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Market Conditions in Cedar Park : Real Estate Advice

  • All107
  • Local Info9
  • Home Buying37
  • Home Selling1
  • Market Conditions6

Activity 9
Thu Sep 3, 2015
Susie Kay answered:
I would suggest that you work with a local realtor to assist you.

Good luck!
0 votes 1 answer Share Flag
Fri Jun 19, 2015
David Wiebe answered:
Cedar Park town center is a good place to buy rental property as it is close to 183A for quick travel to Austin also140 has all the shopping you could want and Cedar Park Regional Hospital is close. ... more
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Wed May 28, 2014
Jordan Gouger answered:
I agree with Jonathan. Cedar Park and Leander have the hottest real estate markets in Austin right now, largely due to a shortage of inventory. The median sale price is up to $234,000 and inventory is down from last year.

Cedar Park offers many amenities that few other places in Austin can offer. First, there is Metro Rail which has provided commuters an easy way to access both the Domain and Downtown from both Cedar Park and Leander. Their parks are quite nice and they have some of the best performing schools in the metro area. All of these factors have made Cedar Park an extremely desirable place to live.
... more
0 votes 2 answers Share Flag
Tue Jan 21, 2014
Craig Ellmaker answered:
Depends on the HOA. But if they are tenants and not homeowners then it is maximum of 2 people per bedroom.

0 votes 2 answers Share Flag
Sun Sep 16, 2012
David Wiebe answered:
Here are some great stats for Austin and the surrounding area.

The Week of Aug. 10-25, 2012 in Review:
Units for Sale: (compared to the same week in 2011)
New listings up 5.42%.
Pending sales up 21.15%
Solds up 4.70%

As for Average Prices: (compared to the same week in 2011)
Sold average sales price increased 12.60% from $250,342 in 2011 to $281,882 today!

Current pending sales are up 28.54% compared to 2011. As of today, we have 3,756 pendings with an average list price of $259,071. Last year we had 2,922 pendings with and average list price of $244,651.

Current active listings are down 16.87% compared to 2011. As of today, we have 8,836. Last year we had 10,629.

The Month of July 2012 in Review:
Preliminary July 2012 Data:
Units for Sale: (compared to July 2011)
New listings up 9.67%.
Pending sales up 18.66%.
Solds up 24.35%

As for Average Prices:
The "New Listings" average list price is up 2.65% to $304,219. In July 2011 the average list price was $296,359.
Sold average sales prices increased 7.58% to $276,822. For July 2011 it was $257,322.

Available Inventory of Homes
We had 10,629 active listings during the same week in 2011. Today we have only 8,836 -- a 16.87% decrease from a year ago (when inventories were down from the year before).
... more
0 votes 16 answers Share Flag
Tue Mar 22, 2011
Stephen McClain answered:
Good day to you. I want to compliment my colleagues below on their answers. Good information and certainly promising. It is no big secret that Austin offers a great quality of life, has not experienced the slow down near to the same degree as other markets and thus will rebound sooner than later. The market is undervalued. That is a fact. That means great opportunity for you as an investor.
I can write the same paragraph for Raleigh. Raleigh has also consistently been positioned historically as one of the 10 best Cities/Areas to call home. The demographic characteristics of Raleigh and Austin are quite similar though each in different environments. Both communities offer high qualities of life, both are locations for nationally ranked universities, both have similar growth patterns, both are vibrant, modern cities where people want to live, both offer good job opportunity with above average pay scales, both cities have above average levels of higher educated people, both will continue to grow over time, etc. etc. Simply put, both are modern diversified communities where people want to and will continue to want to live.
SO WHY NOT DIVERSIFY. As an investor one of the first rules of thumb that we are taught is to "leverage" your position. Granted the price points are not exactly the same but the economics are similar enough to create opportunities for great returns in both marketplaces over time without holding all your eggs in one basket. Spread your investment wealth so as to hedge your future position. Thus your investment dollars have less exposure to economic uncertainty. Target the "meat" of the markets with your investment dollars. Find the price points where the activity for growth, rental income streams and ROI is the maximized. Make your money work hard for you. You earned it!
Happy investing and good luck.

Stephen B. McClain, Broker Owner
Cornerstone New Home Solutions
512 876-3116
... more
0 votes 4 answers Share Flag
Fri Mar 18, 2011
Brian Rayl answered:
Average time on market depends on a lot of factors including the condition of your property and the price you list it at. I can guarantee you that if you price it at $100 (one hundred dollars) you will have a sale in 0 days on market.

My advice to you would be to speak with a local real estate agent who knows your area well and will be straight forward with you regarding pricing and conditioning. If it is priced right and it is conditioned right, then it will sell.

I have a coworker that specializes in that area. If you would like, I would be happy to refer you to her. She will be able to give you a ton of information on the current housing market in Deer Creek Ranch. Contact me if you are interested.

Because it's more than real estate. Its RAYL-Estate!

Brian Rayl, REALTOR®, e-PRO, SFR
Keller Williams Dallas Park Cities
... more
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Tue Oct 19, 2010
George Kiefer answered:
If the home is a Short Sale (or about to go Short Sale); the chances are certain the price will keep dropping until it is contracted.
0 votes 6 answers Share Flag
Fri Aug 20, 2010
Victoria Pando answered:
Always is the best time to Sell, many people are moving to Austin Area because of the great job opportunity (not just for the summer), when you go out you can see cars with plates from around USA, so take advantage of this situation and sell, You have to be aware also that we have more inventory this year so you have to be careful with your price and conditions of the house. The marketing is important because great pictures makes a big difference.
Good Luck!!!!!!
... more
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