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Archive for February, 2010

Updates from the Austin Real Estate Market – New Construction Project in Austin

February 13th, 2010

In January, the Goodlife Team formed a relationship with Ken Blaker and Bob Tims of of the Antero Homes project at Knollwood.  We are pleased to now represent 250 units of 2 star green new construction homes on the Colorado river, only 4 miles from downtown.  I’ve been out at the project for many days at this point, and I am very excited about the possibilities I see for a great neighborhood in a part of of town that people didn’t even know existed.  Yesterday we closed our 1st sale at the project, and we are excited to have the opportunity to work with our new partners to create something great for home owners.

The market for new construction homes in Austin continues to vex my real estate friends nationally; I call and talk to them about what we are doing at the goodlife team with new developments and their don’t understand it in the context of the national real estate market, which is perfectly understandable.  If you only use the national news, it would seem like there would be no new construction until 2020 at the earliest due to the glut of resale inventory.  Austin exists in it’s own economic climate, not unaffected by the national market, but also with some peculiar advantages – reasonable unemployment given the circumstances, diverse business environment meaning we don’t depend on any one industry for jobs, and the reasonable appreciation rates in our housing market prior to the national bust.  Plus, people still want to move here :-)  Garry Wise is writing about this every month as part of our blog – see the latest market stats at Austin Real Estate Market Stats – this is updated every month with our interpretations of what is happening in the Austin real estate market.

Of course, if you are searching for any property in East Austin, come visit us at www.goodlifeteam.com.

Jack

austin, goodlife team, new homes, real estate