Austin, TX Real Estate News

By Danny Smith
(DISCOVER TEXAS HOMES)
Austin is known not only for music but the Atmosphere around the lakes. Below are some of the places to go!1.The Oasis at Lake Travis is a restaurant that lies in tiers 450 ft above the lake. Every evening folks go out to Lake Travis to sit at The Oasis to watch the beautiful Sunsets on the lake! At night they have a outside stage for live music. http://www.oasis-austin.com/                         There are over 40 decks at various levels to enjoy the sunset while sipping on a Margarita!                                 2.Further down the lake lies the Iguana Grill. As with almost all places in Austin The Iguana features live music at night. Here at the Iguana not only do you have a beautiful view but the food is well known. You can;t loose going here. A must for all Tourists! http://ww...
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By Danny Smith
(DISCOVER TEXAS HOMES)
Austin Texas Home of the Armadillo! Austin has been know for years and years as the Live Music Capital of the World! Part of that claim comes from the 70's when the Armadillo World Headquarters was the place to hear music from the Clash, Willie Nelson, Commander Cody and the Lost Planet Airmen, Johnny Winter, and many others. The Armadillo closed forever Jan. 1 1981. http://www.armadilloworldheadquarters.com/However there was another venue in Austin that had existed since 1933 as a Filling Station that was owned by a local bootlegger named Kenneth Threadgill. The same year Kenneth opened the station the County turned "Wet" and Kenneth stood out side in the rain waiting to get the first liqueur license. Soon the filling station became a favorite spot for traveling musicians since it was ...
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By Danny Smith
(DISCOVER TEXAS HOMES)
I received this from a friend and thought how true it is! I wanted to share with all of you! I home everyone enjoys it as musch as I did and I know you can relate to it!  Enjoy!                                              Was this not the truth guys? This covered jsut about every situation that i can think of Realtor, Homeowner, buyer, mortgage guy, appraiser and the Tax man! What a Hoot!                                                           dsmith93@AvalarAREa.com
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Companies owning office space in Austin are pretty happy right now.  According to the Statesman a few days ago, the Austin area's office space is showing the lowest vacancy rate in six years.  As a result, rents in the downtown area are right up there, being the highest in 6 years.  So what does this have to do with residential real estate (what this blog is generally about)?  Well, it seems to me that having a low vacancy rate and high rents are just one more indication of the overall health of the Austin economy.  Any city with a healthy overall economy is likely to have a pretty healthy real estate market and that is exactly what we're seeing.
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     This is Hamilton Pool - well, part of it anyway.  What was once a cave is now a huge grotto with water falling into the pool from about 80 feet above.         Walking down the trail away from the pool, you follow a stream to the Pedernales River that is lined with huge cypress trees.  This was taken in November, when the needles had fallen into the water.       Hamilton Pool is west of Austin out Hamilton Pool Road.  Want to see more?  Check out my Hamilton Pool Photo page.
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By Danny Smith
(DISCOVER TEXAS HOMES)
Planes, Trains, and Automobiles...or could we say all roads lead to Austin Texas. Austin years ago built one of the most modern International Airports in the country! The Austin Bergstrom International Airport. http://www.ci.austin.tx.us/austinairport/ This was to help Austin in the future growth of the area.Again in an attempt to acccomadate the rapid growth of the area Austin found it necessary to address the flow of traffic. Automobiles would sit in long lines each morning and afternoon on the roadways. So a mass effort was put forth to upgrade the current roads and to place new roadways in to the area.http://www.centraltexasturnpike.org/http://www.centraltexasturnpike.org/sh130/default.aspxhttp://www.centraltexasturnpike.org/sh45n/default.aspxhttp://www.centraltexasturnpike.org/loop...
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By Danny Smith
(DISCOVER TEXAS HOMES)
The good guys..the Austin Sheriff's Department is doing something good by contributing to someone in the community that is endeared in the hearts of many. They are rebuilding the home of Geneva Johnson fondly known as Granny. Seems Granny has been giving to her community for years and now she is being repaid for some of her love for the community. Granny has lived in the same house for 40 years and it was badly in need of repair.This is where the Good guys come in...read the following article for more details.http://www.news8austin.com/content/top_stories/default.asp?ArID=181883   Danny Smith - dsmith93@AvalarAREA.com 
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A Four Seasons condo project is coming to downtown Austin.  Called the Four Seasons Residences, there will be 166 units ranging in price from $400,000 to $2,000,000.  So Austin is getting yet another high-rise condo project.  There are conflicting opinions about whether or not the market can absorb all of the units coming to downtown.  I'm just going to sit back and watch.
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By Danny Smith
(DISCOVER TEXAS HOMES)
Bury+Partners Inc. has moved into the downtown Chase Tower in Austin and Land Design Partners has taken over the floors three, five, six and a portion of the basement. Expansion for to accomodat thier customers that are also in Downtown office buildings.          http://austin.bizjournals.com/austin/stories/2007/03/26/daily5.html?b=1174881600^1437677Looks like office space in Round Rock is going to go GREEN with a office space park with over 135,000 square feet of office space. Appears to be geared towards attracting Big Corporations into the Round Rock area. As you know Round Rock is where DELL Computer Corporation has it's World Headquarters.  http://austin.bizjournals.com/austin/stories/2007/03/26/story4.html?b=1174881600^1436515           
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By Danny Smith
(DISCOVER TEXAS HOMES)
Condo's,Condo's,Condo's seem to be in the news again here in Austin Texas. With around 35 different projects already underway this week we see announcements of one Real Estate Firm that is already dealing with the sale of many of the Condos in some of these projects are now opening a second office to help focus on the growth.http://austin.bizjournals.com/austin/stories/2007/03/26/daily29.html?b=1174881600^1440044The intersection of 183 North and Lamar Blvd. is looking to have 7,200 Sf of Living-Work, and Neighborhood-Orientated retaiol Space developed. For awhile we were having to deal with the growth of the infrastructure. New roads, highways etc. Now we may be finding ourselves driving on the new roads to avoid construction! But this is a good thing! http://austin.bizjournals.com/aust...
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By Danny Smith
(DISCOVER TEXAS HOMES)
Not only is the Austin Area Residential construction Hot! So is the Austin Commercial Development! Below I've given you an overview of the week in Austin's Commercial success and plans.  Friday 23rd 2007:         Austin Mayor Will Winn and the City Council recently passed what they are calling a "Climate Protection Plan". They 1st started with Residential where both existing and new build homes have to meet certain "Green" criteria by a certain year in the future. It looks like they are now passing that criteria over into the Commercial sector as well. http://austin.bizjournals.com/austin/stories/2007/03/26/focus6.html?b=1174881600^1436601Round Rock continues to grow as astounding leaps and bounds. I built my home there in 1999 and it looks like I made a good choice in locations.  -  So...
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By Ki Gray, Austin Real Estate
Austin real estate estate has been experiencing a growth increase.  With more people moving into Austin the real estate has been steadly increasing.  The question we have had is whether we should grow up with more and more condos downtown as can be seen here Austin Condos or grow out with more single family homes.  The benefit of growing up is that with concentrated growth you can spend less on city services per person.  Also with concentrated growth people spend less time in the car leading to lower pollution.  The problem with concentrated growth is that alot of people dont like condos espically young families.  There is no yard for the kids or pets.   Also as condos have been built small businesses have been displaced to make way for the downtown condos.  If anyone from other cities ...
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By Danny Smith
(DISCOVER TEXAS HOMES)
Venezuela known as  "Tierra de Gracia" ("Land of Grace"). A beautiful Country with a turbulent past and present.Back in April of 1996 I met a young lady from Venezuela and dated her through October of 1997. We met at a Tequila party here in Austin Texas. She spoke very poor English an I spoke no Venezuelan. Which I believe is actually Portuguese. It was a situation where your instantly attracted to one another for whatever reason. We spent the entire evening trying to communicate with one another. To say the least after the party and I had gone home, I was totally exhausted from trying to communicate with her. However we had a mutual friend whom was from Costa Rica. Through her I was able to get my new friends phone number etc. My new friends name was Danielee. To say the least Danielee...
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By Tricia Jumonville, Texas REALTOR , Agent With Horse Sense
(Bradfield Properties)
In Central Texas, we do love to party.  Some times of year (this is one of them), you can hardly throw a rock without hitting a festival of some sort or another.  For example, this week/weekend:  From March 28-April 1, the Texas Wine and Food Festival has its 22nd annual event - over 100 restaurants and 60 wineries participate.  This one, I AM going to - I've been invited to join the Cedar Park Wineaux in attending the final event of the week, on Sunday, a big food and wine "do" in San Gabriel Park here in Georgetown, complete with (what else?) BBQ and other beef treats, culinary stages, wine seminars, and more.  On Saturday is another one of my favorite events, the Swamp Romp.  Yep, I said Swamp  Romp.  Well, it's official name is the Louisiana Swamp Thing and Crawfish Festival, but I'...
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By Sam Chapman
Showing waterfront property on Lake Travis when the lake is 35 feet low is not easy.  People not from the area have a hard time visualizing the lake when full.  Rain from two weekends ago raised the level if Lake Travis about 7 feet.  More rain yesterday and today will probably fesult in a 10+ foot rise over the next 3 or so days.  I couldn't be happier.  We need the water just for water supply AND it is finally getting easier to show waterfront homes again.
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It's official, the process of building and selling the first homes in the award-winning Mueller community has begun! In total, 350 homes will be built beginning this summer for move-in by the end of 2007 through early 2008. Thousands have registered indicating their interest in living in the new mixed-use urban village at the old airport. Time is of the essence! You only have until April 30 to complete a registration form, to express your interest in purchasing a home! Once the documents are postmarked by April 30, a random priority list will be used to complete the sale of the first residential phase. You will be notified where you appear on the priority list, conversions to select elevation and floor plans, lot location, custom features and more will all take place through the end of ...
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By Danny Smith
(DISCOVER TEXAS HOMES)
The Alamo Drafthouse..sound like a beer place doesn't it? It's one of the most unique movie theater's in the united states and it originated in Austin. Currently there are five locations in Austin and one in Houston, Katy, San Antonio, Rio Grande Valley. They also have a rolling Roadshow which I will speak about shortly. But for now the Alamo Drafthouse shows current films as well as the Avant Garde. You can go there and they have tables where you sit and you can order food off of a menu that will be delivered to where your sitting. You can also order beer. They start the movies with the old type movie reels and on Tuesday nights it's crowd participation night. People sing along etc. The roadshow will cater to parties and public events. One time they had it at the lake but everyone had ...
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Austin's economy is hot.  According to Austin Mayor Will Wynn, the Austin metro economy is the strongest in the country.  He said that because of all the jobs we have attracted.  Since 2003, the Austin area has added almost 81,000 jobs.  That is a huge thing.  We have had a lot of corporate relocations with many coming from California.  Early in this time period we were adding more service sector jobs than anything else.  However, that started to change when folks like Samsung, HP and Home Depot came to town.  Samsung is building its largest U.S. chip plant in Austin.  HP and Home Depot added data centers here.  The jobs associated with these are higher paying and these folks are buying more high-end homes in the Austin area.  Jobs drive real estate and real estate in Austin is quite st...
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By Steve Crossland, Austin TX Real Estate
(Crossland Real Estate)
The Austin Rental Market continues to show steady improvement for landlords. Average and Median rents for single family homes are up about 5% from Feb of last year. Median Days on Market dropped 7.8% to 47 days, meaning half of all homes leased through the Austin MLS took longer than 47 days, and half took less than 47 days to lease.I do suspect, however, that good Austin Property Managers and Landlords achieve better results than what my stats show. For example, Sylvia and I purchased another investment home last month in Oak Hill (built in 1973, none of our investors wanted it so we jumped on it ourselves). I stuck a sign in the yard and Sylvia showed the first person who called that day and we leased it before it even got entered into the MLS. The overall stats I report don't have th...
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By Steve Crossland, Austin TX Real Estate
(Crossland Real Estate)
February real estate sales stats for Austin show a modest gain over the same month last year. Number of sales for single family homes is up 1.5% from Feb 2006. The Average Sales price is up 3.0% from $231,337 in Feb 2006 to $238,374 in Feb 2007. Median sales price is up 5% from $171,250 to $179,000. Average price per square foot is up 2.7% from $111 to $114. These numbers seem flat compared to what Sylvia and I are actually experiencing in South Austin, so I checked the stats on the areas we work to see what was going on.Area 10N: Avg Price up 21%, Median price up 6.01%Area 10S: Avg Price up 15%, Median price up 13.33%Area SWE: Avg Price up 12.7%, Median price up 13.62%Area SWW: Avg Price up 5.09%, Median Price up 2.81%Not sure what's up in area SWW. It's been hot for the homes we've so...
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