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Real Estate Blog

How Good are the Schools? SAT Scores in the Austin Area

Friday, July 22nd, 2016 at 2:25pm. 87 Views

Westlake high school SATHow good are the schools? This is one of the most important questions homebuyers can face when choosing a neighborhood to call home. As it turns out, there are a variety of central Texas schools and districts that show solid SAT scores, a good indicator of the school’s overall academic level.

The Austin Business Journal reported average SAT scores at public high schools based on the Texas Education Agency's Texas Academic Performance Reports and found that Austin Independent School District, Round Rock Independent School District, Eanes Independent School District, Leander Independent School District, and Lake Travis Independent School District all have schools in the top ten.

Here are the top 15 schools for SAT scores in the Austin area:   

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Austin Housing Market on Pace for Record-Breaking Year

Tuesday, July 19th, 2016 at 2:27pm. 169 Views

home interior austinThe Austin home real estate market remains scorching hot and is on pace to surpass the record-breaking numbers of 2015, according to the Austin Board of REALTORS® June 2016 and Mid-Year 2016 Central Texas Housing Market Report.

“The Austin-Round Rock housing market is on track to outpace 2015 market levels, which was a record-breaking year for home sales,” said ABOR President Aaron Farmer. “Despite the ongoing housing shortage and affordability challenges impacting our region, population growth and housing demand continue to drive home sales upward.”

For the month of June 2016, home sales in the Austin-Round Rock Metropolitan Statistical Area increased 8.5 percent compared to June 2015, to 3,219 sales. Median price increased 8.2 percent to $295,500.

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Condominium Sales Up in Texas, as Lifestyle and Expense Come into Play

Wednesday, July 13th, 2016 at 1:06pm. 271 Views

Austin condosCondominium sales in Texas’ major metro areas increased during the first half of 2016, seeing demand over townhomes and single-family homes among young professionals and retirees, according to the Texas Association of REALTORS® Texas Condominium Mid-Year Sales Report.

The metros of Austin, Dallas, Houston, and San Antonio experienced increases in condo sales between January 2016 and May 2016 when compared to the same six-month period last year. Townhomes saw a slight decrease.

“Many young urban professionals and newly retired baby boomers are buying condos, as they provide an affordable alternative to single-family homes and townhomes,” said TAR Chairman Leslie Rouda Smith. “These Millennials and retirees don’t want the upkeep of a traditional,

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Austin, Texas Real Estate Market Update and Statistics June 2016

Tuesday, June 21st, 2016 at 5:56pm. 384 Views

Enfield homesHome Sales Jump 10% in Austin-Area

Home sales in the Austin-area jumped 10% in May 2016 compared to May of last year, and in Williamson County, the increase was even higher at 19.5 percent, according to the Austin Board of REALTORS® May 2016 Central Texas Housing Market Report.

“Housing demand continues to be at an all-time high in the Central Texas region, with properties priced under $500,000 selling rapidly,” said ABOR President Aaron Farmer. “Williamson County homes are among the most popular in the region due to the county’s highly rated school districts, access to major thoroughfares and proximity to major employment hubs in Austin.”

In the Austin-area, the greatest movement was seen in pending sales. The Austin-area had 3,297 pending sales

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Austin, Texas Top U.S. Market for Aspiring Millennial Homebuyers

Tuesday, June 21st, 2016 at 2:40pm. 371 Views

millennials Austin real estate Austin, Texas is the best market in the nation for millennials to purchase real estate, according to a June 2016 report by the National Association of Realtors that reviewed employment, population, income, and housing condition data in the nation’s largest metro areas.

Among the rankings, Charleston came in second, followed by Denver, Minneapolis, and Ogden, Utah for the top five. Portland, Raleigh, Salt Lake City, Seattle, and Washington, D.C. comprised the rest of the top ten.

According to the report, millennials represent 18% of the Austin population and 29.4% of those moving into Austin. These figures both represented the largest percentage of millennials among the 100 largest metro areas. Austin employment grew 4.9% over the 12-month period

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Texas Economy Rebounding from Oil Slump

Monday, June 13th, 2016 at 12:18pm. 415 Views

Austin economyTexas’ economy is showing signs of recovery following impacts from a 2015 drop in oil prices, according to the Real Estate Center at Texas A&M University’s Monthly Review of the Texas Economy. In April 2016, Texas had its fourth month with an annual employment growth rate exceeding the annual growth rate in December 2015, which indicates that the worst of the downturn has passed.

Texas gained 187,500 nonagricultural jobs from April 2015 to April 2016 for an annual growth rate of 1.6 percent. The nongovernment sector also grew its annual rate by 1.6 percent, adding 154,000 jobs.

The seasonally adjusted unemployment rate was 4.4 percent in April 2016, the same rate as April 2015. The actual unemployment rate for the state was 4.2 percent. Amarillo had

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Austin, Texas Real Estate Market Update and Statistics May 2016

Thursday, May 19th, 2016 at 6:36pm. 587 Views

Central Texas Home Sales Jump 12.5 Percent, Austin Median Price Jumps Over Ten Percent

Travis Country homesSingle family home sales in Central Texas increased 12.5 percent in April 2016, compared to April of last year, for a total of 3,863 home sales. However, almost 80 percent of these homes were not sold within the City of Austin but in the surrounding region, according to the April 2016 Central Texas Housing Market Report released by the Austin Board of REALTORS®.

Hays County led the way, with a year-over-year increase of 17.8 percent in home sales in April 2016, for 338 home sales. The City of Austin had a 1.7 percent increase in single-family home sales, with 829 home sales. Williamson County actually saw a decline in sales, decreasing 5.1 percent year-over-year

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Scorching Pace for Austin Homebuilders in the First Quarter of 2016

Tuesday, May 10th, 2016 at 3:43pm. 579 Views

new construction AustinCentral Texas homebuilders began construction on 40 percent more homes in the first quarter of 2016 than in the first quarter of 2105, according to Metrostudy, as reported by the Austin American-Statesman and the Real Estate Center at Texas A&M University.

This dramatic rise equaled 3,570 new home starts in the first quarter of this year, compared to only 2,549 new home starts in the first quarter of last year. When comparing the first quarter of this year to the last quarter of 2015, home starts also were up: 32 percent over 2015’s last quarter new home starts of 2,702.

Year over year, new home starts were up 9.2 percent in the 12 months ending in March 2016, compared to the 12 month-period ending in March of 2015. This equaled 12,590 new home

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Austin Tops in the Nation for Small Business Vitality

Friday, May 6th, 2016 at 12:47pm. 586 Views

Kruger's downtown Austin Austin is ranked number one in the nation for its small business vitality, according to a study by American City Business Journals, in which it rated the vitality of small business in major metropolitan areas across the United States, with a goal of identifying the metro areas most conducive to small businesses creation and development.

Austin’s score of 98.96 is almost two points higher than the second place ranking, Miami-Fort Lauderdale-West Palm Beach with a score of 96.99. Cape Coral-Fort Myers, Florida is third with 95.34. Scores start to drop from there, with Sarasota-Bradenton, Florida coming in third with a score of 90.94, and Provo, Utah coming in fifth with a score of 83.33.

Factors affecting the ranking:

  • Austin has 44,163 small

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Austin, Texas Real Estate Market Update and Statistics April 2016

Friday, April 22nd, 2016 at 1:45pm. 1,030 Views

Canyonside home AustinEven with almost eight percent increase in home prices, Austin home sales also up -- over nine percent

Austin home prices rose yet again this March 2016, according to the latest Multiple Listing Service (MLS) report by the Austin Board of REALTORS®. The median single-family home price in Austin rose to $278,000 in March 2016, an increase of 7.8 percent year-over-year. Average home price saw a smaller increase, at 4.5 percent. Even with the price increases the Austin market has seen, home sales also continued to rise, increasing to 2,552 home sales in March 2016, an increase of 9.3 percent.

Austin’s low housing inventory, which is part of the reason home prices have trended upward, dropped 0.2 months compared to March 2015, for a housing supply of

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