Austin Modern Living.com

An interesting article in the Austin Statesman looks at the recent census data (2005-2009) that shows the explosion of sleepy farm towns on the edge of Austin’s perimeters turned into sprawling and popular bedroom communities.  Not surprising, those with the most growth were Hutto, Bee Cave, Kyle and the 183 Cedar Park/Leander corridor.  Here is a link to the Stateman Austin new home building article. By the way our Austin Realtors are all new home sales specialists.

Buy 3 Hyde Park area Austin modern homes in a package deal.  Each unit earns between $3700 and $3800/month in rents and is always rented.  Each of the 3 units is 5 beds 5.5. baths and 2700 sf each with 2 carports and plenty of additional parking in back.  These Austin modern homes have Grohe fixtures, designer Russian Plywood cabinets, classic white oak floor (no carpet), tankless hot water systems, stucco and hardi with sloped metal roofs.  These are very cool properties with courtyards between units and a private bamboo garden courtyard in the back yard.  Property has access from the front as well as from the back ally.  Asking $600k each which is just $222.22/sf.    Not on the MLS at this time.  Link to listing – 3 Hyde Park austin modern homes package sale

We just updated our weekly Austin foreclosure list page and the number of Austin foreclosures for sale is creeping back up towards that magic 700 number.  As of today it’s 657 total Austin area foreclosures with 160 of those luxury foreclosures.  Even with the recent positive Austin jobs data I guess we still have some distress homes to work.  My guess is, if we break 700 then a lot of on-the-fence distress buyers and investors will get in the game and pick these up and we will see a short term swing back the other direction in Q1 and Q2 of 2011.  Here is a link to get our list of weekly Austin foreclosures if you are interested.

Oh, also, anyone looking for to buy 2 awesome location (Balcones Golf course area) cash flow duplexes let me know, I have an investor who is considering selling.  Mid-low $200k range. Call me for details.

Ok, it’s an introductory first year rate on a 2-1 buy down but with a 4.118% APR  it’s still a killer rate.  Drees builds a fine home and we’ve been selling them for years.  I love their Steiner Ranch and Eanes neighborhoods.  Austin Modern Living Realtors can help you through the Austin new home purchase process from start to finish.  Working with us we can normally offer you an EXTRA $5,000 off any deal on a new construction Austin home, and if you are relocating we can cover much of your relo costs including executive short term leasing.  Speak with one of our agents for more information and conditions.  Here is  a link to the Drees article in the Austin Statesman.

Looking for a hip new pad? W Austin is set to open December 9th with over half their units already under contract. Not to worry however, we can still find you a home with a view and some Austin City Limits to boot!

This market is really odd.  Our recent efforts to purchase homes at market rates in Barton Creek on Mirador & Escala were both rejected by sellers who want full price for their resale homes!  (Hello?  It’s not 2006 anymore! And there hasn’t been a closed transaction in Mirador since May 2009…hmmmm.)  If anyone knows anyone selling a home on Escala , Mirador, Cava Place or Dadiva Court in Barton Creek please let me know.  Not looking for a huge home so 5000 to 6000 sf with minimum 4 bedrooms and a pool.  Cash buyer.  Give me a call at 512-413-0870.

Super surprised that this newly built, green home is still available. 1401 Shenandoah Drive, modern home

This is a funny but telling article from the Huffington Post about the overly complicated nature of real estate mortgages and the secondary market securities they eventually become.  Full Huffington Post article here

Ridiculously Complicated Mortgage Chart

Austin Eanes ISD Open House - Liberty Park

We are hosting 1036 Liberty Park Drive open today (Sunday Nov 21) from 1:00 – 3:00.  Here is a link to the listing: Austin Eanes ISD open house.  When you get to the gate just call 512-413-0870 for access into the neighborhood.

If you know someone looking to buy an amazing contemporary home in Washington DC, check out this new listing: Washington  DC contemporary listing link  and here is a link to the virtual tour.  Clean lines, tons of floor to ceiling windows, completely cool, contemporary living in Washington DC.  This listing is for sale by a client moving from DC to Austin.  (Lots of people moving from DC to Austin here lately!)