The Latest Stats on the Hottest Neighborhoods

Last fall, CultureMap Austin published an article listing the top ten best neighborhoods to buy in Austin. As Austin continues to grow, investors and families have shifted to unexpected areas looking for the best deals in terms of appreciation, location and general value. We’ve take five of these neighborhoods and broken down the real estate statistics on them so you can judge for yourself.

Windsor Park and University Hills (78723)

Nestled just east of I-35 and west of Hwy. 290, this neighborhood was originally developed in the 1950’s. Experts say there’s still room for appreciation in this area. Development nearby in the Mueller Airport area has brought newer businesses and up-to-date H.E.B grocery store to the area.

Stats:

  • Number of Sales in January ’15- 17
  • Number of Sales in January ’14- 29
  • Days on the Market January ’15- 20
  • ’14 Median Price – $250,000
  • ’15 Median Price – $277,000

Cherry Creek (78745 and 78748)

This southwest Austin neighborhood is popular neighborhood. There a number of AISD schools serving the residents of Cherry Creek. Popular shopping destinations in Sunset Valley are located nearby including a Central Market grocery store in Westgate.

Stats:

  • Number of Sales in January ’15- 40
  • Number of Sales in January ’14- 49
  • Days on the Market January ’15- 6
  • ’14 Median Price – $210,000
  • ’15 Median Price – $265,000

Cuernavaca (78733)

A high-end neighborhood located west of Hwy. 360 on Bee Caves Road, Cuernavaca is make of several small neighborhoods and gated communities. There are several private schools in the area along with schools in Eanes ISD, one of the Central Texas’s premiere school districts. The hillside views and homes with luxury amenities is hard to beat.

Stats:

  • Number of Sales in January ’15- 14
  • Number of Sales in January ’14- 9
  • Days on the Market January ’15- 49
  • ’14 Median Price – $684,000
  • ’15 Median Price – $1,168,000

Milwood (78727)

Affordable housing and a great school district is what you’ll find in this area of Austin located near 183 and McNeil. Milwood has several smaller floorplans that make first-time homes for small families and investment properties. Located near the new Apple, Inc. headquarters, this area has seen growth and development in the last year.

Stats:

  • Number of Sales in January ’15- 19
  • Number of Sales in January ’14- 14
  • Days on the Market January ’15- 9
  • ’14 Median Price – $195,000
  • ’15 Median Price – $245,000

Rollingwood (78746)

Rollingwood, TX, it’s own municipality located inside of Austin has seen strong appreciation over the last few years. Located near Zilker Park, major employers, minutes from downtown Austin, Rollingwood is a highly desirable area to live. It’s a family-friendly area inside the Eanes School District.

Stats:

  • Number of Sales in January ’15- 19
  • Number of Sales in January ’14- 16
  • Days on the Market January ’15- 44
  • ’14 Median Price – $1,018,000
  • ’15 Median Price – $1,059,000

You can see from the stats in each neighborhood that homes in affordable neighborhoods are moving quickly and prices continue to increase. Homes in the the more luxurious neighborhoods are sustaining strong returns on investment even though their time on the market is longer.

If you’re ready to shop for your next home or ready to sell in this great environment, please contact us. For a free marketing report to see how your neighborhood compares, request one here.

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The data relating to real estate for sale on this web site comes in part from the Austin/Central Texas Realty Information Service (ACTRIS).

 

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Austin Northwest shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.