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Forest Creek Home Sales - Round Rock - Market Analysis - First Quarter 2008

 

round rock golf course

 

Forest Creek is a lovely master-planned golf course community located in east Round Rock, just minutes from Dell Computer.  Having played the course a number of times with my friends, I can attest to both its beauty and its difficulty.  Granted, I am not really a stellar golfer, but it is among the more challenging courses in this part of town.

 

 

Currently listed resale homes in Forest Creek range from under $200,000 all the way up to the mid-$500's.

Currently, there are 52 new and resale homes available on the MLS in Forest Creek, with an average asking price of $327,207.  The average square footage for these homes is 3,224, for an average price per square foot of $100.87. 

Presently, there are 10 homes under contract in the subdivision, with an average listing price of $223,997, and an average square footage of 2,594, yielding an average price per square foot of $86.35. 

Over the past quarter (January through March 2008), there were 25 sales closed within Forest Creek.  The average listing price was $287,714 and the average sales price was $277,742 (96.5% of asking).  The average size was 3055 s.f., which put the average price per square foot at $91.00 with the average days on market running at 83 days (essentially matching the overall Austin market time). 

In other immediate area news:

Located at the southwest corner of 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 should open very soon, followed by Best Buy, Chili's, several retail clothing stores, a large Cinemark theater, and 24-Hour Fitness.  If you would like to see the proposed layout, you can visit the developer's website and see the site plan here:

http://www.newquestproperties.com/property_retail/property/Stone%20Hill%20Town%20Center/SitePlan/pfu5-07.pdf

If you are a consumer living in another area and you are interested in seeing the trends in your particular neighborhood, please don't hesitate to contact me, and I can create a custom report for you.  All of my contact information is below.

If you are considering selling your home in Forest Creek (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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