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Austin Real Estate Market Continues to strive for new heights!

Austin-area housing inventory drops to 2.9 months in June Mid-year results show increase in sales, drop in days on market Austin Board of REALTORS® releases real estate statistics for June 2013 and mid-year 2013 AUSTIN, Texas – July 22, 2013 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area year-over-year housing inventory fell to 2.9 months in June, a decrease of 1.5 months from June 2012. Mid-year statistics for 2013 reinforced a strong demand for the market, including a 19 percent increase in home sales and 25 percent less days on the market compared to the first six months of 2012. Cathy Coneway, 2013 Chairman of the Austin Board of REALTORS®, explained, “While the Austin-area real estate market is strong, Austin’s housing inventory has reached a critical level. If the cost of development in the area does not decrease, Austin residents will not have enough housing options and availability necessary to meet growing demand.” According to the report, homes spent 43 days on the market, which is a decrease of 16 days from one year prior. The market featured eight percent more new listings, 22 percent fewer active listings and 16 percent more pending sales in June 2013 compared to the prior year. This is on par with mid-year results, which show a five percent increase in new listings, 25 percent fewer active listings and 17 percent more pending sales than the first six months of 2012. The total dollar volume of single-family properties sold was $841,090,524, or 15 percent higher than the same month last year. Year to date, total dollar volume increased by 31 percent, totaling $3,838,604,341 for the first half of 2013. This is already 62 percent of the total dollar volume of home sales for all of 2012. In June 2013, 2,767 single-family homes were sold in the Austin area, which is eight percent more than June 2012 and the most home sales in June since 2007. The median price for Austin-area homes increased to $235,000, which is eight percent more than the same month in 2012. Year to date, median price is $224,000 or nine percent more than the first six months of 2012. Coneway added, “While it seems like home sales slowed in June compared to earlier in the year, this month marks the highest level of home sales for June in the last six years. That combined with the fast pace of home sales in the area means buyers will greatly benefit from using a REALTOR® who has access to the most up-to-date information in the MLS, and sellers will gain maximum exposure for their listing with it in the MLS." June 2013 Statistics 2,767 – Single-family homes sold, eight percent more than June 2012. $235,000 – Median price for single-family homes, eight percent more than June 2012. 43 – Average number of days single-family homes spent on the market, 16 days fewer than June 2012. 3,613 – New single-family home listings on the market, eight percent more than June 2012. 6,046 – Active single-family home listings on the market, 22 percent fewer than June 2012. 2,812 – Pending sales for single-family homes, 16 percent more than June 2012. 2.9 – Months of inventory* of single-family homes, 1.5 months less than June 2012. $841,090,524 – Total dollar volume of single-family properties sold, 15 percent more than June 2012. 2013 Mid-Year Statistics 13,159 – Single-family homes sold, 19 percent more than the first half of 2012. $224,000– Median price for single-family homes, nine percent more than the first half of 2012. 19,018 – New single-family home listings on the market, five percent more than the first half of 2012. 5,426 – Active single-family home listings on the market, 25 percent fewer than the first half of 2012. 15,667 – Pending sales for single-family homes, 17 percent more than the first half of 2012. $3,838,604,341 – Total dollar volume of single-family properties sold, 31 percent more than the first half of 2012. The following sections describe trends in other sectors of the Austin real estate market. Townhouses & Condominiums The volume of townhouses and condominiums (condos) purchased in the Austin area in June 2013 was 318, which is 20 percent more than June 2012. In the same time period, the median price for condos was $199,000, which is six percent more than the same month of the prior year. When compared to June 2012, these properties spent 33 percent less time on the market, or an average of 41 days. For the first half of 2013, 1,495 Austin condos were sold, which is 23 percent more than this time last year; the median price was $195,000, or eight percent more than 2012; and condos spent an average of 57 days on the market, 30 percent less time than the first half of 2012. Leasing In June 2013, a total of 1,575 properties were leased in Austin, which is six percent less than June 2012. The median price for Austin-area leases was $1,450, which is four percent more than the same month of the prior year. In the first half of 2013, a total of 7,658 properties were leased in Austin, which is two percent more than 2012, and the median lease price was $1,400, or eight percent more than this time last year. The Austin Board of REALTORS® (ABoR) is a non-profit, voluntary organization dedicated to educating and supporting Central Texas REALTORS®. ABoR proudly serves nearly 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. Information provided by Austin Board of Realtors

For Sale: Westlake/Eanes ISD under $250K

Austin Area School Districts: TEA Accountability Ratings

Click here for a complete list of Austin ISD's TEA Accountability Ratings.

Click here for a complete list of Eanes ISD's TEA Accountability Ratings.

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Click here for a complete list of Dripping Springs ISD's TEA Accountability Ratings.

Click here for a complete list of Round Rock ISD's TEA Accountability Ratings.

Click here for a complete list of Pflugerville ISD's TEA Accountability Ratings.

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When to disclose an inspection report?

Austin, Texas Annual Music Festivals

ANNUAL MUSIC FESTIVALS 

F Free Event

South by Southwest ® (SXSW®) Conferences & Festivals
A unique convergence of original music, independent films, and emerging technologies. 
DT, Austin u http://sxsw.com

Texas Rockfest
Features the best in unsigned talent that Austin and the surrounding southwest region 
has to offer
DT, Austin u http://texasrockfest.com

Urban Music Festival
Family-friendly festival! Regional and local groups performing Hip-Hop, R&B and DJs.
Auditorium Shores, Austin u www.austinurbanmusicfestival.com

Old Settler’s Music Festival
Acoustic jazz & blues, bluegrass, old-time local faves & award-winning artists from
around the world.
18300 FM 1826, Driftwood u http://oldsettlersmusicfest.org

Austin Reggae Festival
Features Local and national reggae bands, more than 50 vendors selling a variety of delicious 
food, plus unique arts & crafts. Portion of ticket sales benefits the Capital Area Food Bank
Auditorium Shores, Austin u http://austinreggaefest.com

Fast Forward Austin 
Austin’s premiere contemporary music and arts festival featuring an eclectic mix of 
cutting-edge, genre-bending music that fearlessly straddles the borders of pop, classical, 
and experimental sound. 
Austin Scottish Rite Theater u www.fastforwardaustin.com

KGSR Unplugged at the Shady Grove 
Music series that features fantastic Austin artists in an intimate acoustic setting. 
the Grove, Austin u www.kgsr.com/unplugged

Pachanga Latino Music Festival
Latin-themed music, cultural arts and food festival dedicated to showcasing the vibrant 
blend of Latino-created music and art.
Fiesta Gardens, Austin u http://pachangafest.com

Kerrville Folk Festival
Live music, activities for children, new folk competition and concerts for emerging songwriters.
between Kerrville and Medina u http://kerrville-music.com

Fiesta Amistad F
Features live music, plenty of food, and family entertainment.
Next to the Dell Diamond, Round Rock u www.elamistadclub.com

Chaos in Tejas
A nice lil mix of punk, hardcore, metal, hip hop, garage rock, indie rock, and all points 
in between.
Various Venues, Austin u http://chaosintejas.com

Blues on the Green F
Austin’s longest running FREE music series! Food and non-alcoholic beverages from six 
different local restaurants. 
Zilker Park, Austin u www.kgsr.com

July 4th Concert & Fireworks F
More than 100,000 people gather at Auditorium Shores for the largest Independence 
Day celebration in Austin.
Auditorium Shores at The Long Center u www.austinsymphony.org

Concerts in the Park F
Each Sunday a different ensemble of the Austin Symphony will be performing music 
from jazz and light classical to pops selections and film scores. Concert goers are 
encouraged to bring a picnic dinner and blanket and make it a group outing.
The Long Center, Austin u www.austinsymphony.org

Austin Chamber Music Festival F
Featuring an eclectic range of world-class artists that defy your typical definition of 
chamber music. From traditional to cutting edge chamber ensembles. This Music Festival 
has something for every musical taste! 
Austin Chamber Music Center u http://austinchambermusic.org

Kerrville Wine & Music Festival
Come and enjoy the newest and best wines that Texas has to offer in addition to 
performances by dozens of the world’s best songwriters.
Quiet Valley Ranch, Kerrville u www.kerrville-music.com/wine_info.htm

Austin City Limits Music Festival
For 2 weekends, tens of thousands of fans will watch more than 100 bands from around 
the world.
Zilker Park, Austin u www.aclfestival.com

Fun Fun Fun Fest
Independent genre festival, known as one of the most relaxed, creative, and pioneering 
festivals in music today. A fest that is custom booked for the most passionate underground 
and progressive musicians, comedians and fans around the world.
Auditorium Shores, Austin u www.facebook.com/funfunfunfest

Austin Celtic Festival
Celebrate the authentic music, honed by the Celtic people. Highlights the traditions and 
achievements in places like Ireland & Scotland, leaders in folk music and dance. 
Fiesta Gardens, Austin u http://austincelticfestival.com

Austin Symphony Christmas Sing-Along 
A holiday tradition for more than two decades, families gather to get into the spirit of the 
season by joyfully singing along with the Austin Symphony and chorus.
Riverbend Centre, Austin
www.austinsymphony.org

Austin, Texas Music and Theatre Events: July 2013

July 2013

"The Big Sleep" - July, 2, 2013
The Paramount Theatre, Austin
http://www.austintheatre.org/

July 4th Fireworks Spectacular - July 4, 2013Auditorium Shores, Austin
thelongcenter.org/

Freedom 5000 - July 4, 2013Camp Mabry, Austin
http://beta.active.com/austin-tx/running/freedom-5000-2013

July 4th Frontier Days Celebration - July 4, 2013Old Settlers Park, Round Rock
 http://www.roundrocktexas.gov/home/index.asp?page=631

July 4th Celebration - July 4, 2013San Gabriel Park, Georgetown
http://www.georgetownsertoma.org/4thofjuly.htm

"Contemporary Photographic Practice and the Archive"Harry Ransom Center, Austin
http://www.hrc.utexas.edu/

Tedeschi Trucks Band - July 11, 2013ACL Live
http://acl-live.com/

Boney James  - July 12, 2013One World Theatre, Austin
http://www.oneworldtheatre.org

Classic Game Fest  - July 13, 2013Palmer Events Center, Austin

http://www.palmereventscenter.com/

Screenings at the Blanton: "Gerhard Richter Painting" - July 18, 2013
Blanton Museum of Art, Austin
http://www.blantonmuseum.org/

Yellowjackets  - July 20, 2013
One World Theatre, Austin
http://www.oneworldtheatre.org

Mid-Summer Sami Show - July 20, 2013
Palmer Events Center, Austin
 http://www.palmereventscenter.com/

3rd Annual 80's Flashback Festival - July 20, 2013
Villas Music Gardens, Austin

WWE Monday Night RAW - July 22, 2013
University of Texas at Austin: Frank Erwin Center, Austin
http://www.uterwincenter.com/

Nature-Inspired Watercolors Exhibit - July 22, 2013
Lady Bird Johnson Wildflower Center, Austin
http://www.wildflower.org/

Under the Influence of Music Tour: Wiz Khalifa & A$AP Rocky -  
July 25, 2013
Austin360 Amphitheater, Austin
http://austin360amphitheater.com/

Iron & Wine Presents: "A Woman Under the Influence" - July 26, 2013
The Paramount Theatre, Austin
http://www.austintheatre.org/

Firefall - July 26, 2013
One World Theatre, Austin
http://www.oneworldtheatre.org
   
"Test Of Wills" The Fight Against Cancer (MMA Event) - July 27, 2013
North Austin Event Center, Austin
http://www.northaustineventcenter.com/

A Chorus Line - July 24,2013
The Long Center, Austin
http://thelongcenter.org/

A Streetcar Named Desire - July 27,2013
The City Theatre , Austin TX
http://www.citytheatreaustin.org/

Black Sabbath - July 27, 2013
Frank Erwin Center, Austin
http://www.uterwincenter.com/

A Midsummer's Night with the Monkees - July 31, 2013
Long Center for the Performing Arts, Austin
http://thelongcenter.org/

Thank you to our friends at Austin Title for providing this list of Austin area events!