There are 12 blog entries for March 2013.
Wednesday, March 27th, 2013 at 5:09pm. 17,496 Views
Interested in buying a luxury home in Austin, Texas? You’ll face stiffer competition and higher prices than in recent years, but options still abound.
As of March 23, 2013, there were 305 luxury homes – those listed over $1 million – on the Austin market. These commonly include Lake Austin properties and Westlake properties. The high list price for these active homes was $15 million, which equates to about $1,797 per square foot.
Average and median list prices reflected that most luxury homes in Austin are at a lower price point. The average list price was $2,424,346 (about $408 per square foot,) and the median list price was $1.8 million (about $349 per square foot.)
Seventy-six homes were pending, with a high list price of $6.95 million (about…
Friday, March 22nd, 2013 at 4:01pm. 2,714 Views
The largest music festivals in Austin draw tens of thousands of people from around the globe to fill city venues, streets, and hotels with music lovers. The smallest shows are found every night of the week, on every corner, with live music in almost every bar and restaurant in town. As newcomers often note, we even have live music in our grocery stores! Austin’s mild year-round weather, friendly atmosphere, and hopping live music scene make it the ideal place for hosting exceptional music festivals throughout the year.
The SXSW Music and Media Conference was first founded in 1987 and has since grown exponentially. The festival aims to educate and inspire musicians, as well as those who work with them. Almost 20,000 music industry…
Monday, March 18th, 2013 at 1:52pm. 47,923 Views
Austin’s population is growing, and with it, the number of recognizable and popular businesses grows in synch, creating jobs and excitement around new store openings. Austin and Travis County were among the fastest growing metropolitan areas in the country last year, according to the U.S. Census Bureau, adding 34,381 residents between July 2011 and July 2012. The fast growing population is aided by Austin’s affordable housing market. In a ranking by ZipRealty Inc., a high-tech residential brokerage company, Austin took seventh in a ranking of the ten most affordable metropolitans in the U.S.
Among the new businesses soon to open in Austin are Pinkberry, two Trader Joe’s grocery stores, and several new Whole Foods locations alongside a potential Whole…
Monday, March 18th, 2013 at 12:26am. 1,512 Views
It is pretty clear that Austin’s population is growing – and growing quickly. Austinites may be feeling the pinch in higher rental rates or a tightening buyers’ market for Austin homes, but at the same time, jobs have been more than keeping pace and the appeal of Austin’s lifestyle remains strong.
So, maybe we know why Austin is the place to be, but what are others saying? Here are some of the recent accolades that our fine city has garnered.
- Austin is the number one city in the nation for job growth.
- NerdWallet.com named Austin its Top City for Job Seekers.
- Austin was the second best-performing city, according to the Milken Institute.
- Trulia says Austin will be one of the healthiest housing markets in 2013.
- Forbes ranked Austin eighth on a
Sunday, March 17th, 2013 at 8:12pm. 2,257 Views
Times are ripe for Austin real estate! Americans are continuing to buy homes at an increasing pace – especially in Austin. So far during 2013, there were 18% more homes sold in Austin and a 4.82% increase in sold prices per square foot when comparing February 2013 to February 2012. There are 37.38% less homes for sale, a 29.17% increase in homes pending sale, a 28% decrease in homes withdrawn from the market, and it is taking 29.39% less time to sell a home.
* Interest rates are low, averaging 3.63% for a 30 year conventional loan today with 0.8 fees/points down per freddiemac.com. The Austin unemployment rate (Austin-Round Rock-San Marcos) during December 2012 showed a slight increase from the previous month at 4.9% in November 2012 compared to 5.0% in…
Sunday, March 17th, 2013 at 12:00pm. 2,043 Views
Regent Property Group real estate agent Kay Lawley was honored recently by the Austin Business Journal for earning the 24th spot in the city for individual agent sales production. The 2013 Residential Real Estate Awards recognized the Top 50 Realtors, as well as recognizing top home builders and communities.
Lawley is a seasoned networker who concentrates her real estate practice in central Austin, Tarrytown, and the luxury properties of close-in Lake Austin. She is consistently a top salesperson in Austin and is known for her honest opinions, hardworking nature, and steadfast approach to doing what is right for the client.
"I work hard for all my clients,” says Lawley. “I give the same attention and energy to a client looking for a $100k condo as to…
Friday, March 15th, 2013 at 12:45pm. 2,199 Views
Music may be king in Austin, but film is queen. Notable names in pictures like Trouble Maker Studios anchor the filmmaking scene, and organizations like the Austin Film Society promote the art of film within the city every day. Film festivals, spread throughout the year, attract producers, actors, special effects crews, screenwriters, critics, fans, and more to Austin every year, allowing Austinites their own avenue to premieres and stars.
SXSW Film Conference & Festival is part of the larger SXSW Festival, which is also comprised of an Interactive (technology) and Music component. The festival is held every March, with a mission to champion the vitality, innovation, and opportunity that drives the entertainment and media landscape, boldly…
Thursday, March 14th, 2013 at 4:08pm. 1,561 Views
From Travis Country to Barton Creek, Austin-area home sales continue to increase. According to a Multiple Listing Service (MLS) report released last month by the Austin Board of REALTORS®, January 2013 became the 20th straight month of sales volume increases—and the most home sales in January since 2007.
“The Austin real estate market showed steady growth in demand throughout 2012,” commented ABoR Chairman Cathy Coneway, “and if the first month of 2013 is any indication, this year looks to be continuing that momentum in a big way.”
According to the report, the total dollar volume of single-family properties sold was $368,289,978 – 55 percent more than the same month last year. Homes from Legend Oaks to Falcon Point sold in higher numbers. Over 1,400…
Thursday, March 14th, 2013 at 11:26am. 2,868 Views
Whether an Austin parent stays home all day with the kids, works from home in Lost Creek, or commutes from home to a long day’s work in Lakeway, parenting is no easy job.
For Austin nutritionist and cancer survivor Allison Reyna, the experience of raising three young children in a loving, healthy home, while trying to perform the job she loved -- all without nearby relatives for support -- was a consummate lesson in asking for help.
“I would not have survived if it was not for the support and guidance of those trusted friends, caregivers, and professionals whose help I sought,” confesses Reyna. “If only there had been one place,” she wonders, “one village I could have turned to no matter what the challenge with my children was!”
Well, now there is.…
Monday, March 11th, 2013 at 12:31pm. 2,140 Views
Whole Foods Market locations in Austin, Texas are bustling with energy since Whole Planet Foundation kicked off its 2013 Prosperity Campaign for global poverty relief. The five Austin stores have four weeks to raise $5.7 million – funds that will give more than 200,000 people a chance for a better life through over 36,000 microloans.
With no collateral, credit history or a contract required, microloans offer many low-income women their first chance to gain financial independence, launch their own businesses, and start a new life. Prosperity from food carts, at-home bakeries, and tailor shops can help women provide healthier meals, better housing, and an education for themselves and their children.
“A loan as small as $200 can spark lifelong change for…