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May 2016

There are 3 blog entries for May 2016.

Austin, Texas Real Estate Market Update and Statistics May 2016

Thursday, May 19th, 2016 at 6:36pm. 1,755 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. 1,697 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. 1,839 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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