Austin Real Estate Update & Newsletter | August 2017
 

 

Greetings!

 

I hope this newsletter finds you well.

 

This edition includes my latest Featured Listing, market updates about both BartonPlace and Spring Condominium, as well as Austin news and events - enjoy!

 

Featured Listing

New-Construction home For Lease in South Austin - 8906 Jodie Ln. 78748
3 Bedrooms, 3 Baths - $2,690/mo. (Fully Furnished at $3,500)
Gorgeous new-construction home located in West Oak - a unique "pocket" South Austin community. High-end finish-out loaded with upgrades. Smart, single-level floor plan lives large, with 3 bedrooms, 3 full baths and open-concept kitchen/dining/living area. Convenient south Austin location - perfect for executive relocation, temporary local residence, or clientele looking for high-end lease opportunity.
MLS #7628115 |  View Virtual Tour




 
Contact me for more information or to schedule a private showing - l et's talk soon!

Audra W. Smith 
REALTOR, CLHMS, GRI, CNE
(512) 247-8788
Audra@AustinRealEstate.com   
 
BartonPlace Market Update |   www.BartonPlaceAustin.com
Live the best of both worlds at BartonPlace!
  
Live the best of both worlds at BartonPlace - see below for current availability:

One Bedroom:

Two Bedrooms:

Three Bedrooms:
- Unit 4301 - 1,686 SF - NOW $998,000 - View Updated Virtual Tour!


For more information, or to schedule a personal tour, please contact:

 
REALTOR, CLHMS, GRI, CNE
(512) 247-8788
Audra@AustinRealEstate.com   
Spring Market Update  |   www.SpringAustin.com

 

Live in the middle of it all, above it all at Spring - see below for current availability: 


Two Bedrooms:
- Unit 1907 - 983 SF - $625,000 - Virtual Tour
 

For more information, or to schedule a personal tour, please contact:
REALTOR, CLHMS, GRI, CNE
(512) 247-8788
Audra@AustinRealEstate.com  
ABOR Market Update: Central Texas home sales growth normalizes in first half of 2017, home prices continue to rise
 From: www.abor.com

AUSTIN, Texas - July 20, 2017 - Central Texas single-family home sales growth slowed in the first half of 2017 while home prices continued to grow at a steady pace, according to the Mid-Year 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS┬«.

"The Central Texas housing market continued to show signs of normalization in the first half of the year, with positive but more moderate gains in sales activity," said Brandy Guthrie, President of the Austin Board of REALTORS┬«. "Homes are spending more time on the market and housing inventory levels have slowly increased throughout the year. While it could take years for the region's housing market to achieve balance between homebuying and selling activity, these trends indicate that the Central Texas housing market could finally be moving in that direction."

Austin-Round Rock Metropolitan Statistical Area (MSA)
Single-family home sales in the five-county Austin-Round Rock MSA rose 2.8 percent year-over-year to 14,958 home sales in the first half of 2017, while median price rose 6.4 percent year-over-year to $300,000. Home listings also experienced gains in the first half of the year, with active listings jumping 15 percent to 6,153 listings, new listings rising 9.0 percent to 22,293 listings, and pending sales rising 3.5 percent to 16,665 sales. Sales dollar volume in the Austin-Round Rock area was $5,618,721,669, a 10.4 percent increase from the first six months of 2016.

Single-family housing market activity maintained steady growth in June 2017, with home sales volume increasing 4.4 percent year-over-year to 3,415 sales. Median price rose 6.6 percent to $314,000 during the same time frame. Monthly housing inventory jumped 0.5 months annually to 3.1 months, which is just under half of the Real Estate Center at Texas A&M University's benchmark of 6.5 months as a balanced housing market.

City of Austin
Single-family home sales in the city of Austin increased 4.3 percent to 4,680 home sales in the first half of 2017. Of the 22,449 single-family homes sold in the 18-county Central Texas region in the first half of the year, approximately only one in five (20.8 percent) were sold within the Austin city limits. Median price increased 7.7 percent to $365,000 in the first half of the year, while active listings increased 8.7 percent to 1,435 listings during the same time frame.

"So far in 2017, home price appreciation throughout Central Texas has ranged between 5-8 percent," commented Guthrie. "While this is less than the double-digit home price increases experienced over the last few years, the impact on housing affordability for the typical Central Texas homebuyer is still significant. In the city of Austin, for example, the median price for single-family homes in the first half of 2017 was more than $26,000 higher than in the same time period in 2016."

In June 2017, Austin home sales edged up 2.1 percent to 1,015 home sales, while median price jumped 13.2 percent to $393,500 during the same time frame. Housing inventory increased 0.1 months to 2.4 months of inventory, while homes spent an average of 36 on the market, an increase of two days from June 2016.

Travis County
In the first half of 2017, Travis County single-family home sales increased 2.2 percent year-over-year to 7,388 home sales - nearly half of all single-family homes sold in the five-county MSA during the same time frame. In the meantime, median price increased 6.6 percent year-over-year to $351,804. In June 2017, single-family home sales increased 5.2 percent to 1,669 home sales, median price rose 7.1 percent to $375,000 and monthly housing inventory grew 0.3 months to 3.1 months of inventory.

Bat Fest - August 19
From:   www. roadwayevents.com

13th Annual Bat Fest 
What will you see at Bat Fest this year? 1.5 million Mexican free-tailed bats emerging from under the bridge at dusk, 3 stages with live music, more than 75 arts & crafts vendors, delicious food and drinks, fun children's activities, a bat costume contest and other bat activities.

Location: Congress Ave Bridge
Address: 100 South Congress Ave., Austin, TX 78704
Hours: 4pm to Midnight
Cost: Admission $15 Kids 8 and under free with an adult. Early Bird discounts on VIP on a limited quantity.

Flipkey has an article featuring Bat Fest as a top small town event in the U.S.
Here's the link to the full article once more:  https://www.flipkey.com/blog/2017/03/16/small-towns-unique-festivals-america/

Bands Performing:
This is an incomplete lineup. More bands to be added.
Austin Chronicle Hot Sauce Festival - August 20
From: www.austinchronicle.com

What began as a small hot sauce contest in 1990 has grown into the largest competition of its kind and one of Austin's largest and best-known annual food events, drawing as many as 10,000 spectators and over 350 entries each year.

Hundreds of gallons of hot sauce are consumed and beverages are on hand to cool off the overheated. In addition to the hot sauce competition, this truly Austin food event features tastings from local restaurants, culinary demonstrations, sauces for sale, cookbooks, peppers and more, and of course live music. Past performers include Sour Bridges, Joe King Carrasco, A. Sinclair, Dale Watson, Latasha Lee & the Blackties, Money Chicha, Crooks, Shinyribs, and more.

Serving as a major fundraiser for the Central Texas Food Bank, the Austin Chronicle Hot Sauce Festival raised over 758,000 meals in its 25 year history.

Local Food + Drink News
From: www.austin.eater.com

Now Open - Caroline Restaurant - 621 Congress Avenue

INTRODUCING CAROLINE
DOWNTOWN'S NEWEST NEIGHBORHOOD RESTAURANT + COFFEEHOUSE

 
An all-day local spot serving homemade breakfast, lunch, dinner and to-go. Specialties include hand-selected coffee blends from Austin's Legendary Roaster, Little City and homemade baked goodies and juices - all made daily and with love. Caroline's lunch + dinner menus range from classic to clever served in an open, airy dining room buzzing from carefully-curated playlists, wines and cocktails. 

This is the place to have breakfast or lunch, linger over an afternoon glass of wine, enjoy dinner and stay for a cocktail. 

If you need more of an excuse to hang out, drink up and play on, head to Upstairs at Caroline, a new backyard party overlooking Congress. The drinks are as good as the vibe.

I look forward to staying in close contact with you.  Please remember to visit my website  to see all of my current listings, past sales history and client testimonials.
If you know someone else who would benefit from my monthly newsletter, please feel free to forward on and encourage subscription!

 

 

Sincerely,
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