Tag: Austin Residential

Austin Commercial Real Estate Market Update Mid Year 2014

Q2 2014 AUSTIN COMMERCIAL REAL ESTATE OFFICE MARKET The second quarter of 2014 netted 331,000 square feet (SF) of positive net absorption.  Year to date absorption totals 529,192 SF.  Second quarter lease activity totaled 1,285,825 SF of signed leases which equates to 260 lease transactions for the second quarter, a 5% increase over the Quarter …

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Q1 2014 Austin Multifamily Report

Quarter 1, 2014 Austin Multifamily Report was recently released by CBRE and it continues to report good news for the Austin Texas market. The Austin multifamily market breaks down into 4 Classes – Class A, B, C, and D.  11% of the total units are in Class A, 28% of the units are in Class …

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2013 Texas Housing Market – “Smoking”


The 2013 Texas Housing Market according to Dr. Mark Dotzour at the Texas A&M Real Estate center was “Smoking”.  Click here for article.  Dr. Dotzour’s salient points include: Residential transaction volume in Texas was 275,829 homes sold, up 16% from 2012 and 35% higher than 2010. 2013 housing sales were the second highest volume in …

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Q4 2013 Austin Apartment Market update

Hendricks Berkadia logo

Rental demand for apartments in Austin soared in 2013 according to a recent report by Hendricks-Berkadia Apartment Real Estate Advisors. Highlights from the report include: 6,240 apartments were absorbed in 2013 up from 3,350 units in 2012. US Hwy 183 / Cedar Park / Leander corridor and the Far South submarkets lead the way in …

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Why everyone is moving to Austin

Austin, Texas

A great summary ~ with awesome graphics from AustinStartup.com’s Bryan Menell about why folks are moving to Austin.  Here’s a link “Why everyone is moving to Austin” . Bullet Points include: USA Today names Austin a top city for Tech Startups Forbes ranks Austin among America’s coolest cities to live Business Insider ranks Austin the …

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Austin Texas 3rd Quarter Multifamily Update

Hendricks – Berkadia recently provided a market update for Quarter 3 2013 and is showing the following numbers. Inventory is up by 1,540 units in last 3 months. Year to date deliveries total 4,250 units, outpacing 2012’s 2,760 units. Net absorption totaled 1,690 units in quarter 3. Average asking rent increase by .9% to $1,026.

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Texas Home Sales Outlook 2014

Colonial Home

Recently Dr. Mark Dotzour, Chief Economist at the Texas A&M Real Estate Center spoke at the fall meeting of the Texas Association of Realtors and provided his outlook on the housing market for 2014. He cited three primary reasons and supporting data for why he thinks 2014 will be a boom year for homebuilding in …

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Briarcliff – Hidden Neighborhood at Lake Travis, Near my Pace Bend Rd listing

Briarcliff River View

Great Article in the Austin Statesman, Hidden Neighborhood: Briarcliff provides affordable, quiet lake living about the neighborhood across from one of my property listings on Pace Bend Rd.  Here’s a blurb from the article by Michele Chan Santos, The residents of Briarcliff enjoy a relaxed quality of life next to Lake Travis. Briarcliff is governed …

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Austin #4 on Milken Institute’s List of 2011’s Best Performing Cities


Austin, Texas moved down 2 slots on the Milken Institute’s list of 2011 Best Performing Cities compared to its 2010 ranking.  During the 5 year period ending in 2010, Austin had the 3rd fast job growth in the country.   Austin is the largest metro area in the U.S. that has exceeded its pre recession era …

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2012 Austin Economic & Housing Outlook

Texas A&M Real Estate Center

Dr. Jim Gaines, Research Economist at the Texas A&M Real Estate Center, provided the following outlook for the 2012 Austin Economy and Housing market at the Austin Board of Realtors on October 26, 2011. In a nutshell, “U.S. housing market will remain steady with no major movement and Texas & Austin Local housing markets should …

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Southwest Water’s High Water Rates are Difficult for Consumers to Fight

Water Utility Map

Great article in the Austin American Statesman about Southwest Water and their business practices based upon an exemption they received from the State of Texas in 2004 which allows them to bypass state law and consolidate various water companies under one entity with a single tariff.  Read on for more information and get involved if …

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My Client, David Weekley Homes Purchasing a Lot in Northwest Hills

DWH Logo

Closing today. 7312 Running Rope lot in Northwest Hills bought by my Client, David Weekley Homes for one of their Urban Home projects. DWH tells me that they’ve already got the home under contract!

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Austin Apartment Market Report 2010

Apartment Realty Advisors (ARA) of Austin, does a great job of putting together market survey reports.  Here’s an excerpt from the report and you can click below to read the entire document. Austin is weathering the economic downturn better than most major metros. Thanks to a strong government presence, a buoyant technology field, and an …

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Austin Multifamily Development Market Improving

GlobeSt.com Last Updated: February 18, 2011 01:25pm ET Photo courtesy of: Shiny Things Austin Ranks High for MF Development AUSTIN, TX-Of all commercial property sectors, multifamily is perhaps the only one that developers can get excited about today, and even then, there are only certain markets that can absorb new product. Local experts say Austin …

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Austin Census Data 2009 Estimate – Education, Population, Income and Real Estate

Bob Roberts, Senior VP of Gracy Title, Austin, TX shared the following information from the U.S. Census. “Last week brought the release of 2009 estimates (before the release of the actual Decennial Census) from the U.S. Census Bureau’s American Community Survey (ACS). Here’s a sampling of findings from the 2009 ACS for the 5-county Austin …

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Austin New Businesses and Expansions 2010

The Austin Chamber of Commerce maintains an up to date list of New Businesses that have announced their opening in Austin as well as a list of Expansions. For 2010 year to date these include: Company Type of Operation Jobs Created Location Type of Action Bazaarvoice E-commerce software (Hdq. 80 Austin Expansion Cinsay E-commerce solutions …

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Real Estate For Sale – How Much Should I ask?

Do you want the good news or the bad?  What a dilemna! In the Austin Commercial Real Estate Market today, shoot straight with a client about what their property is worth and you risk not getting their business.  Provide a number that is too optimistic and run the risk of getting their business but then …

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Q4 2009 Austin Residential Real Estate Summary

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Austin December Home Listings Fall 18%

Zip Realty is reporting that the number of homes for sale dropped 18% in December of 2009 compared to December of 2008. There were 7% fewer homes on the market in December of 2009 compared to November of 2009. Click here for more.

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Austin Housing Forecast 2010

Eldon Rude, local Director for Metro Study told a packed group at the UT Education and Conference Center yesterday that he expects Austin to lead or be one of the first markets to emerge from the current Economic Crisis. One of the reasons given was that Austin never had the grossly overpriced residential market that …

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Austin New Home Construction Building Permits

Estimated Residential New Home Construction Permits 2009 Estimated through year end. Preliminary forecasts for 2010 are approximately 7,400 per Metro Studies. New Home Construction Permits 2004 2005 2006 2007 2008 2009(p) Travis 7,757 9,425 9,575 6,602 3,894 3,896 Williamson 4,209 5,444 5,738 3,907 2,402 2,156 Hays 1,960 2,124 1,992 1,527 1,348 748 13,926 16,993 17,305 …

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2010 Austin Economic Forecast – Austin Chamber of Commerce, November 23, 2009

Recently the Austin Chamber of Commerce hosted Sam Stovall with S&P Equity Research to provide a forecast for Austin in 2010.  See below for more details… Austin Chamber of Commerce Annual Economic Forecast, Nov. 23rd, 2009 Sam Stovall, Chief Investment Strategist, S&P Equity Research Historical Truths on Decline & Advance –          Recent decline is the …

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Reports of Economic Recovery – Premature?

Recent reports signaling an Economic Recovery may be a bit premature according to Dr. Mark Dotzour, chief economist at the Real Estate Center at Texas A&M.  Three (3) issues need to be addressed before we are in recovery according to Dr. Dotzour.  The number one item is political – health care and the cap-and-trade issues …

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September Austin Residential Market Up

September 2009 residential real estate activity showed improvement compared to September of 2008. Consider that for September 2009 compared to September of 2008: Home sales totalled 1,780 vs. 1,673 homes, a +6% increase. The median home price was $185,250, +2% increase. 9,148 single family homes were being actively listed for sale, a 10% decrease. The …

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Austin W Hotel May Stop until Financing Obtained – Updated

W Hotel Logo

UPDATE W Austin Hotel & Residences Secures Construction Financing to Complete Project on Schedule   AUSTIN, Texas–(Business Wire)– Austin-based Stratus Properties Inc. (NASDAQ: STRS) and the Canyon-Johnson Urban Funds announced today the closing of a replacement construction loan for the W Austin Hotel & Residences project. The loan was funded by Beal Bank Nevada (“Beal”) and …

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Austin Residential Real Estate Market: 3rd Quarter 2009, by Roselind Hejl

Rosalind Hejl, Realtor with Coldwell Banker United in Austin does a great job of providing a market report for the 3rd quarter of 2009. The Austin real estate market tightened slightly during the 3rd quarter of 2009. Inventory for Austin as a whole continues to stay in balance – with a level of 5.7 months …

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Austin Economy, Summer 2009

Economic  Indicators

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August Home Sales Down

Austin home sales are down for the month of August comparing 2008 sales to 2009. 1,994 sales were closed in August 2008 compared to 1,793 sales in 2009, an 11% decline. The median home price in Austin fell from $196,740 in 2008 to $189,000 in 2009, 4% lower. Listings fell 8% in volume and the …

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September 2009, Austin Real Estate Buzz…

Yes, the economy has slowed down the activity in the Greater Austin area but there’s still lots of news.  There are new subdivisions planned, industrial buildings in Round Rock being auctioned, plans for a new water park in Pflugerville, Sprouts Farmers Market moving into Round Rock, Eco Hotel in downtown Austin, a report that downtown …

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Poll ~ When will Austin Real Estate Recovery Begin?

[polldaddy poll= 1996753]

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