Real Estate Market Report For: The Woods of Brushy Creek, Austin, TX
Introduction: The Woods of Brushy Creek is a deed restricted neighborhood of 700 plus homes located in North Austin. The community is located within the Round Rock ISD school district and in the zip code of 78717. The following market analysis was created using sales data for single family residences only (Home, Town Homes, Condos) spanning the 5 years prior to the date of the report.
Inventory and Sales: Sales have been strong over the past 12 months, exhibiting a 260% increase year-over-year (12 months from date of report). Additionally, inventory rates are low as the absorption rate for the market hovers just over 4 homes per month sold.
Distressed Sales and Listings: The number of foreclosure and known distressed sales have been relatively low over the last 12 months, remaining below 10% of all total sales volume. There are currently no known distressed or foreclosed listings.
New Homes and Construction: New home construction is not prevalent in the market area, with no known listings for new homes appearing the past 5 years. Predominant home sales have ranged in age from 1989 to 1999. Predominant single family home sales over the past 12 months average between $181,000 to $211,000.
Overall Market Conditions: The housing market for The Woods of Brushy Creek appears to be very stable. This is confirmed by stable housing prices, low foreclosure rates and low days on market, with an average DOM of 3 to 84 days. While at first glance, home values would appear to be on the rise; however, a second look will reveal that median price per square foot has remained relatively level, actually decreasing slightly, over the last 12 months.
This report was created utilizing data from the Austin MLS system, as input by local Austin Realtors. 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.