Tag Archives: Austin home prices

Finding the Right Master Planned Community in Austin

Are you looking for a new home in one of Austin’s many master-planned communities? As a Broker/REALTOR® and Owner of Goodwin & Goodwin Real Estate, I can help you find a home that’s best suited to your lifestyle. Whether you’re looking for quick access to riding stables, great golfing and tennis, or sipping wine on your patio, one of the following three communities may be right for you.

The Hills of Bear Creek

Want a competitively-priced home with contemporary style, easy access to Austin’s airport and stables close by? The Hills of Bear Creek could be the answer. You’ll find homes priced from $300K-$400K. Moreover, property taxes are lower than in Austin. This is an 85 home community built by Milestone. It’s located South of Austin in Manchaca, pronounced “man-shack” by locals. Manchaca is about 16 miles from downtown Austin and features great BBQ at Valentino’s.

The Enclave at Covered Bridge

If you’re looking for more of a luxury lifestyle experience and access to the Texas Hill Country, The Enclave at Covered Bridge could be a good choice. The community is located on 290 West which is just a few miles away from the Texas Hill Country. It’s about 25 minutes from downtown Austin. Homes generally start at $450K. I give a big thumbs-up to the builder (Brohn homes) for preserving 18 heritage trees. Additionally, Brohn endeavors to create great Hill Country views and support the natural surroundings.

Rough Hollow

Does a lake-living resort-lifestyle appeal to you? If so, the Rough Hollow Community on Lake Travis may be the answer. Rough Hollow is a large luxury community built along a cove of Lake Travis with six distinct sections. If you love being active, you’ll have lots of choices to do so here.  Highland Village is the community’s private yacht club, water park and more. Additionally, if you love sipping a glass of wine at sunset you’ll find wonderful vistas here. Rough Hollow also feeds into the award-winning Lake Travis School District. I am impressed with Brookfield Builder’s commitment to their core values of passion, integrity, and community which is the foundation for a great community.

In Conclusion: When working with me as your Broker/REALTOR®, you can expect me to listen carefully to your priorities and show you the best homes for your lifestyle so you can enjoy your home for years to come!  Want to see one of these communities or others? I’m ready to help you today!

 

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Filed under Austin, Austin Homes, Austin Real Estate Market, Hill Country, master-planned communities, Real Estate, South Austin

The Price Tag for Austin Real Estate with Country Feel and Urban Amenities

Can you picture yourself sipping a glass of wine (or coffee) on your private back deck as you gaze upon natural beauty like big trees, beautiful sunsets and stunning vistas? Would you love to soak in the peace and quiet of country living yet also have easy access to downtown Austin and lots of amenities? A lifestyle in an urban/rural type community can fulfill you on many levels. You can enjoy beautiful surroundings and wildlife with quick access to amenities like restful spas, first-class shopping, new restaurants and fun Austin events.

With this in mind, I’d like to help you with your home search by giving you information about some of the urban-rural type communities in Austin and their current median sales prices.

South Austin Real Estate

The community of Shady Hollow (Zip Codes 78748 & 78739) is surrounded by amenities and is a relatively short drive to downtown Austin. Residents enjoy backyard privacy and a family-friendly community. Moreover, the large oak trees create canopies, giving the community an enchanting feel. The median home prices in Shady Hollow is $384,700. Homes values are predicted to continue rising in 2018.

The town of Buda (78610) is about 15 miles south of Austin. Additionally, it’s one of the fastest growing communities south of Austin. Buda’s proximity to downtown Austin and the Bergstrom International Airport coupled with affordability contribute to its appeal. Home values increased approximately 3.8% over the past year (2017) and are predicted to rise over the next year.  The median price of homes currently listed in Buda is $310,000.

A few miles west of Buda you’ll find the subdivision of Hays Country Oaks. You’ll find homesites with 1.5 to over 7 acres. Prices range from the lower 300’s up to over 1M. Some properties include pastures, stalls, and sheds. In other words, Hays County Oaks provides a true country lifestyle.

I’m currently selling two treed lots in South Austin. One lot is in Buda with a little over an acre of land (MLS #8763733). The second lot is closer to downtown Austin with over .8 of land (MLS #8506921). You can find out more about both lots here: My Lots for Sale

Southwest Austin Real Estate

You’ll find a variety of new and older communities as you drive West on Highway 71. The newer master-planned communities tend to have average size lots (less than .5 of an acre.) With that in mind, they frequently compensate for lot size by offering appealing amenities. For example, master-planned community of Sweetwater (78738) boosts a resort-lifestyle. You’ll have access to the Sweetwater Club, a 10-acre complex full of pools and party spaces, yoga classes and special activities. Moreover, you can explore over 700 acres of hiking and biking trails. Families are attracted to Sweetwater because it’s in the highly-rated Lake Travis School District.  The median home price in Sweetwater is currently $539,000. Personally, I think it’s poised to become one of the most desirable neighborhoods in the area.

Lakeway (78734, 78738) was built around the Lakeway Resort and Spa in the 1970’s. It rests among beautiful rolling hills on the shores of Lake Travis. Years ago I thought of Lakeway as “far-away.” Not so today.  It’s easy to get out there due to the addition of more lanes on Highway 71. You’ll find mature oak trees and incredible views of both the lake and countryside here. Additionally, the schools are well-rated and in the Lake Travis Independent School District. The drive from Lakeway to downtown Austin takes about 30 minutes in non-peak hours. The median price of homes currently listed in Lakeway is $577,450.

Northern Austin Real Estate

Cypress Acres (78641). The subdivision of Cypress Acres is a quiet, lakeside community on the northeast end of Lake Travis. It’s built in the city of Leander, which is growing suburb. To me, this part of the lake feels more rural than the Lakeway community. You’ll find a diverse mix of home styles – from 70’s chic to new construction. The median price of homes currently listed here is $316,990.

I currently have a great waterfront home for sale in Cypress Acres.  You can find out more here: My Waterfront Home for Sale

Anderson Mill/Cedar Park (78750, 78613, 78750). Cedar Park is one of the 20 fastest growing cities in Texas. Its proliferation of parks together with walking trails make it both family and dog-friendly. Cedar Park’s location provides ample opportunities to attend concerts, events, and other experience in downtown Austin area. Overall, you’ll find a mixture of homes built in the early 80’s as well as newer, master-planned communities. The median home price is currently $307,990.

Note: Northwest Austin is very attractive because of shopping, restaurants, hotels and proximity to several high-tech companies. It continues to attact new residents which means more traffic. The commute to downtown can take 45 minutes during peak weekday hours.

Central Austin, the closest country-feel to downtown Austin

West Lake Hills and Rollingwood (78746)  are communities widely known for stunning luxury homes to say nothing of the dramatic landscape, wildlife and desirable location. You’ll find small-town charm along with the convenience of easy access to downtown Austin. A friend and former West Lake resident told me she used to hand-feed deer outside her front door, take her dogs for a walk around the lake less than five minutes away and be in downtown Austin in less than 10 minutes.

The neighborhood grew up in the 1970’s and 1980’s on some of Austin’s most exclusive real estate. These communities are centrally located just minutes from downtown Austin and close to many highways that make traveling anywhere in the city a breeze. You can easily access the Barton Creek Wilderness Park, Red Bud Isle, the Barton Creek Greenbelt, Zilker Park, and the Lions Municipal Golf Course. Additionally, the award-winning Eanes ISD is a top draw for families.

Needless to say, the price tags for these coveted homes are some of the highest in Austin.  The median selling price in Westlake and Rollingwood is 1.3M.

In Conclusion

Although this is a relatively small list of neighborhoods, it can give you a lot to think about. Maybe you’re just starting your search or maybe you’re a little further along with. Regardless of where you are in the process, I can help.

If you want more information about:

  • Price per square foot in different areas
  • Future road improvements and development
  • How to find the best deals in the Austin market
  • And more!

I am available anytime to talk with you and help you succeed in finding your dream home!

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Filed under Austin, Austin Homes, Austin Real Estate Market, Hill Country, Real Estate

Austin Population Increase – Austin Home Price Increase

Austin MSA populationI’ve had buyers ask me how much to offer on houses lately, and that has become a difficult question.  It used to be so easy.  You look at the list price, look at comparable sales, think about houses you’ve seen and sold in the past months, and make a recommendation.  Now, though, with so many buyers out there and so few houses for sale, buyers are offering $5K, $10K, $15K, sometimes even $25K over list price!!  What buyer is willing to do that?  The buyer who has made an offer on six other houses and was beat by other buyers, that’s who.  The buyer who has a strong desire and strong motivation to actually buy a house in his/her favorite neighborhood.  For those buyers just checking out the market and getting a feel for things, this may seem crazy.  But once you swim in the waters of the seller’s market, you’ll get to the point where you are ready to get out and if it means offering $25K above list price to do so, ok then!  There’s a certain price range for each area/neighborhood that creates this whirlpool effect, and when you get above that price range for that neighborhood/area, you are in calmer waters.  Now, for the other question I’m asked these days… When will this craziness stop?  Well, look at the graph I’ve inserted here.  Our population is growing, and the builders are building as fast as they can, but we still have a shortage of inventory.  It isn’t going to replenish overnight, so this crazy market is likely to continue for a year or more, in my opinion.

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Sellers Pushing the Limit on Pricing in Austin

Scotia BluffWith our inventory being so low, I get really excited when I see a new listing that closely matches what a client is looking for.  Yesterday a new home in SW Austin popped up for sale. It looked really promising for one of my clients.  And the price of $284,900 was within the range, too, which has been a challenge lately.  I went to preview the house, and shortly after I called my client to tell her she needed to see the house soon, the price went up $15,000!!  Did the seller get a bunch of calls on the listing?  Were there several showings within the first few hours?  Did the seller just decide that they’d put the bait out and then switch the price?  I’ve rarely seen a $15K price increase the same day a house is listed. This is just another sign of the tight real estate market in Austin.  Another sign is that the seller feels so confident the house will sell, he didn’t bother to get nice photos.  I’m seeing more and more poor quality photos on listings, because the houses will sell anyway. And, my inbox is full of emails enticing me to bring my buyers to view homes “Pre-MLS”.  All this frenzy can really cause some anxiety among buyers (and agents!).  I’m looking forward to a quiet evening, then back to the whirlpool of homes sales activity again in the morning!  I’m waiting to see if this home sells quickly, or if buyers are turned off by the $15K price increase/bait and switch tactic.

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$300 Per Square Foot in 78704

I remember not too many years ago thinking $200/sq ft was a really high price found in neighborhoods closer to downtown Austin.  Now I have to change my thinking.  Today $400/sq ft is high, and $250/sq ft is about average in the 78704 zip code just south of Lady Bird Lake.  Of the 216 homes sales during the last six months in 78704, almost half of those were $250/sq ft or higher, and 38 sales were $300/sq ft or higher.  Of course, some of the homes are still very small, but certainly not all.  During the last six months, prices in 78704 have ranged from roughly $200K to over $1M.  If you’re looking for something perhaps just a little below average pricewise, but not below average condition, you might like this nice condo at 3607 Clawson, #B, listed for a mere $310,000, or $200/sq ft (listed by Keller Williams).  At 1544 sq feet, it is a little smaller than the average home size of about 1800 sq ft in this area.  While it is a condo, there are no condo fees, which make it all the more attractive since a typical condo fee is upwards of $200/month.  Overall, this 2 bedroom home is bright, charming, fenced (great for smaller pets) and nicely decorated with granite counters, stained concrete floors and nice paint colors.  A little bit of paint touch up is needed, and possible carpet replacement due to kitty’s wear and tear.  For further details about the 78704 area, contact Vikki Goodwin, Broker, 512-426-9090.

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