3001 Bee Creek Rd Commercial Lease Property in Spicewood, Texas, Contact Agent Willy McGee

 

3001 Bee Creek Rd Commercial Lease Property in Spicewood, Texas, Contact Agent Willy McGee 

$10,000 per month for Lease

From Hwy 71 West, go 3 miles past Hamilton Pool rd, R-Bee Creek Road (3.5 miles). House/Bldg is on the left, on the corner of R. O. Drive, and Bee Creek Rd. Entrance is gated, on Bee Creek Rd Mailbox is at 3001 R. O. Dr. dont drive in at the mailbox!

 Large Stone Bldg, paved parking, elect. gate, 6 Large Rooms for flex-space. Full kitchen, 2 restrooms, View of Oaks, Carpeted, Stained Concrete Floors, 2 Covered Porches. Owner would prefer event space as the next use!!(Venue, performance hall, entertainment). Owner in works of attaining liquor license.

Click here to contact the Active MLS Lease Listing Commercial Agent = Willy McGee 

Per Redfin; Nearly 6,000 U.S. Homes Have Sold For $100,000+ Above Asking Price This Year - Redfin Real Estate News

Nearly 6,000 U.S. Homes Have Sold For $100,000+ Above Asking Price This Year

March 8, 2022 by Dana Anderson

At the same time last year, 2,400 homes had sold for at least $100,000 over asking. Americans were competing for a limited number of homes for sale at the beginning of this year, trying to get ahead of rising mortgage rates—and they paid up to win.

Nationwide, 5,897 homes sold for at least $100,000 over asking price at the beginning of this year, up from 2,241 during the same period last year. The Los Angeles metro area led the way, with 718 homes selling for at least $100,00 over asking price, more than any other major metro and up from 273 a year ago.

This is according to a Redfin analysis of sale prices versus list prices in the 50 most populous U.S. metros from Jan. 1, 2022 through Feb. 15, 2022, compared with the same period last year.

Homebuyers are paying up in an effort to beat other bidders competing for the few homes on the market. January was the most competitive month on record, with 70% of home offers written by Redfin agents facing bidding wars (adjusted for seasonality). Partly as a result of fierce competition, the median home-sale price rose 14% year over year to $376,200, just shy of the all-time high.

Housing demand is outpacing supply as pandemic-fueled remote work encourages many homebuyers to relocate to more affordable parts of the country, while the number of homes for sale is at an all-time low. Many buyers of homes that closed in the beginning of 2022 were rushing to take advantage of 3.1% December mortgage rates before they started to rise. The average 30-year rate was 3.76% for the week ending March 3, down from the February peak but still substantially higher than the record lows reached last year.

“The housing market was in a frenzy in the beginning of 2022, with buyers competing for a limited supply of homes and sellers reaping the rewards of bid-up prices,” said Redfin Deputy Chief Economist Taylor Marr. “Buyers are likely to face strong competition at least through the next few months as demand is buoyed by the temporary drop in mortgage rates fueled by the Russian invasion of Ukraine. But bidding wars may ease a bit by summer as more new listings come on the market and mortgage rates resume their rise. Homes are still likely to sell above list price, but the premiums will probably be lower.”
Pricey California metros top the list of places where homes are selling six figures above asking price

Six of the top 10 metros where homes are selling for six figures above list price are in California. Los Angeles is followed by Oakland, where 580 homes sold for at least $100,000 over asking price at the beginning of this year. Next came San Jose (490), Seattle (488), Anaheim (365), San Francisco (335), San Diego (323), Boston (158), Denver (125) and New York (109).

Los Angeles has the most homes selling for substantially above list price partly because it’s so pricey and partly because it has more home sales than almost all other major metros. Home prices rose 15% year over year in January to a median of $825,000, making it the second-most expensive place in the country to buy a home, after the Bay Area. The rest of the top 10 are also expensive compared to the U.S. as a whole.

Los Angeles, even more than most other parts of the U.S., is grappling with a supply shortage—prompting buyers to pull out all of the stops to win. The number of homes for sale in Los Angeles dropped 29% year over year to an all-time low in January.

“On top of a lack of homes for sale, which makes everything a hot commodity, buyers are just plain eager,” said Los Angeles Redfin agent Sylva Khayalian. “They’re anxious to purchase a home ASAP because as rates rise, they won’t be able to afford the homes they’re looking at now and they’ll soon have to drop into a lower price range. People are willing to bid up home prices because they want to be done with their search.”

Dana Anderson

As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.

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per Culture Map, 5 affordable Austin, Texas suburbs for residential living, buying, owning..

THE PRICE IS RIGHT

5 Austin suburbs that unlock affordable homes for first-time buyers

By John Egan

Mar 8, 2022, 9:08 am

Any hopes of ever buying an “affordable” house in the city of Austin are quickly fading, especially for first-time homebuyers.

In January 2022, the median sale price of a home within the city limits climbed to $550,000, up 20.9 percent from the same time a year earlier, according to the Austin Board of Realtors. Even the median sale price for the entire Austin metro area is increasingly out of reach for many first-time homebuyers — $476,000 in January 2022, up 30.4 percent from a year earlier.

However, some Austin suburbs enable first-time buyers to get more bang for the buck. While they might be a fair distance from Austin itself, a number of suburbs offer home prices at least $100,000 below the region’s median price.

In alphabetical order, here are five suburbs that are affordable for first-time buyers, at least compared with the metro area’s median sale price. All median sale prices for these suburbs, courtesy of residential real estate brokerage Redfin, are from January 2022.

Elgin
Median sale price: $295,000
The official Sausage Capital of Texas and the Brick Capital of the Southwest, Elgin was home to nearly 9,800 people in 2020. It’s about 25 miles east of Austin.

One of the highlights of Elgin is its 14-block historic district, comprising commercial and industrial buildings that were constructed from 1872 to 1947. Most of the buildings are made of locally produced bricks.

Of course, Elgin also gains acclaim for its highly respected producers of sausage: Meyer’s Elgin Sausage and Southside Market & Barbecue. Both businesses are barbecue mainstays in the Austin area.

While few major employers are located in Elgin, the Bastrop County suburb’s proximity to Austin and Round Rock enables residents to fairly easily commute to work.

Jarrell
Median sale price: $358,000
Longtime residents of the Austin area vividly remember what put Jarrell on the map: a powerful May 1997 tornado that wiped out an entire subdivision and killed 27 people. Twenty-five years later, the tornado is a historical footnote for some folks, but it’s not forgotten by those who lived through it.

Jarrell, a Williamson County suburb with a population of over 1,200, is more than its past, though. Home construction is booming today, thanks in part to the town’s proximity to Georgetown (nearly 20 miles southwest of Jarrell), Austin (about 45 miles southwest) and Fort Hood (almost 40 miles northwest). Jarrell also benefits from being situated along I-35.

Lockhart
Median sale price: $251,000
While Elgin reigns as the Sausage Capital of Texas, Lockhart can boast that it’s the Barbecue Capital of Texas. Highly touted barbecue joints in Lockhart include Black’s Barbecue, Kreuz Market, and Smitty’s Market.

However, brisket isn’t the only draw in Lockhart, a Caldwell County suburb whose population is around 14,400. Several breweries and antique shops operate in and around Lockhart. Meanwhile, the county courthouse is said to be the state’s most photographed courthouse, thanks to the array of movies and TV shows that are shot in Lockhart.

Lockhart residents can work at or patronize any number of local businesses, but they also can take advantage of employers, restaurants, entertainment venues, and other amenities in Austin (almost 35 miles northwest of Lockhart) and San Marcos (18 miles to the west). Lockhart conveniently sits along the 85 mph SH 130 toll road.

Manor
Median sale price: $367,000
Located along SH 290 near SH 130, Manor sits at the crossroads of growth in the Austin area. Its location just 12 miles east of Austin gives Manor status as a relatively low-cost suburb with easy access to workplaces and a lot more. Nearby employers include Applied Materials, Samsung, and Tesla.

It’s no wonder, then, that the population of the Travis County suburb skyrocketed 171 percent from 2010 to 2020, landing at more than 13,600. Given the ongoing population growth, Manor continues to see an explosion of homebuilding activity. U.S. News & World Report lists it among the 25 best small towns to live in the U.S.

Taylor
Median sale price: $327,000
The Williamson County suburb of Taylor about 35 miles northeast of Austin may not have been on your radar till November 2021. That’s when Samsung announced it would build a $17 billion chipmaking plant in Taylor that promises to employ more than 2,000 people. It’s by far the biggest thing to ever happen in this town of nearly 16,300 residents.

Even before the Samsung bombshell, Taylor was blossoming “into a quickly expanding hub of culture and business,” according to Austin-based Aquila Commercial, a commercial real estate company.

On the business front, Elgin is home to employers like the Electric Reliability Council of Texas, Durcon, Burrows Cabinets, and the T. Don Hutto Residential Center. Among the standout cultural features of Taylor are the nine-block downtown historic district, barbecue joints, five parks, and live music venues.

Austin: A list of weekly recurring FREE things to do on any day of the week around town - up to date as of March 2022

 per Twitter User; https://twitter.com/marshallgeyer

The New Old West Austin Scene; Check out Hold Out Brewery & Better Half Food on West 5th street...near Downtown...

 

Do you have a question or inquiry about West Austin Real Estate? I grew up and was raised over in West Austin. Contact me, I'll research and work on it. George Vance McGee Broker Associate Austin Silent Market 512.657.9281 georgevance@gmail.com