Thursday, June 7, 2012

Austin Home Prices Rise 6.5%

Did you know that approximately 151 people are moving into the Austin/Round
Rock area every day? I just picked up this tidbit of information recently as
I read about a new development moving forward in South Austin
.

Our little city is popular. Just recently Forbes published an article claiming Austin as the BEST BIG
city
for jobs. Funny, I have never thought of Austin as a big city, but if
Forbes says we are, I guess we are. Forbes's methodology was based on recent
growth trends, mid-term growth, long-term growth and the region's momentum.
The Apple hit on Austin was pretty sweet but I don't think it was JUST the
abatement incentives our City Council offered that sealed the deal -- I
think the talent that is associated with the TECH world helped and the Tech
cultures LOVE of the Austin Attitude which is young, smart, casual, musical,
athletic and yes, WEIRD. By the way, two Austin start ups hit Entrepreneur
's Brilliant List.

What does this have to do with Real Estate here? A bunch. Home prices rose
6.5%
from the same
time last year. The median price for Austin-area homes is $212,000, or 9%
more than the same month of the prior year. And for the 12th straight month
in a row, home sales have increased. Many of our newbie citizens are having a hard time finding a place to live
as inventory is below the demand in many areas. Some newcomers want to rent
but the rental availability is low and the rates are increasing. Apartment
occupancies are at 98%. Calls come in every day from renters, once
comfortable in their leases -- which are looking to move because their
landlord is raising their rent. Tenants are forced to move out further and
settle for less home or amenities. Many of those renters are now choosing to
purchase. Watch for growing pains - we're sure to have some but Austin remains a great
place to live, work and play, not to mention one heck of an investment. I am
ready to go to work for you and am available by phone (512) 917-5260, text
or email. Wishing you all the best,

Anne

email large photo

Anne Edwards Johnson

Realtor

512-917-5260 CELL

RE/MAX AUSTIN SKYLINE

4611 Bee Caves Rd., Ste. 200

Austin, Texas 78746

512-328-5151 Ext. 511

512-328-0404 Fax

anne@hookemhomes.com

Hookemhomes facebook-icon
linkedin-icon
twitter-icon
youtube-icon rss-icon

This is a message from the MailScanner E-Mail Virus Protection Service
----------------------------------------------------------------------
The original e-mail attachment "winmail.dat"
was believed to be dangerous and/or infected by a virus and has been
replaced by this warning message.

Due to limitations placed on us by the Regulation of Investigatory Powers
Act 2000, we were unable to keep a copy of the infected attachment. Please
ask the sender of the message to disinfect their original version and send
you a clean copy.

At Thu Jun 7 16:58:42 2012 the scanner said:
Could not parse Outlook Rich Text attachment

Posted via email from annejohnson's posterous