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Austin Real Estate

Austin Real Estate

Real Estate Agents and experts agree – The central Texas housing market is hot, and predicted to continue throughout 2014. According to the Austin Board of Realtors, Austin realty sales in central Texas jumped 33% in January of 2013, hitting their highest January level in six years. The Austin area’s median sales price also rose, climbing 10%, compared to January 2012, marking the 20th straight month of rising sales, the board said.

“The Austin realty market showed steady growth in demand throughout 2012 and if the first month of 2013 is any indication, this year looks to be continuing that momentum in a big way,” Cathy Coneway, chair of the Austin Board of Realtors, said in a written statement. There were 25% fewer listings than last January and pending sales were up 25 percent. On average, homes spent 71 days on the market; 14 fewer days than in January, 2012.

Austin is the seat of Travis County and the capital of Texas. Located in Central Texas, it is the 11th-largest city in the United States and the fourth-largest city in state of Texas. Austin is also the second largest state capital in the United States.

In the 1830s, central Austin was settled along the Colorado River. After Republic of Texas Vice President Mirabeau B. Lamar visited the area during a buffalo-hunting expedition around1838, he suggested that the Republic’s capital then located in Houston, Texas, be relocated to the north bank of the Colorado River near the present-day Congress Avenue Bridge. In 1839, the site was officially chosen as the republic’s new capital and was incorporated under the name Waterloo. Shortly thereafter, the name was changed to Austin in honor of Stephen F. Austin, the “Father of Texas” and the republic’s first secretary of state.

The city grew throughout the 19th century and became a center for government and education with the construction of the Texas State Capitol and the University of Texas.  By the 1980s, Austin had become a center for business and technology.

Austin’s current official slogan promotes it as “The Live Music Capital of the World”, due to the many musicians and live music venues within the area, and the PBS TV concert series Austin City Limits. Austin’s central Texas location, beautiful topography, myriad of amenities, eclectic mix of government employees (university faculty & staff, political staffers, and law enforcement), foreign and domestic college students, musicians, high-tech and blue-collar workers, and business professionals, as well as a wide variety of small, unique, local businesses added to the fact that the Austin real estate market is booming, making Austin real estate a wise investment.