Real Estate Appraisals Austin logo
Speak With an Appraiser

Villages at Western Oaks Housing Report

Real Estate Market Report For: Villages at Western Oaks Subdivision Austin, TX 78749


Introduction: The Villages at Western Oaks is another one of South West Austin’s popular neighborhoods consisting of approximately 1,600 homes. The subdivision is located in the 78749 zip code and situated between West William Cannon and Slaughter. The VAWO is located adjacent to it’s older sibling, Western Oaks, which is a smaller and older development to the North.

Our subject neighborhood has been steadily increasing in value over the past four years mainly due to its convenient location off of MOPAC, which allows you a 15 minute drive to downtown Austin and even shorter to the greenbelt and Barton Creek Mall. You are also within walking distance to the Arbor Trails shopping center which offers not only convenient shopping but food as well! If you’re looking to get some sun and fun the area features Dick Nichols Park and an abundance of trails for jogging and biking.

The term “Villages” was applied to the neighborhood because homes were constructed in phases which are now considered different sections such as Deerfield Village, Oakland Village and Beckett Village. Most homes in the neighborhood were constructed in the 90’s by builders such as David Weekley, Scott Felder, Newmark, Centex and more.

Inventory and Sales: There is quite a lot of activity in the Villages each year, with roughly 150+ properties sold in the past 12 months. This number is a 32% increase in the number of sales from last year. The neighborhood sees about 13 home sold each month and has an incredibly low current inventory of only 1.3 months worth of homes on the market. Coupled with a decreasing average Days on Market as well and you have all the positive indicators that the Western Oaks Villages are a very hot market.

Distressed Sales and Listings: Given the number of homes selling in the area, distressed property sales are very low. We classify a distressed sale as a foreclosure, short sale or REO sale. The VAWO has only a 1.9% distressed sale rate over the past 12 months, which is slightly lower than the year before.

New Homes and Construction: Most of the homes in this subdivision were built between 1994 and 2000 with a few as old as 1978 and as new as 2005, but those are uncommon. As such, new homes are not a factor in this market area.

Overall Market Conditions: The Villages at Western Oaks demonstrates all the signs of a strong market that is on the incline. Median sales prices have risen steadily over the last 3 years while time to sell has been decreasing and List Price to Sales Price ratios have been increasing. This means more Realtors are getting their asking price for homes in the area without much market exposure – it isn’t uncommon to find homes with multiple offers on them in a market such as this. Given it’s close-in location, abundance of quality homes and scenic placement, this neighborhood should continue to appreciate well into the future.

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!

 

Fast & Accurate Real Estate Appraisals

Request an Appointment for Appraisal Service Now!

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.

head-sep

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

what customers like you say about our
Austin Property appraisal services

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

head-sep
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