Real Estate Appraisals Austin logo
Speak With an Appraiser

Westcreek Housing Market Report

Real Estate Market Report For: Westcreek Subdivision Austin, TX 78749


Introduction: The neighborhood of Westcreek, located in the 78749 zip code, is another one of  South Austin’s hidden jewels. Comprised of roughly 720 homes, the subdivision is conveniently located right between Mopac and Hwy 290 West. This excellent location provides easy access to either freeway by way of William Cannon. You can also access 290/71 by weaving through the Northern part of the neighborhood; while a bit more scenic, the traffic is less to deal with. This location is within walking distance to the Arbor Trails shopping center and a 5 minute drive to Sunset Valley. The neighborhood has a nice mixture of demographics with the age being split 50/50 between younger homeowners and older, long-time owners. For the most part homes and yards throughout the neighborhood are well kept and there is an active and voluntary homeowners association.

Inventory and Sales: Turnover is Westcreek is fairly rare, with only 20-30 homes selling each year and days on market typically less than two weeks. This is definitely a sought after area. Overall sales volume has increased by 13% over the previous year, where it had slipped some from its 2010 numbers. With the low number of homes available, and the quick selling times, inventory and absorption rate are a none issue for local Realtors.

Distressed Sales and Listings: As with most highly sought after areas, distressed sales (foreclosure, short sale, REO) are not a common occurrence in Westcreek. At current there are zero active distressed properties and zero distressed sales over the last year.

New Homes and Construction: With build dates ranging from 1978 to 1986, and no available room for further expansion, new construction isn’t common in Westcreek. Land values have not yet reached the point where demolition and construction of new homes would be profitable. As such, there have been no newly constructed homes sold within the last 5 years.

Overall Market Conditions: The housing market for the Westcreek subdivision is looking very stable. Median sales prices are currently at $229,000, a 7% increase over last year. Local Realtors appear to be doing a good job of listing homes for reasonable asking prices since the average Original List Price to Sales Price Ratio is right around 97.2%. Keeping in mind that most Real Estate agent recommend listing at least 3% higher than what you are willing to take, this is the perfect LP/SP ratio. This area will likely continue to appreciate over the following years due to the perfect location between two major highways, proximity to shopping, 15 minute commute to downtown and the fact that homes in the area are perfectly suited for new homeowners or retirees alike.

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
I recently had a rental appraisal of my property. The appraiser showed up on time and did a thorough analysis. The report took a week, but it was very thorough. I am very happy with the appraiser and the report.
Karthik Manamcheri
Karthik Manamcheri
We recently used Real Estate Appraisals Austin to appraise a property we have owned over 15 years and have had multiple offers to sell. Michelle was very helpful and professional in coordinating with our property manager. She responds very quickly to calls or emails. Edward did a thorough appraisal and took the time to call and discuss details. I definitely would recommend this company to anyone considering an appraisal in Austin. The price was very reasonable, I felt, for the value we received.
Lorrie Coles
Lorrie Coles