From Jason Crouch, expert in investment real estate
in Austin, Texas...
Another hot area for investors is the Austin real estate
market. Since the tech market crash of 2001, this jewel in
the rough hasbeen of strong interest to investors, especially
those who are able to capitalize on their equity from other
hot markets. It remains quite affordable for most first-time
investors, with Austin homes and condos in the $100-300K
being of particular interest, as well as duplexes.
Austin is a youthful, optimistic town with an average age of 28.
The University of Texas, with approximately 50,000 undergrad
students, certainly contributes to the young spirit of the town.
Nestled in the beautiful Texas hill country, Austin is scenic and
serene, with a chain of lakes running from west to east and
thousands of acres of devoted park land and nature preserves. The
Austin Texas real estate market seems poised to take off
again in 2005, with the number of Austin homes for sale dropping
slightly over the second half of 2004 and with a frenzy of home
buyer activity occurring during this holiday season, according
to Austin Realtors.
Austin Texas is also known as the “Live Music Capital of the World”.
With its eclectic mix of venues and bands, this may just be true.
On any given night in Austin, one could see the latest independent
college band or jazz band, or catch a county music or hard rock act.
Additionally, Sixth Street in downtown Austin is lined with
restaurants and nightclubs, and this is the center of activity for
those who want to party and relax, especially on the weekends.
Austin is also well known for its schools, which is another reason
investors seem to flock to the area. There are entire districts in
Austin that are rated as “Exemplary” by the Texas Education
Agency. The Lake Travis, Round Rock, and Westlake areas all
have terrific, award-winning schools. This has propelled
Lake Travis real estate to all-time highs in ’04, while the
Round Rock real estate market is still quite affordable for most
investors. One would do well to consider the up-and-coming
Austin market as part of an investment portfolio.
Friday, November 26, 2004
News Article-A Steady Supply of First Timers
I found this article in the Sun News website, Posted on
Sun, Nov. 21, 2004, and written by By Alan J. Heavens,
Inquirer Real Estate Writer.
Interesting points in the article were:
Fully 40 percent of people who buy existing houses
in a calendar year are entering the market for the first time.
This year, if sales projections are on the mark, that number
will top out at 2.6 million homes.
The typical first-time buyer, the Realtor survey found,
was 32, with a median income of $54,500. Twenty-four
percent of respondents identified themselves as African
American, Latino or Asian.
The typical first-time buyer was 32 years old, with one in
10 under 25 and more than half between 25 and 34, the
survey data showed. Median income was $54,500, while
three-quarters of the respondents said they made less
than $75,000 a year.
Seventy-seven percent of first-time buyers responding
to the survey were white. However, 24 percent of the
total identified themselves as African American, Latino
and Asian. They also were somewhat more likely to
speak a language other than English than repeat buyers.
In Northeast Philadelphia, we have everybody," said
Chris Artur of Artur Real Estate in Mayfair. "I listed a
house recently where nine of the 10 people interested
were Asian."
"There is a real mix of first-time buyers," he said.
"About 75 percent of the less expensive houses are
being bought by investors, and the more expensive
twins by people who plan to live in them, but it is
still a definite mix of immigrant groups."
Although only 7 percent of buyers said they found
their agents on the Internet, 74 percent said they
searched for houses there. This compares with
2 percent of buyers surveyed in 1995.
More than 80 percent of Internet searchers said
they used a real estate professional to buy houses,
Lereah said.
Real Estate Marketing by Myrtle Beach Web Design
Sun, Nov. 21, 2004, and written by By Alan J. Heavens,
Inquirer Real Estate Writer.
Interesting points in the article were:
Fully 40 percent of people who buy existing houses
in a calendar year are entering the market for the first time.
This year, if sales projections are on the mark, that number
will top out at 2.6 million homes.
The typical first-time buyer, the Realtor survey found,
was 32, with a median income of $54,500. Twenty-four
percent of respondents identified themselves as African
American, Latino or Asian.
The typical first-time buyer was 32 years old, with one in
10 under 25 and more than half between 25 and 34, the
survey data showed. Median income was $54,500, while
three-quarters of the respondents said they made less
than $75,000 a year.
Seventy-seven percent of first-time buyers responding
to the survey were white. However, 24 percent of the
total identified themselves as African American, Latino
and Asian. They also were somewhat more likely to
speak a language other than English than repeat buyers.
In Northeast Philadelphia, we have everybody," said
Chris Artur of Artur Real Estate in Mayfair. "I listed a
house recently where nine of the 10 people interested
were Asian."
"There is a real mix of first-time buyers," he said.
"About 75 percent of the less expensive houses are
being bought by investors, and the more expensive
twins by people who plan to live in them, but it is
still a definite mix of immigrant groups."
Although only 7 percent of buyers said they found
their agents on the Internet, 74 percent said they
searched for houses there. This compares with
2 percent of buyers surveyed in 1995.
More than 80 percent of Internet searchers said
they used a real estate professional to buy houses,
Lereah said.
Real Estate Marketing by Myrtle Beach Web Design
Monday, November 8, 2004
Real Estate Investment in Myrtle Beach, SC Preconstruction
Investing in PreConstruction Real Estate
Martin Brown
Preconstruction real estate in Myrtle Beach or North Myrtle Beach , SC, has got to be one of the best buys in real estate nationwide!
Oceanfront condos lead the way with 60%-70% appreciation in less than 15 months. The Grand Strand market has been long overdue for a significant increase in property value, lagging behind other hot markets in Florida and Las Vegas. Not any more. Myrtle Beach has been discovered. Investors across the country are flocking to this long known vacation destination and pouring millions into a red hot market. This trend could continue for many months or years.
Many real estate experts feel Myrtle Beach property values are still under valued and see this as a prime time to make your first Myrtle Beach real estate purchase. Some of the best deals are at www.Condolux.net, a well known real estate company.
Martin Brown
Preconstruction real estate in Myrtle Beach or North Myrtle Beach , SC, has got to be one of the best buys in real estate nationwide!
Oceanfront condos lead the way with 60%-70% appreciation in less than 15 months. The Grand Strand market has been long overdue for a significant increase in property value, lagging behind other hot markets in Florida and Las Vegas. Not any more. Myrtle Beach has been discovered. Investors across the country are flocking to this long known vacation destination and pouring millions into a red hot market. This trend could continue for many months or years.
Many real estate experts feel Myrtle Beach property values are still under valued and see this as a prime time to make your first Myrtle Beach real estate purchase. Some of the best deals are at www.Condolux.net, a well known real estate company.
Tuesday, November 2, 2004
Ocean Winds-Elegant Marsh View Condos
On the marsh, very close to the ocean, all condos will be waterfront, just a short walk to the beach, to Barefoot Landing Shopping Complex, and to many fine
restaurants and entertainment.
Planned Amenities
• Swimming Pool, Kiddie Pool, Outdoor Jacuzzi
• Granite Counter Tops in Kitchen
• Jacuzzi in Mstr Bath and 7ft Double Shower
• Large Marsh Front Balconies - 9' X 15'
• 9 Foot Ceilings
• Terracotta Tiled Hallway, Kitchen, and Baths
• High Quality GE Appliances
• Staffed Rental Desk for Maximum Rentals
• Crown Molding and Chair Rail in Hallways
• Solution Dyed Non-Stainable Carpet
• Ceiling Fans in All Rooms
• Cable TV in All Bedrooms
• Hurricane Grade High Impact Glass
• Beautiful Cedar Shake Siding
• Galvaluma Aluminum Roof
Visit Condolux.net for more great real estate investment opportunities.
Monday, November 1, 2004
Some Vegas Information
From Diann Tonnesen, a C21 real estate expert in Las Vegas...
Las Vegas is going vertical and Las Vegas luxury condominiums are the hottest selling properties in an already booming marketplace! There are currently plans in development for over 20 mid rise condos and high rise condos for the Las Vegas Strip area alone, as well as the new breed of investment - the Condotel. These are upscale condos built as part of a hotel casino for vacation use only. When the owner is not in residence they are leased out to hotel guests by a professional property management company on behalf of the owner.
All of these projects will have true resort style amenities with spas, concierge services, state of the art work out facilities, conference centers, gourmet dining, night clubs, and much more. There are quite a variety of themes to choose between as well, from Soho style lofts to elegant Euopean penthouses. Prices are ranging from the low $300,000s up through $5,000,000.
Most of these developments are in the planning stages, but we will be happy to procure floorplans for you. Just email us at Sold@greatlasvegascondos.com or visit us at at Las Vegas Condos for more information.
Where's the Hottest Place for Preconstruction?
Some Beautiful Sarasota Florida Condos
Preconstruction real estate is big almost everywhere right now, but some areas are definately hotter than others. Myrtle Beach preconstruction is burning a hole in the sand right now...but it's much less expensive than most. An average 2-3 bedroom oceanfront condo here will go for under $400,000. The same real estate in Sarasota Florida would be twice that.
Las Vegas condos are really doing great as investments as well...and, again, are usually several hundred thousand dollars more than anything in South Carolina. But Myrtle Beach real estate will continue to rise in price until someday it will equal them. I would invite anyone to post an article about the preconstruction condos in their area here. The more information, the better.
Those of us who live in Myrtle Beach are seeing the prices of everything increase every day. Our golf condos are going up in value about $5000 a year. They are building everything up on the Intracoastal Waterway now, and this type of real estate is commanding as much as the oceanfront property. If you have the money, now's the time, because it is as low right now as it will ever be again. I truly believe that. Every day I am more astounded to see the volume of preconstruction real estate that is being built and sold. Our bordering NC beaches (Brunswick County) are said to be even more in demand now.
Last summer a condo project went up called Crescent Shores. It was not that large, but oceanfront and very impressive to look at. When it was pre-selling, it started out as much as $20,000 less than what it was finishing at 5 months later. Consumers were fighting over them, and the units were so hot as rentals during the summer that the tourists were renting them before the amenities were finished. They commanded and GOT top dollar for the rentals as well. I think anyone who invested in them came out with a big smile and a pocket of money...both from the price increase and from the rental income.
Condolux of North Myrtle Beach is in the middle of a preconstruction condo project right now, called Ocean Winds. It will be built on 48th Ave South, beside of the Barefoot RV Resort, and across from Barefoot Landing. The area in behind there is some of the most beautiful and pristine marshland that is left in North Myrtle Beach. These condos will overlook the marsh, be a block or so from the ocean, and will be unique and luxurious. Again, they are pre-selling like hotcakes...40-some units were snapped up in a little over a month, and at $250-$320,000 each. THAT is impressive!
From everything I've seen, anyone who can afford it needs to be looking into this kind of investment. Do a little investigating about the location, be sure the company that is developing the property is well established and respected, and get in it while it's still affordable.
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