Avery Ranch Real Estate Market Report

April 2020


Only 10 homes sold in April which is down from 25 last year. That’s about what we’d expect to see during a pandemic. With 22 homes under contract as of 5/1 things should start looking better going forward. However, we are seeing homes that aren’t selling including 3 homes in April that didn’t sell and were taken off the market. In many cases it’s not surprising they aren’t selling. Although we are optimistic, we have definitely entered a more professional market. The biggest lie in real estate is who you hire to sell your home doesn’t matter, many sellers are finding out that isn’t true. The lowest priced home to sell was a condo in The Greens and the highest priced home to sell was a single-family home in Pearson Place. With the average sales price up almost $90k and the median sales price up $78k there has been good appreciation despite the economic conditions. The first home to sell over $1 million is also under contract in Avery Ranch. That’s pretty exciting!

As always, we're always ready to work for you and your family. Whenever you are ready to talk about your home call/text Eric Peterson with Kopa Real Estate at 512-791-7473 or email eric@koparealestate.com.

 

 

 

March 2020


It’s never recommended to use statistics for the whole area to make decisions about your house. Due to the small number of sales the statistics can be misinterpreted. For example, the average sales price was slightly down this month compared to March, 2019. That was due. more to a few investors who owned small condos and smaller homes deciding to sell rather an overall decline in the market.

In March, 2020 the smallest home sold was a condo in the Commons and that also had the lowest sales price of $205,000. The largest home sold was a house with a pool in Northwoods that was 3,047 SF and sold for $650,000.

We expect to see a large amount of activity in the market once things go back to normal. If you are considering buying or selling in the next few months it will be important for you to talk with us about what we are seeing in the market and our expectations for your property.

As always these are general real estate statistics. Every home is different and you should always get advice about your specific home and situation. Whenever you are ready to talk about your home call/text Eric Peterson with Kopa Real Estate at 512-791-7473 or email eric@koparealestate.com.

 

 

 

February 2020


During the January report I mentioned the statistics made it look like the market was going down but based on the number of pending sales we knew the February report would show a truer picture of the market. That turned out to be correct.

In February we had 7 homes sell for prices of $500,000 or higher in the Avery Ranch area. The number of homes sold was up 5 with the average $/SF being up almost 20%. The average sales price and median prices. were up almost 8%.

With 14 homes under contract and only 8 on the market we are still in a solid sellers’ market.

The lowest priced home was a condo in the Plaza Townhomes behind Brooklyn Heights pizza while the highest priced home sold was in Northwoods at Avery Ranch.

The smallest home sold was in the gated section of Pearson Place and the largest home sold was in Northwoods at Avery Ranch.

The lowest price per SF was also the condo in the Plaza Townhomes and the highest price per SF was in the gated section of Pearson Place.

As always these are general real estate statistics. Every home is different and you should always get advice about your specific home and situation. Whenever you are ready to talk about your home call/text Eric Peterson with Kopa Real Estate at 512-791-7473 or email eric@koparealestate.com.

 

 

 

January 2020

 



Let’s look at the Avery Ranch area real estate market statistics for January 2020.

As we always point out at this time of the year you have to be careful reading too much into the market statistics. There are not enough sales to make the figures statistically significant. If you have any questions about the value of your home or you are considering buying a home contact us for a more accurate estimate of the expected sales price.

The number of sales was down as was the average sales price and median price. This is largely due to 3 of the 5 homes sold being smaller condos. Based on what we are seeing the market is up 6-10% over last year depending on the floor plan and section of the neighborhood.

The highest priced home sold was in Morningside at Avery Ranch and only $406,000. That number will look different for the February market report as there are currently 7 homes under contract at higher prices than $406,000.

The smallest home sold was a condo in the Commons at Avery Ranch at only 1,090 SF and sold for $202,500.

Kopa Real Estate has helped over 150 families sell and buy homes in Avery Ranch. Whenever you are ready to talk contact Eric or Joyce Peterson at 512-791-7473  or email eric@koparealestate.com.

 

 

 

This Avery Ranch market report includes data for Avery Ranch, Northwoods at Avery Ranch, Pearson Place at Avery Ranch and The Commons Avery Ranch condominiums. Buyers should verify neighborhood boundaries and HOA amenities prior to purchasing a home.

 

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