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Austin, TX Real Estate News

By Sky Realty
(Sky Realty)
I am not sure if the labels are right. Everyone is talking about how bad things are. The Austin Real Estate Market is seeing some hard times in the way of sales. Think about what people are saying is bad news. Too many homes, come on look on the bright side that housing is not in short supply. some countries cannot house a fraction of the population. Rates are bad, come on it is all relative, rates have been to good for to long. Rates are fine right now. The job sector is not looking to bad either. I think it is time for us all to shift the focus on whats good and quit doing what the media does. That would be blow it all out of proportion. Listings may move a bit slower but, good inventory, great rates, strong job market. It all looks like good  real estate business to me.Curtis Reddehase
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By Sky Realty
(Sky Realty)
If you want a great link to learn all kinds of great stuff about Austin TX. If you have any questions about Asutin or Lakeway Texas our REALTORS could probably help.
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 Sky Realty is on the move when it come to Real Estate in Austin Texas. We are growing stronger everyday, and with our ever-increasing knowledge about technology our future is bright. If you are experienced and work in the Austin market, we want to talk to you. I will be glad to explain to you our vision and goals and show you how it actually includes our agents individual success. We don't just say we care about our agents, we mean it. For a confidential tour contact me through my site about Austin Real Estate and go to the contact me page.Regards Curtis
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By Sky Realty
(Sky Realty)
 We help buyers and sellers for the residentila market for Austin Texas Homes. We can help you relocate to the Austin and surriunding areas. We have a REALTOR that can help you with any market. If you would like to be gided to the best one that fits your needs, you can call me. I will make sure you connected with the best agent for you. Curtis Reddehase512-342-8734
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By Sky Realty
(Sky Realty)
I get compliments all the time about what a great job I am doing. I have a hard time saying thank you when the real performance in our office comes from the REALTOR base our office offers. When someone looks at our company they see talent that our office is fortunate to have. We have agents that specialize in different markets and price ranges. Some agents have a specialized area such as Julie who's primary focus is on Cedar Park Real Estate. Few agents in this town can say they know the Cedar Park and Leander area like she does. Robert knows the Lago Vista Real Estate Market, and lives there. He can help you buy a home on Lake Travis or in the lake areas, and introduce you to the community. Eric knows the South Austin Real Estate Market and lives in the community as well. Janie is a co...
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By Suzanne Gantner, GRI, E-Pro, SRES, SRS, ABR, CNE, REDS, CPS, WCS
(Realty Texas)
  Condo's everywhereI am surprised everytime I open the paper that there is one more new condo project in Austin, Texas.  It is unbelieveable to me that so many people would want to live in these skyrises.  They are priced from the high $100's to over $6,000,000. I want that one.  Are we shifting to condo living? I think I will stick to my home w/a yard and trees.
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Here are the active listings and the properties that sold during July for The Walnut Crossing located just off Mopac and Duval Rd.   This subdivision is ideally situated close to major businesses and the new Domain Shopping Center.    1.  Active listing   List PriceSquare Feet$/SFBedroomsFull BathsLiving AreasYear BuiltSales PriceLP:SP%CDOMMin$ 179,5001472$112.533211978$  24Avg$ 189,9681599$119.153211978$ 0 29Max$ 195,9001732$133.084211980$ 0 35  2.  Solds for July 2007  List PriceSquare Feet$/SFBedroomsFull BathsLiving AreasYear BuiltSales PriceLP:SP%CDOMMin$ 169,9001472$114.733211980$ 169,00099% 5Avg$ 181,6001496$120.873211980$ 180,83399% 19Max$ 189,9001544$128.064211980$ 188,500100% 42    This information is deemed accurate but not guaranteed.  It is the responsibility of the sell/bu...
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  These are the sold homes for the Milwood subdivision for the period 07/01/2007 through 07/31/2007.  This section of Milwood is located close to Parmer Lane & Mopac. Min$ 159,9001380$92.133211978$ 159,00096% 1Avg$ 191,1501764$108.553211982$ 190,15099% 20Max$ 230,0002388$126.364231984$ 235,000102% 61   The information is deemed accurate but it's accuracy is not guaranteed.  The seller/buyer is responsible for verifying the accuracy of this information.
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I specialize in helping the first time buyer and the move up buyer.  As a successful-driven real estate professional, I won't accept anything less than the best for my clients and customers. I am familiar with all parts of Austin and areas around it and I enjoy showing clients different neighborhoods and sharing my love and enthusiasm of the city with them.As an area native with extensive knowledge of local communities I have a unique perspective on the changes in Austin texas and the sournding areas over the years. I have seen the real estate market in the area go through numerous cycles and can help you gain a perspective on what that means to you over time.If you are considering buying or selling a home or would just like to have additional information about real estate in your area,...
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By Dotti Driver, GRI, E-Pro Realtor
(Sky Realty)
Westlake Hills is south of the river and west of MoPac    S - 24 Properties Found List PriceSquare Feet$/SFBedroomsFull BathsLiving AreasYear BuiltSales PriceLP:SP%CDOMMin$ 379,0001768$189.153211960$ 375,00088% 1Avg$ 988,7033447$258.314321988$ 950,30897% 28Max$ 4,200,0006197$609.665552007$ 3,700,000108% 169 Your Search Criteria Returned 24 Properties  This is the sold stats for the Westlake Hills area of Austin for the month of July 07.  These stats are based on single family homes sold through the Austin MLS by RealtorsThis information is deemed reliable but not guaranteed.  Buyer and seller must verify.
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By Jason Crouch, Broker - Austin Texas Real Estate (512-796-7653)
(Austin Texas Homes, LLC)
I had a higher-end listing that we put on the market in 2005, and we got a contract pretty quickly quickly (not right away - maybe three months).  The buyers asked if they could move in a week or so before the closing, because they have seven kids and they were staying at a local hotel which was costing an arm and a leg.  Although we were all a bit skeptical and wary of letting them move in early, we decided to allow it, but we put in a rather punitive amount for the "holdover" period.  In other words, if they didn't close by August 31st, 2005, they would be paying $300/day.  We thought this would be sufficiently motivational to get them out or get it closed.  Boy, were we wrong!  They paid this amount and then continued to pay for about a YEAR!  Yes, they paid $9000/month for almost 12...
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By Jason Crouch, Broker - Austin Texas Real Estate (512-796-7653)
(Austin Texas Homes, LLC)
The Austin Business Journal reported today that Austin, Texas tops the nation for business this year.  Austin placed first out of a field of over 400 metro areas tracked: http://www.bizjournals.com/austin/stories/2007/08/06/daily6.html?f=et51&ana=e_du  For years, we have seen wave after wave of investment activity in the Austin Texas real estate market.  However, even though prices have increased somewhat consistently (2001 was an exception, 2002-04 were relatively flat), the prices here in Austin remain very reasonable and the outlook is very strong.  This is still a phenomenal time to invest in Austin, especially if you select wisely.  Check out our Austin real estate website - we would love the chance to help!
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By Paul D'Arcy
(AustinTowers.net)
 The Austin Business Journal reported online that Austin is currently rated by one analyst firm to be the top city in the country for business. Since the economy drives the real estate industry, this is very good news. The article reported:  "Austin is the best place for business in the U.S., according to Moody's Economy.com Inc, Moody's, an independent economic research firm, reported that the Austin-Round Rock Metropolitan Statistical Area (MSA) earned the top spot over almost 400 metropolitan areas tracked by the company's economic vitality index. In the last index, published in March 2007, Austin-Round Rock MSA ranked seventh."  ****Visit http://www.austintowers.net for a complete guide to all downtown condo projects, real-time downtown Austin condo listings, and the complete unedit...
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By Paul D'Arcy
(AustinTowers.net)
AustinTowers is very excited to launch a comprehensive Downtown Austin Condo FAQ (Frequently Asked Questions) as a new permanent section of the site. The FAQ will provide a comprehensive overview of the emerging downtown Austin high-rise condo market by answering the most common questions facing condo buyers. Here are the questions that are answered in the initial version of the FAQ: How much does it really cost to own a downtown condo?How much do condo fees vary?Why are condos more expensive than single family homes near downtown?What units make the best investment?How big is the high-end condo market?How easy is it to sell a downtown condo unit?Who actually lives downtown today?Do downtown residents actually work downtown?How many downtown condo units are bought by investors?Do MLS s...
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By Paul D'Arcy
(AustinTowers.net)
The big Austin downtown condo question remains: how big is the market for million $ condo units in downtown Austin? Some new market stats from Ki Gray of Escapeso Austin Real Estate provide some context on the high-end downtown market and it's performance so far in 2007. Here are the number of houses that sold for $1 million or more by year and that were recorded in MLS in the Austin metropolitan area: 2004 - 152 houses 2005 - 213 houses 2006 - 341 houses 2007 - 181 houses (1st Half of 2007 Only) The amazing thing is that the size of the market has more than doubled in just 3 years. As one of the fastest growing segments of the market, high-end inventory and demand have been rapidly expanding. It remains to be seen how many high end condo units can be absorbed by the Austin market. In ...
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By Paul D'Arcy
(AustinTowers.net)
The Monarch — billed as the city's first luxury rental high rise tower — is now very far along in the construction process. Developer ZOM Austin is constructing what was supposed to be a 27 story rental project on 5th just East of Lamar with 297 rental apartments and 8,500 square feet of ground floor retail. The confusing part of the project is it's website which now bills the project as the Monarch Condominiums and refers to the upcoming opening of the project's "sales center". It's hard to find any interpretation other than that the project will be largely, if not entirely, converted from a rental to a condo project. There is not currently any websites promoting rentals at the Monarch. Current sales of downtown Austin condo units are reported to be quite strong. While rental rates ar...
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By Paul D'Arcy
(AustinTowers.net)
The market for downtown condos is very active but quite different from the single family home market in two key facets. First, downtown condo owners who want to sell are currently competing with new units entering the market. If too many units come on at once, downward pricing pressure may ensue. That said, developers are very good at controlling prices and surprisingly patient. However, it's important to note that condo projects are more commodity-like than single family houses in established downtown neighborhoods. Second, units for sale within a building compete directly, and brutally, with other units within the same building. As we have written before, If you buy a house in central Austin, the odds are that it is different -- in one way or another -- from every other house in cent...
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By Paul D'Arcy
(AustinTowers.net)
According to a source who recently visited the 360 sales center, the 44-story 430 unit is selling well and should sell out soon -- many months ahead of its scheduled completion date. With 430 units, 360 is the largest of the current crop of developments, so a sell out would be a strong sign for the market. The news is that 360 has sold approximately 378 of the planned 430 units. With 52 units remaining, 88% of units have been sold. Supposedly, most of the remaining units face East with the cheapest remaining 1 bedroom selling for $283K and the cheapest remaining 2 bedroom listed at $406,000. There are still 14 floor plans to choose from. While sales are strong, the other side of the coin is that the first 75% of units supposedly sold in the first three weeks in he market in March. In t...
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By Jason Crouch, Broker - Austin Texas Real Estate (512-796-7653)
(Austin Texas Homes, LLC)
1/3 of high school graduates never read another book for the rest of their lives. 42 percent of college graduates never read another book after college. 80 percent of U.S. families did not buy or read a book last year. 70 percent of U.S. adults have not been in a bookstore in the last five years. 57 percent of new books are not read to completion. 70 percent of books published do not earn back their advance. 70 percent of the books published do not make a profit.(Source: Jerold Jenkins, http://www.jenkinsgroupinc.com/) I knew that not everyone was a book lover like my wife and I are, but WOW!
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By Jason Crouch, Broker - Austin Texas Real Estate (512-796-7653)
(Austin Texas Homes, LLC)
I attended a closing a few days ago at an attorney's office (less frequent here in Austin, as we usually close at title companies).  This particular guy has always been very good at explaining the closing process to the buyers and sellers, yet he is also quick.  At any rate, he was telling my buyers that the best method for sending extra payments to the bank/mortgage company was to divide one payment by 12, then send 1/12 each month applied to principal.  He said that this would remove four extra YEARS from the mortgage as opposed to simply sending one extra payment annually all at once. I know that the other method (one full extra payment sent once a year) will knock off a good portion of the loan term (I think close to half), but I wasn't sure if this other method he recommended would...
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