Sonoma is a terrific neighborhood located in east Round Rock, just off Gattis School Road. With two theme pools, two lakes, and a playground area, Sonoma is also located adjacent to the Round Rock hike-and-bike trail system. It was awarded the prestigious MAX Award for “Best Overall Community” a few years ago.
Currently, there are 36 homes available on the MLS in Sonoma, with an average asking price of $250,730. The average square footage for these homes is 2,791, for an average price per square foot of $90.54. This is a drop of about $2/square foot from the previous quarter, and about $8 less than the first quarter of 2008.
Presently, there are 5 homes under contract in the subdivision, with an average listing price of $226,550 and an average square footage of 2,576, yielding an average price per square foot of $87.94. This is about a dollar less than the previous quarter. One thing worth mentioning is the fact that one of the homes under contract is quite a bit more expensive (at $320,000), and the other four homes average $203,000.
Over the past three months (June through August 2008), there were 13 sales closed within Sonoma. The average listing price was $251,282 and the average sales price was $241,286. This means that homes sold for approximately 96% of the list price. The average number of days on the market was 83, which slightly more than the overall Austin area average. The square footage of the homes sold averaged 2,841, and the price per square foot for the sales was $85.63. This is a decrease of about $5/sq. ft. since the first quarter of the year.
In other area news:
About five minutes from Sonoma, located at the southwest corner of the intersection of the two major 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. The developers are estimating that it will open in March 2009.
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 or Round Rock 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 Sonoma (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 Round Rock 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!