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    Which area are experts predicting to be the hottest real estate market in 2021?

    Austin has been predicted by numerous experts to be the country’s top housing market in 2021. In fact, the market is already heating up the Sun Belt cities, with home values in Austin expected to outperform the national average. The entire Sun Belt area has been a hot commodity of late, and while many of its cities are seeing a positive surge, Austin has also caught the attention of economists, investment strategists, and real estate experts. Of those surveyed by Zillow in 20 of the country’s largest markets – 84% cast their ballot for Austin. Not only is the housing market increasing, but also the growth of urban parks and increased efforts for sustainability. Further fueling Austin’s housing market are young Americans, particularly millennials, who are taking advantage of low mortgage rates in the Sun Belt cities.

    Experts had previously predicted Austin’s housing market would be the hottest in 2020. A recent report stated that by mid-December, the median list price for homes in the Austin metro area had risen year-over-year by more than 23 percent. This was the biggest increase among the 50 largest U.S. markets, making it clear that the capital city would outpace all other large markets in 2020. The pace appears assured to continue its momentum through 2021.

    Where Urban Meets Nature

    Austin will certainly be getting its fair share of new buildings downtown. There is a multitude of urban development that could be listed and discussed, but it isn’t just housing that is making this city so hot. It’s also the upcoming park plans, which offer the amazing balance between urban living and sustainable development so many new homeowners are seeking! With such a wide range of opportunities and areas for outdoor enjoyment, it’s no wonder Austin is where everyone wants to be.

    Great Springs Project

    This green corridor will be connected by a network of trails, linking four of Texas’ Great Springs: Barton Springs, San Marcos Springs, Comal Springs, and San Antonio Springs. The project will unify existing local efforts to address the most critical water, land, wildlife, and public health challenges currently facing the Central Texas region.

    Waterloo Park

    A 1.5-mile park system, once complete, the 35 acres of connected green space – meandering from 15th St. along downtown’s eastern edge to Lady Bird Lake – will be home to a wild array of natural and cultural destinations.

    Shoal Creek

    The plan calls for a seamless, connected pathway of hike-and-bike trails along the 11-mile Shoal Creek corridor, and connections to other urban trails citywide. Ultimately, Shoal Creek will become part of the “Big Loop,” a 30-mile loop of trails and bikeways traversing the city.

    Bergstorm Spur

    A six-mile stretch of the abandoned railroad could be on track to become Austin’s next urban trail. Once part of the Union Pacific Railroad serving the defunct Bergstrom Air Force Base, the Bergstrom Spur would become a hybrid urban trail and public transit corridor.

    Posted in: Austin News, Housing Market, Real Estate

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    Every single member of our staff lives and breathes Austin, Texas. Truly, we wouldn’t want to be doing this anywhere else. We love our city, and we want you to fall in love with it too. We work with the Texas spirit of hospitality in mind. We are not happy until you are happy. Whatever your request, big or small, we will work with you until you are completely satisfied. Why will every member of Austin Properties Group make every effort humanly possible to ensure your real estate goals are achieved? Because we really care. We care about this city and we care about you. We want you to feel at home in Austin as soon as possible. We are a unique firm and we are proud to be a part of keeping Austin weird.

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    Austin Properties Group
    (512) 222-3015

    1801 S. Mopac, Ste 100
    Austin, Texas 78746

    info@austinpg.com
    (512) 222-3015
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