SellAustinTexas

Various sources have cited Austin as one of the healthiest markets among major cities in the U.S. Right now with interest rates at incredible lows and Austin’s relative economic strength, real estate is a great avenue for investing. One pointer for looking for that second home or investment is to look at proximity to downtown, colleges, business districts and events. Central locations have a tendency to hold their value better during tough times because the demand for being near areas of work and play are ever present.

 

 Our listing at 6013 Wilcott is the perfect balance of location and price. This new Newmark detached condo is located 5 minutes from downtown and priced at $239,000. The home is currently leased and the location is perfect for someone who enjoys visiting Austin for events such as SXSW (which brought in about $103M in revenue for Austin businesses in 2008) or someone looking for a low maintenance rental property for college students or young professionals.

Tags: Austin, business district, colleges, downtown, events, investment, south Austin

This entry was posted on Thursday, March 19th, 2009 at 9:23 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.