104 E. 31st St. ste B, Austin, TX 78705

512-401-3330

Mar 20
MuellerModelHome

February 2015 Market Statistics

MuellerModelHome

Single family home sales and prices in Austin, Texas hit an all time high in February 2015. ABOR has released all statistics for single family homes today:

1,775 – Single-family homes sold, five percent more than February 2014.
$248,640 – Median price for single-family homes, eight percent more than February 2014.
$307,928 – Average price for single-family homes, five percent more than February 2014.
58 – Average number of days single-family homes spent on the market, three days more than February 2014.
2,619 – New single-family home listings on the market, three percent more than February 2014.
5,142 – Active single-family home listings on the market, nine percent more than February 2014.
2,278 – Pending sales for single-family homes, eight percent more than February 2014.
2.2 – Months of inventory* of single-family homes, 0.2 months more than February 2014.
$546,572,200 – Total dollar volume of single-family properties sold, 10 percent more than February 2014.

Photo Source


Mar 3
Antones

Antone’s New Home- Austin, Texas

Antones

Antone’s, a popular music venue first founded in downtown Austin, has been looking for a new home for about two years and has finally found one. Antone’s will reopen summer 2015 on 5th street in downtown Austin, next to the steakhouse Eddie V’s. The venue is going to be two stories, the second story used as an event space for special events and other bookings.

Will Bridges, a club and restaurant owner in Austin, states that Antone’s will have an in-house talent buyer that will work alongside outside outside buyers to make sure there is always great music playing at the venue.

Resource


Feb 18
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New development for East Austin

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East Austin has become increasingly more popular over the last couple of years, and that’s not going to stop any time soon.

According to Austin Business Journal, Transwestern Development Company has officially started construction of a new project in East Austin. Plans for this two-building site include 9,600 sqft of retail, 94,500 sqft of office space, and a 346 unit apartment building that will be named “The Arnold.” President of Transwestern, Josh Delk, stated in the company’s announcement “The Arnold and accompanying office building will add to the creative energy with its mix of office, multiple housing options and prominent local retail and restaurant offerings.”

The Arnold will no doubt be a popular place to live for young professionals or students who want to reside in East Austin. Transwestern claims that there will be a pool, roof deck, multiple meeting areas, a yoga room, and a fitness center as well as storage spaces for individual units.

The office space is set for completion in January of 2016. The retail and residential is set to be completed in July of 2016.


Feb 17
Steve Johnson Quote

RPA is featured on Self Storage!

Steve Johnson Quote

We at Realty Pros are happy to announce that our very own broker and owner of the company, Steve Johnson, was recently featured on SelfStorage.com as a real estate expert. His quote on the Self Storage website provides insight for those moving to Austin and we are happy to say that his quote will help many newcomers find their own niche in our fast growing city. Make sure you check it out on their Austin, TX page!


Feb 13
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Bus lane coming to The Drag

UT-CO-OP-By-Daniel-Reese-02

Here’s some exciting news for students! Austin Business Journal has reported that the City of Austin is considering adding an entire bus lane for Guadalupe Street, more specifically in the area that Austinites call ‘The Drag.’ There is already a bus lane as you travel further south on Guadalupe towards downtown, but the the community says that the campus area is where a lane is needed most. Austin Business Journal is doing a poll that you can participate in, voting whether or not you think a bus lane would be beneficial in helping decongest traffic throughout the week at prime time hours. Here is another article by Austin Monitor touching on this topic of improving the street and its traffic. Put in your thoughts!


Feb 12
Burnet Marketplace Persp1

Burnet Rd in Austin is booming with business

Burnet Marketplace Persp1

Burnet Road (aka BURO), a popular street in Austin located near Mopac & 183, has been growing increasingly over the last couple of years. The street even has it’s own BURO website that provides the public with new and exciting information about what’s going on with the road.

More recently, it’s been reported that Ten Thousand Villages, a fair trade retail store, is moving from South Congress to Burnet Road where it will have much more space. The new store is set to open in March and is excited to to be in a new setting and meeting new customers.

Here’s a list of some other businesses that have recently opened up on Burnet Road and are worth checking out for yourself!

Restaurants: Taco Flats, Noble Sandwich Co, Tacodeli, Twisted Root Burger Co.

Bars: Little Woodrows, 416 Bar & Grille,

Retail: Bobalu Cigar Company, Kellie’s Baking Company, Rove on Over

Residential: Burnet Flats, The Oasis at Midtown

And so much more!

Source


Feb 10
20306OT1

Domain Space for Sale

20306OT1

HFF LP is putting up a combination of office, retail and residential space in The Domain for sale. Although the prices aren’t listed yet, you can see the full sales brochure including what’s for sale here. Austin Business Journal states that the commercial real estate market has been doing very well the past couple of years and if owners sell now then there is a good chance to maximize their overall returns. This is is a fantastic central Austin location for businesses as The Domain is always packed with young professionals who go there to shop, eat and even reside.


Feb 4
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Austin Office Space Remodel

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The Seaholm Powerplant has been long overdue for a creative makeover, and the downtown building is almost ready for its new occupants. See the Austin Business Journal Article to view many photos of the new space. The building is designed as an office space and will be occupied by about 70 Athenahealth employees at first but they plan to grow quite a bit. The new office space should be ready for move in in the next 5 days.


Feb 3
Greenwater-Development-In-Downtown-Austin

Austin Apartments- Rent in 2015

Greenwater-Development-In-Downtown-Austin

There has been discussion as to whether rent for Austin apartments will increase, decrease, or remain the same for 2015. Since the beginning of 2014, over 10,000 apartments have been added to the Austin market, causing the occupancy rate to drop to 94%. With this drop, some experts believe that rental rates will remain the same, but some continue to believe that rates can rise as much as 4.5%. You may be thinking that 94% is a pretty good number, only 6% of Austin apartments are vacant, but this has been the lowest occupancy rate in many years. The real estate consulting firm Marcus and Millichap anticipate rent rates to average around $1,142/month as an increase.

Source

Check out this article written by Austin Business Journal that contains different statistics for this years market: Here


Jan 28
Austin Texas Lake Front

Austin Ranks as a Fast Growing City

Austin Texas Lake Front

In fact, according to Forbes magazine, Austin has been the number one growing city in the United States for the last four years. Over the last year, Austin has grown a total of 2.52% but ranked #2 as the fastest growing city this year. Who made #1? You guessed it, Houston.

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