Even as Austin grows with countless residential and commercial developments moving forward on the East Riverside corridor, a 1957 midcentury dwelling now listed at 5606 Penick Drive is a reminder of Southeast Austin’s prestigious past. From 1950 to 1984, what’s now known as the Riverside Golf Course was home to the famed Austin Country Club, the stomping grounds of legendary professional…
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Unbelievably, AustinTowers just celebrated its fifth anniversary! With nearly half a million visits, we’re thrilled with our very loyal base of readers! For our anniversary, we’re excited to help our thousands of frequent readers to keep up with the News on AustinTowers! Register Tell us more about why you visit the site and how we…
Austin: Top Investment Market
According to Realtor.com and data from the National Association of Realtors, Austin is the second-best real estate investment market in the Country. Out of 146 markets analyzed nationwide, Austin placed second after Tucson, Arizona. Austin ranks high for the potential for market appreciation and ability to generate financial returns through renting. With a very strong…
It’s Official: Austin Growing Like Crazy
According to the Austin Business Journal, Austin is the second fastest growing urban area in the country. “Austin experienced the second largest urban population growth over the last 10 years when compared to its peers, according to the U.S. Census Bureau. Among urbanized areas with populations of 1 million or more, Austin — with a…
Nokonah shows strong Price Appreciation, 360 Growth Flat
It’s well known that the value of a condo is mostly determined by the value of the building. No matter what improvements you make to your Railyard condo unit, it will sell for less on a $/SF basis than a unit in the Austonian. For this reason, we’ve crunched our full-year 2011 data to see…
Exclusive: January & February Sales Fetch Higher Prices
We’ve updated the AustinTowers | REATX Downtown Austin Condo Market Index for January and February, 2012, and our seasonally neutral 12-month tracking index set four new records. With January and February sales included, the 12-month tracking index set records for the highest $/square foot ($336), average sales price ($405,503), newest units (avg 1997) and shortest average days on market (78.8)…