CONSISTENTLY RATED ONE OF AUSTIN'S TOP REALTORS | $260M+ SALES | 750+ CLOSINGS | ESTABLISHED 2003 JKB Realty News Serving the Austin and surrounding communities
DECEMBER 2016
Single-family home sales rise in the city of Austin, decline across Central Texas region in October
Single-family home sales jumped within the city of frame, while homes spent slightly more time on the Austin but declined across the Austin-Round Rock market, or an average of 42 days. Metropolitan Statistical Area (MSA) in October, Conversely, single-family home sales fell across the according to the October 2016 Central Texas Austin-Round Rock MSA in October 2016, declining Housing Market Report released by the Austin Board 3.1% year-over-year to 2,219 home sales. Median of REALTORS®. price rose 9.3% from October 2015 to $279,000, while Aaron Farmer, 2016 President of the Austin Board of housing inventory edged up.1 months year-over-year REALTORS ® said, “Home sales typically slow down to 2.6 months of inventory. Single-family homes spent in the fall, so it’s encouraging to see a surge of sales an average of 51 days on the market in October 2016, within Austin’s city limits last month. Much of this two days more than October 2015. growth is being driven by new home sales in the city, 6LQJOHIDPLO\KRPHVDOHVLQ+D\V&RXQW\ZHUHȵDWLQ which are up nearly 38% year to date. Homes within October 2016, increasing .8% year-over-year to 258 Austin’s city limits continue to be in strong demand, home sales. The median price for single-family homes GHVSLWHKDYLQJDVLJQLȴFDQWO\KLJKHUSULFHSRLQWWKDQ in Hays County jumped 17.5% to $249,945 in October housing stock in surrounding areas.” 2016. Largely in part to active ongoing housing $IWHU UHODWLYHO\ ȵDW JURZWK WKURXJKRXW PXFK RI WKH development throughout the area, housing inventory year, single-family home sales in the city of Austin increased 0.4 months to 3.1 months of inventory in jumped 7.5% year-over-year to 703 home sales in ...continued on page 6... October 2016. Median price increased 6.5% year-over- Click for Austin Statistics year to $332,250, while housing inventory increased .2 months to 2.2 months. Active listings increased 11.3% year-over-year to 1,667 listings during the same time
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.
Stacy Amanda Jessica Cherie Michael JKB Realty Group 512.532.5005 1 www.JKBRealty.com Our Featured Listings AVAILABLE
600 CIMARRON HILLS TRAIL WEST 5,133 Sq. Ft. | 4 Bed | 3 Full, 2 Half Baths 2 Living + Study | 2 Dining | 3 Car Garage
This wonderful estate is located on a large tree covered lot that backs to wooded green space & the golf course. The home features multiple living areas, gourmet kitchen, Travertine DQG KDQG VFUDSHG KLFNRU\ ZRRG ȵRRUV IDEXORXV RXWGRRU entertaining areas. 7KH IDQWDVWLF RSHQ ȵRRUSODQ FUHDWHV JUHDW ȵRZ DQG LV DQ HQWHUWDLQHUȇVGUHDP7KHKRPHRHUVDQDEXQGDQFHRIQDWXUDO light and custom built-ins & cabinetry throughout. The kitchen boasts granite counters, a huge island with storage, Butler’s pantry with wine fridge, and stainless steel appliances that include a commercial grade gas stove, built-in oven & microwave, breakfast area & tons of cabinet space. Feel at home in a master suite complete with vaulted ceilings, crown molding, double vanity with fabulous built-in storage, spa like jetted tub, walk-in shower & two huge walk-in closets. The home also features a few bonuses such as a study, music room, courtyard & a mud room. The sensational outdoor living space, works like an extra living URRP IHDWXUHV D ODUJH FRYHUHG SDWLR JDV ȴUHSODFH EXLOWLQ kitchen with a stainless Viking grill & great yard space. Your friends and family will never want to leave!
JKB Realty Group 512.532.5005 2 www.JKBRealty.com Our Featured Listings UNDER CONTRACT
103 ROSESPRING 4,486 Sq. Ft. | 4 Bed | 3.5 Bath Family Room | Study | Game Room & Media Room | 3 Car Garage
This wonderful estate is located on a large lot backing to a SRQGDQGRHUVEUHDWKWDNLQJVXQVHWYLHZV7KHKRPHIHDWXUHV multiple living areas, gourmet kitchen, stained & scored FRQFUHWHȵRRUVDQGDQDEXQGDQFHRIQDWXUDOOLJKWWKURXJKRXW 7KH IDQWDVWLF RSHQ ȵRRUSODQ FUHDWHV JUHDW ȵRZ DQG LV DQ HQWHUWDLQHUȇVGUHDP7KHIDPLO\URRPRHUVFDWKHGUDOFHLOLQJV ZDOOWRZDOOZLQGRZVDQGDJDVȴUHSODFH The kitchen boasts granite counters, farmhouse sink, an island with a 2nd sink, stainless steel appliances that include a %HUWD]]RQLFRPPHUFLDOJUDGHJDVVWRYHZLWKSRWȴOOHU EXLOWLQ convection oven, breakfast area, pantry & more cabinet space than you will know what to do with. Feel at home in a master suite complete with vaulted ceilings, recessed lighting, private access to the back patio, two vanities, spa like jetted tub, enormous walk-in shower & a walk-in closet. The home also includes a few bonuses such as a study, media room with projector & screen included & a huge gameroom with a wet bar, wine fridge, custom shelving & access to the balcony. The back covered patio features a wood planked ceiling, 2 ceiling fans and a fantastic view of the pond. You, your friends and family can enjoy the outdoors year round!
JKB Realty Group 512.532.5005 3 www.JKBRealty.com Our Featured Listings 1809 Chimney Dr. AVAILABLE This gorgeous, barely lived in home is busting at the seams with upgrades! You can no longer build WKLV ȵRRUSODQ ZLWK WKHVH XSJUDGHV DW WKLV SULFH 7KH RSHQȵRRUSODQFUHDWHVDQHDV\ȵRZWKDWLVSHUIHFWIRU entertaining family & friends. 7KHIDPLO\URRPRHUVKLJKFHLOLQJVDQDEXQGDQFHRI windows that provide great natural light, & beautiful KDUGZRRG ȵRRULQJ 7KH NLWFKHQ IHDWXUHV JUDQLWH countertops, 36’’ maple cabinets, custom backsplash, stainless steel appliances, island, pantry, breakfast area & fantastic storage space. The spacious master suite includes gorgeous hardwoods, walk-in closet, double vanity with granite countertops, soaking tub & VKRZHUZLWKJODVVVXUURXQG 1608 Acacia Bud Dr. AVAILABLE This stunning renovated home sits on a large 0.29 acre lot IHDWXUHVDQRSHQȵRRUSODQJUHDWFXUEDSSHDO XSJUDGHV throughout. Upgrades include a remodeled kitchen & secondary baths, designer lighting & paint, new roof (2015), upgraded water heaters & recently replaced upstairs HVAC. The fabulous kitchen is open to the family room and boasts granite counters, large island, stainless steel appliances including built-in double ovens microwave & gas cooktop, breakfast area, custom backsplash, farmhouse sink & more! Feel at home in an enormous master suite complete with YDXOWHG FHLOLQJV KDUGZRRG ȵRRUV FURZQ PROGLQJ GRXEOH vanity, soaking tub, separate shower & a walk-in closet. 7KLVLPSUHVVLYHSURSHUW\DOVRRHUVDIHZDGGHGERQXVHVVXFK as a huge gameroom upstairs as well as a spacious study with French door entry & a media or playroom downstairs! The backyard features a sprawling yard with beautiful shade trees and a large deck that runs along the entire back of the house- perfect for entertaining your family & friends. JKB Realty Group 512.532.5005 4 www.JKBRealty.com Our Featured Listings AVAILABLE 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. 7KH IDQWDVWLF RSHQ ȵRRUSODQ FUHDWHV JUHDW ȵRZ DQG LV DQ HQWHUWDLQHUȇVGUHDP7KHKRPHRHUVDQDEXQGDQFHRIQDWXUDO 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! JKB Realty Group 512.532.5005 5 www.JKBRealty.com AreaStats ...continued from page 1... October 2016, while active listings for single-family homes jumped 17.6% year-over-year to 874 active listings. The largest annual decline in home sales in October The statistics below show an accurate picture of how the Austin-area housing market stands. These statistics 2016 was in Williamson County, where single-family are for single-family homes compared year-over-year. home sales fell 12.2% year-over-year to 744 home sales. Visit ABoR.com/statsoct16 for the full press release and The median price for single-family homes in Williamson RWKHUDUHDVSHFLȴFLQIRJUDSKLFV County increased 7.1% year-over-year to $255,000, while housing inventory fell .1 months from October 2015 to 2.2 months of inventory. Active listings for single-family KRPHV LQ :LOOLDPVRQ &RXQW\ UHPDLQHG ȵDW LQ 2FWREHU 2016 at 1,859 active listings, an increase of 0.5 percent from October 2015. “Williamson County’s unprecedented housing demand continues to keep housing inventory at record low levels, despite having one of the strongest housing development activities in the region,” added Farmer. Vaike O’Grady, Austin Regional Director for Metrostudy, agreed: “An extraordinary number of homes are under construction in Williamson County, but nearly everything that’s going on the ground is being sold. In the city of Austin, single-family housing growth is concentrated in a few subdivisions, such as the Mueller community.” Metrostudy’s recent 3Q16 survey of the Austin housing market showed that housing starts and closing throughout the Austin area are at their highest level since 2006. %XLOGHUVDUHDWWHPSWLQJWRȴOOWKHJURZLQJDRUGDELOLW\JDS E\RHULQJVPDOOHUȵRRUSODQVDQGIHZHUIHDWXUHVDVZHOO as a greater number of condominiums and townhomes, but primarily only in areas outside the city. “Austin homes command a premium, so you don’t see a lot of lower-priced housing options within the city. Most QHZVLQJOHIDPLO\KRPHVEHLQJRHUHGLQWKHFLW\RI$XVWLQ are priced at $400,000 or higher,” added O’Grady. “Housing development is at the center of solving Austin’s JURZLQJ DRUGDELOLW\ FULVLV EXW LW KDV WR EH WKH ULJKW kind of housing being developed – a variety of housing stock at all price points and where it’s needed most,” concluded Farmer. “This can only happen once a new Land Development Code is put in place. The Austin Board of REALTORS® urges our city’s leaders to make reworking According to the Real Estate Center at Texas A&M University, a *balanced market constitutes 6.5 months of inventory, which Austin’s Land Development Code their top priority.” represents a balanced supply and demand for homes. ©2016 Austin Board of REALTORS®. All rights reserved. JKB Realty Group 512.532.5005 6 www.JKBRealty.com Mortgage News & More BANKS DON'T RULE The Mortgage Cafe A special column from the lending experts at New Penn Financial. THE MORTGAGE INDUSTRY Tera Gilbert, Senior Mortgage Consultant | 512.828.6420 ANYMORE 6WHS DVLGH EDQNV WKHUH V D QHZ VKHUL LQ WKH Another trend that emerges from recent data is mortgage lending industry. a higher loan approval percentage. Mortgage According to a new analysis by Inside Mortgage approval rates hit rock bottom in 2007 at 40 Finance, nonbank lenders gave out 51.4 percent of percent, but rates have climbed back up to 52.5 mortgage loan dollars in the third quarter of 2016, percent, the Austin Business Journal reported. The The Wall Street Journal reported. That's up from massive gains of nonbank lenders in the mortgage the 46 percent of total mortgage originations industry can be attributed to low default rates, they had for all of 2015, the source noted. Overall, according to The Wall Street Journal. Some are these lenders have accounted for 48 percent of concerned that nonbank lenders will be in trouble mortgage originations this year, according to 24/7 if delinquency rates start to go up, but others are Wall Street. These institutions have been making not so worried because the government insures up a lot of ground on banks in recent years, as many of these loans. new research is demonstrating. And although it seems like banks are losing In a new S&P Global Market Intelligence report on ground, some are simply changing their focus the largest mortgage originators, four major banks to targeting wealthier borrowers with jumbo still held the top spots, but 12 nonbank lenders mortgages, which are valued at $417,000 or more, appeared on the list as well, according to the Austin 24/7 Wall Street reported. Business Journal. The market has been favoring It is yet to be seen how new regulations from the buyers this past year, and low interest rates have Consumer Financial Protection Bureau will impact caused an increased interest from people in lending in 2017. purchasing homes, the source explained. For more information on home loans or other low-down-payment loans, please contact Tera Gilbert at [email protected] today. if so, we‘d love to hear from you. Northwest Austin Western Oaks, Legend Oaks, Circle C $400K or under ONE $350K or under THREE BUYER BUYER Fixer Uppers Southwest Austin Avery Ranch, Brushy Creek Single-story, Pool $420K or under TWO FOUR BUYER Very Private Backyard BUYER $WOHDVW0DVWHURQPDLQȵRRU JKB Realty Group 512.532.5005 7 www.JKBRealty.com December 2016 Central Texas Events Calendar Happy Holidays! * Free event EVENTS AND FESTIVALS December 8, 6:30-9:30 p.m. Nov. 26-Dec.18 Night of Jazz Fundraiser A Christmas Carol For our list of holiday events, view Texas Old Town Sage Hall, Kyle EmilyAnn Theatre, Wimberley kylechamber.org emilyann.org our Holiday Events piece. stewart.com/austin With live music by the Hays High School Jazz Ebenezer Scrooge is given a second chance to Band, enjoy dinner, dessert, dancing and a turn his life around by facing the ghosts of his December 1 silent auction. past, present and future. *First Thursday in DT Austin South Congress Ave. December 9-11 December 1, 7:30 p.m. firstthursdayaustin.com Vintage Market Days Brian Regan Dripping Springs Ranch Park Base Concert Hall, Austin Enjoy a fun evening of eclectic food, shopping vintagemarketdays.com texasperformingarts.org and people-watching in the heart of Austin. Vintage-inspired market featuring antiques, Come see a stand-up performance by a comic December 1, 5-9 p.m. handmade items, seasonal plantings and more. held in high regard by the likes of Jerry Seinfeld, Chris Rock, David Letterman and others. *First Thursday in DT Buda ci.buda.tx.us December 10-11, 10 a.m.-5 p.m. *Cherrywood Art Fair December 2 Browse unique, antique and specialty vendors Maplewood Elementary, Austin Tiramisu for Two while enjoying food from downtown restaurants. cherrywoodartfair.org Performing Arts Center at Texas State University, San Marcos December 1-4 Supporting Little Artist BIG ARTIST, this event toursanmarcos.com features diverse work from local artists, live Other Worlds Austin music and activities Flix Brewhouse, Round Rock While searching for the love of his life, whom he hasn’t seen in 30 years, Giorgio gets dragged otherworldsaustin.com into an unexpected adventure. FOOD, ART AND CULTURE With two years of sold-out screenings under its ILS[[OPZZJPÄÄSTMLZ[P]HS^PSSPUJS\KLOVYrVYÄSTZ December 6-11 through Under Worlds Austin. Nov. 18-Dec.18 Cinderella rd Laughter on the 23 Floor Bass Concert Hall, Austin December 2 City Theatre, Austin texasperformingarts.org *First Friday in DT Georgetown citytheatreaustin.org (^VTHUÄNO[Z[OLVKKZPU[OPZ[HSLVMSV]L visit.georgetown.org This comedy from Neil Simon provides a look magic and a glass slipper. at the problems that plagued television show Local merchants stay open late, and the live creators of the 1950’s. music and festive atmosphere are perfect while December 8, 8 p.m. you shop, eat or take a stroll in the town square. Jim Jefferies Nov. 23-Dec.25 Paramount Theatre, Austin December 3, 7 a.m.-4 p.m. The Santaland Diaries austintheatre.org *Wimberley Market Days Zach Theatre, Austin shopmarketdays.com zachtheatre.org This popular comic’s performances have touched on many controversial topics. Shop to your heart’s delight at the oldest Based on his time as a Macy’s elf, David Sedaris’ tale will leave you laughing. outdoor market in the Texas Hill Country. JKB Realty Group 512.532.5005 8 www.JKBRealty.com December 8-18 December 28, 2 p.m. and 7 p.m. December 10-11, 8:30 p.m. Of Mice and Music – A Jazz Harlem Globetrotters World Tour Mike Cooley Tap Nutcracker! Frank Erwin Center, Austin Cactus Cafe, Austin Rollins Studio Theatre, Austin uterwincenter.com cactuscafe.org thelongcenter.org Magic Pass tickets are available for this event, December 14, 7 p.m. giving fans the opportunity to spend time on the This contemporary twist on Tchaikovsky’s classic MIx 94.7 Presents: ballet with a jazz-based score and tap dancing. court with the Globetrotters. The Merry Mix Show 2016 HEB Center, Cedar Park December 31, 8:30 a.m.-12 p.m. December 9-11 hebcenter.com Day of Tango Festival Kyle-O-Meter Resolution Run Multiple Locations, Austin Wallace Middle School, Kyle This show features Train, Blue October and Fitz dayoftango.org kylechamber.org and the Tantrums. Accompanied by vendors providing wellness Honoring the creators of the Tango, this tree- December 15, 7 p.m. day celebration includes live performances and tips, this 5K run is perfect for those looking to dancing lessons. make a healthy start in the new year. 101 X Indie Xmas: Local Natives Emo’s, Austin emosaustin.com December 15, 10 a.m.-9 p.m. Schedules of Austin Area Teams *Third Thursdays Austin Spurs austin.dleague.nba.com December 16 Blanton Museum of Art at UT, Austin Stanley Clarke Band blantonmuseum.org Texas Stars HEB Center, Cedar Park Experience themed tours, gallery talks, extended texasstars.com oneworldtheatre.org museum hours and more. UT Longhorns December 20-22 texassports.com A Swingin’ Christmas December 16-18 Rollins Studio Theatre, Austin Petra and the Wolf thelongcenter.org Stateside at the Paramount, Austin MUSIC austintheatre.org December 2, 9 p.m. December 29-31, 8 p.m. Performed through puppetry, this is the story of Metalachi Willie Nelson and Family New Year a stand-off between a young girl and a wolf. Stubb’s, Austin ACL Moody Theater, Austin stubbsaustin.com acl-live.com December 26-28 December 3, 8 p.m. The three-night event includes special guest Shen Yun Ryan Bingham and New Year’s Eve appearances The Long Center, Austin King Dude by Lukas Nelson and Promise of the Real, thelongcenter.org Mohawk, Austin Father Time Texas and Baby New Year. mohawkaustin.com Accompanied by a live orchestra that combining ;VÄUKTVYLT\ZPJL]LU[Z East and West to create music, this performance December 4, 8 p.m. brings to life the spirit of the Middle Kingdom. visit the following sites: Seu Jorge austinchronicle.com/music ACL Moody Theater, Austin cactuscafe.org SPORTS acl-live.com continentalclub.com emosaustin.com December 5, 7:30 p.m. December 5 mohawkaustin.com Conspirare Christmas with WWE Monday Night RAW nuttybrown.com Matt Alber Frank Erwin Center, Austin oneworldtheatre.org The Long Center, Austin uterwincenter.com stubbsaustin.com thelongcenter.org thesaxonpub.com Come see champions Roman Reigns and Kevin Owens, as well many other favorites December 6, 7:30 p.m. from the WWE. Dolly Parton Frank Erwin Center, Austin uterwincenter.com JKB Realty Group 512.532.5005 9 www.JKBRealty.com Want to know who’s on our speed dial? Our Vendor List Here’s our ‘GO TO’ team! ALLSIDES LAKEWAY • AUSTIN • BASTROP • CEDAR PARK • GEORGETOWN ROOFING & CONSTRUCTION Free Estimates Local: 512.626.5294 Toll Free: 877.864.9037 J.Noel For the BEST in Title and Closing Services, PHOTOGRAPHER trust Trinity Title jnoelphotography.com 512.236.6925 www.trinitytitletx.com MOVING SERVICES zzz 512.751.0893 Tom McAnn Professional Inspector #5418 Page Gandy webstermoving.net [email protected] 512.524.5408 [email protected] 512-677-1286 [email protected] Brian D. Esway, CFP® Registered Representative* Michael Katsus | 512.539.7901 New York Life Insurance Company 6200 Bridgepoint Parkway, Suite 300, Austin, TX 78730 [email protected] Tel. 512.329.4288 Fax 512.329.4258 [email protected] The Company You Keep® Jennifer Uxer, DO, FACOG *Registered Representative offering securities through NYLIFE Securities LLC, Member FINRA/SIPC, an affiliate of New York Life Insurance Company. 12201 Renfert Way, Ste. 325 6200 Bridgepoint Parkway, Ste. 300, Austin, TX 78730. T. 512.329.4200 Austin, Texas 78758 888.492.7359 512.83(OBJEN) [email protected] www.capobgyn.com TERA GILBERT WE CAN SAVE YOU $1,000'S! SENIOR MORTGAGE CONSULTANT NEW LoansByTera.com 512.828.6420 Billysteveteve Korpi | 512512.797.9124 797 EXPERTS [email protected]@gmail.com CALL US TODAY 512.532.5005 Vendors provide sponsorships, door-prizes & a wealth of valuable services to our clients. Please mention JKB Realty when scheduling your appointment. If your home is listed for sale with another broker, this is not intended as a solicitation of business. (DFKRI¿FHLVLQGHSHQGHQWO\RZQHGDQGRSHUDWHG JKB Realty Group 512.532.5005 10 www.JKBRealty.com