There’s no shortage of large, corporate apartments in the West Campus area, many of which are a bit overpriced and charge extra for reserved parking spaces. That’s why were so glad to find out about an older West Campus apartment that’s been a bit under-the-radar for the past few years but is definitely a student favorite: 1900 San Gabriel Apartments. They may be a built old, but the mature trees on the lot, huge units, reserved parking spaces, and attractive stucco exterior have aged extremely well, and these are definitely among the largest units for the price in all of West Campus. Located at the intersection of MLK and San Gabriel, these apartments are not only just blocks from UT Austin and all of the UT-area retail and restaurants, but just two blocks from Pease Park and the hike and bike trail as well. Looking for an outstanding value on a classic West Campus property? Need a property that’s fairly priced and includes parking that’s reserved for your unit? Tired of all the corporate inventory that’s essentially the same? Look no further than the outstanding apartments at 1900 San Gabriel - available now for pre-leasing for the 2010-2011 school year!
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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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A recent Austin Towers article points out the fact that the huge number of top ten lists, shout-outs in business magazines, positive press coverage, and explosive growth rate in Austin all point to an undeniable fact: Austin, TX is no longer a sleep college town, but rather a thriving top-tier city that is going to continue to attract huge new residents in the coming years. Austin has grown rapidly during the last decade (as have the surrounding areas such a Pflugerville and Round Rock which have both been among the fastest growing cities in the US in the past five years), and people coming to Austin are eager to take advantage of the fantastic job market, stable real estate prices, quality of life, and more. How does this relate to the UT real estate market? Investing in UT real estate isn’t an excellent idea just because of steady appreciation, consistently high occupancy, and unparalleled location, but also because as Austin continues to grow and true central city density develops, property is going to be at an even greater premium that’s closer to Downtown, parks, major thoroughfares, and retail/dining. Sound familiar? That’s UT Austin, specifically the North Campus and West Campus areas (you can search for properties here or learn more about the neighborhoods here), and West Campus Living is here to help you make the smart move today. Read on to learn more about some of the recent attention Austin has received and some of the ways in which it’s going to be one of the most important American cities of the next two decades.
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Just north of UT campus in the wonderful Hyde Park neighborhood, duplexes and houses geared towards students are a great alternative to some of the tiny North Campus apartments offered by campus firms. Houses are a great way for your group to share fixed costs, have fun living together, and utilize ample common space for a variety of purposes. This house on Duval Street, offered by West Campus Living, exemplifies what’s great about choosing a house as a UT student - location, features, and cost are all perfect for you and your roommates looking for a sweet pad for next year. Lots of houses in the area aren’t well maintained, have extremely small bedrooms, don’t allow pets, have tiny yards, or don’t feature ample parking for you and your friends. But this house is really something special: keep reading to learn more about this fantastic property at Duval and 46th Street — 4600 Duval.
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While we’re relatively comfortable in the campus market - high occupancy, stable prices, and quick turn each August are the name of the game - the Austin, TX apartment market has experienced some significant changes as the economy has shifted over the past two years. According to a recent article from the Austin Business Journal, many Austin “Class A” apartment owners (this is virtually all apartments in the campus area as well as countless others around Austin) are going to face operational and financial challenges during the first half of 2010. Read more to find out about the difficulties that they will face, learn more about the market for homes, condos, and apartments in Austin, and get a sense for how these changes in the rental market will affect the average renter.
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The Austin, TX real estate market is weathering the storm. Despite a tumultuous economic climate, a major recession that’s been particular hard on the housing market, and high unemployment, Austin has weathered the storm, offering solid returns on real estate investments and a stable job market thanks to an educated workforce coming from the University of Texas. We’re fortunate to have had stable home prices, rising home sales, stable rent prices in central Austin neighborhoods (particularly West Campus, North Campus, and Hyde Park that cater to students), and increases in housing starts and new jobs despite the economy. We’ve even seen a strong downtown condo market develop and prosper over the last five years, and despite some naysayers claiming we’re going to have a downtown condo bust akin to Miami or Las Vegas, the evidence doesn’t justify their claims - our inventory is actually quite low compared to the large numbers of new people moving to central Austin, and we’ve seen strong sales despite changes in the lending arena and overall housing market issues. The bottom line: Austin has been and will continue to be an excellent place to invest, whether you are a UT student or not, and according to recent research by Coldwell Banker, Austin is among the easiest of the desirable college towns to afford.
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West Campus Living is now hiring NEW and EXPERIENCED real estate agents to join our growing team. Don’t have your real estate license? No worries - some of our students finish their classes in as little as 48 hours! After a very successful first year and being voted #1 by UT students THREE TIMES in the UT Most award with the Daily Texan, we’re excited to keep expanding our reach in the Central Austin market. This job is commission based so the sky is the limit and we move as fast as you do.
Are you a UT-area leasing or sales agent looking for a change? Are you tired of the same old west campus agencies and looking for a more charismatic, energetic company that provides you with a lead system to manage your leads and an invoice system to bill and track your transactions….all for free? West Campus Living is the market leader in West Campus and is growing each and every month, and this is due to the fact that more and more agents are catching on to the unbeatable combination of tools they offer.
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2513 San Gabriel
These days there’s no shortage of high-rises and corporate apartment complexes in West Campus. It seems like every year hundreds more bedrooms come rushing in and yet prices tend to hold or increase. What’s becoming more and more scare through this process are quality, privately owned properties available in the West Campus area [...]
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Looking to live in the hottest new high-rise in West Campus? Only two buildings were built last year in the area catering to the student pre-leasing population: The Vintage and 21 Rio. The Vintage is a fantastic property that has a lot to offer, including a phenomenal location right next to UT, but 21 Rio is the unquestioned height of luxury in West Campus. As the only true high-rise in West Campus, 21 Rio offers incredible views of both West Austin and UT Campus, outstanding finish outs, and unparalleled services and amenities. After being completed late this Summer, the property is now 100% occupied for 2009-2010 and so far the reviews have been overwhelmingly positive - residents are amazed at the build quality (especially in comparison to some of the more recently constructed apartment buildings such as Phase II or the Block and the Quarters), unobstructed views, and fantastic location. Read on to learn more about this outstanding property and find out how you can pre-lease 21 Rio starting as early next week!
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