Friday, September 19th, 2014 at 11:57am. 190 Views
Another Dip for Monthly Home Sales Volume
In August 2014, Austin-area home sales declined compared to last year for the second consecutive month, but prices continued to rise. According to the Austin Board of REALTORS® Multiple Listing Service (MLS) report, Austin-area home sales decreased four percent year-over-year in August to 2,835 single-family home sales.
Double Digit Rise for Home Prices, Strong Year
However, the median price for single-family homes jumped 11 percent to $247,500, and the average price rose nine percent to $311,414. In addition, single-family homes sold more quickly, spending an average of 42 days on the market, one day fewer than August 2013. The total dollar volume of single-family properties sold also is up, to…
Tuesday, September 16th, 2014 at 11:49am. 557 Views
The Austin Business Journal has released its annual list of the top 25 private schools in Austin, Texas. The rankings from the 2014 Book of Lists are based on the 2012-2013 school year.
The top-ranked school is Regents School of Austin. Regents is a Classical Christian school in Travis Country in southwest Austin. Approximately 1,000 students in kindergarten through 12th grade are enrolled in the school as of the 2014-2015 school year, and 12 percent of the 2014 seniors are National Merit Scholars. Regents’ student/faculty ratio is 9:1, with 60 percent of the 7th grade to 12th grade faculty having advanced degrees.
In addition to rigorous academic programs, the school offers drama, dance, orchestra, band, choir, and visual art electives with state…
Thursday, August 28th, 2014 at 3:44pm. 771 Views
Six-pack? 12-pack? Maybe somewhere other than Texas. An Austin brewery has found the perfectly proportioned package of beer in its new seven-foot, 99-pack box, which is, by all accounts, the world’s “first and only” 99-pack of beer. At 12 ounces each, that’s over half a keg’s worth of beer – and a mighty heavy (82-pound) box that takes a few folks to carry and may or may not fit in your car, at least conventionally.
Austin Beerworks released the limited edition $99 package in conjunction with renaming its original ale, Peacemaker Anytime Ale. While this may sound like a joke or a piece for the The Onion, Austin Beerworks commented: “Is it a joke? Yes. Is it real? Also yes."
We brew what we like to drink.
The 99-pack is only available with…
Friday, August 22nd, 2014 at 3:48pm. 2,083 Views
Austin-area Real Estate Statistics
This month’s Austin real estate market report is dominated by two statistics: a dip in home sales for the first time in over three years and an annual increase in housing inventory for the first time in three years.
In July, Austin-area home sales dipped three percent to 2,944 single-family homes sold, according to an Austin Board of REALTORS® Multiple Listing Service (MLS) report. Since this is the first decrease in home sales since May 2011, it is notable, but it also follows a surge in June, which saw a double digit increase of 13%.
In addition, “July 2013 had the highest monthly home sales volume in Austin’s history, so we knew it was going to be a tough month to beat,” said ABOR President…
Thursday, August 14th, 2014 at 2:45pm. 840 Views
The wait was long – but now it’s over! The expanded Alamo Drafthouse in the Lamar Union complex on South Lamar opens to the public this Saturday, August 16. After an extensive renovation, the venue will feature three brand new auditoriums for a total of nine screens.
Just in time to host Fantastic Fest 2014 and the Austin opening of director Michel Gondry’s highly anticipated Mood Indigo, the Drafthouse will now be part of the same building as The Highball, which features seven karaoke rooms, a ballroom dance floor and stage, a lounge area, and an outdoor patio.
“We wanted to preserve as much of the spirit of the old Alamo South Lamar but extend on the ideas we explored in the first place," said CEO and founder Tim League. “We hired the same…
Friday, August 8th, 2014 at 12:47pm. 1,046 Views
From the political capital of Texas to the music capital of the world
Discover the how and when of Austin’s weird roots in the “When Austin Got Weird” exhibit at the Bullock State History Museum. Set to run until September 14, 2014, the daily exhibit explores the artists and music venues that defined the counterculture of Austin in the 1960s and 1970s.
Visitors can reminisce upon famous musicians portrayed through the viewpoint of poster artists, in posters created between 1967 and 1980. Featured musicians include Janis Joplin, Willie Nelson, Pete Seeger, Stevie Ray Vaughn, Fats Domino, and the Ramones. The exhibit also includes posters for many Texas music favorites, such as Asleep at the Wheel, Sir Doug and the Texas Tornadoes, and Shiva's…
Monday, July 28th, 2014 at 5:02pm. 412 Views
There may be some relief for the tight housing market in Austin, Texas: new construction is on the upswing. Home starts in the Austin area increased seven percent compared to last year, according to housing information and consulting firm Metrostudy. 2014’s increase brings home starts to 9,782.
Of note is the upward trend of price points. “In the last 12 months we’ve started 22% more homes between $500,000 and $750,000 than we have below $150,000,” said Madison Inselmann, Regional Director of Metrostudy’s Austin market. “That right there tells you all you need to know about the shifting fundamentals in the Austin market.”
He said that at this time last year, 11% of new home starts were below $150,000. Today, that percentage is “nearly a third” of…
Tuesday, July 22nd, 2014 at 10:01am. 470 Views
Austin-area home sales reached an all-time high this June, increasing 13 percent over June 2013, according to a Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®. This pace puts 2014 in the running for Austin’s highest all-time sales volume, potentially breaking last year’s all-time high record.
“The 2014 summer selling season in Austin was expected to be strong, and June 2014’s home sales activity did not disappoint,” said ABOR President Bill Evans. “Austin’s housing stock is rising to meet the area’s continually strong housing demand, and as a result Austin saw a sharp rise in home sales in June 2014.”
Housing inventory reached 2.8 months in June, the highest level of inventory seen since August 2013, and .2 months…
Wednesday, July 16th, 2014 at 4:28pm. 535 Views
A group of kids from the Austin Sunshine Camps was in for a treat at a recent Austin Aces match, courtesy of real estate brokerage Regent Property Group. Regent donated tickets so Sunshine Camp kids could experience Austin’s first professional tennis team play at the Cedar Park Center. Twenty campers between the ages of 8-13 were able to attend the match.
“One of the girls got to get on the court and return a serve from Andy Roddick,” said Jenny Stucky, Executive Director of Austin YMBL Sunshine Camps, and "she carried the ball around camp with her for the remainder of the camp session. This experience definitely made a huge impact on this camper."
Stucky said the experience was a “wonderful opportunity” to see professional tennis in action and…
Thursday, July 3rd, 2014 at 1:00pm. 4,098 Views
Regent Property Group is excited to announce its sponsorship of the Austin Aces, Austin’s first professional tennis team. With local matches at the Cedar Park Center, marquee stars include Austin resident and former World #1 Andy Roddick and Reigning 2013 Wimbledon Champion Marion Bartoli. The inaugural season kicks off at home on July 8 against the Springfield Lasers.
The Aces lineup also includes former World No. 2 Vera Zvonareva and doubles specialists Treat Huey and Eva Hrdinova, and the team will be coached by British tennis legend John Lloyd. The Austin Aces were relocated to Austin to join Mylan World TeamTennis after entrepreneur Lorne Abony purchased the Orange County franchise. WTT utilizes a coed team format co-founded by Billie Jean King in…