jkb realty newsletter november...

JKB Realty Group 512.532.5005 www.JKBRealty.com

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z 2,524 – Single-family homes sold, 10% more than Sept. ‘13.

z $240,000 – Median price for single-family homes, 8% more than Sept. ‘13.

z $308,514 – Average price for single-family homes, 7% more than Sept. ‘13. z44 – Average number of days single-family homes spent on the market, unchanged from Sept. ‘13. z2,586 – New single-family home listings on the market, 4% more than Sept. ‘13. z6,469 – Active single-family home listings on the market, 8% more than Sept. ‘13.

z 2,201 – Pending sales for single-family homes, 11% more than Sept. ‘13.

z 2.8 – Months of inventory* of single-family homes, .1 months more than Sept. ‘13.

z $778,689,336 – Total dollar volume of single-family properties sold, 18% more than Sept. ‘13.

In This Issue...Market Update

JKB Listings Hot SheetTip of the Month

Family FunJKB Listings Hot SheetJKB Featured Listing

Vendor’s ListCalendar of Events

FOR THE AUSTIN AND SURROUNDING AREAS

November 2014JKB Realty Newsletter

According to the September 2014 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area single-family home prices set a record for the month of September. At the same time, Austin-area single-family home sales rebounded from the last 2 months of home sales declines, increasing 10% from September 2013 to 2,524 home sales.

The President of the Austin Board of REALTORS®, explained, “September’s 10% increase in home sales, despite ongoing issues in housing affordability, is a testament to the strong population and job growth that the Austin area and its economy continue to enjoy. However, these records in home prices also show that area homes continue to become more and more unaffordable for Austin homebuyers. ABoR encourages Austinites to take action on Nov. 4 by voting for City Council candidates who will prioritize housing development and affordability issues in 2015.”

Median price for Austin-area single-family homes increased 8% year-over-year to $240,000 and average price rose 7% year-over-year to $308,514 in September 2014. These are the highest figures recorded for both median and average price for the month of September.

At the same time, Austin-area monthly housing inventory slipped back to 2.8 months, despite

a year-over-year increase of .1 months from September 2013. This is still well below the Real Estate Center at Texas A&M University’s balanced housing inventory level of 6.5 months.

While Austin-area homes continue to sell quickly, the average number of days single-family homes spent on the market remained unchanged from September 2013 at 44 days. This is the first time that the average number of days spent on the market remained statistically unchanged year-over-year since September 2011. In September 2014, active listings increased 8% year-over-year to 6,469 listings and new listings rose 4% during the same time frame to 2,586 listings. Continued gains in single-family home listings over the last few months are having a positive effect on pending sales, which jumped 11% year-over-year in September 2014 to 2,201 pending single-family home sales.

ABoR President concluded, “Recent reports from a national real estate advertising company have claimed that the Austin-area housing market is overvalued, but local economic experts continue to point to our region’s strong economic and population growth as foundations of a healthy market and indicators that those claims are not true. The 110 people who the City of Austin says move to Austin every day need homes to live in, and the real issue at hand is whether those people can afford those homes.”

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 $185M+ 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 prices set record for September, home sales rebound in September 2014Austin board of REALTORS® releases real estate statistics for September 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.


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The Listings Hot Sheet

Beautiful, turnkey waterfront condo on Lake Travis!You can’t beat this deal!

Fully furnished & ready for move in, just bring your clothes! The property also includes a private boat dock & lift w/ storage & 2 wave runners! The open family room offers stained concrete floors, wood burning fireplace & recessed lighting.

The kitchen features quartz countertops, stainless steel appliances, island, breakfast bar & an abundance of storage. The master suite includes private access to the balcony, huge walk-in closet & spacious tiled shower.

Relax or entertain on the back covered patio while taking in the gorgeous hill country & lake views. You can even keep warm by the fire on those chilly nights at the community fire pit!

615 Cat Hollow Club Dr. Unit A

AVAILABLE

This gorgeous recently renovated home has great curb appeal & an inviting custom finish out. The fantastic open floorplan has wonderful flow making it easy to entertain family & friends.

The family room includes beautiful hardwood floors, high ceilings & fabulous windows that provide an abundance of natural light. The kitchen features granite countertops, island, stainless steel appliances, built-in oven & separate gas cooktop, incredible storage space, tile backsplash & more!

Conveniently located adjacent to the kitchen is the light & bright dining room. The spacious master suite offers a double vanity, spa-like soaking tub, separate shower with glass surround & a “wow” walk-in closet. The fantastic floorplan also features a gameroom as well as the perfect space for a study or den. The backyard space includes a covered deck and beautiful stone patio with a pergola perfect for relaxing or entertaining in any weather.

1813 Collier St.

UNDER CONTRACT

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.

9201 Brodie Lane, #3003

This charming home is located just minutes from unlimited shopping, dining & entertainment options. The outdoor living space is perfect for entertaining family and friends & includes covered patio, multi-level deck and large trees that provide great shade.

If you live outdoors, this is the house for you! The family room includes soaring ceilings, beautiful hardwood floors, wood burning fireplace & floor to ceiling windows that provide an abundance of natural light.

The hardwood floors continue into the kitchen which features a vaulted ceiling, concrete countertops, stainless steel appliances, tile backsplash & fantastic storage space. The kitchen also flows right into the dining area making it the perfect floorplan for hosting dinner parties. The master suite offers access to a private balcony, double vanity & a spacious walk-in shower with dual shower heads. The 3rd bedroom includes a wall of built-in shelving which also makes it a great room for a study or office.

7301 Beckett Rd.

UNDER CONTRACT

AVAILABLE

Click for Virtual Tour Click for Virtual Tour

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http://www.tourfactory.com/1242535





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10+ Acres with River/Pond/StreamPrefer partially wooded lotWithin 30 min of ABIAOutside of Travis County$200K Max

2 Story in Ranch at Brushy CreekMin 4 Bed/3.5 bath/3-car garageMin 3,500 sq ft$575K Max

New or RemodeledCentral, Downtown or East AustinMin 2 bedroom/2 bathMin 1,500 sq ft$400K Max

Junior League of Austin - A Christmas AffairWhen: Nov. 19 - 23 | Where: Palmer Events Center

A Christmas Affair 2014 is our largest fundraiser of the year. This year’s Christmas in the City holiday market will feature New York with an Austin flair. Help us make it Christmas in our amazing city all year!

www.jlaustin.org

Transform a Yard Into an Outdoor SanctuaryBy REALTOR® Magazine. Information provided by http://realtormag.realtor.org/sales-and-marketing/

Adding life to outdoor spaces will help sell the lifestyle of a home. Here are staging tips to help buyers imagine fun gathering spaces, tranquil hideaways, or sleek entertainment coves that are possible with your listing.

Fold up the lawn chairs, roll away the rusty grill, and hide the tiki torches. Inviting, sophisticated outdoor rooms are in high demand among home buyers, and they serve as a way to extend your listing’s living space.

“Outdoor living spaces have become the new ‘great room’ in terms of must-have items for home owners,” American Institute of Architects Chief Economist Kermit Baker noted in a survey on the growing popularity of these spaces. Renters say it’s even a reason to leap into home ownership. Sixty-three percent of young adult renters aged 18 to 34 say outdoor living spaces and decks are “extremely” or “very important” in deciding which home to buy, according to the PulteGroup Home Index Survey.

Have you stretched your curb appeal beyond well-manicured yards to create outdoor spaces, using your front porch, deck, or even the lawn?

“You can blow the competition out of the water by creating outdoor spaces with a fabulous garden dining area, lounge seating areas with a fire pit, and if you have it, a relaxing hot tub scene,” says stager Lena A. Pereira with Westside Staging Solutions. “Way too often backyards are boring and not brought to their full potential. You can make a home stand out by showing buyers all the potential your property has to offer inside and out.”

Fun, Fun, Fun FestWhen: Nov. 7 - 9 | Where: Auditorium Shores

Now in its ninth year and recognized as one of the most relaxed, creative, and pioneering festivals in music today; Fun Fun Fun Fest is custom booked for the most passionate, underground, and progressive musicians, comedians and fans around the world.

www.funfunfunfest.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.

BUYE

R #1

BUYE

R #2

BUYE

R #3


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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!

This fantastic lot includes an abundance of shade trees & extends well beyond the fence line guaranteeing no one will ever build directly behind you!

The gourmet kitchen features granite countertops, island, breakfast bar, knotty alder cabinets, butler’s pantry, Thermador dual oven, 6 burner gas cooktop with griddle and KitchenAid® stainless appliances including refrigerator, wine fridge and microwave. The inviting master suite offers beautiful Travertine floors, coffered ceiling, plantation shutters, access to the courtyard, double vanity, granite counters, jetted tub, spacious walk-in shower, plus 2 walk-in closets.

All bedrooms are ensuite. There is no carpet throughout the home. This flexible floorplan gives you the option of turning the 4th bedroom into a gameroom. The home also includes a study, a courtyard with fountain to welcome your guests and a lovely morning room to enjoy your coffee & news.

109 Hopewell Circle

AVAILABLE

1.37 Acres

Lot backs directly to Lakecliff’s Arnold Palmer-designed golf course

Level lot for building

Gated golf club community located on Lake Travis

Abundance of mature Live Oak trees with plenty of room to build your dream house

Additional community amenities include a racquet club, tennis courts & clubhouse

2711 Cliff Point (lot)

AVAILABLE

Click for Virtual Tour

Click for Virtual Tour




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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!

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

[email protected]

michellethomasdesign.com512.934.8107

Webster & Co.M O V I N G S E R V I C E S

512.751.0893

[email protected]

888.492.7359 [email protected]

[email protected]

If your home is listed for sale with another broker, this is not intended as a solicitation of business.

HOMECONSTRUCTION

EXPERTSz

DON’T PAY TOO MUCHFOR YOUR NEXT HOME!

CALL US TODAY512.532.5005

zWe can save you

THOUSANDS OF DOLLARSthrough our negotiating

experience with builders!

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!


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EVENTS & FESTIVALSOctober 31 - November 2CoTA Fan FestA FREE three-day celebration of music and motorsports.Downtown, Austinhttp://circuitoftheamericas.com/cotafanfestGracy Title F1 Weekend Guide:http://www.gracytitle.com/e-flyer/8x8/ Formula1/2014_Gracy.html

November 1 (9pm)5th Annual Austin Tequila FestBenefiting Austin Pets Alive! A cultural experience where agave lovers, enthusiasts, novices, and connoisseurs gather to learn, taste, and enjoy many 100% de Agave spirits including tequila, mezcal, and sotol.Casa Chapala, Austinhttp://www.casachapala.com/

November 6First Thursday along South Congress Ave.Food, fun, shopping and people watching.South Congress Avenue, Austinwww.firstthursday.info

November 6 (5pm - 9pm)First Thursday in DT BudaShop unique antique & specialty vendors while enjoying food from DT restaurants.Buda, Texashttp://ci.buda.tx.us

November 7 (5pm - 9pm)First Friday in DT GeorgetownShop unique antique & specialty vendors while enjoying food from DT restaurants.Georgetown, Texashttps://visit.georgetown.org/first-friday-in- downtown/

November 83rd Annual “Punkin Chunkin”Flying Punkins, wine, trebuchet’s & singing cowboy’s w/Doug Moreland.Becker Vineyards, Stonewallhttp://bit.ly/1vghKUp

November 15 (6pm - 9pm)Austin Home Brew FestivalCelebrate Austin’s vibrant homebrewing community and taste unique small batch beers and kombuchas.Getaway Motor Club, Austinhttp://www.ahbfestival.org/

November 29Chuy’s Christmas ParadeA procession of giant balloons, marching bands, vintage cars, celebrities and floats ushering in the season of giving.Congress Avenue, Austinhttp://www.chuysparade.com/

FOOD, ART & CULTURENovember 28 - December 4Blue Genie Art BazaarBrowse thousands of original works ranging from serious art to fun and kitschy items. A great way to buy hassle-free holiday gifts and support local artists.Marchesa Hall & Theatre, Austinhttps://bluegenieartbazaar.com/

November 7 (8pm)Gabriel IglesiasThe “Unity Through Laughter” tour.Frank Erwin Center, Austinhttp://www.uterwincenter.com/events/2014/ gabriel-iglesias

November 11 - 16Dirty DancingThe classic story on stage! A record-breaking live theatre sensation, exploding with heartpounding music, passionate romance and sensational dancing.Bass Concert Hall, Austinhttp://texasperformingarts.org/events

November 15 - 16East Austin Studio TourA celebration of Austin’s Eastside arts culture. With 100+ studios to visits and a wide range of art installments and mediums, this is one of Austin’s most eclectic and locally-focused events of the year.Various Locations, Austinhttp://east.bigmedium.org/

November 16 (7pm)Lewis BlackThe “The Rant Is Due” tour.The Paramount Theatre, Austinhttp://bit.ly/1nQ8l8D

November 20 (7:30pm & 10pm)Nick SwardsonThe “Taste It” tour. A Live Comedy Central TapingThe Paramount Theatre, Austinhttp://bit.ly/1thqiO0

November 21 (8pm)Amy SchumerThe perfect blend of wholesome, girl-next-door looks and edgy comedy.Bass Concert Hall, Austinhttp://bit.ly/1rA8cRY

November 21 - December 6FAME - The MusicalBased on the Academy Award-winning film and hit television series, Fame The Musical is the unforgettable journey of a group of dedicated students with stars in their eyes.Bass Concert Hall, Austinhttp://bit.ly/102Lvza

novemberCalendar of Events


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novemberCalendar of EventsFOOD, ART & CULTURE (continued)

November 19 - December 21Austin Grafitti Art: Celebratin Austin’s Street Art ExhibitionSouth Austin Popular Culture Center, Austinhttp://www.southpop.org/

November 23 (2 - 4:30pm)School House Rock LiveA pop culture phenomenon returns to the musical stage! Academic subjects will never seem boring again when presented through megahits like “Conjunction Junction,”“Just a Bill,” “Interplanet Janet”or“Three is a Magic Number.”The Paramount Theatre, Austinhttp://bit.ly/1E2lVto

November 28 - 30Elf: The MusicalThe hilarious tale of Buddy, a young orphan child who mistakenly crawls into Santa’s bag of gifts and is transported back to the North Pole.The Long Center, Austinhttp://thelongcenter.org/event/elf/

SPORTSOctober 31 - November 2Formula 1 United States Grand PrixCircuit of The Americas, Austinwww.circuitoftheamericas.com

November 15 (9am)Amazing Scavenger Hunt AdventureThe ultimate combination of Outdoor Adventure with Mobile Technology. Through the use of a Smart Phone, players access the Web-based software and begin their Quest through Austin. There is no software to download or complicated process to figure out.State Archives Library Building, Austinhttp://www.urbanadventurequest.com/

November 16 (9am)Susan G. Komen Race for the CureDowntown, Austinhttp://bit.ly/1wLPrms

November 22UFC Fight Night: EDGAR vs. SWANSONFirst Bout: 6pm | TV Preliminary Bouts: 7pm | TV Main Card: 9pmFrank Erwin Center, Austinhttp://www.ufc.com/event/ufc-fight-night-austin

Texas Longhorns Calendarwww.texassports.com/calendar/events

Calendar of Running Eventshttp://bit.ly/1u80fuK

Calendar of Cycling Eventshttp://bit.ly/10yYNEP

MUSICNovember 1 (7pm)Gogol BordelloStubbs, Austinhttp://stubbsaustin.com/gogol-bordello

November 1 (7pm)Bone Thugs-N-HarmonyMohawk, Austinhttp://bit.ly/1wFtPVt

November 1 (7pm)The Psychedelic Furs and The LemonheadsEmo’s, Austinhttp://bit.ly/1p2djjx

November 1 (9pm)Duran DuranPresented by ACL Live as part of Circuit of the Americas’ Fan Fest.ACL Live at The Moody Theater, Austinhttp://acl-live.com/

November 11 (7:30pm)Cher“Dressed to Kill” tour with special guest Pat Benatar and Neil Giraldo.Frank Erwin Center, Austinhttp://www.uterwincenter.com/events/2014/cher

November 13 (9pm)Cory Morrow & The Dirty River BoysMoody Theatre, Austinhttp://acl-live.com/calendar/help-clifford-help- kids-2014

November 15 (7pm)GalacticStubbs Outdoor, Austinhttp://stubbsaustin.com/galactic

November 15 (8pm)Primus & The Chocolate FactoryACL Moody Theatre, Austinhttp://acl-live.com/calendar/primus

November 18 (7:30pm)SlayerSpecial guests Suicidal Tendencies and ExodusACL Moody Theatre, Austinhttp://acl-live.com/calendar/slayer

Search and find more music events at:• www.austinlivemusic.com• www.red7austin.com• http://mohawkaustin.com• www.nuttybrown.com • www.antonesnightclub.com• www.continentalclub.com

jkb realty newsletter november...

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