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 HQWHUWDLQHUȇVGUHDP7KHKRPHR΍HUVDQDEXQGDQFHRIQDWXUDO 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 SRQGDQGR΍HUVEUHDWKWDNLQJVXQVHWYLHZV7KHKRPHIHDWXUHV multiple living areas, gourmet kitchen, stained & scored FRQFUHWHȵRRUVDQGDQDEXQGDQFHRIQDWXUDOOLJKWWKURXJKRXW 7KH IDQWDVWLF RSHQ ȵRRUSODQ FUHDWHV JUHDW ȵRZ DQG LV DQ HQWHUWDLQHUȇVGUHDP7KHIDPLO\URRPR΍HUVFDWKHGUDOFHLOLQJV 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\URRPR΍HUVKLJKFHLOLQJVDQDEXQGDQFHRI 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<RXZLOODOVRȴQGDOLJKW EULJKWȵH[VSDFHZKHUH\RXKDYHWKHRSWLRQRIDWK EHGURRPRɝFHRUJDPHURRP The fantastic backyard is complete with wood privacy fence & a large covered patio that features 2 ceiling fans to keep you cool during those hot Texas summers! 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\DOVRR΍HUVDIHZDGGHGERQXVHVVXFK 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 HQWHUWDLQHUȇVGUHDP7KHKRPHR΍HUVDQDEXQGDQFHRIQDWXUDO 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