Luxe Austin Homes - hays county

"Big neighborhoods pitched for tiny towns south of Austin"

Austin Business Journal writes, "while housing starts across the Austin metro have retreated from pandemic highs, large residential communities continue to be pushed forward, especially in areas expected to see rapid population growth in the coming years.

That includes on the fringes of the emerging "metroplex" between Austin and San Antonio. An approximately 1,185-home subdivision called Haney Park is proposed for 245 acres in Hays County. It would in the extra-territorial jurisdiction of the small city of Uhland, between Cotton Gin and High roads, according to public documents.

In addition to the homes, the development would have three commercial lots ranging from 1.3 to 4.2 acres and an 18-acre lot for multifamily residential. Haney Park…

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"July data shows high interest rates not slowing Austin metro housing market"

Community Impact Austin reports, "while homes in cities across the Austin-Round Rock metropolitan statistical area have been hit with high interest rates in recent months, data from the Austin Board of Realtors shows that the market is continuing to stabilize.

According to July ABoR data for the metro, closed listings increased 0.6% year over year to 2,815 sales. Homes spent an average of 59 days on the market—37 more days compared to last year—and the number of new listings on the market also fell, but active listings and overall home inventory increased. Additionally, median home prices across the metro is down 10% for an average of $462,000.

The breakdown

In Travis County, year over year:

• There were 5.5% more sales, 15.8% more active listings…

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"High interest rates aren't deterring homebuyers in Austin"

CultureMap Austin writes, "real estate experts now have a much clearer picture regarding the resilience shown in Austin's housing market. The latest Austin Board of Realtors' (ABoR) report revealed that July 2022 was when the Austin-Round Rock housing market initially started stabilizing. If current trends continue, ABoR says 2023 will have a "strong finish."

"We now have a direct year-over-year comparison of when our market began stabilizing, and the big fluctuations we’ve previously seen have started to even out," said 2023 ABoR president Ashley Jackson in the report. "Potential buyers who have been on the fence about purchasing a home should know interest rates are settling, and now is the time to act."

Even with interest rates beginning to…

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"Hays County home market values up 16% from 2022"

Community Impact reports, "the Hays Central Appraisal District released its preliminary appraised property values April 13 and began mailing out appraisal notices to Hays County residences April 18. The overall market value within Hays County increased by 24%, or $13.54 billion, from 2022.

The preliminary data indicates a 16.11% increase in residential market value across Hays County, or an estimated $111,000 increase from 2022.

The county also saw a 31% increase in the value of commercial and industrial properties from last year; multifamily residential saw a 28% increase compared to 2022.

More than 5,200 new homes were added to Hays County's appraisal roll for 2023, according to the report, as well as 26 new commercial buildings. There was an overall…

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"Report shows Southwest Austin home prices up, number of sales down for October"

The latest Austin Board of Realtors report shows prices in the Southwest Austin housing market continue to increase while the number of sales continues to decrease.

Although the Austin housing market continues to show signs of stabilization, with fewer sales and more available inventory in the markets, prices continue to be higher compared to last year, according to the October ABoR report.

“Austin’s housing market is still growing, just at a different pace,” ABoR President Cord Shiflet said in a press release. “We’re entering the time of year that is historically a quieter time for home sales. With more available inventory than our area has seen in a decade and price growth stabilizing, buyers have more options today than ever before. Now is the time for…

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"Crane Watch: More condos to rise in S. Austin; More warehouses slated for I-35 corridor"

According to Austin Business Journal, "There’s another industrial development sprouting in the fertile I-35 corridor.

Mississippi-based EastGroup Properties Inc. broke ground Sept. 12 on Stonefield 35, a 275,559-square-foot project in Buda, the company announced Sept. 22. The development comes amid impressive growth, especially for industrial space, in the corridor between Austin and San Antonio.

The development will be built on about 21 acres at the northeast corner of I-35 and Robert S. Light Boulevard. EastGroup is constructing three buildings with varied dimensions.

The largest building will be 148,233 square feet and equipped with 51 dock doors and two ramps, according to marketing material. The building will have 195 parking spaces.

…

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Palladius Capital gets apartments in fast-growing Austin suburb

A major real estate investor in Austin has acquired a sizable apartment complex in the fast-growing suburb from a prominent developer based in the city.

Palladius Capital Management acquired the 342-unit, located in Kyle from Endeavor Real Estate Group, which completed the project earlier this year.

The sale price was not disclosed.

Kyle and other areas south of Austin have proven to be a popular market for multifamily construction and projects as of late

The complex Palladius got is called Citizen House Kyle, and located along the I-35 Innovation Corridor, part of the larger Dry River District, which includes a 65-acre mixed-use community also being developed by Endeavor Real Estate Group. The deal for the apartment complex includes one-…

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Gearspace Rolls into Austin, TX

Today, Gearspace announces the launch of their 6-acre development of 68 multi-purpose, individually owned, customizable garage condos for personal use. Nestled in the Texas Hill Country, Gearspace is a destination for collectors, gearheads, tinkerers, builders, and hobbyists looking to store and enjoy their favorite gear with a community of like-minded individuals.

“We are thrilled to offer Gearspace owners more than a storage space but a place to house prized possessions and to escape to, all while being part of a community with other enthusiasts. Gearspace premium garage condos can be customized to the owner's needs and design aesthetic – collecting cars, storing wine, or working on your RV or boat,'' said Ray Frigo, Principal at Gearspace.…

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