CONSISTENTLY RATED ONE OF 'S TOP REALTORS | $275M+ SALES | 700+ CLOSINGS | ESTABLISHED 2003 JKB Realty News Serving the Austin and surrounding communities

MAY 2017

MARCH 2017 CENTRAL TEXAS HOUSING MARKET REPORT HIGHLIGHTS DISPARITIES AMONG HOUSING PRICE CLASSES

Single-family home sales declined across the Austin-Round year-over-year to 780 home sales in March 2017. The median Rock Metropolitan Statistical Area (MSA) and increased in the price for single-family homes jumped 12.6% from March 2016 city of Austin in March, according to the March 2017 Central to $371,606, and housing inventory increased .1 months to 1.8 Texas Housing Market Report released by the Austin Board of months of inventory. REALTORS®. Analyzing a growing disparity in market conditions An analysis of March 2017 housing market data by price class among housing price classes, the report underscored the need revealed disparities in sales activity, time spent on the market and for policies that create additional housing capacity to meet the inventory of single-family homes throughout the region. Price class market demand and a broader range of housing types throughout breakdowns of single-family home sales revealed annual declines the region. in the sales volume and availability of lower-priced homes and Brandy Guthrie, 2017 President of the Austin Board of REALTORS® corresponding gains in the sales volume and inventory of higher- commented, “Growing disparities in housing market conditions at priced homes. all levels of pricing represent an urgent and immediate need to In the city of Austin, sales volume among single-family homes fill the 'missing middle' in the region’s housing stock. The City of priced less than $300,000 fell sharply in March 2017, while Austin’s CodeNEXT Zoning Comparison released earlier has given the volume of homes sold for $300,000 and higher increased us a more tangible view of that need and confirmed the Austin significantly during the same time frame. Board of REALTORS® concerns about the draft land development code. Our newly adopted Strategic Housing Blueprint calls for The monthly housing inventory for single-family homes priced the equitable disbursement of affordability throughout the city and $250,000 or less in the city of Austin was less than half a month we’ll need more substantive change than what’s been proposed in March 2017, or essentially nonexistent. Single-family homes to get there.” priced between $150,000 and $250,000 spent less than one month on the market in March 2017. During the same time frame, In March 2017, single-family home sales in the Austin-Round Austin single-family homes priced $500,000 and higher spent Rock MSA declined 1.4% year-over-year to 2,509 home sales. more than 60 days on the market and posted significantly higher During the same time frame, median price for single-family homes inventory levels. increased 5.6% to $295,767, and housing inventory increased .2 months to 2.4 months of inventory. Dr. Jim Gaines, Chief Economist for The Real Estate Center at Texas A&M University, agreed: “As population grows and residents seek Within the city of Austin, single-family home sales increased 1.2% 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. ...continued on page 6...

Stacy Amanda Jessica Cherie Michael JKB Realty Group 512.532.5005 1 www.JKBRealty.com Our Featured Listings

AVAILABLE

2004 CANONERO DRIVE 5,867 SF | 6 Bed | 5 Bath 6 Living | 2 Dining | 3 Car Garage

This beautiful home sits on a huge 1.268 acre lot & features an abundance of natural light, multiple living spaces & amazing hill country views from almost every room! The fabulous kitchen is open to the family room and boasts granite counters, large island, breakfast area, pantry, fantastic cabinet space, recessed lighting, sleek appliances including dual built-in ovens, gas cook top, trash compactor & more! Feel at home in your enormous master suite complete with crown molding, fireplace, sitting area with access to the balcony, dual vanities, spa like soaking tub with a view, walk-in shower with multiple shower heads & a huge walk-in closet with custom built-ins. This home has several added bonuses such as a 2nd living area w/ a fireplace & coffered ceiling, a large gameroom with balcony access, study with soaring ceilings, wet bar with mini fridge and wine fridge, office area with custom built-ins, an additional flex space & a pool room! The outdoor space is an entertainer’s dream! There are multiple levels of balconies & patios overlooking the sparkling pool, sprawling yard & rolling hill country.

JKB Realty Group 512.532.5005 2 www.JKBRealty.com Our Featured Listings

AVAILABLE

105 SPEARPOINT COVE 5,556 SF | 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!

JKB Realty Group 512.532.5005 3 www.JKBRealty.com Our Featured Listings

COMING SOON

1911 MULLIGAN DR. 3,896 SF | 4 Bed | 3.5 Bath 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.

JKB Realty Group 512.532.5005 4 www.JKBRealty.com Our Featured Listings 11408 BRUCE JENNER LN. PENDING This charming home is situated on a great corner lot backing to the greenbelt and only has a neighbor on one side. The family room features cathedral ceilings & an abundance of natural light. The kitchen boasts tile floors, sleek appliances, island, breakfast area, great cabinet space and pantry. The spacious master suite features vaulted ceilings, double vanity, soaking tub, separate shower & large closet. This home also offers a bonus upstairs gameroom. The backyard includes a covered patio, a big shade tree & a sprawling yard perfect for entertaining your family & friends. Don’t miss out on this one!

603 DAVIS ST., #1707 COMING SOON This luxurious condo is located in the heart of Austin’s trendy Rainey Street District. You are just steps from , 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 . 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!

JKB Realty Group 512.532.5005 5 www.JKBRealty.com AreaStats ...continued from page 1... to live in closer proximity to key activities, demand is created local market experts, Central Texas REALTORS® recognize the for greater density. Without more housing, homebuyers and necessary balance of promoting the greater community benefit developers are forced to look outward; but there are often many of affordability and preserving the character and quality of ways that existing residential neighborhoods can be zoned our communities, but we also believe that this balance can to allow for greater infill. Central Texas, especially Austin, is be achieved in a way that enhances, not deters from our rapidly approaching a critical mass of population growth when neighborhoods.” city leaders may be forced to create imaginative, higher-density Guthrie concluded, “The Austin Board of REALTORS® looks options to accommodate popular demand.” forward to working with the community at large and policymakers “Townhomes, duplexes, mid-rise condos and smaller single- to continue to refine the Land Development Code in a way family homes are all solutions that can increase density that allows for a diverse set of housing types throughout our throughout Austin, but those solutions continue to be largely communities and gives access to affordability all over Austin.” prevented in the proposed zoning changes,” said Guthrie. “As

JKB Realty Group 512.532.5005 6 www.JKBRealty.com Mortgage News & More The Mortgage Cafe WILL LOWER GROWTH A special column from the lending experts at New Penn Financial. LEAD TO LOWER Tera Gilbert, Senior Mortgage Consultant | 512.828.6420 HOUSING ACTIVITY?

Our expectations for meaningful first-quarter economic even. A meaningful pickup in starts might not arise until the growth are low. We’re not alone in our sour sentiment. more distant future. Permits for single-family starts fell 1.1% Many economists -- those at the Atlanta Federal Reserve month over month. Bank, Goldman Sachs, and the International Monetary Of course, one month of data neither makes nor breaks Fund -- also expect little in the way of economic growth. a trend. Starts can be notoriously volatile month to month. Anything above 2% (annualized) for the quarter would be a Still, we’re eager to see starts regain traction. New-home minor miracle. construction, and all the ancillary businesses it supports, is Many segments of the economy have fallen into inertia. vital to sustaining what little economic growth is occurring. Of greater immediate concern, sentiment has turned less With many segments of the economy underperforming, optimistic in the one segment that has continually chugged the one reliable engine -- housing -- needs to keep things ahead for the past five years. moving in the right direction. Housing has led the economy since 2012. Over that time, We’re also eager to see an upshot in corporate earnings home-builder optimism has trended in one direction -- up. -- another indicator of a straightening economy. So far, the The trend took a detour in April. The home-builder sentiment numbers are encouraging. Data provider FactSet reports index posted at 68 for the month. The posting is still that 6% of the companies that compose the S&P 500 have positive, but not as positive as in March. reported first-quarter financial results. Seventy-six percent of It’s understandable that home builder sentiment should slip these companies have beaten the mean earnings-per-share given the recent data on housing starts. estimate; 59% have beaten the mean sales estimate. The first quarter ended with a thud, with starts dropping The economy might be sputtering at the moment, but we’re 6.8% month over month to 1.215 million an annualized still optimistic that we could see it hitting on all cylinders rate (1.5 million is the historical long-term average) in before the year is over. March. This was the weakest posting since November. The For more information on home loans or other low-down-payment loans, drop in starts dropped quarter-over-quarter growth to break please contact Tera Gilbert at [email protected] today.

if so, we‘d love to hear from you.

Bowie High School Dripping Springs ISD $550K Price Range $500K Price Range Pool Preferred 4+ Bedrooms Move-In Ready 0.3+ Acres

Western Oaks Eanes ISD or Bowie HS $500K Price Range $850K Price Range 3+ Bedroom on Main Floor 4+ Bedrooms 2,750SF or more Pool / Room for a Pool

JKB Realty Group 512.532.5005 7 www.JKBRealty.com May 2017 Central Texas Events Calendar Happy Mother’s Day!

* Free event EVENTS AND FESTIVALS May 6, 7 a.m.-4 p.m. May 12-21 *Wimberley Market Days Fashion X Austin May 4 Lions Field, Wimberley Multiple Locations, Austin *First Thursday in DT Austin shopmarketdays.com austin.fashionx.co Avenue, Austin Shop to your heart’s delight at the oldest Austin Fashion Week returns, this year including firstthursdayaustin.com outdoor market in the . an entire showcase dedicated to international talent: Moda X Mexico. Enjoy a fun evening of eclectic food, shopping and people-watching in the heart of Austin. May 6 JMBLYA Music Festival May 13-14 and 20-21 *West Austin Studio Tour May 4, 6-9 p.m. Austin American-Statesman, Austin Multiple Locations, Austin Talk Derby to Me jmblya.com west.bigmedium.org Downtown Georgetown The outdoor venue has on-site food trucks so thegeorgetownsquare.com you don’t have to miss any of the various hip- Galleries and artist studios all over Austin open hop performances. their doors to the public for two weekends of Wear your best outfit for this Kentucky Derby- showcases, celebrations and workshops. themed night of shopping, entertainment and fashion. May 6 iHeartCountry Festival May 19-20 *Old Town Street Festival May 4, 5-9 p.m. , Austin Old Town Leander *First Thursday in DT Buda iheart.com oldtownstreetfestival.com Downtown Buda In addition to the main-stage performances, ci.buda.tx.us there will be an outdoor show at the venue’s Local and regional artists, musicians, wineries plaza that will be free and open to the public. and distilleries gather for this fun-filled event, Browse unique, antique and specialty vendors which includes a kid’s area and a 5K run. while enjoying food from downtown restaurants. May 6-7, 11 a.m. *Pecan Street Festival May 19-21 May 5 Deutschen Pfest *First Friday in DT Georgetown Downtown Austin pecanstreetfestival.org Pfluger Park, Pflugerville Georgetown Square deutschenpfest.com thegeorgetownsquare.com Dedicated to preserving the historic 6th Street, this is one of the largest and longest-running There’s plenty of pfun to be had for all, including Local merchants stay open late and the live arts, crafts and music festivals in the nation. a parade, live music, carnival rides, games and music and festive atmosphere are perfect while many other activities. you shop, eat or take a stroll in the town square. May 6-7, 12 p.m. *Cinco de Mayo Austin May 28, 1-6:30 p.m. May 5-6, 4 p.m.-12 a.m. Red, White and Blues on the Falls Rattler Nation Cinco de Mayo Fest Fiesta Gardens Park, Austin cincodemayoaustin.com Cypress Falls Event Center, Wimberley Toyota Rattler Stadium, San Marcos rwbonthefalls.com toursanmarcos.com Hosted by Fiestas Patrias of Austin and supporting community programs, this event Shop and get some good food from the vendors Benefiting San Marcos CISD, this event features features vendors, live music and dancing. or just relax with some live music while you take student talent, arts and crafts vendors, live a dip in Cypress Creek. music and carnival rides.

JKB Realty Group 512.532.5005 8 www.JKBRealty.com FOOD, ART AND CULTURE May 27, 7 p.m. May 5, 8 p.m. How Did This Get Made? Joe Purdy May 6, 7 p.m. Paramount Theatre, Austin Mohawk, Austin austintheatre.org mohawkaustin.com Popovich Comedy Pet Theatre Paramount Theatre, Austin Enjoy a live performance of the award-winning May 9, 7 p.m. austintheatre.org podcast that examines bad films and tries to make sense of them in hilarious ways. Kings of Leon With Deerhunter Gregory Popovich’s family of trained animals Austin360 Amphitheater, Del Valle includes cats, goats, and a miniature horse. austin360amphitheater.com SPORTS May 10-14 May 12, 8 p.m. Disney on Ice Presents Dream Big May 5-6 Chevelle With HEB Center, Cedar Park Advance Auto Parts Aeges and Silver Snakes hebcenter.com Sportscar Showdown Emo’s, Austin , Austin emosaustin.com ® Follow Disney favorites Rapunzel, Cinderella, circuitoftheamericas.com Belle and others on an adventure filled with May 14, 8:30 p.m. daring, acrobatic skating. GT and prototype cars from various Bonnie Bishop manufacturers, including Lamborghini and Cactus Cafe, Austin Ferrari, will compete in separate challenges. May 12-14 cactuscafe.org Alice (In Wonderland) Hall, Austin May 6, 8:30-11 a.m. May 18, 8 p.m. thelongcenter.org Muddy Miler Family Adventure The B-52s With The Sh-Booms Old Settlers Park, Round Rock ACL Moody Center, Austin Ballet Austin fuses classical ballet with modern roundrocktexas.gov acl-live.com dance in this adaptation of Lewis Carroll’s story. Participants in this obstacle course should be May 19-20, 8 p.m. ready to get completely covered in mud. May 14-15 Austin Symphony Orchestra Chris Rock: Total Blackout Tour Masterworks Season Finale Bass Concert Hall, Austin Schedules of Austin Area Teams The Long Center, Austin texasperformingarts.org thelongcenter.org milb.com The popular comedian has done extensive May 25, 7 p.m. work in television and film, including time as a Texas Stars Saturday Night Live cast member. Clint Black texasstars.com Nutty Brown Cafe, Austin May 19-June 18 UT Longhorns nuttybrown.com Joseph and the Amazing texassports.com May 31, 8 p.m. Technicolor Dreamcoat Jethro Tull by Ian Anderson Georgetown Palace Theatre MUSIC ACL Moody Theater, Austin georgetownpalace.com acl-live.com Based on the Book of Genesis, this uplifting Apr.-Sept., Thursdays at 8 p.m. musical brings to life the story of Joseph, who KGSR Unplugged at the Grove To find more music events, faces trials after being sold into slavery. Shady Grove, Austin visit the following sites: kgsr.com austinchronicle.com/music May 24-27 cactuscafe.org Chris Cubas May 2, 7:30 p.m. continentalclub.com Cap City Comedy Club, Austin Tom Petty and the Heartbreakers emosaustin.com capcitycomedy.com Frank Erwin Center, Austin mohawkaustin.com uterwincenter.com nuttybrown.com Based out of Austin, TX, Chris Cubas was a oneworldtheatre.org finalist on NBC’s “Stand Up NBC” talent search stubbsaustin.com and has appeared in many local festivals. thesaxonpub.com

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Want to know who’s on our speed dial? Our Vendor List Here’s our ‘GO TO’ team!

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Brian D. Esway, CFP® Registered Representative*

Michael Katsus | 512.539.7901 New York Life Insurance Company [email protected] 6200 Bridgepoint Parkway, Suite 300, Austin, TX 78730 Tel. 512.329.4288 Fax 512.329.4258 [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 888.492.7359 [email protected] TERA GILBERT WE CAN SAVE YOU $1,000'S! SENIOR MORTGAGE CONSULTANT NEW LoansByTera.com 512.828.6420

Billysteve Korpi | 512.797.9124 EXPERTS [email protected] CALL US TODAY 512.532.5005

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