Austin Real Estate Update & Newsletter | October 2017




I hope this newsletter finds you well.


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


Featured Listings - Audra Sells Austin
Often folks think I only represent Buyers & Sellers in the Downtown Condo Market...while this is an area of specialization for me, I enjoy helping clients all over Austin!  This month, I want to share a few recent homes I've sold in various neighborhoods all over this great city.
  Tempranillo Way - Rough Hollow                    Quarry Oaks Trail - Avery Ranch
  Chuck Wagon Trail - Western Oaks                  Richcreek Road - Crestview
  The Fairways at Barton Creek                         N omad Drive - Spicewood
  Brentwood Drive - Brentwood                            Greenshores on Lake Austin
  Big Bill Court - Lakeway                                       Buffalo Trail - Apache Shores

Contact me if you are interested in Buying or Selling in the Austin-area!

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: 

Two Bedrooms:
- Unit 1907 - 983 SF - $615,000 - Virtual Tour

For more information, or to schedule a personal tour, please contact:
(512) 247-8788
ABOR Market Update: Central Texas housing market sees record-breaking 2017 summer selling season

AUSTIN, Texas - Sept. 19, 2017 - The 2017 Central Texas summer selling season was the strongest on record in terms of single-family home sales and median price across the Austin-Round Rock Metropolitan Statistical Area (MSA). Single-family home sales volume jumped in the city of Austin in August, while median price held steady according to the August 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 Central Texas housing market just experienced the strongest summer selling season on record. The Austin-Round Rock MSA saw record breaking growth, during which median price topped $300,000 and home sales volume topped $1 billion four consecutive months in a row."

In August 2017, single-family home sales volume in the Austin-Round Rock MSA increased 1.0 percent year-over-year to 2,994 home sales, while home sales within the city of Austin jumped 6.1 percent year-over-year to 927 home sales. During the same month, single-family home sales volume increased 0.9 percent to 1,463 home sales in Travis County, declined 1.1 percent to 365 home sales in Hays County and increased 0.3 percent to 1,025 home sales Williamson County.

Housing inventory levels remained above 3.0 months of inventory in every market except the city of Austin in August 2017. In the Austin-Round Rock MSA, the monthly housing inventory levels for single-family homes increased 0.4 months to 3.1 months of inventory. Within the city of Austin, monthly housing inventory rose 0.1 months year-over-year to 2.4 months of inventory, well under the 6.0-6.5 months of inventory the Real Estate Center at Texas A&M University cites as a balanced housing market.

Coupled with rising home prices, this recent surge in home sales activity made May-August 2017 the highest-grossing summer selling season across Central Texas real estate in the region's history. For the fourth time this year, single-family home sales dollar volume topped $1 billion ($1,128,565,155) in a single month within the five-county area, which is an increase of 5.9 percent from August 2016.

Dr. Jim Gaines, Chief Economist for The Real Estate Center at Texas A&M University, agreed: "The Austin-Round Rock MSA looks like it is moving toward a more normalized housing market. Similar to what we're seeing across the state, housing inventory levels are slowly increasing, despite continued increases in sales volume and median price. That could indicate that in the latter half of 2017, we will likely experience some slowing of the home price increases that have become common in recent years - not price decreases, as the relationship between home buying and selling activity begins to balance out."

Austin City Limits Music Festival - October 6-8 & 13-15
From:   www.

One of the country's largest celebrations of music, this six-day festival brings the magic of the famed public TV series Austin City Limits outside the studio and into Austin's most beloved park with more than 140 musical acts on eight stages over two weekends.

FORMULA 1 United States Grand Prix - October 20-22
International drivers will be in Austin this October to compete in the Formula 1 United States Grand Prix at the Circuit of The Americas track. This event promises three days of racing, camping, live music events and more - including headlining performances by Justin Timberlake and Stevie Wonder for ticketholders. 

Local Food + Drink News

Now Open - Holly Roller, 509 Rio Grande - Downtown Austin

Our downtown diner will serve up a mishmash menu of nostalgic breakfast and brunch-centric fare, will turn out fresh, hot biscuits and pastries, mouthwatering egg dishes, sandwiches, stunning plates, and devilish desserts.

Open daily for breakfast with coffee and counter service, followed by lunch and dinner. Brunch is served every Saturday and Sunday. Holy Roller after dark, will have late-night options at the bar on Friday and Saturday, complete with up unforgettable cocktails and a creatively curated list of craft beers and wines - all offered in an atmosphere full of grit and attitude that will keep you coming back.

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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