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Austin Real Estate Update & Newsletter | September 2017
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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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Just Leased - 1930's Zilker Park Treehouse - 525 Barton Blvd.
3 Bedrooms, 2.5 Baths - 2,272 SF
Classic Zilker hilltop home, in an unbeatable location, just one block from Barton Springs Rd. overlooking Umlauf Sculpture Garden. Easy walk to all restaurants, bars, Zilker Park, Barton Springs Pool and upcoming ACL Festival! Classic finishes throughout. This home offers peace and privacy, while also being a stones throw from all the action.
***May be offered FOR SALE Summer 2018 - Contact me with interest***
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:
- Unit 1907 - 983 SF - $625,000 - Virtual Tour
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: Single-family home sales, inventory levels increase across Austin-Round Rock MSA in July
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AUSTIN, Texas - Aug. 17, 2017 - Single-family home sales volume held steady across the Austin-Round Rock Metropolitan Statistical Area (MSA) in July, while housing inventory levels posted strong gains, according to the July 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: "In years past, the high demand of the summer selling season has further constrained inventory levels and further pushed up home prices. This year has been different, with steady gains in sales volume as well as listings and inventory throughout the summer. During a month when housing inventory should reach its lowest point of the year, housing inventory across the Central Texas region is at its highest point since fall 2012."
In July 2017, single-family home sales volume in the Austin-Round Rock MSA increased 2.8 percent year-over-year to 2,892 home sales, while home sales within the city of Austin declined 2.5 percent year-over-year to 832 home sales. This dip in Austin's home sales growth impacted Travis County at large, which experienced a 1.1 percent decline in home sales volume in July 2017, or 1,368 home sales. During the same month, single-family home sales volume jumped 15.3 percent to 376 home sales in Hays County and increased 2.3 percent to 1,004 home sales Williamson County.
Housing inventory levels surpassed 3.0 months of inventory in multiple markets in July 2017. In the Austin-Round Rock MSA, the monthly housing inventory levels for single-family homes increased 0.4 months to 3.2 months of inventory. At the county level, housing inventory increased 0.3 months year-over-year to 3.6 months in Hays County, increased 0.3 months to 3.2 months of inventory in Travis County, and jumped 0.6 months to 3.0 months of inventory in Williamson County.
Single-family housing inventory remained under 3.0 months in the city of Austin in July 2017, increasing only 0.1 months to 2.5 months of inventory. Despite strong gains in housing inventory last month, Central Texas housing inventory levels remain 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.
Guthrie continued, "Strong homebuilding activity throughout Central Texas - particularly in Williamson and Hays counties - has been a key driver of housing inventory growth and in starting the region's housing market on the path towards a balance between supply and demand. It's important to note, however, that as home prices and development costs continue to rise, so does the price range of homes on the market."
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2017 Austin Quarterly Briefing recently released by Metrostudy showed that the pace of single-family home starts in the Austin area are at their highest level in 10 years, with approximately 1,000 more home starts in the second quarter of 2017 than the year prior. More than half of these home starts were in the $250,000-$299,999 price category, with Cedar Park/Leander West, Pflugerville and Kyle/Buda comprising nearly one-third of home starts activity. Metrostudy's boundaries cover Hays, Williamson and Travis counties.
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Zilker Relays - September 8
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From:
www.
austintexas.org
The Zilker Relays is a 10-mile team race. Each participant runs a 2.5 mile loop from one central festival/transition area.
The team concept of the Zilker Relays is not unique, but the combination of a relay, festival home base, drinks and music, make this experience a favorite for runners of all calibers and ages.
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Fall Pecan Street Festival - September 23 & 24
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From:
www.austintexas.org
The Pecan Street Festival is a free, bi-annual music, arts and crafts festival held on historic Sixth Street. The show proudly features over 300 artisan vendors from all over the world who display and sell homemade art and craft work.
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From:
www.nightcapaustin.com
Now Open - Nightcap | Austin Dinner & Desserts - 1401 W 6th
At Nightcap, we believe that we are a uniquely qualified restaurant and perfectly positioned here in Austin, Texas. In our newly exploding, cosmopolitan city, we are positive that our concept will flourish as a classic and cozy addition. We are rooted in providing fresh, farm-to-table treats, with a mission to spoil our patrons with superior service. We created and maintain an intimate space perfect for any occasion - date night, girls' night, a birthday party or just a night on the town.
As the new sweetest secret in town, our Austin restaurant will offer a touch of the classic infused with our own signature brand of decadence. This oasis of indulgence represents an evening catered to dining enthusiasts looking to indulge in all things sweet. Our new American cuisine-style menu will be aptly priced while allowing guests to surrender to a list of spirits determined to impress. Timeless design, candlelit ambiance and purposely placed spot lighting on our passion for dinner, dessert and drink will give way to our aristocratic taste in decor and culinary fare.
At Nightcap, we will be known for our thorough attention to detail and inventive provisions satisfying any craving. Our service style will feature a devoted wait staff and bartenders serving up sparkling wines, local and international spirits and well-crafted cocktails.
Our goal is simple. We strive to create a dining experience that keeps our clientele craving more.
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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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