Nearly four years ago, the City picked Trammell Crow to redevelop the 4.4 acre Green Water Treatment site on the Southwest end of downtown. Now, with the site finally cleared and ready fro construction, the $500 million project remains stalled as the City Council further deliberates on the planned land and development deal. According to…
News
Austin real estate news combined with editorial and opinion.
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)…
Migration, Job Growth Likely to Push Real Estate Prices up
The factors that drive real estate appreciation are very well known: migration, job creation, low interest rates, and accessible credit drive price appreciation as long as supply isn’t increasing equally rapidly. Over the next two years, Austin will see very strong migration and job creation in a low-interest rate environment with only small increases in…