Georgetown housing growth (ex)spurts 2013Georgetown housing growth (ex)spurts 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=49162014-02-18T07:26:00Z2014-02-18T00:00:00Z

GEORGETOWN - In 2013, the City of Georgetown issued 1,042 housing permits — an increase of more than 39 percent compared with the previous year.

According to Williamson County Association of Realtors (WCAR), resale residential properties in Georgetown had an average selling price of $255,723 in 2013. "There were more homes sold in 2013 than there have been in seven years," according to Gary Cocanougher, president of the WCAR.

“There are a lot of people … just moving here with jobs,” he said. “They’re mainly families, but also there were a lot of young couples moving here. And people getting out of the armed services were settling down here, particularly ones [formerly stationed] at Fort Hood.”

In January 2014 the number of available homes in Georgetown costing more than $250,000 was more than double the number of homes costing less than that amount.

Georgetown homes were on the market an average of 64 days in the first half of 2013 and 49 days in the second half of the year.

The population of Georgetown is expected to grow to more than 100,000 by 2030, according to the City of Georgetown Planning Department, and the increasing population has driven a high demand for homes.

Read more at the Community Impact Newspaper.

Community Impact Newspaper
Austin-Round Rock
http://impactnews.com/austin-metro/georgetown/experts%3a-housing-market-continued-to-grow-in-2013/Read more at {Source}

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