Luxe Austin Homes - georgetown

"5 Austin neighbors lauded as best small cities in America"

CultureMap Austin writes, "Living in the big city isn't for everyone, which is why many are flocking to the suburbs and less-populated cities around Austin. To demonstrate the popularity of suburban and rural communities, a new study by WalletHub has identified five Austin suburbs on their 2024 list of the "Best Small Cities in America."

The extensive report compared over 1,300 U.S. cities with populations between 25,000 and 100,000 residents based on 45 livability metrics across five main categories: Affordability, economic health, education and health, quality of life, and overall safety. Cities were grouped by percentile, where the 99th percentile encompasses the top one percent of small American cities.

A total 19 U.S. cities all qualified…

414 Views, 0 Comments

"Outside Austin, the metro's wealthiest ZIP codes are up north"

Austin Business Journal writes, "The Austin Business Journal recently revealed that the metro's wealthiest ZIP code is in the core of the city: downtown Austin.

But what about when you venture outside of city limits? That honor belongs to Cedar Park's 78613 ZIP code, which came in at No. 18 on the list.

American City Business Journals, ABJ's parent company, used a weighted formula with numerous factors, including per capita income, home equity, typical home value, estimated savings and poverty rate to determine the wealthiest ZIP codes.

That determined that wealth looks different in the suburbs. The 78613 ZIP code, which roughly spans north from the Lakeline Mall off Farm to Market Road 620 to New Hope Drive, has a per capita income of around…

237 Views, 0 Comments

"3 Austin neighbors shine on new list of America's safest suburbs"

CultureMap Austin shares, "Crime may be a concern for some Austinites, but life is a little more relaxed just beyond the city limits. Cedar Park, Georgetown, and Round Rock were just named among the safest suburbs to live in the U.S., as declared in a new report by financial advisor marketplace SmartAsset.

The report ranked 360 suburbs of major U.S. cities based on their crime rates, vehicular and drug poisoning mortality rates, and the percentage of the population engaging in "excessive drinking." Housing affordability was an additional factor considered for the 35 safest suburbs.

The No. 1 safest American suburb is Lehi, Utah, which is nearly 30 miles south of Salt Lake City.

Cedar Park (No. 45) was the highest ranking Austin suburb,…

311 Views, 0 Comments

"More than 1K new homes on tap for fast-growing Georgetown"

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…

246 Views, 0 Comments

"Georgetown is fastest-growing city of its size for third-straight year"

Austin Business Journal writes, "For the third-straight year, Georgetown is the fastest-growing city of at least 50,000 people by percent change, according to an analysis of data from the U.S. Census Bureau. Other Austin-area cities weren't far behind.

Georgetown's population reached 96,312 last year, according to newly released city-level data for the 12-month period spanning July 2022 to July 2023. That represents a gain of roughly 9,250 people from the year before — the eighth most in the country among cities of any size based on numeric gains.

An analysis of the data also shows that the city north of Austin grew 10.6% year-over-year, making it the fastest-growing city of at least 50,000 people. Kyle, south of Austin, ranked No. 2 with a 9%…

298 Views, 0 Comments

"Home sales are up in Austin thanks to stabilizing housing prices, new real estate report says"

CultureMap Austin writes, "Austin-Round Rock-Georgetown experienced its highest year-over-year increase in home sales this past April, illustrating a growing optimism in the metro area's housing market. That's according to the latest real estate report from Unlock MLS and the Austin Board of Realtor (ABoR).

More than 2,700 homes were sold in April across the Austin-Round Rock-Georgetown MSA, which is a 5.9 percent increase from this time last year. Median prices landed at just under $470,000 in a 1.1 percent increase year-over-year. There were 10,808 active home listings on the market, which is nearly a 32 percent jump from April 2023.

"Despite the higher rate environment, the uptick in affordable inventory in the $300,000 range is allowing more…

331 Views, 0 Comments

"Tesla electrifying Austin economy far and wide"

Austin Business Journal writes, "The impacts of the Tesla Inc. gigafactory in eastern Travis County can be felt all the way out to an inconspicuous warehouse in Hutto, a vast greenfield at the north end of Georgetown, a train rail line in Taylor and a sprawling industrial complex in Kyle and even a bus station in Killeen, where gigafactory workers are picked up for work each morning for a 150-mile round trip.

Those sites — and just about everywhere in between — are among the locales where the "Tesla effect" is coming to fruition, referring to how the company's headquarters relocation to Austin has spurred additional economic development in the region. That's either through direct investment by the company itself, Tesla suppliers moving here, or…

303 Views, 0 Comments

"Work begins on development that could bring nearly 3,000 homes to Hutto"

Austin Business Journal writes, "Thousands of homes are headed to Hutto, where Houston-based Empire Continental Land LP is building a sprawling new neighborhood.

Empire Continental Land, the Texas land division of residential builder and developer Empire Communities, announced March 18 that work had begun on the project. Flora, as it is called, will rise on more than 800 acres and have nearly 3,000 homes once complete. It’s yet another example of massive neighborhoods sprouting in largely rural areas of the metro as Samsung Electronics Co. Ltd., Tesla Inc. and other companies expand in the region and spur population growth.

“Hutto is in a period of dynamic growth for both businesses and residential communities,” said Steve Sellers, president of…

292 Views, 0 Comments

"Suburbs are the stars of the 'Austin' population boom"

Austin Business Journal writes, "About eight out of every 10 people added to the Austin metro during a recent 12-month period settled outside of Travis County — which roughly mirrors the Austin city limits. Travis County added an estimated 7,400 new residents in the second half of 2022 and the first half of 2023, which is not far off of what Oklahoma City can expect for annual population growth these days.

It's perhaps a sobering comparison for many Austinites and especially Texas Longhorn fans, but a deeper dig into the latest U.S. Census Bureau data reveals what may be a more disturbing fact: More people are moving away from Travis County than to it. If it wasn't for babies, Travis County would be shrinking.

Travis was the only county in the…

342 Views, 0 Comments

"Austin homebuilder using unusual method to rapidly build 900 homes in Georgetown"

Austin American-Statesman reports, "hundreds of homes are headed for fast-growing Georgetown, north of Austin in the five-county Central Texas region..

Aztec Group's Brell Tarich and Jason Shapiro arranged $33.25 million in construction financing for the first phase of the single-family housing development. Aztec is a real estate investment and merchant banking firm based in Miami.

The builder, Onx Group, is a Texas-based residential developer that uses cutting-edge technology to streamline the pre-construction, manufacturing and assembly process. Through its proprietary construction method — X+ — Onx manufactures individual rooms, bathroom pods, walls and more at offsite production facilities near its housing developments.

In November, Onx…

274 Views, 0 Comments