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February 2013

There are 12 blog entries for February 2013.

Austin’s Job Market Growth Simplified

Thursday, February 28th, 2013 at 9:26am. 2,810 Views

Virtually every Austinite who reads, watches, or hears the news knows Austin’s job market is continuing to grow. Austin recently landed expansions from companies such as Apple and National Instruments, and these types of hiring opportunities have kept the unemployment rate hovering around 5%, well below that of the United States and most other cities in the nation. And, it seems with the jobs come even more people seeking a desirable Austin lifestyle, as Austin was just reported as the #1 city in the nation for population growth.

In January 2013, the Texas Workforce Commission and the U.S. Bureau of Labor Statistics reported the Austin metro area added over 35,000 jobs in the rolling 12 month period ending November 2012. This 4.4% growth rate ranks

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Austin is the #1 City in the Nation for Population Growth

Wednesday, February 27th, 2013 at 5:51pm. 4,234 Views

Austin fastest growing city, Texas economyAustin has been designated America's fastest-growing city by Forbes Magazine. This is the third year in a row our “small town” city has topped the list. According to Forbes, Austin had a 6.3% expansion in its economy and a 3% increase in jobs in 2012, and Austin is expected to have an estimated population growth rate of 3% for 2012 and this year. Austin’s unemployment rate also has been around 5%, well under the national average. These factors have contributed to increased pressure on Austin homes for sale and luxury properties in Austin.

Much of the city’s thriving status is due to large local businesses like Dell and Whole Foods, expansion from companies such as Apple and National Instruments (who recently announced it will add 1,000 new jobs in

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Austin Almost Doubles Luxury Homes Sold this Year

Thursday, February 21st, 2013 at 12:00pm. 1,670 Views

Austin’s luxury homes market – homes sold for over $1 million – is starting to show marked contrast to the luxury market of 2012. 2013 has almost doubled the number of luxury homes sold, with 12 homes selling from January 1 to February 14 in 2012 and 22 homes selling by 2/14 in 2013. The median sold price of homes sold to that date this year was $1,324,950, with a median sold price per square foot of $309.30.

westlake homesPerhaps even more remarkable is that there were 54 luxury homes “pending” as of 2/14. This lends itself to an even larger number of luxury homes selling/closing in Austin in February and March, further eclipsing 2012 sales.

Popular luxury home areas in Austin include Westlake and the homes along Lake Austin, homes where students attend schools in

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Austin’s Ethnic Grocery Stores

Sunday, February 17th, 2013 at 11:22pm. 3,109 Views

asahi japanese food austinAustinites have a wide selection in ethnic ingredients with well-stocked gourmet and imported goods from Central Market and Fiesta Mart, but sometimes traveling off the beaten path for an unfamiliar ingredient can be almost as rewarding as a real travel adventure. Specialized ethnic markets run by people with firsthand knowledge of global cuisine are popping up throughout the city, with many concentrated on Burnet close to Tarrytown, and a few have been well established for over 20 years. Several ethnic markets also offer fresh sandwiches, kabobs, and other foods that may be too tempting to wait until home to eat.

Asahi Imports

Asahi Imports on Burnet, close to Allandale homes, is Austin's only exclusively Japanese market. The store stocks everyday

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Austin Growing Jobs & its Manufacturing Market

Sunday, February 17th, 2013 at 10:14pm. 1,697 Views

avery ranch homesA new study published by The Business Journals ranks Texas as one of the states least scathed by the recession, with Austin offering the best conditions in the nation for small business growth. Austin also is being touted as having one of the best economic climates for successful manufacturing.

The Business Journals utilized a six-part formula to rank the nation's 102 major metropolitan areas, bestowing the best scores on areas highly conducive to the creation and development of small businesses (private-sector employers with 99 or fewer employees). Austin boasts 23 small businesses per 1,000 people and a private sector job growth of 4.57% in one year, meaning homes for sale in Austin are quickly shrinking in supply as more people move in and even more

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Rodeo Austin 2013 Takes Over Texas, March 8th-23rd

Friday, February 15th, 2013 at 4:45pm. 5,421 Views

rodeo austin 2013Every March, the Star of Texas Fair and Rodeo (Rodeo Austin) rolls into the beloved Capital of Texas. For two fantastic weeks, the Travis County Expo Center rocks with award-winning live music, and the grassy fairgrounds flood with families out to enjoy the amusement park, BBQ cook-off, live auctions, horse and livestock shows, bull-riding, calf scrambles, and good weather.

Rodeo Austin’s star-studded lineup of 2013 musical performances includes Dierks Bentley, the Eli Young Band, Sara Evans, Megan & Liz, Alabama Shakes, All Star Series, Josh Abbott Band, Charlie Daniels Band, Easton Corbin, Kip Moore, Merle Haggard, Restless Heart, Three Dog Night, Josh Turner, Kevin Fowler, Kyle Park with Cody Johnson, Gary Allan, and more!

rodeo kids austin

“I love Rodeo Austin

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Good Times, Great BBQ, and All for the Kids: La Pasadita and Rodeo Austin!

Friday, February 15th, 2013 at 3:57pm. 2,591 Views

rodeo austin fundraisersMarch’s upcoming Star of Texas Fair & Rodeo (aka Rodeo Austin) is about more than fairground fun: it ranks as Central Texas’ largest youth education fundraiser. Over the last 20 years, Rodeo Austin has awarded over $20 million to over 13,500 students in 120 Texas counties.

Each spring, 40 to 60 Texas BBQ teams descend upon Rodeo Austin to feed and entertain visitors during its annual BBQ cook-off. Teams compete in several categories, including “Tip Jar,” where tip jar donations, combined with team sponsorships, go toward the Star of Texas Youth Scholarship Fund.

austin barbecue contestIn 2010, one BBQ team crossed the half a million dollars-raised mark for Texas’ youth. This second-generation team of classmates and friends, “La Pasadita,” has thrown a fun-raising “party

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Austin’s Grocery Stores

Friday, February 15th, 2013 at 11:19am. 2,968 Views

HEB AustinEven large chain grocery stores in Austin are homegrown, with the three largest retailers, HEB, Randall’s, and Fiesta Mart, founded in the Texas cities of San Antonio and Houston. These Texas-founded and Texas-sized stores make “shopping local” easy, with each frequently utilizing the state's farmers and suppliers to stock produce aisles and pantry shelves. These grocers also make commutes easy, with stores located near almost every neighborhood in Austin, including far south homes in Circle C and the upper border of Austin, the northern Avery Ranch neighborhood.

HEB

HEB, founded in Kerville, Texas, has approximately 32 stores in and around Austin. Now based in San Antonio, the 340-store company operates Central Market, an upscale organic and fine

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February Gardening Tips from the Natural Gardener

Wednesday, February 13th, 2013 at 3:17pm. 1,852 Views

austin native plantingValentine’s Day is almost here, and one of your New Year’s resolutions was to do a better job in the garden. Not sure where to begin? Thanks to the Natural Gardener, the “organic gardening headquarters” of Southwest Austin, you’ve come to the right place!

Gardening To Do List for February

- Sow Vegetable Seeds: Beets, Carrots, Endive, Kale, Kohlrabi, Lettuce, Mustard Greens, Parsnip, Peas, Radish, Rutabaga, Spinach, Turnips. Start Tomatoes and Peppers indoors.

- Sow Herb Seeds: Chives, Cilantro, Dill, Echinacea, Parsley.

- Sow Flowers Seeds: Coreopsis, Cosmos, Nasturtium, Sweet Peas.

- Plant Vegetable Plants: Artichokes, Asparagus, Asian Greens, Broccoli, Cabbage, Chard, Collards, Lettuce, Mustard Greens, Onion Sets, Seed Potatoes, Shallot

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Austin, Texas Real Estate Market Update and Statistics February 2013

Wednesday, February 13th, 2013 at 2:28pm. 2,177 Views

The Austin real estate market is off with a bang for the beginning of 2013. Comparing it to January 2012, Austin experienced a 21.25% increase in homes sold, a 14.54% increase in median sold prices, and a 29.33% decrease in days on the market. Compared to February 2012, we see a 35% decrease in homes for sale and a 30.12% increase in homes pending sale. We're also seeing fewer homes pulled from the market, with a 33.76% decrease in withdrawn homes compared to January 2012.

Snapshot: February 11, 2013

1,425 single-family homes for sale - average 102 days on the market - $415,802 median price ($154.81 per sq. ft.)

 

austin homes for saleWhat’s driving this tightening market?

  • Low inventory due to a heavy demand for existing homes
  • Austin’s desirability for quality

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