Thank you for visiting our real estate north central Austin market update. These neighborhoods include Northwest Hills, Allendale, Balcones Woods, Great Hills, Jester Estates, Milwood and more. This update focuses on neighborhoods that attend Anderson High School.
Real Estate North Central Austin |Spring 2017
Anderson High Neighborhoods
Anderson High neighborhoods were built from the 1960’s through the 1990’s. These are very mature neighborhoods with tree lined streets.
These are a part of Austin’s core neighborhoods, and they will always have high demand. There has been almost constant remodeling over the years, and updating is just as active today, as new homeowners move in and modernize. One story ranch homes are especially popular today, because they can be opened up and updated in the mid century modern style.
Homes in the Anderson High area can range from about $200,000 to 1,000,000. But most homes are in the 300,000 to 600,000 range. The median home sale in 2016 was $496,500.
Price range – Number of Sales in 2016
$100,000 – 200,000 3
$200,000 – 300,000 76
$300,000 – 400,000 149
$400,000 – 500,000 120
$500,000 – 600,000 111
$600,000 – 700,000 69
$700,000 – 800,000 38
$800,000 – 900,000 16
$900,000 – 1M 8
$1M – 2M 13
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.
North Central Austin Neighborhoods – Months of Inventory
In the Anderson High neighborhoods, homes under $500k have only .66 months of inventory. And, homes over $500k are at 1.9 months. This is a very tight market. Demand is strong for these neighborhoods close to central Austin.
Under $500,000 – .66 months of inventory on market
Over $500,000 – 1.9 months
Call us for help with selling your home, or finding your next home!
Thank you for visiting our real estate north central Austin market update. If you are interested in selling or buying a new home, give us a call. We would love to hear from you. You will have one of Austin’s most experienced teams on your side.
Matthew Hejl – email@example.com
Roselind Hejl – firstname.lastname@example.org
Phone or Text:
Matthew Hejl – 512-297-1040
Roselind Hejl – 512-789-4563
Thank you for joining our real estate north central Austin data review for Spring 2017. Check in for more updates.