CONSISTENTLY RATED ONE OF AUSTIN'S TOP REALTORS |...
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JKB Realty Group 512.532.5005 www.JKBRealty.com 1 ...continued on page 6... MARCH 2017 CONSISTENTLY RATED ONE OF AUSTIN'S TOP REALTORS | $275M+ SALES | 700+ CLOSINGS | ESTABLISHED 2003 JKB Realty News Serving the Austin and surrounding communities Cherie Stacy Amanda Jessica Michael Single-family home sales posted strong gains throughout the Austin-Round Rock Metropolitan Statistical Area (MSA) in January, according to a new and expanded Central Texas Housing Market Report released by the Austin Board of REALTORS®. Brandy Guthrie, 2017 President of the Austin Board of REALTORS® commented, “Consecutive years of strong housing demand and sales growth throughout Central Texas have significantly changed housing market conditions in Austin and the surrounding region. The radius of local market areas with critically low housing inventory levels has expanded out from Austin into surrounding counties, shifting the price range of available homes in local communities upward.” Single-family home sales in the Austin-Round Rock MSA increased 7% year-over-year in January 2017 to 1,549 home sales. In the city of Austin, single-family home sales jumped 9.8% annually to 469 home sales during the same time frame. Housing inventory levels remained largely flat across the Austin-Round Rock MSA in January 2017, increasing .1 months to 2 months of inventory. Housing inventory levels in Williamson County and other markets are now on pace with housing inventory levels in the City of Austin, which remained unchanged in January 2017 at 1.4 months of inventory. The inventory of single- family homes priced under $250,000 is now less than 1 months of inventory in many local markets. Area home prices continued to climb at a steady pace in January 2017. In the Austin-Round Rock MSA, median home price increased 9.8% year-over-year to $279,990, while the median price in the city of Austin increased 2.3% year-over-year to $312,000. “The range of home prices available in local market areas are slowly trending upward, changing the local profile of what homes and price ranges are considered Central Texas housing market starts 2017 strong with gains in home sales volume, prices Information provided by www.abor.com. Data release is the 20th of each month. For the most current information please call us on the 21st or after. Click for Austin Statistics
Transcript of CONSISTENTLY RATED ONE OF AUSTIN'S TOP REALTORS |...
JKB Realty Group 512.532.5005 www.JKBRealty.com1
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MARCH 2017
CONSISTENTLY RATED ONE OF AUSTIN'S TOP REALTORS | $275M+ SALES | 700+ CLOSINGS | ESTABLISHED 2003
JKB Realty NewsServing the Austin and surrounding communities
CherieStacy Amanda Jessica Michael
Single-family home sales posted strong gains throughout the Austin-Round Rock Metropolitan Statistical Area (MSA) in January, according to a new and expanded Central Texas Housing Market Report released by the Austin Board of REALTORS®.Brandy Guthrie, 2017 President of the Austin Board of REALTORS ® commented, “Consecutive years of strong housing demand and sales growth throughout Central Texas have significantly changed housing market conditions in Austin and the surrounding region. The radius of local market areas with critically low housing inventory levels has expanded out from Austin into surrounding counties, shifting the price range of available homes in local communities upward.”Single-family home sales in the Austin-Round Rock MSA increased 7% year-over-year in January 2017 to 1,549 home sales. In the city of Austin, single-family home sales jumped 9.8% annually to 469 home sales during the same time frame.Housing inventory levels remained largely flat across the Austin-Round Rock MSA in January 2017, increasing
.1 months to 2 months of inventory. Housing inventory levels in Williamson County and other markets are now on pace with housing inventory levels in the City of Austin, which remained unchanged in January 2017 at 1.4 months of inventory. The inventory of single-family homes priced under $250,000 is now less than 1 months of inventory in many local markets.Area home prices continued to climb at a steady pace in January 2017. In the Austin-Round Rock MSA, median home price increased 9.8% year-over-year to $279,990, while the median price in the city of Austin increased 2.3% year-over-year to $312,000.“The range of home prices available in local market areas are slowly trending upward, changing the local profile of what homes and price ranges are considered
Central Texas housing market starts 2017 strongwith gains in home sales volume, prices
Information provided by www.abor.com. Data release is the 20th of each month.For the most current information please call us on the 21st or after.
Click for Austin Statistics
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603 DAVIS ST. #1707 879 Sq. Ft. | 1 Bed | 1 Bath
2 Living | 1 Reserved Parking Space
This luxurious condo is located in the heart of Austin’s trendy Rainey Street District. You are just steps from Lady Bird Lake, hike & bike trails and endless entertainment & dining options.
The living room offers Ipea wood floors, high ceilings, an abundance of natural light & stunning views. The kitchen is open to the living room and features quartz counters, breakfast bar, fantastic cabinet space & stainless steel appliances including a built-in microwave, dishwasher & stove.
The master suite includes custom built-in’s with pull out shoe drawers, 2 walk-in closets, huge double vanity with great storage & a large enclosed walk-in shower & soaking tub.
The condo also boasts an office/den, full sized washer & dryer hookups & a spacious balcony with panoramic views of downtown Austin.
The Shore also offers the following amenities: 24 hour concierge staff, reserved parking, resort style pool & cabana area with a grill & and a fitness center with a view!
COMING SOON
Our Featured Listings
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Our Featured Listings
105 SPEARPOINT COVE 5,556 Sq. Ft. | 5 Bed | 4 Full, 2 Half Baths
2 Living | 3 Car Garage | Pool
This wonderful estate is a former Parade of Homes property & is located on a large lot that backs to the golf course. The home features multiple living areas, gourmet kitchen, “Living Wall” Kinetics art by Cole Thompson, custom built-ins & spectacular outdoor entertaining areas.
The fantastic open floorplan creates great flow and is an entertainer’s dream. The home offers an abundance of natural light & unique design features throughout.
The kitchen boasts granite counters, a huge island with storage, breakfast bar, enormous walk through pantry and stainless steel appliances that include a commercial grade gas stove, built-in microwave & wine fridge.
Feel at home in a master suite complete with access to the back patio as well as the Zen courtyard, two vanities with granite counters, spa like jetted tub, Italian stained glass, walk-in shower & fabulous built-in storage.
The sensational outdoor living space features a large covered patio, outdoor bar area with a sink, stainless grill, heated salt water pool & spa, pool bath & great yard space. Your friends and family will never want to leave!
AVAILABLE
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Our Featured Listings
5804 LOBLOLLY LN. 2,110 Sq. Ft. | 4 Bed | 3 Bath
1 Dining | 2 Living | 2 Car Garage
This charming home has been exceptionally
well kept and is ready for a new owner.
The family room features wood floors, high
ceilings & an abundance of natural light. The
kitchen boasts quartz counters, stainless steel
appliances, a breakfast bar, recessed lighting,
great cabinet space and pantry. The spacious
master suite includes vaulted ceilings, double
vanity, tiled shower & a walk-in closet. This
home also offers a huge upstairs gameroom
with high ceilings and recessed lighting. The
backyard has a covered patio & is perfect for
entertaining your family & friends!
COMING SOON
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Our Featured Listings
1911 MULLIGAN DR. 3,896 Sq. Ft. | 4 Bed | 3.5 Baths
4 Living | 2 Dining | 3 Car Garage
This immaculate home is situated on a large .218 acre lot. The property is extremely well kept and has a perfect floorplan for entertaining. The family room features cathedral ceilings, hardwood floors, gas fireplace & an abundance of natural light.
The fantastic kitchen is open to the family room and boasts granite counters, huge island with a breakfast bar, stainless steel appliances including dual built-in ovens, microwave & gas cooktop, breakfast area, recessed lighting, built-in wine rack & tons of cabinet space.
The enormous master suite includes crown molding, two vanities, spa-like soaking tub, a spacious separate shower with dual shower heads & a walk-in closet.
The property also offers a few bonuses such as a study with French door entry, media room & huge gameroom upstairs.
The backyard features an extensive patio with 2 ceiling fans, great yard space & a top of the line playscape. Your friends & family will never want to leave!
COMING SOON
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AreaStats...continued from page 1...
‘affordable’,” added Guthrie. “Single-family homes priced for entry-level homebuyers are increasingly harder to find throughout the region.”Guthrie concluded, “Housing affordability and development policy decisions made in Austin have a regional ripple effect. It’s increasingly important for area homebuyers and sellers to know not only their local housing market conditions, but how their local housing market is being shaped by the region’s growth at large.”
Camp isn’t just about having somewhere to go. It’s about learning new skills, making new friends and creating memories. Get your kiddos out and about with help from these various seasonal and year-round establishments, where they will build a lifelong appreciation for activities that strengthen the body and mind.
Download the guide for 2017 Central Texas Camps | Provided by Stewart Title
2017 Central Texas Camps
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Bouldin$1.5M or under
With PoolBUYE
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We’ve been saying since December that 4%-plus on the 30-year loan would likely be the new norm going forward. With the Federal Reserve hinting that it would like to raise the federal funds rate (the base rate) up to three more times this year, it’s unlikely we’ll see a pullback in mortgage rates heading into summer as we did last year.That said, we don’t see much of an impetus for the 30-year loan to meander higher than 4.5%. We’ve already seen the Fed hedge on the idea that three rate increases could be forthcoming in 2017. In February, we’ve seen the yield on the 10-year U.S. Treasury note drift lower. Over the same time, we’ve seen gold prices drift higher. (The gold price will frequently move inversely to interest rates because the opportunity costs of holding gold drops with lower interest rates.) As we write, traders in fed funds rate futures contracts give 50/50 odds for a rate increase in May. These same traders give the greatest odds to a 25-basis-point (0.25%) increase.Should that occur (and we wouldn’t be surprised if it didn’t) that doesn’t mean materially higher mortgage rates reside in the future. The fed funds rate is one variable in the interest-rate equation. The Fed’s balance sheet is the other variable.The Fed’s balance sheet holds $4.5 trillion of Treasury securities (mostly long term) and mortgage-backed securities
(MBS) on the asset side. Before the 2008 financial crisis, the Fed’s balance sheet held $800 billion of Treasury securities (mostly short-term bills). Money supply is the corollary to the Fed’s assets. The more securities it holds, the more money the Fed has created. (The Fed pays for its securities with newly issued money.) The Fed has stopped buying additional Treasury securities and MBS, but it has continually reinvested the proceeds as they mature. This has kept the money supply high, which has helped keep interest rates low.
Fed officials have said they have no intention of reducing the balance sheet until the fed funds rate has been raised higher than its current level (no specifics have been given). When that occurs, then the Fed would consider reducing its assets, which, in turn, would reduce the money supply. (A dollar is a liability on the Fed’s balance sheet that’s offset by the securities it holds on the asset side.)
We don’t think that we’ll see mortgage rates rise significantly higher (by a percentage point or more) until the Fed begins to reduce its assets, which would also reduce the money supply. When this happens, and it might not happen until next year or beyond, then we would expect to see a significant increase in market-interest rates and in mortgage-lending rates.
INTEREST RATEFORECAST FOR 2017
The Mortgage CafeThe Mortgage CafeA special column from the lending experts at New Penn Financial.
Tera Gilbert, Senior Mortgage Consultant | 512.828.6420
For more information on home loans or other low-down-payment loans, please contact Tera Gilbert at [email protected] today.
Mortgage News & More
Castlewood ForestWith PoolBU
YER
TWO
N. of Convict Hill, S. of William CannonE. of Beckett, W. of Brush Country
$500K or under1,800 SqFt or larger
BUYE
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Westwood HS District3+ Bed, 2+ Bath
Fixer UpperBUYE
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if so, we‘d love to hear from you.
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March 2017 Central Texas Events Calendar
Happy St. Patrick’s Day!
EVENTS AND FESTIVALS
March 2*First Thursday in DT AustinSouth Congress Avenue, Austinfirstthursdayaustin.com
Enjoy a fun evening of eclectic food, shopping and people-watching in the heart of Austin.
March 2, 5-9 p.m.*First Thursday in DT BudaDowntown Budaci.buda.tx.us
Browse unique, antique and specialty vendors while enjoying food from downtown restaurants.
March 3*First Friday in DT GeorgetownGeorgetown Squarethegeorgetownsquare.com
Local merchants stay open late and the live music and festive atmosphere are perfect while you shop, eat or take a stroll in the town square.
March 4, 7 a.m.-4 p.m.*Wimberley Market DaysLions Field, Wimberleyshopmarketdays.com
Shop to your heart’s delight at the oldest outdoor market in the Texas Hill Country.
March 4, 8 a.m.Texas Independence Day Parade and 5KDowntown Austincelebratetexas.net
Proceeds from the 5K run go to the Celebrate Texas scholarship fund.
March 4, 11 a.m.-5 p.m.*Explore UTUniversity of Texas, Austinexploreut.utexas.edu
This campus-wide open house invites people of all ages to learn about the importance of higher education and have fun at the same time.
March 5, 6-9 p.m.Georgetown SwirlDowntown Georgetowngeorgetown.org
Sample desserts, coffees and Texas wines, while shopping for unique gifts and listening to live jazz performed by La Grosse Tete.
March 10-19*SXSWVarious Locations, Austinsxsw.com
With individual festivals for film, interactive, comedy and music, this is one of the biggest events in Austin.
March 11, 6-9 p.m.*Radha Madhav Dham HoliRadha Madhav Dham, Austinradhamadhavdham.org
Known as the festival of colors, this year’s annual Indian celebration will feature the traditional Holika fire.
March 11-25Rodeo AustinRodeo Austinrodeoaustin.com
In addition to the rodeo, there’s plenty of entertainment to be found at the carnival and stock show.
March 17-18*Pan Americana FestivalMexican-American Cultural Center Austinaustintexas.gov
This celebration of Latino culture includes live music, dancing and other forms arts and events to celebrate multiculturalism.
March 18, 2-10 p.m.*Texas Night Sky FestivalDripping Springs Ranch Parktexasnightskyfestival.org
This showcase of speakers and exhibits promotes the protection of a clear view of the night sky.
March 25, 11 a.m.-11 p.m.*Blanton Block PartyBlanton Museum, Austinblantonmuseum.org
Celebrating the newly reinstalled permanent collection, there are plenty of fun activities for the whole family.
March 25, 12-3 p.m.*Spring PflingPflugerville Recreation Centertx-pflugerville3.civicplus.com
Hosted by the Parks and Recreation Department, this event focuses on city recreation programs.
Mar. 31-Apr. 1Austin Urban Music FestivalAuditorium Shores, Austinurbanmusicfest.com
Enjoy live gospel, hip hop, R&B and soul music performed by local African-American artists.
* Free event
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FOOD, ART AND CULTURE
March 2-12UT New TheatreB. Iden Payne Theatre, Austintexasperformingarts.org
This series of work comes from graduate playwrights of UT Austin.
March 3-4The Second City: We’re All in This Room TogetherStateside at the Paramount, Austinsecondcity.com
The Chicago-based sketch and improv comedy group comes to Austin.
March 8, 8 p.m.The Triplets of Belleville Cine-ConcertMcCullough Theatre, Austintexasperformingarts.org
This screening of the animated film is paired with a live orchestra playing the film’s original sore.
March 9, 7:30 p.m.Price is Right LiveHEB Center, Cedar Parkhebcenter.com
Audience members get a shot at winning prizes while playing classic games from the hit show.
March 15-19Cirque du Soleil OVOHEB Center, Cedar Parkhebcenter.com
The love story of a quirky insect and a ladybug is the backdrop of this display of acrobatic feats.
March 25, 8 p.m.Brain Candy LiveACL Moody Theater, Austinacl-live.com
Hosted by Adam Savage and Michael Stevens, this show is a science talk full of entertainment.
March 31, 8 p.m.Marc Maron: The Too Real TourParamount Theatre, Austinaustintheatre.org
This comedian is the star of the hit show “Maron” and hosts the successful “WTF with Marc Maron” podcast.
SPORTS
March 4, 8 a.m.Warrior DashRusty’s Walnut Creek Ranch Cedar Creekwarriordash.com
This run, supporting St. Jude Children’s Research Hospital, features 12 intense and muddy obstacles.
March 5, 7 a.m.Moe’s Better Half MarathonTanger Outlets, San Marcossanmarcosrunners.org
Credited as the oldest half-marathon in Central Texas, this will be its final year. Proceeds benefit Kiwanis charities and scholarships.
March 12, 8:30 a.m.SEF 5K Color Run/WalkLakeline Mall, Cedar Parkgiftofvision.org
Participants and spectators can enjoy good food, DJ music and dancing.
Mar. 29-Apr. 1Clyde Littlefield Texas RelaysMike A. Myers Stadium, Austintexassports.com
High school, collegiate and professional athletes gather from around the nation for this track and field competition.
Schedules of Austin Area TeamsAustin Spursaustin.dleague.nba.com
Texas Starstexasstars.com
UT Longhornstexassports.com
MUSIC
March 3, 7 p.m.Bebe Rexha With Daniel SkyeEmo’s, Austinemosaustin.com
March 7, 7 p.m.John Aielli Eklektikos 50th Anniversary ConcertCactus Cafe, Austincactuscafe.org
March 12, 8 p.m.Stevie Nicks: 24 Karat Gold TourFrank Erwin Center, Austinuterwincenter.com
March 22, 8 p.m.Brian Ferry With Judith OwenACL Moody Theater, Austinacl-live.com
March 24-25, 8 p.m.Austin Symphony Orchestra: Mahler in MarchThe Long Center, Austinthelongcenter.org
March 26, 7 p.m.StonefieldMohawk, Austinmohawkaustin.com
March 31, 7 p.m.Rickie Lee JonesOne World Theatre, Austinoneworldtheatre.org
To find more music events, visit the following sites:austinchronicle.com/musiccactuscafe.orgcontinentalclub.comemosaustin.commohawkaustin.comnuttybrown.comoneworldtheatre.orgstubbsaustin.comthesaxonpub.com
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Want to know who’s on our speed dial? Here’s our ‘GO TO’ team!
If your home is listed for sale with another broker, this is not intended as a solicitation of business.
M O V I N G S E R V I C E S
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Brian D. Esway, CFP®Registered Representative*
New York Life Insurance Company6200 Bridgepoint Parkway, Suite 300, Austin, TX 78730
Tel. 512.329.4288 Fax [email protected]
The Company You Keep®*Registered Representative offering securities through NYLIFE Securities LLC,
Member FINRA/SIPC, an affiliate of New York Life Insurance Company.6200 Bridgepoint Parkway, Ste. 300, Austin, TX 78730. T. 512.329.4200
Each office is independently owned and operated.
TERA GILBERT
SENIOR MORTGAGE CONSULTANT
LoansByTera.com512.828.6420
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