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Westlake Hills 4th Qtr 2020 Real Estate Report Flipbook PDF
Westlake Hills 4th Qtr 2020 Real Estate Report
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4TH QUARTER 2020
WESTLAKE HILLS Real Estate Report
by The Drewett Group
The Austin real estate market closed 2020 breaking records as home demand reached unprecedented levels. According to the Austin Board of Realtors, the 2020 median sales prices of homes in Metro-Austin rose 9.2%. However, in December alone, home sales across the Austin MSA jumped 16.2% as the median price increased 15.8%. The neighborhoods of Westlake Hills
The Prices of Homes and the Average Price Per Square Foot (PPSF) year to year data, illustrated below, includes mostly resale homes. In Westlake Hills, and throughout the city, we are experiencing a seller’s market. We have a high demand for homes and very little inventory with an influx of out of state buyers. In a seller’s market, many homes sell privately as “pocket listings”. These private sales exist for many reasons, one of which is that Texas is a non-disclosure state.
continue to be some of Austin’s most highly desirable communities. The beauty of the Texas Hill Country, the lure of a competitive school district, proximity to the central business district, shopping, and Lake Austin make these homes attractive to many. From neighborhood living to exquisite estates, there is something for everyone in the fabulous neighborhoods located at the gate to the Texas Hill Country. These neighborhoods represent a diverse real estate market differentiated in price, lot size, views, character, and maturity.
The data in this report only illustrates homes sold through the MLS (Multiple Listing Service) or public market. It does not include sales data from the private market. In the neighborhoods illustrated in this report, there have been at least 21 private market sales. The private market transactions continue to be healthy and would increase price averages as well as reduce the number of days on the market. If you have any This report reviews historical sales data through questions related to this market report or if you the 4th Quarter of 2020 and compares it to the would like me to provide a comparative analysis previous years 2019, 2018 and 2017. The intention for your home, call me. of the report is not to provide a comparative market analysis but rather to illustrate the public Beth Drewett 512.576.6222 - [email protected] sale home transactions that have taken place for all of of 2020.
AV E R A G E P R I C E S S O L D T H RO UG H Q 4 2 0 2 0
Westlake Hills has many wonderful neighborhoods that are highly desirable for buyers. If you’re thinking about selling, call me for a market analysis of your home. Let me put my expertise and the resources of Compass to work for you. [email protected] 512.576.6222
IN this ISSUE PAGE 1 Summary PAGES 2-3 Neighborhood Statistics PAGE 4 About
AV E R A G E P P S F S O L D T H RO UG H Q 4 2 0 2 0
W E ST LA K E H I LL S N EIGH B OR HO OD S
REAL STATS
WESTLAKE HIGHLANDS | THE HIGH RD
REDBUD AND WINDSO NG TRAIL
ACTIVE
ACTIVE
LIST PRICE
LIST PRICE
1421 Circle Ridge Dr
$5,500,000
1060 The High Rd
$1,300,000
2701 Christopher Dr #B
$4,500,000
ADOM Active
112
2305 Camino Alto
$5,955,000
# of Homes Listed
1
1905 Hallam Dr
$5,990,000
SOLD
LIST PRICE
1103 Ridgecrest Dr
$2,850,000
1407 Wild Cat Holw
$1,395,000
1803 Hallam Dr
$5,300,000
924 Terrace Mountain Dr
$2,225,000
1408 Circle Ridge Dr
$2,500,000
Avg Active List Price/ft $995
5600 Scenic View Dr
$6,995,000
712 Windsong Trl
$2,550,000
ADOM Active
201
Avg Active List Price
$4,698,571
1406 Circle Ridge Dr
$2,850,000
# of Homes Listed
1
Avg Active List Price/ft $839
895 Live Oak Cir
$7,995,000
SOLD 388 Cortona Dr
LIST PRICE $4,295,000
ADOM Active
217
2 Sweet Sky Rd
$9,249,900
# of Homes Listed
7
SOLD
LIST PRICE
ADOM Sold
51
2729 Trail Of Madrones
$1,070,000
# of Homes Sold
7
Avg% Of Sell/List Price
97.85%
BUCKEYE TRAIL ACTIVE
LIST PRICE
410 Spiller Ln
$6,490,000 2
Avg list Price/ft $478 ADOM Sold $398 # Homes Sold 1 2
BULL MOUNTAIN | BULL MOUNTAIN DR
2
1003 The High Rd
$1,600,000
2204 Trail Of Madrones
$1,495,000
2102 N Oak Canyon Rd
$1,950,000
ACTIVE
LIST PRICE
4804 Toreador Dr
$4,999,999
3000 Toro Ring
$4,500,000
2701 Slow Turtle Cv
$5,725,000
Avg Active List Price
$4,750,000
Avg Sold Price
$2,344,000
Avg Active List Price/ft2 $785
ACTIVE
LIST PRICE
600 Logans Ln
$3,950,000
2025 Frances Dr
$3,990,000 $3,800,000
ADOM Sold
Avg Active List Price
$4,547,500
SOLD
LIST PRICE
# of Homes Sold
5
5005 Mantle Dr
$1,799,000
Avg% Of Sell/List Price
98.09%
1
SUMMIT AT WEST RIM ON MT LARSON
$6,450,000
2
# of Homes Sold
Avg Sold Price/ft $704
1807 Mount Larson Rd
# of Homes Listed
141
$3,939,536 2
1801 Mount Larson Rd
123
ADOM Sold
Avg Sold Price
Avg Sold Price/ft2 $569
ADOM Active
List Price/ft2 $378
Avg Active List Price/ft $643 2
63
Avg Active List Price/ft2 $730 ADOM Active
90
# of Homes Listed
4
OTHER SOLD
SOLD
LIST PRICE
5312 Scenic View Dr
2103 Toro Canyon Rd
$965,000
2201 Harbor Village Tr #B
$1,225,000
1810 Westlake Dr
$1,275,000
1801 Lakeshore Dr
$1,799,900
620 Logans Ln
$2,495,000
1718 Mount Larson Rd
$3,500,000
Avg Sold Price
$1,791,613
NUMBER OF HOMES SOLD T H RO UG H Q 4 2 0 2 0
$685,000
Avg Sold Price/ft $505 2
ADOM Sold
49
# of Homes Sold
6
Avg% Of Sell/List Price
95.44%
This report is not intended to be a comparative market analysis. If you’d like a market analysis of your home, give me a call. Individual List Prices are shown rather than individual Sold Prices. Private transactions and Lake Austin properties are NOT included.
CDOM / Cumculative Days On Market ADOM / Average Days On Market
ACTIVE & SOLD DATA
JANUARY 31, 2020 - DECEM BER 31, 2020
TERRACE MOUNTAIN | WESTLAKE DR
YAUPON VALLEY
ACTIVE
LIST PRICE
NO HOMES ACTIVE AS OF 12.31.20
600 Terrace Mountain Dr
$2,990,000
SOLD
LIST PRICE
1111 Westlake Dr
$1,725,000 $2,357,500
5 Little Bend Dr
$1,225,000
Barton Creek
Avg Sold Price
1414 Redbud Trl
$1,269,000
Lost Creek
Davenport Rollingwood
Avg Sold Price/ft2 $590
See other Market Reports at DrewettRealEstate.com
ADOM Sold
88
2000 Yaupon Valley Rd
$1,499,000
Rob Roy
Westlake Drive
# of Homes Sold
2
1604 Yaupon Valley Rd
$1,495,000
West of 360
Other Neighborhoods
SOLD
LIST PRICE
800 Double Bend Back Rd
$1,695,000
806 Canyon Creek Dr
$1,199,000
Avg Sold Price
$1,349,520
807 Terrace Mountain Dr
$1,295,000
902 Terrace Mountain Dr
$1,599,999
706 Loma Linda Dr
$2,995,000
801 Terrace Mountain Dr
$3,795,000
907 Terrace Mountain Dr
$5,950,000
Avg Sold Price
$2,714,167
Avg Sold Price/ft2 $700 ADOM Sold
42
# of Homes Sold
6
Avg% Of Sell/List Price
96.10%
RIVER GARDEN TRAIL ACTIVE
LIST PRICE
4117 River Garden Trl
$3,995,000
Avg Active List Price/ft2 $514
WILD BASIN ACTIVE
LIST PRICE
Avg Sold Price/ft2 $456
5420 Petticoat Ln $6,995,000
ADOM Sold
52
Active List Price/ft2 $1,069
# of Homes Sold
5
ADOM Active
61
Avg% Of Sell/List Price
93.58%
# of Homes Listed
1
SOLD
LIST PRICE
1448 Wild Basin Ldg
$1,225,000
YAUPON VALLEY | FLINTRIDGE
List Price/ft $439
NO HOMES ACTIVE AS OF 12.31.20
ADOM Active
3
SOLD
LIST PRICE
# of Homes Listed
1
5 Little Bend Dr
$1,225,000
1414 Redbud Trl
$1,269,000
2000 Yaupon Valley Rd
$1,499,000
SOLD
LIST PRICE
1604 Yaupon Valley Rd
$1,495,000
475 Spiller Lane
$1,250,000 $3,333,000
2
SWIFTCURRENT TRAIL NO HOMES ACTIVE AS OF 12.31.20
ADOM Active
185
800 Double Bend Back Rd
$1,695,000
7 Old Stable Lane
# of Homes Listed
1
Avg Sold Price
$1,349,520
1110 Blackacre Trail
$4,850,000
SOLD
LIST PRICE
Avg Sold Price
$3,318,657
4448 River Garden Trail
$3,600,000
Avg Sold Price/ft2 $456
Avg list Price/ft2 $618
Avg list Price/ft $625 2
ADOM Sold
52 5 93.58%
ADOM Sold
260
# of Homes Sold
# Homes Sold
$1
Avg% Of Sell/List Price
ADOM Sold
54
# Homes Sold
3
Avg% Of Sell/List Price
104.46%
CDOM YEAR TO YEAR T H RO UG H Q 4 2 0 2 0
IS IT TIME FOR SOMETHING NEW? Buyers are looking for homes in Westlake Hills. Limited inventory, low-interest rates and an influx of out of state buyers has created a strong sellers market!
This data isn’t intended to provide comparative market analysis. The information is believed to be reliable and while every effort has been made to ensure it is accurate, I disclaim any implied warranty or representation about its accuracy or completeness for any particular purpose. The information is based on MLS listings and sales. It does not include any non-MLS transactions, thus actual totals may differ.
Austin Business Journal Top 25 Realtor
WHY COMPAS S?
WE STLAKE HILLS Real Estate Repo r t
Fusing the best of a nation wide brokerage
Westlake Hills is one of the most sought after
and the latest technology, Compass allows
locations in the city. I know the neighborhoods,
The Drewett Group to provide you with
the neighbors, the public and private schools
the best service possible. Whether you’re
and the amenities that make these areas
interested in exploring your real estate
some of the most desirable in Austin.
options or want to know more about the market, contact us today!
Let me put my expertise and the resources of Compass to work for you!
To learn more about The Drewett Group & market reports for multiple Austin neighborhoods, please visit DrewettRealestate.com
Ask us about private market sales.
BETH DREWETT 512.576.6222 [email protected]