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. …

Falconhead7

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 …

Saks Off 5th Opens in North Austin

A new Saks Fifth Avenue Off 5th store has opened, at the Gateway Shopping Center off Research Boulevard in north Austin. The only other Central Texas location for the discount luxury retailer is in San Marcos at the San Marcos Premium Outlets. The 50,000 square foot store will carry designer clothing for men, women, and children, plus home goods, at discounted prices compared to the original Saks Fifth Avenue stores. …

New, Roomier Daily Austin-London Flight at ABIA

Starting this month, Austin, Texas is the first city in North America to launch a daily flight between Austin and London Heathrow using British Airways’ 787-9 Dreamliner aircraft. While daily flights between the two cities have been the norm since March 2014, this new jet is a roomier, stretch version of the previously used 787-8 Dreamliner. According to a City of Austin press release, British Airways has been promoting the …