Austin Real Estate Update & Newsletter | July 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

Modern living in heart of East-Austin!
#205: Open-concept Loft + 1 Full Bath - $289,900
Incredible open-concept loft - light and bright with clean, modern finishes throughout.  Ideal location, just one mile from downtown, in the heart of east-Austin with local restaurants, coffee shops, fitness and nightlife just steps from your front door. Smart design showcases soaring ceilings, spacious bath, and ample storage.  Reserved, covered parking space within gated community. Google Fiber available!  MLS #9687673
 
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 $999,999 - 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 - $636,000 - Virtual Tour

Three Bedrooms:
 

For more information, or to schedule a personal tour, please contact:
REALTOR, CLHMS, GRI, CNE
(512) 247-8788
Audra@AustinRealEstate.com  
ABOR Market Update: Austin-Round Rock single-family home sales volume jumps, tops $1 billion in May 2017
 From: www.abor.com

AUSTIN, Texas - June 15, 2017 - Single-family home sales volume experienced strong gains across the Austin-Round Rock Metropolitan Statistical Area (MSA) in May, while home sales dollar volume topped $1.2 billion and set an all-time high for sales dollar volume, according to the May 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, "Housing is the backbone of our region's economy and the heart of our communities. Housing demand continues to be at an all-time high in and around Austin, indicated by steady growth in home sales and prices, listing activity and housing inventory. The concurrent gains in listing activity and inventory, in particular, are a positive sign that housing inventory could continue to increase throughout the aggressive summer selling season."

In May 2017, single-family home sales volume increased 9 percent year-over-year to 3,170 home sales in the Austin-Round Rock MSA and rose 9.7 percent year-over-year to 993 home sales in the city of Austin. Home sales growth was equally strong at the county level during the same time frame, with single-family home sales volume jumping 14.8 percent to 364 home sales in Hays County, increasing 6.3 percent to 1,546 home sales in Travis County and increasing 8.3 percent to 1,117 home sales in Williamson County.

Coupled with rising home prices, this recent surge in home sales activity made May 2017 the highest-grossing month for Central Texas real estate in the region's history. For the first time this year, single-family home sales dollar volume topped $1 billion ($1,234,217,617) in a single month within the five-county area, which is an increase of 18.4 percent from May 2016. This is an all-time high for home sales dollar volume in the Austin-Round Rock MSA.

During the same time frame, the median price for single-family home sales increased 8 percent year-over-year to $310,000 in the Austin-Round Rock MSA and rose 8.6 percent year-over-year to $380,000 within Austin's city limits. At the county level, median sales price jumped 10.4 percent to $262,250 in Hays County, increased 8.5 percent to $371,000 in Travis County and increased 6.5 percent to $284,375 in Williamson County.

Strong gains in listings activity as well as pending sales activity across the region continued in May 2017, which in turn continues to boost both home sales volume and housing inventory levels. In the Austin-Round Rock MSA, active listings jumped 22 percent year-over-year to 6,972 listings; new listings jumped 15 percent year-over-year to 4,369 listings; and pending sales rose 7.7 percent year-over-year to 3,437 pending sales.

Housing inventory levels also continued to rise in May 2017, increasing 0.4 months annually to 2.8 months of inventory across the five-county MSA. Within the city of Austin, monthly housing inventory rose 0.2 months year-over-year to 2.1 months of inventory. An analysis of monthly housing inventory at the price class level, however, showed that inventory levels for homes priced under $250,000 mostly remain under one month of inventory throughout the region.

"Housing inventory is on the rise, but the housing stock that's being added to the market is increasingly at higher price points," commented Guthrie. "Rising property values and housing development costs are rapidly causing an upward shift in the price range of residential real estate available within Austin and across the region. This trend will not be reversed until our city is able to come together to create strong, purposeful changes to Austin's zoning maps that paves the way for housing at all price ranges to exist."

HEB Austin Symphony July 4th Concert & Fireworks
From:
www.roadwayevents.com

Austin Symphony's July 4th Concert and Fireworks is an Austin Tradition. Free Fireworks, and a Free Live performance for all central Texans. Great food and drinks, and a variety of local Arts & Crafts vendors.

Location: Downtown Austin at Vic Mathias Shores (Formally Auditorium Shores) and the Long Center (600 W. Riverside Dr., Austin, TX).

Date: Tuesday July 4, 2017

Road Closures:
10 a.m.
- Riverside Drive from Lamar to S. 1st St.
6 p.m.
- Cesar Chavez between MoPac and Congress. North- and Southbound MoPac will be diverted to 5th St. and Enfield/5th St.
ALL STREETS WILL BE REOPENED NO LATER THAN MIDNIGHT.

Trail Closures
- Motorized vehicles will be prohibited on the trails.
- The lower portion of the Hike & Bike Trail on the north side of Lady Bird Lake (between Seaholm intake Structure and S. 1st St.) will be closed at 10 a.m. The upper sidewalk will along Cesar Chavez will remain open.

Lake Closures
- For safety reasons, Lady Bird Lake between the railroad trestle bridge and the S. 1st St. Bridge will be closed from 8 p.m. to midnight.

Zilker Summer Musical: "The Wizard of Oz"  July 7 - August 12
From: www.zilker.org

Enjoy the free, annual musical at the Zilker Hillside Theatre. The outdoor amphitheater will host a performance of "The Wizard of Oz" Thursday through Sunday, July 7 through August 12, kicking off around dusk at 8:15 p.m.

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

Inside El Chipiron, Austin's New Tapas Haven on South Lamar

El Chipiron, Austin's newest Spanish tapas and pinchos restaurant,  is now open on South Lamar. Owner and chef Pablo Gomez set out to bring a truly Spanish experience from his home country to Texas.

"It's really hard to find proper Spanish restaurants," Gomez said, outside of the country. El Chipiron is his solution to that problem. The focus is what Gomez defines as classic Spanish food, but presented in a modern way. That means pinchos like gilda, a simple bite with an anchovy, green olive, and pepper, various tapas, and larger entrees and desserts like wine-poached pears and takes on rice pudding. Sunday brunch will include a deep-fried version of French toast and Spanish omelette. "Now we'll see if it works or not," he said.

Gin and tonics are the heart of the beverage menu. Gomez wanted to make sure there was something in honor of Texans. "They like citrus a lot, there's a bunch of rosemary around, and they like smoked stuff," he explained, so he concocted the Tejano, made with orange peels, rosemary, smoke, and Dripping Springs gin. While the lineup is small for now, he eventually wants to offer 20 to 30 different gins and tonics. He's also looking to bring in vermouth as well.

Other cocktails include "very humble" Spanish ones, as Gomez described, like the rebujito with soda with sherry wine or the sangria-like tinto de verano with half-soda, half-red wine, and a bunch of ice. Beer will skew Spanish, too, like the Valencia Saison made with orange peels and the Er Boquerón with seawater.

Eater photographer Courtney Pierce took a tour of the bright South Lamar space. The main feature of the restaurant is the massive bar, where the pinchos will be displayed. Then, off to the side is the proper dining room, separated by ropes.

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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Sincerely,
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