Today let's have a look at Balcones including the "new" side 30+ years ago - Spicewood.
Currently there are 3 homes for sale, averaging 3401 sqft* asking $486,267 or $146/sqft*, and 109 days on the market.
Under Contract we find 7 homes averaging 2990 sqft* asking $315,852 or $155/sqft* at 35 days on the market.
Sold in the past 90 days - 21 homes averaging 2684 sqft* asking $413,490 or $154/sqft* at 36 days to sell.
Can we assume where the market is heading since the current $/sqft* is below the contract and sold homes? No. This is an older neighborhood with many homes remodeled or updated to varying degrees. It takes a much closer look to understand exactly what is happening at any one moment. Knowing the neighborhood for 40+ (Yikes!) years helps so long as I also diligently do my homework to be sure I am setting a value based on where a specific home fits the current, ever-changing market. Experience is a good thing! (I keep saying that more and more as I get older.) Re-researching is just as important.
So if you have a home to sell in Balcones or Spicewood, please let me look closely at where your property fits into the current market. Then if we decide to move forward, I'll take beautiful photos and make sure every potential buyer has an easy time finding and being attracted to come see your house.
Beautiful Photos Sell Beautiful Homes!™