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Falcon Pointe - Pflugerville Texas - Sales Report - January 2008

  

Falcon Pointe is a 700-acre master-planned community in the fast-growing Pflugerville area. As the largest master-planned community in Pflugerville, Falcon Pointe offers homes priced from the $170,000s to $300,000s by leading builders, along with a popular Residents Club, parks and greenbelt trails. Falcon Pointe is home to three on-site schools, all part of the highly acclaimed Pflugerville Independent School District.

Currently, there are 27 new and resale homes available on the MLS in Falcon Pointe, with an average asking price of $236,951.  The average square footage for these homes is 2,604, for an average price per square foot of $91.83.

Presently, there are 5 homes under contract in the subdivision, with an average listing price of $287,697, and an average square footage of 3,253, yielding an average price per square foot of $90. 

Over the past quarter (September through December 2007), there were 19 sales closed within Falcon Pointe.  The average listing price was $256,884 and the average sales price was $241,977 (94.2% of asking).  The average size was 2745 s.f., which put the average price per square foot at $89.59 with the average days on market running at 81 days (slightly more than the overall Austin market). 

I have noticed a trend toward larger homes in Falcon Pointe lately, with several homes over 4000 square feet under construction presently.

In other immediate area news:

Located just across from the entrance to the original section of Falcon Pointe at the intersection of the 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 Falcon Pointe (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!

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