January 2016

There are 11 blog entries for January 2016.

Date: March 12-16, 2016

It’s high time you booked your tickets for Rodeo Austin! With the full lineup released, this year’s musical entertainment is sure to get your toes tappin’—and who knows how long seats will last.

Alongside a stacked musical lineup and the classic rodeo, Rodeo Austin will host their annual fair, stock show, and other events from March 12-26. Come out early to catch the qualifying rounds, getting a glimpse at the top barrel racers and bronc riders in the nation. Playoffs highlight only the best, and take place from March 22-25.

Each night, concert go-ers will be broken in with a show from the ProRodeo, followed by their act of choice. First to grace the stage will be country music legend Willie Nelson & Family, on March 12.

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first time home buying adviceIt's no secret that the real estate market is skyrocketing. Austinites are looking at a market that’s growing across the board. From the median house price to the inventory, the increases have been staggering year after year. Our city has become a permanent home to many new residents, and for those who want to put down roots, this can mean buying their very first home with a few more challenges than normal.

On top of learning about the real estate investment process and making the biggest purchase of their lives, first-time buyers now need to be savvy enough to compete in one of the nation’s hottest markets. How do you buy a home for the first time in a market that’s constantly growing in price? Read up, get a helping hand, and stick to your guns.

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Looking for the perfect new home in Austin, TX? Here are 5 great reasons to consider David Weekley Homes as your builder of choice!
 

5. Large, Flexible Living Spaces

From start to finish, David Weekley homes have been built with great design in mind. Known as LifeDesignSM, each home's form and function preparation carefully considers room placement, Traffic Patterns, Windows & Lighting and Sight Lines.

David Weekley Homes has also developed a solution for the constant changes we experience in life: rooms that change to! These extra rooms, called FlexSpacesSM, are built to be versatile and adaptable, so you can easily transform your space as your life also evolves.

4. Warranty Program

One of the best things about buying a new home from David

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austin real estate market growth2015 marks a record year for the Austin real estate market, according the latest reports released from the Austin Board of Realtors. The year-end report confirmed what industry professionals were experiencing day to day: an increase in demand and a climbing market that’s a direct result of a robust economy.

Numbers on the Rise

Totaling in at 5 consecutive record breaking years, the Austin market saw 29,068 single family residences sold. Over all, the market has been growing at an astonishing rate. December was a particularly remarkable month, given that it’s typically a slower time of the year, with the total numbers inching up to 2,390 homes sold—a five percent increase from 2014.

More homes sold at higher prices than ever last year, and experts

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Austin Real Estate Market in 2016It was an exciting year to be a part of Austin's flourishing real estate market. In one year, there were increases in the median price, housing inventory, and the total number of units sold over the previous year. These impressive trends show no sign of slowing down as we kick-off 2016.

A growing demand for homes means that Austinites are now paying some of the highest prices in the state on average to buy and rent in the area, but that hasn’t seemed to hinder the market here whatsoever. The median value of a home in Austin right now is $241,200 and rents are averaging around $1,683 per month for a single-family home. Now more than ever, it could be better to buy a home instead of renting in this robust and exciting real estate market. 

What’s Driving

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Highland Homes often comes to mind when our clients are on the hunt for a high-quality distinguished home in the Austin area. For that reason and more, we’re pleased to highlight this local company as our featured builder of the week! Why choose Highland Homes? Read on to find out.

Local Roots

A homegrown Texas firm that started with a brother-sister duo, Highland Homes has maintained that same familial bond throughout its 30 year history, making it not only a quality-driven firm, but also one of the best employers in the state. They ranked #6 by Texas Monthly’s 50 Best Companies to Work for in Texas, and that’s just one award among many.

Measured Success

Time and time again, the numbers back up Highland Home’s commitment to excellence. They

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It’s no wonder this area is a real estate hot spot. Time and time again we receive requests for homes for sale in the Eanes ISD, and recent rankings back up the popularity of this renowned school district. Out of more than 10,000 districts across the nation, Eanes Independent School District ranked an impressive second place.

The Rankings

Eanes ISD took home top accolades in heavy hitter categories, with an A+ for academics, teachers, and educational outcomes. The 11 schools in the district also made waves in the areas of Sports & Fitness and Health & Safety. Student reviews that helped boost the district’s ranking include notes on a strong academic foundation, engaging teachers, and a well-rounded sports program.

Niche, the platform behind the

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new apartments in austinAs we enter a brand new year, it comes as little surprise that Austin area rents are expected to continue to rise throughout 2016.

The rental prices of apartments in particular are expected to increase, where demand continues to outweigh supply.

Recent market reports by Capitol Market Research indicate that apartments of all sizes have an average rental cost of $1,190 per month, which is the highest figure our region has ever seen. This is an increase of 7.5% when compared to 2014's rental average of $1,107.

A total of 9,554 units were built in the Austin area last year, while 9,346 new apartments were leased. Having such a small gap between new units and new leases indicates a healthy market, with very strong interest and competition.

What

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