Austin Real Estate Blog | Engel & Volkers

courtesy of ann hanks, flickr

As we finally get a reprieve from the wet start to the summer, we figured now would be a great time to highlight the many amazing lake's that serve Central Texas and the Austin-area and the best places to enjoy them either by boat or car!  Austin is lucky to have two lake's available with Lake Austin and Lake Travis within an hour or less of downtown.  Below we have put together some of our favorite spots to take in lake views and enjoy some of the best sunsets in the world!  

Lake Austin's Best Restaurants:

Oyster's Landing (Hula Hut & Cain & Abels on the Lake) - Just a five minute drive from downtown Austin Oyster's landing is home to two lakefront restaurants and a beloved coffee shop Mozart's coffee house.  From the two story deck of Cain &

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"This April, Austin was the 20th most expensive city to rent inaustin rent graphic the nation. One bedroom units were priced at a median of $1,150 and two bedroom units at $1,500. This city came ahead of Houston, Charlotte, and Nashville in our most recent national rent report." Released Zumper.

Rent in Austin single bedroom has increased by 11% over the previous year and a 9% increase for two bedroom condos/apts. Downtown continues to be the most expensive but you can find affordable rent in Pleasant Valley, near The University of Texas, and North Loop.

See original post on Zumper here.

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The Texas economy slowed in March in the wake of lower oil prices, a strong U.S. dollar, and a weak global economy. Total employment expanded year-over-year but posted a monthly loss of 12,000 jobs weighed down by the manufacturing and oil and gas extraction sectors, especially in Houston. Housing demand improved moderately while new construction was constrained by a shortage of skilled labor and developed lots. Houston slowed in terms of number of sales. Austin, Dallas, and San Antonio continued to show strong housing demand.


The Texas Residential Construction Leading Index (RCLI), which signals future directional changes in the residential construction business cycle of single- and multifamily housing, looks to have flattened in

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Single-family home sales increased in the Austin-Round Rock Metropolitan Statistical Area (MSA) in April 2016, highlighting growing urban sprawl as rising housing costs exacerbate affordability challenges, according to the April 2016 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

“Much of Central Texas’ home sales activity is now taking place outside of Austin’s city limits, with housing demand driving growth in surrounding counties,” said Aaron Farmer, 2016 President of the Austin Board of REALTORS­®. “The City of Austin’s housing market is drastically different than surrounding areas. In Austin, home sales growth is suppressed, inventory is more constrained and home prices are much higher.”

In April 2016,

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Austin-based MileStone Community Builders LLC, one of the largest local homebuilders in Austin, spent nearly $47 million to purchase a prime parcel of land, about 75 acres, owned for years by the Texas Department of Transportation in December of 2014.  

The land sits near 45th street in MoPac expressway minutes from downtown and the University of Texas.  Now almost two years later the land is on its way to being developed as The Grove at Shoal Creek.  The vision set out by the builders is for The Grove at Shoal Creek to include homes, neighborhood businesses, as well as park space. 

As it stands now It will be up to city appointees and politicians to determine whether developer "ARG Bull Creek Ltd." can proceed with its plans to create a dense

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Engel & Völkers Austin will be introducing our third office this Fall in the epicenter of North Austin Rock Rose at the Domain.  This new development is home to some of Austin's favorite local restaurants, entertainment and bars.  Rock Rose will also be host to hundreds of apartments and businesses such as HomeAway.  Backing to the original Domain which is represented by anchor tenants Macy's, Dillard's and Whole Foods, our new office will be at the center of North Austin development!  

For world-travelers, the sight of an E&V shop brings to mind the expectation of high-end service and exceptional real estate.

We are looking for a small, select group of well-qualified agents to join our expanding team in one of the hottest growth communities in

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You've probably heard by now, Lake Travis has completely filled after a rainy April!  It has been over 8 years since Lake Travis has reached 100 percent and as recently as last year the lake was at historic low of around 30 percent full.  Now with the lake in peak form heading into the summer season the Lake Travis region is ready for a big summer!  With local businesses, marina's, and the real estate scene all seeing and expecting a great summer.  

"Central Texas will likely experience average temperatures in May and June as well as above-average rainfall. The high soil moisture from the rain will help keep summer temperatures cooler than they otherwise would be, he explained, even though he expects July and August to be dry and slightly hotter than

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  According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, Austin-area single-family home sales increased 9.3 percent to 2,552 home sales in March 2016 compared to the same month the year prior. Median single-family home price also increased 7.8 percent year-over-year, reaching $278,000 in March 2016.

“Home sales continue to rise throughout the region, but for many Austin-area residents, homeownership is just not a feasible option,” said Aaron Farmer, 2016 President of the Austin Board of REALTORS­®. “Longtime Austin residents are being priced out of their homes and many are unable to live close to their work or school. As a city, we have to start being mindful of how our property development,

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High Five Events is delighted to have Third Base and Ben Phillips, Real Estate Advisor for Engel and Volkers Austin, as Official Sponsors for The Rookie Triathlon. Set to take place on May 1st, The Rookie Triathlon introduces the rapidly growing sport to interested athletes and encourages veterans to work on bettering their times and approach.

“It’s great to continue working with Ben Phillips and Third Base,” said Tina Thomas, Marketing Manager for High Five Events. “Their love of Austin is evident in their continued efforts to support the local community. We’re glad to have them on board.”

The Rookie Triathlon has enjoyed having Ben Phillips, Real Estate Advisor for Engel and Volkers Austin, as an Official Sponsor for many years. Not only is

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On Tuesday, city planner Alan Holt showed the City Council the latest version of the ongoing South Central Waterfront Initiative, a planning effort he has been spearheading for more than three years. The plan was met favorably by some council members, while other members expressed concerns about traffic impacts, and one questioned if a plan is needed at all.

The latest scenario calls for up to 8.6 million square feet of development within the 118-acre waterfront area, which currently has 3.2 million square feet of office, hotel, residential and other development.  The plan was met favorably by some council members, while other members expressed concerns about traffic impacts, and one questioned if a plan is needed at all.

Holt is scheduled to

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