1 JKB Realty Group 512.532.5005 www.JKBRealty.com March 2015 Statistics 8 2,440 – Single-family homes sold, 13% more than March 2014. 8 $334,758 – Average price for single-family homes, 13% more than March 2014. 8 55 – Average number of days single-family homes spent on the market, 4 days more than March 2014. 8 5,274 – Active single-family home listings on the market, 6% more than March 2014. 8 2,812 – Pending sales for single- family homes, 5% more than March 2014. 8 2.2 – Months of inventory of single-family homes, statistically unchanged from March 2014. 8 $816,809,520 – Total dollar volume of single-family properties sold, 28% more than March 2014. FOR THE AUSTIN AND SURROUNDING AREAS May 2015 JKB Realty Newsletter Austin-area single-family home prices hit an all-time high, while single-family home sales volume set a record for the month of March according to the March 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®. The 2015 President of the Austin Board of REALTORS®, explained, “The Austin- area housing market is the least affordable it has ever been. Solving Austin’s affordability issues is not only dependent upon generating new, affordably- priced housing stock, but also preserving and maintaining Austin’s existing housing stock. The recent Zucker Report is yet another indicator that Austin’s city leadership needs to take significant steps to ensure that all of Austin’s residents live in safe, code-compliant homes and are able to quickly and easily make improvements to those homes.” The ABoR President concluded, “It’s encouraging to see how seriously Austin’s City Council is taking the findings of the Zucker Report. Now that Mayor Adler and Austin’s new City Council members are past their first 100 days in office, the Austin Board of REALTORS® expects quick and decisive action on policies that will put a stop to Austin’s growing housing affordability issues. We’re looking forward to working with city leaders on finding these solutions.” Austin-area home prices reach all-time high, home sales set record for March 2015 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. AUSTIN AREA MARCH 2015 HOUSING STATISTICS HOMES SOLD 2,440 13% MEDIAN HOME PRICE $255,000 10% 55 AVERAGE DAYS ON MARKET 4 DAYS 5,274 From the Office of Jessica Bruehl RATED ONE OF AUSTIN’S 25 TOP REALTORS $200M+ SALES 700+ CLOSINGS 14+ YRS EXPERIENCE
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JKB Realty Group 512.532.5005 www.JKBRealty.com
March 2015 Statistics
8 2,440 – Single-family homes sold, 13% more than March 2014.
8 $334,758 – Average price for single-family homes, 13% more than March 2014.
8 55 – Average number of days single-family homes spent on the market, 4 days more than March 2014.
8 5,274 – Active single-family home listings on the market, 6% more than March 2014.
8 2,812 – Pending sales for single-family homes, 5% more than March 2014.
8 2.2 – Months of inventory of single-family homes, statistically unchanged from March 2014.
8 $816,809,520 – Total dollar volume of single-family properties sold, 28% more than March 2014.
FOR THE AUSTIN AND SURROUNDING AREAS
May 2015JKB Realty Newsletter
Austin-area single-family home prices hit an all-time high, while single-family home sales volume set a record for the month of March according to the March 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®.
The 2015 President of the Austin Board of REALTORS®, explained, “The Austin-area housing market is the least affordable it has ever been. Solving Austin’s affordability issues is not only dependent upon generating new, affordably-priced housing stock, but also preserving and maintaining Austin’s existing housing stock. The recent Zucker Report is yet another indicator that Austin’s city leadership needs to take significant steps to ensure that all of Austin’s residents live in safe, code-compliant homes and are able to quickly and easily make improvements to those homes.”
The ABoR President concluded, “It’s encouraging to see how seriously Austin’s City Council is taking the findings of the Zucker Report. Now that Mayor Adler and Austin’s new City Council members are past their first 100 days in office, the Austin Board of REALTORS® expects quick and decisive action on policies that will put a stop to Austin’s growing housing affordability issues. We’re looking forward to working with city leaders on finding these solutions.”
Austin-area home prices reach all-time high, home sales set record for March 2015
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.
Data is for single-family homes. Percent change reflects a year-over-year comparison between 2014 and 2015. For a detailed report, please visit Abor.com/statsmar15. #MLSreport
AUSTIN AREAMARCH 2015 HOUSING STATISTICS
HOMES SOLD2,440
13%
MEDIAN HOME PRICE$255,000
10%
55AVERAGE DAYS ON
MARKET4 DAYS
2014
2015
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
NEW LISTINGS ACTIVE LISTINGS
3,402 6%
PENDING SALES
5,274 6%
2,812 5%
UNCHANGED
2.2 MONTHSINVENTORY OF
SINGLE-FAMILY HOMES
From the Office ofJessica Bruehl
R 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 $200M+ SALES 700+ CLOSINGS 14+ YRS EXPERIENCE
This luxurious estate is situated on a large .49 acre lot and features multiple living areas, gourmet kitchen & spectacular outdoor entertaining areas. The fabulous kitchen is open to the main living area & boasts a large center island, granite countertops & stainless steel appliances that include a built-in oven, 5 burner gas cooktop, convection oven, ice maker, butler’s pantry & more!
Feel at home in a master suite complete with vaulted ceilings, decorative fireplace, granite counters & travertine floors, 2 vanities, an abundance of counter & storage space, spa-like jetted tub, separate walk-in shower with 3 shower heads & walk-in closet.
This impressive property also offers custom designed office nook, mud room, banquet seating in the kitchen, wine bar and over $25K in window treatments throughout.
You can relax year round with the fantastic outdoor living space which includes a spacious covered patio, fireplace, built-in kitchen with fridge, grill & sink, as well as a sparkling pool.
COUNTRY CLUB LIVING AT IT’S BEST Click for Property Details
If you have good credit and a steady income but not much in your savings account, you may want to look into the low-down-payment mortgage options that recently became available. After the 2008 mortgage crisis, down payments rose as lenders became more cautious about who they offered credit to, but now that the economy seems to be making a recovery, the prevalence of low-down-payment loan options is doing the same.
Fannie Mae and Freddie Mac have both recently introduced programs allowing first-time and low-income homebuyers, along with those refinancing their homes, to access loans with down payments of only three percent (3%). Previously, the lowest down payment these lenders offered was five percent (5%). The Fannie Mae program has already been in effect since December, and the Freddie Mac Program, which is targeted at low-income homebuyers in particular, will go into effect in March.
These loan options will be particularly helpful for millennials who have the income to make mortgage payments, but not the amount of savings necessary for a large down payment.
The reintroduction of these loans has been controversial, as some industry experts believe that low down payments contributed to the 2008 crisis, but these loans have much higher screening standards for prospective homebuyers than they have in the past. For example, buyers must provide thorough documentation of their finances and ability to repay the loan; on some programs the minimum credit score is 620; and applicants are required to participate in homeownership and financial education courses before accessing the loan.
For more information on how to get an FHA loan or about the other low-down-payment loans we offer, browse our website or contact Tera at Loans by Tera today.
The Mortgage CafeA special column from the lending experts at New Penn Financial.
This gorgeous home is a rare find with a .292 acre lot & 2 bedrooms downstairs. The open floor plan creates an easy flow that is perfect for entertaining family & friends. The family room offers an abundance of natural light, beautiful tile flooring & a gas fireplace. The kitchen is open to the family room and features granite countertops, stainless steel appliances that include a built-in oven & gas cooktop, pantry, breakfast area & fantastic storage space.
The spacious master suite includes a double vanity, jetted tub, separate shower & walk-in closet. You will also find a light & bright study on the main level & a huge gameroom upstairs. All bathrooms feature granite countertops and ample storage. The fantastic backyard is complete with wood privacy fence, several mature trees & a covered patio that features 2 ceiling fans for those hot Texas summers!
PREVIOUS MODEL W/ SMART FINISHES TO MAXIMIZE LIGHT, STORAGE & STYLE!
Tucked away behind Restaurant Row & a City of Austin park giving access to the Lady Bird Lake Hike & Bike Trail, this home has everything you’ve ever wanted & more! Gorgeous hardwoods, upgraded lighting, customized solar blinds, an abundance of natural light & endless community amenities will make you the envy of all your friends. The fabulous kitchen features granite countertops, island, Bosch stainless steel appliances & great storage space. The master suite is complete with granite counters, tile flooring, sleek fixtures & a large walk-in closet with custom shelving. This unit also boasts an additional storage closet on the balcony and a storage locker in the garage! Come live the Austin lifestyle with the convenience of a condo and the amenities of a luxury resort!
206 Broken Arrow
1600 Barton Springs Rd #1108
Charming, barely lived in home with great curb appeal and spacious floor plan with plenty of space to relax or entertain. The open family room includes high ceilings, tile flooring, wood burning fireplace & large windows that provide an abundance of natural light.
The kitchen features granite countertops, island, stainless steel appliances, gas cooktop, custom backsplash, breakfast bar, pantry & great storage space. The roomy master suite is complete with a lovely bay window, double vanity with fantastic storage, soaking tub, separate shower & a walk-in closet.
The home also boasts a huge gameroom as well as a light and bright media room that could also be used as a 5th bedroom. The formal dining room has tile flooring and would make a fantastic office if you don’t need the additional dining area. The large backyard offers a great space to entertain family and friends or just to unwind after a long day.
218 Bellagio Dr.
AVAILABLE NOW
Click for Property Details
Click for Property DetailsClick for Property Details
This is a terrific 1.37 acre golf course lot in a gated community on Lake Travis.
With an abundance of mature Live Oak trees and a level lot, allowing for easy construction of your dream home! It backs directly to Lakecliff's
Arnold Palmer-designed golf course.
Some other top-notch community amenities include: tennis courts, racquet club and clubhouse.
Lifetime Capital of Texas TriathlonWHEN: MAY 25 | WHERE: LADY BIRD LAKE, DOWNTOWN AUSTIN
Lifetime Capital of Texas Triathlon attracts all levels of athletes from top
ranked professionals to first-time triathletes. The event includes the USA
Paratriathlon National Championship, sprint and international distances,
First Tri distance and sprint and international distance relays.
Life Time Tri CapTex was founded in 1991 and has
become one of the most popular multi-sport races in
the country. The “Premier Texas Triathlon” is now part
of the Life Time Triathlon Series and fills the streets of
Austin on Memorial Day, selling out with 3,000 participants. Life Time
Tri CapTex attracts all levels of athletes from top ranked professionals to
first-time triathletes.
Kerrville Folk FestivalWHEN: MAY 21 - June 7 | WHERE: KERRVILLE, TEXAS
There’s a little something for everyone at the Kerrville Folk Festival. Since
1972, the festival has housed 18 days and nights of music in Kerrville,
Texas. Not only does the event include the best of Texas folk, bluegrass,
blues, funk, soul, country and more, but the days are packed with activity
as well.
Music highlights for this year’s festival
include MilkDrive on Thursday, May 21;
Elizabeth McQueen on Friday, May 22;
Emmylou Harris and Rodney Crowell on
Saturday, May 23; Soul Track Mind on Saturday, June 6; and Ruthie Foster
on Sunday, June 7. Bring a tent, a guitar or even your RV, and let the
Kerrville Folk Festival take you away from the stress and monotony of
every day life.
A living room likely isn’t topping many home shoppers’ must-have list these days. In fact, some architects say the formal living room – that upscale
room welcoming guests at the front of a home – is becoming extinct.
Call it a casualty of the Great Recession, when home buyers started to get choosier when it came down to the bare essentials to a home. The formal living room started to lose favor to other preferences, like a home office or larger kitchen. After all, why have a room devoted to fancy chairs and sofas that rarely gets used?
As such, some buyers are walking through older homes today, questioning what to do with that formal living room space. There are plenty of ways to get your buyers to re-imagine those spaces.
REIMAGINE THE FORMAL LIVING ROOM
KNOW OF A HOME FOR OUR BUYERS? IF SO, WE ‘D LOVE TO HEAR FROM YOU.
Area: SW AustinMin 2 bedroom, 1.5 bath
1,500+ SF$250K MaxBU
YER
#1 Area: Lakeway, Cedar Park, Round RockMin 4 bedroom, 3 bath
2,700+ SF$500K MaxBU
YER
#2 Area: Central Austin or EanesMin 3+ bedroom, 2+ bath
EVENTS & FESTIVALS9-10 AUSTIN HOLISTIC HEALTH AND WELLNESS FAIR
Meet and interact with a variety of holistic health professionals and products.The Marchesa Hall & Theatre, Austin
10 HAPPY MOTHER’S DAY!16-17 MINI MAKER FAIRE
Celebrate the DIY mind-set! Arts and crafts, science and engineering, food and music, fire and water but what makes this event special is that all these interesting projects and smart, creative people belong together.Palmer Event Center, Austin
7-10 DISNEY ON ICE PRESENTS LET’S CELEBRATE!Cedar Park Center
8-9 KEVIN NEALONCap City Comedy Club, Austin
13-16 STEVE RANNAZZISICap City Comedy Club, Austin
29-30 BALLET UNDER THE STARSZilker Hillside Theater, Austin
SPORTS9 MARCH OF DIMES AUSTIN RUN FOR BABIES 5K
Old Settlers Park, Round Rock16 THE COLOR RUN
Travis County Expo Center17 IM OK 5K
Help raise awareness about epilepsy – a commonly misunderstood condition. 100% of the proceeds will benefit the programs & services of the Epilepsy Foundation Central & South Texas.Lakeview Pavilion at Old Settler’s Park, Round Rock
22-23 AUSTIN GUN SHOWCedar Park Center
25 LIFE TIME TRI CAPTEXDowntown Austin
Texas Longhorns Sports Event Calendar
Calendar of Running Events
Calendar of Cycling Events
MUSIC6 ED SHEERAN
Frank Irwin Center, Austin6 BOB DYLAN
Bass Concert Hall, Austin12 HOWIE DAY WITH OLIVIA MILLERSCHIN
Stubbs Inside Theatre, Austin13 Dave Matthews Band
Austin 360 Amphitheater, Austin13 CHRIS BOTTI
Paramount Theatre14 THEY MIGHT BE GIANTS
Stubbs Outdoor Theatre, Austin14 JUDAS PRIEST: REDEEMER OF SOULS TOUR 2015
Cedar Park Center15 PINK MARTINI
ACL Moody Theatre, Austin16 BLUE OCTOBER
Stubbs Outdoor Theatre, Austin16 Rush: R40 Live Tour 2015
Austin 360 Amphitheater, Austin19 THE EAGLES - HISTORY OF THE EAGLES TOUR
Frank Irwin Center Austin21 KLBJ PRESENTS: SLASH FEATURING MYLES KENNEDY
AND THE CONSPIRATORSStubbs Outdoor Theatre, Austin
21 KENNY CHESNEY – THE BIG REVIVAL TOUR WITH SPECIAL GUEST JAKE OWEN AND CHASE RICEAustin 360 Amphitheater, Austin
SEARCH AND FIND MORE MUSIC EVENTS AT:Austin Live MusicRed7 AustinMohawk Austin
MOVE UP PROGRAM: Qualify for a discount by letting us sell your current home while helping you locate your new home. You could save thousands! 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.
