Found 449 blog entries tagged as austin.

Downtown and the rest of the city are, once again, very different. Courtesy photo

CultureMap Austin shares, "A new real estate report confirms something that Austinites pretty much already knew: The city of Austin saw a significant increase in housing prices among U.S. cities within the last decade, with median home prices skyrocketing up to 87 percent.

The report by online real estate database PropertyShark analyzed median home sale prices in 41 of the most populous U.S. cities and locales in 2014 and 2023. According to the study, the median sale price of a home in Austin in 2014 was $287,000. A decade later, median housing prices in the city nearly doubled, landing at $538,000 in 2023.

Demand for housing increased dramatically due to the COVID-19 pandemic, when "millions of office employees suddenly shifted to working from…

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A theme throughout the residences and amenities is design that "feel private despite their scale." Rendering courtesy of DBOX for Austin Capital Partners

CutureMap Austin writes, "One of the most scenic pieces of real estate in Austin is in an area many locals would never have visited. High up in the hills above Lake Austin, it's accessible by a switchback road tucked into 2,000 acres of protected land beyond some existing residences and offices. Soon, residents will also be able to travel by air-conditioned funicular — a European cable car — transforming this escape 380 feet above the lake into a quasi-alpine retreat: the Four Seasons Private Residences Lake Austin.

The Four Seasons and and Austin Capital Partners have taken their time to get every detail right before breaking ground on the 100,000 square feet of private amenities. In 2021, the Four Seasons unveiled the plans (with slightly…

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Redfin.com writes, "Austin, TX is a city that defies expectations and embraces its own distinct identity. From its vibrant music scene to its eclectic food culture, Austin is a melting pot of creativity and innovation. As you wander through its streets, you’ll discover why it’s considered one of the best places to live in Texas. If this sounds like somewhere you might want to live, read on to find out what else Austin is known for.

1. Live music scene

Austin is celebrated as the “Live Music Capital of the World.” This title is supported by the city’s flourishing music scene, boasting over 250 live music venues. Iconic venues such as the Continental Club and Antone’s host performances nightly. Additionally, the city’s annual music…

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Austin Business Journal shares, "The Austin-area housing market has reached a stalemate between buyers and sellers — and that's allowing much-needed inventory to catch up and prices to hold steady.

A few years ago it was common for some parts of Central Texas to have a week or two of housing stock. Home inventory in May was clocked at 4.9 months — 1.5 months more than a year ago. It's a level of inventory that hasn’t been seen in 13 years, according to the Unlock MLS report on the Austin Board of Realtors website. Housing experts often say six months of inventory is representative of a healthy market.

“The good news is that we are moving toward a more sustainable level of inventory, which will provide price stability for sellers and more choices for…

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The number of homes for sale in the Austin area has reached its highest level in 13 years. Photo by Kurt Harvey on Unsplash

CultureMap Austin writes, "Potential homebuyers on the prowl for a house in the Austin-Round Rock-Georgetown area have a lot more inventory to choose from than usual. Active listings rose to over 12,000 residential properties in May, according to the latest real estate report from Unlock MLS and the Austin Board of Realtors (ABoR).

The spike in active listings is a 37.7 percent year-over-year increase from May 2023, the report said, with more than 5,200 new home listings added last month in a 16.3 percent increase from this time last year. Median prices for homes in the Austin-Round Rock-Georgetown MSA dipped to $459,450 in May after they reached nearly $470,000 in April.

This glut of available housing allows buyers a greater level of…

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Hoodline Austin writes, "As rents across Austin experience an unexpected dip, the city is witnessing a shift, where rent decreases have ushered in a slowed momentum for new apartment constructions, revealed data from Realtor.com and insights from local experts. Rents in Austin have seen a near 10% reduction from May 2023 to May 2024, with average rent for small to medium apartments at $1,400, while the national median stood at $1,700, as noted by KVUE.

After a substantial uptick in rental prices, due in part to an influx of residents and low pandemic-era interest rates, construction boomed, yet this surge is tapering off as building costs increase alongside interest rates and market profitability becomes less certain, a situation underscored by a…

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Homes in the Four Seasons Private Residences Lake Austin will start at $4.6 million. DBOX FOR AUSTIN CAPITAL PARTNERS

Austin Business Journal writes, "First there was the hotel. Then the condo tower next to the hotel. Soon, there will likely be an entire neighborhood here with the esteemed Four Seasons brand — 179 residences and nine villas in all on top of hills but with access to the lake via a funicular. Construction may begin soon.

Turnbridge Equities, a real estate investment and development firm responsible for major Austin projects such as Music Lane and the CitizenM hotel, has joined Austin Capital Partners and Four Seasons Hotel and Resorts as a development partner for the upcoming Four Seasons Private Residences Lake Austin, a luxury housing development on Bridge Point Parkway with views of Pennybacker Bridge, the West Austin hills and the downtown…

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From left, Heather Donahue, Jeremy Striffler, Hannah Rangel and moderator Stacy Armijo discussed affordable housing solutions in downtown Austin, Austin ISD and the surrounding communities during the Central Texas Affordability Summit. (Brittany Anderson/Community Impact)

Community Impact Austin shares, "Area leaders are continuing to look for creative ways to increase housing supply and create sustainable housing options in Austin, such as changing development codes and spearheading efforts to grow the local workforce.

Amplify Credit Union hosted its second annual Central Texas Affordability Summit on May 23 with Amplify members; Mayor Kirk Watson; and a panel featuring Heather Donahue of MOD Architecture and Design; Jeremy Striffler, director of real estate and asset management at Austin ISD; and Hannah Rangel of the Downtown Austin Alliance.

The gist

Watson said the city has undertaken a number of initiatives to address its housing supply and affordability. In December, City Council approved the first phase of the Home…

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Georgetown's Ragsdale Ranch will be home to over 1,100 homes once complete. SCREENSHOT OF CITY OF GEORGETOWN DOCUMENTS

Austin Business Journal writes, "Georgetown, recently crowned the fastest-growing U.S. city of over 50,000 people for the third year in a row, is getting a new housing development encompassing more than 300 acres.

The Georgetown City Council on May 28 approved the creation of a municipal utility district for Ragsdale Ranch, a housing development that would see more than 1,000 homes rise just a few miles north of Liberty Hill's Santa Rita Ranch — itself one of the fastest-growing neighborhoods in the metro.

Ragsdale Ranch is being developed by HK Ragsdale LLC, according to the meeting agenda, with Paul Kuo listed as the developer contact. According to his LinkedIn profile, he is a managing partner at HK Real Estate Development, a San…

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The U.S. cities with median home values above $1 million in 2024 has skyrocketed since the Covid-19 pandemic. ISTOCK/PICTAC

Austin Business Journal writes, "Nestled amid the palm trees of Jupiter Island, Florida, is a three-bedroom, five-bathroom house with a pool on a half-acre lot.

The 2,798-square-foot house, only steps to the beach and offering ocean views, is currently listed on the market for $5.1 million. As of the time of publication, it's the cheapest house for sale on Jupiter Island, which boasts the highest median home value in America, according to Zillow Group Inc. (Nasdaq: ZG).

The typical home value on Jupiter Island reached $9.98 million in February 2024, according to Zillow, beating out the exclusive neighborhoods of Golden Beach, Florida; Hunts Point, Washington; and Atherton, California.

While certain cities and neighborhoods have always seen…

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