The Gabriel Team Blog

Released Dec 15, 2016:  Single-family home sales experienced double-digit growth across the Austin-Round Rock Metropolitan Statistical Area (MSA) in November, according to the November 2016 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Aaron Farmer, 2016 President of the Austin Board of REALTORS­® said, “This end-of-year surge in home sales is an unusual and welcome surprise to what’s typically the lowest months for Central Texas home sales volume during the year. Home sales throughout 2016 continue to be fueled by our region’s steady population growth. At the current pace, 2016 will likely turn out to be another record year for Central Texas home sales.”

Single-family home sales in the Austin-Round Rock

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SOURCE National Association of Realtors

WASHINGTON, Oct. 31, 2016 /PRNewswire-USNewswire/ -- The quickening pace of home sales over the past year included a small rebound from two key segments of buyers who have been missing in action in recent years: first-time buyers and single women. This is according to the National Association of Realtors®' annual Profile of Home Buyers and Sellers, which also found that for-sale-by-owner transactions remained at an all-time low of 8 percent for the second straight year. Nearly 90 percent of all respondents worked with a real estate agent to buy or sell a home.  

The 2016 edition of NAR's Profile of Home Buyers and Sellers continues the longest-running series of national housing data evaluating the

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By ABJ Staff Writer - Michael Theis:

For the first time since Formula 1 brought the U.S. Grand Prix to Circuit of The Americas, year-over-year attendance has increased. In fact, this year's U.S. Grand Prix in Austin had its highest attendance since the event launched in 2012, totaling 269,889 spins of the turnstile, according to NBC Sports. That's not 269,889 individuals, but 269,889 total passes through the admissions gates during the three-day event. 2015's rain-soaked Grand Prix had three-day attendance of 224,011, but only 101,667 attended the race on Sunday. This year, COTA officials did not disclose Sunday-only attendance as they have in prior years, and have not yet responded to a request for that number.

The "main event" for many attendees

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For the first time since it was established more than 50 years ago, I-35 through downtown Austin is in the initial stages of a massive reconstruction. The Central7 Project from US 183 to Riverside Drive offers Austinites a rare opportunity to have a say in one of the most potentially transformative and important projects in a lifetime.

The Central7 project under consideration includes:

  • Seven miles of improvements from US 183 to Riverside Drive
  • Variable priced tolled express lanes with free access for transit and emergency responders
  • Main lane, frontage road, and ramp improvements
  • Two design options for downtown, Raised and Lowered
  • Bike/pedestrian enhancements

The Texas Department of Transportation (TxDOT) is conducting an

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AUSTIN, Texas – Released Feb. 22, 2016 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, Austin-area single-family home sales dropped slightly in January 2016 compared to the same month the year prior. Home sales decreased by 1.9 percent year-over-year to 1,459 home sales and median price increased 6.3 percent year-over-year, reaching $254,999 in January 2016. Aaron Farmer, 2016 President of the Austin Board of REALTORS­®, explained, “If we’re going to successfully address our city’s continued affordability issues, we all need to work together. We’re excited that several business owners and community leaders are stepping up and bringing new, tangible solutions to the table to help alleviate some of

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by Laurel Robertson: Oak Hill Gazette

To begin a New Year, let’s take a sweeping, generalized and always-changing look at the staggering amount of growth/development occurring just over the Travis county line in Dripping Springs and its extra-territorial jurisdiction (ETJ).

The small town (population 1,788) oversees a large ETJ (population approximately 30,000) and those numbers are guaranteed to climb precipitously over the next few years. Coming up with a firm number of planned homes is as futile as trying to predict human behavior – but I’ll try to give a general estimation of growth expected in the next five years. Suffice it to say, Dripping Springs won’t be the same small town at that point.

To begin with the closest and most obvious:

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Article provided by The American Statesman; Gary Dinges (Statesman Staff)

In case the slew of construction cranes hasn’t tipped you off, Austin’s skyline is in for a major transformation over the next few years. A new graphic from Cushman & Wakefield/Oxford Commercial shows what downtown will look like by late 2018, when several high-profile projects are set to be complete.

At 685 feet, the Independent will replace the 683-foot Austonian as the city’s tallest building. Both the Independent and the Austonian are condo towers. The Fairmont, Austin’s third convention hotel, will become the city’s third-tallest building when it opens, coming in at 595 feet tall.

Much of the new construction is in the southwest corner of downtown Austin, where new

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2015 Sets All-Time High For Austin-Area Home Sales Volume & Prices.

RELEASED Jan. 21, 2016 – Austin-area single-family home sales and prices set all-time records in 2015, as well as records for the month of December 2015, according to the December 2015 and Year-End 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®.

Aaron Farmer, 2016 President of the Austin Board of REALTORS®, explained, “Demand for Austin-area real estate was stronger than ever in 2015, primarily due to our region’s job and ongoing population growth. However, low housing inventory levels, rising home prices and high housing development costs have brought Austin’s housing affordability issues to critical levels. Median price for

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