Susan Avant, Realtor

It's back, the amazing SXSW Film and Music Festival. When spring break comes to Austin and all the students leave for the beach or the ski slopes, the movers and shakers in the music and film biz, along with fans from all over, head to the Capitol City for SXSW (South by Southwest).

In its' 24th year, the music festival showcases nearly 2000 musical acts with 80 stages, spanning the musical spectrum from alternative and electronic to rock, pop, latin and country. There is something for everyone and many popular performers got their start here at SXSW, think Red Hot Chili Peppers and Los Lonely Boys.

In 1994 SXSW added the Film and Interactive to the line up, usually starting in the days just before the music. 2007 highlighted Elvis and Annabelle, 2010 has The Hurt Locker.

Although finding a place to stay can be challenging and getting around is easiest on foot, (there are shuttles set up just for the festival) it is well worth the trip. It's best to get a reservation well in advance at area hotels, or find one of the many residents in Austin willing to rent their home/condo out for the week.

If you missed it this year, start making your reservations for 2011, it will be the 25th Anniversary and I can only imagine the celebrations being planned.

For something a bit different, check out the Star of Texas Rodeo, held at the fairgrounds. In addition to bull riding, roping and children's activities (petting zoo, pony rides) this years musical lineup features acts from the Doobie Brothers to Lady Antebellum to Kevin Fowler.

For a break on Sunday the 14th, pick up something to eat at one of the food trailers on S. 1st Street or S. Congress then head to the Zilker Park Kite Festival. Kites will be up and flying from 10-5.

Keep Austin Weird! www.sxsw.com www.rodeoaustin.com

Often when I meet clients who are new to Austin we spend at least part of the day driving around to get a feel for the city. They ask me for a "tour" and want to know my favorite places, things to do, etc.

The tour is easy, my favorite things are a challenge, there are so many! Do they want to know my favorite places to eat? shop? my favorite art venues? sports teams? What about parks? hiking? biking? So to bring an end to a decade and welcome in the next I have decided to tackle a few of my favorite things each month and paint a picture of my favorite city, Austin. Here goes...

As anyone who is familiar with life in Texas knows, football is like a religion. We eat, drink and breathe the game at all levels. Football begins in school in the seventh grade, (flag & pop warner are earlier). But it really takes hold in high school. Fridays in the fall consist of pep rallys, tailgating and games. Stadiums are packed throughout the State and Austin is no exception. Many of the teams in Central Texas go to State playoffs and my "home" team is no exception.


I live in the Eanes school district---home of the Westlake Chaparrals. The Chaps are a 5A school and consistently compete for a State Title. Once the regular season has ended "Going to State" means playing football every weekend (hopefully) until just before Christmas. This year the Chaps made it all the way to the final game, playing December 19th at the Alamo Bowl. They have played there so often it's like a second home field. Unfortunately they lost, in OT to Euless, a team outside of Dallas.
One of the things that makes Friday nights so much fun is the community involvement. Everyone gets behind the team (and the band, and the hyline, and the cheerleaders, and the technical crew....) Red & blue bows are tied on trees, antennas and even the stop signs. The local businesses post messages on the signs outside their doors and local nursery, Pots and Plants, lets the parents paint its trademark flamingos Chaparral blue and red.

And then there is college football, and the University of Texas, down the road a few short miles. Friday night colors change to burnt orange on Saturday mornings as the locals cheer their Longhorns to victory (and the National Championship game at the Rose Bowl on January 7th).

Living in Eanes is like living in a small town with all the amenities of the big city. Neighbors know each other, local businesses remember your name and the schools bring the community together. It's a wonderful place to raise children. I have a son and a daughter who went through Eanes Elementary, Hill Country Middle School and graduated from Westlake High School. They left the state for college, but still enjoy coming home and seeing their friends, many whom they have known their entire life.

There are many different neighborhoods in Eanes, something for everyone. Small homes, large homes, condos, old or new they all have their own hill country personality. And there are many similar communities in the Austin area. All with their own neighborhood identities. So if you or someone you know is looking to make a move, please think of me first, I would like to be your agent.

For those of you who missed the Austin Business Journal's article September 15th, recovery is just around the corner for the Capitol City. The article cited a report from IHS Global Insight which stated that "the first two U.S. cities to recover from the recession will be Austin and San Antonio (2010)." Dallas-Fort Worth and Houston are in the group expected to bounce back in 2011.

It's another report stating that Austin is surviving this recession better than most of the country. But what does this mean for our real estate market? Ask your neighbor who has had their home on the market for the better part of the last year, and I doubt they will tell you things are looking up. Their home has probably been on the market for months, and they have been adjusting their price as the market has dictated. Adding insult to injury, many sellers have received offers so far below market value that they have refused to respond.

But the truth is that while the Austin market has declined in the past year, the Austin Board of Realtors just reported that although home sales in August were down 10% from August 2008 there was only a 4% decrease in price. Sellers are willing to have their homes on the market longer and wait out the decline rather than accept an unreasonable offer. For instance a house that would have sold for $1,300,000 last August would sell for $1,248,000 today. And while luxury properties are taking longer to sell and inventory is still high, the percent of price decline is still between 4 and 5 percent.

So the question surfaces, why leave a house on the market allowing it to accumulate a high number of "days on the market"? Simple answer, buyers are still buying (90% is a healthy number) and if the house is off the market a showing and possible sale may be missed. Of course there are hip pocket listings and silent listings, especially in the luxury market (I admit I have one), but it is impossible to market to all agents at all times any more efficiently than through the MLS system. And most sellers are savvy enough to understand the power of this network.

Now there are still a few uninformed buyers/agents focused on "days on the market" who are under the assumption that most sellers are in dire straights and are willing to discount their homes, but many buyers/agents are noticing that Austin's housing market may be at its' lowest point and now is the time to buy. Low interest rates are also enticing buyers to get under contract.

So hang in there sellers, as frustrating it may seem right now, your buyer is nearby. While I don't think we will see a boom in real estate sales in 2010, I do think that we will continue to see a steady strengthening of the market.

Monday, August 24, 2009

Approved by the Austin City Council, the Energy Conservation Audit and Disclosure (ECAD) ordinance became effective on June 1st. Currently the ordinance applies only to properties within the city limits of Austin who receive electricity from Austin Energy, but it is sure to expand throughout the county in the coming years.

What does this mean for a homeowner considering putting their home on the market? A homeowner must get the audit before the sale of their home. There are no requirements to fix/upgrade any of the deficiencies, it is for information only. But beware, while the auditors need to meet the City's certification requirements, and perform a specific audit, there is not yet a standard for pricing. Be sure to get two or three quotes before you hire an auditor.

Many of the auditors may also be service providers for the needed energy-efficiency improvements. Before they do the audit, let them know you will not be hiring them to do any needed improvements, it is best to hire a provider that is neutral to the transaction.

So, does your house need an energy audit? There are many exceptions. If your home is less than 10 years old or has received energy-efficiency improvements or a total of $500 in rebates through the Austin Energy Home Performance with Energy Star (R) Program within 10 years of the sale your home is exempt.

Other exemptions include condominiums, mobile/manufactured homes, foreclosures, pre-foreclosures, trustee or deed sales, gifts within families, court order, probate, decree of legal separation or divorce. A homeowner can go to the website (below) and do an ECAD Audit Self-Check to see if your home qualifies for an exemption.

What does the ECAD tell an owner about their home? Among other things, the audit measures air leakage from ducts, R-value and efficiency of attic insulation and heating and cooling efficiency. The audit also identifies windows which are receiving at least one hour of sun per day.

While the ordinance doesn't apply to many homeowners in the Austin metro area, the idea of making repairs/upgrades to our homes while we still live in them is a good thing to consider. When the need for a new HVAC system, or refrigerator arises, be sure they are Energy Star (R) rated. Replace the old water heater with a tankless one, or re-insulate your attic, done over a period of time, when needed, these improvements will make the eventual sale of your home smoother.

My suggestion to anyone (inside or out of the Austin city limits), thinking of selling their home is to go ahead an get an energy audit. You may be able to upgrade some of the smaller deficiencies in your home and you will have the information ready to give to potential buyers from the beginning. Many buyers outside the city limits are asking for an audit to be performed as part of the contract, and will be pleased to know that you have been proactive.


Please feel free to contact me for names of approved energy auditors, with questions about the ECAD, or for help buying or selling your home.

For more information about Austin's ECAD ordinance http://www.austinenergy.com/About%20Us/Environmental%20Initiatives/ordinance/index.htm

As a child of the 60's & 70's growing up in California I am a product of the original "Green" movement: "Save Our Coastline", "Save the Whales" "Ecology Day" , etc. Social movements and peace movements were the way in which young idealists got out the word, protesting everything from war and nuclear weapons to deforestation and the need for cleaner national and local parks. It was the birth of Earth Day and many conservation groups, most notably Greenpeace.


We thought we were conservationists, but I think most of us were more into the idea of the cause rather than the practice of conservation. We spent designated days cleaning up the beach, the road, the water but never really stopped using the products causing the problems. It was about being heard, protesting, bringing attention to the problem, not finding a long lasting or "Sustainable" solution.


What's new is old. We are "Green" again, but now it's more mainstream to have solar energy or to use biodegradable products. Instead of strictly conserving or not using resources, we are balancing the use of these products with our lifestyles. We are becoming Sustainable.



Sustainability is defined as "the ability to satisfy the basic needs of today without compromising the ability of future generations to satisfy their needs.(1)" This is often defined as people, planet, and prosperity. It's no longer an all or nothing solution, it's about using and reusing what best suits our individual lifestyles.



We want "green" homes, but what does that mean? Is it enough to have energy efficient appliances and windows? For some it is, but others may need rainwater collection systems and xeriscaped lots. Or do you want all the building material in your home locally harvested? Maybe you just want low VOC paint and no carpet, there is no wrong answer.



We can be as much or as little "green" as we want and it's okay. The options and sources are out there, it's just a matter of education and practice. So if you are ready to start "greening" your life take baby steps. Start with grocery sacks or recycled paper, change out your light bulbs or toilets. For a list of Green resources go to my website under Reports and click on Central Texas Green Resource Guide. (http://www.susanavant.com/)





(1) United Nations "Our Common Future, Report of the World Commission on Environment and Development," 1987. Published as Annex to General Assembly document A/42/427.