Forest Creek Home Sales - Round Rock - Market Analysis - January 2008

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 about $200,000 all the way up to the mid-$500's.

Currently, there are 44 new and resale homes available on the MLS in Forest Creek, with an average asking price of $335,105.  The average square footage for these homes is 3,311, for an average price per square foot of $100.10.

Presently, there are 5 homes under contract in the subdivision, with an average listing price of $267,097, and an average square footage of 2,897, yielding an average price per square foot of $92.20. 

Over the past quarter (September through December 2007), there were 29 sales closed within Forest Creek.  The average listing price was $280,236 and the average sales price was $271,450 (96.9% of asking).  The average size was 2868 s.f., which put the average price per square foot at $95.79 with the average days on market running at 67 days (slightly less than the overall Austin market). 

In other immediate area news:

Located a couple of minutes away, at the intersection of the two main area 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 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!