Jul 17

Republic Drive, Kyle, Texas, 26 Acres For Sale

Republic Drive, Kyle, TX
Warehouse Zoning, All Utilities, Kyle TX development land

26 Acres For Sale, Kyle, TX.

Can accommodate single user or 16 lot warehouse subdivision

  • 25.98 Acres
  • Warehouse Zoning
  • All Utilities at Site
  • Single user, Campus Opportunity
  • Or 16 lot, preliminary platted, warehouse subdivision lots
  • Asking Price: $4,245,000 or $3.75/SF
  • Access: North bound Exit #215 off I-35 to Beebee Rd to Republic Dr. South bound Exit #215 off I-35 to Kyle Pkwy, U-turn to North to Beebee Rd to Republic Dr.
  • Location: Located on E side of I-35, between Buda and Kyle. 2/10’s of mile from I35 to Republic Drive.
  • Excellent access to I-35.
  • Strategically located to serve both Austin and San Antonio markets
  • Utilities: Pedernales Electric, Centerpoint Energy for Natural Gas, City of Kyle Wastewater, Monarch Utilities Water.
  • Additional Info Available: Geotechnical and Topographical
Republic Drive Survey
Survey of 25.98 Acres at Republic Drive, Kyle Business Park, Kyle, TX
Kyle Business Park Preliminary Plat
Preliminary Plat of 16 lot, Warehouse subdivision at Republic Drive, Kyle Business Park, Kyle, TX
Kyle Warehouse Development Site
Aerial photo of 26 acres and proximity to I-35, Kyle, TX
Ground View Kyle Business Park
Ground view of 26 acre lot looking northwest from end of existing Republic Drive roadway.
Ground View Kyle Business Park
Ground view of 26 acre lot looking north from end of existing Republic Drive roadway.
Ground View Kyle Business Park
Ground view of 26 acre lot looking northeast from end of existing Republic Drive roadway.

Call me at 512-970-8359 with questions or interest. Or email me at mark@matexas.com

Permanent link to this article: https://atxre.com/republic-drive-kyle-texas-26-acres-for-sale/

Jul 16

Austin MSA June Home Sales Rebound

Austin Housing 2020
Home Sales Rebound in June

Year over year home statistics in the Austin MSA improved in June.

  • Median Sales Price up to $340,000, up 4%.
  • Closed sales at 3,969 are an increase of 9%, which helped hold sales to only a 5.2 % decline during the first half of the year.
  • Homes were on the market for 4 fewer days, down to 44 days.
  • New listings are down 5% to 4,170.
  • Active listings are down 32% to 5,300.
  • Pending sales are up 33% to 4,737.
  • Total Sales Dollar Volume is at $1.67 billion which is up 13%.
  • Months of housing inventory is down .9 months to 1.8 months.

Rising prices, and low inventory are causing the local market to be very competitive and tight.

“There are plenty of unknowns in the months ahead, but June home sales across the MSA being up 9.3% year over year was tremendous when considering the strength of 2019”, said James Gaines, chief economist at the Texas A&M Real Estate Center.

Information courtesy of Texas A&M Real Estate Center, click here for Link.

Permanent link to this article: https://atxre.com/austin-msa-june-home-sales-rebound/

Jul 13

Time for a Residential Mortgage Refinance?

Information provided by Craig Trinidad, Loan Officer with Synergy One Lending. cell: (512) 426-9641 email: ctrinidad@s1l.com

If you haven’t reviewed your current mortgage within the last year, considering a refinance could save you thousands, perhaps tens of thousands, of dollars.  I’ve been helping many people refinance and get a lower monthly payment, shorten the term of their mortgage, take cash-out for debt consolidation, or any combination of these.  Interest rates are the lowest they’ve ever been right now and I can help determine if it’s a wise decision for you or not.  By spending 15-20 minutes on the phone with me, you will get a customized analysis with some strategies that might work to take advantage of this economy.  Here’s an example:

Your actual rate, payment, and costs could be higher.  Get an official Loan Estimate before choosing a loan.

If you have no need for a review at this time, please share this with anyone you think could benefit.  It’s a fantastic opportunity to refinance right now!

Permanent link to this article: https://atxre.com/time-for-a-residential-mortgage-refinance/

Jun 25

Austin Metropolitan Statistical Area (MSA) Housing Update

CLICK ON IMAGE TO GO TO INDEPENDENCE TITLE WEBSITE AND SEE ALL AUSTIN MSA GRAPHS IN PDF FORMAT.

Austin MSA Single Family Residential graphics courtesy Independence Title Company, data by Texas A&M Real Estate Center.

Permanent link to this article: https://atxre.com/austin-metropolitan-statistical-area-msa-housing-update/

Jun 24

Tips for Showing Your Home Safely and Successfully During the Pandemic

Showing Homes during Pandemic

Article Courtesy of Shirley Martin, Tidylifetoday.com, shirley@tidylifetoday.com

Selling your property always comes with a few challenges, but COVID-19 has complicated things even further. However, that doesn’t mean it’s impossible to sell your home and keep everyone safe in the process. Below, learn about the steps you’ll want to take when preparing, listing, and showing your home so you can get the best results possible.  

Get a Feel for the Market 

Anytime you get ready to list your house, it’s a good idea to check what other homes are selling for in the area. Checking other listings may also give you insight on how to stage or photograph your home to keep up with the trends. 

By doing research, you’ll also get a sense of how competitive the market is. In Austin, for example, some homes go pending in as little as 8 days. Because the market is so competitive, you are likely to get multiple offers, and you may have sellers willing to waive contingencies. 

Cleaning, Organizing, and Making Repairs  

Regardless of whether you’re in a buyer’s or seller’s market, you’ll want to make sure your home is presentable and that deal-breaking repairs are handled. How Stuff Works explains that in many cases, it’s best to forego major renovations and stick to smaller projects that are easier to handle. Overhauling the kitchen or bathroom is expensive if you want to do it right, and you’re unlikely to get a full return on your investment. 

Fixing things that might come up on a home inspection report, such as electrical issues or HVAC repairs, is a good starting point. You can also increase the wow factor of your home by doing cosmetic projects such as putting down a fresh coat of paint or sprucing up your landscaping. 

To truly make your home look its best, you’ll also want to spend some time decluttering and depersonalizing your space. Clutter instantly detracts from the potential of your home. Likewise,   family photos, knickknacks and even decorations that show your religious or political views can make it harder for buyers to see themselves calling your house their home. 

Making an Impression with Your Listing

After cleaning up, decluttering, and making repairs, you’ll be well on your way to having a great listing. When you’re finally ready to list your home, it’s important to think about hiring a real estate agent. Not only can an agent help craft the perfect listing, they can also help you later down the road when it comes to making negotiations and completing the sale.   

Keep in mind that in today’s market, most buyers expect to be able to tour your home online in one way or another. You can offer a virtual tour of your home through a video walkthrough. If you’re working with an agent, they can usually take care of photos and virtual tours for you. You can also make a virtual tour yourself, but keep in mind it will be harder to achieve a professional look. 

How to Handle Showings 

Even though pandemic restrictions are being lifted in most places, buyers might still be hesitant to tour homes in person. In response, some realtors will virtually walk clients through your home by offering live video tours. However, in-person tours are still a possibility. For any in-person tours, you will want to follow the same etiquette you normally would, such as leaving the house. 

Regardless of whether tours are done virtually or in person, it’s important to make sure the house is clean and tidy beforehand. If you’re working from home or the kids are stuck indoors, you’ll want to give yourself extra time to clean up any messes before showings. Disinfecting high-touch surfaces right before you head out will also give buyers and agents more peace of mind. 

Even after the pandemic is over, some of the changes to real estate will probably be here to stay. Knowing how to make your home stand out online and how to conduct virtual tours will help you find success whether you sell now or in the future. 

Permanent link to this article: https://atxre.com/tips-for-showing-your-home-safely-and-successfully-during-the-pandemic/

Jun 17

Real Estate Center at Texas A&M projects impact of COVID on 2020 Commercial Real Estate

Information above courtesy of Texas Quarterly Commercial Report Texas A&M Real Estate Center – Click Here for Link to Entire Report

Permanent link to this article: https://atxre.com/real-estate-center-at-texas-am-projects-impact-of-covid-on-2020-commercial-real-estate/

Jun 05

For Sale, Homes and Warehouses, on 4 Acres, Leander, TX

North Bagdad Rd also known as County Road 279 just passed new Glenn High School

Great property to run business from

  • Asking Price: $1,500,000
  • Address: 2819 North Bagdad Rd also known as 4150 CR 279
  • 4.07 Acres
  • +/- 13,894 SF of Building Improvements
  • 2 Houses for use as Office and 1 Bedroom Apt (4,775 SF)
  • Multiple Storage Buildings (1,720 SF)
  • Swimming Pool with beautiful grounds / would work for Wedding Venue.
  • 2 large garages/warehouses and a workshop/warehouse for use as work areas (7,399 SF)
  • Outside Storage Yard

Executive Summary

DESCRIPTION: On north edge of City of Leander. Former residence with garages, workshops and yards for former car and travel trailer restorer. Sets up nicely for landscape contractor or other construction contractors. 2 Houses with one garage, 1 Garage Apartment, 2 Large Garages, 1 Workshop, Storage sheds and outside storage Yard.

DIRECTIONS: Take US Highway 183 North, west on San Gabriel Parkway, Right on Bagdad Rd N / CR 279, and property is on your left, 1.27 miles.

Aerial of Site
Street View. Main house to left, warehouse storage buildings to right. Controlled gate access.
Second Home on Site
Shop Building
Pool
Upstairs Apartment
Warehouse / Storage
Warehouse / Storage

Contact Mark Pustka at 512-970-8359 or mark@matexas.com for more information or a tour.

Permanent link to this article: https://atxre.com/for-sale-homes-and-warehouses-on-4-acres-leander-tx/

Jun 04

South Lamar Office Space For Lease, Two (2) Suites

3901 South Lamar
Two (2) Office Spaces for Lease

First Floor, Suite 150

  • Size: 1,262 SF
  • Term: 3-5 Yrs
  • Asking Rent: $26.00 /SF/YR
  • NNN: $13/SF/YR
  • Use: Office
  • Full Build-Out
  • Available Now
  • See Floor Plan Below
  • 11’6″ Finished Ceilings
  • Space is in Excellent Condition
  • Fully Carpeted
  • After Hours HVAC Available
3901 S Lamar Suite

Third Floor, Suite 310

  • Size: 2,059 SF
  • Term: 3-5 Yrs
  • Rental Rate: $26.00 /SF/YR
  • NNN: $13.00/SF/YR
  • Use: Office
  • Full Build-Out
  • July 1 2020 Available
  • See Floor Plan Below
  • 9′ Finished Ceilings
  • Fully Carpeted
  • After Hours HVAC Available
  • One conference room.
3901 S Lamar Suite

Move in tomorrow to Suite 150. July 1st move in, for Suite 310. Rare availability, don’t wait. Building stays full. Great opportunity for office near downtown and in midst of S Lamar scene. 3 miles south of downtown Austin. Four story glass curtain wall office building on South Lamar. Pristinely maintained and serviced.

  • Bus Line
  • Conferencing Facility
  • Property Manager on Site
  • Signage
  • Energy Star Labeled

Highlights

  • On Site Property Management
  • Vibrant South Lamar location near new restaurants, apartments, condominiums and night life
  • On Site US Postal, UPS, Fed Ex and Lonestar Overnight

Permanent link to this article: https://atxre.com/s-lamar-office-space-for-lease-two-2-suites/

May 22

April Home Sales in Austin impacted by COVID-19

Austin Home Sales
Austin Home Sales decline in April
  • Compared to April 2019, residential sales across the five county Metropolitan Statistical Area declined by 22%.
  • Sales dollar volume fell 18%.
  • Active listings declined by 7%.
  • Housing inventory stands at 2.1 months, .2 months less than last year.
  • Median sales price increased 3.2% to $325,000.
  • Homes were on the market 9 fewer days or on average 43 days total.
  • Active listings dropped 7%.
  • New listings declined 21%.
  • Pending sales declined 25%.

Austin Board of Realtors, May 19, 2020

Permanent link to this article: https://atxre.com/april-home-sales-in-austin-impacted-by-covid-19/

May 15

Austin Apartment Rent Falls with COVID 19 Outbreak

Rents dropped from March to April 1.2% which is in contrast to a year ago when rents jumped 5.7%.

Occupancy was up .3% from March to April.

Five apartment complexes in April had negative absorption – less units occupied than the previous month.

An additional 4,500 apartments are expected to be delivered by years end.

Source: Real Estate Center Texas A&M

Permanent link to this article: https://atxre.com/austin-apartment-rent-falls-with-covid-19-outbreak/

May 08

Q1 Austin Industrial Leasing down, Development Up

  • Asking rates fell $.24/SF to $9.56/SF
  • Vacancy increased to 10.8%
  • Absorption fell to 222,416 SF
  • 423,919 SF came online
  • Total average construction rose to 1.2 million SF

Data courtesy of CBRE.

Permanent link to this article: https://atxre.com/q1-austin-industrial-leasing-down-development-up/

May 01

Q1 2020 Austin Office Market dips

CBRE Research shows that the Austin Office Market has softened for the first time in awhile.

Fundamentals have slowed when it comes to the first Quarter of 2020 Austin Office Market.

  1. Absorption increased to 600,000 + square feet.
  2. Triple net asking rates and OPEX costs caused the average asking rates to decline from $38.89/SF to $36.64 Quarter 1 2020 over Quarter 1 2019.
  3. Vacancy increased to 10.9%.
  4. Development remains strong with almost 7 million square feet under construction.

Information courtesy of CBRE. Click here for link.

Permanent link to this article: https://atxre.com/q1-2020-austin-office-market-dips/

Apr 22

Austin Housing Market Steady in March


Market remained steady amid early corona virus realities.

Despite shelter in place orders from local government beginning on March 25th the local housing market remained strong.

  • For the month residential sales were up 2.2 % year over year to 3,042 sales.
  • The median price of homes increased from by 11.7% to $335,200.
  • Monthly inventory dropped .7 months to 1.6 months (6-6.5 months of inventory is considered a balanced market).
  • New listings declined 12.7% and active listings dropped 26.6%.
  • Pending sales fell by 19.2%.

ABOR president Romeo Manzanilla is quoted as saying “the true impact of COVID-19 won’t be seen until April”.

Austin housing market remains steadfast in March |News Talk Texas | April 16, 2020 |

Permanent link to this article: https://atxre.com/austin-housing-market-steady-in-march/

Apr 13

Even Busy Parents Can Become Property Staging Experts with These Cleaning Tips

Blog Post Courtesy of Kristin Louis. Email klouis@parentingwithkris.com for more practical tips or check out her website – Parenting with Kris

Prepping a home for sale involves a lot of strategy and planning. For busy parents, it can be challenging to keep a property spotless and ready to show. However, there are shortcuts to maintaining a clutter-free and perfectly staged home—even with children underfoot. Here are the tips you need to become an expert.

Think About Splurging on Professional Help

Outsourcing is an excellent way to maintain a ready-to-show property. For busy families, it may even be a necessity—especially if messes tend to follow your kids everywhere they go. While your house is on the market, budget for weekly or bi-weekly cleaning to help you stay on top of clutter and dust. In the Austin area, interior cleaning costs between $117 and $218.

Have a Method and Stick with It

Whether you hire a service or not, you’ll still need to manage clutter and your family’s belongings before showings. If the deep cleaning is already complete, a quick cleanup process may be the solution to removing trip hazards and personal items from your living space.

You can schedule cleanup time daily in five-to-ten-minute increments that the whole family can participate in. If everyone helps, a few fast-paced pickups each day always ensures you’re home is show-ready. Even young children can help declutter or clean, as long as your cleaning products are non-toxic.

Cleaning your home in less time is also simpler if you have a set process. For example, Popular Mechanics suggests working from left to right when cleaning each room. An orderly process can feel less frantic, too.

Address the Elephant in the Room: Smells

When you’re living in a home while it’s on the market, life must go on. That can mean musty bathrooms, odors left over from cooking, and even trash cans that emit undesirable smells. While Good Housekeeping suggests initial steps like cleaning out your garbage disposal and shampooing carpets and rugs (expect to pay $125 – $250 for a professional cleaning), other scent-related tasks are simpler.

Once you have the carpets and drains clean, maintain a fresh home with lightly scented candles, a simmering of herbs and fruit on the stove, and a few open windows. Remember not to overwhelm prospective buyers’ noses—think of subtle scents like vanilla, citrus, pine, and other natural elements. 

Hide What You Can’t Get Rid Of

Staging your children’s rooms—and ensuring they’re clutter-free—is one of the most difficult parts of preparing for a showing. Especially with younger children, scaling down their possessions can be a struggle. If you’re not able to pre-pack before selling your home, think about hiding the things you can’t adequately stage.

For example, you might grab storage bins to toss toys in before prospective buyers arrive. Stowing boxes or bags of toys in a closet or even your vehicle trunk can go a long way toward creating a cleaner living space. After all, more belongings make your home feel personal—the complete opposite of what you want to showcase to buyers.

Of course, getting rid of excess toys entirely might be better in the long run. Studies have shown that children play better with fewer toys, notes Motherly—and scaling down can go hand in hand with packing for a move.

Spend Less Time at Home (Or in Specific Rooms)

While you may not have a new home to move into yet, spending less time in the one you’re selling can help keep it cleaner. As a busy family, you’re likely out of the house often anyway. But planning some extra outings—even if it’s to the local park or play space—can help keep clutter to a minimum. Plus, you’ll need ideas for keeping your family occupied during short-notice showings. 

Getting ready to sell your home means extra work, but you can also hasten the sale by keeping the property in sparkling condition. Fortunately, with these tips, you’ll become an expert in quick cleaning for last-minute showings. And soon, you can apply the same clutter-reducing tips to your new home, too.

Photo via Pixabay

Permanent link to this article: https://atxre.com/even-busy-parents-can-become-property-staging-experts-with-these-cleaning-tips/

Apr 03

Austin Construction Crews back to work

Austin Construction back to Work

Governor Abbott’s Tuesday Executive Order clears the way for contractors in Austin to get back on the job. Mayor Adler agreed late Thursday after initially banning construction in Austin on March 24th.

The previous ban on construction by Austin was in contrast to other metro areas in the state where construction work was deemed essential. The mayor’s back to work guidelines include “numerous employer requirements for all construction work. Those include social distancing guidelines and healthy work practice requirements, including pre-screening the “general health” of workers, limiting crew sizes and rotating shifts for sites with more than 10 workers on the job a time.”

Corona Virus in Austin: Construction crews back at job sites as work ban lifted

Permanent link to this article: https://atxre.com/austin-construction-crews-back-to-work/

Feb 21

Industrial Development continues at record pace

Austin Industrial Development

A new development in Hays County has pushed the annual total of new construction in the Industrial sector to almost 1.9 million sf – an all time high.

  • For past 3 years 5.4 million sf of new product has been delivered
  • Over 1 million sf is currently under construction with 37% pre-leased.
  • Citywide average asking rates continue to decline from their Q1 2019 highs to $9.80/sf in Q4 2019.
  • Vacancy remains steady at 10.5%.
  • Q4 2019 deliveries totaled 262,174 sf with 2019 total net absorption at 1,307,789 sf.

Austin Industrial MarketView Q4 2019 CBRE

Permanent link to this article: https://atxre.com/industrial-development-continues-at-record-pace/

Feb 07

Austin Office Market Finishes 2019 Strong

Austin Skyline

ECONOMY – Austin job growth has continued to outpace national averages and our unemployment rate is one of the lowest in the country at 2.5% Major tech expansion included companies such as Facebook, Google, Amazon and Indeed. The growth trend is likely to continue as more companies look to expand their operations in Austin.

CONSTRUCTION – Over 2.1 million square feet of new office space was delivered during 2019. Another 6.1 million square feet is still under construction. Office development is at an all time high. Class A downtown lease space remains in high demand with vacancies below 6 % and pre-leasing of new construction at 70%+.

RENTAL RATES – The overall asking rate increased to $39.21 / square foot up $2.95 per square foot compared to the last quarter of 2018. Class A space is at $44.14/ square foot a year over year increase of 7.4%. As demand continues and more companies move to Austin, asking rates are forecasted to maintain the rental rate increases.

Marketbeat Austin Office Q4 2019, Cushman & Wakefield

Permanent link to this article: https://atxre.com/austin-office-market-finishes-2019-strong/

Jan 03

Austin area home sales breaking records

In December the Austin Board of Realtors released their monthly report and home prices and sales have hit another historic high. Based upon November sales numbers it appears that 2019 sales will surpass the total number of homes sold last year. Last month sales rose 4.5% to 670 sales totaling 30,561 sales. This is just 300 less than 2018’s total sales volume. By looking at trends it appears that Austin will surpass 300 sales in December and thus exceed 2018 numbers.

Austin’s November median home price for a single family home rose 10.6% year over year to $405,000 an all time high for November. The Austin/Round Rock metro rose by a modest 1.7% increase to $305,000 while Travis County rose .6% to $355,000.

Land in Austin continues to be severely constrained and so home builders are moving outward in search of lower land costs and development opportunities according to Vaike O’Grady, Austin regional director for Metrostudy.

In November Williamson County home sales increased 13.2% while Hays County increased 17.8%.

“Limited and pricey housing within the urban core is driving residents to relocate to the suburbs”, according to Kevin P Scanlan, Austin Board of Realtor’s 2019 president.

Permanent link to this article: https://atxre.com/austin-area-home-sales-breaking-records/

Dec 05

Austin named CompTIA’s top 2019 Tech Town

CompTIA recently completed their 2019 Annual Tech Town Index. In this index of metropolitan areas the following categories were examined to come up with their ranking.

  • Where companies are hiring
  • Estimated projected job growth
  • Median annual salary
  • Average cost of living

Austin is the 2019 leader with Dallas, Texas the next Texas city at number 7 with Raleigh North Carolina and San Jose California at numbers 2 and 3 respectively.

CompTIA link to Article

Permanent link to this article: https://atxre.com/austin-named-comptias-top-2019-tech-town/

Oct 25

Third Quarter 2019 Austin Office Market

RENT DOWN, VACANCY UP IN THIRD QUARTER OF 2019

Rent decreased and vacancy increased in the third quarter of 2019 Austin office market with a total of 1,250,402 square feet of negative net absorption registering in the Class A market.  Class B had 180,000 square feet of positive net absorption while Class C properties had 46,670 square feet of negative net absorption.  This resulted in citywide vacancy of 11.5% up from 9.3% in Q2 of 2019.  Class A CBD vacancy was up from 5.7 to 5.8%.

There is currently 5,000,000 + square feet of office space under construction with about 45% pre leased.  The fourth quarter of 2019 is forecasted to deliver over one million square feet of office space with 800,000+ pre leased.

The average rental rate decreased over the quarter compared to Q2 of 2019 from $35.72/sf to $35.38/sf.  Rent for Class A lease space dropped by 6.2% to $49.47/sf from $52.78 in Q2 of 2019.    

Collier’s International | Q3 2019 | Austin Office Market Report

Permanent link to this article: https://atxre.com/third-quarter-2019-austin-office-market/

Oct 18

Austin Home Sales Setting Records

Home sales and median sales prices hit an all time high for the month of September according to a recent Austin Board of Realtors report.  In the Austin metro area, sales increased by 13.4% with 2,654 homes sold resulting in the busiest September ever.  The median sales price for September was $320,000, a 7% year over year increase and the highest September median sales price ever.  Pending sales were up as well which suggests October will be another strong month.

Looking at the Austin market alone, 798 houses were sold which is a 15% increase over September 2018.  The median sales price totaled $406,000, an all time high for September.  Housing inventory decreased by ½ month year over year to leave it at 18 months of inventory currently.  Home prices continue to rise in the area because of these strong sales and the limited amount of inventory.

ABOR Blog September Housing Report

Permanent link to this article: https://atxre.com/austin-home-sales-setting-records/

Oct 04

Austin Retail Market Update

CBRE Research Q3 2019

Retail development is booming in Austin metro area with 1.28 million square feet of new space under construction in the area. 890,000 of the total is located outside the city in the suburbs. Occupancy remains steady at 96% although the average asking rate has dropped to $20.50/square foot.

Click here for more detail => Growth in Store for Austin Retail Market

Permanent link to this article: https://atxre.com/austin-retail-market-update/

Sep 27

UNDER CONTRACT – For Sale 3200 Steck Ave, Suite 200

Building Entry

Property Type: Office Condominium

Address: 3200 Steck Avenue, Suite 200, Austin, TX 78757

Size: 3,882 square feet

Asking Price: $931,680

No. Units: 1

Sale Type: Owner/User

Floors: 3

Typical Floor Size: 11,583 square feet

Parking Ratio: 4 / 1,000 square feet

Location: One block east of Mopac at NE corner of Steck Avenue and Shoal Creek.

Description: Traditional office condominium design with atrium elevator lobby, abundant natural light and updated modern restrooms serving each floor. Suite 200 includes 9 offices, an open work area, break room, IT closet, and conference room. 4 parking spaces in first floor parking garage and 11 in parking lot.

Reception Area
Break Room
Typical Office
Conference Room

Permanent link to this article: https://atxre.com/for-sale-3200-steck-ave-suite-200/

Sep 20

Austin forecasted as Best City for 2020 Real Estate Investment

Austin #1 in U.S. for Real Estate Investment

PricewaterhouseCoopers and Urban Land Institute have released their annual real estate investment outlook and for 2020 Austin is projected as the tops in the U.S. This is an improvement over 2019’s #6 finish. In 2018 Austin ranked #2 and was number 1 in 2017.

Details of the reasons for the ranking include:

  • Apple Computers plan for a $1 billion campus
  • The planned re-development of the Austin American Statesman site on South Congress
  • A major expansion of the Airport
  • Austin’s population growth including annual growth of about 45,000 people a year or 145 persons a day
  • The number of businesses with one million dollar + in revenue is growing faster than any other major metro in the U.S.

The biggest challenges according to the report are traffic and the rising cost of housing.

https://www.bizjournals.com/austin/news/2019/09/19/austin-is-again-no-1-us-market-for-real-estate.html

Permanent link to this article: https://atxre.com/austin-forecasted-as-best-city-for-2020-real-estate-investment/

Sep 06

2019 Austin Apartment Construction

Austin metro is 5th among the top 20 US metros for apartment construction in 2019

Over 10,000 apartments are estimated to be completed by the end of year in the Austin metro area. A 2.7% rise in population and continued job growth fueled this rise.

  • Austin metro is 5th nationally for planned apartment construction.
  • Last year 10,701 units were completed in the Austin metro area.
  • The City of Austin leads the metro area with 6,644 units planned with Georgetown next at 976 units.
  • Austin’s projection exceeds that of large metro areas such as Los Angeles, Phoenix, Washington D.C. and Houston.

Rent Cafe, Rental Apartment Construction 2019

Permanent link to this article: https://atxre.com/2019-austin-apartment-construction/

Aug 30

July Austin Home Sales Break Record

3,439 homes sold in July 2019

Austin area home sales set a record for number of sales in July with an 11.7% year over year increase to 3,439 homes sold according to the Austin Board of Realtors. Sales in Austin remain flat due to limited inventory.

  • The median price for homes rose by 3.2% to $325,000
  • Sales dollar volume increased 15.4% year over year
  • New lisings in the greater Austin area increased by 4%
  • Monthly housing inventory decreased year over year by .2 months

Click this link to ABOR website for more details.

Permanent link to this article: https://atxre.com/july-austin-home-sales-break-record/

Aug 16

Texas Condominium and Townhome Sales drop from 2018-2019

Sales down and inventory up

Condominium and townhome sales fell from 2018-2019 in Texas according to a report released by Texas REALTORS. Condo sales are down 8% and townhome sales are down 3% in the last year.

Tray Bates, chairman of Texas REALTORS notes that the lower price compared to single family homes, the decreased maintenance and the typical closer proximity to work, schools and city life keep these housing types as a popular choice among buyers.

“The statistics from the Texas Condominium Sales Report prove that all types of housing in our Texas real estate market is in demand, especially more affordable options for first time homebuyers,” said Jim Gaines, Ph.D., chief economist with the Real Estate Center at Texas A&M.

Prices increased moderately for condominiums and townhome sales prices went down slightly. The median sales price for condominiums currently sits at $189,000 and townhomes is at $226,000.

Permanent link to this article: https://atxre.com/texas-condominium-and-townhome-sales-drop-from-2018-2019/

Aug 02

Q2 2019 Austin Office Market

Tech Companies Fuel Growth

Austin skyline from Ladybird Lake
  • 528,811 square feet (sf) of positive net absorption
  • Most absorption came from Class B buildings with 430,300 square feet of positive net absorption
  • Q3 2019 is forecasted for Offices at Saltillo to deliver. Totals 150,000 sf and is 100% leased to Google.
  • Biggest new construction delivery in Q2 was SXSW Center in CBD at 140,000 sf and is 94% leased by large tenants including WeWork and SXSW.
  • Average rental rate including expenses stands at $35.74/sf up from $35.55/sf in Q1 2019 and $34.37 in Q2 2018.
  • Vacancy is down to 9.5% from 10.3 in Q1.
  • Class A CBD rental rates are at $52.78/sf and suburban Class A space is at $37.97/sf.
  • 5.29 million sf are currently under construction.

Colliers Q2 Austin Office Report

Permanent link to this article: https://atxre.com/q2-2019-austin-office-market/

Jul 25

Austin Board Realtors June Market Report

Austin MSA outpaces City of Austin Single Family Sales

During the first half of 2019 sales experienced strong growth in the Austin MSA but declined in the City of Austin. ABOR President Kevin Scanlan explained that the limited housing inventory (less than 2 months supply) in June and the increase in home prices combined to reduce sales in the City of Austin. This limited inventory and increase in prices has pushed more and more buyers to the suburbs.

Austin / Round Rock MSA in first half of 2019
Single family home sales increased 4.3% year over year
Median Home price increased 1% to $315,000
New listings increased by 1%
Active listings increased 4.8%
Pending sales increased by 7.9%
Sales volume increased 6% year over year

Austin / Round Rock MSA in June of 2019
Single family home sales increased .5% year over year
Median home prices rose 3%
Housing inventory decreased by .2 months to 2.7 months, well below the 6 month balanced housing market time frame

City of Austin first half of 2019
Sales decreased 1.6j% year over year
Median price increased by 3.2% to $387,100
New listings decreased by 3.4%
Active lsitings decreased 5.7%
Pending sales increased by .2%

City of Austin June of 2019
Sales decreased 2.3%
Median price jumped 10.9% to $420,000
Inventory decreased .2 months to 1.9 months

Permanent link to this article: https://atxre.com/austin-board-realtors-june-market-report/

Jul 18

SOLD – Shops at 279, Leander, TX

Property Area Map

Income Producing Office and Warehouse Property Available

FOR SALE

In the path of rapid growth in Leander, Texas. 4170 County Road 279, Leander, TX 78641

Asking Price: $2,500,000

Office: 7,000 square feet

Warehouse: 14,280 square feet

Acres: 10.03

Projected NOI: $200,000

GREAT USER / INVESTOR OPPORTUNITY

  • Building 100.  3,000 SF Office, 1,440 SF Warehouse
  • Building 200.  1,440 SF Office
  • Building 300.  1,600 SF Office, 2,400 SF Warehouse
  • Building 301.  1,600 SF Office (Vacant)
  • Building 400.  2,400 SF Office and Warehouse
  • Building 500.  2,400 SF Office and Warehouse
  • Building 600. 5,000 SF Warehouse in shell condition (Vacant)
Office Building 100
Warehouse / Office Building #300
Warehouse Building #200
Office Interior

Email me at mark@matexas.com for more information and any questions.

Permanent link to this article: https://atxre.com/for-sale-shops-at-279-leander-tx/

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