Falcon Pointe is a 700-acre master-planned community in the fast-growing Pflugerville area. As the largest master-planned community in Pflugerville, Falcon Pointe offers homes priced from the $170,000s to $300,000s by leading builders, along with a popular Residents’ Club, parks and greenbelt trails. Falcon Pointe is home to three on-site schools, all part of the highly acclaimed Pflugerville Independent School District.
Currently, there are 35 new and resale homes available in the Austin MLS in the Falcon Pointe area, with an average asking price of $257,481. The average square footage for these homes is 2,967, for an average price per square foot of $88.01.
Presently, there are 4 homes under contract in the subdivision, with an average listing price of $208,280, and an average square footage of 2,193, yielding an average price per square foot of $95.40. It should be noted that one of the sales was at $155,000, which brought down the average considerably.
Over the past quarter (September through December 2007), there were 9 sales closed within Falcon Pointe. The average listing price was $243,892 and the average sales price was $227,373 (93.2% of asking). The average size was 2744 s.f., which put the average price per square foot at $84.00 with the average days on market running at 73 days (slightly more than the overall Austin market).
I have noticed a trend toward larger homes in Falcon Pointe lately, with several homes over 4500 square feet under construction presently. These are priced in the mid-to-high $300’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 already 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 Falcon Pointe (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 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!