Lots of Californians are moving to Austin. And compared to Florida.... well you won't need to buy hurricane insurance for starters. Here is an excellent run down of the real estate demographics in the Austin/Round Rock area reported as of 2006. Home prices here are stayed about the same or climbed a little higher since last year. Remember too in Texas we don't have a state income tax... so you get some reflection of that in the property taxes.

This is an interesting report despite the fact that it was complied by Aggies.

http://recenter.tamu.edu/mreports/AustinRRock.pdf

The Austin Real Estate Blog reports this week:
http://www.escapesomewhere.com/austinblog/

"The January stats for the Austin Real Estate Market are out. Not surprisingly median prices were up 5 percent from this time last year going from $166,050 to $175,000. The average price went from 226,167 in January 2006 to 242,718 in January 2007.

The number of houses on the market was down 3 percent from 7143 to 6956. This is part of the problem we have been facing recently. There are not alot of properties on the market. This is especially true in central Austin. With alot of people looking at the same properties we have been seeing more multiple offer situations. In fact, our last 3 contracts have all been multiple offer situations. Personally I like it when the market is kind of calm."