Fairways of Blackhawk - Pflugerville Texas - Brief Market Analysis - January 2008

As a five-year resident of the Blackhawk area and a 13-year resident of Pflugerville, I like to keep an eye on the market values here in the area.  When the toll roads opened about a year ago, the prices started trending upward and they certainly have continued to appreciate.  As a fellow homeowner, this stuff  is important to me, too! 

Currently, there are 6 resale homes available on the MLS in the Fairways, with an average asking price of $253,517.  The average square footage for these homes is 2,825, for an average price per square foot of $90.73.

Presently, there are 3 homes under contract in the subdivision, with an average listing price of $202,400, and an average square footage of 2,222, yielding an average price per square foot of $91.42. 

Over the past quarter (September through December 2007), there were 6 sales closed within the Fairways of Blackhawk.  The average listing price was $203,682 and the average sales price was $201,082.  This means that homes sold for approximately 98.72% of the list price.  The average number of days on the market was just 31, which is about 45 days less than the average for the Austin MLS.  The square footage of the homes sold averaged 2,442, and the price per square foot for the sales was $82.52.

In other area news:

Located at the intersection of the aforementioned toll roads (45 and 130), Stone Hill Town Center is slated to open within a few months, and it promises over 1,000,000 square feet of shopping and entertainment.  Home Depot, Best Buy, Chili's, several retail clothing stores, a large Cinemark theater, and a fitness center are among the anticipated tenants.

If you are considering selling your home in the Fairways of Blackhawk (or anywhere in the general Austin area), please feel free to give me a call.  I would love the opportunity to help you get it sold quickly.  You can visit my primary website at www.austintexashomes.com.  You can also reach me anytime on my cell phone at 512-796-7653 or via email at jason@austintexashomes.com.  Thanks for checking out this brief analysis!