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JKB Realty Group 512.532.5005 www.JKBRealty.com1

JUNE 2016

C O N S I S T E N T LY R AT E D O N E O F A U S T I N ' S T O P R E A LT O R S | $240M+ SALES | 750+ CLOSINGS | ESTABLISHED 2003

JKB Realty NewsServing the Austin and surrounding communities

CherieStacy Amanda Jessica Michael

Single-family home sales increased in the Austin-Round Rock Metropolitan Statistical Area (MSA) in April 2016, highlighting growing urban sprawl as rising housing costs exacerbate affordability challenges, according to the April 2016 Central Texas Housing Market Report released by the Austin Board of REALTORS®.

“Much of Central Texas’ home sales activity is now taking place outside of Austin’s city limits, with housing demand driving growth in surrounding counties,” said Aaron Farmer, 2016 President of the Austin Board of REALTORS ®. “The City of Austin’s housing market is drastically different than surrounding areas. In Austin, home sales growth is suppressed, inventory is more constrained and home prices are much higher.”

"Hays County is one of Austin’s few surrounding areas with entry-level homes priced less than $200,000, a price point with high demand,”

said Mark Sprague, State Director of Information Capital for Independence Title. “In Williamson County, demand is highest for homes priced between $200,000 and $400,000, but there is not sufficient housing stock to meet demand, particularly in Round Rock and Pflugerville.”

“Housing affordability includes not only a home’s sale price, but the homeowner’s ability to continue to afford the home as property values rise from year to year,” concluded Farmer. “The Austin Board of REALTORS® encourages homeowners to learn how their home is being appraised and all property tax exemptions they might qualify for. A Central Texas REALTOR® can help homeowners contest their assessment by identifying comparable properties and gathering the necessary background information to formulate an appeal.”

Rising home sales throughout Central Texas highlight growing urban sprawl, Austin affordability challenges

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.


109 Dovetail Lane3,808 Sq. Ft. | 4 Bed | 3.5 Bath | 2 Living

2 Dining | 3 Car GarageThis wonderful custom built estate is located on almost half an acre backing to the golf course. The home features multiple living areas, gourmet kitchen, custom built-ins & spectacular outdoor entertaining area.

The fantastic open floorplan creates great flow and is an entertainer’s dream. The home offers an abundance of natural light and high-end custom design features throughout.

The kitchen boasts granite counters, a huge multi-level island with storage, stainless steel appliances including a Viking 6 burner gas cooktop, built-in microwave & double ovens as well as a spacious butler’s pantry with a sink & wine fridge.

Feel at home in a master suite complete with private access to the backyard, American Cherry wood floors, plantation shutters, 2 vanities, soaking tub, walk-in shower, fantastic storage & 2 huge walk-in closets with custom built-ins.

AVAILABLE

This charming home offers great curb appeal,

open floorplan and an abundance of natural light

throughout. The family room includes high ceilings

and a wood burning fireplace. The kitchen is open

to the family room and boasts sleek appliances

including a gas cooktop, island, breakfast bar, pantry,

great storage space & a breakfast area with access to

the backyard.

The spacious master suite offers high ceilings, walk-in

closet, double vanity, soaking tub & separate shower.

The 4th bedroom in this home would also make a

perfect study or playroom. The backyard features an

open deck, fantastic shade trees & a sprawling yard

perfect for entertaining your family & friends!

15856 Garrison Circle

Our Featured Listings

AVAILABLE

This home also offers flexibility of his & hers studies or 4th bedroom w/study or attached sitting room.

The sensational outdoor living space features a large covered patio with a built-in grill & fireplace, huge trees, tons of yard space and great privacy from the golf course. Your friends and family will never want to leave!



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.

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!

AVAILABLE


KNOW OF A HOME FOR OUR BUYERS? IF SO, WE ‘D LOVE TO HEAR FROM YOU.

Eanes ISD$900,000 or less

Pool preferred but not requiredSmaller than 3,500 square feet

BUYER #1

3+ bedroomsEast side as close to downtown as possible

$350,000 or lessFixer upper ok, but must be livable now

BUYER #3

78704$700,000 or less

Character and charmIf condo, no shared walls

BUYER #2

$400,000 and underBauerle Ranch

Backing to green beltPool or room for a pool

BUYER #4

Things are shaping up nicely as we head into summer.

Sales of existing homes once again ratcheted a notch higher. For April, sales rose 1.7% to 5.45 million units on an annualized rate. The sales trend shows that monthly sales are occurring at the highs that were posted last fall.

We’re seeing more sales, but we’re not seeing more discounting. To the contrary, the median price of an existing home rose 5% to $232,500 for April. Year over year, the median price is up 6.3%. The fact that we are seeing more sales while prices hold firm bodes well for sales as we head into summer.

As for new-home sale numbers, our initial response was ‘WOW.’ April new-home sales posted at 619,000 units on an annualized rate. That’s a 16.6% monthly increase – the highest monthly increase in 24 years. April’s numbers blew out all other monthly numbers since the housing recovery took hold a few years ago.

This latest round of housing and lending data support a contention that we’ve had all along.

Entering January, we predicted that 2016 could be the strongest year for home sales and lending that we’ve seen in over decade. Our prediction is looking more likely to come to fruition.

A JULY RATE HIKE?

You may have noticed that mortgage rates have moved higher over the past week. Depending on the lending product, you may have seen a five-to-10 basis point increase in the rate quoted this week compared to the rate quoted the prior week.

What's going on?

It appears that talk of raising interest rates has been amplified. The last Fed meeting showed a strong bias among the 17 participants for a June hike (June 15 is the next meeting) in the federal funds rate if the conditions warrant it. A few of the participants were even ready to raise the federal funds rate last month.

We don’t see a rate hike occurring as quickly as June. However, traders in federal funds rate futures contracts are pricing a 61% chance a hike will occur in July if it doesn’t occur in June.

HOUSING: THE NEW GROWTH MARKET

The Mortgage CafeThe Mortgage CafeA special column from the lending experts at New Penn Financial.

Tera Gilbert, Senior Mortgage Consultant | 512.828.6420

For more information on home loans or other low-down-payment loans, please contact Tera Gilbert at [email protected] today.

Mortgage News & More


8 2,600 – Single-family homes sold, 5% more than April '15.

8 $288,188 – Average price for single-family homes, 7% more than April '15.

8 47 – Average number of days single-family homes spent on the market, unchanged compared to April '15.

8 5,553 – Active single-family home listings on the market, 9% more than April '15.

8 3,072 – Pending sales for single-family homes, 13% more than April '15.

8 2.3 – Months of inventory of single-family homes, .1 month more than April '15.

8 $910.9 Million – Total dollar volume of single-family properties sold, 9% more than April 2015.

AUSTIN MLS AREAAPRIL 2016 HOUSING STATISTICS

AVERAGE HOME PRICE$288,1987%

HOMES SOLD2,6005%

AVERAGE DAYS ONMARKET

No Change

47

APRIL 2016 STATISTICSAPRIL 2016 STATISTICS

AreaStats

Interest Rates are Low, Sales Prices are Up!NOW IS THE TIME TO SELL!


6801 Beckett Rd. #127LCOMING SOON

This charming home offers great curb appeal, an open floorplan, media room and an abundance of natural light throughout. The family room includes vaulted ceilings, laminate wood floors, wood burning fireplace & a wall of windows with plantation shutters overlooking the backyard. The kitchen boasts stainless steel appliances including a gas stove, breakfast area, pantry & great storage space.

The spacious master suite includes vaulted ceilings, laminate wood floors, double vanity, walk-in shower & tons of storage space. The media room is complete with black out curtains, 4 media chairs & TV w/ Bose surround sound that will convey. The media room could also easily be converted back to a 4th bedroom. The sprawling backyard features a covered patio with a ceiling fan, wood privacy fence & plenty of space to entertain your family and friends.

2802 Gettysburg Dr.AVAILABLE


This charming condo offers a pottery barn feel and

an abundance of natural light throughout. The family

room includes vaulted ceilings, crown molding,

ceramic tile floors & access to the backyard. The

kitchen is open to the family room and boasts granite

countertops, sleek appliances including a gas stove,

breakfast bar, pantry & great storage space.

The master suite includes beautiful hardwood floors,

spacious vanity & sleek fixtures. The second bedroom

also features hardwood floors and would also make

the perfect office space. The backyard area could

easily be fenced in for added privacy. Entertain your

family and friends in your backyard or keep cool by

the community pool!


ROOFING & CONSTRUCTIONFree Estimates

Local: 512.626.5294Toll Free: 877.864.9037

Tom McAnnProfessional Inspector #5418

[email protected]

Jennifer Uxer, DO, FACOG12201 Renfert Way, Ste. 325

Austin, Texas 78758512.83(OBJEN)

www.capobgyn.com

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

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

LAKEWAY • AUSTIN • BASTROP • CEDAR PARK • GEORGETOWN

For the BEST in Title and Closing Services,trust Trinity Title

512.236.6925www.trinitytitletx.com

M O V I N G S E R V I C E S

512.751.0893

[email protected]

Page Gandy512.524.5408

[email protected]

PHOTOGRAPHERjnoelphotography.com

J.Noel

Vendors provide sponsorships, door-prizes & a wealth of valuable services to our clients.Please mention JKB Realty when scheduling your appointment.

Brian D. Esway, CFP®Registered Representative*

New York Life Insurance Company6200 Bridgepoint Parkway, Suite 300, Austin, TX 78730

Tel. 512.329.4288 Fax [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

Each office is independently owned and operated.

TERA GILBERT

SENIOR MORTGAGE CONSULTANT

LoansByTera.com512.828.6420

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