News in the WC
Join the WCREALTORS TREPAC Committee and kick off your summer right! For a $50 investment in TREPAC you get a seat on the bus to the Pilot Knob Vineyard in Bertram! Also included in your investment is a tour of the vineyard, wine tasting, and heavy hor d'oeurves. The bus will depart from WCREALTORS at promptly 1:00 PM; check-in and networking to begin at 12:30. Call the Association at 512.255.6211 to purchase your ticket(s) today! The event is for members of the Texas Association of REALTORS only and is not intended for the general public.
February was another record setting month for Williamson County according to the data in the ACTRIS Multiple Listing Service, leading many to expect a record setting year for real estate in Williamson County.
Home prices also hit an all-time high with a median sales price of $232,382, an increase of 16.19% over last year. The number of homes sold increased slightly at 578 homes, a 3.03% increase over February 2014. More surprising was the total volume closed in Williamson County with over $143.8 million in inventory moved, a modest 14.14% increase from last year, and a whopping 117% increase from February 2011.click here to read more
“This month kicks off spring home buying season,” says Len Kiefer, deputy chief economist at Freddie Mac. “Between now and the end of June, we’ll see about 40 percent of all home sales for the year.”
It’s that optimism that has Freddie Mac forecasters expecting 2015 “to be the best year for home sales and new home construction since 2007, when total home sales were about 5.8 million for the year,” according to their U.S. Economic and Housing Market Outlook for March.click here to read more
Texas REALTORS® are receiving requests from Trulia to provide sold data. If you’ve received such a request from Trulia or any party other than your local MLS to report or submit sale price information, keep the following in mind:click here to read more
News You Can Use
The Environmental Protection Agency will finalize a new ground-level ozone standard by October that could impact road development and industrial growth projects in Williamson County if it is not met.
On March 10 the Williamson County Commissioners Court approved a draft letter of suggestions and comments to the EPA to urge the agency to reconsider the severity of the impact of the possible new standards.
“I think everyone here wants clean air—that’s not the issue,” Precinct 1 Commissioner Lisa Birkman said. “I think what we’re trying to say is we want [regulations] to be reasonable.”click here to read more
In September 2010, Tropical Storm Hermine brought widespread flooding to Williamson County, dropping nearly 11 inches of rain in 24 hours in areas including Cedar Park.
The flooding caused more than 2 feet of water to flow over the auxiliary spillway at Dam No. 7 in Brushy Creek Lake Park in Cedar Park, which was built in 1964. According to the Texas Floodplain Management Association, the flood damaged 687 homes in Williamson County. Of those 687, about 150 had major damage from flooding the homes with about 24 to 48 inches of water. The TFMA report shows 32 houses were destroyed after more than 48 inches of water flooded those homes.click here to read more