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Rare opportunity to buy this Classic 1910 Old West Austin home located in the Castle Hill Historic District. Home needs renovation but has great bones. Two out buildings with a chicken coop exist on the property. The large 175 X 50 lot goes all the way through to the alley. Home is just a few blocks from Whole Foods, Clarks, Jeffreys and West 5th and 6th St shopping. Great walkable neighborhood with many historic homes. Great Opportunity Here! Contact John Teinert for a showing 512-731-8884

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Historic 1910 Home in the Castle Hill Historic District on W 7th St

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Now that it’s May, Texas is about to start heating up -and we’re not just talking about the weather! Between the festivals, food, and fun, this month’s event calendar is bound to put a smile on your face. Check out what’s in store:

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Austin Board of REALTORS® releases real estate statistics for March 2014

AUSTIN, Texas – April 21, 2014 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, Austin-area home sales volume hit a seven-year high in March 2014, rising seven percent year-over-year to 2,262 single-family homes sold.
Bill Evans, 2014 President of the Austin Board of REALTORS®, explained, “The Austin-area housing market continues its aggressive pace as housing demand continues to accelerate and outstrip supply. Austinites wanting to buy or sell a home this summer should start the planning process with their REALTOR® now.”
According to the report, monthly housing inventory decreased 0.4 months year-over-year to 2.2 months in March 2014. Austin-area homes also continued to sell at an accelerated rate, spending an average 51 days on the market and 13 days fewer than in March 2013.
The median price for single-family homes was $231,750 in March 2014, a six percent increase from the same month last year, whereas average price increased five percent to $296,640. The total dollar volume of single-family homes sold was $670,999,680, a 12 percent increase from March 2013.
In addition, the market featured two percent fewer new listings, five percent fewer active listings and three percent fewer pending sales in March 2014 compared to the prior year.
Evans concluded, “Housing development is up compared with the same period in 2013, but current trends indicate that the upcoming summer selling season could bring one of the most competitive markets Austin has seen. Austin must enforce housing development policies that allow for a healthy supply of housing options that are readily available and affordable for all members of our community.”

March 2014 Statistics
  • 2,262 – Single-family homes sold, seven percent more than March 2013.

  • $231,750 – Median price for single-family homes, six percent more than March 2013.

  • $296,640 – Average price for single-family homes, five percent more than March 2013.

  • 51 – Average number of days single-family homes spent on the market, 13 days fewer than March 2013.

  • 3,211 – New single-family home listings on the market, two percent fewer than March 2013.

  • 4,964 – Active single-family home listings on the market, five percent fewer than March 2013.

  • 2,669 – Pending sales for single-family homes, three percent fewer than March 2013.

  • 2.2 – Months of inventory* of single-family homes, 0.4 months less than March 2013.

  • $670,999,680 – Total dollar volume of single-family properties sold, 12 percent more than March 2013.

  • The following sections describe trends in other sectors of the Austin real estate market.

Townhouses & Condominiums

The number of townhouses and condominiums (condos) purchased in the Austin area in March 2014 was 281, which is five percent more than March 2013. In the same time period, the median price for condos and townhomes was $225,000, which is 24 percent more than the same month of the prior year. When compared to March 2013, these properties spent 38 percent less time on the market at an average of 53 days.

Leasing

In March 2014, a total of 1,262 properties were leased in Austin, which is 10 percent more than March 2013. The median price for Austin-area leases was $1,450, which is five percent more than the same month of the prior year.
The Austin Board of REALTORS® (ABoR) is a non-profit, voluntary organization dedicated to educating and supporting Central Texas REALTORS®. ABoR proudly serves more than 9,000 members, promotes private property rights and provides accurate, comprehensive property listing information for the Greater Austin area. Home sales statistics are released by ABoR on a monthly basis. For more information, please contact the ABoR Marketing Department at marketing@abor.com or 512-454-7636. Visit AustinHomeSearch.com, a public resource on Austin real estate, for the latest news on the local housing market.
* The inventory of homes for a market is 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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With Bluebonnet season upon us, the activities are moving outdoors. There never seems to be a shortage of events in Austin, and this month is no different. This April, enjoy traditional Texas music, art, a crawfish feed, comedy, the infamous Eeyore’s birthday party and more!

Texas VegFest ~April 5th~ Fiesta Gardens
“Local and national sponsors and vendors, educational lectures, cooking demonstrations, community outreach, a featured nonprofit, youth activities, fantastic food, craft beer, and live music are just a few of the activities Texas VegFest offers for everyone to enjoy!”
http://www.texasvegfest.com/

Old Settler’s Music Festival ~April 10-13th~ Salt Lick Pavilion
“A nationally-known celebration of Americana and roots music in all its forms. The music continues nonstop for four straight days, with concerts, workshops, and impromptu jam sessions all day and throughout the night.”
http://oldsettlersmusicfest.org/

Louisiana Swamp Thing and Crawfish Festival ~April 12th~ Austin American Statesman Lot
This annual Cajun Festival features zydeco, brass band, funk, blues, and rock music, and roughly 7,000 pounds of Crawfish will be given away!
http://www.roadwayevents.com/RoadStar/Events-cat.asp?media1Id=1521

Art City Austin ~April 12-13th~ Downtown Austin
“This is an iconic Austin weekend long arts festival that transforms the streets of downtown in a celebration of art, culture, and creativity.”
http://www.artallianceaustin.org/art-city

Moontower Comedy Festival ~April 23-26th~ Paramount Theatre
“This festival brings some of the funniest, wittiest and oddest world-class comics from around the globe. This marathon of side-splitting nights throughout the city is slated to bring over 100 comedians doing everything from stand-up and sketch to improv and musical comedy.”
http://www.austintheatre.org/site/PageNavigator/moontower_home.html

Dripping Springs Founders Day Festival ~April 25-27th~ DT Dripping Springs
“The three-day celebration kicks off with the Grand Parade and includes: free music and entertainment on two stages, the Mighty Thomas carnival, food, beer, street dances, cook-off competitions, over 150 arts and crafts booths and business vendors, and the 5th largest washer pitching tournament in the country.”
http://www.cityofdrippingsprings.com/default.aspx?name=fdf.home

Eeyore’s Birthday Party ~April 26th~ Pease Park
Dress in a costume and come celebrate the annual event that’s fun for all ages. This fundraiser benefits nonprofit organizations in Austin.
http://www.eeyores.org/

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Just as the hint of cinnamon reminds you of the cookies your grandmother used to bake, and that “oldie but goodie” song on the radio takes you back to the summer of your first kiss; an antique often sparks a similar form of nostalgia. Whether there’s a personal connection or not, an antique holds a historical richness that causes people to think. “That’s what is so great about owning antiques,” says store co-owner Cathy Négrel. “They are so unique and instantly add character to a space.”Upon entering Négrel Antiques, you are completely submersed in a timeless and beautiful ensemble of antiquity. Rays of natural light softly illuminate the rare collection of European and French...

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Austin Board of REALTORS® releases real estate statistics for February 2014
AUSTIN, Texas – March 20, 2014 – Austin-area home sales and home prices hit an all-time high in February, according to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®. In February 2014, 1,761 single-family homes were sold in the Austin area, which is nine percent more than one year prior, and the median price for Austin-area homes was $230,530, an 11 percent gain from February 2013.
Bill Evans, 2014 President of the Austin Board of REALTORS®, explained, “The Austin-area housing market continues to be strong and home buyers remain aggressive. Sales are increasing year-over-year and rising home starts have begun to offset Austin’s shrinking housing inventory. These factors taken together make it look like we will have a great real estate year in 2014.”
A recent report from Metrostudy showed that Austin-area home starts hit a six-year high in 2013 and are on pace to exceed 2013 levels this year, which could replenish Austin’s housing stock with much-needed new homes. In February 2014, inventory remained at a historically low level of 2.0 months, compared to 2.6 months of inventory in February 2013.
Austin-area homes also continued to sell at an accelerated rate, spending an average of 55 days on the market in February 2014 and 16 days fewer than in 2013. The market also featured one percent fewer new listings, eight percent fewer active listings and five percent fewer pending sales in February 2014 compared to the prior year.
As Austin-area inventory remained unchanged and new and active listings decreased, home prices continued to rise. Average price also saw a double-digit increase, increasing 12 percent from February 2013 to $293,746. The total dollar volume in February 2014 was $517,286,706, a 21 percent increase from February 2013.
Evans concluded, “Austin needs to be aggressive in the promotion of housing development policies that contribute to a consistent, healthy increase of housing stock for all members of our community. Home starts are strong and the outlook for Austin-area home sales continues to be positive, and we need to provide safe, affordable housing options quickly in order to keep up with Austin’s continuing demand.”

February 2014 Statistics
1,761 – Single-family homes sold, nine percent more than February 2013.
$230,530 – Median price for single-family homes, 11 percent more than February 2013.
$293,746 – Average price for single-family homes, 12 percent more than February 2013.
55 – Average number of days single-family homes spent on the market, 16 days fewer than February 2013.
2,544 – New single-family home listings on the market, one percent fewer than February 2013.
4,724 – Active single-family home listings on the market, eight percent fewer than February 2013.
2,118 – Pending sales for single-family homes, five percent fewer than February 2013.
2.0 – Months of inventory* of single-family homes, 0.6 months less than February 2013.
$517,286,706 – Total dollar volume of single-family properties sold, 21 percent more than February 2013.
The following sections describe trends in other sectors of the Austin real estate market.
Townhouses & Condominiums

The number of townhouses and condominiums (condos) purchased in the Austin area in February 2014 was 217, which is 26 percent more than February 2013. In the same time period, the median price for condos and townhomes was $207,000, which is 11 percent more than the same month of the prior year. When compared to February 2013, these properties spent 26 percent less time on the market at an average of 50 days.

Leasing

In February 2014, a total of 1,206 properties were leased in Austin, which is five percent more than February 2013. The median price for Austin-area leases was $1,400, which is six percent more than the same month of the prior year.
The Austin Board of REALTORS® (ABoR) is a non-profit, voluntary organization dedicated to educating and supporting Central Texas REALTORS®. ABoR proudly serves more than 9,000 members, promotes private property rights, and provides accurate, comprehensive property listing information for the Greater Austin area. Home sales statistics are released by ABoR on a monthly basis. For more information, please contact the ABoR Marketing Department at marketing@abor.com or 512-454-7636. Visit AustinHomeSearch.com, a public resource on Austin real estate, for the latest news on the local housing market.
* The inventory of homes for a market is 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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