Austin Real Estate Update & Newsletter | May 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

Just Listed - Stunning Luxury-Contemporary Residence 
#4301: 3 Bedrooms, 2 Full Baths - $1,095,000
Light and bright corner contemporary condo, extensively remodeled with no detail forgotten - this one has it all! Gorgeous 5" Brazilian pecan wood flooring throughout. Custom entry lacquered "floating wall" to create a foyer and display larger art pieces. Crisp, white kitchen showcases beautiful Dekton counters, unique stainless steel appliance garage, built-in appliances including 55-bottle wine refrigerator. Two luxurious baths, fully remodeled. Two balconies overlooking courtyard and pecan tree. High-end custom built-ins throughout, including entertainment center, dining buffets, guest room desk and office system, and extensive closet systems. Motorized curtains and shades. Incredibly rare, 55 SF storage unit in hallway and premium parking just across from the elevator. Too many upgrades to list! Welcome home to live where Austin plays!
View Virtual Tour |  www.BartonPlace4301.com






Popular 3E Floor Plan - 1,686 SF
 
Contact me for more information or to schedule a private showing - l et's talk soon!

Audra 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 - $1,095,000 - 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:
 

For more information, or to schedule a personal tour, please contact:
REALTOR, CLHMS, GRI, CNE
(512) 247-8788
Audra@AustinRealEstate.com  
ABOR Market Update: Single-family home sales decline across Austin-Round Rock MSA, increase in Austin in March 2017
 From: www.abor.com

AUSTIN, Texas - April 20, 2017 - Single-family home sales declined across the Austin-Round Rock Metropolitan Statistical Area (MSA) and increased in the city of Austin in March, according to the March 2017 Central Texas Housing Market Report released today by the  Austin Board of REALTORS┬«. Analyzing a growing disparity in market conditions among housing price classes, the report underscored the need for policies that create additional housing capacity to meet the market demand and a broader range of housing types throughout the region.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS® commented, "Growing disparities in housing market conditions at all levels of pricing represent an urgent and immediate need to fill the 'missing middle' in the region's housing stock. The City of Austin's CodeNEXT Zoning Comparison released earlier this week has given us a more tangible view of that need and confirmed the Austin Board of REALTORS® concerns about the draft land development code. Our newly adopted Strategic Housing Blueprint calls for the equitable disbursement of affordability throughout the city and we'll need more substantive change than what's been proposed to get there."

In March 2017, single-family home sales in the Austin-Round Rock MSA declined 1.4 percent year-over-year to 2,509 home sales. During the same time frame, median price for single-family homes increased 5.6 percent to $295,767, and housing inventory increased 0.2 months to 2.4 months of inventory.

Within the city of Austin, single-family home sales increased 1.2 percent year-over-year to 780 home sales in March 2017. The median price for single-family homes jumped 12.6 percent from March 2016 to $371,606, and housing inventory increased 0.1 months to 1.8 months of inventory.
2017 Spring Pecan Street Festival - May 6 & 7
From: www.pecanstreetfestival.org
The Pecan Street Association ("PSA") is a not-for-profit 501 (C)-4  group of volunteer business owners, professionals, artists and concerned citizens dedicated to advancing and preserving the integrity of the important, historic and unique area known as the Sixth Street Historic District. In order to meet these goals, proceeds from the activities of PSA, mainly the Pecan Street Festival, include beautification, education and other promotional activities. In addition, PSA supports the community through financial contributions to charities serving the Austin region.

Until the '70s, downtown was scarcely populated, with abandoned buildings scattered about. A pioneering group of Austinites known as the Old Pecan Street Association was instrumental in reclaiming the downtown space and starting renovation of the old buildings.

"The idea was to preserve the historical appeal of the street, while revitalizing the downtown area," said Shannon Sedwick, president of the Pecan Street Association. The association wanted to uphold a sense of the buildings' past and present, she said.
The association needed adequate funding for restoration costs and bringing a street fair to life was a solution to their problems. In 1978, the Pecan Street Festival was started and included local food and art vendors along with bands from the surrounding area, establishing a community event for cultural preservation and creativity. Due to the festival's positive turnout, the celebration became a biannual spring and fall tradition, honoring 6th Street's original name, Pecan Street.

The Pecan Street Merchants' Association, a group of volunteer-based business owners, has always placed importance on free admission to the festival so that it is open to the Austin community and surrounding areas. The city of Austin has gone into partnership with the board to help sponsor the festival expenses.

Shannon Sedwick, President of the Pecan Street Association
"All of the money we make goes out to different projects on 6th Street and the downtown area," Sedwick said. "We give to artists, homeless initiatives and youth programs, among others."

West Austin Studio Tour - May 13 & 14, 20 & 21

The West Austin Studio Tour is a free, self-guided tour that celebrates Austin's talented and wildly diverse creative community. 

The public is invited to discover new artistic talent, see working studios, learn about artists' tools, techniques and inspirations, explore galleries and a variety of exhibitions, and immerse themselves in the arts and local business communities. 

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

Now Open - Mattie's at Green Pastures
After stunning renovations, old Austin favorite Green Pastures reopened as Mattie's under new ownership. Executive chef Joshua Thomas, formerly of the defunct Chaat Shop food truck, helms the kitchen, which serves updates on rustic American fare. 

(And yes, the peacocks remain around the grounds.) 

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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