MarchNewsletter

AustinRealEstateRoundUp
January2016sawAustinhomesalesdip1.9%fromthepreviousyear,
whilehomepricescontinuedtorise.Themedianhomepriceroseto
$254,999,a6.9%increasefromJanuary2015.
AustinsrisinghomepricesstokedaffordabilityfearsforTerryMitchell,
presidentofMonmarkDevelopment.IntheAustinBoardofRealtors
monthlymarketsummary,Mitchellisquotedassaying,Thelackof
affordabilityisaffectingtransportation,economicdevelopmentand
literallythefutureofourcity.Therearesolutions,buttheyrequirea
clearvisionandawillingnesstochange.
Whilerisinghomepricesanddippinghomesalesareworrisomeforthe
healthofthemarket,thismonthsmarketreportalsoincludedacouple
ofstatisticsthatarepositiveindicators.Homesonlyspentanaverage
of56daysonthemarket,an11%decreasefromthepreviousmonth,
andpendingsalesincreased16.6%to2,207.AaronFarmer,president
ofABOR,concludedthemonthlyreportoptimistically,writing,ifwere
goingtosuccessfullyaddressourcityscontinuedaffordabilityissues,
weallneedtoworktogether.Wereexcitedthatseveralbusiness
ownersandcommunityleadersaresteppingupandbringingnew,
tangiblesolutionstothetabletohelpalleviatesomeofthechallenges.

HowLowOilPricesMightAffectTheTexasRealEstateMarket
Lowoilpriceshaveaneffectonresidentialrealestate,albeitonethatcanbeambivalent.Ontheonehand,
fallingoilpricestypicallymeansthatconsumershavemoremoneyintheirpockets,astheyspendlessatthe
pumpandforutilities.Whenpeoplehavelessexpensesandtheyperceivethemselvestobeinabetter
financialsituationtheyaremoreapttoentertherealestatemarketandpaymoreforhomes.Thiswouldcause
homepricestorise.
Ontheotherhand,whenoilpricesfallitalsomeansthattheoilindustryishithard.Wagesaresuppressed,
hiringslows,andpeoplelosetheirjobs.Thisisespeciallytrueincommunitieswhereoilproducingcompanies
aremajoremployers,asisthecasewithmanyTexascities.Thecorrelationbetweenhomepricesandoilprices
inoilindustrycommunitiesisalsosuportedbyhistoricaldataastudybyTruliafoundthathomepricesincities
reliantontheoilindustrygrewnearly3%fasterthanothercitiesduringtheoilboominthe1980s.Itis
reasonabletoexpectthatloweroilpricescouldhaveasuppressingeffectonhomepricesinsuchcommunities.
Intheend,though,oilpricesareonlyoneofthemany,manyfactorsthataffectthemarketforresidentialreal
estate,andmakingpredictionsbasedononlyonefactorcanbefraught.Thisisespeciallythecasewithoil
prices,whichcanhavecontrastingeffectsonthemarket.Formoreinformationaboutthehousingmarketin
yourcommunitypleasegetintouch.

OnTheMarket
Belowarejustafewofthehomesthatarecurrentlyonthemarket.Ifyouseesomethingyoureinterestedin,orifyourecuriousaboutwhatyour
homeisworth,getintouchandIdbehappytohelp.Also,ifyouseesomethingsomeoneyouknowmightbeinterestedinorifknowsomeone
whoisthinkingaboutselling,pleaseletmeknow.Remember,Imnevertoobusyforyourreferrals!

563ChimneyCoveDrive
MarbleFalls,TX78654
$795,000

7113LagoSolCT
Austin,TX78732
$1,366,000

1054WindmillRoad
DrippingSprings,TX78620
$800,000

494ScenicRidgeDr
Spicewood,TX78669
$2,500,000

17020CapriIsleLn
Austin,TX78717
$414,900

411Woodhaven
Ingleside,TX78362
$798,000

11601PelicanBayCV
AustinTX,78732
$535,000

106HornedFrog
HorseshoeBay,TX78657
$750,000

CarlosR.Rodriguez
CarlosPlusRealEstateEqualsAwesome
BHGREBradfieldProperties
5929BalconesDr,Suite300
Austin,TX78731

carlosrodriguez@bradfieldproperties.com
www.bradfieldproperties.com/CarlosRRodriguez

23AppleheadIslandDr
HorseshoeBay,TX78657
$1,600,000

Main:5124200300
Cell:9043475943