Cedar Park Real Estate Market Report

June 2020


The Cedar Park real estate market has roared back to life with the number of sales almost equaling 2019 and the number of pending homes under contract is at almost 2-1 compared to homes active. The supply/demand statistic is what tells us where the market is going. We are likely to see higher prices over at least the next few months.

The highest priced home sold in Cedar Park was in The Reserve at Twin Creeks and the lowest priced home sold was in The Cedar Park Ranchettes. Of the 129 homes sold 20 were over $500,000 showing the upper end of the market had a great month.

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.

 

 

 

May 2020


Whenever you see real estate statistics here or in the newspaper the headlines focus on what’s happened in the rear-view mirror. If you are planning to sell or buy real estate that might be interesting but the current market conditions will have more of an impact your plans. This month we are highlighting the supply and demand statistics. With almost 2 homes under contract for every active listing we are in a strong seller’s market.

What this means for sellers is despite the ugly numbers you are seeing for April and May sales you should have every expectation you can sell your home for a great price. What this means for buyers is if you are waiting for the market to crash you are likely going to be disappointed and will pay more for the same home in the future.

In May the highest priced home in Cedar Park was sold in the Ranch at Brushy Creek. The lowest priced home was sold in Buttercup Creek. The highest $/SF home was sold in Shenandoah and the lowest $/SF home sold was in Carriage Hills..

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.

 

 

 

April 2020


In April, we saw the number of sales decline by 90 from last year. That’s about what we’d expect to see during a pandemic. With 123 homes pending as of 5/1 things should start looking better going forward. 123 homes pending with only 88 homes active means we still have a strong seller’s market. However, we are seeing homes that are not selling. Although we are optimistic, we have definitely entered a more professional market and who you hire to sell your home does matter. In April the lowest priced home was in Cedar Park Town Center and the highest priced home was a 5,451 SF home on 4 acres located between Vista Ridge and 183A.

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.

 

 

 

 

Buyers should verify neighborhood boundaries and HOA amenities prior to purchasing a home.

 

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