KW Blessing

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What areas should I consider for my home purchase in Austin, TX?

Clients ask me all the time about what areas they should consider for their home purchase.

I like to answer this question with a question. What is most important to you in your home purchase?  Most people get caught up in the size of the backyard or number of bedrooms. I'm amazed at how many people forget to consider the investment aspect of their purchase.

One of my most important jobs as your real estate agent is to help you make a smart investment in your home.

I've run some numbers (see below) for appreciation trends in Austin and the surrounding areas. These are the types of numbers you need to see before you decide where to purchase your home. Once you decide the city, I will run these numbers for the zip code and for the specific neighborhood that you are considering.

 

 Appreciation Trends in Austin and the Surrounding Areas

Year - average Sold Price - Average sold $/SF for a 1-story 3/2 home


Austin
2000 - $154,616 - $95.04/SF
2005 - $177,939 - $110.15/SF
2010 - $216,317 - $130.33/SF

(10 year – 40% increase)

 

Buda
2000 - $129,837 - $123.33/SF
2005 - $149,368 - $86.23/SF
2010 - $160,471 - $94.24/SF

 (10 year – 24% increase)


Georgetown

2000 - $142,670 - $82.58/SF

2005 - $163,047 - $90.24/SF

2010 - $183,224 - $100.79/SF

 (10 year – 28% increase)

 

Cedar Park

2000 - $125,041 - $78.26/SF

2005 - $143.717 - $84.50/SF

2010 - $174,344 - $98.67/SF

 (10 year – 39% increase)

 

Lakeway

2000 - $211,807 - $112.73/SF

2005 - $238,191 - $119.43/SF

2010 - $248,803 - $129.47/SF

 (10 year – 17% increase)

 

Manor

2000 - $121,123 - $46.46/SF

2005 - $130,571 - $84.07/SF

2010 - $101,619 - $67.69/SF

 (10 year – 16% decrease)

 

Most people I show this chart too are surprised to see that Austin and Cedar Park appreciation trends are very similar. And that all cities on the list (except Manor) experienced positive gain. This is also a great chart to study price point, since it shows the average sold price in a city. This will help a client in the $200K range see that they will be able to find an above average home in Cedar Park with the same positive growth trends as finding a below average home in Austin.

Thanks for reading and happy house hunting!

Laura Ivy Blessing blogs about the Austin and Cedar Park known and lesser known happenings with a splash of real estate savvy for today's buyers and sellers. Please call her today to consult and advise you through your next real estate transaction.

 

 

Comment balloon 1 commentLaura Ivy Blessing 512-789-5087 • October 11 2012 06:10AM

Comments

Hi Laura,

Looks like you have the area covered......great information.

Posted by Daniel J. Brudnok, REALTOR, SRES, e-PRO,ABR,GREEN,CSP (Berkshire Hathaway Home Services Fox & Roach, REALTORS - Exton - PA License #RS-225179-L / Delaware License #RS-0025038) almost 8 years ago

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