for home sales, this same influence looks to be in place for a busy spring-summer.
Along with rising sales,…
Tuesday, March 10th, 2015 at 5:07pm. 223 Views
Austin real estate brokerage Regent Property Group has released a new Austin home search real estate App, designed to let you search for available homes in the Austin market from the palm of your hand. Created for iOs mobile devices, this user-friendly and free App can be downloaded at your online App store by entering, “Regent Property Group,” and then clicking through to complete the process.
Using your mobile Apple device, the Regent App is as simple as click-and-view. You can search for homes while you’re on-the-go and even use your location to discover nearby listings. Driving through a neighborhood you love? Let the App tell you what active listings are nearby! Have a group of “favorites?” The Regent App will help you keep track of your favorite…
Tuesday, February 24th, 2015 at 9:52am. 1,404 Views
Areas with the highest median home values don’t necessarily correlate with the highest home wealth, this according to mapping company ESRI, whose recent research into the financial demographics of Austin, Texas zip codes was reported by the Austin Business Journal.
Austin's "wealthiest ZIP code" was not, for example, the upscale 78746 area of Westlake Hills and Rollingwood or even central Austin’s historic Tarrytown, but rather the south Austin zip code of 78739. 78746, with its median home value of $712,704, ranked second for wealth. 78732, 78737, and 78738 round out the top five.
The zip code of 78739 has a population of 18,352, with 5,823 households. The average household income is $159,738, the average net worth is $1,688,505, the average…
Friday, February 20th, 2015 at 4:31pm. 650 Views
Austin Home Prices Hit All-Time January High
2015 is off to a strong start for the Austin-area housing market. Single-family home prices reached all-time highs for the month of January, according to an Austin Board of REALTORS® report based on data from the Multiple Listing Service (MLS.) Home sales also posted double digit increases.
The median price for Austin-area homes increased 13 percent year-over-year to $240,000, with the average price increasing 14 percent to $310,187. This January 2015 home price increase is the highest year-over-year increase since September 2013.
In January, 1,547 single-family homes were sold, 11 percent more than January 2014. Fifty-four percent were in the $200k-$500k price range, and 35 percent sold…
Friday, February 20th, 2015 at 11:40am. 360 Views
The National Association of Home Builders conducted a study to determine the household features developers expect to most frequently include in new construction homes. This also can be an indication of what homeowners who are remodeling can be expected to want and include. Here are the highlights from a Main Street article on the study:
Master bedroom walk-in closet
A walk-in closet in the master bedroom ranked the number one most desired item in the survey.
Today’s state-of-the-art laundry rooms can have skylights, clothes folding areas, and modern features compared to laundry rooms of yore, with “basically the ability to do pretty much everything but fold the laundry and put it away for you,” said Stephen Melman of NAHB.
Thursday, February 12th, 2015 at 11:48am. 2,142 Views
Austin is buzzing with a variety of social entrepreneurs, but not many of them are pre-teens. Meet Mikaila Ulmer, a social entrepreneur, bee ambassador, and creator of the BeeSweet Lemonade line sold at Whole Foods Market, TOMS, Peoples Rx, East Side Pies, Barton Hills Market, The Natural Gardener, and more.
At only ten years old, Ulmer has created a popular lemonade that not only tastes sweet, but helps save honeybees. Sweetened with local honey and flavored with organic flaxseed and local organic mint, Ulmer donates a portion of the profits from her lemonade to organizations such as Heifer International, Texas Beekeepers Association, and Sustainable Food Center. Her slogan: Buy a Bottle … Save a Bee.
How did this young entrepreneur get her start?…
Thursday, January 29th, 2015 at 3:49pm. 1,451 Views
The Lake Austin Spa Resort announced it will begin offering intimate weeklong cooking programs featuring celebrity chefs, including renowned restaurateurs, cookbook authors, James Beard Award winners, and acclaimed television personalities.
For 2015, star chefs include Food & Wine magazine Special Projects Director and author Gail Simmons; “Top Chef” contestant Angelo Sosa; The New York Times Chief Wine Critic Eric Asimov; James Beard Award-winning Chef and “Top Chef” notable Hugh Acheson; and founding Food Network personality Sara Moulton, among others. The Lake Austin Culinary Experience ™ program will be offered one week of every month and also will feature the resort's own Executive Chef Stéphane Beaucamp, who began his culinary training in Paris,…
Thursday, January 22nd, 2015 at 3:21pm. 730 Views
Austin-area home sales set records for December and for 2014
Austin-area homes sold at a record volume in December 2014 and for 2014 as a whole, according to a Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®. December sales were 14 percent higher than in December of 2013, with 2,283 single-family homes sold. Yearly sales were two percent higher than in 2013, with 27,768 homes sold. This was the fourth straight year of increases in annual home sales.
“The Austin area experienced a strong, stable housing market in 2014, with year-end 2014 showing similar market conditions to those one year ago,” said ABOR President Barb Cooper. “Last month, the U.S. Census Bureau named Austin the third-fastest growing big city in…
Tuesday, January 13th, 2015 at 11:18am. 620 Views
Austin-Round Rock was named the top city in the nation for real estate investing by Forbes, with Texas cities claiming five of the top ten spots and 25% of the cities overall.
The list “favored those with the strongest population growth,” and Austin’s 3.6% annual job growth rate, according to the latest figures from the Bureau of Labor Statistics, beat the 2% national average. The Austin metro area’s population expanded by 8.9% between 2010 and 2013. The rankings were based specifically on strong population growth so “the stock of potential tenants for would-be landlords is abundant.”
However, these factors also mean there is increased competition for available homes, and thus upward pressure on home prices. The Forbes article states that while,…
Thursday, January 8th, 2015 at 4:41pm. 934 Views
The main message of prominent economist Angelos Angelou’s 2015-2016 Austin Economic Forecast: Austin’s growth will continue in 2015. In the 30th annual forecast for the Austin area, Angelou Economics reported that Austin's long term concerns for the future are water, affordability, and traffic.
Sixty-six thousand people moved to Austin in 2014, a 3.5 percent increase from 2013. The growth rate is expected to be the same in 2015, with about 65,000 new residents. Unemployment is expected to stay below 4 percent. Approximately 39,100 jobs were created in 2014, and over 2015-2016, an additional 69,400 jobs are expected to be added, most in professional and business services. The top growing job industries are predicted to continue to be…