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Austin’s booming real estate market leads the country with 40 percent of homes selling within seven days. Forbes puts Austin as the number 1 place in the Country to invest in real estate. Beating out Houston, Dallas, San Antonio and Fort Worth who were all in the top 10. Pricewaterhouse put Austin as the second overall city of U.S. real estate markets to watch. Demand continuously increases from an estimated 110 people a day moving into the expanding metropolis that is now the 11th largest city in the U.S
The growth has spilled over in the short-term rentals and the City has embraced, but now regulates the industry with permits for short-term rentals. Not surprising, Austin is the home to the global short term vacation rental listing company - HomeAway. As a technology giant in the real estate industry HomeAway is now publicly traded with listings in 190 countries and employs over 1,750 people.
Technology and real estate are a growing market and Austin's’ growing tech scene is just the place to take advantage of both. Forbes put Austin as one of five cities that is poised to be the next Silicon Valley, which helps explain Austin Technology Council’s prediction of Austin creating 9,000 new jobs by 2017. Major tech companies are encroaching on Dell’s home turf with Apple building a one million sq. ft. campus in Austin. Flush with Venture Capitalists, top-tier University of Texas, young educated workforce (median age: 31) with a booming startup industry it is not surprising to see a real estate technology (Real Tech) company raising money in Austin.
RealMassive just announced it has raised $3 million to hire more employees and expand its business. Numerous new Austin based startups are also raising money from investors and focused on Real Tech. Is Real Tech about to be another growing industry segment for Austin.
A list of the up and coming Real Tech companies in Austin:
RealMassive - helps commercial real estate professionals collaborate and streamline their marketing while gaining critical insight into the performance of their space and buildings
Sparefoot - provides location, contacts and information for the self storage listings market
TenantCloud - provides a free cloud-based property management tool that connects ServicePros with Landlords based on tenants’ maintenance requests
Balcony - provides realtors a platform for tracking and managing real estate referrals and include ACH for completing financial transactions
Idealspot - provides site selection information tailored to the commercial and retail real estate market for businesses looking to find the right location to find the most customers
Kwelia - provides rental market analytics and tools for market rent pricing, apartment ratings, inventory reports and vacant listing maps for property managers and landlords
RealSavvy - provides a way for buyers and real estate agents to collect, share and collaborate about potential homes for sale
Comfy - rental listings specified for the off-campus student housing market
AgentPronto - provides a platform to find, compare and connect with the top 5% buying and selling real estate agents in local markets
StudentSpaces - rental listings for off-campus student housing and apartments
