Home Values Increase in Round Rock Ranch – August 2012

Round Rock Ranch has seen a number of negative trends over the past few years across almost every key real estate metric. Average home sales prices, average price per foot and number of homes sold were at or almost at all-time lows in 2011. Last year, the average home in the Round Rock Ranch subdivision sold for $155,362 in 41 days and for $71.10 per square foot. While that could be depressing, 2012 has been a good year for Round Rock Ranch, which has seen positive changes across ever category.

Year to Date 2012

Round Rock Ranch is on pace to see 45 home sold this year, a 29% increase from last year! The average home sales price has gone up slightly to $155,744 and the average price per square foot has risen to $75.06. So far this year, the average home is also selling in only 39 days and for 98.8% of the asking price.

August 2012

While the year-to-date numbers for Round Rock Ranch are encouraging, the numbers for August are outstanding! While the sample is small (only 6 home sold), the average price has gone up to $162,667 and the average price per square foot has risen to $75.84. The number of days the average home sold for held steady at 40 and the average home sold for 98.7% of the listed price.

What About My Home?

A large number of factors are used to determine the value of your house and how much your home will sell for (yes, different numbers, depending on the market and how good your REALTOR is), including location, lot size, number of bedrooms & bathrooms, amenities and upgrades. An individual can sometimes get an idea of what they home would sell for by using the current price per square foot for their market (i.e. $75.84/sq.ft. x 2000 sq.ft. = $151,680). For a more accurate valuation of your home and or any questions about the real estate market in Round Rock Ranch, please contact me today!

Kyle Pfaffe, REALTOR®      e: KylePfaffe@kw.com      m: 512-636-9707      w: AustinHomes4You.com

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