Northwest Austin Edition | July 2021

NORTHWEST AUSTIN EDITION

2021 R E A L E S T A T E E D I T I O N

ONLINE AT

VOLUME 15, ISSUE 6 JULY 24AUG. 27, 2021

Sky-high real estate

drives urban sprawl

The Northwest Austin median home price in June was $595,000 , a 42.8% INCREASE from last year and $20,000 higher than the citywide median price.

IMPACTS

6

SOURCE: AUSTIN BOARD OF REALTORS COMMUNITY IMPACT NEWSPAPER

INSIDE

16

TODO LIST

9

Four Points bypass lane opens

TRANSPORTATION UPDATES

11

REAL ESTATE EDITION 2021

MARKET AT A GLANCE

13 15

Construction is underway on this house in the Quail Hollow neighborhood in North Austin. Recent real estate market data shows new homes are selling at a median price of over $600,000 this year in Northwest Austin. (Iain Oldman/Community Impact Newspaper)

GUIDE

SUPPORT YOUR LOCAL J OURNALISTS

COMMUNITY IMPACT PATRON PROGRAM

Want to learn more? Scan the QR code to watch our video.

DONATE TODAY! COMMUNITYIMPACT.COM CIPATRON

Delivering more advanced care for moms and babies in Central Texas Only in Austin. Only at Dell Children’s.

Dell Children’s Medical Center and Ascension Seton, in collaboration with UT Health Austin, are expanding to deliver even more advanced and specialized maternity and fetal care in Central Texas. Now more than ever, you have access to the highest level of care, close to home.

New Comprehensive Fetal Care Center It’s the only center of its kind in Central Texas — connecting the dots across specialized pediatric care and bringing together a highly skilled and multidisciplinary team to deliver advanced care for the most complex prenatal and fetal conditions. Now Open — Specialized Delivery Unit For the first time in Austin, moms and babies diagnosed with fetal conditions can receive care during pregnancy, delivery and beyond — all in one location. The new state-of-the-art labor and delivery unit inside Dell Children’s provides direct access to pediatric specialists and care teams for babies, when more care is needed. Appointments are available. To schedule, call 512-886-6157 or visit PartnersInCare.Health/Fetal-Care

© Ascension 2021. All rights reserved.

START YOUR DAY WITH IMPACT

Sign up to get unbiased, relevant and web-exclusive content delivered straight to your inbox!

SIGNUP TODAY!

COMMUNITYIMPACT.COM�NEWSLETTER

2

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

Curious what’s selling in your neighborhood? Scan me

ACTIVE

SOLD OVER ASKING

PENDING

PENDING

realtyaustin.com/p/8502408

realtyaustin.com/p/6535089

realtyaustin.com/p/1529410

realtyaustin.com/p/9232122

$1,450,000

$899,000

$865,000

$850,000

4 bds

3.5 ba 4,604 sq ft

3 bds

2.5 ba 2,523 sq ft

3 bds

2.5 ba 2,320 sq ft

5 bds

4 ba

4,277 sq ft

5911 Rising Hills Dr, Austin, TX 78759 Brad Brown | 512-797-0626

5703 Rising Hills Dr, Austin, TX 78759 Betty England | 512-619-3040

6305 Heron Dr, Austin, TX 78759 Kristin Kreisel | 512-560-5297

9613 Corbe Dr, Austin, TX 78726 Peter Van Kooij | 512-903-5455

SOLD OVER ASKING

PENDING

SOLD OVER ASKING

PENDING

realtyaustin.com/p/4061219

realtyaustin.com/p/3541429

realtyaustin.com/p/4248201

realtyaustin.com/p/2419504

$780,000

$725,000

$715,000

$615,000

4 bds

2.5 ba 2,507 sq ft

4 bds

2.5 ba 2,183 sq ft

3 bds

2 ba

1,689 sq ft

4 bds

3 ba

3,016 sq ft

10700 Callanish Park Dr, Austin, TX 78750 Susan Patterson | 512-850-4411

6100Waldon Holw, Austin, TX 78750 Ruth and Evonne Team | 512-964-3434

11810 Charing Cross Rd, Austin, TX 78759 Charlotte Hair | 512-565-4703

8003 Castle Peake Trl, Austin, TX 78726 Betsy Gallagher | 512-431-8265

SOLD OVER ASKING

ACTIVE

SOLD OVER ASKING

SOLD OVER ASKING

realtyaustin.com/p/2416719

realtyaustin.com/p/8917657

realtyaustin.com/p/1550267

realtyaustin.com/p/2164281

$600,000

$599,000

$595,000

$550,000

4 bds

2.5 ba 2,339 sq ft

3 bds

2 ba

1,944 sq ft

3 bds

2 ba

2,126 sq ft

3 bds

2 ba

1,875 sq ft

11946 Dorsett Rd, Austin, TX 78727 Winona Barron | 512-461-6816

9518 Topridge Dr #9, Austin, TX 78750 Maricruz Acuna | 512-504-6054

12400 Bluestone Cir, Austin, TX 78758 Bailey Robb Group | 512-900-5775

11412 Pradera Dr, Austin, TX 78759 Hume Rost Group | 512-804-8737

House Hunting Just Got Easier Zero in on your home search by creating easy-to-access property collection folders on RealtyAustin.com. • Search by neighborhood, school district, price range, or zip code • Share your new findings with multiple co-buyers and your agent • Write comments on why you like the home listing

Scan the QR code to view homes and create a collection today >>

3

NORTHWEST AUSTIN EDITION • JULY 2021

SENIOR LIVING REIMAGINED

Come see the possibilities—

Mark S.

austincc.edu

APPLY FOR FALL CLASSES TODAY

from dining and stylish amenities to wellness and personalized care. THE PREMIER ADDRESS I N RE T I REMENT L I V I NG

I N M A I L B O X E S T H I S A U G U S T EDUCATION EDITION

Lunch & Learn Thursday, August 19 th • 11:30am Join us for an informative presentation about the vibrant lifestyle offered at our community. Afterwards, enjoy a tour followed by a delicious chef-prepared lunch. To make a reservation, please call 512.361.2074 .

INDEPENDENT & ASSISTED LIVING, MEMORY CARE AND REHABILITATIVE SERVICES

LOCAL BUSINESSES: CONTACT US FOR ADVERTISING

MaravillaAtTheDomain.com 11001 Austin Lane, Austin, TX 78758 512.361.2074

PRINT

DIGITAL

DIRECT MAIL

Located in The Domain at Austin Lane (formerly Newman Drive) & Kramer Lane

�866� 989�6808 � COMMUNITYIMPACT.COM�ADVERTISE

FACI L I TY ID #110291

EQUAL HOUSING OPPORTUNI TY

4

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

THIS ISSUE

ABOUT US

Owners John and Jennifer Garrett launched the rst edition of Community Impact Newspaper in 2005 with three full-time employees covering Round Rock and Pugerville, Texas. We have expanded our operations to include hundreds of employees, our own printing operation and over 30 hyperlocal editions across three states. Our circulation is over 2 million residential mailboxes, and it grows each month with new residents and developments.

HIGHLIGHTS FROMTHISMONTH

FROMPHYLLIS: If you know a friend in the market who is buying an area home, send them treats and lend them an ear—they are really going through it right now and need support. This month’s Real Estate Edition shares more about Austin’s o-the-chart home prices and what buyers are experiencing, along with a deep dive on Northwest Austin’s out-of-sight sales statistics. Yep, July’s weather is hot, but home sales are on re! Phyllis Campos, GENERALMANAGER

Community Impact Newspaper teams include general managers, editors, reporters, graphic designers, sales account executives and sales support, all immersed and invested in the communities they serve. Our mission is to build communities of informed citizens and thriving businesses through the collaboration of a passionate team. Our core values are Faith, Passion, Quality, Innovation and Integrity.

FROMGREG: A factor in the drive to ever-higher prices for Northwest Austin homes is the lack of supply. Read about planned development (see Page 17) that will bring multifamily apartments and storefronts to Parmer Lane. Greg Perliski, EDITOR

Our purpose is to be a light for our readers, customers, partners and each other.

WHATWE COVER

Sign up for our daily newsletter to receive the latest headlines direct to your inbox. communityimpact.com/ newsletter DAILY INBOX Visit our website for free access to the latest news, photos and infographics about your community and nearby cities. communityimpact.com LIVE UPDATES

MARKET TEAM GENERAL MANAGER Phyllis Campos EDITOR Greg Perliski SENIOR REPORTER Iain Oldman GRAPHIC DESIGNER Mel Stea ACCOUNT EXECUTIVE Taylor Stover METRO LEADERSHIP PUBLISHER Travis Baker MANAGING EDITOR Amy Denney

BUSINESS &DINING Local business development news that aects you

TRANSPORTATION &DEVELOPMENT Regular updates on area projects to keep you in the know

SCHOOL, CITY & COUNTY We attend area meetings to keep you informed

ART PRODUCTIONMANAGER Haley Grace CORPORATE LEADERSHIP GROUP PUBLISHER Traci Rodriguez EXECUTIVE EDITOR Joe Warner CREATIVE DIRECTOR Derek Sullivan SALES &MARKETING DIRECTOR Tess Coverman CONTACT US 16225 Impact Way, Ste. 1, Pugerville, TX 78660 • 5129896808 PRESS RELEASES [email protected] SUBSCRIPTIONS communityimpact.com/subscriptions © 2021 Community Impact Newspaper Co. All rights reserved. No reproduction of any portion of this issue is allowed without written permission from the publisher.

HOWWE’RE FUNDED

Join your neighbors today by giving any amount to the CI Patron program. Funds support our PATRON PROGRAM

ADVERTISING

Our local teams customize advertising

campaigns for all business sizes and industries wanting to reach their customer base and accomplish their goals. A third-party Readex survey proved 78% of paper recipients read three of the last four editions, and from what they read, 83% “took action” of some kind. We ask our readers to thank our advertisers by shopping locally.

$20 average donation choose to give monthly 35% edition newsletter called The InCIder and occasionally reach out with other opportunities to directly engage. hyperlocal, unbiased journalism and help build informed communities. As a thank you, we’ll include you in a special Saturday

communityimpact.com

facebook.com/impactnewsnwa

@impactnews_nwa

Proudly printed by

COMMUNITYIMPACT.COM ADVERTISING

COMMUNITYIMPACT.COM CIPATRON

BRUNCH | LUNCH | HAPPY HOUR | DINNER

$10 OFF ORDERS OF $75 OR MORE 10000 RESEARCH BLVD | JULIET�AUSTIN.COM/MENU Must mention ad. Excludes alcohol. Locally owned and operated

5

NORTHWEST AUSTIN EDITION • JULY 2021

IMPACTS

Businesses that have recently opened or are coming soon, relocating or expanding

4

10

W. LOUIS HENNA BLVD.

45 TOLL

14

CEDAR PARK

18

PECAN PARK BLVD.

RIDGELINE BLVD.

19

21C

20

1325

2

21D

6

45 TOLL

183

Greenleaf Kitchen & Cocktails

5

LAKE CREEK PKWY.

COURTESY GREENLEAF KITCHEN & COCKTAILS

POND SPRINGS RD.

35

to make plant-based dining choices along the way. www.projectpollo.com 12 Hyatt Place Austin-Lake Travis/Four Points opened June 9 at 7300 N. RM 620, Austin. The new hotel features 95 guest rooms, a 1,798-square-foot event space, outdoor pool, tness center and onsite dining and bar. 512-369-3120. www.hyattplace.com 35 13 Food truck Banh Mi 8 opened late June at 9710 N. Lamar Blvd., Austin, in the parking lot attached to China Spice Chinese Restaurant. Banh Mi 8 serves Vietnamese dishes such as hu tiu go and oers covered outdoor seating. 512-676-0407. 14 A second Cedar Park location of Raising Cane’s opened June 29 at 2920 S. Lakeline Blvd., Cedar Park, near the Lakeline Mall. The restaurant replaced the PDQ restaurant that closed in 2019. This is the 10th Austin-area location. The rst Cedar Park location opened in 2012 on East Whitestone Boulevard. 15 St. David’s CareNow Urgent Care in August is opening a Gateway-area clinic. This new location at 10001 Research Bou- levard, Ste. 100, Austin, will oer services covering family care, urgent care, medical tests and occupational medicine services. 888-868-2104. www.stdavids.com 16 The Museum of Ice Cream an- nounced July 8 it is opening its third location worldwide inside The Domain this August. Visitors at the Museum of Ice Cream, located at 11506 Century Oaks Terrace, Ste. 128, Austin, can get a Shirley Temple soft serve inside a retro-style diner and ride on a life-sized animal cook- ie. The museum further features a pool lled with candy sprinkles, complete with a slide. Tickets are on sale through the end of September. www.museumocecream.com 17 Lucchese Bootmaker is opening a pop-up store inside The Domain later this fall. The pop-up store, to be located at the corner of Century Oaks Terrace and Rogers Road, will sell high-end Western footwear from the Lucchese warehouse. www.lucchese.com 18 A four-story apartment complex called Auro Commons is coming to the La Frontera area in 2021. The apartment community is under construction at Louis Henna Boulevard just west of its inter- www.raisingcanes.com COMING SOON

620

1

9

MOPAC

NORTHWEST AUSTIN

SPICEWOOD SPRINGS RD.

MOPAC

183

8

CENTURY OAKS TERRACE

16

3

7

12

17

WALNUT CREEK PARK

2222

ROGERS RD.

15

21A

360

21B

21E

SPICEWOOD SPRINGS RD.

2222

13

11

CAPITAL OF TEXAS HWY.

35

10

N TM; © 2021 COMMUNITY IMPACT NEWSPAPER CO. ALL RIGHTS RESERVED.

W. ANDERSON LN.

MAP NOT TO SCALE

NOWOPEN 1 Spartan Pizza in late June opened its second location at 7318 McNeil Drive, Ste. 109, Austin. The restaurant dishes out specialty, hand tossed pizza along- side sandwiches served on house-made focaccia. Spartan Pizza is open for dine-in with take-out and delivery op- tions. 512-362-8842. www.spartanpizzaaustin.com 2 Chicken and breakfast spot Rolling Rooster in June opened a new location at 11416 RM 620, Austin. This is Rolling Rooster’s second Northwest Austin location, with another restaurant in the Wells Branch area. The restaurant oers a menu featuring southern and soul food classics such as chicken and waes, fried okra and grits. www.therollingrooster.com 3 New eatery Tabarek opened late May at 12410 N. Lamar Blvd., Austin. The food truck serves traditional Iraqi plates such as dulma, kebab and perda pilaw. 737-262-6050. www.tabarekidf.com 4 Regios Tacos al Vapor in May opened its second Austin location at 10001 W. Parmer Lane, Austin. The restaurant serves Mexican dishes, including tacos

Tlaquepaque, tacos al vapor and quesa- dillas. www.regiostacosalvapor.com 5 Eternal Peace Funeral Services opened March 1 at 16912 N. I-35, Austin. Eternal Peace oers funerals, memorial services and other funeral needs as well as oering burial, cremation and mortu- ary services. 512-375-4250. www.eternalpeacefuneral.com 6 Food truck Taquitos y Mas opened early June at 12202 N. RM 620, Austin. Taquitos y Mas serves breakfast and lunch dishes including tacos, tortas, tamales and fajitas. 512-773-3616. https://taquitos-y-mas.business.site 7 Nike by Domain Northside opened early July. The storefront, located at 11600 Rock Rose Ave., Ste. 128, Austin, is a new concept from the international sneaker and clothing brand, according to the Domain Northside website. This Nike store will be a “lab-like space” to test new services and products. 512-215-4130. www.nike.com 8 Seafood restaurant El Coco Pirata opened May 30 at 8300 N. RM 620, Ste. M100, Austin. El Coco Pirata serves classic Sinaloan seafood dishes alongside sushi, cold seafood dishes and signature cock- tails in a vibrant restaurant experience with mariachi bands and other live music.

512-717-4860. www.elcocopirata.com 9 Nationwide chain Smoothie King opened a new location at 13096 Research Blvd., Ste. A, Austin. The store, which opened in May, serves smoothies made with fresh fruit and nutrition additives. 214-555-1212. www.smoothieking.com 10 New restaurant concepts— Green- leaf Kitchen & Cocktails and Camile Thai Kitchen —opened early July at Kitchen United Mix at 8023 Burnet Road, Austin. Greenleaf is a California-based restaurant group with a health-conscious menu featuring bowls and salads as well as a seasonal menu with special items. Camile Thai Kitchen serves traditional Thai dish- es, including noodles, curry dishes and stir-fry plates. Both Greenleaf and Camile Thai Kitchen oer vegan and dairy-free options to customers. www.greenleafchopshop.com www.camile.ie 11 Vegan chicken fast-food chain Project Pollo in July opened a second Austin location at 2438 W. Anderson Lane, Austin, on June 22. Project Pollo’s menu includes loaded papas, credo cashew que- so and vegan chicken and burgers. Owner Lucas Bradbury has a goal to open 100 restaurants by 2024, encouraging people

6

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

COMPILED BY IAIN OLDMAN

14

16

Raising Cane’s

Museum of Ice Cream

COURTESY RAISING CANE’S

COURTESY MUSEUM OF ICE CREAM

Austin’s Asian American Resource Center announced it has selected an architecture rm to handle the design phase of its upcoming expansion.

section with FM 1325. It is slated to bring 256 housing units reserved for residents at 60% or below area median income. www.providentrealty.net 19 A luxury apartment community called Broadstone La Frontera will open this summer at 16304 FM 1325, Austin. Broadstone will oer one-, two- and three-bedroom units with private yard op- tions and amenities. Preleasing is available now for move-in late July or early August. 844-363-8398. www.centeratgattis.com RELOCATIONS 20 D-BAT Cedar Park , an indoor baseball and softball training facility, is relocating its facility near Lakeline Mall at 12617 Ridgeline Blvd., Austin. The facility will have more batting cages and pitching tunnels and begin personal

training and strength and conditioning classes. It was previously at 1202 BMC Drive, Ste. 800, Cedar Park. www.dbatcedarpark.com IN THE NEWS 21 Washington Prime Group Inc. an- nounced June 15 that it and its subsidiar- ies will be ling voluntary petitions for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas. This ling is not expected to impact daily operations of the properties owned by Washington Prime Group Inc. The real estate trust owns several proper- ties in Northwest Austin, including A the Arboretum, B the Shops at Arbor Walk, C Lakeline Plaza, D Lakeline Vil- lage and E Gateway Shopping Centers. www.washingtonprime.com

COURTESY ASIAN AMERICAN RESOURCE CENTER

FEATURED IMPACT COMMUNITY The Asian American Resource Center announced July 6 that Trahan Architects has been selected to design an upcoming expansion of its facilities. The upcoming expansion at the AARC includes plans to build a new 200- to 400-seat performance theater. Trahan will handle the design phase of the planned expansion, which is expected to last about two years with an estimated construction start date in fall 2023.

The expansion is funded by $7 million of bond funds from the 2018 city of Austin bond election. 8401 Cameron Road, Austin 512-974-1700 www.austintexas.gov/department/ asian-american-resource-center

35

183

N

Lifewithout fibroids is just better. It’s time for a change. Uterine fibroid embolization (UFE) is a nonsurgical , outpatient procedure that shrinks fibroids and makes symptoms disappear, so you can enjoy life free of fibroid discomfort. pain, and mess.

UFE for FIBROIDS CONTACT THE EXPERTS

AT ARA NOW! (512) 467-9729 ausrad.com/ufe

7

NORTHWEST AUSTIN EDITION • JULY 2021

Join us for an Open House! Tuesday, July 27 (9 a.m.–5 p.m.)

Challenger School offers uniquely fun and academic programs for preschool to eighth grade students. Our students learn to think for themselves and to value independence.

Avery Ranch (PS–8) (512) 341-8000 15101 Avery Ranch Boulevard, Austin Round Rock (PS–K) (512) 255-8844 1521 Joyce Lane, Round Rock Spicewood Springs (PS–K) (512) 258-1299 13015 Pond Springs Road, Austin

© 2021, Challenger Schools Challenger School admits students of any race, color, and national or ethnic origin.

An independent private school offering preschool through eighth grade

It’s almost time for school and heading back to the office! Back to School and Work Checklist: Are you fully vaccinated before heading back to school and work? It’s safe and easy! Have you encouraged your family, friends and co-workers to get vaccinated? Let them know how much you care. Do you know where to get your vaccines? Visit austintexas.gov/covid19 or vaccines.gov/ Have plans with family and friends? Stay safe getting your vaccines, you don’t want to miss all the fun.

To find a vaccine near you, visit vaccines.gov or call 3-1-1 NO APPOINTMENT NO COST NO I.D. NO INSURANCE

8

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

TODO LIST

July-August events

COMPILED BY IAIN OLDMAN

JULY 29 CHAMPAGNE PARTY AT CRU Wine bar Cru in The Domain hosts Nicolas Feuillatte, a champagne maison, for an exclusive tasting of bubblies. Attendees will taste three selected champagnes, as well as a limited edition Sakura Rosé, all paired with small plates. 5:30-7:30 p.m. $35. Cru – A Wine Bar, 11410 Century Oaks Terrace, Ste. 104, Austin. 512-339-9463. www.cruwinebar.com 29 GOLD CUP SEMIFINAL AT Q2 STADIUM North Austin’s new soccer stadium is set to host its rst-ever competitive international tournament match. Concacaf selected Q2 Stadium as the home of one of the Gold Cup semi-nal matches. The Gold Cup is a tournament held every two years featuring teams from North America, Central America and the Caribbean. 6:30 p.m. Ticket prices vary. Q2 Stadium, 10414 McKalla Place, Austin. www.concacaf.com/gold-cup AUGUST 07 THROUGH08 WATERMELON FESTIVALWEEKEND AT TEXAS FARMERS’ MARKET Texas Farmers’ Market is hosting a watermelon festival at its Lakeline (Aug. 7) and Mueller (Aug. 8) locations. The farmers’ market organization will share recipes for using watermelons leading up to the event, and visitors get a free slice of Texas-grown watermelon the day of the event. Times vary. Free. Texas Farmers’ Market at Lakeline, 11200 Lakeline Drive, Cedar Park; Texas

AUG. 13 14

CEDAR PARK RODEO HEB CENTER AT CEDAR PARK

AUG. 14

AUSTIN PRIDE DOWNTOWN AUSTIN

Farmers’ Market at Mueller, 2006 Philomena St., Austin. www.texasfarmersmarket.org 07 ANDAUG. 21 SUMMERMOVIE NIGHT AT THE ARBORETUM Families are invited to enjoy outdoor screenings of movies on the lawn at the Arboretum in Northwest Austin. Attendees are asked to bring their own blankets to screenings. Films scheduled include 1994’s iconic cartoon “The Lion King” and romantic comedy “13 Going on 30”. The Arboretum, 10000 Research Blvd., Austin. 512-338-4755. www.thearboretum.com The Cedar Park Rodeo returns with two nights of professional events. Programming includes bull riding, calf roping and more. Times vary. $10-$29. H-E-B Center at Cedar Park, 2100 Avenue of the Stars, Cedar Park. 512-600-5000. www.hebcenter.com

The Capital City’s pride parade and festival are back in 2021 to celebrate Austin’s lesbian, gay, bisexual, transgender and queer community. The pride festival is open to people of all ages. The free parade begins at 8 p.m. www.austinpride.org

11 THROUGH 12

FLY FISHING FILMTOUR BENEFITING

COLORADO RIVER CLEANUP North Austin brewery Oskar Blues is holding a charity screening of a series of y shing lms this August. The 15th annual Fly Fishing Film Tour is a nationwide series of story-driven lms about shing. Proceeds from this event go to benet Clean Up the Colorado, a nonprot environmental group focused on protecting the Colorado River around Austin. 5:30 p.m. $25. Oskar Blues, 10420 Metric Blvd., Austin. 512-243-7054. www.ylmtour.com

Find more or submit Northwest Austin events at communityimpact.com/event-calendar. Event organizers can submit local events online to be considered for the print edition. Submitting details for consideration does not guarantee publication.

Keep your child protected with vaccines Book a daytime, evening, or weekend well-check* Get a full picture of your child’s health Discuss learning and behavioral questions Complete camp & sports paperwork *Extended hours vary per clinic, visit ARCpediatrics.com for full details. Book today at ARCcheckup.com • • • • • CHECK IN FOR A CHECKUP

9

NORTHWEST AUSTIN EDITION • JULY 2021

Joyful, Academically Excellent Schools in Your Community Escuelas alegres y académicamente excelentes en su comunidad

CALL 512-886-4729 FOR A FREE ESTIMATE ON REPLACEMENT

CALL US! IF YOUR AC IS OVER 10 YEARS OLD…

TRUE $ 39 * AC Service Call Home of the

LIMITED SEATS STILL AVAILABLE FOR GRADES PRE-K – 12 LOS ASIENTOS LIMITADOS AÚN ESTÁN DISPONIBLES PARA LOS GRADOS PRE-K – 12

Sweet deals on new ACs!

0% FINANCING

Tuition-Free Public Schools Escuelas públicas gratuitas

Free Breakfast and Lunch For All Desayuno y almuerzo gratis Free Breakfast and Lunch For All Desayuno y Almuerzo Gratis para Todos

Extracurricular Activities Actividades extracurriculares

Free Bus Transportation Transporte escolar gratis

TACLB 26116E Call 512-886-4729 Today! www.coolmenow.com *Offers subject to change without notice. C o plete details. Cannot be combined. Financing with approved credit. ffers expire 8/15/2021. *Offers subject to change without notice. Call for complete details. Cannot be combined. Financing with approved credit. Offers expire 7/4/2021.

ENROLL TODAY • INSCRÍBETE HOY • WWW.KIPPTEXAS.ORG

The Mobility Authority is building new connections for Williamson County.

Central Texas’ explosive growth is driving the need for proactive congestion relief. The 6.6-mile extension of the 183A Toll Road into Liberty Hill will ensure continued, reliable mobility for years to come. We build more than roads. We build connections that enhance quality of life and economic vitality across Central Texas.

183A.com

10

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

TRANSPORTATIONUPDATES

COMPILED BY IAIN OLDMAN

Milestonemet as Four Points bypass partially opens Nearly two years after local ocials broke ground on the project, the rst section of a bypass road from RM 620 to RM 2222 is now open to trac. The Texas Department of Transpor- tation said in a July 19 news release the northbound portion of the new bypass road is now open for use by the public. Vehicles driving north- bound on RM 620 can now use the bypass to access eastbound RM 2222. The southbound section of the bypass road will open at an unspec- ied later date, according to TxDOT. Bradley Wheelis, public information ocer for TxDOT, said crews need to re-strip and install a turn bay for southbound RM 620 trac before the southbound bypass lanes can open. Final work on the project is expected to nish by early 2022. The bypass road cuts south of the existing RM 620 and RM 2222 intersection, just north of Steiner Ranch Boulevard, and will work to draw trac ow away from the northernmost intersection. The new bypass intersects with RM 2222 near River Place Boulevard. A 2020 TxDOT study estimated that travel times could decrease by as much as 60% with improvements that include the new bypass. In an email to Community Impact Newspaper , Wheelis stated TxDOT anticipates more than 36,000 drivers will use the bypass on an average daily basis once both directions of the roadway open. The state projects that number to increase to 54,300 average daily drivers by 2038.

TEXAS COUNTIESWITH MOSTFATAL TRAFFIC INCIDENTS, 201719

A recent report found that Travis County had the fth-highest number of trac fatalities statewide from 2017-19. SOURCE: MONEYGEEKCOMMUNITY IMPACT NEWSPAPER

Upgrades for pedestrians and cyclists are done on Parkeld Drive. (Iain Oldman/ Community Impact Newspaper)

KEY

Fatal accidents

Deaths

Drunken driving deaths

1,500

From 2017-19, 25%OFALL FATAL ACCIDENTS INTEXAS were due to drunk driving .

ONGOING PROJECTS

1,200

900

600

PARKFIELD DR.

183

300

N

0

Harris County

Dallas County

Bexar County

Tarrant County

Travis County

Parkeld Drive improvements City crews nished pedestrian and bicycle safety improvements from Rundberg Lane to Payton Gin Road in late June. The city will next build pedestrian crossing islands nearby. Timeline: May-late summer 2021

Report nds stretch of I35 throughNorth Austin among Texas’ deadliest roads

A recent review of fatal car crashes across Texas found a 4-mile stretch of I-35 in North Austin is the fourth-deadliest road in Texas. Financial analysis company Mon- eyGeek in late June published its Texas Fatal Accident Study, which the company composed by examin- ing more than 10,000 fatal crashes across the state from 2017-19. According to the report, there were 14 fatal incidents on I-35 from the interchange at US 290 to the Yager Lane exit, equaling 3.1 fatal incidents per mile. That made that stretch of I-35 through North Austin the fourth most deadly roadway in Texas, and

the only road in Austin among the 10 deadliest roads in the state, per the report. Travis County had the fth most fatal trac incidents from 2017-19 of all counties in Texas, with 337 incidents resulting in 357 deaths, the report found. In that timespan, 36 fatal crashes occurred on I-35, making it the most deadly road in Austin. Drunken driving crashes accounted for more than one-fth of crash-related deaths in Travis County. Statewide, approximately 25% of the 10,137 fatal incidents from 2017-19 were because of drunken driving, according to MoneyGeek.

RIVER PLACE BLVD.

2222

RIBELIN RANCH RD.

N

ALL INFORMATION ON THIS PAGE WAS UPDATED AS OF JULY 19. NEWS OR QUESTIONS ABOUT THESE OR OTHER LOCAL TRANSPORTATION PROJECTS? EMAIL US AT NWANEWSCOMMUNITYIMPACT.COM. RM 2222 improvements Trac was moved to the south side of RM 2222 in early July. State crews are working on excavation and road reconstruction from River Place Bou- levard to the upcoming bypass. Timeline: winter 2018-summer 2021

WE’RE ON THE ROADS AGAIN! Austin Public Works will be

improving hundreds of streets this summer.

Visit austintexas.gov/streetmaintenance to see if your street is scheduled to be resurfaced.

11

NORTHWEST AUSTIN EDITION • JULY 2021

Local Ownership. Premium Appliances. Immaculate Showrooms . At Harway Appliances we provide the highest quality home appliances to builders, remodelers, designers and homeowners (and have for over 29 years). Come explore our amazing showrooms in Bee Cave and north Austin, featuring more than 30 leading brands and professional installation. You’ll be greeted by the best and most experienced folks in the business.

CENTRAL: 2209B RUTLAND DR. #100, AUSTIN, TX 78758 (512) 491 7600 BEE CAVE: 12400 HWY 71 STE 600, BEE CAVE, TX 78738 (512) 980 0430

CALL TODAY FOR AN APPOINTMENT.

12

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

2021 R E A L E S T A T E E D I T I O N MARKET AT AGLANCE

COMPILED BY GREG PERLISKI

Northwest Austin comprises six ZIP codes that extend from I-35 in the east to just beyond Four Points in the west. From June 2019 to May 2021, home prices have increased as the pace and volume of sales have accelerated. Homes

45 TOLL

NORTHWEST AUSTIN

78729

620

183

78726

78727

in the North Austin Civic Association, Gracywoods and Quail Hollow have seen the largest increase in prices. SOURCE: AUSTIN BOARD OF REALTORSCOMMUNITY IMPACT NEWSPAPER

78759

MOPAC

35

78750

2222

78758

360

AVERAGE HOME SALES PRICE June 2019-May 2020 June 2020-May 2021

N

78726

78727

78729

$491,421 $580,000

+15.76% $358,500 $415,000

+18.77% $343,000 $407,391

NUMBER OF HOMES SOLD June 2019-May 2020 June 2020-May 2021

+18.03%

129

78759

+40.31%

78750

78758

181

+18.03% $474,450 $560,000

+22.04% $419,950 $512,500

+22.95% $305,000 $375,000

284

+31.69%

374

266

AVERAGE DAYS ON THEMARKET

+7.14%

285

June 2019-May 2020 June 2020-May 2021 50

392

+18.11%

40

463

30

316

+26.27%

20

399

10

0 78726 -40.42%

-16.67%

-31.25%

-48.28%

-25%

-28%

456

+14.91%

524

78727

78729

78750

78758

78759

TRAVIS COUNTY WANTS TO DO BUSINESS WITH YOU Travis County Purchasing Office is located at 700 Lavaca Street Suite 800 Austin, Texas 78701 Phone: 512 854-9700

Your Austin area source for fabulous fabrics and trims, custom window treatments, upholstery, and custom bedding.

WE ARE CURRENTLY OPEN BY APPOINTMENT ONLY. PLEASE CALL OR EMAIL TO SCHEDULE YOUR APPOINTMENT. 512�331�7503 • INFO�PLUSHHOMEFABRIC.COM

Visit our website for current solicitations. https://www.traviscountytx.gov/purchasing

12332 RR 620 NORTH | AUSTIN, TX 78750 512.331.7503 | PLUSHHOMEFABRIC.COM

RIDGELINE DR.

620

183

13

NORTHWEST AUSTIN EDITION • JULY 2021

REAL ESTATE NEWS

2 0 2 1 R E A L E S T A T E E D I T I O N

Newdevelopments to add thousands of apartments toParmer Lane

West of the upcoming EastVillage site, work is now underway on a development that will deliver storefronts, a hotel and hundreds of apartments. Developer Ly & Nguyen LLC broke ground June 18 on Parmer Village, a planned mixed-use development located on a 19-acre site at 900 E. Parmer Lane, Austin, near the corner of Parmer and Harris Ridge Boulevard. According to a news release from project manager Matador Project Solutions, the 400,000-square-foot site includes plans for a 124-room Element Hotel by Marriott. The site will also feature a ve-story apartment complex, which will share an outdoor pool and amenity area with the Element Hotel. Parmer Village’s site plan further includes storefronts inside 11 buildings for restaurants, retail businesses and oce space.

BY JACK FLAGLER AND IAIN OLDMAN

Parmer Lane developments Two projects now under construction will add thousands of new apartments to northeast Austin.

Two mixed-use developments now under con- struction in northeast Austin will add new homes, hotels and businesses to the rapidly changing Parmer Lane corridor. Developers in early June broke ground on the $1 billion-plus EastVillage project. The 425-acre site is located at 3500 E. Parmer Lane, Austin, across from Samsung Austin Semiconductor. The EastVillage development is set to include 2,000 multifamily units and 466 single-family units. Plans for the site further include three hotels, a grocery store, a movie theater, a restaurant, retail and oce space, and a 150-acre woodland preserve. The project is scheduled for full completion by 2028, according to real estate investment rm Reger Holdings.

PARMER VILLAGE 284 multifamily units

35

HARRIS RIDGE BLVD.

DESSAU RD.

EASTVILLAGE 2,000 multifamily units 466 single-family units

N

SOURCES: MATADOR PROJECT SOLUTIONS, REGER HOLDINGS COMMUNITY IMPACT NEWSPAPER

NorthwestAustinsenior livingcommunity looks toopen itsdoors inJanuary2022

Bondsapproved for senior housing

CITY PARK RD.

CHAMPION GRANDVIEWWAY

BY IAIN OLDMAN

BY GREG PERLISKI

Texas Hwy., he said. “That will be an opportunity for potential residents and anyone interested to come in and look at the mockups and learn more about the community,” Lander said. The Reserve at Lake Austin, managed by Solera Senior Living, will have 120 units, ranging from studio to two-bedroom apartments. The community will have three main buildings, two of which will rise four stories. Multiple amenities, including ne dining and a lounge with views of nearby Cat Mountain, a salon, a pool and a secure outdoor memory garden, will be available to residents. The memory garden is designed as a safe space for those being treated

The Reserve at Lake Austin, a 109,843-square-foot senior living community under construction at 6401 RM 2222, is on schedule for a January 2022 opening, according to Jeremy Lander, executive director for The Reserve at Lake Austin. “We recently opened up the second entrance into the community o City Park Road,” Lander said. “Construc- tion continues to be on schedule for A welcome center for the commu- nity, which oers services for both independent and assisted living, will open in August at the San Clemente shopping center at 3600 N. Capital of what we are hoping will be a January 2022 opening date.”

The Williamson County Commis- sioners Court on June 15 voted to approve the issuance of tax-exempt multifamily housing revenue bonds not to exceed $50 million to fund the development of the Grand Avenue Flats. The Capital Area Housing Finance Corp. is issuing the bonds, and Grand Avenue Flats Ltd. is listed as the borrower. The bonds will not be a debt or liability to the county, according to backup documents. Grand Avenue Flats is located at 15701 FM 1325 in North Austin and Williamson County, according to county documents. The project will deliver 275 aordable multifamily units for senior residents.

360

2222

N

for dementia and receiving memory care, Lander said. For safety and optimal care, residents also will wear alert devices with GPS capability so their movements can be tracked by sta while moving about, Lander said.

FREE EVALUATIONS SATURDAY’S @ 12:30PM

WE’RE HIRING

FREE INFANT CLASSES AGES 6 MONTHS TO 12 MONTHS

WATERLOO WHEREVER • Free Tutorial Videos/Lesson Plans • Waterloo Programs get results! • Self-Paced • Lesson Equipment Available* • Virtual assistance by Master Instructors*

PROGRAMS AT WATERLOO • Swim Lessons • Kid and Teen Fitness • Adult Lessons / Masters

*FEES APPLY

14 12332 FM 620 NORTH � AUST IN � NEAR HWY 183 AND 45 TOLLROAD � WATERLOOSWIMMING.COM

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

GUIDE

Local businesses oer home improvement tips

2 0 2 1 R E A L E S T A T E E D I T I O N

HOME IMPROVEMENT COMPILED BY GREG PERLISKI

FOR SA L E

ASKA REALTOR

Laurie Flood is a Northwest Austin Realtor backed by Keller Williams Realty. She works with both home buyers and sellers.

ASKA FURNITURE EXPERT

SOME AUSTINAREA HOMEOWNERS HAVE RECEIVED TEXTS AND CALLS FROM INDIVIDUALS OFFERING TO PURCHASE THEIR HOMES. IS THIS A SCAM? WHAT IS THE TOP PRIORITY FOR SELLING IN TODAY’S MARKET? It’s not necessarily a scam because those people will buy their home (or know someone that will). Unfortunately, they are only looking for a ‘deal’ and have no intention of paying full market value for it. Now more than ever, sellers’ motivation should be doing everything they can to capture the highest sales price. Anything not over-priced sells quickly, but I’ve never seen such large sales price spreads between similar homes. Those homes that really capture the buyer’s attention get many oers and are bid up much higher than those that may only get one or two oers and sell for much less. Properly preparing the home, combined with excellent photography, staging and marketing can easily push the nal sales price up 10% over a similar home. HOW ACCURATE ARE MARKET ASSESSMENTS PROVIDED BY HOME INVENTORY WEBSITES AND PHONE APPS? HOW DO REALTORS WORK WITH INFORMATION LIKE THIS? Those assessments are further o than ever. In a very steady market those can usually be within 5%-10% of most home’s value. In this dynamic market, home prices are less predictable. If a home for sale gets ve competing oers, then the sales price is likely to be higher for a similar property that only received one oer. It’s not unusual to see 10% sales price dierences for similar properties. Computer algorithms can’t predict what caused the

disparity the way an experienced Realtor can. Realtors don’t spend too much time dealing with these automated values. It’s just raw data and an objective opinion. The home is where people spend most of their time and have a much more subjective value. An experienced Realtor can not only understand why one property may be more appealing to buyers than a similar property but they can also help the seller prepare their home in a way that will appeal to the most buyers. AUSTIN’S REAL ESTATE MARKET IS EXPERIENCING RECORD GROWTH, BUT ARE THERE WARNING SIGNS OF A “HOUSING BUBBLE” AT RISK OF BURSTING? WHAT ARE THE CONSEQUENCES OF THAT? There is always concern about a ‘bubble,’ but the cause of this run up—more people wanting homes than there are places for them to live, and builders unable to keep up with demand—is not going away anytime soon in fast-growing Austin. Because of this, I expect it to be more of a plateau of prices or slight drop as opposed to a major drop in prices. I recently looked at the last 30 years of Austin home prices and the largest year-over-year drop in prices we saw was just over 1%. This included the dotcom bubble and subprime real estate bubble, which were both signicant events in Austin. Because of the recent run up in prices, I expect to see a deceleration of prices going forward. Also, within the last week or so, there has been an increase in inventory in Northwest Austin like we have not seen in months—so there is a bit more for buyers to look at. The competition for available homes is still challenging, but it’s not as intense as it has been.

Brian Morgan is co-owner of three Austin’s Couch Potatoes and The Furniture Mall of Texas.

WHENBUYING FURNITURE, HOWSHOULD SOMEONE DETERMINE THEIR STYLE? Start with one piece and build out the room from there–sometimes we have a sentimental piece of furniture or a favorite chair, and that piece’s style can give you a springboard for the room. Another thought is to start with the largest piece– the sofa. Fall in love with the feel and look and then customize your size of the sofa or sectional. GIVEN THE ECONOMY, HOW FAR IN ADVANCE SHOULD SOMEONE PLAN THEIR FURNITURE PURCHASE? The whole world is moving to Austin, and that means demand is far outweighing supply. In addition, so many bottlenecks are aecting the manufacturing process of home furnishings–freight rates have tripled, foam shortages, soaring lumber prices, factories can’t get employees back to work, and ination rearing its ugly nose. At traditional furniture stores, plan to wait anywhere from 2 to 8 months for your furniture to arrive. For faster lead times, buy from locally-owned stores, and if possible, purchase furniture made in your own city–locally made furniture lead times are 4 to 6 weeks. HOWMUCH SHOULD SOMEONE INVEST IN A FURNITURE PIECE? WHAT IS THE HIGHEST PRIORITY WHEN DETERMINING PRICE POINT? A good rule of thumb is to match your current stage in life. For instance, if you are in college and in a temporary living situation, buy something that you can

ooad at the end of the semester. You don’t want to keep moving a sofa around and paying storage fees. Fifty-ve percent of Austinites live in apartments; they change their furniture every time they move. That’s becoming the norm. From $800-$1,200 is the average sofa spend on entry level furniture in our stores. If you spend less than that, expect short-term comfort and minimum quality. Highest priority when choosing price point is asking yourself the question “how long will I be keeping this sofa?” If you just bought a home, get it right; don’t settle for quick and cheap. You more than likely will be in that home for years, so invest in something that will be timeless and cater to the needs of those living under the roof rst—pets, kiddos, friends, fam. If you live under the roof you are decorating, don’t skimp on comfort and happiness. WHAT ARE SOME INNOVATIONS IN FURNITURE FABRICS? WHAT IS RIGHT FOR ME? My daughter is turning 5 this summer—we are getting a new puppy! So excited, but with that means new puppy messes. In addition to the kid messes and spills, sofas become art pieces, not to mention from my coee spills. We just ordered a sofa with a performance fabric. With this, we can unzip the cushions and throw them in the wash. We can spot clean with bleach even! This sofa is going to be a tank because we need to match the wear and tear it’s going to get with the strongest fabric on the market.

Laurie Flood Keller Williams Realtor 1215-8 Research Blvd., Ste. 100, Austin 512-576-1504 [email protected] www.laurieood.com

Brian Morgan Austin’s Couch Potatoes and The Furniture Mall of Texas co-owner 12901 N. I-35, Austin 512-886-1266 [email protected] www.thefurnituremall.com www.austincouches.com

183

35

N

N

15

NORTHWEST AUSTIN EDITION • JULY 2021

CONTINUED FROM 1

THE FLIGHT TO affordability Homes in the city of Austin surpassed the $500,000 median price point in 2021, and while rst-time home buyers or families looking for a more aordable house could traditionally look away from the city, data shows even the surrounding communities are following the same rapid price growth pattern. Appraisal district data for 2021 is preliminary and does not yet include the result of property owners’ protesting their appraisals.

CITY OF AUSTIN MEDIAN HOUSEHOLD INCOME

Residential value

13.07% INCREASE

$66,697

2016

TRAVIS COUNTY

WILLIAMSON COUNTY

$75,413

Total value: $200B $150B

2019*

INCREASE 58.03%*

*MOST RECENT YEAR AVAILABLE

AUSTIN/ROUND ROCK METRO MEDIAN Sales price

INCREASE 75.75%*

$100B $50B

40.26% INCREASE

$306,498

2018

$429,905

2021*

$0

*YEAR TO DATE AS OF MAY

2016 2020 2021

2016 2020 2021

DESIGNED BY RACHAL RUSSELL

SOURCES: AUSTIN BOARD OF REALTORS, HAYS CENTRAL APPRAISAL DISTRICT, TRAVIS CENTRAL APPRAISAL DISTRICT, U.S. CENSUS BUREAUCOMMUNITY IMPACT NEWSPAPER

*2021 VALUES ARE PRELIMINARY BECAUSE APPRAISAL DISTRICTS HAVE NOT YET PROCESSED APPEALS

this industry,” Boenig said. While Brohn Homes focuses on the outlying areas of Austin, Cody Carr’s family-owned business, Carr Residential, has been building new homes in Aus- tin since 2015. Carr said he has seen a lot of the same challenges, including a tripling of the price of lumber since before the pandemic. The company targets the $400,000-$1 million range for homes it builds, but Carr, who is also pres- ident of the Austin Inll Coalition, said it is becom- ing more and more dicult to stay in that range. A house Carr Residential could have built to sell in the high $300,000 range about ve years ago, he said, would cost $500,000 today. “I’m an Austinite. As an Austinite it’s dicult for me to watch the price of housing increase so dra- matically. My own friends and family are having trouble nding a place to live,” he said. Alternatives to single family Adrianne Craft, a real estate broker who is licensed with Keller Williams Realty, agreed buyers are having a truly dicult time nding homes. “A year ago, I would say that buyers could be a little bit pickier as far as the condition of a home goes,” Craft said. “A buyer may choose a house over another house because it doesn’t have carpet or it has white cabinets. … Whereas now, buyers are having to just concede on everything.” Craft added that every deal she has brokered this year has seen multiple oers for which homes are typically selling for 10%-20% over asking price. In addition to highlighting the current seller’s market, this is a situation that frequently does not favor rst- time buyers, especially those seeking single-fam- ily homes, which account for the vast majority of homes on the market at any given time, she said. One solution ocials in cities throughout the Greater Austin metro area have been examining over the last several years involves diversication of home types. Dan Parolek, CEO of Opticos Design, a California rm that helps collaborate on housing and com- munity issues, has given many presentations to city ocials throughout Central Texas from New Braunfels to Austin. Parolek’s presentations center on a concept called

That breakneck pace of price increases cannot last forever, ABoR president Susan Horton said. Eventually, she said she expects the price to return to some level of normalcy, although that could take years as supply catches up with demand. “The builders can’t build [homes] fast enough to get us where we need to be to accommodate the growth into the metropolitan area,” Horton said. ‘Perfect storm’ of construction challenges Even with demand potentially leveling o after the pandemic as individuals begin reprioritizing their spending habits, increasing supply remains dicult for many builders. Aaron Boenig is the co-president of Brohn Homes, a developer that focuses on homes that are in the price range for rst-time homebuyers. The company builds in areas less expensive than Austin such as Georgetown and San Marcos, but Boenig said it is increasingly dicult to build at a mid- range price point even in outlying areas. Land prices are one factor that is making it harder for developers to build aordable homes, but Boe- nig said buying the land is only one challenge. Long waits for building permit approvals, the jump in materials prices—especially lumber—and labor shortages are also aecting developers. Boenig called it a “perfect storm” that is restricting supply. In the Austin metro as of May, there were 0.5 months of inventory available, according to ABoR, a measure of how long it would take to sell all exist- ing properties on the market. A balanced market, according to Gaines, has about ve to seven months of inventory available. “I think this is unprecedented, the way builders are selling homes, I’ve never seen anything like it in

ACentral Texas seller’s market illuminatesnew trends for homebuyers

BY LAUREN CANTERBERRY, JACK FLAGLER & BRIAN RASH

Eric Bramlett has been a real estate agent in Cen- tral Texas for 18 years and said since the end of the 2008 economic recession, the local housing market has been consistently strong following regular sea- sonal patterns and holding relatively steady in total sales and price. But something happened around the middle of 2020 that pushed the market to take o, according to Realtors and economists. Due to the increase in telework brought on by the COVID-19 pandemic, they said, many employ- ees now working remotely moved in from other, more expensive, cities, no longer tied to their com- mutes. Locally, employees using their homes as oce space thought dierently about their needs. While unemployment levels reached the double digits nationwide, those who kept jobs built up dis- posable income. “We were the hottest market, and we essentially dumped gasoline on it,” Bramlett said. Before July 2020, the monthly median home sales price in the Austin-Round Rock metropoli- tan area had never reached $350,000. It surpassed $400,000 in March 2021, then reached $465,000 in May, the most recent month data is available from the Austin Board of Realtors. That is a 27.4% increase from January. “You don’t have to have a Ph.D in economics to understand that if prices go up faster than incomes and home aordability is based on the relationship between income and price, then [homeownership is] becoming less aordable,” said James Gaines, research economist at Texas A&M University’s Texas Real Estate Center.

The builders can’t build [houses] fast enough to get us where we need to be to accommodate the growth into

the metropolitan area. SUSAN HORTON, PRESIDENT OF AUSTIN BOARD OF REALTORS

16

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Page 17
Page 18
Page 19
Page 20
Page 21
Page 22
Page 23
Page 24

communityimpact.com

Powered by

FlippingBook