Round Rock Ranch Real Estate Review for First 3 Months of 2013

This year is now over a quarter of the way through, giving us the perfect opportunity to review the real estate market trends in Round Rock Ranch during that period. I will look at how the real estate market in Round Rock Ranch has performed versus the last 3 months of 2012 (the 4th quarter, Q4) and versus the same 3 months in 2012 that we just finished in 2013 (January-March, Q1). For each of these time periods, we will look at the number of homes sold, the average sales price, the average price per square foot and the average days on market (DOM).

In the first 3 months of 2013 (Q1), 10 homes were sold in Round Rock Ranch. In Q4 of 2012, 12 homes sold and 8 homes sold in Q1. The changes in 2013 are not very high or low and represent a very steady market throughout the past 15 months.
While the number of homes sold did not vary much, the last 3 months saw a significant increase in the average sales price. The avg. sales price was $162,430 in 2013 Q1, a 2.3% increase over Q4 of 2012 and a 11.7% increase over Q1 of 2012.
The sales price can give a fairly good representation of a market’s trends, but perhaps nothing is so telling as changes in the average price per square foot ($/SqFt). The average $/SqFt was $82.39 in Q1 of 2013; this is a 8.6% increase over Q4 of 2012 and a 4.6% increase over Q1. To put it in perspective, the average $/sqft was almost $7 more than during the last 3 months of 2012!
The average days on market (DOM – the average amount of time a home is on the market before selling) increase slightly in 2013. In Q4 of 2012 it was 43 days and it was 38 days in Q1 of 2012. The average DOM climbed to 50 in the last 3 months, but I don’t think this is a substantial difference – mainly because there are 1 or 2 sales in 2013 which are skewing the average higher.
In summary, it seems that the real estate market in Round Rock Ranch is strong and is seeing gradual, sustained growth. I would expect the trends to continue through 2013. If you potentially looking to sell you home in Round Rock Ranch this year, I would expect to sales prices to continue to rise through the end of 2013 because of the strong demand and limited inventory. You have chosen a great time to sell! Drop me a note to learn about how my progressive marketing plan can go to work for you!

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

The Kyle Pfaffe Real Estate Team

Round Rock Ranch 2012 Real Estate Market Report

How was the Real Estate Market in Round Rock Ranch for 2012?

The real estate market in the Greater Austin area and Round Rock saw some incredible growth in 2012. Round Rock Ranch also saw some growth and, after an extremely busing January, I finally had time to put this information together. The graph below gives a good summary of most of the information I have. Round Rock Ranch Real Estate

In 2012, 22.9% more homes sold in Round Rock Ranch versus 2011. While the number of homes sold increased, that growth has not yet translated to much growth in sales prices as the average sales price was $156,679 (+.8%) and the average price per square foot was $75.36 (+2.5%). Whiles values remained unchanged, the average home for sale in Round Rock Ranch sold in 5 less days in 2012 versus 2011 (41 days, -11% vs 2011).

What do these numbers mean for you if you are looking to buy or sell a home in Round Rock Ranch 2013? If you are looking to buy a home,  the number of homes on the market is shrinking and homes are selling faster so you will likely have less options and more competition from other buyers. Because homes are selling more quickly, you should also move fast to put a strong offer in once you have found a home you really like.

If you potentially looking to sell you home in Round Rock Ranch this year, I would expect to sales prices increase in 2013 because of the strong demand and limited inventory. You have chosen a great time to sell! Drop me a note to learn about how my progressive marketing plan can go to work for you!

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

The Kyle Pfaffe Real Estate Team

Review of Cafe Java

We are always looking for good places to eat near Round Rock Ranch so my wife and I finally made it over to a local restaurant, Cafe Java, to try it out and I wanted to give them a quick review. In short, we loved it! The vibe was very low key and local at this corner cafe. The staff was fast, friendly and helpful and seemed to know a lot of the customers personally. Our waitress made us feel right at home and helped us navigate the menu as two “newbies.” 

So many items on the menu looked delicious, but my wife and I finally settled on getting an omelet and eggs & hash browns  respectively. The Philly Omelet my wife ordered was fresh, juicy and full of flavor. I decided on the regular classic, the “Cafe Java” – two eggs, hash browns and bacon with an extra buttermilk pancake on the side. My meal was prepared perfectly and tasted great and both of our meals had very generous portions.

All in all, we were very pleased with our experience and we look forward to bringing the rest of the family back next time and having a chance to sample their lunch and dinner menu with the homemade desserts they have prepared as well! Cafe Java also has free WiFi and looks like a great place to relax and get some work done on a quiet afternoon. Thanks to everyone at Cafe Java for the tremendous experience and we look forward to seeing you again soon!

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

Information on Round Rock Ranch

Round Rock Ranch is a comfortable Central Texas community located 2 miles west of IH-35 off Gattis School Road, just east of the Lake Forest and Sonoma subdivisions. This family-friendly neighborhood is covered with mature oak trees and has two community pools and playscapes for the exclusive use of its residents.

The Round Rock Ranch neighborhood is home to Gattis Elementary School, part of the recognized and prestigious Round Rock Independent School District. This community is also served by Ridgeview Middle School, Stony Point High School and Cedar Ridge High School, a brand new RRISD school a short walk from any home in Round Rock Ranch.

The Round Rock Ranch Home Owners Association (www.roundrockranch.com) is made up of about 700 families and actively engages the community in a number of events including neighborhood BBQ’s, garage sales and other seasonal and holiday events. The Round Rock Ranch HOA also produces a monthly newsletter featuring local articles and events.

The Round Rock Ranch subdivision is technically known as Round Rock Ranch Phase 1 and has a sub-association located within in, know as the Enclave at Round Rock Ranch, which has a separate HOA.

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