Austin Texas Real Estate and Austin Realtors
If you're deciding whether it's the right time to buy, sell or lease Austin real estate, it's important to know the facts-facts about the local market and facts about your personal situation.
Statistics show that owning Austin real estate is a great way to build long-term wealth. The average home purchased in the Austin area five years ago has increased in value by 12% Currently the median price of an Austin home is around $190,000 and interest rates are at near record lows.
Additonally, more people are moving to Austin every day. In fact, economists predict the Austin area will grow to over3 million people by the year 2030
So what does this mean for you? Talk with REALTOR® to about this information and the other insights he or she can offer about your Austin home, neighborhood and real estate market. Members of the Austin Board of REALTORS® can assess home values, negotiate pricing and help navigate financing options. It pays to let a REALTOR® work for you.
Austin is widely recognized as a city of opportunity that is both exciting and affordable. Kiplinger’s Personal Finance ranks Austin sixth on the list of “Best Cities to Live, Work and Play. In 2008, Forbes.com ranked Austin as the number two city in America to buy a home and the number three city to find a job. Explore the links below to learn more about what Austin has to offer you. For more detailed information on the Austin area, visit the Austin Chamber of Commerce Web site or browse the Austin Newcomer’s Guide.
Austin Entertainment
Austin consistently ranks high on lists of best places to live, work and play. You name it, Austin has it. Whether you like the outdoors, theater or music, you can always find something fun to do in Austin.
Film, Theatre and Music:
Austin Tx News
Keep up with the recognition this city receives as well as the important issues and recent developments within Central Texas. There’s always something new to learn about Austin.
The Live Music Capital of the World - Austin, Texas. You can always find something playing. And live music is just the beginning. Check out all the places to catch a show, find out what really makes Austin weird in the big city meets laid-back college town
History
The Texas capital began in the mid 1800s. The 1850s saw the first building boom with the construction of the first permanent, limestone Capitol building (1853), as well as the Governor’s Mansion (1856). A second building boom occurred in the 1870s with the arrival of the railroad in 1871. After a fire destroyed the limestone Capitol, the current granite Capitol was built and, after seven years, opened in 1888. At 302 feet high, it stands 14 ½ feet taller than the Capitol building in Washington, D.C. and is the largest of the nation’s statehouses. The late 1880s also served as another boom period in Austin.
The area’s settler population, originally comprised of immigrants from Germany, Sweden and Mexico, quickly grew. The spectacular Driskill Hotel opened, which remains one of the city's most distinctive landmarks. And Austin Texas became a college town with the founding of the University of Texas at Austin..Austin’s population historically doubles every 20 years.
And much of the city's most recent growth is a result of a technology boom. For the past two decades, Austin has made history as a leader in both technology and creativity. From the launch of Dell, a Fortune 500 company, to the growth of Austin as a music and film center, Austin is on the move. And gaining attention worldwide as a hub for education, business, health, green living and as a welcoming community.
City of Austin
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May 2011 – According to a report released today by the Multiple Listing Service (MLS) Austin Board of REALTORS®, 1,690 single-family homes were sold in the Austin area in April 2011, 16 % fewer than the same month of the prior year when the federal homebuyer tax credit expired. At the same time, the median price for Austin area homes was $196,400, three%more than April 2010.
Judith Bundschuh, Chairman of the Austin Board of REALTORS®, commented on the report, “As has been the case for all of this year, comparisons of year-over-year sales volume are skewed due to last year’s homebuyer tax credits. That’s particularly true for this month, since the most expansive tax credit expired on April 30, 2010, creating a surge in demand that month.”
In April 2011, homes spent an average of 88 days on the market, 28 percent longer than April 2010, but the shortest “days on market” figure in the Austin area since September 2010.
Additionally in April 2011, new listings were down 25 percent, active listings were down 10 percent and pending sales were down 27 percent compared to April 2010.
The volume of leasing activity in the Austin area tapered off in April 2011 with 1,117 properties leased, three percent fewer than April 2010, while the median price for lease property was $1,250, six percent more than April 2010.
April 2011 Statistics
•$458,676,140 — Total dollar volume of single-family properties sold, four percent less than April 2010.
•$196,400 — Median price for single-family homes, three percent more than April 2010.
•1,690 — Single-family homes sold, 16 percent less than April 2010.
•88 — Days on market, 28 percent longer than April 2010.
•3,330 — New single-family home listings on the market, 25 percent less than April 2010.
•9,679 — Active single-family home listings on the market, 10 percent less than April 2010.
•2,054 — Pending sales for single-family homes, 27 percent less than April 2010.
Austin top lists:
#1 (78701) on the list of "Top 101 zip codes with the most alcohol drinking places in 2005"
#8 (78701) on the list of "Top 101 zip codes with the most offices of lawyers in 2005"
#16 (78705) on the list of "Top 101 zip codes with the most offices of physicians in 2005"
#17 on the list of "Top 100 biggest cities"
#18 on the list of "Top 100 cities with the largest percentage of males (pop. 50,000+)"
#71 on the list of "Top 100 cities with highest percentage of college students (pop. 50,000+)"
#82 on the list of "Top 100 cities with highest percentage of renters (pop. 50,000+)"
#85 on the list of "Top 100 cities with youngest residents (pop. 50,000+)"
Neighborhoods in Austin:
2nd Street Disrict neighborhood
6th Street Disrict
6th Street District
Allandale
Alamo Park
Arts District
Auditorium Shores
Barrington Oaks
Battle Bend Springs
Blackland
Barton Hills
Barton Springs
Rogers-Washington-Holy Cross)
Bouldin Creek
Bryker Woods
Bratton neighborhood
Bratton Lane
Brentwood
Brush Park
Cat Mountain
Cherry Creek
Cherrywood
Chestnut
Circle C Ranch
Clarksville
Clarksville Park
Congress Ave District
Coronado Hills
Crestview
Comal Park
Copperfield
Corners Brushy Creek
Dawson
Downtown
Duncan Park
East Cesar Chavez
East Congress
East End
Fireside Loop
Franklin Park
Georgian Acres
Gracy Woods
Garrison Park
Gateway
Great Hills
Hancock
Harris Branch
Heritage
Heritage Hills
Highland
Holly
Hutson-Tillotson University
Hyde Park
Johnston Terrace
Kealing Park
Lamplight Village
Limestone Ridgeapts
Market District
Mckinney
Meadows of Brushy Creek
Montopolis
Mt Calvary Cemetery neighborhood
Milwood
Mlk
North Austin
Burnet
North Lamar
Shoal Creek neighborhood
North University
Northwest Austin (NW Austin)
Northwest Hills (NW Hills)
Oak Brook
Oak Park
Oak Springs
Old Enfield
Old West Austin
Oltorf-East Riverside
Oriens Park
Palm Park
Pan Am Park
Parker Lane
Pecan Springs-springdale
Pleasant Valley
Red River District neighborhood
Republic Square Park
Riverside
Rollingwood
Rosedale
Rosewood
Round Rock Gateway
Shady Hollow
Shoal Crest
South Austin (Austin del Sur)
South Congress
South Lamar
South Manchaca
South River City neighborhood
Southeast neighborhood
Southeast Austin (SE Austin)
Spyglass-
Bartons Bluff
(Bartons Bluff-Spyglass)
St. Edwards
St. Johns
Sweetbriar
Tarrytown (Tarrytown-Exposition Boulevard)
The Drag neighborhood
Town Lake
Town Lake Park
Town Lake
Triangle State
UT neighborhood
University Hills
University of Texas
University of Texas at Austin
(UT)
Upper Boggy Creek
Villages of Brushy Creek
Warehouse District
Waterloo Park
Wells Branch
West End
West University
West Austin Park
West Congress
Westgate
Wilshire Wood
Delwood)
Windsor Hills
Windsor Park
Windsor Road
Wooten
Zilker
Zilker Metropolitan Park
Zip codes: 73301, 73344, 78701, 78702, 78703, 78704, 78705, 78708, 78709, 78710, 78711, 78712, 78713, 78714, 78715, 78716, 78717, 78718, 78719, 78720, 78721, 78722, 78723, 78724, 78725, 78726, 78727, 78728, 78729, 78730, 78731, 78732, 78733, 78734, 78735, 78736, 78737, 78738, 78739, 78741, 78742, 78744, 78745, 78746, 78747, 78748, 78749, 78750, 78751, 78752, 78753, 78754, 78755, 78756, 78757, 78758, 78759, 78760, 78761, 78762, 78763, 78764, 78765, 78766, 78767, 78768, 78769, 78771, 78772, 78773, 78774, 78778, 78779, 78780, 78781, 78782, 78783, 78785, 78786, 78787, 78788, 78789.
Estimated median household income in 2009: $50,132 (it was $42,689 in 2000)
Austin:
$50,132
Texas:
$48,259
Estimated per capita income in 2009: $29,233
Austin city income, earnings, and wages data
Estimated median house or condo value in 2009: $214,300 (it was $120,800 in 2000)
Austin:
$214,300
Texas:
$125,800
Mean prices in 2009: All housing units: $251,104; Detached houses: $262,343; Townhouses or other attached units: $217,951; In 2-unit structures: $231,995; In 3-to-4-unit structures: $161,215; In 5-or-more-unit structures: $166,699; Mobile homes: $37,953; Occupied boats, RVs, vans, etc.: $26,829
Median gross rent in 2009: $883.
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Hospitals/medical centers in Austin:
AUSTIN STATE HOSPITAL (4110 GUADALUPE)
BRACKENRIDGE HOSPITAL (601 E 15TH ST)
HEART HOSPITAL OF AUSTIN (3801 N LAMAR BLVD)
HEALTHSOUTH REHAB HOSP OF AUSTIN (1215 RED RIVER)
HEALTHSOUTH SURGERY HOSPITAL OF AUSTIN (6818 AUSTIN CTR BLVD SUITE 100)
NORTH AUSTIN MEDICAL CENTER (12221 MOPAC EXPRESSWAY NORTH)
ST DAVIDS PAVILLION (919 EAST 32ND STREET)
ST DAVIDS HOSPITAL (919 E 32ND ST)
ST DAVIDS REHABILITATION CENTER (1005 E 32ND ST)
SETON MEDICAL CENTER (1201 W 38TH ST)
SETON SHOAL CREEK (3501 MILLS AVE)
SOUTH AUSTIN HOSPITAL (901 WEST BEN WHITE BLVD)
SPECIALTY HOSP OF AUSTIN,THE (4207 BURNET RD)
SUMMIT INSTITUTE OF AUSTIN INC (8402 CROSS PARK DR)
TEXAS NEURO REHABILITATION CENTER (1106 W DITTMAR)
Austin compared to Texas state average:
Median house value above state average.
Unemployed percentage below state average.
Black race population percentage above state average.
Hispanic race population percentage significantly above state average.
Median age significantly below state average.
Foreign-born population percentage significantly above state average.
Renting percentage above state average.
Length of stay since moving in significantly below state average.
Number of rooms per house below state average.
House age significantly below state average.
Percentage of population with a bachelor's degree or higher above state average.
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