Monday, November 30th, 2015 at 4:49pm. 54 Views
The Austin Business Journal recently ranked each Austin zip code based on 12 affluence factors, including household income, per capita income, and home values. The 78746 zip code, which includes West Lake Hills, took the top spot for affluence, with a median house value of $634,000. The largest homes, however, were not found in West Lake Hills but down in 78739, which stretches from about Slaughter Lane near MoPac to south of Highway 45 and includes the neighborhood of Circle C Ranch. Forty seven percent of the homes in Circle C were found to have nine or more rooms. This compares to, for example, 2.5 percent in trendy 78704.
Let’s take a look at a few of the zip codes.
The 78704 zip code, with its population of 41,999 and 23,557…
Monday, November 30th, 2015 at 4:42pm. 39 Views
The Austin Symphony will host ten free music concerts this holiday season with its new Christmas in the Community program. The concerts will be held at various locations in Austin and will feature different ensembles of the orchestra – Woodwinds, Bass, Strings, etc. – playing holiday music.
The first concert will be December 4, with Woodwinds at the Lakeline Mall Macy’s. The program concludes the concert series on December 23, with the Stardust Orchestra Big Band and the Austin Symphony string quartet at Symphony Square.
The Christmas in the Community events replace the previous holiday tradition, The Christmas Sing-Along, and are designed to help the Symphony reach a larger audience. While the Sing-Along would reach 3,000 attendees, the…
Monday, November 23rd, 2015 at 7:25pm. 165 Views
2015 Might Be Record Year for Austin Real Estate
Austin-area single-family home sales increased two percent in October 2015 compared to the same month in 2014, and while this increase may seem small, it is the fifth consecutive month of upward momentum and adds to a potential record-making year in Austin real estate.
“We’re on pace for another record year and while home sales typically slow each fall, housing demand has remained strong far past the typical peak selling season,” said Austin Board of REALTORS® President Barb Cooper. “This demand stems from strong employment and our area’s high growth rate—factors that help create a stable housing market.”
The two percent increase equaled 2,378 home sales in October 2015. Median price increased…
Monday, November 23rd, 2015 at 6:02pm. 129 Views
The Austin Board of Realtors® and the Austin Independent School District are teaming up to help Austin Realtors provide homebuyers with more knowledge about area schools.
“The quality of area schools is consistently one of the most important factors that homebuyers consider when choosing a new home,” said Austin Board of Realtors President Barb Cooper. "Homebuyers want to know how local schools measure up, and they look to their Realtor to point them in the right direction.”
The partnership began when the district asked ABOR for feedback on individual web pages the district was redesigning. The request evolved into easy-to-navigate pages that highlight each school’s individual strengths, such as its programming and performance, plus photos and…
Monday, October 26th, 2015 at 12:36pm. 786 Views
Austin Home Sales and Prices Hit Record Highs for September
While August 2015 saw record highs in Austin-area home prices, September 2015 saw all-time highs in both home prices and in home sales, according to a Multiple Listing Service (MLS) report by the Austin Board of REALTORS®. Home sales reached 2,603, an increase of seven percent year-over-year, and median price reached $258,000, an increase of eight percent year-over-year.
The average price for Austin-area single-family homes reached $324,150 in September 2015, a five percent increase compared to last September.
New listings increased 11 percent for the month to 2,860 listings, and active listings increased four percent for the month to 6,759 listings. However, housing inventory stayed…
Thursday, October 22nd, 2015 at 10:37am. 634 Views
After weather-related delays for the first two quarters of 2015, new home starts in central Texas jumped 7.9 percent in the third quarter, according to an Austin American-Statesman article based on Metrostudy’s findings. This equated to breaking ground on 3,530 houses in Travis, Williamson, Hays, Bastrop, and Caldwell Counties in the third quarter.
In the second quarter, new home starts were down 5% compared to the second quarter of 2014, but strong sales of new construction homes still were reported. For existing homes, sales grew 3% during the second quarter, and average and median prices continued to increase.
Builders began work on 11,555 houses during the 12 month cycle that ended in September, a 7.6 percent increase from the prior 12-month…
Tuesday, October 20th, 2015 at 12:37pm. 682 Views
Austin is the second top U.S. market to watch for overall real estate prospects, ranking fourth for real estate investment, first for real estate development, and second for real estate homebuilding, according to the Emerging Trends in Real Estate 2016, the 37th such report published by PwC and the Urban Land Institute.
While the 2016 outlook for all property types in Austin received good-to-excellent ratings, single-family and retail were particularly favored. Compared to “24-hour cities,” the Austin market boasted a lower cost of living, particularly in housing, combined with strong growth potential.
The report says Austin is “an attractive place to live for all generations” and that it continues to benefit from diverse job creation ranging from…
Tuesday, October 20th, 2015 at 10:52am. 629 Views
Austin was named the eighth best city in the nation for millennial entrepreneurs by Thumbtack, which surveyed “the friendliness of local tax laws, licensing rules, and the regulatory environment” to prepare results comparing the friendliness of small business climates in United States cities and states. In addition to Austin’s ranking, Texas was named the top state in the nation for its friendliness to small business.
According to the U.S. Chamber of Commerce, over a quarter of young people are self-employed and launching over 160,000 startups per month. It was partly survey responses from this group - entrepreneurs aged 34 and under - that helped determine the rankings.
Birmingham was the top U.S. city for millennial entrepreneurs, followed by…
Tuesday, September 29th, 2015 at 4:47pm. 626 Views
Austin, Texas may be making the news for its tremendous growth, but it’s not just Austin proper that is seeing a rise in its population. Hays County, which is just south of Austin and includes cities such as Buda and Kyle, was the third-fastest growing county in the United States in 2014 by percentage growth, according to data released by the U.S. Census Bureau. Williamson County, to the north of Austin, was the tenth-fastest growing.
The Real Estate Center at Texas A&M University summarized the findings, as reported by the Austin Business Journal.
The Austin Board of Realtors® often cites Austin housing prices as a main reason people are moving to area suburbs, such as to those cities in Hays County, as well as to the Williamson County cities of…
Monday, September 28th, 2015 at 6:52pm. 691 Views
Austin’s high-tech jobs grew a significant 33 percent from 2012 to 2014, making it the third-ranking city among top tech cities, according to CBRE Research’s Tech-Thirty 2015 report, which measures the tech industry’s impact on office markets in North America.
In 2014, Austin employed 37,541 in the high-tech software/services industry, according to the report. Overall, the high-tech software/services industry accounted for one-fifth of all new, office-using jobs in North America, with 730,000 new jobs created at a growth rate of 34% since 2009.
For the fourth year, San Francisco topped the Tech-Thirty office markets list, with a high-tech job growth rate of 43%. While Phoenix tied with San Francisco with a high-tech job growth rate of 43%, it…