Once again, Austin made hot Real Estate market headlines. Business Week published an article on September 6 citing where homes are selling the fastest. Austin ranks 2nd place on the list behind Sunnyvale, CA. The rankings were based on sold information narrowed down to zip codes and average days on the market with the highest rankings having the fewest days on the market. According to the survey done on August 22, the 78749 Austin zip code showed an average of 68 days on the market. Sunnyvale, CA. averaged 69 days.
This just goes to show that even in a slower national economy, Austin is on top of the market. With the quality of life, job opportunities and growing population, I believe that Austin will continue the trend of a strong Real Estate market and homes prices will gradually climb.
Austin, Texas: Population: 1,506,425
Population Growth Since 2000: 17%
Percentage of Workforce in Creative Class: 36.5%
Cost-of-Living Index: 92.8 (100 being national average)
Median Household Income: $69,600
Average Sale Price of Home: $189,500
Median Price of Home:$244,500
Income Growth Since 2000: 12.2%
Business Week News Article on Austin
If your relocating to Austin or a surrounding community or already here and would like Real Estate or local information , I welcome your call or email.
Karen Staha, CRS,GRI,ABR, REALTOR - Gaston & Sheehan Realty
(512 217-2435 email: kmstaha@aol.com web: www.karenstaha.com
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