Austin, TX Real Estate News

By Sam Chapman
For anyone who has not been to Lake Travis, west of Austin, you're in for a treat.  I put together a Lake Travis photo album on my Austin real estate website just to give people a visual.  Lake Travis is amazing.  It sits in the Hill Country and can have huge main basin view from hundreds of fee above the lake.  I have some nice shots, but I need to get some shots from a boat showing the terracing, d and rock work behind many Lake Travis homes.   Please take a look.
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Austin's real estate market is very different than it was from 2001-2005.  However, it surprises me that it is pretty similar this Spring as compared to last Spring in terms of selling time.  The average days on market for homes sold in Austin from March 1-19 this is 82.  During the same time period last year the average days on market to sell an Austin home was 89.  Fewer homes have sold this year in March than last year - 861 compared to 1050.  However, looking back to 2005, there were far fewer Austin homes sold during the same period than in March of 2007 and the average days on market was 112.  Compared to last March prices are up, listings are about the same, selling time is about the same, but the number of homes sold is down.  Are we cooling or just taking a short breather?  I'm...
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By Danny Smith
(DISCOVER TEXAS HOMES)
    Britannia Manor is the residence of game designer Richard Garriott. The name comes from the castle of Lord British, ruler of Britannia, the setting of the Ultima computer role playing game series, which he created. Britannia Manor is situated atop a large hill near Austin, Texas. Before 1995, Britannia Manor was famous for hosting the most elaborate haunted house in the country. Garriott spent a great deal of money biannually around Halloween to pay for makeup, tools, construction materials, special effects, and costumes for his haunted house. The actors and techs were all volunteers, many donating hundreds of hours for the honor of being a part of the show, and a free t-shirt. Only two men were paid to work on Britannia Manor, Greg Dykes and Keith Ewing, from local construction com...
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By Danny Smith
(DISCOVER TEXAS HOMES)
One would think that this magnificent Castle was right out of a fairy tale! From it's looks it could be a Castle in Europe! But no it's in The Texas Hill Country.  It's known as The Falkenstein Castle. The Falkenstein Castle was built on the highest hill in the Hill country that could be found. The owner wanted the setting to be like the old Castles of Europe, having lots of open land around the Castle. They did not want to build within a city, or a commercial area. The castle is located on 113 acres in the middle of mostly Texas parkland that covers an additional 5,000 acres. On a clear day the 360 degree views extends 30 miles in every direction.  The Castle's serene location is on 6 miles of a winding stretch of Park Road 4. There is not much traffic, but there is also no lighting at...
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By Danny Smith
(DISCOVER TEXAS HOMES)
You may be asking yourself, "What is all this talk about living in Austin, Texas?".  Well to find out just click on this site. http://www.makeaustinhomenow.com/relovideo.htmAustin offers both the (as ranked by Forbes) 'Best Place for Business and Careers' to the every familiar local saying of the 'Live Music Capital of the World'. It is an awesome town for the relocating family or the singles moving into the area from distant places. The city is often described with adjectives such as inventive, creative, rockin', educated, fit and we are always "keeping Austin Weird!". So, if quality of life is something you hold dear; Austin is the place to be with its lush environment and affordable and diverse neighborhoods. You may choose from a loft in our urban areas or an estate in the hill coun...
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Roger Sturgell, General Manager & Partner512-795-4000 - office512-626-1143 - cellrsturgell@AvalarAREA.com  FOR IMMEDIATE RELEASE(February 21, 2007)AUSTIN'S FIRST REAL ESTATE INTERNET COFFEEHOUSE OPENS ON PARMER LANEAvalar Real Estate Associates (AREA) announce opening of first Austin office(Austin, TX) When you walk in the door under the new Avalar sign at 9225 W. Parmer Lane and RR 620, you are offered a cup of coffee from the selection at the bar then led to a computer hooked up to the internet.You might think you are at one of the corner specialty coffee shops, given the casual atmosphere and the hum of laptops in the lobby. But you've just entered the first of the new Avalar Real Estate Associates (AREA) offices in Austin, designed to fit the needs of the modern home hunter.Roger St...
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By Danny Smith
(DISCOVER TEXAS HOMES)
Ok, this tax break does not affect all but it is some relief in addition to what the legislature passd last year. Hopefully more will come and all is welcome!  - Danny Perry sets May 12 special election/property tax cuts3/12/2007 5:03 PMBy: Associated PressGov. Rick Perry says a special election will be held May 12 on a proposed constitutional amendment for property tax relief.The measure involves extending public school property tax rate reductions to elderly and disabled residents of Texas for the 2006 and 2007 tax years.Perry backs the measure, saying "I encourage all Texans to join me in voting for this constitutional amendment so that elderly and disabled Texans benefit from record property tax relief the same as other homeowners." The governor last year signed a more than $15 bill...
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There is a house being build in Austin that I have heard interestings about.  I can't confirm this, but I've heard from several agents that the master bedroom has a domed, glass ceiling.  But wait, it gets better.  Supposedly, the owner is having a bed installed that will rise into the dome so he can see the stars at night!  I hope he remembers where he is if he wakes up and needs to walk to the bathroom!
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I have been to downtown Austin quite a number of times over the last few weeks to pick clients up.  I usually don't have a compelling reason to go there.  I am amazed by what see downtown in Austin.  There haven't been this many cranes on the skyline since 1999 or 2000.  New offic buildings and high-rise condo and loft projects are everywhere.  Is this sustainable?  Yes and no in my opinion. I think the overall growth in Austin will remain strong for 3+ years, but I'm not sure if the high-rise condos will hold value.  My thought is that the absorbtion won't be what developers are hoping for.  I'd be intereste in other agent's opinions.
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By Loren Kirkpatrick
(Texas Realty Partners, LLC)
SXSW is upon us in Austin again this year.  What a great week to enjoy and savor why Austin is such a great place to live. For people interested in seeing some live shows during the day Friday & Saturday March 16th & March 17th check out www.thehotfreaks.com  Also there are great music listings for all the parties located at: http://2007.sxsw.com/music/showcases/date/2007-03-14.html http://www.austin360.com http://www.showlistaustin.com http://www.do512.com Alamo Title is presenting a party at the Austin Live Stock Show & Rodeo this weekend, so if you make it out there be sure to go visit their cookout and get a taste of Texas and Austin.   
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By Danny Smith
(DISCOVER TEXAS HOMES)
Austin, Texas has always been a neat place to Visit! Because of many different reasons. It's many and varied restaurants, Lakes, Music, Festivals, Hill country, etc. But Dallas and Houston have always been known for their shopping. But Now Austin can equal them with the opening of the Domain. It will have 75 High end stores to shop at equal to all that Dallas or Houston have to offer. Read the article below. Opening weekend of the Domain kicks off in style3/9/2007 2:46 PMBy: News 8 Austin Staff After years in the making, Austin's newest shopping spot is officially open for business.   On Friday morning, the 75 upscale stores at the Domainbegan welcoming customers. The opening weekend kicks off with giveaways, including shopping sprees and a Cadillac Escalade. The Domain boasts of high-e...
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By Tricia Jumonville, Texas REALTOR , Agent With Horse Sense
(Bradfield Properties)
Back in 1963, University of Austin Professor Lloyd Birdwell's English class needed a break due to spring fever.  So, they had a party for a fictional character - Eeyore, the perpetually depressed donkey from A.A. Milne's "Pooh" series.  It was a small affair, held in Eastwoods Park on the east side of the University campus.  Some refreshments, a donkey, a May Pole - your typical 60's kid's birthday party.  Fast forward to today, some 44 years later.  People noticed the party.  People thought it was a good idea.  People thought costumes would be an even better idea.  The party outgrew Eastwoods Park after several years.  It moved to much larger Pease Park along Lamar Blvd.Eeyore's Birthday Party is held the last Saturday in April each year (with a rain date of the following weekend).  Th...
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By Tricia Jumonville, Texas REALTOR , Agent With Horse Sense
(Bradfield Properties)
Go fly a kite!Every March, in a demonstration of Austin weirdness and community, Austinites and Central Texans take this seriously and thousands of us get together and fly a kite.  Last weekend, Austin celebrated the 79th annual Zilker Kite Festival (aka the Zilker Kite Flying Contest) in Zilker Park.  Kites of all sizes and colors filled the skies.  In the weeks before the festival, kite lovers of every flavor attended workshops on kite design and building, constructed kites, bought kites at the local convenience store, and on Sunday, brought them to the park to see how they would fly.  Some participated in the annual competitions; others just enjoyed the spring day flying their kites.  I missed the contest this year; got so busy with my real estate clients that I looked up on Monday a...
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New market stats from Alamo Title Co. for the week of Feb. 25-March 3, 2007 compared to the same week a year ago:The number of new listings dropped almost 20%.  Pending sales were down almost 4%.  The number of homes sold went up almost 2%.  The average list price of a new listing went up almost 12% to $334,940.  For this week, we had just under 8200 active listings.  The same week last year had just over 7900 active listings.
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By Sam Chapman
Spring has arrived and buyers are everywhere in Ausitn.  I had two buyers in two weekends ago, one this past weekend, one is coming this Friday and another in two weeks.   Two are already under contract.  This is just another strong sign that Austin is one of the hottest spots in the country for real estate.
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By Deborah DeBalko
(EXIT Realty Westlake)
SXSWeek › March 9-18Interactive › March 9-13Film › March 9-17Music › March 14-18» register now to attend» shopping cart» online reg directory» contact usSouth by Southwest (SXSW) is an interactive, film and music festival and conference that has taken place every spring in Austin, Texas since 1987. The music festival is one of the biggest in the United States, with over a thousand performers playing in dozens of venues around downtown Austin for a week in March.Check out the venue for Austin's SXSW 2007http://2007.sxsw.com/ 
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By Danny Smith
(DISCOVER TEXAS HOMES)
The SXSW Music Festival is due to start here in Austin on March the 14th! This is the largest festival of it's kind in North America. Bands from all over the world come to Austin to Showcase their Music. http://2007.sxsw.com/   If your a music lover Austin is the place to be from March the 9th to March the 18th. More than 1300 bands will play in the festival. That doesn't even account fo the bands that are here anyway. so there will be several thousand bands in all playing. Every bar and music venue in Austin will have continous music.     High level music executives will be amongst the crowds listening for the next stars. this is the reason all the bands come...is for the chance at Stardom!    
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By Danny Smith
(DISCOVER TEXAS HOMES)
Austin real estate market remain strong Austin Business Journal - 2:43 PM CST Monday, February 19, 2007Condominium and townhome sales recorded double-digit growth, although the number of single-family homes sales fell slightly over the previous year for the month of January, according to the latest Multiple Listing Service report from the Austin Board of Realtors. During the month of January, single-family home sales totaled 1,452, down slightly from the 1,556 homes sold during the same time last year. Despite the lower number of total homes sold, the total contribution to the local economy continued to inch upward reaching $352.43 million, a one-percent aggregate increase over last Januarys revenue figures. In addition, the median price for single-family homes rose from $165,750 last y...
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Current news articles concerning Central Texas, Austin, Lago Vista, and Leander. Danny ~ CENTRAL TEXAS HOME SALES LOW AUSTIN (Austin American-Statesman) Home sales in Central Texas hit a two-year low last month, according to a new report from the Austin Board of Realtors.January sales of preowned single family homes fell to 1,452, a 6 percent drop from a year ago. These figures were the lowest since January 2005, when 1,336 homes were sold.The median price climbed to $175,000, a nearly 5 percent increase over last year.Despite the January dip, the region is still defying the cooling housing market that has affected other parts of the country, and analysts expect the trend to continue. Real estate agents and experts predict Central Texas housing market in 2007 will be as strong, if not s...
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By Danny Smith
(DISCOVER TEXAS HOMES)
Below are some very interesting statistics about how people find a RealtorIn 1996 only 2% 0f home buyers used the Internet to locate a RealtorFive years later in 2001 that number changed to 41%Five more years later in 2006 that number changed to 85%Astounding numbers to say the least! Of course in the early years the Internet was new and up until the most recent years not all households had computers. All of that has changed.Additional statistics;The average age of Renters is...52The average age of a 1st time home buyer is...24Now I've read different statistics but they are all relative close. So what do these two statistics combined tell you? The average age of home buyers is beginning to get younger, the boomer's are now reaching retirement, and the Internet has become the most focuse...
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