Steiner Ranch is an established, and still developing neighborhood located in the northwestern section of Austin, just under 12 miles northwest of Downtown. The neighborhood is composed mostly of detached single family tract homes, semi-custom, and custom homes ranging in size from 1,500 square feet to 8,000+- square feet of good-to-excellent quality in terms of construction, and design. Most homes have masonry (brick or limestone) on all four sides, which adds to the character and appeal of the area. The neighborhood boasts a resort-like lifestyle, panoramic hill country and lake views as well as good access to support facilities and employment centers.
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Points of interest include The University of Texas Golf Club, and Lake Travis.
The typical commute to downtown Austin is approximately 45 minutes.
Steiner Ranch Schools:
Steiner Ranch Elementary
4001 Quinlan Park Rd
Austin, TX 78732
512-570-5700
Laura Welch Bush Elementary
12600 Country Trails
Austin, TX 78732
512-570-6100
Canyon Ridge Middle School
12601 Country Trails
Austin, TX 78732
512-570-3500
Cedar Park High School
2150 Cypress Creek
Cedar Park, TX 78613
512-570-1200
River Ridge Elementary
12900 Tierra Grande Trail
Austin, TX 78732
512-570-7300
Vandegrift High School
9700 McNeil Drive
Austin, TX 78750
512-570-2300
Market activity over the last two years for the same period starting 02/10/2008 – 02/10/2009 (Exhibit A), and 02/10/2009 – 02/10/2010 (Exhibit B) shows an increase in the number of homes brought to market, and a somewhat similar number of sold homes when considering the number of pending sales for the current period.
Exhibit A shows the 02/10/2008 – 02/10/2009 transaction period with:
- Median Listing Price of $393,263
- Median Selling Price of $366,800 with a Sale Price to List Price Ratio of 96.6%
- Median Marketing Time of 65 Days
Exhibit B shows the 02/10/2009 – 02/10/2010 transaction period with:
- Median Listing Price of $375,000
- Median Selling Price of $359,500 with a Sale Price to List Price Ratio of 96%
- Median Marketing Time of 73 Days
Overall data indicates a slight decline of 2% in the Median Selling Price, a 4.6% decline in the Median Listing Price, and a slight increase in the median marketing time from 65 to 73 days over the periods reported herein.
All data provided herein was obtained from the Austin Board of Realtors MLS, it is deemed to be reliable, and accurate; however, it is not guaranteed by the author. This article is only intended to serve as general market information for the above mentioned community, and only for the above mentioned periods as the market is always changing. If you are a lender, a real estate professional, or a home owner and would like an accurate appraisal of a specific home, it is advised that you contact a professional.
February 10, 2010
Orlando Masis, Texas Certified Residential Appraiser Appraisal IQ
Alison Shuman, Texas Licensed Real Estate Salesperson FindRealAustin.com
Orlando Masis is a Certified Residential Appraiser in the State of Texas specializing in the appraisal of single family homes, condominiums, vacant land, ranches, high end homes, construction appraisals, lake front homes, and small income producing 2-4 units (duplexes, triplexes, and quadruplexes) in Travis, Williamson, Bastrop, Caldwell, and Hays Counties. He’s also the founder of Appraisal IQ, and can be contacted either by phone at (512) 541-2107 or e-mail at info@theappraisaliq.com
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