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Austin Top in Nation for Real Estate Investment and Development

Austin is the top real estate market in the nation to watch for real estate investment and development, according to the Urban Land Institute’s 2016 edition of Emerging Trends in Real Estate. Austin, which has been a top 10 fixture for the past few years,  switched places with Dallas, which had been the top market in 2015. Houston topped the list in 2014. The Austin market “has benefited from a …

The overlooks construction

New Home Start Crunch in Texas

New home starts in Texas took a dive in August 2016, down 21.6 percent seasonally when adjusted for year-over-year comparison, despite being up over the year and over the month. This is despite high demand throughout most of the state, according to the Real Estate Center at Texas A&M University’s latest Texas Housing Insight report. Center Research Economist Dr. Luis Torres said the slowdown is being caused by a shortage …

500 monroe 010

Which Home Remodeling Projects Are Most Profitable?

Home remodeling projects that increased a home’s sustainability or increased a home’s functionality were the most profitable in 2015, according to the Texas Remodel Valuation Report by the Texas Association of REALTORS®. Fiberglass attic insulation proved the most profitable home project, with a recoup of up to 163.4 percent of project costs. Steel entry door replacements, which often rank as a profitable home improvement project, recouped up to 163.1 percent of …

Texas hill country land

Hill Country Sees High Small Land Sales

Small land sales were the strongest segment of the 2015 Texas real estate market, according to the Texas Small Land Sales Report by the Texas Association of REALTORS®. Small land sales, such as those intended for luxury homes in the Hill Country, surged 18.91 percent compared to 2014, to 6,281 small land tracts sold. The Austin-Waco-Hill Country area recorded the highest number of small land sales, with an increase of …

Roughhollow canyonside house 3

Peninsula at Rough Hollow Names New Homebuilders

The Peninsula at Rough Hollow, the final southside lakefront community in the Rough Hollow development in Lakeway, named Arbogast Custom Homes, Jenkins Custom Homes, Lake Travis Builders, Laurel Haven Homes, and Triton Custom Homes as preferred builders for its 81 homesites, according to the Austin Business Journal. The $60-million luxury community is on Lake Travis and offers home sites starting around $300k and ranging up to more than $1.5 million. …

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Are Austin Home Prices Rising Too Quickly?

With the rapid appreciation of home prices in Austin, Texas, some may be asking: Is it too much, too quickly? The Real Estate Center at Texas A&M University says no. A study of home values showed “neither the state of Texas nor any of its 25 MSAs (metropolitan statistical areas) currently are experiencing episodes of explosive behavior in house prices.” The reason for this? Home value appreciation in Texas has …

Texas hill country land

Affluent Buyers Seek Lifestyles of the Land Rich in the Texas Hill Country

The Texas Hill Country has long been an area prized for its beautiful hills, its rolling waterways, and its rustic, rocky beauty, but according to the Wall Street Journal, it’s also now a refuge for affluent buyers looking to cash in on their own piece of Texas paradise. The trend has emerged as more people are buying 100-plus acres and then remodeling or building a luxury home on the property. …

Upscale Moviehouse & Eatery Theater Slated for Southwest Austin

The upscale movie theater chain Moviehouse & Eatery announced plans for a new mixed-use $80 million development complex in Southwest Austin. Construction on the 325,000 square foot development will begin this year at the southwest corner of William Cannon Drive and Southwest Parkway, making it an ideal destination for those in the Barton Creek and Lost Creek neighborhoods, as well as Travis Country, The Ridge at Lantana, and the Oak Hill …

Austin hills luxury homes

Highest-End Luxury Home Prices Fell in First Quarter 2016

The priciest five percent of United States homes sold in the first quarter of 2016 experienced a drop in sales prices, falling 1.1 percent compared to this time last year, according to Redfin. This was despite the remaining 95 percent of homes maintaining positive momentum and increasing 4.7 percent compared to this time last year. Austin, Texas had the second largest drop among the highest-end luxury homes at 11.8 percent. …

The Shops at the Galleria Sold

The Shops at the Galleria, a popular shopping center for those who live in West Lake Hills, Bee Cave, Lakeway, and Barton Creek, has a new owner. At 12780 Shops Parkway, directly across from the Hill Country Galleria near Highway 71 and Bee Caves Road, the Shops is 100% occupied and includes such favorite retailers as Lowe’s Home Improvement, Home Goods, Best Buy, Michael’s, ULTA, Marshalls, Old Navy, PetSmart, Office …