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Back to School for Austin Metro 2020

Everyone real estate client moving to Austin this summer has been curious about the process and timing of Kindergarten to High school re-opening schedules. The answer seems to change every week per school district.

As of August 30th, 2020 there are some of the latest updates.

Austin ISD will begin remote-learning on September 8th and October 5th will mark the first day of on-campus classes. Read More

Sixty-six percent of Austin ISD parents were in favor of virtual learning with thirty-two percent in favor of on-campus in a recent survey.

Approximately 60% of Lake Travis ISD families have officially requested in-person learning as of the district’s final tally Aug. 25. However, district officials are now revisiting plans to reopen campuses amid the coronavirus pandemic. Read More

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Tesla Gigafactory in Austin

Electric automaker Tesla will officially build its next manufacturing plant in Travis County in an area just east of the city of Austin, bringing with it at least 5,000 new jobs.

Tesla CEO Elon Musk announced the decision to develop its next “gigafactory” in Travis County in a July 22 earnings call following months of deliberations between the company, Travis County and Del Valle ISD over economic incentives that would help bring the company to Texas. Tesla anticipates construction to begin in the third quarter of 2020, with initial operations at the Travis County gigafactory beginning as soon as the fourth quarter of 2021.

Already, Tesla has taken steps to charge forward with the site, seeking its first development variances from the county July 21, which was regarding construction on roads leading to and from the gigafactory site along SH-130 just north of W. Hwy. 71.

“We’re going to make it a factory that is going to be stunning,” Musk said. “It’s right on the Colorado River, so we’re actually going to have a boardwalk where there will be a hiking/biking trail. It’s going to basically be an ecological paradise—birds in the trees, butterflies, fish in the stream—and it will be open to the public as well.”

Texas Gov. Greg Abbott welcomed Musk’s announcement with a statement praising Tesla as “one of the most exciting and innovative companies in the world.”

Read the Full Article on Community Impact

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Austin’s Housing Market During Covid-19

Austin’s economy and housing market could be well positioned to minimize the potentially negative impact of COVID-19, Mark Sprague, state director of information capital for Independence Title, said. “Austin’s economy has diversified and strengthened over the past two decades. This leads me to be optimistic that our region is in a strong position to withstand economic downturns that may have a greater impact nationally,” Sprague said.

“Effects will still be felt especially by those who depend on each paycheck to pay their bills and provide for their families, and that cannot be discounted.” According to Sprague, despite the current uncertainty, buyers are still eager to close sales in Austin. “Current indicators are that Austin’s housing market remains strong and competitive. Any decrease in inventory would only increase competitiveness in our market.

Overall, Austin’s economy and housing market look to be resilient during this uncertain time. Once COVID-19 subsides, there is a potential for even more investment by employers in the Austin market, and I would expect those looking for a more affordable cost of living compared to other major U.S. metropolitan areas will still look to move to and buy homes in Austin,” Mark Sprague concluded.

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Just Listed in Georgetown!

220 Fannin Battleground LN, Georgetown, Texas 78628 listed at $489,000

Stunning one story w/extended master & outdoor living, media room + wine room. Open concept living/dining area that is perfect for entertaining. Beautiful finishes: hardwood floors, dark custom cabinets, stainless steel appliances & granite. Master suite includes walk-in closet, dual vanities, garden tub & walk-in shower. This rare lot backs to ranch property- plenty of privacy & space. Neighborhood amenities include 2 pools, community center, park, walking/biking trails, & top-rated Parkside Elementary!