Great Austin Accolades

As many parts of the country continue to struggle to dig themselves out from the recession, things couldn't be better in Austin. It's not exactly a secret that the area has been booming for some time, so it makes sense that so many people are choosing to relocate here. Luxury homes in Austin are flying off the market nearly as quickly as they become available, and communities like Spanish Oaks are attracting huge amounts of attention. Many things contribute to Austin's incredible growth. After learning about a few of them, you'll be all the more eager to make the capital your home as well.

Population Boom

Due to all of the great perks of living in Austin, people from around the state and country are arriving in droves. According to the most recent estimates, the population is currently right around 1.87 million people. It's expected to soar to more than 2.3 million by the year 2020. As it stands right now, there's barely enough real estate to accommodate current residents and newcomers. Therefore, there is sure to be a major uptick in new construction here over the next several years. That doesn't mean prices will drop, though; if anything, home prices are likely to increase right along with demand.

Jobs Aplenty

Many major metropolitan areas are coping with high unemployment rates. Some folks have given up entirely and have sought greener pastures. They are finding those pastures here in Austin, which was recently put at the top of Forbes' list of the best cities for job growth. According to Moody's Analytics, the job market is expected to grow by 4 percent per year for the next few years. Many huge companies are headquartered in Austin, and some of them - including AT&T - are planning to expand their operations in the near future. As a result, there should be even more excellent jobs for those who need them.

Excellent Educational Opportunities

Dozens of institutes of higher learning are located in Austin. Growing families can buy homes here with the security of knowing that their children can attend college nearby if they'd like. In addition to the University of Texas, there is a large network of community colleges. There are also many private colleges and universities. Families with younger kids will be thrilled to know that local school districts are regarded to be among the best in the state. The presence of so many top-notch employers certainly plays a role in the considerable percentage of educated people who live in Austin.

Home Prices Expected to Increase

Everyone wants to get the best deal possible when buying a home. If that's the case with you, you're going to want to act quickly when checking out luxury homes in Austin. The current average sale price of homes in Austin is $280,000, but it won't stay that way for long. The number keeps going up as more people are drawn to the area and houses become scarcer. Even if new construction picks up, prices aren't expected to level off or drop any time soon. Still, it makes sense that prices are up. There are so many high-paying jobs in the area that the population can generally handle it.

New Homes Being Built

Communities like Spanish Oaks are wildly popular to newcomers and longtime Austin residents alike. However, there are only so many new homes in the area. From November 2012 to November 2013, nearly 9,000 permits for single-family home construction projects were issued. That's still a lot less than the number that was issued at the height of the housing bubble, but it is steadily inching up. This means that there will be more new homes to choose from in the area than ever, so home buyers will have all kinds of choices.

The future is bright in Austin, and things are sure to get better still in the weeks, months and years to come. Whether you choose to settle within the city limits or buy a home in an outlying community, you'll love the laid-back, forward-thinking attitude of the people who live here. When compared with many parts of the country, Austin is positively brimming with excitement. That attitude extends to everything from work to school to the real estate market. By purchasing a home in Austin, you're sure to get precisely what you want. Your kids can attend excellent schools, and you will be able to find a job that offers competitive pay and exceptional benefits. Get in on the excitement by finding your dream home in Austin now.

Spanish Oaks
13443 Highway 71 West
Bee Cave, TX 78738