Northwest Austin: Spicewood Elementary Home Search and Market Data
Spicewood-RRISD-Market-Data-20100126.doc
The Real Estate Market in Northwest Austin is holding steady. If you live in, or want to live in the Spicewood Elementary Attendance Boundaries, this data is for YOU!
Scroll down to the bottom for a customized home search for this area.
Most homeowners I speak with want to know what their home is worth, and how the market is doing relative to past years. If you’ve been wondering the same thing, please take a look at the market data for the local area in the charts below.
This data is for the homes that are within the 2009-2010 Spicewood Elementary School, Canyon Vista Middle School and Westwood High School (all three) attendance boundaries, including these subdivisions: Anderson Mill Estates, Arboretum Park (the new development behind the new small business strip near the southwest corner of Anderson Mill and 183), Balcones Village, The Enclave, Villages of Spicewood, Estates of Brentwood, Laurel Canyon, Spicewood At Balcones Villages, Spicewood At Bull Creek, Spicewood Estates, Tanglewood Estates and Whitney Oaks.
I selected data specifically for these subdivisions because so many of the people that move into this area are interested in these schools. School quality impacts the value of homes within the attendance boundaries, whether or not the owners have children that attend them.
As of January 27th, 2010, this area had 33 homes for sale. The following table summaries this data:
| Square Feet | Listing Price | Listing Price per Square Foot | Days on the Market | |
|---|---|---|---|---|
| Highest | 4,660 | $949,900 | $203.84 | 198 |
| Lowest | 1,150 | $217,365 | $97.94 | 4 |
| Average | 2,712 | $383,183 | $146.05 | 85 |
Over the last three years, the volume of homes sold in this area has remained relatively constant, and the selling price per square foot for 2009 is comparable to 2007, at just under $133. The average days on the market rose from 31 days in 2007 to 65 days in 2009.
When you look at the chart below, please note that the average size home sold in 2009 was just over 200 square feet smaller than the average home sold in 2007, so although it appears that prices have dropped (average selling price per square foot), the price per square foot has actually risen slightly:
| Average: | 2007 | 2008 | 2009 |
|---|---|---|---|
| Number of Homes Sold | 111 | 105 | 106 |
| Days on the Market | 31 | 55 | 65 |
| Selling Price per Square Foot | $132.87 | $138.81 | $132.92 |
| Listing Price | $396,685 | $404,348 | $370,276 |
| Selling Price | $390,794 | $393,167 | $358,352 |
| Square Feet | 2,933 | 2,832 | 2,706 |
Specifically for the homes that have sold in Spicewood Estates, it is interesting to see that the average price per square foot has increased by over $6 (5%) since 2007, to almost $131:
| Average: | 2007 | 2008 | 2009 |
|---|---|---|---|
| Number of Homes Sold | 11 | 12 | 14 |
| Days on the Market | 31 | 32 | 59 |
| Selling Price per Square Foot | $124.45 | $136.79 | $130.72 |
| Listing Price | $347,764 | $360,267 | $364,229 |
| Selling Price | $341,864 | $354,892 | $352,204 |
| Square Feet | 2,764 | 2,602 | 2,700 |
If you have been thinking of selling your home, or just want to talk about the neighborhood or the local market, I would love to speak with you! Do you know someone who would love to move into the area and needs an agent familiar with the local market, and why this area is FABULOUS?
Let’s talk!
Please note that the following home search has been customized to show only homes that are listed as being within the Spicewood Elementary Attendance Boundaries. If you want to search ANY/ALL homes for sale in the Austin Area, please visit this FABULOUS HOME SEARCH PAGE!!
