I had a client ask me how the real estate market was in Sendero Springs so I took the opportunity to share with all of you how I found the real estate market to be in Sendero Springs and the local area. Looking for information on your neighborhood? Drop me a note and I’d be happy to help!
The real estate market for Sendero Springs and the local area (Brushy Creek North and Walsh Ranch) has seen strong growth in the last 22 months. Since January 1, 2011, the average sales price has risen 15% to $320,000 and the average price per square foot has climbed 10% to $100/sq.ft. While prices have risen, the number of days it has taken for a home to sell (DOM – Days On Market) has dropped 23% to only 52 days, with the median DOM being only 38 days. Barring any unforeseen changes in the economy and lending market, I would expect home prices to continue they gradual rise for the near future. As long as new homes are still being constructed in the Sendero Springs and Behrens Ranch area, those new homes will hold the price of existing homes down.
For more information on the real estate market in Sendero Springs and the Round Rock West area or for an analysis of your home in this market, drop me a note or give me a call at 512-636-9707.