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Austin Real Estate Guy Blog

This is a blog about Austin real estate market conditions, statistics and anything else happening in the Austin area area that might impact the real estate market here. Every so often I will throw some unrelated stories in so please come back often.

July 2007 - Posts

I Left But My Business Stayed
I was a bit nervous a week ago as I got ready to head out of town for a few days. My daughter and I were off to Utah to the place you see to the right. The high canyons were such that we weren't going to have access to TV, internet, email or mobile Read More...
Cielo Development in Bee Cave
Some time ago I was asked to participate in a focus group for a developer who was considering a project in the Bee Cave area. Those of us in the group, who met with the developers, were asked to keep quiet about this project until it was announced. Today, Read More...
Austin Real Estate Slowed in June, But...
The Austin American Statesman had an article today about how cool June was for home sales in Austin. Home sales in June were down 6% compared to June, 2006. Is that a problem or a sign of things to come? I don't think so. June, 2006 saw a increase Read More...
Spring in Austin in July?
Yes, Spring is set for July 24 in Austin. Let me explain... A high-rise condo tower will break ground in downtown next Tuesday. The tower, which is to be 42 stories, is one of many planned condo towers for the downtown area. After taking reservations Read More...
Lake Travis is Open Again
The LCRA has reopened Lake Travis after about 18 days of being closed. The lake was closed after heavy rain in the watershed flooded the lake with a lot of debris that was carried in by flood waters. Lake Travis also had a higher than desired bacteria Read More...
Short Sale Tax Consequenses
Did you know that there can be a pretty big negative about doing a short sale? A short sale is done when the owner of a home is behind in payments, owes the lender more than the house is worth and has a severe financial handicap. If the lender agrees Read More...
Are You Into Stats For Austin?
If you are... The week in review: July 1- July 7, 2007 (compared to the same week in 2006) New listings up 41.28%. Pendings down 2.29% Solds down 2.05%. As for Average Prices: July 1- July 7, 2007 (compared to the same week in 2006) The "New Listings" Read More...
Home Sales in Austin Still Strong
The Austin real estate market is still in good shape, especially compared to the national market. In May, the median price of a single-family home in the 5-county area rose from $174,480 to $183,160 compared to May, 2006. The average price of a home rose Read More...
Lake Travis Closed
In case you haven't been watching the news, Lake Travis has been closed by the LCRA until further notice. Why? Recent flooding has washed all sorts of unwanted stuff into the lake. Swimming and boating are not safe until the water drops and debris Read More...
A Good Time To Look At Lake Travis Waterfront Properties
Lake Travis has gone from almost half empty to flooding in just a couple of months. This might sound strange, but now actually may be a great time to look at waterfront properties. Take a look at what I mean: This is the lake from the same place at almost Read More...