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Austin Real Estate

By
Real Estate Agent with Sky Realty

The Austin Real Estate market is going great! I have been seeing some real increases in value in the last year.  Some of the areas have been increasing as much as 16% based on the homes I looked at. These homes were in the 200-300K price range.  They were 3 and 4 bedroom homes with 2 car garages and stone or brick exterior.  These homes were in popular neighborhoods near shopping and entertainment.

Austin still has some very affordable areas.  Many of the areas around Austin still have homes in the low 100'S.  These homes tend to be built in the late 80's and early 90's and are located in subdivisions were the lots can be as large as a 1/4 acre.  Investors like these homes since they are priced low enough to have a positive cash flow with the strong rental demand. 

Rental demand is starting to increase as we near the fall school.  Students from the University of Texas are scrambling to find the best places to live for the next school year.  Parents are always concerned with the safe areas and close proximity to the university.  These properties go fast and for top dollar.  Even the ones that need some TLC can bring over $1000 if they are near campus.

 

Eric Olson
Sky Realty - Austin, TX
Great Blog!
Jul 08, 2007 08:55 AM
Cristy Smith
mmm - Austin, TX

Very intersting...Glad to hear the Austin Market is doing so great!

 

Jul 23, 2007 09:42 AM