FOR THE AUSTIN AND SURROUNDING AREASjessica-3348.sites.z57.com/wp-content/uploads/sites/3344/2015/07/… · single-family homes spent on the market, 2 days more than May '14. 8 6,323

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May 2015 Statistics

8 2,767 – Single-family homes sold, 2% less than May '14.

8 $348,201 – Average price for single-family homes, 7% more than May '14.

8 42 – Average number of days single-family homes spent on the market, 2 days more than May '14.

8 6,323 – Active single-family home listings on the market, 6% more than May '14.

8 2,936 – Pending sales for single-family homes, unchanged from May '14.

8 2.7 – Months of inventory of single-family homes, unchanged from May '14.

8 $963,472,167 – Total dollar volume of single-family properties sold, 5% more than May '14.

FOR THE AUSTIN AND SURROUNDING AREAS

July 2015JKB Realty Newsletter

After setting a record in April, single-family home sales dipped 2% to 2,767 home sales

in May, according to the May 2015 Multiple Listing Service (MLS) report released today

by the Austin Board of REALTORS®.

Single-family home prices remained high, both setting a record for the month of

May and increasing at a rapid rate that is out-pacing historical appreciation, which is

typically 4% annually according to the Real Estate Center at Texas A&M University. The

majority of homes entering the market continue to be priced outside of an affordable

price range for many residents, with only 25% of single family housing options in

Central Texas below $200,000.

The 2015 President of the Austin Board of REALTORS®, explained, “Affordability remains

an issue across the region, identifying a need for Central Texas to address the “missing

middle” with an influx of diverse housing stock. Unfortunately, the majority of single-

family homes can no longer be developed within the region in an affordable price

range for most homebuyers. Creating conditions that allow for housing options for

all of our residents, such as medium-scale housing options, will help increase housing

affordability, improve the tax base and potentially provide income for homeowners.

Equally important, this type of housing stock allows for greater density and helps

residents to live close to where they work and go to school.”

Austin-area home prices remain high,home sales decrease in May 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 MLS AREAMAY 2015 HOUSING STATISTICS

AVERAGE HOME PRICE$271,000Ý9%

HOMES SOLD2,767Ý2%

AVERAGE DAYS ONMARKETÝ2 DAYS

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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 | ESTABLISHED 2003

JKB Realty Group

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512.532.5005 www.JKBRealty.com

The Featured Properties125 DOVETAIL LN.

3,536 Sq. Ft. | 4 Bed | 3.5 Bath | 4 Living

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 more than $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 ITS FINEST

This beautiful home is situated on a wooded 6.312 acre lot & features a wet weather creek, multiple living areas, breathtaking views and separate guest house. The fabulous kitchen is open to the main living area & boasts a center island, granite countertops & stainless steel appliances that include commercial grade gas stove plus a built-in oven & microwave, butler’s pantry & more cabinet space than you will know what to do with!

Feel at home in a master suite complete with gorgeous hardwood floors, large windows that overlook the pool, 2 vanities, an abundance of counter & storage space, soaking tub, separate shower and a huge walk-in closet with secret door connecting to the laundry room.

This impressive property also offers fantastic natural light, a huge upstairs gameroom & a study with custom built-in shelving.

The amazing outdoor living space features a sparkling pool with a waterfall, balcony, screened in porch & extensive deck that all include stunning hill country views. The guest house is just steps from the pool & features 2 bedrooms & 2 full baths, amazing stone fireplace, wood planked ceilings, screened in porch & more! Your friends and family will never want to leave!

375 Onion Creek Ranch Rd.AVAILABLE

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JKB Realty Group 512.532.5005 www.JKBRealty.com

The Featured Properties

This is a terrific 1.37 acre golf course lot located

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.

Other top-notch community amenities include:

tennis courts, racquet club and clubhouse.

This gorgeous former model unit is calling you home! Just 2 blocks from Zilker Park with access to the Lady Bird Lake Hike & Bike Trail, this home has everything you’ve ever wanted & more. You’ll be the envy of all your friends with a 52-bottle Thermador wine refrigerator, warming drawer, built-in oven & microwave, a 5-burner gas cooktop, Travertine accents & European style cabinets. The floor to ceiling windows in every room provide a great view & an abundance of natural light.

Master suite is complete with built-in storage, entertainment center, double vanity w/granite counters, walk-in shower, spa-like soaking tub & walk-in closet with custom built-ins.

Property also boasts 2 storage lockers above the reserved garage spaces, custom built-in storage & shelving in every room as well as over $35K in upgraded motorized window shades with hard wired wall controls.

Additional complex amenities include a heated saltwater pool, fitness center, guest suite, 4 rooftop decks & more! Come live the Austin lifestyle with the convenience of a condo and the amenities of a luxury resort!

2711 Cliff Point (lot)

1600 Barton Springs Rd #6206

AVAILABLE NOW

AVAILABLE NOW

JKB Realty Group

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512.532.5005 www.JKBRealty.com

The Featured Properties

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!

206 Broken ArrowPENDING

Tucked away behind Restaurant Row & a City of Austin park

providing access to Lady Bird Lake Hike & Bike Trails, 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!

1600 Barton Springs Rd #1108AVAILABLE NOW

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Example:

The payment would be $40 higher each month/$480 a year, and the total interest over the life of the loan would be $14,119.20.

Interest Rate: 4.125%Purchase Price: $335,000Loan Amount: $268,000P&I: $1,298Total Int. Paid: $199,589.60

Interest Rate: 4.25%Purchase Price: $335,000Loan Amount: $268,000P&I: $1,338Total Int. Paid: $213,708.80

Area: The Hills of Lakeway or Flintrock$700K -$950K

Minimum 3 bedrooms, 3 bathsMinimum 3,000 Sq Ft

Area: SW Austin$200K Max

2+ bedrooms, 2+ bathroomsCondo or Townhome

The Realty Group

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

BUYE

R #1

Area: North Austin to Steiner Ranch,Cedar Park & Round Rock

Up to $425KMin. 3 bedroom, 3 bath, 2,500 Sq FtPrivate Pool or Community Pool a MUST!

BUYE

R #2

BUYE

R #3

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

the move UP program

Mortgage rates are at their highest levels of the year, this according to Freddie Mac’s most recent mortgage survey. In fact, mortgage rates have been on a steady climb all year long. It appears investors are increasingly becoming more confident in the stock market, pulling money out of bonds and into equities. Why? All one needs to do is look at the most recent jobs numbers.

The Department of Labor recently released the unemployment figures for May. The headline number showed the unemployment rate actually rose a bit, from 5.4% to 5.5% but that increase was due to more people jumping back in the labor market. What investors paid more attention to however was the number of new jobs created for May. According to the data, there were 280,000 new non-farm payroll jobs for the month, much higher than what was expected. At the same time, wage gains rose to a level not seen in two years. This combination of more jobs and an increase in pay points has led to higher rates. In fact, we’re seeing that now.

Mortgage rates have risen by about 0.25% from their 2015 lows and have already priced in the first rate increase by the Fed, even though the official move has yet to be made. Now, investors are looking to the next rate increase.

If you’re in the market to buy a house here the greater Austin area, what should you do? Should you wait to see if rates settle back down? If you do, there are two things that could work against you. The rising rate environment and the increase in home values. The types of homes you saw for sale two months ago are most likely selling for more right now. And the rates you saw two months ago are higher now than they were then and will go higher. Whether you’re sitting on the fence or actively searching for your next home, I couldn’t make a better case why now is the time to buy.

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

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

Tera Gilbert, Senior Mortgage Consultant | 512.828.6420DON'T WAIT ANY LONGER

JKB Realty Group

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512.532.5005 www.JKBRealty.com

This gorgeous former model unit is calling you home! Just 2 blocks from Zilker Park with access to the Lady Bird Lake Hike & Bike Trail, this home has everything you’ve ever wanted & more. You’ll be the envy of all your friends with a 52-bottle Thermador wine refrigerator, warming drawer, built-in oven & microwave, a 5-burner gas cooktop, Travertine accents & European style cabinets. The floor to ceiling windows in every room provide a great view & an abundance of natural light.

Master suite is complete with built-in storage, entertainment center, double vanity w/granite counters, walk-in shower, spa-like soaking tub & walk-in closet with custom built-ins.

Property also boasts 2 storage lockers above the reserved garage spaces, custom built-in storage & shelving in every room as well as over $35K in upgraded motorized window shades with hard wired wall controls.

Additional complex amenities include a heated saltwater pool, fitness center, guest suite, 4 rooftop decks & more! Come live the Austin lifestyle with the convenience of a condo and the amenities of a luxury resort!

1600 Barton Springs Rd #6206AVAILABLE NOW

The Featured Properties909 MATHESON DR.

2,802 Sq. Ft. | 4 Bed | 2.5 Bath | 2 Living

This gorgeous, barely lived in home offers fabulous upgrades including new beautiful hardwood flooring that was just installed in May 2015! The spacious floorplan creates an easy flow that is perfect for entertaining family & friends.

The family room offers high ceilings, an abundance of windows that provide great natural light, & a wood burning stone fireplace. The kitchen features granite countertops, 36’’ maple cabinets, custom backsplash, stainless steel appliances, island, pantry, breakfast area & fantastic storage space. The spacious master suite includes new carpet, a walk-in closet, double vanity with great storage space, soaking tub & shower with glass surround.

The other 3 bedrooms are extremely roomy and offer vaulted ceiling. Upstairs you will also find a light & bright gameroom with a closet. The fantastic backyard is complete with wood privacy fence & covered patio that features a ceiling fan to keep you cool during those hot Texas summers!

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JKB Realty Group 512.532.5005 www.JKBRealty.com

Blues on the GreenWHEN: June 3 - August 5 | WHERE: Zilker Park

Blues on the Green is Austin’s largest FREE concert series, and an Austin tradition... so grab your family and friends, some blankets or lawn chairs and join us!

Oh, and for special offers and up to date info, sign up for the Blues on the Green text alert club. Text "BLUES" to 29217 (standard texting rates apply).

Zilker Park is on Barton Springs Road, just east of MoPac and half a mile

west of Lamar Blvd. Barton Springs Road will remain open but only left turns will be prohibited between Lou Neff Rd and Stratford Drive.

Austin Symphony Presents:A July 4th CelebrationWHEN: July 4 | WHERE: Vic Mathias Shores

The Austin Symphony hosts an annual concert of patriotic music culminating in a spectacular firework display over Lady Bird Lake.

The July 4th Symphony and Fireworks is an Austin Tradition. Free fireworks, and a free live performance. Great food and drinks, and a variety of local Arts & Crafts vendors.

Capital Metro will be running special MetroRail service from Leander

Station through the Downtown Station on the 4th of July, beginning at 10 AM and running through 2 AM Sunday morning.

HOW MUCH DOES THAT HOUSE PROJECT REALLY COST?

The Featured Article

by Melissa Dittmann Tracey, Realtor® Magazine

Your home buyers love that home, but if only it had hardwood floors instead of carpet throughout. How much would that cost?

You may field such cost questions from potential buyers, and some new online resources may help you gather quotes for your buyers in a hurry — or at least give you a resource to point them to. For example, HomeAdvisor’s True Cost Guide can provide visitors with an idea of what they can expect to pay for projects in their area.

At the site, users plug in the project they want to complete, along with their ZIP code. The tool then will list the average cost of the home improvement project or repair in their area based on what others have paid. You can see a breakdown of cost estimates from the low to high end as well as average. The site offers a searchable database to gather estimates for more than 300 types of home projects and repairs, whether your buyer wants to find the average cost of remodeling a bathroom, painting the home’s exterior, installing new windows or countertops, or more.

Another cost estimating site, called Fixr, also offers estimates on various home improvement and remodeling projects — just plug in the project and find estimated costs as well as get access to a list of contractors in your area. The site also features cost guides to give you an overview of the price of tackling projects like kitchen and basement remodels as well as the costs of repairing siding, installing new windows, adding a porch or swimming pool, and more.

This allows home buyers to decide if the repair or renovation is within their budget, if they opt to buy the home. The tools may also come in handy for sellers in deciding whether they should invest in fix ups prior to listing their home for sale.

JKB Realty Group

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512.532.5005 www.JKBRealty.com

JULY EVENTS CALENDAR

EVENTS & FESTIVALS1,15 & 29

Do512 & Alamo Drafthouse present Sound & CinemaRelax on the lawn, and listen to live bands paired with Hollywood movie classics. Family-friendly event. Food trailers open at 6pm.Lawn of the Long Center, Austin

4 Willie Nelson’s 4th of July PicnicThis famous Texas tradition returns to Austin. This all-day celebration includes performances by Willie and his star-studded friends.Austin360 Amphitheater, Austin

11 20th Annual Bastille Day PartyAlliance Française d’Austin presents the family- friendly Bastille Day celebration at the historic French Legation Museum. Enjoy games, food, wine, live music, and much more!French Legation Museum, Austin

25-26 8th Annual Classic Game FestThe largest retro video game convention in the country, with more than 25,000 square feet of attractions including a free-play arcade, vendors, contests, and more.Palmer Events Center, Austin

FOOD, ART & CULTURE

1-6 Alice’s Adventures in WonderlandExhibition celebrating 150 years of Alice’s Adventures. Learn about Lewis Carroll and his inspirations. Explore the curiosities behind the inspirational story generations have enjoyed.Harry Ransom Center / UT Austin

MON'SMotown Monday: West Coast Swing LessonsThrow your dancin’ shoes on! Learn to West Coast Swing to the sounds of Motown, soul and funk.The Highball, Austin

THUR'SArts and DraftsBring your favorite craft, or come learn a new one! Hang out, make friends, or meet old ones.Rio Rita, Austin

FRI'S Friday Night FilmsSwing by the South Shore District to enjoy 90’s-themed movies on the lawn. Food trailers will be onsite offering their eats and treats.South Shore District, Austin

FRI'S #atxfreeartfridayEvery Friday a social media-based city wide hunt for art takes place. Follow @SpraTX on Instagram, and search the hashtag #atxfreeartfriday to join the hunt! Visit the website below for further instructions on how to participate.Various Locations around town

SPORTSSAT'S Hops & Grain Brewery 5K

A unique collaboration between City Running Tours and Hops & Grain Brewery have resulted in this unique event. 21 and up.Luke’s Locker, Austin

4 Firecracker 5kStart your Fourth of July off with a timed 5K and 1 mile fun followed by a parade and festivities.Heather Dr & Fawn Park, Lago Vista

11 10th Annual David’s RideThe day starts with breakfast tacos, and then cyclists begin their chosen distance. All proceeds benefit Camp Agape.McQueeney Baptist Church, McQueeney

12 Couples TriathlonForm a team of two, and compete in swimming, biking, and cycling.Decker Lake, Austin

18-19 The Forest Creek Central Texas AmateurA top amateur golf tournament in Central Texas.

Forest Creek Golf Club, round rock

Austin SPURS Schedule Texas Longhorns Sports CalendarAustin Aztex Schedule Calendar of Running EventsTexas Stars Schedule Calendar of Cycling Events

Round Rock Express Schedule

MUSIC6 Outlaw: Celebrating the Music of Waylon Jennings

ACL Live at the Moody Theater, Austin

10 Bob Schneider with Tosca String QuartetLong Center for the Performing Arts, Austin

12 Rob Thomas with special guest Plain White T'sACL Live At The Moody Theater, Austin

19 The Smashing Pumpkins & Marilyn MansonACL Live At The Moody Theater, Austin

23 Earth, Wind & Fire and ChicagoAustin360 Amphitheater, Austin

25 Shawn ColvinOne World Theatre, Austin

28 PhishAustin360 Amphitheater, Austin

SEARCH AND FIND MORE MUSIC EVENTS AT:Austin Live MusicRed7 AustinMohawk Austin

Nutty Brown Cafe Emo's AustinThe Continental Club

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Tom McAnnProfessional Inspector #5418

[email protected]

DON’T PAY TOO MUCHFOR YOUR NEXT HOME!

We can save youTHOUSANDS OF DOLLARS

through our negotiating experience with builders!

CALL US TODAY 512.532.5005

NEW

The Vendor List 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.

[email protected]

Michael Katsus | 512.539.7901 [email protected]

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]

888.492.7359 [email protected]

Page Gandy512.524.5408

[email protected]

ALLSIDESROOFING & CONSTRUCTION

Free EstimatesLocal: 512.626.5294

Toll Free: 877.864.9037

EXPERTS

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