Austin Real Estate Update | December 2017




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

Just Listed - Coveted BartonPlace Penthouse
Residence #5406 - 2 Bedrooms, 2.5 Baths, 1,597 SF - $850,000
One-of-a-kind floor plan and location!  16' tall ceilings - beautiful natural light from all angles.  Great privacy offered with end-cap location, looking out upon towering heritage pecan trees. Designer paint and custom window shades throughout.  Premium parking, with two full-size, side-by-side spaces just steps from the elevator.  Large outdoor terrace to relax and entertain guests.  

One-of-a-Kind 2A Floor Plan

Contact me to schedule your private showing!

Audra W. Smith 
(512) 247-8788   
BartonPlace Market Update |
Live the best of both worlds at BartonPlace!
Live the best of both worlds at BartonPlace - see below for current availability:

Two Bedrooms:

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

(512) 247-8788   
Spring Market Update  |


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

For more information, or to schedule a personal tour, please contact:
(512) 247-8788  
ABOR Market Update: Single-family home sales increase across Austin-Round Rock MSA, decline in city of Austin in October 

AUSTIN, Texas - Nov. 14, 2017 - Single-family home sales increased across the Austin-Round Rock Metropolitan Statistical Area (MSA) in October, but declined in the city of Austin, according to the October 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, "The Austin-Round Rock housing market continues to slightly outperform last year's home sales activity, keeping 2017 on-pace for another record year for home sales. At the same time, low housing inventory levels along with constrained housing development activity throughout the city of Austin are preventing home sales growth at the city level."

Single-family home sales in the Austin-Round Rock MSA increased 2.2 percent year-over-year to 2,292 home sales in October 2017. During the same time frame, single-family home sales in the city of Austin declined 1.7 percent to 699 home sales. At the county level, home sales volume increased 1.4 percent year-over-year to 1,124 home sales in Travis County, increased 5.4 percent to 794 home sales in Williamson County, and increased 6.2 percent to 274 home sales in Hays County.

Housing inventory levels continued to edge upward across the five-county MSA in October, increasing 0.2 months to 2.8 months of inventory. In the city of Austin, single-family housing inventory increased 0.1 months to 2.3 months of inventory. Housing inventory levels across the region continue to be well within a seller's market, compared to the Real Estate Center at Texas A&M University's estimation of 6.0-6.5 months of inventory as a balanced housing market.

Gains in housing inventory throughout 2017 have been partially driven by strong housing development throughout much of the region. The  Q3-2017 Austin Housing Report by Metrostudy released last month reported that new home starts in the trailing 12 months ending September 30, 2017, are at a 10-year high, with a majority of housing development activity concentrated in local markets surrounding Austin such as Pflugerville and the west side of Cedar Park/Leander.

"Developers and builders are beginning to experiment with lower-cost, higher-density products between $200,000 and $300,000 in suburban markets, where products like townhomes and smaller single-family homes can be built more easily," said Vaike O'Grady, Austin Regional Director for Metrostudy. "Shortages of vacant developed lots and regulatory hurdles in Austin make it difficult for meaningful housing development activity to occur within Austin's city limits."

Home prices continued to rise at a steady pace in October 2017. The median price for single-family homes increased 4.3 percent to $286,742 across the Austin-Round Rock MSA and increased 9.1 percent to $360,000 in the city of Austin during October.

51st Annual Trail of Lights - December 9-23
From:   www.

The Trail of Lights is part of the essential Austin experience, lighting up the season with a celebration of community, memories and fun. The annual Tree Lighting ceremony will be held in November, then the 5k fun run will kick off the spectacular season in early December. Plan your visit early and don't forget to take a spin under the Zilker Tree!

Winter Wonderland at The Circuit - Dec 1-2 & 8-30

Welcome to a bright new holiday festival in Central Texas featuring a .8 mile circuit of lights, skating rink, Santa's Village, petting zoo with camel rides, human snow globe, singing trees, movie lawn, carnival rides, tunnel of lights, trips to the top of the North Pole, musical stages and much, much more!

Local Food + Drink News

Holiday Wine Dinner at Walton's Fancy & Staple - Thursday, December 7th

What : To kick-off Walton's  new evening service , the deli is hosting a four-course wine dinner with dishes like burrata and grilled persimmon, mussels and harissa-tomato stew, and Pecan Street cake. 

Where:  Walton's Fancy & Staple, 609 West 6th Street, Downtown

Details : It costs $65 per person. Reservations are required. It begins at 7 p.m.

Wishing you a wonderful holiday season!

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.
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