Single Family Home Sales Biggest Ever in Austin Area

Posted by Ingrid Evens on July 19, 2017 at 3:23 pm

Single Family Home sales biggest ever

May saw the highest number of home sales ever in the Austin-Round Rock region.  $1.2 billion in total, Austin Culturemap reports.

The Austin Board of Realtors found that sales of single family homes in the Austin area were up 9 percent over a year ago and the median home price was up to $310,000.  This is the first time this year that home sales exceeded $1 billion and points to a busy selling season this summer as well.

In the city proper, home sales increased nearly 10 percent over a year ago and the median price was up 9 percent to $380,000.  The median price for 2016 was $340,000.

The Austin Board of Realtors expects home prices to continue to climb.  Although housing is being added, it’s in the higher echelons, not at entry prices.  Most first-time homebuyers need to look to the suburbs in Hays (median price $262,250) or Williamson (median price $284,375) counties to find more affordable homes.

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Former Potential Courthouse Site to Be Redeveloped

Posted by Ingrid Evens on July 11, 2017 at 3:34 pm

former potential courthouse

Land originally purchased by Travis County to be the site of a new courthouse will instead become a private development, the Austin Monitor reports.

Located at 308 Guadalupe Street, the land was bought for $21.8 million in 2010 as a new site for the Travis County Courthouse.  After voters in 2015 didn’t pass a bond that would have funded construction, the county began looking for a developer.

The Travis County Commissioners Court are voting today on whether a deal with Lincoln Property Company and Phoenix Property Company should go forward.  The companies will lease the land for 99 years for a total of $430 million.  

The spot is not subject to Capitol Corridor View Restrictions and will be home to a large development that includes residential, office, retail, and parking.  

Travis County still hopes to find another site to replace the current 86 year old courthouse.

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