Homes in the Ranch at Deer Creek in Cedar Park Texas are selling quickly for the first 5 months of 2011.
2011 Sales Data Through June 6th, 2011
- Of 28 listings, 15 have sold.
- This is an absorption rate of 3 homes per month, which means 3 homes per month have sold in the last 5 months.
- 5 more homes are under contract.
- 8 listings in the Ranch at Deer Creek are active. This means we have
less than 3 months of inventory for buyers who want to buy in this
area. This is good news for sellers.
- The median days on the market for the sold homes was 52, for the pending homes it was 27.
- This means the typical homes that most recently sold in this area went under contract less than a month after they were listed.
- The median price of the homes that sold was $300,000.
- The least expensive home that sold was $212,000 for a 2,214 square foot, 3 bedroom and 2 bathroom home built in 2004.
- The most expensive home that sold was $383,500 for a 4,332 square foot home built in 2003 with 5 bedrooms and 4 bathrooms.
- Of the 8 active listings, the prices range from $215,000 to $379,000.
(Wouldn't you like to sip a nice tall glass of tea on a front porch like this one?)
What Are the Monthly Payments on a House in The Ranch At Deer Creek in Cedar Park, Texas?
Here are some numbers for purchasing a home in the Ranch at Deer Creek in 2011.
For a $300,000 home (the median price):
- If a buyer can put 20% down ($60,000)
- $240,000 would need to be financed
- Taxes at just under 2.8% per year would run about $8400
- Insurance might be about $1,100 per year
- A 30 year mortgage at 4.75%, including taxes and insurance would be just under $2,045 per month.
What are the Homes like at The Ranch at Deer Creek?
Most of the 635 homes at The ranch at Deer Creek at the western edge
of Cedar Park in Travis County, Texas, were built between 2001 and 2007.
Homes range from just over 2,000 square feet to about 5,000 square
feet. The developers of this subdivision left many of the Texas Live Oak
trees in place, which means the area has a lot of mature trees as well
as smaller ones planted when the houses were built.
Many homes have limestone and brick on the exterior.