As a resident of the Meadows of Blackhawk for just over six years now, I like to keep an eye on the property values in the area. Ever since the toll roads opened a couple of years ago, demand has been strong despite a rocky real estate market in 2008.
Currently, there are 22 homes available in the Meadows, with an average asking price of $210,576. The average square footage for these homes is 2,450, for an average price per square foot of $87.59.
Presently, there are 5 homes under contract in the subdivision, with an average listing price of $214,754, and an average square footage of 2,912, yielding an average price per square foot of $74.80. This is slightly lower than the quarter before.
Over the past calendar year (January 1st through today), there were 39 sales closed within Meadows of Blackhawk. The average listing price was $217,074 and the average sales price was $210,815. This means that homes sold for approximately 97.1% of the list price. This number does not account for any seller-paid closing costs, nor does it include any price reductions.
The average number of days on the market for the entire year was 78, which is about the same as the average for the entire Austin MLS. The square footage of the homes sold averaged 2,630, and the price per square foot for the sales was $80.97.
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, Verizon Wireless, and Mattress Firm are now open, soon to be followed by Best Buy, Super Target, Chili’s, several retail clothing stores, a large Cinemark theater, 24-Hour Fitness, and much more.
It is my understanding that Target and Best Buy are slated to open in February 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 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 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!