East Austin Named #2 among Hottest Areas to Buy a Home in the U.S.
According to Business Week magazine, East Austin is one of the very best possible places to purchase a home in the United States.
This one even managed to surprise me, and I have been selling homes in the Austin area since 1997. In the article they published a couple of weeks ago, Business Week made an interesting point: home prices tend to skyrocket in areas where artists buy and rent first. In other words, when artists flock to an area, it is generally because the prices are affordable (hence the term "starving artist", right?). After they have been there awhile, cool businesses sprout up to serve the artist community, then everyone wants to live there because it has become artsy. Make sense? It did to me.
When I first started selling real estate, east Austin was an area that most people avoided when it came to purchasing. I can't count the number of buyers through the years who would say "we want to be west of I-35". East Austin is generally defined as stuff east of downtown and a little to the north and south, bordered on the west by I-35.
If you are looking to find an area of town where prices are still reasonable, AND close to downtown Austin, east Austin may provide a terrific option for you. Parts of the area (such as along 12th Street for several blocks) have become almost unrecognizable with new projects and businesses.
This was the sole area in the entire state of Texas that was named in the report.
If you are considering a purchase in Austin, and you want something with a very easy commute to downtown, but you don't want to pay an arm and a leg (maybe just an arm), east Austin makes good sense.
I would love the opportunity to speak with you if you are sincerely considering a move to or from Austin. Please feel free to give me a call anytime on my cell phone at 512-796-7653 or email me - Jason@austintexashomes.com. I look forward to hearing from you soon! You can also search the entire database of available Austin homes at our website, www.austintexashomes.com.