Soon, there may be a new reason to visit Bee Cave, TX!
Houston-based real estate investment company Rockspring Capital is planning a retail build on a 22.5 acre site on W. Hwy. 71, 2 miles west of the Hill Country Galleria in Bee Cave, said spokesman Sylvester Palacios, Jr. of Pierpont Communications, Inc.
The property is located on the south side of the highway, just east of Vail Divide and directly in front of the Bella Colinas subdivision, he said. Access to the property will be on Del Dios Way and Palermo, he said.
Rockspring plans to invest about $1.4 million to enhance the property that is zoned Neighborhood Services, Palacios said. The build will possibly include several restaurants, banks and other service providers, he said.
“Austin’s booming economy and population growth is driving tremendous retail demand in this flourishing submarket,” said Jim McAlister, president and CEO of Rockspring Capital, in a news release. “We were receiving a lot of interest from retailers even before the deal closed.”
According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area 2013 home sales reached a historic high for December, while housing inventory dropped to an all-time low of two months. The report also included the year-end statistics for 2013, which showed momentum in Austin real estate coursing steadily into the new year. “Population and economic growth in the Austin area show no signs of slowing down this year; neither does Austin’s increasingly competitive housing market,” 2014 President of ABoR Bill Evans said. “In 2014, Austin homebuyers and sellers can expect home prices to continue to rise across all segments of the market. Multiple offers on home listings will be commonplace, and many homes will sell within days of hitting the market.” Read more for full details and figures.
Thinking about listing your home? Click here,or Contact Steve at 512-829-2062 to find out what your home may be worth!
I know, I know, we may be a little biased, but we think the Austin area is a GREAT place to live! Not only is it one of the fastest growing cities in the country, but it’s also the #4 best place to raise a family (according to Parenting magazine), one of the “Tastiest Towns” in the South (according to Southern Living), and is home to some of the best schools & universities in the country. And that’s just to start! Although it gets pretty hot during the summer, in general, Austin has a great temperate climate, perfect for exploring some of the many outdoor opportunities for the whole family! And don’t forget live music! Opportunities to enjoy live music abound…and many of them are FREE!
Still not convinced? Check out a few more reasons why Austin is a great place to call home here. And while you’re at it, if you’re thinking about making Austin home, contact us! (512-829-2062)
Economist Angelos Angelou delivered his 29th annual economic forecast in Austin on Dec. 12, and offered a sunny outlook for the Capital City & Austin Real Estate in 2014. Among his predictions, he anticipates that Austin would add 57,000 new residents and about 29,000 new jobs in 2014, and have a 4.8 percent unemployment rate by the end of 2015. Here are a few highlights from his talk.
Austin’s Real Estate Highlights for 2013
The Austin metro area added 54,700 people, roughly 27,200 new jobs and had a 5 percent unemployment rate.
It also had $27.2 billion in retail sales.
The city’s main economic drivers included its entrepreneurs and its tech, real estate and entertainment sectors.
Austin’s high-tech industry added 5,000 new jobs in 2013 for a total of roughly 120,000 jobs in the field.
The real estate market remains strong with Vacancy rates have reaching record lows.
“I cannot find any Realtor who will not tell me that homes are being bid up in Austin,” he said. “You cannot buy anything at asking price; you have to bid it up sometimes 5, 10 or 15 percent.”
Angelou said major events such as Austin City Limits, South by Southwest Conferences and Festivals and the U.S. Grand Prix have generated an estimated $800 million annually for the local economy.
Austin’s 2014 Real Estate Outlook
The Greater Austin area will continue to thrive in 2014 with the arrival at Google Fiber and Dell Medical School.
Austin’s economy would experience “good, solid growth” in 2014 and 2015. With an additional 28,900 jobs in 2014 and 30,400 jobs in 2015.
In two years, Angelou estimates that Austin’s metro area will add 150,000 people, bringing the area’s population to 1.98 million.
Austin would add 57,000 new residents and about 29,000 new jobs in 2014, and have a 4.8 percent unemployment rate by the end of 2015.
Other Highlights of the Austin Local Economy
Catherine Morse, general counsel for Samsung Austin Semiconductor LLC, said the company employs 2,600 people and contributes $2.2 billion annually to the Central Texas economy. Samsung expects to keep the same number of employees for the first part of 2014 but hopes for growth in the second part of the year, she said.
Greg Hartman, president of external affairs at Seton Healthcare, said The University of Texas may announce the new dean of the Dell Medical School in January. Seton will break ground on the medical school in September and the teaching hospital in October.
Hugh Forrest, director of the SXSW Interactive conference, said that in 2013, SXSW generated $218 million of economic impact, or 35 percent of a Super Bowl’s impact.
If you’re headed out on U.S. Highway 290 between Austin & Dripping Springs, you may need to slow down to avoid getting ticketed. The Texas Department of Transportation (TxDOT) has lowered the speed limit on U.S. Highway 290 between Nutty Brown Road & Rob Shelton Blvd (the road that runs by HEB in Dripping Springs). New speed limit signs were posted Tues., January 7, on U.S. Highway 290 between Nutty Brown Road & Rob Shelton Blvd. (HEB), lowering the speed limit to 60 mph. TXDOT officials approved the speed limit change in November 2013.
Share this information along to your friends and family to help them avoid getting a costly ticket!
When is the best time to list your home for sale? Now, although we don’t have a crystal ball to determine the future, we can help you determine when may be the right time to list based on what the market has done in the past.
Now that the holidays are over, and the New Year has dawned, some may be putting off listing thinking that the best time to list is in the “real estate high season” during the Spring & Summer. However, if you want to sell your home by Spring, the best time to list your home may be now!
I know it may seem early, but according to a national survey of real estate transactions, the best time to list your home may be now! Here’s why. The survey found that over 90% of buyers start their search on the internet. After that, buyers spend approximately two months looking for homes before finally deciding on the right home for them. That two month lag time means that sellers who list their homes right now are positioning themselves to close on their home in the early spring. So if you’re looking to sell in the spring, you’ll want to list the house now – and get a head-start on the competition!
As one of the top listing groups in the Southwest Austin area, the Mallett Integrity Team has the experience & expertise you need to help you get the most money for your home in the least amount of time. Want to know more about how we can help you list your home and what our team can do for you? Click here.
It’s a New Year, and a chance to get started off on the right foot! It’s also a time to look back and see if you kept New Year resolutions you promised to keep last year. And, whether you kept your resolutions or not, you may be curious to know what other people listed as their top new year’s goals for 2013. Not surprisingly, losing weight tops the charts along improving finances and exercise. Whether you’re trying to lose weight, quit smoking, or make 2014 the year you purchase or list your home, here are a few tips that can help make your goals a reality:
1.) Be Specific – How much weight do you want to lose? How much money do you want to save each month? Write down your specific goals and share them with your friends & family to help you stay accountable.
2.) Be Realistic – If you need to lose 50 lbs, don’t try to lose it all in one month. Set a reasonable goal each week and focus on accomplishing that goal each week. Same goes for finances. If you’re trying to save money for a down payment on a house focus on the small things you can do each day to save that will add up in the long run.
3) Set a Time Frame – Where do you want to be in 1 month? 3 months? What about 6 months or a year from now? Set goals for each of these time frames in mind and work to achieve one at a time.