Austin Stats That Show Austin’s Crazy Growth

If you have to drive around Austin you know it feels like everyone is moving here. And why shouldn’t they be? According to Forbes Austin is the place to invest in 2015, and in another Forbes article Austin is declared the number one likely new “Silicon Valley Tech Hub.”

The secret is out…Austin also currently ranks number one in the nation for fastest selling homes, with 40% of homes selling within seven days, and here is why:

Number of People Moving to Austin

  • Daily—net 110 people a day
  • 2014—over 66,000
  • 2015—forecasted 68,000

Austin & Texas Economies

  • 2014—31,960 jobs added, bringing total jobs to 892,860
  • 2015—42,000 more jobs forecasted
  • Texas 2014—362,610 jobs added, bringing total Texas jobs to 11.4 million
  • Unemployment rate Dec. 2014—3.2%

Austin Home Sale Statistics—10 Year Comparison

Dec. 2004

  • Average home price $197,400, Median $154,000
  • Number of sales, 1,994

Dec. 2014

  • Average home price $309,700, Median $245,900
  • Number of sales, 2,505

Highest Appreciating Neighborhoods since 1990 According to Neighborhood Scout

  • Del Valle
  • S. Congress Ave./Barton Springs
  • E. Cesar Chavez St./1st St. East
  • MLK Blvd
  • S. 1st/ W Ben White Blvd.
  • S. Lamar Blvd/Barton Springs Rd.
  • Lake Austin Blvd/Exposition Blvd
  • E. 12th St./Chicon St.
  • Travis County Cir./Sendero Dr.
  • Nile St./N. Pleasant Valley Rd.

Additionally, according to Neighborhood Scout since 1990 the total appreciation value in Austin has gone up by 188.78%. In the last 10 years it went up 80.85% and just over the last 12 months by 14.49%. With major publications such as Forbes continually identifying Austin as a great place to live, with more and more companies moving here and start-ups starting, the continuation of international festivals, and the new medical school being built there seems to be no end to Austin’s growth. It’s a great time to be in and invest in Austin, TX!

 

 

Comments are closed.

The data relating to real estate for sale on this web site comes in part from the Austin/Central Texas Realty Information Service (ACTRIS).

 

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Austin Northwest shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.