This online public forum allows the community to share views, vision for the park.
Austin Parks Foundation, the City of Austin Parks and Recreation Department (PARD) and Tur Partners invite you to join us in a new and exciting way to help imagine the future of Austin’s premier lakefront park, Town Lake Metropolitan Park. We have recently launched an online virtual public engagement forum via mindmixer.com that allows community members throughout Austin to share their experiences, views and ideas toward a long-term vision for this park.
This website is built upon discussions initiated during the first four visioning sessions held Fall 2013 and Winter 2014. All sessions are part of a larger initiative to collect community input that will inform the future vision of Town Lake Metropolitan Park. As directed by the City of Austin Resolution #20121011-081, Austin Parks Foundation is working in partnership with Tur Partners, LLC, a global advisory firm, to conduct a study that will provide recommendations for enhancing public access and enjoyment of Town Lake Metropolitan Park. The final report will be delivered in April 2014.
To join the online discussions, please visit townlakepark.mindmixer.com. For more information about Town Lake Metropolitan Park, visit the Austin Parks Foundation’s “Special Initiatives: Auditorium Shores” webpage, http://www.austinparks.org/auditorium-shores.html, or contact Josh Strickland: (312) 506-6950; firstname.lastname@example.org.
Austin Board of REALTORS® releases real estate statistics for February 2014
AUSTIN, Texas – March 20, 2014 – Austin-area home sales and home prices hit an all-time high in February, according to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®. In February 2014, 1,761 single-family homes were sold in the Austin area, which is nine percent more than one year prior, and the median price for Austin-area homes was $230,530, an 11 percent gain from February 2013.
Bill Evans, 2014 President of the Austin Board of REALTORS®, explained, “The Austin-area housing market continues to be strong and home buyers remain aggressive. Sales are increasing year-over-year and rising home starts have begun to offset Austin’s shrinking housing inventory. These factors taken together make it look like we will have a great real estate year in 2014.”
A recent report from Metrostudy showed that Austin-area home starts hit a six-year high in 2013 and are on pace to exceed 2013 levels this year, which could replenish Austin’s housing stock with much-needed new homes. In February 2014, inventory remained at a historically low level of 2.0 months, compared to 2.6 months of inventory in February 2013.
Austin-area homes also continued to sell at an accelerated rate, spending an average of 55 days on the market in February 2014 and 16 days fewer than in 2013. The market also featured one percent fewer new listings, eight percent fewer active listings and five percent fewer pending sales in February 2014 compared to the prior year.
As Austin-area inventory remained unchanged and new and active listings decreased, home prices continued to rise. Average price also saw a double-digit increase, increasing 12 percent from February 2013 to $293,746. The total dollar volume in February 2014 was $517,286,706, a 21 percent increase from February 2013.
Evans concluded, “Austin needs to be aggressive in the promotion of housing development policies that contribute to a consistent, healthy increase of housing stock for all members of our community. Home starts are strong and the outlook for Austin-area home sales continues to be positive, and we need to provide safe, affordable housing options quickly in order to keep up with Austin’s continuing demand.”
February 2014 Statistics
- 1,761 – Single-family homes sold, nine percent more than February 2013.
- $230,530 – Median price for single-family homes, 11 percent more than February 2013.
- $293,746 – Average price for single-family homes, 12 percent more than February 2013.
- 55 – Average number of days single-family homes spent on the market, 16 days fewer than February 2013.
- 2,544 – New single-family home listings on the market, one percent fewer than February 2013.
- 4,724 – Active single-family home listings on the market, eight percent fewer than February 2013.
- 2,118 – Pending sales for single-family homes, five percent fewer than February 2013.
- 2.0 – Months of inventory* of single-family homes, 0.6 months less than February 2013.
- $517,286,706 – Total dollar volume of single-family properties sold, 21 percent more than February 2013.
The following sections describe trends in other sectors of the Austin real estate market.
Townhouses & Condominiums
The number of townhouses and condominiums (condos) purchased in the Austin area in February 2014 was 217, which is 26 percent more than February 2013. In the same time period, the median price for condos and townhomes was $207,000, which is 11 percent more than the same month of the prior year. When compared to February 2013, these properties spent 26 percent less time on the market at an average of 50 days.
In February 2014, a total of 1,206 properties were leased in Austin, which is five percent more than February 2013. The median price for Austin-area leases was $1,400, which is six percent more than the same month of the prior year.
Orginal Article Posted by the Austin Board of Realtors-Abor.com
The Greater Austin Chamber of Commerce posted an analysis of jobs and the Austin economy today. Here are some highlights:
· Austin has the fastest rate of job growth and the second lowest unemployment rate among large U.S. metros
· Even though the Austin MSA is the 35th in size, it created one of the largest increases in number of jobs with 37,700 new jobs created in the last 12 months, beating San Francisco and Orlando
· Among the 100 largest metros, Austin also has the fastest rate of job growth over the last 5 years (15%) and the last 10 years (35%)
· In Austin, two industries, professional and business services and leisure and hospitality, have seen the fastest rates of job growth (7.0% and 10.1% respectively), and together account for half of the 37,700 jobs created in Austin in the last 12 months
· Austin's unemployment rate, at 4.7% in January, is the second lowest among the top 50 metros
Orginal Article posted by Austin Chamber of Commerce by Dave Porter
Compliments of: Francie Little | Austin Portfolio Real Estate | 512.468.5753