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Gracywoods Housing Market Trends

Real Estate Market Trends For: Gracywoods


Introduction: Our Austin real estate appraisers commonly work in Gracywoods! Gracywoods is an older neighborhood conveniently located in North Austin. It is situated between Metric and Braker Lane and Walnut Creek to the North. The area is named after the Gracy Family who, before selling off parcels for development, owned a large farm at the location.

The majority of the homes in Gracywoods were constructed in the early to mid 1980s. The neighborhood is mostly single-family residences but there are few multi-family complexes, condos and apartment buildings in the area.

It’s close proximity to the Domain and Arbor Walk shopping centers have helped to raise the neighborhood’s desirability over the last few years. And although there is no mandatory homeowner’s association, the voluntary HOA is very strong in the community.

Inventory and Sales: The last 18 months have seen strong demand for homes in the area. Inventory has remained below 1 month while days on market average less than two weeks for accurately priced homes. With the strong demand values are on the rise and List Price to Sale price ratios have maintained a better than 99.6% ratio – indicating many homes are receiving bids over list price.

Distressed Sales and Listings: Foreclosure and short sale properties have not been a factor in the market over the past year. Strong demand means any homeowners having difficulty keeping up with their mortgage have several options for selling to investors before foreclosing.

New Homes and Construction: Most of the original Gracywoods lots are already developed so new construction is not a factor in the area.

Overall Market Conditions: Overall the market is strong with median home values increasing 14.5% over the last twelve months. While I’m predicting that this year will not see the same increase in values as the previous, there will still be some appreciation as the demand for housing in Austin will continue to be strong throughout 2014.

Click Here to Download the Report

This report was created utilizing data from the Austin MLS system, as input by local Austin Realtors. This report should be considered a “Macro View” of the market. Only single family housing trends have been analyzed and while they represent the majority of real estate sales in the market area, this report should not be considered all encompassing. If you would like a more precise analysis of a specific segment within this market area, feel free to give us a call!

 

 

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Austin neighborhoods we appraise

We provide real estate appraisals and related services to the following cities, towns and communities across the Austin metro area. We cover a large portion of Central Texas - if you don't see your area below, please call to confirm with one of our friendly staff.

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Anderson Mill | Bee Cave | Briafclif | Brushy Creek | Buda | Cedar Park | Creedmoor | Del Valle | Elgin | Georgetown | Hays | Hutto | Jollyville |
Jonestown | Kyle | Lago Vista | Lakeway | Leander | Manor | Mustang Ridge | Pflugerville | Point Venture | Rollingwood | Round Rock |
San Leanna | Shady Hollow | Sunset Valley | Webberville | Wells Branch | West Lake Hills

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Austin Property appraisal services

We stand behind our work and our customers have nothing but great things to say. Here are a few examples:

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Real Estate Appraisals Austin
4.8
Based on 45 reviews
Ed came out on short notice to measure a new home I was in the process of purchasing. He was professional and honest in his work. I found him online and it was not through my lender. I wanted an independent appraiser since the lender was connected to my builder. Definitely will use him again if I ever needed to. I was a first time home buyer and he was fair to me and helpful. Thank Ed!
Jennifer Nguyen
Jennifer Nguyen
The realtor that came out was very professional and thorough. I would recommend this service.
Nancy Crow
Nancy Crow
This company is contracted to my mortgage company for market appraisals to remove PMI. They contacted me right away and had the whole thing turned around in less than a week. Appreciate the speed and the quality of the service and would definitely recommend.
Jeanna Kozak
Jeanna Kozak
I was able to schedule an appraisal just two days after contacting the company. Likely this was a fluke, but it worked well for me! Our appraiser was a bit late, but that was the fault of the previous appointment. Once he arrived, he listened to everything we pointed out. Our appraisal was fair for our neighborhood we thought and the report arrived about 8 days after the appointment. We are happy and will recommend Real Estate Appraisals Austin to any others we know.
Leah L
Leah L
We used Real Estate Appraisals Austin and found them to be very professional, accommodating and efficient. Their work product was thorough and very well presented. We would definitely recommend them and would use them again.
Calvin Porter
Calvin Porter