May brings an active real estate market in Austin with some neighborhoods moving into territory that is starting to look like a “Seller Market”. Inventories in Austin are about 23% below what they were a year ago and demand is quite high, so it may be a great time to sell a home in the greater Austin area. If you are thinking of buying, super low interest rates make purchasing very attractive. The lease market in Austin is very tight and lease rates have been steadily increasing, making buying a home, condo or townhome more attractive than leasing in many instances. It may be a great time to invest in rental property.
Stacey is working with a client in the Central Austin area and her client will send her 9 properties and a couple of days later when they go to look, 6 are already under contract! We put a home on the market in the Milwood (N Austin) area a few days ago and we already have at least 3 offers to choose from. It's heating up!
FREE Search Of All Austin Area Property Listings For Sale,www.AustinAreaHomeBuyer.com
FREE Market Analysis Of Your Austin Area Home, www.AustinAreaHomeSeller.com
Schools will be out and summer will be here before you know it! Be Safe and enjoy our beautiful Central Texas Hill Country Spring weather! The Austin area has a lot to offer and plenty of things to do.
Continuing on a positive note, Karen Guillot has joined the team of Paragon Property Group. Karen, originally from Eagle Pass, Texas, has lived in Central Texas since 1994 and specifically Burnet since 1997. We are so excited to have her join us and continue to provide excellent service to our communities. Welcome Karen!
Sue, Brooke, Stacey, & Karen
Lakeway/Lake Travis & Greater Austin Area News, Information & Events
- April 16th marked the opening of the Lakeway Regional Medical Center, a full-service hospital with an Emergency Room and 106 beds.
- Representatives of Apple discussed with City of Austin staff the details of an economic development proposal in which Apple would locate a new operating center in Northwest Austin, resulting in the addition of 3,635 new jobs in the area.
- · Whole Foods is set to open at the Hill Country Galleria on May 16th. Whole Foods Market also announced the opening dates for two new Austin area stores, one in Bee Cave at the Hill Country Galleria, opening May 16th, and another in southwest Austin at the Arbor Trails shopping center located at MoPac and William Cannon, opening on June 19th. Both Whole Foods Market stores will be about 35,000 square feet in size and will each employ 150 to 200 Team Members.
- Two Saints Bakery opened in the former Bountiful Café location in the Shops at the Galleria.
- How Do You Roll? Is set to open in the Plaza Volente shopping center in mid-May and features quick, affordable sushi.
- Austin's economic forecast for this year and next year is a positive one with 45,000 new jobs projected in 2012 and 2013, according to economist Angelos Angelou.
- The Austin City Council unanimously passed a bag ban ordinance March 1st on both paper and plastic bags beginning in March 2013.
- The plans for a development that would bring more than 350 new condos and single-family dwellings to Bee Cave were submitted mid-March to city leaders for approval. Plans for the Morningside development include 316 condos and 62 single-family dwellings on 35.6 acres of land off RR 620 between the Falconhead subdivision and Home Depot.
- Cantex Continuing Care Network LLC plans to build Bel Air at Teravista on a 6.2-acre site in the Teravista master-planned community at the southeast corner of Teravista Club Drive and Woodhaven Path off University Boulevard. The facility will provide 104 suites with 112 beds overall. The project is expected to be completed by summer 2013.
- National homebuilder Taylor Morrison has purchased 472 acres of the high-profile Reunion Ranch subdivision in Dripping Springs. Reunion Ranch is approximately 16 miles southwest of downtown Austin and is zoned for 476 single-family homes with an average lot size of .34 acres.
- Shades Cafe, on Lake Travis at the Sail & Ski Yacht Club, has opened for the season.
- In what many regard as a surprise victory on March 27th the Bee Cave City council voted by a narrow majority to allow Kwik Kar to buy the old Desert Garden land and build a car service and lubrication facility.
- HomeGoods, the country’s only major off-price store dedicated to home fashions, opened a new store in Bee Cave on Sunday, April 1st. The 25,000 square-foot store is located at the Shops at the Galleria, State Highway 71 and Ranch Road 620. With the addition of this store, HomeGoods will have two stores in the Austin market.
- Highland Mall, which will house Austin Community College Classrooms and offices also has some new tenants including, The Nerdist Channel, a division of Jim Henson productions in Hollywood, Calif., which leased 7,540 square feet to film an Internet television show; Body Fitness Gym and Health opened its 2,352-square-foot location in March; and Turn N2 Ice Cream, an ice cream shop that serves up made-to-order scoops using a liquid nitrogen process, opened in the Highland Mall Food Court in January.
- The following tenants will open shop soon: The owners of El Palacio de la Quinceanera, a formalwear dress shop, will open the 8,088-square-foot Highland Ballroom reception hall in May; Hair 4 Daze, a hair extension and wig retailer, has leased 1,610 square feet and will open mid-April; and Tella Shoe Store, also opening in mid-April.
- Silverado Senior Living has broken ground on a $12M Memory Care Unit in the Onion Creek area. The facility will offer care for up to 90 residents.
- The Corner Bakery is opening its first Austin area location at 9761 Great Hills Trails and will be open for Breakfast, Lunch and Dinner. The Dallas-based chain features Wi-Fi, bottomless coffee and made to order menu items.
- The Oasis now boasts 3 new vendors in its attempt to create a village of Austin-centric dining and shopping experiences. Lakeview Winery is a specialty wine shop and tasting room featuring Texas wines — including those produced at its winery — Texas olive oils, balsamic vinegars and wine accessories and gifts. Longhorn Balls is a specialty chocolate and candy shop. Its namesake is a pecan covered in dark, milk, or white chocolate, formed into a ball, and rolled in a variety of toppings. Crawshay Gallery, which features fine art photography, opening in May. Large format photographer Phil Crawshay photographs iconic Texas images in addition to images from the U.K. and Mexico.