We provide real estate appraisal services in the West Lake Hills, TX area for numerous uses including mortgages, refinances, divorce, PMI removal, estate planning, tax disputes or appeals, selling and general value inquiries to name a few. We provide these real estate services to homeowners, mortgage companies, banks, credit unions, attorneys, investors and Realtors with the majority of our work coming by way of referrals from local Realtors and mortgage brokers.
Quicker Reporting – Most Appraisals Are Finished Inside Of 3 Business Days
Expertise – Hometown Real Estate Appraisers That Know Central Texas
Honest Pricing – We Don’t Bill For Extras And Report Types You Don’t Need
No Trainees Or Apprentices – All Valuations Are Completed By Licensed Appraisers
Professional Services – Our Staff Is Always Helpful, Accommodating And Competent
Lakefront & Waterfront Properties
Duplexes to Four Plexes
Investment and Rental Property
Vacant or Raw Land
Small to Medium Commercial
West Lake Hills, Texas is one of the more valuable residential suburbs of Austin. Located in Travis County, it has a relatively modest history and is moderately young, especially in comparison to some of the historically rich suburbs of the Austin area.
The town was incorporated in 1953 and was created as a small, family oriented suburb for the workers of the city. The city grew very slowly and has continued its growth at the same slow pace. In 1960, the population was approximately 700 people. By 1970, it had doubled to around 1400 people. It continued to grow at a similar pace ever since. In 1980 it had around 1900 residents, about 2500 in 2000, and a little more than 3100 in 2008.
What started as a humble residential area on the outskirts of Austin has changed into something quite different along the way. Whereas it was initially an area created for blue collar workers, it has now become one of the higher-end suburbs of the Austin area.
All of the average financial figures of the town are considerably higher than those of most of the other Austin suburbs, from median income, to per capita income, to median home price. The Median income in West Lake Hills is a little over $130,000 a year. The average for the rest of Texas is only little more than $47,000. The per capita average income for the town is slightly more than $66,000, almost $40,000 per year higher than the average per capita income of the rest of the state.
Unlike the rest of the nation, the average home price in West Lake Hills has not seen a rapid decline in the last few years. It seems as though the village as a whole has been largely unaffected by the housing crisis and recession that has affected so many other Austin areas and suburbs. In 2000, the average home price in West Lake Hills was $300,400. By the last fiscal quarter, that price had risen to over $505,000. To put this in perspective, the average home price for the entire state of Texas is only $120,900.
The area continues to be a town that is in high demand, and the properties located within it maintain a high level of desirability. West Lake Hills has elevated itself to a very desirable level of distinction. It is not surprising to find multiple million dollar properties for sale in the town of West Lake Hills, however, the one trend that has been universal, even in this austere suburb, has been the decline in the number of sales. There are two main factors to this phenomenon. First, once people have a home in the town, they typically do not want to leave. And second, as a recession hits, it becomes harder for new people to afford homes in the area.