After the recession of 2007, housing market in Austin has rebounded strongly in 2010. The most sought after area in Austin is Cedar Park. Real estate market has experienced a boom for increasing number of home buyers opting to buy houses in this area. In Cedar Park, there are different styles of homes for sale. Different unique local amenities are enjoyed by the residents of Cedar Park. Real estate market over here is also strong because of the scope of enjoying various outdoor activities. A friendly atmosphere prevails in the neighborhood. Instead of buying, many people are interested in taking leases of commercial properties also. According to a recent market survey, many realtors at Cedar Park are leasing lands, shops or houses. Cedar Park Dance Co. has leased eight 166-square feet at the Buttercup Creek area in Cedar Park. Another one, Sweat it Out LLC, has leased 4,200 square feet at shops on Volente. Elyse Lombardi and Cole Brodhead of Retail Solutions represented the landlord and Marilen Honorato of Habitat Hunters Real Estate Services represented the tenant.
In comparison to the other parts of the US, unemployment rate in Texas has lowered to 7.1%. With the offer of tax credits and lower mortgage rates, this year has proved a good housing market for Austin. When in general the number of MOI (Months of Inventory) remains between 3.5 and 4.5 months for a typical balanced market, it is 7.8 months in the Austin housing market. The Months of Inventory is calculated on the basis of dividing the average number of sales for the last twelve months by the number of current active listings. This has been possible as more and more numbers of home buyers are favoring places like Cedar Park, Houston and Dallas for living.
You will also get information on the facilities available in the surrounding areas, communities, school, and much more. You will have full access to those properties listed under MIL. So why are you waiting? Grab the opportunity and strike a good deal with Austin Discount Realty help. Get started today!
If you want information on the various types of Cedar Park real estate properties that are for sale you can log onto austindiscountrealty.com.