Apartments & rentals

18 April

Austin Apartment Market Data March 2014

Posted by Tom Bates

 

O’Conner & Associates updated Austin apartment market data shows continued strong growth for the Austin apartment segment.  Austin currently has 9,657 Austin apartment units under construction (33 apartment projects!) and 1,862 Austin apartment units in the planning stage.  This strong Austin apartment rental market along with low Austin new construction homes coming on the market means that the Austin real estate market will probably continue to feel an inventory and price squeeze for the next few years at least.

Data is from O’Conner & Associates dated March 2014Austin apartment market data March 2014

 
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08 January

Austin Rental Market Very Tight

Posted by Tom Bates

 

Our office works with a lot of folks relocating from out of town, out of state and out of country, so finding suitable short-term Austin rentals is an important part of our service. In the past it’s been pretty easy to find Austin luxury rentals (houses, condos, apartments). But times they are a-changing…with the influx of Austin relocations and a scant number of suitable downtown Austin luxury apartment vacancies we are seeing higher rents charged for the few Austin rental properties available.

Data: In the last 60 days the average List Price to Lease Price Ratio was 99.58% for downtown Austin MLS listed rentals. In other words, people renting downtown Austin condos negotiated less than 1/2 of 1% off the list price on average. That’s not normal. I’ve also had several clients flat out unable to negotiate significant terms with the top Austin luxury downtown apartments…there is just too much demand too little available on the market. So here is my advice for the next quarter or two 2012…if you are shopping for a downtown Austin rental at one of the 3 or 4 top Austin luxury apartment buildings then: 1) Yes those prices are serious, and 2) Jump on it now because that unit may not be around if you wait! (Which has happened several times recently which prompted this post!)

Want assistance? We can help you quickly identify the best Austin apartments or rentals for you. We are paid by the Austin apartment building a finders fee, and so it’s completely free to you. It’s a great service and it’s free.

 
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02 February

Hot Travis Heights Vintage Remodel for Lease $3200/month

Posted by Tom Bates

 

2110 Kenwood in Travis Heights is now available for rent at $3200/month.  If you are looking for a hot house in a hot hood, this is it.  The home has recently been to-the-studs remodeled (by a Dwell magazine cover page celebrity architect!) and is bright, clean open, hip and cool.  Duravit faucets, cherry wood floors, alley access, laundry room, gas, on demand hot water, modern ceiling fans, new modernized kitchen. Pets ok.  Front and back yards. Fruit trees, bamboo.  One story 3/2 with ally access .   House will go on MLS next week…so hurry! 512-413-0870.   This is as close to an atomic ranch as you will find for lease right now in Travis Heights. (photos coming soon if it lasts that long)

 
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25 January

Travis Height Groovy Vintage Remodel – For Rent $3200, Possible Sell

Posted by Tom Bates

 

I have a pocket listing for a 3 bed 2 bath house in Travis Heights.  The home has recently been to-the-studs remodeled (by a Dwell magazine cover page celebrity architect!) and is bright, clean open, hip and cool.  Duravit faucets, cherry wood floors, alley access, laundry room, gas, on demand hot water, modern ceiling fans, new modernized kitchen. Pets ok.  Front and back yards. Fruit trees, bamboo. One story. House could possibly be available for sale in the low $500k range, but owner would rather rent it now for $3200.  House will go on MLS next week…so hurry! 512-413-0870

 
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