Austin Real Estate Market: Balcones Woods Neighborhood
Posted by Dan Burstain on
Did you hear that BOOM? No, that wasn’t a transformer blowing. That was Balcones Woods crashing through another price barrier. We are into the $200/sqft arena now and, in my opinion, any house in our neighborhood could sell for over $300,000, many closer to $400,000 and above. The Austin real estate market is booming all over and with our neighborhood's great schools, access to 183 and MoPac, proximity to the Domain and lots of new employers like Apple, we are smack dab in the middle of a high demand area.
So why all the craziness in the housing market?
It really is quite simple. Demand is significantly exceeding supply. For the past decade, the Austin Chamber of Commerce has been actively recruiting businesses to move to Austin, focusing…
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How do you know if you can afford to buy a house if you are renting or living in an apartment?
Stay connected with the latest Austin real estate news. See what's happening in Austin and stay ahead of the game in this increasingly competitive market. Courtesy of JBGoodwin REALTORS®
It all started with the Mueller Airport redevelopment. East Austin was, for so long, seen as a no-go zone for redevelopment. People didn't believe that, in the middle of the city's poorest district, it would be possible to build a brand new neighborhood, where people actually wanted to live and work. But 10 years on Mueller is a triumph. The site, just 3 miles from downtown, successfully brings together the different components of the city—working, living and playing—into one community. The project is now beginning the third phase of the Town Center, which will include shopping and dining options and, rumor has it, movie theater. Construction is also expected to begin on several hundred more homes.
One of my favorite builders in my favorite new community just sent me an email that they are starting construction on another house due to be ready this October. Highland Homes in Santa Rita Ranch have just announced plans to build a beautiful 1-story 3 bedroom 2 bathroom house as their next spec home.
The Austin Board of REALTORS® was presented an award recognizing its contribution to the 2000 Coats for Kids effort. Supplying 224 coats, ABoR was among the top three organizations to bring coats to the needy in the Austin community this winter season.
