Meadows of Blackhawk - Pflugerville, Texas - Market Analysis - 2nd Quarter 2008 (April - June)
Jason Crouch
As a six-year resident of the Meadows of Blackhawk, I like to keep an eye on the market values here in our neighborhood. When the toll roads opened about a year and a half ago, the prices started trending upward and they continue to appreciate. As a fellow homeowner, this is important to me, too!
Currently, there are 27 homes available in the Meadows, with an average asking price of $220,201. The average square footage for these homes is 2,629, for an average price per square foot of $84.53.
Presently, there are 8 homes under contract in the subdivision, with an average listing price of $215,998, and an average square footage of 2,502, yielding an average price per square foot of $85.62.
Over the past quarter (April through June 2008), there were 13 sales closed within Meadows of Blackhawk. The average listing price was $220,894 and the average sales price was $214,112. This means that homes sold for approximately 97% of the list price. The average number of days on the market was 48, which is about 20 days less than the average for the Austin MLS. The square footage of the homes sold averaged 2,644, and the price per square foot for the sales was $82.00.
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 is already open, and other retail building is getting close. Best Buy, Super Target, Chili's, several retail clothing stores, a large Cinemark theater, and 24-Hour Fitness are among the anticipated tenants.
Here is a link to the developer's map, showing the stores and restaurants committed to open there:
Additionally, at 685 and Pfluger Lane, Pfluger Crossing is already open and expanding to 500,000 square feet. Starbucks recently opened on the northern edge, and other stores there include Wal-Mart, Gamestop, Sprint, and Baskin Robbins. The expansion will include a Radio Shack location facing Highway 685.
If you are considering selling your home in the Meadows 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!
