Mid-Summer Observations
Here we are in the hot part of the year in Austin, Texas. And although I would not describe the overall market as ‘Hot”, in some segments it is pretty lively. I am assisting several buyers make purchases on Downtown Condos. In case you are not up to speed on the happenings around town, there are about 10,000 new condos in the works. A year or two ago making a decision to buy one looked like a real roll of the dice, but what a difference $4.00 a gallon gas makes…seems like the heat has been turned up in the CBD...you can almost hear it crackle. The leasing market is jumping too. At least that is the word on the street.
Things seem to be a bit slower in upper end spec home building out in the Westlake Hills. Tight money seems to effect buyers up and down the financial scale …at least the builders are feeling the pinch.
Georgetown is really on a roll. Looks like every time you pick up a paper there is some good news about Georgetown. It is extremely highly ranked as a place to start a new business, which is a draw for out of state business types, and it is really up there in recommended places to retire. There are developers building in the Georgetown area who are pouring vast sums of money into advertising new subdivisions, and there are many cutting edge green building techniques being pioneered in Georgetown Village.
That’s what I see right now…more later.