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Central Texas Real Estate, Jeannette Morrison, NW Austin, Round Rock

Elementary Principles announced for new Leander Schools in Mayfield and Westside Preserve at Buttercup

New Principals for Mayfield elementary school

New Principal for Westside Preserve at ButtercupLeander ISD announced the Elementary Principals for their three new elementary schools. Leander ISD schools

Superintendent Dr. Bret Champion announced Sharon Hejl, current Faubion Elementary principal, as the principal selection for new Leander ISD Elementary #20, being built in the Parkside at Mayfield Ranch, just north of the Williamson County Park off of CR175. Hejl, an 18-year teacher, has been Faubion principal for the past four years.

Sarah Grissom - assistant principal at Faubion since 2004 and interim principal at Winkley Elementary from March - June 2007 - has been named Faubion Elementary principal.

Suzanne Villalpando, current Lake Travis Elementary principal, was named LISD Elementary #21 Principal. Villalpando has been an assistant principal and principal in Lake Travis ISD since 2002. The Elementary #21 site is located off of Nelson Ranch Road in the Westside Preserve at Buttercup.

Source: Leander ISD

Cedar Park is getting a new entertainment complex and even center!!

Cedar Park Texas

NewsIts official.....Cedar Park Mayor Bob Lemon signed a contract with Hicks Sports Management Group (HSG) Wednesday night for a new event center. The groundbreaking is set for May 2008 with a scheduled opening in October 2009.

Not only will Cedar Park get a complex out of the deal -but HSG, (owners of the Dallas Stars and Texas Rangers) said it will bring its American Hockey League affiliate - the Iowa Stars - to Cedar Park and will name them the Texas Stars.

According to the Hill Country News, for the past 6 years the city has tried to get an event center but were unsuccessful until Wednesday 2/20/08.

The Cedar Park Event Center will cost approximately $55 million, of which $43 million will come from the city. HSG will foot $12 million of the cost -which works out to be approximately 22 percent. Worked into the deal, the city will receive half of all ticket fees (not the actual ticket cost but the "fees" that will be tacked on to the cost of a ticket). The city will also draw sales tax from the actual cost of the ticket, any beverages or food sold inside, any parking or any merchandise sold.



Where will the event center be located? The northwest corner of the New Hope Road-183A intersection, the front of the event center will face east. The event center will be built to seat 6,800 for hockey games and 8,700 for concerts or 7,200 for concerts when retractable seats are removed. Planning includes 2,500 parking spots on the site and for special events the ffacility event floor can accommodate approximately 1,900 folding or stacking chairs for concerts and other special event. The center will also include a club level on the south side and lounges on the suite level. Six main concessions are planned in addition to fixed or portable condiment stands.

For more on the event center accommodations visit Hill Country News.


Soure: Scott McDonald, Hill Country News

Travis County Home Sales January 2008 vs January 2007

Travis County

Active Listings

4129

Pending Contracts

1070

SOLD 2008-596 Properties

List Price

Sq Ft

$/SF

Sales Price

LP:SP%

DOM

Avg

$309,885

2,125

$139.01

$295,389

95%

67

SOLD 2007 -747 Properties

Avg

$287,290

2,109

$131.66

$277,673

97%

65

~ 5.6% increase in price per sq ft

Closed units dropped from last year. However, the average home sales price increased while continuous days on the market remained approximately the same. Travis county's price/sq ft increased ~ 5.6%from 2007 to 2008.

Price per sq/ft is rounded to the nearest hundredths. Slight rounding error occurs from the loss of significant digits when price per square foot is calculated.

Source: ABOR Actris -MLS. Data is believed to be accurate but not guaranteed

Williamson County Home Sales January 2008 vs January 2007

Williamson County

SOLD 2008-414 Properties

List Price

Sq Ft

$/SF

Sales Price

LP:SP%

DOM

Avg

$217,395

2,216

$94.02

$208,339

96%

68

SOLD 2007 -491 Properties

Avg

$193,909

2,102

$89.75

$188,647

97%

70

~ 4.8% increase in price per sq ft

Active Listings

2486

Pending Contracts

684

Closed units dropped from last year. However, the average home sales price increased while continuous days on the market remained approximately the same. Williamson county's price/sq ft increased ~ 4.8%from 2007 to 2008.

Price per sq/ft is rounded to the nearest hundredths. Slight rounding error occurs from the loss of significant digits when price per square foot is calculated.

Source: ABOR Actris -MLS. Data is believed to be accurate but not guaranteed

Moving Up or Refinancing...NOW is the time!!!

buying a home

I received this great article today from the Texas A&M Real Estate Center that I thought was definitly worth passing along....hope you enjoy.

For those considering moving to another home or refinancing their current homes, Real Estate Center Chief Economist Dr. Mark Dotzour says there may not be a better time than the present for many years to come.

"Inflation is clearly rampant all over the world, including in the United States," he said. "When inflation is a problem, mortgage rates go up. Rates probably should be much higher right now, but they aren't."

Why are rates so low when inflation is not a fear but a fact? Dotzour says the fear of a global collapse of the banking system is greater than the fear of inflation for the world's bond investors.

"Wall Street has a name for the phenomenon, and it's called the ‘flight to quality.' When investors get concerned about global conditions, the United States is the haven of safety," Dotzour said. "As investors moved money into U.S. Treasury bonds, the ten-year treasury rate dropped from 5.3 percent in August to 3.7 percent today."

Dotzour said investors who are using U.S. treasuries as a safe haven are willing to accept a 3.7 percent interest rate even though the U.S. inflation rate is at 4.1 percent.

Once the banking system is repaired and the fear of global collapse of the banks is over, Dotzour predicts treasury rates and mortgage rates will move up, maybe substantially.

"If you believe that we are in for a global financial collapse, then don't refinance yet because interest rates will continue to fall," he said. "If you think the U.S. government and the central banks around the world won't let this happen, then now is the time to get a fixed-rate mortgage at rates we haven't seen in the past 40 years."

With more inventory in our area -right now is a great time to think about purchasing the home of your dreams. Its a buyers market so lets take advantage of the situation!!

If I can be of any assistance to you in the purchase of a home in the Round Rock, North Austin, Lake Travis, Cedar Park or Leander area....please don't hesitate to contact me!

Source -Texas A&M Real Estate Center