Affinity Properties Group Releases An Update in Austin Real Estate Market
06/04/2009

With extensive market research, the Affinity Properties Group has compiled an update of the statistics of Austin real estate market. The statistics indicate that office spaces are sold at a faster rate than ever before due to the fall of prices through the past three months, according to the professional Realtor Mr. Joe Cline of REMAX Capital City, Affinity Properties Group

Online PR News – 04-June-2009 – – Austin, Texas ( OnlinePRNews ) June 4, 2009 – “The Austin real estate market (http://www.affinityproperties.com) has seen many ups and downs through the past three months (Jan 2009- March 2009). The interesting thing about the Austin real estate market is that the prices kept on swinging more frequently, going up to $250k mark from $230k and then falling back again. The graphs plotted with the data of selling price prevailing in the Austin real estate market for the period Jan 2009 – March 2009 will show a ‘w’ shaped pattern” says Mr. Joe Cline.

He added that, “I am not going to overwhelm you with numbers and figures anymore, let’s get to the point now. Though the real estate market seems to be depressed world-wide and is waiting for a recovery, the Austin real estate market has survived the toughest economic period successfully. The sale prices of the office spaces in Austin have fallen by 27% this March and hence they have sold very quickly. Many investors are very much interested to buy properties in Austin because of the ready availability of properties and the very affordable pricing.“

“Towards the end of March 2009, the real estate prices climbed up and turned favorable to both the sellers and buyers equally. These are favorable signs for the growth of Austin real estate market. However, it is not wise to foresee the market condition by just seeing an increase in the prices of properties for just one month. If the prices continue to rise, investors will be able to reap great returns in near future”, says Mr. Joe Cline

He concluded that, “The current Austin real estate market condition is really favorable for the buyers. The oversupply of the properties and office spaces in Austin and the falling prices are good opportunities for the investors. Austin is one of the best places in the country for both individuals and businesses; best quality of life, good employment growth, etc. The smart money is on the move to acquire properties in Austin.”

About Affinity Properties

Affinity Properties is one of the most productive and experienced REALTORS in Austin. Affinity Properties has been in business in Austin for over 6 years and specializes in west Austin from Lake Austin to Lake Travis. Affinity Properties is a RE/MAX agent in the Austin, Texas market. For more information, visit www.affinityproperties.com and www.joecline.com .

About RE/MAX International, Inc.

RE/MAX was co-founded by Dave and Gail Liniger in 1973. From a single office in Denver, Colorado, RE/MAX has grown to be a global network of nearly 100,000 Sales Associates in more than 70 countries. No one in the world sells more real estate than RE/MAX. Today, all U.S. home listings in thousands of cities and towns can be found at www.remax.com.

Contact:
Joe Cline
REMAX Capital City
Affinity Properties Group
(512) 795-4532
info@affinityproperties.com

###