As a six-year resident of the Blackhawk area and a 13-year resident of Pflugerville, I like to keep an eye on the market values here in the area. When the toll roads opened about a year ago, the prices started trending upward and they have continued to appreciate overall, although more slowly right now, with some tough economic factors at play. As a fellow homeowner in Blackhawk, this stuff is important to me, too!
Currently, there are 17 resale homes available on the MLS in the Fairways, with an average asking price of $256,210. The average square footage for these homes is 2,834, for an average price per square foot of $92.17. This is a couple of dollars higher than the previous quarter.
Presently, there are 5 homes under contract in the subdivision, with an average listing price of $231,105 and an average square footage of 2,507, yielding an average price per square foot of $92.18.
Over the past three months (June through August 2008), there were only 2 sales closed within the Fairways of Blackhawk. Averages don’t mean a whole lot when there are only two numbers to deal with, but one of them sold in the $280’s, and the other one was in the mid-$230’s.
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 is now open, soon to be followed by Best Buy, Chili’s, several retail clothing stores, a large Cinemark theater, 24-Hour Fitness, and much more.
To read more details about this center and to see a list of stores and restaurants, check out my recent article here:
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 around Austin 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 Fairways 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. You can visit my primary Austin real estate website at www.austintexashomes.com. You can also reach me anytime on my cell phone at 512-796-7653 or via email at email@example.com. Thanks for checking out this brief analysis!