As a resident of Meadows of Blackhawk for over five years, I like to keep an eye on the market values here in our neighborhood. When the toll roads opened about a year and a half ago, the prices started trending upward and they continue to appreciate. As a fellow homeowner, this is important to me, too!
Currently, there are 20 homes available in the Meadows, with an average asking price of $218,539. The average square footage for these homes is 2,550, for an average price per square foot of $86.26. This is almost identical to last quarter.
Presently, there are 4 homes under contract in the subdivision, with an average listing price of $201,951, and an average square footage of 2,475, yielding an average price per square foot of $81.60. This is up about $4/sq. ft. from last quarter.
Over the past quarter (January through March 2008), there were 10 sales closed within Meadows of Blackhawk. The average listing price was $230,481 and the average sales price was $228,849. This means that homes sold for approximately 99.3% of the list price (this figure does not account for any closing costs paid by sellers on behalf of home buyers).
The average number of days on the market was 61, which is about 20 days less than the average for the Austin MLS. The square footage of the homes sold averaged 2,840, and the price per square foot for the sales was $82.00, which is roughly a dollar more than last quarter.
In other area news:
Located at the southwest corner of the intersection of the aforementioned toll roads (45 and 130), Stone Hill Town Center is slated to open within a few months, and it promises over 1,000,000 square feet of shopping and entertainment. Home Depot should open very soon, followed by Best Buy, Chili's, several retail clothing stores, a large Cinemark theater, and 24-Hour Fitness. If you would like to see the proposed layout, you can visit the developer's website and see the site plan here:
If you are a consumer living in another area and you are interested in seeing the trends in your particular neighborhood, please don't hesitate to contact me, and I can create a custom report for you. All of my contact information is below.
If you are considering selling your home in the Meadows of Blackhawk (or anywhere in the general Austin area), please feel free to give me a call. I would love the opportunity to help you get it sold quickly. Also, You can visit my primary website at www.austintexashomes.com. You can also reach me anytime on my cell phone at 512-796-7653 or via email at firstname.lastname@example.org. Thanks for checking out this brief analysis!