Austin Real Estate Blog

Austin, Texas Housing Market Update -

The numbers are in for Austin home sales in August, and the single family home median price has risen 6% in the last 12 months!  The total number of sales has fallen slightly, but the prices continue to climb.

The August 2006 the median single family home price was $180,500.  The median for August 2007 was $192,200.  The average home sales price also rose from $241,200 to $258,954.  The chart below is courtesy of the Austin Board of Realtors.

















As of today (10/2/07), there are 11,454 active residential listings on the market. The current range of prices is $19,900 to $13,500,000. The current average asking price is $369,539.

Please give us a call if you need specific neighborhood market info! …

This Highland Village home has recently been listed for sale.  It is conveniently located in Central Austin and is close to everything!  The property has just been remodeled and updated and is looking great.  The home has 3 bedrooms and 2 baths and an open floor plan.  The home also features shining wood floors, stone countertops, custom lighting, and a spacious covered deck for entertaining.  The property is being offered for $364,000 and it will sell quickly.  Please call 512-344-6000 for more information or to schedule a tour.

This Kimball Hill home was built in 2007 and it is almost new!  It is the Crestview floor plan which has 1867 square feet per the builder plans.  This 1-story home features extensive tile, corian type countertops, faux wood blinds, and two covered patios!  This home is ready to go at only $192,990!  Please call 512-344-6000 to arrange a showing.

A new listing is available in The Villas on Lake Travis.  The unit is being offered for sale FULLY FURNISHED!  This condominium complex is gated and the property is situated directly on Lake Travis with some truly wonderful views.  The complex features swimming pools overlooking the lake and convenient day docks for boating activities on the Lake.  Please call 512-344-6000 for a showing!

We have listed a very nice 1-story home in the Sonoma subdivision in Round Rock.  This home is only a few years old and is very clean.  The property has numerous upgrades like wood floors, ceramic tile, and a large outdoor entertaining area with water feature.  The home also features a three car tandem garage with plenty of storage and workspace.  The home is approximately 2700 square feet and is all on one level.  Please call for an appointment to view this property!  512-344-6000

Central Texas foreclosures are down to their lowest level in four years!

As foreclosures are increasing around the country they are becoming more rare in Austin and the surrounding area.  The real estate market in Austin is very strong right now and that makes it easier for sellers to get out of properties quickly when facing financial problems.  Austin also has very low unemployment - another factor in the low foreclosure rate.

Things are looking good for Austin.  We should see another great year for housing appreciation!

Just listed!  3601 Garden Villa Lane  -  $447,500

Remodel done RIGHT!!!   Designed by former Architectural firm owner.  Top notch materials with open floor plan.  Beautiful landscaping w/ enchanting garden to sit back and relax in.  Kitchen and master suite to die for!














Call 512-344-6000 for a showing - this one will sell fast!!

Construction has begun on a new 31-story apartment tower in downtown Austin.

The Legacy@Town Lake is the latest high-rise to break ground amid downtown Austin's building boom. The 187-unit luxury apartment tower is located at the intersection of Rainey and Cummings Street.

The units will be from 650 to 2,900 square feet, and the rental rates are projected to range from $1,300 to $7,000, with the average rent projected to be $2,300.  These units will not be offered for sale at this time.

Legacy@Town Lake’s planned Grand Opening is for fall 2008.

 

Cantera Real Estate, Inc. now has real time market statistics on our website.  The link below will always have the latest statistical information for our local market:

www.jimolenbush.com/market.htm

We would love to discuss the current market with you - give us a call anytime - 512-344-6000.

A report released by the website HousingPredictor.com notes that Austin and other Texas cities are leading the way in sales and appreciation.  The report mentions that some properties are selling for full price in Austin as well as Houston and Dallas.  Here is the link to the story:

www.webwire.com/ViewPressRel.asp


Give us a call if we can help you Austin real estate.  1-800-790-7910