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November 2008

There are 5 blog entries for November 2008.

Home by Lake in Texas Hill Country | The Hollows® Northshore | Lake Travis Home | 17816 Regatta View Drive

Sunday, November 30th, 2008 at 7:40pm. 5,646 Views



Looking for a luxury home or a second home in a lakeside community in the Texas hill country?  Look no further!  Just 30 miles north of Austin on the north shore of Lake Travis you will find The Hollows; the winner of the Austin Business Journal’s 2008 Master Planned Community of the Year!    This waterfront community is located in the Texas Hill Country and has views, amenities, and lake access that will impress even the greatest of critics.  The community is packed with impressive features and amenities including a system of hike-and-bike trails, the lakefront Beach Club, 2 kayak clubs, a deep water marina and ship store, an infinity pool & whirlpool with an amazing view surrounded by an

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Austin Unemployment and Austin Real Estate Market Update October 2008

Friday, November 21st, 2008 at 8:06pm. 6,024 Views

Austin unemployment inches up in October 2008 to 4.8% while Austin sold prices are flat and the number of homes sold remains low.  While this is a seasonally slow time of the year for home sales, the last twenty days has seen much slower sales than the same period of time in 2007, most likely due to the negative feeling people have from the recent and continued stock market decline.  However, there are positive signs in the market with the progress the President Elect is making on assigning his new staff members and the federal government is slowly learning what NOT to do with the $700 billion set aside for the bailout.  I’m still hopeful that the current economic woes may begin to improve in the Spring.  As a result, I continue to recommend selling

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Ridge at Lantana Market Update November 2008

Friday, November 14th, 2008 at 4:44pm. 2,238 Views

Ridge at Lantana Homes: So far this year (January 1 – November 14, 2008) 13 homes sold in Lantana with a median price of $124.54 per square foot ($410,000), a median size of 3,267 square feet, and averaging 60 days on the market.  During the same period of time in 2007 there were 16 homes sold with a median price of $132.32 per square foot ($378,781), a median size of 3,051 square feet, and averaging 49 days on the market.  This is a 5.9% median sold price decrease when comparing 2008 to 2007.  However, sales volume is steady compared to other Austin neighborhoods and sales prices have remained strong compared to the national real estate market.

There have not been any homes sold in the Ridge at Lantana since 9/17/08; although there were 4 homes sold in

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Texas Property Tax Exemptions | Texas Homestead Exemptions

Thursday, November 6th, 2008 at 4:42pm. 20,697 Views

Looking for a better understanding of Texas Property Tax Exemptions | Texas Homestead Exemptions?  Cory Macdonald, Associate Attorney at Davis & Wilkerson P.C. has provided us with a special overview of the topic below.  For further questions on the subject feel free to contact Cory Macdonald directly at cmacdonald@dwlaw.com.  For help with your Austin home search contact Austin REALTOR® Brian Talley of Regent Property Group at info@regentpg.com.

According to the Texas Tax Code  (Code) , the definition of "Residence homestead" means a structure (including a mobile home) or a separately secured and occupied portion of a structure (together with the land, not to exceed 20 acres, and improvements used in the residential occupancy of the structure, if the

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Austin Texas Real Estate Market Update and Statistics October 2008

Sunday, November 2nd, 2008 at 8:58pm. 2,922 Views

Austin real estate home prices are steady, the number of Austin homes sold is still low, and the number of homes withdrawn from the market is still high.  With a new President on the way and the chance for the $700 billion dollar bailout to kick in, we may be looking at much higher number of homes sold in Austin Texas during the summer of 2009 compared to 2008. If sales volume does pickup in the summer of 2009 then the time period between November 2008 and April 2009 may very well be the bottom of the Austin real estate market and the best time to find a deal on purchasing a new home in Austin.  My recommendation of selling competitively and buying aggressively remains for now with an emphasis on buying between now and the summer of 2009. 

Austin real

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