You can spot Vada jewelry around the neck of Texan Leon Bridges, on the Instagram of Outdoor Voices founder Ty Haney and inside the local luxury boutique ByGeorge.
Katie Caplener, 31, founded the Austin-based company "kind of by accident" in 2013, she told Austonia. Since then, Vada has become her full-time job, grown its team to four full-time employees and expanded into eyewear. "Austin is such a good place to grow because the quality of life is great," she said.
Caplener moved to Austin in 2012 after graduating from the University of Arkansas. "It was the closest big, fun city that I could escape to post-college," she said. Once in town, she began working at the ByGeorge store on North Lamar Boulevard, starting as a sales associate before moving up to stylist and then building the company's website and breaking into digital marketing, events and branding.
While there, Caplener started selling vintage jewelry from her personal collection and designing her own heirloom pieces, which became Vada's first collection. A local goldsmith made them, and she sold them at ByGeorge. "They did really well," she said.
Caplener's love of vintage jewelry runs deep, like in a generational sense. Vada is named for her maternal grandmother, Vada Joy, and its sensibility is influenced by her paternal grandmother, Dot, whose vintage jewelry she inherited. Dot collected pawn shop gold and would melt it down to create new pieces. "She would probably not call herself a jewelry designer, but I think anyone else would say she was," Caplener said. "Just not for profit."
Caplener's style continues to reflect Dot's influence. "I would dress in really crappy clothes and then put on my grandma's costume jewelry," she said. "That's still my style. I'm pretty casual other than all the gold I like to put on every day."
Now Vada is producing small batch, made-to-order jewelry inspired by vintage pieces. "I like the artisanal side of jewelry," Caplener said. "I don't want it to look like it was printed out of a machine."
Since launching at ByGeorge, Vada has outgrown its initial garage apartment studio as well as a small duplex space on South First Street. Its pieces are designed and produced in an East Austin studio that backs onto the Colorado River. "I try to keep my studios located in places that make it fun to take little breaks and stuff," Caplener said, citing Barton Springs Pool, Lake Travis and McKinney Falls as regular escapes.
Vada's pieces are heirlooms like the ones that inspired them. (Katie Caplener)
Last March, Vada launched an eyewear collection that was designed in Austin and hand-crafted in Japan. At first the timing seemed bad because of the pandemic, which shut down most retailers, but it turned out to be fortuitous, with so many people seeking solace outside. "That part luckily worked out for us," she said.
Nearing a decade in business, Caplener splits her time between Los Angeles and Austin. But her loyalty is undivided. "People from Austin are very loyal to local Austin brands, and they're constantly seeking out brands made here," she said. "I'm pretty loyal to Austin."
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Officials are asking certain residents in Bastrop State Park to evacuate as crews work to put out a “very active fire” that is currently 0% contained.
The Texas A&M Forest Service has responded to help local fire departments with the Rolling Pines Fire at 100 Park Road 1A, which is consuming 300 acres. Residents of Pine Hill Drive, Pine Tree Loop, Linda Lane and Lisa Lane are being asked to evacuate.
Today’s Bastrop Rolling Pines Fire is burning along Power Plant Road towards Lake Bastrop South Shore. pic.twitter.com/YCvJkIAg1u
— BastropCntyTexas OEM (@BastropCntyOEM) January 18, 2022
Aviation resources have been called to assist.
According to the Bastrop County Office of Emergency Management, the wildfire sparked during a prescribed burn that took place today, despite wildfire warnings. Park Road 1C from Harmon Road to Park Road 1A had been closed for the prescribed burn.
The blaze is in the same location as the Bastrop Complex Fire of 2011, which burned for 55 days, killing two people, destroying 34,000 acres and around 1,700 homes and buildings. The fire, which started in 2011, became the most destructive wildfire in Texas at the time.
A hotbed for fires, the Hidden Pines Fire started at the same location in 2015, destroying 4,600 acres and 64 structures.
Some road closures have been put in place at State Highway 21 South Shore Lake Bastrop and East State Highway 21.
This is a developing story and will be updated as information becomes available.
After months of record-setting periods for Austin real estate, the Austin Board of Realtors announced Tuesday that the metro's housing market accounted for over $23 billion of economic activity in 2021, making it the biggest year yet for both home sales and median home prices in the metro.
The Austin-Round Rock MSA saw 41,316 homes sold in 2021, 2.5% more than a record-setting 2020. Median home prices skyrocketed as well, rising 30.8% from 2020 to $450,000. The housing market also saw unprecedented impact on Austin's economy, with sales dollar volume jumping to over $23.38 billion, and more homes hit the market in 2021 than any previous year, increasing by 5.9% to 46,449 total homes listed.
(Austin Board of Realtors)
As many recent Austin homebuyers have experienced firsthand, Austin Board of Realtors 2022 President Cord Shiflet said 2021 was the most "exciting, complicated, fast-paced and record-setting housing market" in Austin's history.
Shiflet dubbed the market as "complicated" for a reason—Austin became a case study on supply and demand in 2021, with demand far outpacing the number of active listings, which dropped by 48.2% to 2,348 homes in 2021.
The metro ended the year with 0.6 months of inventory, a far cry from a "healthy" six-month supply, and houses were snatched at breakneck speeds, spending 25 fewer days on the market when compared to 2020. The average home was on the market for 20 days.
But low inventory is more due to high demand than a stagnant homebuilding market, Mark Sprague, Independence Title's state director of information capital, said in the report.
“In 2021, the record number of homes sold were demand-driven transactions and that demand was influenced greatly by companies continuing to target the region for job creation and expansion," Sprague said. "Even though more homes are being built, listed and sold than ever before, our region is still nowhere close to having a comfortable amount of supply to meet the demand, which is why home prices continue to rise steadily.”
Over 23,000 jobs have been promised by companies across the metro as of December 2021, breaking the 2020 record, according to Opportunity Austin, the economic development arm of the Greater Austin Chamber of Commerce. With an influx of major factories and offices, including Tesla's Giga Texas, Samsung's Taylor plant and a planned 33-floor Facebook office, Sprague said the region's booming market paired with a struggling inventory and supply chain issues could be a double-edged sword in 2022.
"In short, 2022 will see a robust market for home sales and property values, but the region must do more to address inventory, ” Sprague said.
Shiflet recommended that potential homebuyers make a decision ahead of predicted increases in interest rates and home prices and said that he hopes local politicians will continue to prioritize affordable housing in the election year.
Still, Shiflet said a record-breaking housing market reflects Austin's growing reputation as a hub for talent, tech jobs and a good quality of life.
"With all the new jobs across the region from exciting companies like Tesla and Samsung, Austin was put on the world’s stage and captured the hearts and attention of so many," Shiflet said. "We are lucky to call Austin our home when it has so much to offer from a great quality of life to a wonderful destination for innovation and opportunity.”
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