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JKB Realty Group 512.532.5005 www.JKBRealty.com
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z 2,835 – Single-family homes sold, 4% less than August ‘13.
z $247,500 – Median price for single-family homes, 11% more than August ‘13.
z $311,414 – Average price for single-family homes, 9% more than August ‘13.
z 42 – Average number of days single-family homes spent on the market, 1 day fewer than August ‘13.
z 3,310 – New single-family home listings on the market, 4% more than August ‘13.
z 6,707 – Active single-family home listings on the market, 10% more than August ‘13.
z 2,430 – Pending sales for single-family homes, 1% more than August ‘13.
z 3 – Months of inventory* of single-family homes, .2 months more than August ‘13.
z $882,858,690 – Total dollar volume of single-family properties sold, 4% more than August ‘13.
In This Issue...1. Market Update
2. JKB Listings Hot Sheet
3. Calendar of Events
4. Tip of the Month Family Fun
5. JKB Listings Hot Sheet JKB Featured Listing
6. Vendor’s List
FOR THE AUSTIN AND SURROUNDING AREAS
October 2014JKB Realty Newsletter
Austin-area home sales declined for the 2nd consecutive month in August 2014 as rising home prices and housing affordability issues continue to affect the Austin-area housing market. According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area home sales decreased 4% year-over-year to 2,835 single-family home sales in August 2014.
The President of the Austin Board of REALTORS® explained, “A majority of Austin-area homes are now priced out of an affordable range for first-time and first-time move up homebuyers, where a significant portion of home sales volume occurs. We need a regulatory environment that supports the development of affordable housing stock for the future stability of our Austin housing market. As we prepare for the new districted Austin City Council this November, ABoR encourages voters to seek leaders that will address our housing and development challenges. The Austin Land Development Code basically needs to be overhauled.”
According to the report, median price for single-family homes jumped 11% year-over-year to $247,500 and average price rose 9% year-over-year to $311,414. Single-family homes continued
to sell quickly as they spent an average 42 days on the market, one day fewer than August 2013.
Monthly housing inventory continued to increase in August 2014, rising .2 months from the year prior to 3.0 months. While still well below the Real Estate Center at Texas A&M University’s balanced housing inventory level of 6.5 months, Austin-area housing inventory levels could continue to rise as much-needed listings enter the market.
In August 2014, active listings jumped 10% year-over-year to 6,707 listings and new listings rose 4% during the same time frame to 3,310. In addition, pending sales increased 1% to 2,430 single-family home sales.
The ABoR President concluded, “An increase in new and active listings is giving the market some much needed breathing room, but Austin’s housing inventory is still very low and has few affordable options. The new Land Development Code will be a crucial catalyst to sustainable market growth in 2015 and years to come, but it must be heavily revised in order to create housing options throughout the city that are affordable for all of Austin’s homebuyers.”
From the Desk of Jessica BruehlR AT E D O N E O F A U S T I N ’ S 2 5 TO P R E A LTO R S $180M+ SALES 750+ CLOSINGS 13+ YRS EXPERIENCE
* The inventory of homes for a market is measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 months. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.
Austin-area Home Sales Dip for 2nd Consecutive Month in Aug. 2014Austin board of realtors® releases real estate statistics for august 2014. 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.
JKB Realty Group 512.532.5005 www.JKBRealty.com
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The Listings Hot Sheet
This fabulous condo is located in a gated community just minutes from downtown. The fantastic open and spacious floorplan creates great flow making it easy to entertain family & friends. The main level includes recently installed hardwood floors. The living room offers high ceilings, bonus office nook & oversized windows that provide an abundance of natural light. The kitchen is open to the living room & features stainless steel appliances, breakfast bar, pantry & ample storage space. Conveniently located adjacent to the kitchen is the light & bright dining area. The bedroom includes a charming window seat & walk-in closet. The spacious bathroom offers great counter space & a linen closet. The community also features a gorgeous pool that will feel like an oasis on those hot Texas summer days. There is even a grill so you can host a bbq everyone will be talking about!
Virtual Tour: www.tourfactory.com/1211632
2901 Saville Loop, #14C
AVAILABLE
This property has fabulous curb appeal and is ready for it’s new owner. The wonderful floorplan is extremely spacious & has great flow. The family room offers soaring ceilings, beautiful hardwood floors, gas log fireplace & floor to ceiling windows providing an abundance of natural light. The kitchen is open to the living room & features tile flooring, fantastic counter & storage space, sleek appliances, breakfast bar, and pantry. Conveniently located adjacent to the kitchen is the light & bright dining area with high ceilings & chair rail molding. The master suite offers a double vanity, soaking tub, separate shower & walk-in closet. There is also a gameroom located upstairs that overlooks the family room below. The fenced in backyard includes a large open patio and multiple palm trees that give the space a relaxing retreat feel.
Virtual Tour: www.tourfactory.com/1216767
813 Caribou Ridge Trail
AVAILABLE
This fabulous south Austin condo is located in a gated community just minutes from shopping, dining & entertainment. The fantastic open floorplan creates great flow making it easy to entertain family & friends. The living room offers soaring ceilings, an abundance of natural light & access to the back patio. The kitchen features granite countertops, stainless steel appliances, breakfast bar, pantry & fantastic storage space. Conveniently located adjacent to the kitchen is the light & bright dining area. The master suite includes a double vanity with great counter & storage space, soaking tub, separate shower & huge walk-in closet. The gameroom features coffered ceilings and overlooks the family room below. This unit even has its own fenced in backyard with a spacious covered patio and backs to green space. The community also features a pool where you can cool off on those hot Texas summer days.
Virtual Tour: www.tourfactory.com/1220868
9201 Brodie Lane, #3003
This gorgeous home, located in Circle C, is situated on 1/3 acre cul-de-sac lot with no homes located along the back fence line. The family room includes soaring ceilings, beautiful wide plank hardwood floors, fireplace & a wall of windows that provide an abundance of natural light as well as a lovely view of the backyard. The kitchen is open to the family room & features granite countertops, island with built-in storage, breakfast bar, 2 built-in ovens, gas cooktop, pantry, great counter space & more! The spacious master suite offers a double vanity, soaking tub, separate shower & walk-in closet with hidden storage. This home also includes a light & bright office, gameroom, separate study area & reading nook. The outdoor living space is perfect for entertaining family and friends & includes a sprawling yard, built-in kitchen & pergola with a louvered roof system so that you can enjoy the outdoors in any weather.
Virtual Tour: www.tourfactory.com/1229637
6701 Maelin Cove
AVAILABLE
AVAILABLE
JKB Realty Group 512.532.5005 www.JKBRealty.com
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octoberEVENTS & FESTIVALS
October 2 - 4Austin Comic Con 2014Austin Convention Center, Austinhttp://www.wizardworld.com/home-tx.html
October 2First Thursday along South Congress Ave.Food, fun, shopping and people watching.South Congress Avenue, Austin.www.firstthursday.info
October 3 - 5Fredericksburg OktoberfestGerman music, food and drink, artisans, children’s area and family fun.MarktPlatz, Fredericksburghttp://www.oktoberfestinfbg.com/
October 18 - 19Austin Celtic FestivalTheir 14th annual celebration. Four stages of Irish, Scottish and Breton music, dance, storytelling, workshops and more. Plus, Sheepherding demos, Highland Games and over 30 Celt craft vendors.Fiesta Gardens, Austinwww.austincelticfestival.com
October 23 - 30Austin Film FestivalRecognized as one of the top film festivals in the country, this cinematic event shines the spotlight on top-billed films and Indies alike.Paramount Theatre and various locations, Austinwww.austinfilmfestival.com
October 25 - 26Texas Book FestivalFor book lovers of all ages! Enjoy author readings and presentations, panel discussions, book signings, cooking demonstrations, live music, local food, YA authors, children’s activities and exhibiting vendors from across the state.Downtown, Various Locations, Austinwww.texasbookfestival.org
FOOD, ART & CULTUREOctober 7 - 12Beauty And The BeastThe romantic Broadway musical for all generations!Bass Concert Hall, Austinhttp://texasperformingarts.org/events
October 19rePLAY Symphony of HeroesA hero’s journey, as set forth by Joseph Campbell’s monomyth; a narrative framework that can be seen in many of the games, film, and books throughout history.The Long Center, Austinhttp://thelongcenter.org/event/replaysymphony-heroes/
October 28 (5pm - 9pm)Trailer Food TuesdaySample the delicious food trucks of Austin in one easy location.The Long Center, Austinthelongcenter.org/
October 28 (6:30pm - 8:30pm)Candy & CheeseA special Halloween-y class with Cheese and Candy pairings! Who could ask for a better and more decadent way to celebrate this spooky holiday than some amazing sweet-on-sweet and salty-sweet flavor combinations.Antonelli’s Cheese Shop, Austinhttp://www.antonellischeese.com/
October 31 (9pm)6th Annual Zombie Ball MasqueradeTHE PARTY TO DIE FOR! Celebrate Halloween in style at ACL Live in downtown Austin. The Zombie Ball Masquerade promises to be the Haunte’d Couture event of the year, complete with red carpet, a lavishly supernatural setting, and the sexiest of the walking dead.ACL Live at The Moody Theater, Austinhttp://acl-live.com/
SPORTSOctober 10 - 12U.S. Vintage Racing National ChampionshipFeatures three days of on-track action with over 600 Vintage race cars from around the globe.Circuit of The Americas, Austinwww.circuitoftheamericas.com/vintage/
October 19 (7:30am)Austin’s LIVESTRONG ChallengeHeld in conjunction with Ride for The Roses Weekend, the 2014 Team LIVESTRONG Challenge Austin is an annual ride in beautiful Austin, Texas. This event is suitable for riders of all levels, with routes of 20, 45, 65 and 100 miles.Palmer Events Center, Austinhttp://www.livestrong.org/events/1700/
Texas Longhorns Calendarwww.texassports.com/calendar/events
MUSICOctober 2 (8pm)Tito’s Hometown Shindig Presents: An Evening With BeckStubb’s Outdoor Theater, Austinhttp://stubbsaustin.com/concert-listings
October 14 & 15 (8pm)Widespread PanicACL Live at The Moody Theater, Austinhttp://acl-live.com/
October 17 (7pm)Old 97’s with Sarah JaffeStubb’s Outdoor Theater, Austinhttp://stubbsaustin.com/concert-listings
Calendar of events
JKB Realty Group 512.532.5005 www.JKBRealty.com
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BUYER #1Lake Austin Waterfront Area
Maximum $2M
BUYER #2Mueller Area
Maximum $800K
BUYER #3Barton Creek AreaMaximum $1.75M
Formula 1 United States Grand PrixWhen: Oct. 31 - Nov. 2 | Where: Circuit of the Americas
Formula 1TM racing is the most watched, most innovative, most expensive and star-studded motorsport in the world. With 19 races in 19 countries, Circuit of The Americas will host the only stop in the United States. Last year, 250,325 guests filled Circuit of The Americas making it one of the highest attended F1 Grand Prix races of the 2013 season.
http://circuitoftheamericas.com/f1
5 Feng Shui Concepts to Help a Home SellBy REALTOR® Magazine. Information provided by http://realtormag.realtor.org/sales-and-marketing/
To put the best face on a listing and appeal to buyers who follow feng shui principles, keep these tips in mind.
1. Pay special attention to the front door, which is considered the “mouth of chi” (chi is the “life force” of all things) and one of the most powerful aspects of the entire property. Abundance, blessings, opportunities, and good fortune enter through the front door. It’s also the first impression buyers have of how well the sellers have taken care of the rest of the property. Make sure the area around the front door is swept clean, free of cobwebs and clutter. Make sure all lighting is straight and properly hung. Better yet, light the path leading up to the front door to create an inviting atmosphere.
2. Chi energy can be flushed away wherever there are drains in the home. To keep the good forces of a home in, always keep the toilet seats down and close the doors to bathrooms.
3. The master bed should be in a place of honor, power, and protection, which is farthest from and facing toward the entryway of the room. It’s even better if you can place the bed diagonally in the farthest corner. Paint the room in colors that promote serenity, relaxation, and romance, such as soft tones of green, blue, and lavender.
4. The dining room symbolizes the energy and power of family togetherness. Make sure the table is clear and uncluttered during showings. Use an attractive tablecloth to enhance the look of the table while also softening sharp corners.
5. The windows are considered to be the eyes of the home. Getting the windows professionally cleaned will make the home sparkle and ensure that the view will be optimally displayed.
Austin City Limits Music FestivalWhen: Oct. 3-5, 10-12 | Where: Zilker Park
ACL Festival takes place on 46-acres in Zilker Park, the crown jewel of Austin’s public green spaces. It plays host not only to 130+ artists from across the globe, but amazing local eats and wares, free fun for the kiddos, green goings-on, and other cool activities to entertain you between sets!
http://www.aclfestival.com/
The Tip of the Month
Call us today and find out if we have a buyer for YOUR home.
Do you know of a home for our buyers? If so, we ‘d love to hear from you.
JKB Realty Group 512.532.5005 www.JKBRealty.com
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The Listings Hot Sheet
128 DOVETAIL LANE 3,522 sq. ft. | 3 bed | 3.5 bath | 3 living
128 Dovetail Lane
OUR FEATURED LISTING
This luxurious property is sure to please! The fantastic outdoor living space creates the perfect atmosphere for entertaining family and friends and includes a covered patio with built-in outdoor kitchen, pool and spa with loads of shade trees! The resort-style gourmet kitchen features granite countertops, island, breakfast bar, walk-in pantry, custom serving island, and KitchenAid® stainless appliances including built-in oven, convection oven, warming drawer, trash compactor, commercial grade gas cooktop, and wine refrigerator.
The spa-like master suite offers beautiful hardwood floors, oversized windows with custom cellular shades, French doors that lead to the outdoor pool area, a huge walk-in shower with 3 shower heads, jetted tub, real marble counters and a spacious walk-in closet with custom built-ins. All bedrooms are ensuite and there is no carpet throughout the home. This gorgeous home also includes a charming study, inviting courtyard and golf cart bay. The home has recently been renovated and is move-in ready!
Virtual Tour: www.tourfactory.com/1200868
This home is an entertainer’s dream with multiple living areas, open floor plan, gourmet kitchen & spectacular view overlooking the pond. The fabulous kitchen features a large center island, granite countertops & stainless steel appliances that include 2 dishwashers, built-in Kitchenaide refrigerator, 2 ovens, warming drawer & more! There is even a wine room just around the corner! Feel at home in a master suite complete with vaulted ceilings, access to the outdoor sitting area, 2 vanities, jetted tub, separate walk-in shower & huge walk-in closet with custom built-ins. Upstairs is a spacious game room with exposed wood beams & a wet bar. The living space out back is perfect for relaxing year round & includes an open patio as well as a spacious covered patio with recessed lighting, stone gas fireplace, pool & spa and a pool bath.
Virtual Tour: www.tourfactory.com/1185943
505 Indigo Lane
CONTINGENT
Tucked away behind Restaurant Row and a City of Austin park giving access to the Lady Bird Lake Hike and Bike Trail, this home has everything you’ve ever wanted and more! This one of a kind developer’s premier 1st floor unit is located down the hall from the fitness center and guest suite, has no shared walls and includes direct courtyard access. You’ll be the envy of all your friends with a 52-bottle Thermador wine refrigerator, warming drawer, built-in oven and microwave, a 5-burner gas cooktop, Travertine accents and European style cabinets. Relax in the spa like master suite complete with double vanity, large soaking tub, separate walk-in shower and huge walk-in closet with custom shelving. Come live the Austin lifestyle with the convenience of a condo and the amenities of a luxury resort!
Virtual Tour: www.tourfactory.com/807756
1600 Barton Springs Rd. #4101
PENDING
JKB Realty Group 512.532.5005 www.JKBRealty.com
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ALLSIDES ROOFING& CONSTRUCTION
Free EstimatesLocal: 512.626.5294
Toll Free: 877.864.9037
Michael Katsus | 512.539.7901 [email protected]
The Vendor List
Vendors provide sponsorships, door-prizes and a wealth of valuable services to our clients.Please mention JKB Realty when scheduling your next appointment.
Want to know who’s on our speed dial? Here’s our ‘GO TO’ team!
MOVE UP PROGRAMQualify for a discount by letting us
sell your current home while helping you locate your new home.
CALL US TODAY512.532.5005
Save thousands of dollars!
Each office is independently owned and operated.
Tera GILBERTSENIOR MORTGAGE CONSULTANT
LoansByTera.com512.828.6420
PARTNERS FINANCIAL GROUP OF TEXAS
David Lutz512.258.6734
pfgtx.com | [email protected]
512.261.2465
michellethomasdesign.com512.934.8107
Webster & Co.M O V I N G S E R V I C E S
512.751.0893
888.492.7359 [email protected]
If your home is listed for sale with another broker, this is not intended as a solicitation of business.
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THOUSANDS OF DOLLARSthrough our negotiating
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