Northwest Austin Edition | July 2020

NORTHWEST AUSTIN EDITION

VOLUME 14, ISSUE 6  JULY 31AUG. 27, 2020

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Solutions at RM620 andAndersonMill shelved for I35work

Gridlocked out Trac on RM 620 in Northwest Austin has outgrown the roadway’s designed capacity, local ocials say. As of today, there is no funding in place for any expansions or improvements at the intersection with Anderson Mill Road.

620

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BY IAIN OLDMAN

After years of lobbying from nearby residents and local ocials, funding was approved in the spring of 2019 for an overpass and other roadway improve- ments at the intersection of RM 620 and Anderson Mill Road in Northwest Austin. One year later, that funding was shued to pay for monumental I-35 projects. A June 8 vote from the Capital Area Metropolitan Planning Organization redirected $25 million ear- marked for the intersection overpass project to the I-35 Capital Express Project. That $4.9 billion I-35 project will add dedicated, nontolled lanes through the city of Austin to alleviate congestion along one of the state’s most clogged highways. CONTINUED ON 22

Projected average daily trac in 2045 67,000 54.07% increase from 2018

SOURCE: TEXAS DEPARTMENT OF TRANSPORTATIONCOMMUNITY IMPACT NEWSPAPER

Resuming ACT IVI TY After home sellers held o putting their properties on the market due to the coronavirus, new home listings are nearly where they were last June.

2020 EDI T ION REAL ESTATE

Promising housing indicators point to return of climbing Northwest Austin real estatemarket

Number of new listings

300

2019 2020

200

BY IAIN OLDMAN

brief—uptick in some metrics signies a recovering housing market. “Austin is one of the best real estate markets in the country froma residential perspective.We’rewell-po- sitioned to come out of the [coronavirus] in pretty good shape,” said Vaike O’Grady, Austin regional CONTINUED ON 20

After slogging through a spring season that saw the Northwest Austin real estate market follow citywide dips in home listings and sales, some new signs of life for sellers, buyers and Realtors are beginning to emerge amid the coronavirus pandemic. Local real estate experts say the promising—albeit Please join your friends and neighbors in support of Community Impact Newspaper ’s legacy of local, reliable reporting by making a contribution. Any amount matters. Together, we can continue to ensure our citizens stay informed and keep our local businesses thriving. Become a #CommunityPatron

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SOURCE: AUSTIN BOARD OF REALTORSCOMMUNITY IMPACT NEWSPAPER

2020 EDI T ION REAL ESTATE FIVE PAGES OF CONTENT INSIDE

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