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Austin Real Estate Update & Newsletter | October 2016
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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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Featured BartonPlace Listing
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Rare Penthouse with Sunset Views over Zilker Park
Residence 5601 | 2 Bedrooms, 2 Baths| $655,000
Rare opportunity to own a stunning BartonPlace Penthouse with soaring 16' barrel-vaulted ceilings. Unique 2E floor plan offers private end-cap location, just off the elevator. Architectural highlights include entire walls of windows in each room, all outfitted with tailored electric shades. Relax and take in the vibrant sunsets over Zilker Park from the breezy terrace off the main living area. High-end modern finishes throughout, including open chef's kitchen, gorgeous wood flooring (no carpet), custom fans & lighting, closet systems and more. Private terrace accessed from master retreat offers additional outdoor living, a large storage closet and a peak of the downtown Austin skyline. Valuable 50SF storage unit at garage, with two premium parking spaces. Live the best of both worlds - downtown just across the river, Zilker Park and Barton Springs blocks away and incredible local Austin eateries right out your back door. Welcome Home.
Please contact me for more information or to schedule your personal tour!
REALTOR, CLHMS, GRI, CNE
C: 512.247.8788
Audra@AustinRealEstate.com
***Over 90 BartonPlace Condos SOLD***
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BartonPlace Market Update
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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
Audra@AustinRealEstate.com
My Recent BartonPlace Sold & Leased Residences:
Unit #5604- 1 Bedroom, 1 Bath - SOLD PRE-MLS: September 2016 - Seller Representation
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Live in the middle of it all, above it all at Spring - see below for current availability:
Two Bedrooms:
Three Bedrooms:
For more information, or to schedule a personal tour, please contact:
REALTOR, CLHMS, GRI, CNE
(512) 247-8788
Audra@AustinRealEstate.com
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ABOR Market Update - Austin-Round Rock home sales, prices rise in August 2016
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AUSTIN, Texas - Sept. 15, 2016 - The Central Texas summer selling season ended on a strong note in August 2016, with annual gains in both single-family home sales and prices, according to the August 2016 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.
Aaron Farmer, 2016 President of the Austin Board of REALTORS® said, "Austin, and now the Central Texas region at large, continues to be a magnet for jobs and new businesses across multiple industries. This continues to keep housing demand at an all-time high and inventory at near-record lows despite strong housing development and a greater number of listings on the market."
Single-family home sales rose 5.3 percent year-over year to 2,985 home sales across the Austin-Round Rock Metropolitan Statistical Area (MSA) in August 2016, while median home price increased 9.4 percent year-over-year to $289,990. Housing stock across the five-county area continued to be constricted and sell rapidly in August 2016, with monthly housing inventory increasing 0.1 months year-over-year to 2.8 months and average days on market remaining statistically unchanged from last year at 42 days.
The largest annual gain in home sales in August 2016 was in Hays County, where single-family home sales jumped 23.2 percent year-over-year to 377 home sales. This jump in home sales activity was driven by home sales in Buda and San Marcos, where single-family home sales experienced of annual gains of 45.8 percent, 67.9 percent and 20.9 percent, respectively. The median price for single-family homes in Hays County increased 7.8 percent to $253,250, while housing inventory increased 0.4 months to 3.3 months of inventory during the same time frame.
Conversely, single-family home sales in Williamson County were flat in August 2016, increasing 0.7 percent year-over-year to 1,035 home sales. Single-family home sales decreased slightly in all of Williamson County's major cities, with the exception of Leander, which experienced a 3.6 percent increase in home sales in August 2016. The median price for single-family homes in Williamson County increased 6.6 percent to $261,250 while housing inventory increased 0.1 months to 2.5 months of inventory during the same time frame.
Single-family home sales also remained flat in the City of Austin in August 2016, increasing 0.8 percent year-over-year to 868 home sales. Median price increased 10.3 percent year-over-year to $356,276, while housing inventory increased 0.2 months to 2.3 months. Single-family homes spent an average of 35 days on the market in August 2016, two days more than August 2015.
"As housing inventory remains constrained across the Central Texas region and demand remains high, home sales growth is increasingly impacted by new home development," explained Farmer. "This is especially true in Williamson and Hays Counties, where housing demand and development activity are strongest. As new housing stock becomes available, it's quickly scooped up by homebuyers."
Eldon Rude, principal for 360° Real Estate Analytics, added: "The pace of housing development continues to increase in Central Texas, but new home prices are significantly higher. Due to rising land, development and entitlement costs, there are now only a few areas throughout the region where new homes can be built under $250,000. In most areas, entry-level homes are now often priced in the mid $200s and a majority of home starts are priced in the high $200s or more."
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Austin City Limits Music Festival - Sept 30-Oct 2 & Oct 7-9
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The festival is open from 11AM-10PM each day.
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From:
www.trucklandia.com
1-Day Taste-a-Thon & Food Truck Festival
Austin American Statesman Property
Saturday October 15th
11 AM - 8 PM
Only 1,000 judges (get a tasting band/sample)
*Also open for general feasting/people's choice voting
$10,000 Best-Truck Winner announced at 8PM
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From: www.sophiasaustin.com
Now Open - Sophia's at 500 W. 6th Street
Sophia's is a sexy and modern take on a classic Italian-American supper club. The 3,700 square-foot restaurant marries family recipes with contemporary flair to serve up familiar Italian dishes and libations in a stylish and sophisticated space.
The sleek high-energy atmosphere completes the dining and social experience to allow for the perfect ambiance. Sophia's is open for dinner Tuesday through Sunday, and features an intimate cocktail lounge atmosphere and late night bites Thursday, Friday and Saturday.
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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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