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Austin Real Estate
There’s a lot to like about Austin, and it’s obvious that enough people have thought so, since Austin, for the past several years, has been one of the fastest growing cities in the nation. Austin is located in central Texas, on Interstate Highway 35, and the Colorado River, and is the county seat of Travis County, the State Capital, and the State’s fourth largest city. Austin’s popularity is primarily due to the high quality of life offered by the city’s reasonable living costs - for a city of it’s size - plenty of open, green space, and varied economic opportunities. In fact, in 2006, Money Magazine rated Austin number one among the best places to live in the U.S., and MSN rated Austin as “ The Greenest City in America.”
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Although Austin real estate has not been immune to the difficulties now being experienced by the nation as a whole, the good news is that home prices are fairly stable, annual job growth has risen, and unemployment figures are low. Additionally, the Austin areal estate picture looks brighter now that it appears the University of Texas at Austin will announce the creation of a new medical school, which, adding to the Cedar Park Regional Medical Center (opened in December 2007,) and the expansion of Lakeway’s medical facilities with the addition of a Level II Trauma Center, and the construction of additional office and retail space, will contribute strongly to further job growth, and the strengthening of Austin’s economic base.
Austin Homes for Sale
Residential real estate property inventories in Austin are up 1.1% as of May, 2008, and up 20.9% from May of last year. Currently, the median price of Austin single-family homes for sale is $275,000, up 3% this month and up 20.9% since May of last year.
Austin Condos and Lofts
Austin condos and lofts offer stylish living and freedom from the maintenance necessities that go along with single-family home ownership. A wide selection of Austin condos and lofts can be found in many of Austin’s urban neighborhoods from mid-price range to very expensive. Condo amenities can include some or all of these features, among others; swimming pool, workout room, concierge service, state-of-the-art security systems, gourmet kitchens, beautifully landscaped grounds, large balconies, magnificent views, and more. Lofts feature open-unit designs with high ceilings, large windows, and some with sealed, concrete floors and unique tongue and groove wood ceilings.
Austin MLS
If you are planning to purchase a home in the Austin area VIP Realty’s MLS is your always up to date access to thousands of Austin properties. Why waste your time with on-line MLS listings that are often outdated when you can have access to our MLS and VIP’s expert services which are always free to buyers? If you are selling a home in the Austin area, you need VIP’s MLS services as well, since this service can be a valuable tool in checking the asking prices of homes in your area that are similar to yours, enabling you to set a REALISTIC selling price that will attract buyers.
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