Luxe Austin Homes

After a nearly three-hour discussion from residents, staff and officials, Bee Cave City Council approved amendments on zoning and development standards for a roughly 35-acre planned development district called The Backyard. The development in west Bee Cave will contain, among several other features, a high-capacity entertainment venue.

Approval of the amendments came during council’s May 26 meeting and follows an April 7 recommendation to adopt the changes from the Bee Cave Planning & Zoning Commission.

The Backyard will be located between Bee Cave Parkway and Hwy. 71, just west of RM 620 and Bee Cave Central Park.

Council’s last amendment to the PDD came in March 2019 and included the removal of three planned data centers and a distributed energy

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Less than three weeks ahead of what Capital Metro Board Chair Wade Cooper called “one of the most consequential votes this board has taken in its history,” the public transportation agency refined the cost estimate for its plan to revamp Austin’s public transit network.

In May, Cap Metro staff adjusted their initial plans for the plan, called Project Connect, to add a light rail line running from Austin Community College’s Highland campus in North Central Austin to South Austin to replace what was initially planned as a bus route. Additionally, staff nixed $380 million of planned work on the existing MetroRail, the Red Line, because there would not be enough of a gain in ridership to justify the cost.

The effect of those changes on the cost estimate of

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The city of Rollingwood has its sights set on a residential property located within city limits at 503 Vale St. for the use of a potential police department annex building.

Due to size constraints, the current police building has limited the department’s abilities, and according to Mayor Michael Dyson, the city is currently under a $1.2 million contract to obtain the property.

Council discussed a rezoning application of the property from a residential to a government site during a virtual meeting May 20. Action will be requested during a Planning and Zoning meeting scheduled for June 10.

As officials work to obtain the full scope of the community’s input, council emphasized that an official decision has not been made to utilize the building for

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Read the latest data on area home sales in Central Texas.

DATA: Amid pandemic single-family home sales see double-digit decreases in Round Rock, Pflugerville, Hutto

Home sales saw double-digit declines in Round Rock, Pflugerville and Hutto this April as stay-at-home orders were in place, according to data the Austin Board of Realtors released May 19.

ABoR: April residential sales decrease in the Lake Travis-Westlake region

Austin’s real estate market is feeling the full impact of the COVID-19 pandemic, as home sales declined throughout the area in April.

Georgetown sees decrease in home sales as impact of coronavirus felt on housing market

In April, Georgetown saw a 28.18% decrease in residential home sales—including single-family, condo and town homes—year

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Austin’s real estate market is feeling the full impact of the COVID-19 pandemic, as home sales declined throughout the area in April.

Residential sales reflected a 21.6% decrease in the Austin-Round Rock metropolitan statistical area, according to the Austin Board of Realtors’ April market analysis.

 

Inventory dropped as the market experienced a 7.3% decline in active listings. Simultaneously, the median sales price increased by 3.2% as homes spent fewer days on the market.

“We anticipated a sharp decline in April home sales activity, as it directly correlates with the decline in listings activity recorded in March due to government stay-at-home orders,” ABoR President Romeo Manzanilla said.

However, the drop in housing inventory is not excepted to

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The Austin Real Estate Market continues to adapt and defy the odds of working through virtual conditions. 

Local shelter-in-place orders that went into effect on March 24 had little impact on March home sales, according to the Austin Board of REALTORS® (ABoR) latest Central Texas Housing Market Report.

In March, residential sales in the five-county Metropolitan Statistical Area (MSA) increased 2.2% year over year to 3,042 sales and median price jumped 11.7% year over year to $335,200. Monthly housing inventory declined 0.7 months year over year to 1.6 months of inventory, and average days on market decreased from 65 days to 54 days.

“For most of March, it was still ‘business as usual,’ and REALTORS® adapted early to continue serving

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An upcoming 180-unit affordable housing project in Lake Travis will require action from Lake Travis ISD in order to continue construction.

The development, The Villas at Lakeway, set to be located at 2309 N. RM 620, Austin, will feature rental units for those making 60% of the Greater Austin area’s median household income.

The plat of land is located at near Lake Travis Elementary School and the educational development center site, and according to LTISD, additional sewage capacity is necessary as part of the construction process.

At an April 15 meeting, the Lake Travis ISD board of trustees reviewed a wastewater line easement agreement between the district and Travis County Water Control and Improvement District No. 17. The agreement would enable WCID

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new report shows that Texas rules the nation's corporate relocation and expansion kingdom. 

Site Selection magazine ranks theAustin, Dallas-Fort Worth, and Houston metro areas among the top 10 large U.S. metro areas for the number of corporate relocation and expansion projects landed in 2019.

On the new list, published in the magazine's March issue, Houston replaces Dallas-Fort Worth in the No. 2 spot among metros with at least 1 million residents. DFW comes in at No. 3, while Austin takes the No. 6 spot.

Last year, Houston landed 276 projects that met the magazine's ranking criteria. Dallas-Fort Worth scored 261 projects in 2019, while Austin snagged 95. With 416 projects, Chicago earned the No. 1 spot. 

Qualifying projects for the rankings

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Todd Grossman, Top ABJ Realtor in Austin, discusses the home buying and selling process amid Covid-19 with Escrow Officer Lacey Warren of Patten Title. Will these new procedures have a lasting change on how we handle real estate transactions in the future? Are your trusted real estate partners moving forward with these changes?

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Due to a series of rain events over the last month, Lake Travis has risen 3.5 feet since March 16, according to information from the Lower Colorado River Authority.

"As we get more frequent rain, the ground stays wetter between events, and more rain runs off into the Highland Lakes," said Clara Tuma, LCRA public information officer.

The lake is now about 673.4 feet above mean sea level, or msl, or about 88% full, which is about 4 feet above its historical April average, Tuma said.

"Lake Travis and Lake Buchanan, the two water supply reservoirs in the Highland Lakes, were designed to fluctuate—falling during drier times and rising during wetter times—and that’s exactly how the lakes are functioning now," she said. "Water will continue to be released from

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