Austin Sees Groundbreaking Sales For July 2015
Posted by Mary Ann Castro on
Austin's flourishing real estate market has done it again, and JB Goodwin REALTORS® have witnessed the breakthrough first-hand. After a record-breaking month of July, Austin has proven that its current status as one of the nation's most scorching markets is not going to change anytime soon. Though Austin's hot market has been a topic of discussion nation-wide for the past year or so, the city has long endured a marked imbalance as a result of its popularity as a real estate hub: trailing supply. While residential development in Austin has been high, it has been no match for the soaring levels of demand. However, Austin Board of REALTORS® president Barb Cooper has indicated that an increase in market equilibrium could be coming, stating that "home prices…
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As a native San Antonian born and raised here, it’s still hard for me to get my mind around we are now the 7th largest city in the country.
The Texas Association of Realtors has just published their annual report on the Condominium sales statistics in the state of Texas, and the results are interesting for Austin. While other areas in the state experienced modest gains (3% gain in Dallas, 6% gain in San Antonio) or losses 1% loss in Houston) in terms of overall sales, Austin Condo Sales dropped by 12% when compared to the same time period last year. 
Austin has always been a creative hub and in recent years it has also evolved into one of the country's biggest centers of business. The combination of these two complimentary elements has led to an abundance of proposed large-scale projects that fit in with Austin's growth as a global, cosmopolitan focal point. Many of these are residential or office buildings, meant to introduce cutting-edge new design trends to the Austin skyline; some focus more on drawing in tourist attention; others, on creating positive business environments. No matter the purpose, these projects are often highly ambitious concepts that push the boundaries of traditional design and, if implemented, would give Austin a boost as an architectural trendsetter. Here are 3 proposed…
We are pleased to share the news that JBGoodwin REALTORS® was ranked the #2 best large company to work for, in the Austin Business Journal's 2015 Best Places to Work in Central Texas!