Austin Real Estate

Austin suburbs like Cedar Park, Leander and Pflugerville are trying to convince developers to build industrial office space. The city has plenty of vacancies, but the suburbs have businesses fighting over the few options that are available for office space.

The Austin Business Journal says, “Economic development directors agreed that while they believe they can fill the available buildings, the biggest problems are the lack of financing and aversion to risk.” In this economy, it is hard to convince a developer to take a risk and build yet another building. That does not stop the suburbs from hoping.

According to the Austin Business Journal, “‘It’s like a never-ending courtship,’ said Phil Brewer, director of Cedar Park’s economic development department. ‘Every time I have the ear of a developer, I try to convince them to build something here because we will fill it.’”

If you want to find out more about Austin Real Estate, contact your Austin Real Estate Agents of the Carvajal Group by dialing 512-419-7770

Texas took the top spot on CNBC’s survey of the top states for business. According to the New York Daily News, “States are judged on 10 categories, with cost of doing business weighted heaviest. Other factors include education, quality of life and transportation.”

Texas owns to number one position because it has remained strong despite the economic climate. It has the most Fortune 500 Companies, and, according to NY Daily News, the “15th largest economy in the world, larger than that of all the Scandinavian countries combined.”

The state is credited with dodging the real estate slump, with cities like Dallas still building and growing.

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To learn more about Austin real estate, contact the Carvajal Group.

According to recently released information on the metro housing markets in the United States, Austin ranks among the top five cities with the strongest markets. Alongside Houston, Des Moines, Columbia, and Charleston, Austin’s real estate market remains strong, issuing even more permits than it did during the real estate boom of 2005-2006. The top five cities all have populations of over 500,000 people and issued permits at a pace that far outdistanced the other cities on the list.
If you are looking to purchase a new or used home in the Austin area, it is important to have an experienced real estate agent on your side. For help with your home search, contact the Austin real estate professionals of the Carvajal Group at 512-419-7770 today.

June is the month that most Austin properties drop the most. However, prices aren’t looking to drop quite as much this June as they did last June. Austin was, last June, one of the best cities in the country in improving housing price depreciation. A 2009 report stated that 20 percent fewer sellers cut their listing price than in other cities in the United States. The report contained data from over 9,000 home listings.

Although Austin hasn’t increased its amount of reduced price listings from last year, three Texas cities have. The percentage of listings that lowered prices in June in Arlington is 44 percent, and in Houston and Fort Worth, it is 25 percent.

If you or someone you know has questions about Austin real estate, contact the Austin real estate agents of the Carvajal Group by calling 512-419-7770.

The Austin skyline is slowly changing. Two downtown condominiums have been under construction since 2008, with Austin citizens highly anticipating the opening of the beautiful new skyscrapers. Residents will soon be moving into the 32-floor Four Seasons condominiums at 98 San Jacinto Boulevard. The condos are located next to the Four Seasons hotel and contain many luxurious amenities, including a pool, sundeck, gym, party room and library. Four Seasons condominium residents will also be able to enjoy the many amenities of the Four Seasons hotel at all times including housekeeping and daily linen services.

The Austonian is another luxury condominium being erected in the downtown area. Located on the corner of Congress Avenue and Second Street, it is the tallest condominium west of the Mississippi River. The 188-unit condo has already sold 55 percent of it’s real estate, with living spaces ranging from $400,000 to $4 million.

If you or someone you know has any questions about Austin real estate, contact the Austin real estate agents of the Carvajal Group by calling 512-419-7770.