It has been a while since you asked this question and things have changed a little. The new construction prices are still pretty firm between $80-100 per square foot.
That said there have been many foreclosures in the last year which has changed things a bit. Right now I am seeing foreclosed homes built in the last five years selling for anywhere from $50-80.PSF. So now is a great time to buy a newer foreclosed home.
Sometimes the foreclosed homes may need a little cosmetic work. People loosing their homes are usually desperate and unhappy and sometimes they may remove all of the lights, ceiling fans and appliances to sell for cash. So you may need to spend a couple thousand to get it ship shape and move in ready. Let me know if you have more questions, I am happy to help.
In 2009-Kyle was voted the 5th largest growing city in Texas.
Also in 2009, Kyle has advanced in Commercial and Retail development.
Yes the some of the builder prices have gone up, but this in part due to the closing costs, prepaid items and builder insentives that have been rolled into the price of the home. For the most part in the resale market has been correcting downward, homes are staying on the market longer and sellers are having to make some concessions to get their properties sold to compete with the builders in the area. What I am seeing is ratio of lease signs increasing and for sale sings decreasing in a lot of neighborhood for multiple reasons.
Beware of those who only tell you what you want to hear...
Get qualified with a local lender and find yourself a buyers agent to help guide you through the home buying process. There are some good deal out there for buyers but you need to work with someone having the resources to help and advise you along the way, espcecially if you are a first time buyer...
The trend has gone up over the last 5 years. Not only due to the fact that Austin is one of the top real estate markets in the country, but also due to Kyle growing and moving in the right direction. Although over the last year, it has tapered down slightly due to the economic change overall. Although we are not seeing the main affects that literally all other areas are, it has somewhat affected the market very slightly. Last year the average sale price during the month of April was $187,340, where as this year it was $178,920. Not a major change, still holding. Total solds last year were 92 and this year 75. This was partly due to the major bang of new homes in the area. I don't think this is anything to get flustered over. I help many people buy homes in Kyle, and I know that it is one of the best places you can buy. Please let me know if you have any other questions.