The Austin City Limits Music Festival has come and gone for 2014 leaving a large boost for Austin’s economy in its wake. Headliners including Outcast, Eminem and Pearl Jam contributed to both 3-day weekends selling out to roughly 75,000 visitors per day. The estimated total in revenue was $175 million for Austin in 2013.
Much of the economic contribution is from out of town guests visiting and staying in Austin for the festival. Roughly sixty-six percent of ACL festival attendees are from out of town and spend an average of nearly $900 per day on food, lodging and retail.
For attendees curious to know what homes are worth near the Austin City Limits Music Festival, below lists up-to-date market data specific to real estate for sale located within 1 mile of Zilker Park:
Austin Condominiums for Sale near Zilker Park:
- Current Number of Active Homes: 23
- Total Number of Pending and Active homes: 31
- Average List Price: $487,884
Austin Single Family Houses for Sale near Zilker Park:
- Current Number of Active Homes: 14
- Total Number of Pending and Active homes: 25
- Average List Price: $1,465,393
Other Zilker Park events include the Zilker Kite Festival, Blues on the Green and the Zilker Trail of Lights lending it to be a source of consistent entertainment year round. Homes located near Zilker Park are considered prime real estate and are consistently low in supply and high in demand.