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Austin Real Estate News

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Austin Home Sales Maintain Last Years Pace!
According to the Multiple Listing Service (MLS) report released
by the Austin Board of REALTORS, Austin-area home sales continued
last years competitive pace in May 2014 while prices increased. Also,
for the frst time in more than three years, the number of active listings
on the market grew compared to the prior year.
Bill Evans, 2014 President of the Austin Board of
REALTORS, explained, The Austin market has been in need
of housing stock for some time now, so its encouraging to see an
increase in listings over last year. With sales volumes remaining strong,
the market is still competitive, but the options for buyers are beginning
to increase.
The total inventory* of Austin-area homes in May 2014 was
2.6 months, the highest rate of inventory seen in Austin since last
September but still a slight decrease of 0.1 months from May 2013.
Measured in months, Austins monthly housing inventory is the result of
the current number of active listings divided by the average home sales
per month of the prior 12 months.
Evans explained, The May 2014 increase in active listings was
not quite enough to offset Austins continual year-over-year decrease in
housing inventory, which looks at homes sales over a 12-month period.
However, if active listings continue to increase on a monthly basis, we
will eventually see an increase in Austins housing inventory level.
Active listings increased by four percent and new listings
increased by seven percent in May 2014 compared to the prior year.
Homes also continued to sell quickly, spending an average of 40 days
on the market, which is four days less than one year prior.
Evans concluded, While more properties are beginning to
come on the market, the price appreciation weve seen in recent years
is continuing as well, so buyers and sellers should both expect a busy
summer selling season.
May 2014 Statistics
2,943Single-family homes sold, three percent more than May
2013.
$325,926Average price for single-family homes, eight percent
more than May 2013.
40Average number of days single-family homes spent on the
market, four days fewer than May 2013.
4,002New single-family home listings on the market, seven
percent more than May 2013.
5,949Active single-family home listings on the market, four percent
more than May 2013.
2,928 Pending sales for single-family homes, two percent more
than May 2013.
2.6 Months of inventory of single-family homes, 0.1 months less
than May 2013.
$959,200,218Total dollar volume of single-family properties sold,
11 percent more than May 2013.
In the News
Home Tour to Celebrate Austins
Eclectic Side
Think Austin Homes are
Expensive? Heres What Pricey
Really Looks Like.
Central Texas Leads State in
Small Land Transactions
Six Surprising Real Estate
Trends
Keep Up With
Better Homes and
Gardens Real Estate
Bradfeld Properties
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On the Market
12915 Noyes Lane
Austin, Texas 78732
$425,000
1211 W. Mary #3
Austin, Texas 78704
$775,000
5903 Cartwright Cove
Austin, Texas 78731
$475,000
10105 Planters Woods Drive
Austin, Texas 78730
$525,000
6304 Bon Terra Drive
Austin, Texas 78731
$949,000
11300 Grazing Deer Trail
Austin, Texas 78735
$815,900
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Real Estate Quick Tips - Kitchen Updates on a Budget
For more lifestyle and home
improvement videos, visit the
Better Homes and Gardens Real
Estate YouTube Channel here.
Mortgage Rates Reverse,
Drop Slightly
Consumer Confidence,
New Home Sales Return
to 2008 Levels
One thing that we have established in real estate is that home design trends come and go. They are
generally focused on the economy, fashion, new technologies or the general mood of the country.
We are all glad that popcorn ceilings and gold trimmed bathrooms have disappeared. Some trends
become classics and hang around for many years and others disappear as quickly as they became
trends.
My advice for utilizing trends in your home is to think about your budget and to stay within that
budget. Some of these trends might fade out just as quickly as they became trends. Be cautious with
those that are permanent fixtures in the home and daring with those that can be easy-to-switch.
5 Trends in Home Design for 2014
1. Wider, reclaimed wood and wood-like porcelain foors
The newest trend in wood foors that we are starting to see is that they are generally being
cute from multiple species of trees. We still see the hand scraped look, it is just becoming less
utilized. Some companies are starting to recycle logs from older trees.
2. Simpler cabinets, bigger drawers
The biggest shift in cabinets is that a warmer gray is replacing the orange and brown
tones. Drawers are also favored for easier access and they also can be fitted with storage
receptacles. Hardware has become less visible and more modern.
3. Paint Palettes
Colors are defnitely changing as we move from the beige and white to a warm hue of gray.
Trends are also utilizing fresher soft corals, sea greens, lavenders and misty blues. Also
thankfully neon bright colors are fading away.
4. Indoor-outdoor living
Indoor-outdoor living space is a huge deal in Austin. We spend more time outside in the
beautiful summer weather than we do inside. Owners and builders are adding in cooking
equipment, freplaces or fre pits and terraces with living room-style seating.
5. Kitchen color, energy effciency and new materials
The kitchen has gone bold. Home owners are finally moving away from black, white and
stainless steel appliances and bringing in some color. Granite countertops are still a
prevalent update, but home owners are starting to utilize metals such as hot rolled steel in
the kitchen. The mismatched unfitted look is disappearing, replaced by cabinets that fit
together like a jigsaw puzzle.
Click on the link below for more information:
How to Approach Home Trends
Circuit of the Americas
July 4th Austin Symphony 38th Annual July 4th Concert & Fireworks
July 10th Lionel Richie with special guest CeeLo Green
July 11th Rascal Flatts with Cheryl Crow and Gloriana
July 12th Def Leppard with Kobra and the Lotus
Cedar Park Center
July 15th Motley Crue The Final Tour
July 20th Boston
July 22nd John Legend
Austin City Limits Live
July 2nd Devo
July 9th Summerland Tour 2014; Everclear, Soul Asylum, Eve 6, Spacehog
July 14th Latasha Lee & the Black Ties
July 19th & 20th Nick Cave & the Bad Seeds
July 28th Riders against the Storm
July 29th 311 w/ Full Service
July 30th Counting Crows w/ Toad the Wet Sprocket
Blues on the Green
July 9th Grupo Fantasma
July 23rd Robert Ellis w/ The Night Owls
Zilker Hillside Theatre
July 11th to August 16th Roger and Hammersteins Oklahoma
Deep Eddy Movie Night Show starts at 8:45am
July 12th Monsters University
July 19th The Lego Movie
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Austin - The Live Music Capital of the World Calendar
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Home Trends