So many reasons why you should hold onto your commercial real estate Austin, according to @FranceMedia Inc. Have you noticed rent increases in your area?

Growing pains for Austin as the nation talks of an impending recession as shared in this article by the Austin Monitor! What are your concerns about investing in Austin? We’d like to know! Contact us. Read the article here.

According to this article from Patch.com, our city can’t handle the continued growth without a new strategy and market prices will continue to rise.

In my 20+ years as an agent I’m shocked at how the majority of Buyers and Sellers truly know so little about the state of the market and it’s direction yet are making quick decisions that could cost them a fortune in real estate (and beyond). This is usually a direct result of their agent or broker not knowing either and the client is simply trusting “the expert” as to be expected. Here is exactly how to avoid this.

For the most part Q3 has performed as expected and predicted with a few exceptions. Prices moved up a few percent bringing year-to-date appreciation to around 6%. Tier-1 homes (priced right, no major flaws and wow factor) sold within days with multiple offers and average of 3-5% over list price.  Tier-2 properties (mostly a Tier-1 but with one flaw such as needing cosmetic updates) averaged 40-60 days on the market and about 3-5 % negotiability. Tier-3 (major issues or work) sat on the market 90+ days and 10% negotiability.

So far 2019 has continued to perform above expectation. At the end of 2018, I predicted our next strong market cycle would begin mid to late 2019 with values rising 7-8% or so through 2021. However, the market performed at that level of appreciation right of the gate in Q1. The 2nd quarter has seen the same velocity and to date prices have risen 3-4% appreciation for the year.

So far 2019 has started extremely strong exceeding expectations.  In my last update I mentioned we would likely see our next strong appreciation cycle (after 5-6% annually in 2017 and 2018) begin mid to late 2019.  I would say it’s starting a quarter early….as in…now!

Time hacks mean everything to us. As you discover this amazing city and the incredible entrepreneurial community within, this piece our amazing team put together will help you start understanding an important pillar of that entrepreneurial community based on locational quadrants of the city. Austin boasts over 50 co-work spaces with many of them serving a niche.

Too often, I see entrepreneurs choose to sell or buy a home that ends up very negatively impacting their business financially. Whether the home purchase or sale is due to a life shift, need around the kids or their own perceived needs I regularly experience entrepreneurs missing the incredibly vital connection of choosing their personal home needs through their business needs FIRST. I call it the “business of home”.

As an entrepreneur what does your home office situation look like? Is it in the corner of the master bedroom or an afterthought in some dark corner of the house? For most the answer would be a yes…after all, what difference does it make right? Actually, it’s a much larger impact on your company than you may think!

Why it’s imperative Entrepreneurs use location to their business needs as the most important driver when buying or selling a home and most fail to do so. Entrepreneurs and Founders too often miss the true importance of location as a filter when buying their personal home. This is no surprise as it’s only natural to separate personal life from the business but it’s a big mistake.

Averaged across all price bands/sectors, market supply is at 3 months which is considered a low inventory/ high appreciating environment. However we’re only seeing appreciation in one main price band and even then at about a 5% annual rate vs 7-10% we would expect at 3 months supply.

In this week’s blog, I had the pleasure of interviewing friend and fellow market expert Mark Sprague of Independence Title here in Austin. Mark is the State Director of Information Capital for Independence Title and has been sharing his expertise and analysis of the Austin market for many years.

Austin, Texas is witnessing its own kind of gold rush, as entrepreneurs flock to the city and set up shop, making the Austin tech scene the stage for one of the fastest growing sectors in the modern age. The city is seriously progressive, fully embracing the integration of technology in business and personal life.

Austin, TX has plenty of high-rise buildings, stages, and street fairs to satisfy the itch for entertainment. The great city also delivers for those craving a different form of entertainment, like tall trees, lakes, and biking trails.
Austin is dedicated to preserving natural beauty, decorated by neighborhoods perfect for outgoing nature lovers.