Austin Real Estate Update & Newsletter | April 2017




I hope this newsletter finds you well.


This edition includes my latest Featured Listing, market updates about both BartonPlace and Spring Condominium, as well as Austin news and events - enjoy!


Featured Listing

Coming Soon to MLS - Stunning Luxury-Contemporary Residence 
#4301: 3 Bedrooms, 2 Full Baths - $1,095,000
Light and bright corner contemporary condo, extensively remodeled with no detail forgotten - this one has it all! Gorgeous 5" Brazilian pecan wood flooring throughout. Custom entry lacquered "floating wall" to create a foyer and display larger art pieces. Crisp, white kitchen showcases beautiful Dekton counters, unique stainless steel appliance garage, built-in appliances including 55-bottle wine refrigerator. Two luxurious baths, fully remodeled. Two balconies overlooking courtyard and pecan tree. High-end custom built-ins throughout, including entertainment center, dining buffets, guest room desk and office system, and extensive closet systems. Motorized curtains and shades. Incredibly rare, 55 SF storage unit in hallway and premium parking just across from the elevator. Too many upgrades to list! Welcome home to live where Austin plays!
View Virtual Tour |

Popular 3E Floor Plan - 1,686 SF
Contact me for more information or to schedule a private showing - l et's talk soon!

Audra Smith 
(512) 247-8788   
BartonPlace Market Update |
Live the best of both worlds at BartonPlace!
Live the best of both worlds at BartonPlace - see below for current availability:

One Bedroom:

Two Bedrooms:

For more information, or to schedule a personal tour, please contact:

(512) 247-8788   
Spring Market Update  |


Live in the middle of it all, above it all at Spring - see below for current availability: 

Two Bedrooms:

For more information, or to schedule a personal tour, please contact:
(512) 247-8788  
ABOR Market Update: Home sales growth slows across Austin-Round Rock MSA, declines in local markets in February 2017

AUSTIN, Texas - March 16, 2017 - The February 2017 Central Texas Housing Market Report released today by the  Austin Board of REALTORS® showed a slowdown in single-family home sales growth throughout the Austin-Round Rock Metropolitan Statistical Area (MSA) in February 2017, indicating that the Central Texas housing market is beginning to normalize to more stable market conditions.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, "The Central Texas housing market is just now beginning to catch up to itself after years of unprecedented sales growth. It's important to remember that current figures are being compared to very strong housing market activity in 2016, so a decline in home sales growth does not automatically mean that the market is softening."

Mark Sprague, State Director of Information Capital for Independence Title, agreed: "Low inventory levels, high home prices and slowing job growth across the region are preventing a resurgence of the record-breaking numbers experienced the last two years, but overall the region's housing market remains very strong. The Central Texas housing market is normalizing into a more stable market."

Single-family home sales in the Austin-Round Rock MSA were essentially flat in February 2017, increasing 0.9 percent year-over-year to 1,829 home sales. Single-family home sales declined from February 2016 in many cities surrounding Austin, with the exceptions of Buda (up 30 percent year-over-year to 26 home sales), Cedar Park (up 20.7 percent year-over-year to 70 home sales), Leander (up 8.8 percent year-over-year to 62 home sales) and Austin (up 6.4 percent year-over-year to 617 home sales).

"Home sales growth in the city of Austin is currently being driven by the sales of single-family homes priced $750,000 and higher, particularly within the luxury housing market," added Guthrie.

The median price for single-family homes in the five-county MSA rose 6.5 percent to $287,000 in February 2017. During the same time frame, the monthly housing inventory for single-family homes in the Austin-Rock MSA increased 0.1 months to 2.1 months.

"The Federal Reserve's decision to raise U.S. interest rates yesterday could dissuade some local homeowners from listing their homes on the market, or potential homeowners from buying a home," commented Sprague. "Even with this increase, however, there's still no better time to buy than now. Interest rates are likely only to increase over the next few years. Central Texans will not be able to buy a home for as low of a price and as low of an interest rate as they can today."

Guthrie concluded: "Whether you're planning to buy or sell a home, the Central Texas housing market is complex and moves quickly. Working with a Central Texas REALTOR® in advance will give you the expert local market knowledge you need to be fully prepared to make an offer on or sell your home."
30th Annual Old Settler's Music Festival - April 20-23
Central Texas' signature music event featuring Grammy-winning Americana, arts and crafts, camping, food and libations. Acoustic jazz, blues and bluegrass are all performed by old-time local favorites and award-winning artists from around the world. 

Cap 10K - April 23

Texas' largest 10K race and one of the nation's top runs draws some 18,000 serious and not-so-serious runners. 

When the Cap10K was off to the races in 1978, it had 3,400 participants. Looking forward to the 40th, the local race has not only grown to become the largest 10K in Texas, but also the seventh largest in the nation. In 2016, more than 20,500 registered for the annual Austin tradition.

Local Food + Drink News

Austin Food + Wine Festival 

Pamper your palate in one of the hippest cities in the country at the Austin Food + Wine Festival. Join top chef talent, sommeliers and winemakers from across the nation and Austin's own acclaimed gourmet scene for an indulgent, three-day epicurean adventure unlike any other, topped off with live musical performances. 

I look forward to staying in close contact with you.  Please remember to visit my website  to see all of my current listings, past sales history and client testimonials
If you know someone else who would benefit from my monthly newsletter, please feel free to forward on and encourage subscription!



    Like us on Facebook  View our profile on LinkedIn View on Instagram