An economic powerhouse and one of the most vibrant hubs of all things cultural, Austin is where good living, healthy employment, and a creative sensibility come together to create a bustling city deep in the heart of Texas. No wonder so many people call Austin home, and the real estate market shows it.
According to Forbes, the estimated annual population growth rate for Austin sits at 3% for 2012 and 2013. Jobs grew 3% in 2012. With 4.9% unemployment, and an economy that expanded 6.3% last year, it is thriving with a steady influx of young professionals.
This translates into a housing market on fire. The Austin Board of Realtors reports that in January 2013 single family homes sales clipped upwards to the tune of 33 % more than January 2012 and the total dollar volume of single-family properties sold was $368,289,978, 55 % higher than the same month 2012. A building boom is going on, with 8,000 new homes under construction in 2012. With many affordable homes -- ranging from bungalows to lofts to estates -- situated in a wide diversity of neighborhoods, there is something for everyone in Austin.
So what makes Austin so great? A lot of things.
Austin, like many of the Texas metropolitan areas, is business-friendly. Dell, and Whole Foods are anchored there. The city has welcomed Apple, Samsung, General Motors and Visa and lured numerous Silicon Valley start-ups into its ranks of successful, innovative companies.
Austin is one smart city. The home of 51,000 students at the University of Texas at Austin, its populace is one of the most educated in the nation. CNN Money ranked it "the sixth smartest city" in 2010 and Forbes has placed Austin in the top ten of "U.S. Biggest Brain Magnets."
Music and the arts reign supreme in Austin. The city showcases theater, museums, and galleries. Heralded as the "Live Music Capital of the World," it boasts South by Southwest (SXSW,) now one of largest music festivals in the country, as well as the Austin City Limits Music Festival.
Bordering Texas hill country, Austin offers a fabulous landscape, with 175 parks, 23 green belts, lakes, rivers, and hundreds of parks. No wonder MSN.com and Travel & Leisure have touted Austin as one of the leading green cities in the U.S.
When you buy a home in Austin, you get a taste of residing in one of the most livable cities in the county. Swim in Barton Springs, eat at one of the many bars and restaurants on 6th St., walk Lady Bird Lake or Zilker Park, visit the LBJ Library, Blanton Museum of Art, or the State Capitol. The Austin experience is the good life personified, and our agents at Texas Homes for Sale can help you navigate your way it. Contact us at Sales@TexasHomesForSale.com today to get started!