Just northwest of UT Campus a brand new property has emerged in 2009 that hasn’t received as much attention as new West Campus projects such as the Vintage or 21 Rio, but should. It’s called the Buckingham Apartments, and as a quality, medium-sized new project with reasonable pricing, we think it’s a shame more UT students weren’t able to capitalize on the outstanding opportunity at the building this year. Set against the mature trees and quiet streets of West Avenue, the project offers a combination of amenities, location, conveniences, and style that’s unparalleled for the price in the neighborhood. And thanks to lots of word of mouth as well as some aggressive marketing by a small group of realtors has left the project fully booked for the Fall, and there’s a reason why - just read more to find out about the Buckingham Apartments in North Campus.
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Market Updates
Welcome to March - the month of NCAA insanity, warmer weather, and of course Spring Break. We know your’e too busy doing something you’ll regret in Mexico to worry about real estate, so we do the hard work for you and provide monthly updates on what’s hot, what’s not, and what’s gone for West [...]
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So it’s February. You’re back in classes, back in Austin, and generally back in action. And if you’re anything like many of the other UT students this semester, you still haven’t found your place for next August. When it comes to West Campus apartments, and UT apartments and condos in general, the early bird tends to get the worm (the best choice of properties), and to a certain extent many outstanding properties have already leased up this year. This includes properties such as the Villas Nueces and Villas San Gabriel (all leased up), the Texan West Campus, and others. However, there are still a large number of great UT apartments in West Campus, North Campus, and Hyde Park that are ripe for the taking, and West Campus Living has some outstanding deals ranging from studios and 1/1s all the way up to large 5 and 6 bedroom houses (you can search for properties here). Whether you’re looking for an apartment already or just thinking about getting the process started, we’ve got some advice for you: don’t wait! There is still lots of great inventory and the earlier you lease the better selection you get! Read more to learn about some of the great properties still available for August 2010 pre-lease in West Campus.
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There’s no shortage of large, corporate apartments in the West Campus area, many of which are overpriced, charge extra for features that could be included, charge per space for reserved parking, or do not include any bills in the rental price. But University Quarters, a small complex located on Hemphill just behind the Villas on Guadalupe, is not only a clean, affordable 1/1 located just a block from the north border of UT campus, but it’s got lots of great extras included in the price. If you’ve been looking for an affordable 1/1 near UT in West Campus for an August 2010 pre-lease, this is what you’ve been waiting for. And with excellent local management, an ideal location, and bonuses that aren’t included in almost any other West Campus apartment or West Campus condo, this is definitely the one. University Quarters offers modest sized (approximately 400 square feet) 1/1 units with parking included. Reserved parking is also included in the rental price for all units and is located just steps away from your front door. Further, trash and hi-speed wireless internet is included at not additional cost!
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It’s often extremely difficult to find an affordable apartment within walking distance to UT campus that’s worth living in - much of the private inventory (duplexes, houses, etc.) is in very bad shape, and some of the larger apartment complexes that do have lower prices are downright scary. That’s why we are so impressed with Camino Real - a West Campus apartment complex with clean units, gated access, ample FREE parking, and an ideal location just a few blocks from campus near the ZBT house. A management company with a solid reputation, excellent pricing structure, and great location make this an excellent choice for 2010 pre-lease, and prices start at just $775 for a spacious 1/1. Interested in finding an affordable West Campus apartment for next year with lots of perks but aren’t interested in paying outrageous prices? Look no further than Camino Real - just call up your West Campus Living agent (after all, they’ve been voted #1 three times in a row) to schedule a property tour today!
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According to the Austin American Statesman and the Real Estate Center at Texan A&M (boo Aggies!), after two years of steady decline in occupancy rate and pricing in the Austin apartment market, the end of the 2009 saw improvement and 2010 looks to be a strong recovery year for the Austin market. The uptick in prices and occupancy can be partially attributed to the generally strong and steadily-recovering local economy, the fact that Austin has had fewer layoffs than most other major cities, and the general desirability of relocating to Austin. The fact that fewer buyers were purchasing new homes also leads more people to choose apartment living as an alternative, and this probably won’t change much into 2010, although the most recent data suggests that Austin actually had a massive year-over-year increase in home sales in December as well (over 57% according to the Austin Board of Realtors). The major takeaway from all of this: despite the fact that over 4000 apartments were added to the Austin market from June-December alone, more units were actually leased in that period than were built, which is a perfect example of the resiliency and singular nature of the Austin market for rental property and and even better reason to invest in multifamily property in Austin, TX!
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This Wednesday, West Campus Living was voted by students at the University of Texas at Austin to be the best apartment locator service in the UT area for the third consecutive time. The UTMost award was presented as part of a special biannual publication of the university’s daily student newspaper, The Daily Texan, which highlights the most popular businesses serving UT Austin. Released on September 23, 2009, this edition honors West Campus Living with the award in the real estate category - businesses that help students and their families find apartments, houses, or condos near UT and in Central Austin - for the third time. West Campus Living has now received this award every time it’s been given since they opened their doors in Summer 2008.
Among the apartment communities that West Campus Living leases to UT students are larger corporate apartments such as The Block, The Quarters, Jefferson 26, The Venue, Jefferson West, Texan West Campus, Texan Shoal Creek, Texan Pearl, The Triangle, and The Gables, as well as newer projects such as The Vintage and West Campus’ only true high rise, 21 Rio. West Campus Living provides online access to information about these and other properties in Central Austin on its website, westcampusliving . com - access is free to all users. “The online search we provide for West Campus and North Campus properties is our way of helping UT students and parents make smart housing decisions and know their options,” says Rojo.
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So we’re reaching the end of the UT Apartment leasing season, and school starts in just a few short days at UT Austin. But while most of the West Campus inventory is taken, there are plenty of apartments, houses, and condos in West Campus just waiting for someone who has the last minute need for a place near UT and for whatever reason has waited until the final days to lock something down. Immediate move ins, huge price drops, and other market conditions that are very rare in during the early summer are now the norm, and we’ve had clients move in the same day as they filled out applications! Overall, apartments such as The Block, The Quarters (though they still have some 2 and 3 bedroom plans available!), The Venue, Lone Star Lofts, and The Villas are essentially (or actually) leased up, but several others such as Jefferson West (with double occupancy rooms starting at only $750!) and 21 Rio are offering incredible prices (up to 40% of previous market value) in these final weeks of West Campus leasing. If you’re looking for a DEAL there’s no time like the present to give us a call and get connected with a knowledgeable agent who can help you navigate what’s out there.
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Just north of UT campus in Central Austin are the outstanding Guadalupe 31 condominums. The explosion of apartment construction in the past five years near UT has not gone unnoticed, but during the same period many smaller projects with a lower profile among student populations have come on the scene as well. Guadalupe 31 is just three stories tall, but with an ideal location at 31st and Guadalupe close to shopping, restaurants, retail, and of course the University of Texas, it’s among the most coveted of the UT area condo projects. Built in 2005, the project quickly sold out and though several of the units have changed hands since then, most of the owners either occupy the project themselves or lease to students, making the project a nice middle ground between student-only living near UT and downtown style condos with virtually no college students. Read on to learn more about this upscale condo community near West Campus in UT Austin: Guadalupe 31.
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Just northwest of UT Campus a brand new property has emerged in 2009 that hasn’t received as much attention as new West Campus projects such as the Vintage or 21 Rio, but should. It’s called the Buckingham Apartments, and as a quality, medium-sized new project with reasonable pricing, we think it’s a shame more UT students weren’t able to capitalize on the outstanding opportunity at the building this year. Set against the mature trees and quiet streets of West Avenue, the project offers a combination of amenities, location, conveniences, and style that’s unparalleled for the price in the neighborhood. And thanks to lots of word of mouth as well as some aggressive marketing by a small group of realtors has left the project fully booked for the Fall, and there’s a reason why - just read more to find out about the Buckingham Apartments in North Campus.
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