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Melissa Mandry
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GRI, MBA Real Estate Agent-Austin, Texas-Keller Willams Lake Travis
GRI, MBA Real Estate Agent-Austin, Texas-Keller Willams Lake Travis

129 followers
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COMING SOON! Hard to find one story with a pool nestled in the heart of Lakeway, TX. Call Melissa for more information. 512-296-4714.
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Gorgeous .389 acre lot with never ending panoramic views of Lake Apache in Apache Shores located along the shores of Lake Austin just below Lake Travis & Mansfield Dam. Enjoy the community center, swimming pool, tennis courts, Lake Austin access by boat ramp, park & day dock. Residents enjoy Lake Austin access through a private homeowners’ park and children attend the award-winning Lake Travis schools.14413 Chochise Trail. Offered at $87,500.
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2015-04-30
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Austin-area home prices reach all-time high, home sales set record for March 2015
Austin Board of REALTORS® releases real estate statistics for March 2015


AUSTIN, Texas – April 21, 2015 – Austin-area single-family home prices hit an all-time high, while single-family home sales volume set a record for the month of March according to the March 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®.

Barb Cooper, 2015 President of the Austin Board of REALTORS¬®, explained, “The Austin-area housing market is the least affordable it has ever been. Solving Austin’s affordability issues is not only dependent upon generating new, affordably-priced housing stock, but also preserving and maintaining Austin’s existing housing stock. The recent Zucker Report is yet another indicator that Austin’s city leadership needs to take significant steps to ensure that all of Austin’s residents live in safe, code-compliant homes and are able to quickly and easily make improvements to those homes.”

According to the report, the median price for Austin-area single-family homes increased 10 percent year-over-year to $255,000 in March 2015, while average price increased 13 percent to $334,758 during the same time frame. This is the highest Austin-area home prices have ever been. Only three in ten single-family homes sold in the Austin area in March 2015 were priced less than $200,000.

Single-family home sales increased 13 percent year-over-year to 2,440 home sales in March 2015, a new record for March single-family home sales volume. In March, more than half of the homes sold in the Austin area were outside of Austin’s city limits, with a majority of sales occurring in Round Rock, Pflugerville, Georgetown, the Cedar Park/Leander area and the Kyle/Buda area.

Austin-area monthly housing inventory was statistically unchanged from March 2014 at 2.2 months, a figure still well below the 6.5 month level the Real Estate Center at Texas A&M University estimates as a balanced housing market. Homes continued to spend more time on the market in March 2015, increasing four days year-over-year to an average of 55 days.

New and active listings for single-family homes both increased six percent year-over-year to 3,402 new listings and 5,274 active listings in March 2015. Pending sales also rose during the same time frame, increasing five percent year-over-year to 2,812 pending sales in March 2015.

Cooper concluded, “It’s encouraging to see how seriously Austin’s City Council is taking the findings of the Zucker Report. Now that Mayor Adler and Austin’s new City Council members are past their first 100 days in office, the Austin Board of REALTORS® expects quick and decisive action on policies that will put a stop to Austin’s growing housing affordability issues. We’re looking forward to working with city leaders on finding these solutions.”


March 2015 Statistics
2,440 – Single-family homes sold, 13 percent more than March 2014.


$255,000 – Median price for single-family homes, 10 percent more than March 2014.


$334,758 – Average price for single-family homes, 13 percent more than March 2014.


55 – Average number of days single-family homes spent on the market, four days more than March 2014.


3,402 – New single-family home listings on the market, six percent more than March 2014.


5,274 – Active single-family home listings on the market, six percent more than March 2014.


2,812 – Pending sales for single-family homes, five percent more than March 2014.


2.2 – Months of inventory* of single-family homes, statistically unchanged from March 2014.


$816,809,520 – Total dollar volume of single-family properties sold, 28 percent more than March 2014.
The following sections describe trends in other sectors of the Austin-area real estate market.


Townhouses & Condominiums
The volume of townhouses and condominiums (condos) purchased in the Austin area in March 2015 was 263, a three percent decrease from March 2014. The median price for condos was $226,500, which is one percent more than the same month of the prior year. When compared to March 2014, these properties spent 10 fewer days on the market, or an average of 43 days.


Leasing
In March 2015, a total of 1,348 properties were leased in Austin, which is 12 percent more than March 2014. The median price for Austin-area home leases was $1,500, which is three percent more than the same month of the prior year.

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The Austin Board of REALTORS® (ABoR) builds connections through the use of technology, education and advocacy to strengthen the careers of its 11,000 members and improve the lives of Central Texas families. We empower Austin REALTORS® to connect their clients to the region’s most complete, accurate and up-to-date listings data. For more, contact the ABoR Department of Public Affairs at marketing@abor.com or 512-454-7636. For the latest local housing market listings, visit AustinHomeSearch.com.


* The inventory of homes for a market can be 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.
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Consumer prices rose slightly in February for the first increase in 3 months. However, inflation risk still remains low, which is good for interest rates.
Durable goods orders fell in February signaling slowing economic growth. Trends such as these are watched closely by the Fed and can keep rates at bay.
As demonstrated by mortgage applications for purchases, spring sales are picking up. Applications jumped 4.9% last week to the highest level since January.
Existing home sales rose 1.2% in February. Demand is strong, and a tight inventory continues to keep house prices climbing.
New home sales hit a 7 year high in February. The increase in sales of newly built homes indicates that construction may need to ramp up to meet demand.
The Federal Housing Finance Agency's House Price Index increased by 0.3% in January. House prices were up 5.1% from January 2014 to January 2015 .
A lady was newly appointed as a clerk in a bank. The manager of that branch was fond of literature. Making conversation, he asked the clerk, "Do you know William Shakespeare?" The clerk replied, "No. What branch does he work in?"
Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.
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Tune in this Sunday at noon on Channel 7 KBVO-Open House ATX-3015 Brass Buttons Trail offered at $1,175,000. Lake Austin Waterfront.
: http://youtu.be/__sBX4rXzbE
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Tune in this Sunday at noon on Channel 7 KBVO-Open House ATX-3015 Brass Buttons Trail offered at $1,175,000. Lake Austin Waterfront.
: http://youtu.be/__sBX4rXzbE
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JUST LISTED! Lake Austin Waterfront offered at $1,175,000.00. This waterfront home is nestled in the charming community of Apache Shores and Lake Travis ISD. 2,511sqft featuriing 3 bedrooms/office, 2.5 baths. This home is absolutely stunning with never ending views of Lake Austin and the Texas Hill Country. This home includes 94' of Lake Austin Waterfront and huge wooden deck and built in waterfront bar, boat dock with awning, bbq pit, picnic table and private gated road for waterfront owners. Call Melissa http://3015BrassButtonsTrail.com/212937
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HILL COUNTRY HOME TOUR
SUMMER PREVIEW EVENT
Sunday, May 18th
1pm to 4pm- Belvedere- 8324 Verde Mesa offered at $1,399,000.
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