There is a lot going on in Austin right now. In many areas around the country the real estate market is fairly slow but over the last two months, Austin's home market has seen steady increases. In fact that is a bit of an understatement as this past May set a record for home sales in the capitol region. This is refreshing change to what we have come to expect from the national real estate market recently. In addition the median home price was up 5% from last year, active listings are up and the time on the market has actually decreased. Austin homes are showing great worth as they are appreciating at double the national rate.
In addition to the great growth in Austin's residential core, the city continues to develop the amenities that a growing city depends on. One of these amenities is seeing an upgrade and women in the Austin area will be glad to hear about it. St. David's Health Care system is set to invest more than $100 million in women's health services. A new hospital is part of the budget from the money with the site set for MoPac Boulevard south of Parmer Lane. This stands to double the capacity for women's health issues and facilities for child delivery. It would seem that the population is also set for a bit of expansion.
In a national market that has shown signs of decline, the market in Austin seems to be going nowhere but up. This speaks highly of the drawing power that Austin possesses and of the amenities that are offered by the city itself. Austin is a great place to invest your real estate dollars, it is a capitol region and as such will likely continue to grow. With great education and an even more impressive job market with a focus on technology, health care and government employment. Austin also has a great number of international companies that round out the employment picture. This is a city that is poised for the future and ready to cope with the needs that a growing population base requires. Look for big things to happen in Austin in the near future.
Eric Bramlett is a realtor & broker servicing the Austin TX real estate market. Eric provides elite service and information to clients interested in homes and properties in Texas. For more information contact Eric, or visit online at www.ericbramlett.com
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