Austin Real Estate Update & Newsletter | February 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 - Overlooking Barton Creek Club & Course
The Fairways:  2305 Barton Creek Blvd. #35 - $995,000
Spacious, single-level residence located within The Fairways - a coveted, gated community within Barton Creek offering access to the cart path of the Fazio Foothills Golf Course and low maintenance living. The home is perfectly situated on a treed, cul-de-sac lot backing to the golf course and greenspace. Thoughtful floor plan offers great layout, soaring ceilings, excellent storage and incredible outdoor living. Peaceful, private living await - great for Lock & Leave or full-time residence. Social Membership to Barton Creek Country Club conveys with purchase.  Three Bedrooms, Three Full Baths - 3,108 SF. 
MLS #5832609 - View Virtual Tour







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 - see below for current availability:

One Bedroom:

Two Bedrooms:



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:

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: Central Texas housing market breaks sales record in 2016, shows signs of normalization in 2017
 From: www.abor.com

  
AUSTIN, Texas - Jan. 18, 2017 - The December & Year-End 2016 Central Texas Housing Market Report released today by Austin Board of REALTORS® reported 2016 as another record-breaking year for Central Texas home sales, while also showing signs that the housing market could begin to normalize in 2017.

"The Central Texas housing market is slowly beginning to align with long-term historical trends. Homes are spending more time on the market and the pace of both home sales and price growth is slowing," said Brandy Guthrie, 2017 President of the Austin Board of REALTORS­®. "This normalization does not necessarily mean a weakening housing market, but a return to less aggressive market conditions."

Austin-Round Rock Metropolitan Statistical Area (MSA)
More than 29,000 (29,569) single-family homes were sold in the five-county MSA in 2016, a 3.9 percent increase from 2015 and an all-time high for annual home sales volume. Median price for single-family homes rose 7.2 percent from 2015 to $284,000, while home sales dollar volume jumped 9.1 percent from 2015 to $10,456,084,996. Homes spent an average of 50 days on the market in 2016, an increase of two days from 2015.

Housing inventory levels remained unchanged from year-end 2015 to year-end 2016, ending December 2016 at 2.0 months of inventory. This is two-thirds less than the Real Estate Center at Texas A&M University's benchmark of 6.5 months as a balanced housing market. In December 2016, single-family home sales rose 1.9 percent year-over-year to 2,373 home sales, while median price rose 6.9 percent to $290,000.

"While the region's job growth have slowed over the last few years, overall the Central Texas economy and housing market continue to be strong," said Mark Sprague, State Director of Information Capital for Independence Title. "The 2017 housing market will likely outpace last year's levels, but at a less robust margin. Recent increases in mortgage rates could continue the current pace of home sales growth into the first part of the year."

City of Austin
Austin single-family home sales volume grew slightly in 2016, increasing 1.7 percent from 2015 to 9,049 home sales. Austin home prices rose at a more moderate pace than in years prior, with median price increasing 5.8 percent to $340,000 during the same time frame. Active listings jumped 16.5 percent annually to 1,461 listings and homes spent five more days on the market in 2016 than in 2015, or an average of 41 days.

In December 2016, city of Austin home sales declined 7.8 percent to 705 single-family home sales, while median price rose 9.2 percent to $355,000. Monthly housing inventory increased 0.1 months year-over-year to 1.6 months of inventory. Homes spent an average of 50 days on the market in December 2016, an increase of five days from December 2015.

Guthrie concluded: "The local market areas with critically low housing inventory levels have grown dramatically over the last year, and our region's housing market will never be balanced until there is a greater influx of housing stock of all types and price points. It will take time to rebuild Central Texas' low inventory levels, and identifying smarter housing development policies for CodeNEXT in 2017 is the first step to generating more housing inventory in the years to come."

Austin Marathon & Half Marathon - February 19
From: www.youraustinmarathon.com

The Austin Marathon and Half Marathon is an annual February race featuring a course running through the heart of Austin. People travel from all over to participate in either the 13.1-mile half marathon or the 26.2-mile marathon. Water stops are set up every few miles along the course, powered by volunteers. 

Following the race, food vendors and athletic retailers set up tents along the finish line on South Congress, just south of the Capitol. Loud music blasts from speakers along the course to pump up runners, and spectators are encouraged to cheer on the runners and make some noise.

Carnaval Brasileiro 40th Anniversary - February 25
From: www.everfest.com
 
Held annually at the Palmer Events Center in Austin, Texas, Carnaval Brasileiro is a Brazilian Mardi Gras celebration featuring live samba performances, costumes galore and the chance to dance and party with complete abandon. 

With an atmosphere seemingly derived straight from the streets of Rio, this festival serves many as a cathartic experience where stress and troubles can be shed and one's spirit may be renewed. While drinks are offered at various cash bars throughout the venue, there is no food served, so fill up before you come!

Local Food + Drink News

Aaron Franklin's Food Festival - Coming to Austin in May
Aaron Franklin's  first-time ever food festival finally has set dates and a name.  Hot Luck  will take over Austin from  Thursday, May 18 through Sunday, May 21as reported by Austin 360.

Casual and fun are the key themes of Hot Luck. Franklin emphasized the "interactive" appeal of it, "super DIY, real hands-on kind of stuff," as he told Eater previously. All involved chefs are there to "hang out, drink beer, and have a good time" with guests.

Helping out Franklin are festival vets James Moody (of the former Fun Fun Fun fest) and Mike Thelin, cofounder of Portland's  food-focused Feast. Moody wants Hot Luck to run like "the best-run tailgate" ever.

During those four days, 35 chefs who are close with Franklin will cook up food across eight to ten spots in Austin. Yes, barbecue will be involved, but Franklin teased that there might only be one smoked meats person on the lineup.

As it is Austin, live music is involved though there are no further details available on that front. Guests will be able to buy individual tickets to events, as well as overall festival passes. Tickets are expected to go on sale in late February.

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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