Wednesday, March 30, 2011
Friday, March 25, 2011
BUILDERS REV UP CENTRAL TEXAS PROJECTS
AUSTIN (Austin American-Statesman) – MileStone Community Builders is banking on the housing sector recovering from the recession after announcing multiple housing developments in Central Texas. And they're not alone.
The newly founded home builder expects to begin work on several projects this year, including a subdivision along East Riverside Dr. in southeast Austin. The $13.5 million community at Riverside and Faro Dr. will have 89 homes, with prices averaging around $175,000. Construction is slated to begin in October.
Four other communities are in the works from Milestone:
Sixty to 70 homes in the Round Rock 620/ Round Rock 2222 area near Lake Travis, averaging $300,000 in price.
Two projects in the South Manchaca/Slaughter Ln. area in south Austin, one with 80 to 100 homes priced from $150,000 to $200,000 and the other with 80 homes priced from the $140,000s to the $180,000s.
A 115-home luxury community at Parmer Ln. and Brushy Creek in the Cedar Park area, with prices starting from about $280,000 to more than $400,000.
Avalonpark Texas also began its own development, dubbed the Springs of Walnut Creek, near I-35 and Yager Ln. in the northern part of the city. Road and utility efforts for the 53 home sites, which are expected to be ready later this year, have been launched while an additional 56 sites will be made ready by mid-2012. The community will fall in the Pflugerville school district. Homes will range from the low to high $200,000s.
Standard Pacific Homes is nearing the completion of its 111-acre Avaña, with its model home expected to be open in the next two to three months.
The newly founded home builder expects to begin work on several projects this year, including a subdivision along East Riverside Dr. in southeast Austin. The $13.5 million community at Riverside and Faro Dr. will have 89 homes, with prices averaging around $175,000. Construction is slated to begin in October.
Four other communities are in the works from Milestone:
Sixty to 70 homes in the Round Rock 620/ Round Rock 2222 area near Lake Travis, averaging $300,000 in price.
Two projects in the South Manchaca/Slaughter Ln. area in south Austin, one with 80 to 100 homes priced from $150,000 to $200,000 and the other with 80 homes priced from the $140,000s to the $180,000s.
A 115-home luxury community at Parmer Ln. and Brushy Creek in the Cedar Park area, with prices starting from about $280,000 to more than $400,000.
Avalonpark Texas also began its own development, dubbed the Springs of Walnut Creek, near I-35 and Yager Ln. in the northern part of the city. Road and utility efforts for the 53 home sites, which are expected to be ready later this year, have been launched while an additional 56 sites will be made ready by mid-2012. The community will fall in the Pflugerville school district. Homes will range from the low to high $200,000s.
Standard Pacific Homes is nearing the completion of its 111-acre Avaña, with its model home expected to be open in the next two to three months.
Wednesday, March 16, 2011
Texas metros ranked as healthiest markets for 2011
Builder Magazine ranked six Texas metros in top spots on their 2011 Builder Healthy Markets Index, which evaluates markets on economic metrics such as home prices, employment, and income. Texas claimed more spots than any other state in the top 20 healthiest markets. The study ranked Austin-Round Rock, Houston-Sugarland-Baytown, San Antonio, Dallas-Fort Worth-Arlington, and El Paso at two, seven, 10, 12 and 15, respectively. Read each market’s description at Builder Magazine.
Wednesday, March 9, 2011
Austin Real Estate Report
Austin area home sales volume up 14 percent in January compared to 2010
Austin Board of REALTORS® releases January 2011 real estate statistics
AUSTIN, Texas – February 21, 2011 - Sales of single-family Austin homes were 14 percent higher in January 2011 than January 2010 with 975 homes sold, according to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®.
In the same time period, the median price in Austin was $190,000, up six percent from January 2010; and Austin homes spent an average of 93 days on the market, 11 percent longer than January 2010. In addition, new listings were down 14 percent in January 2011 compared to January 2010 and active listings were down five percent, indicating a decreasing inventory of homes.
"The latest figures show that we are seeing the economic recovery continue in Austin," said Judith Bundschuh, Chairman of the Austin Board of REALTORS®.
Chairman Bundschuh continued, "Looking at these results, sellers should be encouraged that demand and prices are strong, but they should expect to be patient to achieve full value. Buyers should know that fewer listings combined with increased demand could mean they will encounter more competition for properties."
January 2011 Statistics
$245,504,025 – Total dollar volume of single–family properties sold, 16 percent more than January 2010.
$190,000 – Median price for single–family homes, six percent more than January 2010.
975 – Single–family homes sold, 14 percent more than January 2010.
93 – Days on market, 11 percent longer than January 2010.
2,403 – New single–family home listings on the market, 14 percent less than January 2010.
8,144 – Active single–family home listings on the market, five percent less than January 2010.
1,410 – Pending sales for single–family homes, unchanged from January 2010.
In the same time period, the median price in Austin was $190,000, up six percent from January 2010; and Austin homes spent an average of 93 days on the market, 11 percent longer than January 2010. In addition, new listings were down 14 percent in January 2011 compared to January 2010 and active listings were down five percent, indicating a decreasing inventory of homes.
"The latest figures show that we are seeing the economic recovery continue in Austin," said Judith Bundschuh, Chairman of the Austin Board of REALTORS®.
Chairman Bundschuh continued, "Looking at these results, sellers should be encouraged that demand and prices are strong, but they should expect to be patient to achieve full value. Buyers should know that fewer listings combined with increased demand could mean they will encounter more competition for properties."
January 2011 Statistics
$245,504,025 – Total dollar volume of single–family properties sold, 16 percent more than January 2010.
$190,000 – Median price for single–family homes, six percent more than January 2010.
975 – Single–family homes sold, 14 percent more than January 2010.
93 – Days on market, 11 percent longer than January 2010.
2,403 – New single–family home listings on the market, 14 percent less than January 2010.
8,144 – Active single–family home listings on the market, five percent less than January 2010.
1,410 – Pending sales for single–family homes, unchanged from January 2010.
Wednesday, March 2, 2011
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