January 2014

There are 5 blog entries for January 2014.

Austin’s luxury home market revved up last year with nearly $883 million in sales for homes priced at $1 million or more.  555 million-dollar homes sold in 2013 — 182 more than in 2012.

The average square-foot price was $326 for homes in that category, $3 more per square foot than in 2012.  The downside is that the average price was $1,581,098, or $77,059, lower than in 2012. The median price was $1,338,069, or $19,478 lower than in 2012.

Million dollar homes spent an average of 106 days on the market in 2013, 33 days less than in 2012.

Turnquist Partners specializes in upscale and luxury real estate, and there is no other company that understands the Austin market better. Our unsurpassed reputation is complemented by our longevity, and we have a

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Top Austin Luxury Real Estate Agent, Kathryn Scarborough, ends a record-high sales year with recognition by The National Association of Professional Women as the 2013 VIP Woman of The Year. In response to her remarkable success, Kathryn has become the most recognized Agent at Turnquist Partners.

As a fifth generation Austin native, Kathryn earned a reputation for providing quality Real Estate service based on integrity, knowledge and professionalism. Kathryn was ranked in the top 1% of all Agents in the Austin-area, with over $270,000,000.00 in sales. In addition to being named Turnquist Partner’s Westlake Top Producer from 2004 to 2013, Kathryn was also the Top Producer company-wide in 2006, 2008-2013.

As a Certified Luxury Home Marketing

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Seven cities in Texas ranked among the top 25 metros in the country for job creation, but its booming technology sector and hip image sent the Austin area to the top of a prestigious list ranking the nation’s best performing cities.

The Milken Institute report commends Austin’s business-friendly, low-tax and low-regulation climate that attracts new business and the use of incentives to attract employers like Visa to the area. But the report also mentions that Austin’s culture and outlook plays a major role in attracting new employers and businesses to the area.

It also notes the University of Texas’ role as a recruiter for new firms, and the Austin Chamber of Commerce’s efforts to position Austin as a top city for job growth.

The nonprofit Milken

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Property Tax Tips for Filing in 2014 provided by: Jeff W. Bullard Owner at Tax Remedy Inc.

  • Make sure all your current property taxes are paid.

    The tax code is very clear in placing the burden of making sure taxes are paid
    squarely on the taxpayer, not the tax assessor I collector. Failure to receive a
    tax statement does not relieve you from responsibility that prior year taxes are
    paid on or before January 31 of each year.

  • Take pictures of your property on January 1 each year.
    The effective date of all tax appraisals is January 1 each year. You are taxed on your property as it existed on the first day of the year. If it burns to the ground on January 3, you still get to pay taxes on it for the entire year. On the other hand, if something is
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The U.S. real estate market made a robust comeback in 2013, surpassing expectations of many economists, as the combination of low inventories and historically low interest rates caused home prices to rise and even helped fuel bidding wars in some markets, surpassing the expectations of many economists. While positive trends, such as increasing home values, are expected to continue into 2014, mortgage rates are also expected to rise in the coming year and could put a damper on home buyers’ abilities to afford new homes.

Looking back at some 2013 data can give us a hint of the year ahead:

Predictions - Inventory

1. Inventory Should Gradually Stabilize and Return to Traditional Seasonal Levels

The beginning of 2013 could be characterized as the “year of low

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