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Austin Real Estate Update | February 2018
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| 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! 
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New Pocket Listing - Relaxed, Modern BartonPlace Residence
#3202: 2 Bedrooms, 2 Full Baths - $449,000
This BartonPlace residence offers peaceful living, overlooking the Zen Courtyard. Light & bright with floor to ceiling windows throughout. Efficient floor plan offers a guest room or home office option, along with two full baths and spacious living. Modern kitchen well-equipped with high-end stainless appliances. Custom window treatments fitted at each window location allow for both bright light and privacy when desired. Gorgeous wood flooring throughout kitchen and living area. 2 Parking Spaces in private garage. Live where Austin Plays with the hike-and-bike trail out your front door, Barton Springs restaurants out your back door; Zilker Park & Barton Springs Pool just blocks away. Welcome Home!
Popular 2C Floor Plan
Contact me to schedule your private showing!
Audra W. Smith
REALTOR, CLHMS, GRI, CNE
(512) 247-8788
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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:
REALTOR, CLHMS, GRI, CNE
(512) 247-8788
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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
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ABOR Market Update: Central Texas housing market closes 2017 with record-breaking sales
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AUSTIN, TX - Central Texas had yet another record-breaking year for total homes sold, according to the December and Year-End 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS® (ABoR). State and national events such as flooding from Hurricane Harvey and the overhaul of the U.S. tax plan didn't impact the housing market locally. Even rising home prices didn't stop the market from growing in 2017.
In the Austin-Round Rock MSA, the 31st largest metropolitan area in the U.S., the price of homes increased by 5.4 percent to $299,900 in 2017. Home sales increased annually by 2.4 percent to 30,059 sales, an all-time high for the area.
"While the Austin area continues to break records, the pace at which annual home sales and prices are increasing in Central Texas is beginning to normalize, indicating a more stable market," Steve Crorey, 2018 president of Austin Board of REALTORS®, said. "Affordability in Austin and the surrounding areas remains a concern for potential buyers. It's important to address this issue in the coming years through policies and development codes that allow for more diverse housing options so that everyone can participate in home ownership."
City of Austin
In the city of Austin, the median price for single-family homes increased annually to $362,000-an all-time high-and sales increased annually by 2.5 percent to 9,278 sales. In December, sales increased by 13.4 percent to 802 sales for the month, a contrast from October and November when the city saw declining sales. Housing inventory decreased year over year from 1.6 months of inventory in 2016 to 1.5 months of inventory in 2017.
While the number of houses available in Austin declined, inventory gradually increased in the suburbs. Home sales indicate families continue to move to surrounding areas, seeking more affordable housing options.
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Austin Marathon & Half Marathon - February 18
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From:
www.
austintexas.org
One of the country's premier races attracts nearly 20,000 participants from around the world. Events surrounding the marathon include a 5K, live music, finish line festival and beer garden.
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Austin Oyster Festival - February 24
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From:
www.austintexas.org
This is one tasty festival you don't want to miss! The Oyster Festival is an annual hit among locals and visitors alike. Not sure which kind of oyster you prefer? Try 'em all while enjoying a little live Cajun and "Newgrass" music on the lawn!
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From:
www.austin.eater.com
Now Open - Fareground: Ultimate Guide to the Downtown Austin Food Hall
Fareground, Austin's first proper food hall in downtown Austin on Congress Avenue, is finally
opening this week on Thursday, January 18.
On deck are some of the city's best chefs and restaurants: Dai Due's Jesse Griffiths and Gabe Erales, Emmer & Rye's Kevin Fink and Tavel Bristol-Joseph (with Henbit), Contigo's Andrew Wiseheart and Kendall Melton, Kome's Kayo and Take Asazu, and Antonelli's Cheese Shop. Behind it is ELM Restaurant Group, which curated the stellar group and will throw in an additional location of Easy Tiger with Andrew Curren and David Norman, as well as two bars from Craig Collins.
To gear up for the year's biggest opening, here is Eater's breakdown to Fareground, from what to expect from each vendor, how everything works, and what to expect in the near future.
Pro-tips
- The food hall, designed by Michael Hsu, is found on the subterranean level of the Congress Avenue address. Take the stairs down to access the food vendors.
- There is a parking garage found on Brazos Street between Cesar Chavez and 2nd streets. Parking will be validated for those who purchase food and drinks at the food hall (validation will be printed on the receipt). With validation, parking will cost $3 every half-hour, with a maximum charge of $21. There is an entrance into the lobby of the building and the food hall from the garage.
- Seating is spread throughout the food hall and the building's lobby. It extends outside to the outdoor patio and lawn area as well (people can bring drinks outside). There are communal tables with butcher block tops, high tops, and more.
- Fareground's hours are from 7 a.m. to 10 p.m. on the weekdays, and then 9 a.m. to 10 p.m. on the weekends. Vendor hours vary within that.
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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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