2005

Austin Population and Growth Forecast

November 10, 2005

I came across some interesting demographic information tonight on the City of Austin website. City of Austin Demographics are changing and the City of Austin site provides a lot of info worth checking out, with predictions about where new growth will happen for the remainder of this decade. Check out the link to Population and [...]

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California firm invests $57M in Southeast Austin

November 7, 2005

The article below from the Austin Business Journal talks about Industrial real estate. The reason I am posting it here is once again it contains quotes and information that are wonderful to hear for those of us in the Austin Real Estate business who have slogged through the recent slack years.

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Austin Real Estate Rental and Sales Market Update

November 3, 2005

As of November 1, 2005, there are 1417 homes listed for lease in the Austin MLS. During September, 555 homes leased. There are 7291 homes (excluding condos and townhomes) listed for sale in the Austin MLS as of Nov 1, 2005. 2179 homes sold in September. I’ve changed my monthly leasing graph to follow a [...]

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Do Better Schools Increase Property Value?

November 2, 2005

I was asked a simple question the other day – “Do better schools increase property value?” I can’t answer the question as asked because it’s somewhat of a “which came first, the chicken or the egg” question. Let me explain. Looking at the Austin ISD list of school ratings, it’s clear at a glance that [...]

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Austin Economy Gaining Steam

October 30, 2005

Austin’s economy on a roll again Confident employers pick up hiring pace This article from today’s Austin Statesman is a great read. It outlines what is happening with Austin’s economy at present – and it’s all good news. Real Estate in Austin has returned to a Seller’s Market in the price ranges below $400,000, and [...]

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Buying Austin real estate in booming suburban areas outside Austin

October 17, 2005

Buyers often ask me about small towns surrounding Austin, such as Kyle, Manor and Hutto, where new homes can be purchased much cheaper than in Austin. Investors and first time buyers have flocked to these areas and purchased many of the homes sold there in the past 4 years, and continue to do so because [...]

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Austin office market continues rebound

October 13, 2005

Amid strong job growth, rents hit a three-year high; vacancy rates are lowest in four years. The article below, from the Austin Statesman, is yet another indication that Austin’s real estate sales and rental markets may have seen the bottom of the recent three year dip. Back in 2001, when Austin bled jobs, we felt [...]

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August Austin Real Estate Sales Market Update

October 8, 2005

Austin continues to see sales activity supporting the notion that Austin is headed toward a seller’s market. There are 4 key indicators of a tightening market – Number of Homes Sold, Active Listings, Average and Median Sales Prices, and Average Days on Market. All four of these indicators are moving in the direction of a [...]

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Austin Area housing market still in high gear

October 8, 2005

The article below is from the Austin American Statesman. Housing starts and closings in Central Texas set a record even as mortgage rates rose and job growth slowed. AMERICAN-STATESMAN STAFF Thursday, October 06, 2005 Central Texas home builders continue to build and sell houses at a torrid pace, despite rising mortgage interest rates and a [...]

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Austin Rental Market Update – October 2005

October 2, 2005

Average rents in Austin improved very slightly in August over July to $1258 per month. The average rented price per square foot remains at $0.69 citywide and the average size rental home is 1823 square feet. A total 4,456 single-family homes have leased through the Austin MLS Jan 2005 thru Sep 2005, an average of [...]

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