Welcome to DEN

DEN Property Group is an innovative, turn-key real estate group that creatively solves our clients' challenges from selling, buying and investing in architecturally-significant, sustainable and luxury...

Mid-Century Inspired Modern

1904 Paramount Ave / 78704

Recently featured in Architectural Digest and Texas Monthly, this reimagined mid-century inspired modern home located in the heart of Zilker Park / Barton Hills is a collection of thoughtfully-planned...

W Austin Penthouse

Interiors by Michael Hsu

Lake and city views through 14’ floor-to-ceiling windows from the 35th floor of the W Austin Residences. 3 bedrooms, 3.5 baths, 2 terraces and 3-car enclosed garage.

Private Estate in Escala

4404 Mirador Dr

Private tuscan estate situated on 3.4 acres in the coveted Escala neighborhood with sweeping views and direct access to protected Barton Creek greenbelt.

Modern Masterpiece designed by Dick Clark

1107 Folts Avenue

This modern masterpiece designed by Dick Clark of Dick Clark + Associates is now for sale and recently featured in Dwell Magazine. Contact Bryan Cady for more information or a private tour.

Hill Country Modern in Rob Roy on the Lake

600 Barrett Lane

Lake Flato inspired architecture aligns resort-style amenities with sustainable design, form, and function.

Tarrytown Modern

2912 Cherry Lane

New construction with detached garage and guest suite in the heart of Tarrytown on coveted Cherry Lane

70 RAINEY

Explore The Other Side of Rainey

70 Rainey is a limited collection of 164 luxury residences for sale with unparalleled views and over 31,000+ SF of indoor & outdoor amenities. Visit 70Rainey.com for more info.

50+ Acre Ranch

Meticulously maintained ag-exempt estate

Offering the rare combination of proximity and privacy with the amenities of a turn-key luxury Hill Country home.

Travis Heights

2001 Alta Vista

Private lot with pool, lush landscaping, and heritage oak in the heart of Travis Heights.

Austin Proper Residences

Expected Residences Delivery Q1/2019

The Austin Proper Residences are a limited collection of 99 residences and penthouses atop the Austin Proper Hotel in the heart of the vibrant 2nd Street District.

802 Meriden Lane

Tarrytown Gem with an awe-inspiring private backyard

With over 2,500+ SF, the open floor plan flows perfectly throughout with a large master down that boasts high, vaulted ceilings and an abundance of natural light.

End of Year Texas Economic Review

Posted by Bryan Cady on Tuesday, January 5th, 2016 at 11:04am.

To start the new year, here's a great economic forecast from our friend Mark Sprague, The State Director of Information Capital for Independence Title. This excerpt is specific to Austin; click here to read the entire article.

"...Austin is the last major Texas metro that we will address. Austin cannot continue to grow West due to geography, road infrastructure, and environmental concerns. Do we move east, north or south? Recruitment of new business and organic local growth will be the driver of our city’s economy for the foreseeable future.

Google and Apple have not even begun to hit stride in expansion. Other companies that are moving to or expanding in Austin are Dell /EMC, GMC, Hewlett Packard, the University of Texas medical school, and Emerson Process Management. The potential for continued growth is much greater in Central Texas than the rest of the nation.

The strength of this market is shown by the number of units being brought to the market and absorbed. It is not a secret that Austin has the most expensive housing costs in the state of Texas, and this trend will continue in a slower fashion, even as more supply comes online. While the median household income can still buy a median-priced home in areas surrounding Austin, home values in the core are well out of range for many would-be homeowners. As a result, demand for apartments in these areas has risen significantly as residents seeking to locate near popular employment and cultural districts choose to rent in lieu of homeownership. This is apparent as we see 10,800+/- units brought to the market, following 12,100 in 2014. That type of growth and development has not been seen since the late 80’s in the Austin area. Yet concessions are few, and rents continue to rise, although slower.

The Liberty Hill, Cedar Park, and Leander areas are experiencing rapid growth because they have some of the last affordable, developable land available. Home sales in the $400K to $700K will be the most difficult to move for sellers. Values will continue to improve, just not as aggressively. As a smaller builder, I would stay focused on value for the dollar and keeping labor happy as competition continues to battle for their services. The ability to build entry level homes will present opportunity for large market share for those builders who can do so.

The demand for office space is apparent with the number of construction cranes dotting the landscape. In 2015 3.5 million square feet will be completed, which is the largest amount of space delivered since 2007. Last year, office inventory rose by 1.1 million square feet. The strong demand has kept occupancy in the low 90% range, and rents continue to escalate.

We started this conversation concerned with the cooling of the regional market. Yet, if we look at the numbers, the continued pace of sales and values should continue. All this positive news actually scares me a little, since in my lifetime I have never seen Austin or Texas with this level of potential and few clouds on the local horizon. Time will tell."


Be the first to comment on this blog entry!


Leave a Comment