Real Estate Market Westlake Area | Update Spring 2017

Hi, I’m Roselind Hejl and this is a real estate market Westlake area update.  The Westlake area combines many neighborhoods. These include West Lake Hills, Rollingwood, Bee Cave Woods, Lost Creek, Rob Roy, Davenport, Westview, Seven Oaks, Austin Lake Estates, Barton Creek West, Senna Hills and many others.

There is one high school for the Westlake area – Westlake High – which has been rated among the top public high schools in the country.  The school district for the Westlake area is Eanes ISD.

The WL area has a suburban feel spread through scenic hill country.  There are many different kinds of neighborhoods in Westlake – everything from narrow country roads to wide shady streets to gated enclaves.

Homes in the Westlake High area can range from about $300,000 to over $3,000,000.  But most homes were sold between $500K and 2,000,000.   The median home sale in 2016 was $830,000.

Price Range – Number of Sales in 2016

100-200      0

200-300      5

300-400      9

400-500      14

500-600      38

600-700      69

700-800      71

800-900      47

900-1000    28

1000-2000  122

2000-3000  37

3000+         15

Months of Inventory on Market

We use a measurement called “months of inventory on market”.  This is an indicator of how quickly homes are selling.  About 6 months of inventory on market is considered a balanced market.

Westlake Area Months of Inventory 

Under $1,000,000:  Inventory of just 1.9 months.  Strong sellers market.

$1-2M range:  Inventory 3.9 months.

$2-3M range:  Inventory of 7.8 months, which is slightly tipped in favor of buyers.

Over $3M range:  Inventory is at 33 months.  This price segment is a buyer’s market, with lots of choices for buyers.

Call us for help with selling your home, or finding your next home!

Thank you for visiting our real estate market Westlake area update. If you are interested in selling a home, or buying a new home, or finding an investment, give us a call.   We would love to hear from you.  You will have one of Austin’s most experienced teams on your side.

Email:  Matthew Hejl – matthew@weloveaustin.com

Roselind Hejl – roselind@weloveaustin.com

Phone or Text:

Matthew Hejl – 512-297-1040

Roselind Hejl – 512-789-4563