Southwest Austin Homes
January 18, 2012
Southwest Austin homes are beginning to rank right up there in popularity with homes in Central Austin. If you’ve searched for homes in Austin lately, you know that it’s hard to find the right house in the right location. There are lots of people who would like to live in the heart of downtown Austin, but the reality is, you have to give up a lot of “home” for that amazing location. If you are in house searching mode, you may have looked far east or north to see how much more space you can get for your money. You probably discovered larger homes and bigger yards, but what often comes right along with all those amenities is a hefty commute.
At The Gentry Group realtors, what we have noticed over the past few years is that buyers are finding the best of both worlds in Southwest Austin Homes. Beautiful new homes, large mature & landscaped lots and proximity to downtown Austin are all at your fingertips if you choose to buy Southwest Austin Homes. And believe it or not, housing is still affordable here. This put us into research mode at The Gentry Group…. trying to figure out what the catch is. Why can these Southwest Austin homes still be bought affordably in such an amazing location? So we went back into the MLS statistics a few years and this is what we found.
Southwest Austin homes are still priced well, but the trend is that they are increasing in value. It’s just a matter of time, before the prices catch up to the value of these Southwest Austin homes. Statistically speaking, it’s easy to see that Southwest Austin homes are a great investment right now. We went back through the MLS data for the past 3 years, from December 2008-November 2009, December 2009-November 2010 and December 2010 to November 2011. We looked at the average sold price of homes in MLS area SWW during each 12 month period. The average price of homes sold in Southwest Austin in the 2008-2009 period was $285,468. For the 2009-2010 period it was 291,362 and for the last 12 months it had risen to 292,665. This steady increase despite the distressed economy shows that Southwest Austin homes are not only holding their value during this difficult time, but are actually increasing in value. So the truth is, there is no catch. You can buy a beautiful Southwest Austin home at an affordable price right now, but as Austin continues to grow, this opportunity may not last.
If you are considering buying a house in Austin right now, be sure to explore Southwest Austin homes. Southwest Austin homes are a great place to live, and a great place to invest. Nicely sized homes and yards, exceptional schools and proximity to downtown make buying a new house a great choice in Southwest Austin.
There are more statistics where those came from, so don’t hesitate to contact The Gentry Group if you do want additional details about why Southwest Austin Homes are a great option. You can also start searching for homes in Southwest Austin by clicking here. We would love to help you discover all of the great Southwest Austin homes.