Tag: Austin home sales

New Homes in South Austin

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The 468-acre plot of land known as Turner’s Crossing will soon be a sprawling community with more than 1,300 single-family homes. The community will also offer a variety of amenities, including pools, playscapes, a splash pad, and a three-mile walking trail. The construction project is an ideal location and just 11 miles south of Downtown Austin.

If you’re thinking that it sounds like a massive project, you’d be right. In fact, Meritage Homes Corp is constructing homes in phases and is even working with other partners to get the project rolling. The first phase is likely to start construction soon and will be in the northern section of Turner’s Crossing, between FM 1327 and SH 45.

Trendmaker Homes Austin has also acquired land in the area, 324 single-family lots, to be exact. The company has set a target open date for June 2021. Taylor Morrison Home Corp. will also be helping out and constructing some new homes within Turner’s Crossing.

With a large demand for affordable single-family homes in Austin, there’s no surprise that several companies are putting in their all to develop the south Austin area, but there’s still a chance for more development groups to get in on the action. Close to 40 acres of Turner’s Crossing will be dedicated to commercial and multifamily projects, but Meritage hasn’t begun negotiations to sell this property to developers.

It will be interesting to watch how this project unfolds and what kind of commercial and multifamily residences will join this massive community. The development of land in Austin solely dedicated to homes priced between $200,000 and $400,000 has been needed for some time.

If you have any questions about the area and what kinds of investment properties may be right for you, give our team a call. We’re happy to talk real estate and what the current developments can mean for Round Rock, Austin, and the surrounding areas.

Choosing a Home Warranty for Your Rental Property

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Choosing a Home Warranty for Your Rental Property 

There are plenty of expenses when it comes to owning a rental property. New application fees, landscapers, and even the downtime costs associated with utilities when no one is residing at the property. There are many factors to consider when renting your property but the thing you may not have thought about can save you a lot of money and peace of mind. A home warranty.

Large ticket items, like your A/C unit, appliances, or plumbing issues, are not typically covered under your homeowner’s insurance unless in cases of natural disasters. When you have a rental property it is important to ensure maintenance items are covered. This is where a home warranty comes into play.

Saving you time and money, a home warranty company will take care of those maintenance nuisances that seem to happen when you’re least prepared for it. The service level plan you opt into will determine the amount of out-of-pocket expenses you can expect for a maintenance request. 

There are several home warranty companies to research and determine the best fit for you:

  • Choice Home Warranty
  • America’s First Choice
  • Select Home Warranty
  • Total Protect
  • HSA
  • Old Republic
  • Guaranteed Home Warranty
  • Landmark Home Warranty
  • Stanley Safe Club
  • Allied Home Warranty
  • American Home Shield
  • BFS

 While a home warranty can’t guarantee the best tenant, that’s our job, a home warranty can help alleviate the stress of maintenance repairs. When you’re ready to consider all the options available to you for your rental property and need help with professional management services, give us a call. 

Mixed-Use Developments are the City’s New Domain

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If you’ve spent any time in North Austin, we’re sure you’ve been to The Domain. It’s been revered as a success to many in the business community and is even viewed as a development the community has to match. 

But, just like any other story, there’s another side to consider. In fact, many people think the development was a missed opportunity. They believe the area had the potential to be a more walkable and integrated retail and business area.

The Domain has expanded to cover more than 300 acres and holds offices for some of the largest companies and employers in Austin. From Facebook to Indeed, you’ll find many employees driving in for work in this neighborhood. On top of those office spaces, you’ll find thousands of apartments and more than 1.8 million square feet of retail space. With hotels in the neighborhood as well, this mixed-use space has it all.

While The Domain continues to grow, other developers are taking the feedback on how to improve the project to heart and using it for their own designs, including one that’s coming to Round Rock! A developer wants to put in a $200 million mixed-use space near I-35 and State Highway 45 that takes guidance from The Domain.

Developers are calling the project “The District” and hope to give it a 24/7 vibe that appeals to younger demographics and will be minutes from Dell’s headquarters. The project was first proposed in 2017 and plans have started moving forward to get started on the development. It’ll be exciting to see if The District rivals the same success as The Domain and what new retailers, entertainment spots, and offices we’ll be able to find here soon! 

If this new development has made you excited or even curious about Round Rock and the Greater Austin area, give us a call! We’re always happy to talk about neighborhoods and changes to properties throughout the area.

Construction Projects Call Underdeveloped Section of Round Rock Home

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As Austin expands, so does its surrounding neighborhoods. Developers are looking for open spaces they can turn into homes and businesses to keep up with the high demand. Recently, they’ve set their sights on a previously empty corner of Round Rock.

Near the intersection of County Road 110 and University Boulevard, homebuilders are beginning plans to construct 1200 single-family homes. In the same area, another company is petitioning to bring nearly 150 acres of duplexes, multifamily, and single-family homes. A majority of the Round Rock neighborhood is developed land or currently undergoing developments, so it’s no surprise that builders are looking to the northeast as the site of their new projects.

Residences aren’t the only project lined up for the area. Commercial spaces have also been zoned off for the 356-acre plot of land KB Home Lone Star Inc. is using for the massive subdivision. 11 acres along University Boulevard are zoned for retail, office, and other uses with a maximum building height of five stories. The other 345 acres will go to a variety of single-family homes that will appeal to a mix of homeowners.

Across from the KB Homes, a 190-acre plot of land has been zoned for Scott Felder Homes. The residential and commercial development will feature single-family homes, apartments, townhomes, duplexes, and some other commercial buildings that haven’t yet been specified.

University Boulevard will soon be a flurry of hammering, sawing, and other construction noises in order to have enough homes to fill the growing need to live in a suburb that makes it easy to commute to Austin.

If you too are thinking about moving to the outskirts of the city, but aren’t sure where to begin, I’m happy to help you. There are a lot of growing areas that may be exactly what you’re looking for, so give me a call and let’s talk neighborhoods!

Austin-Area Home Sales Set October Record

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Despite a dip in September, the Austin-area housing market rebounded big time in October. In fact, according to the October 2018 Central Texas Housing Market report released by the Austin Board of REALTORS®, both home sales and sales dollar volume were the highest on record for any October. These record highs suggest a strong demand for single-family homes around the Austin-area and, while inventory did slightly increase around the area, there is still not enough supply to support the demand. What should you know as both a current and potential investment property owner? Here’s a look at the details:

Luxury houses in North America

  • Austin-Round Rock MSA
    • 2,347 home sales – a 4.3 percent increase from October 2017 AND the highest number of sales for any October
    • $900 million in sales dollar volume – an 8.8 percent increase year-over-year
    • $308,355 median home sales price – a 7.5 percent increase from October 2017
    • 2,871 new listings – a 3.7 percent increase year-over-year
    • 7,434 active listings – an 8.2 percent increase year-over-year
    • 2,444 pending sales – a 2.8 percent increase from October 2017
    • 2.9 months of inventory
  • City of Austin
    • 735 home sales – a 7.8 percent increase year-over-year
    • $343 million in sales dollar volume – an 11.9 percent increase from October 2017
    • $377,000 median home sales price – a 3.7 percent increase from October 2017
    • 878 new listings – a 5 percent increase year-over-year
    • 1,643 active listings – a 5.4 percent decrease year-over-year
    • 711 pending sales – a 2.2 percent decrease from October 2017
    • 2.1 months of inventory
  • Travis County
    • 1,176 home sales – a 6.2 percent increase year-over-year
    • $537 million in sales dollar volume – a 10.9 percent increase from October 2017
    • $358,540 median home sales price – a 5.5 percent increase year-over-year
    • 1,417 new listings – a 5.1 percent increase year-over-year
    • 3,374 active listings – a 1.2 percent increase from October 2017
    • 1,198 pending sales – a 3.3 percent increase year-over-year
    • 2.6 months of inventory
  • Williamson County
    • 780 home sales – a 0.5 percent decrease year-over-year
    • $242 million in sales dollar volume – a 3.3 percent increase since last October
    • $281,250 median home sales price – a 4.5 percent increase year-over-year
    • 963 new listings – a 2.6 percent decrease from October 2017
    • 2,595 active listings – a 12.2 percent increase year-over-year
    • 835 pending sales – a 2.1 percent increase from October 2017
    • 2.9 months of inventory

Do you have any questions about the local housing market? As a longtime REALTOR® and property manager in the Austin-area, the TALK Property Management Team is always here for you. Contact our team anytime!

Are you thinking about buying an investment property? We would be happy to help! Contact us today to get started and learn more about our property management services!