Pflugerville, TX

I have been tracking the progress of the new Stone Hill Town Center over the past few months. Since it sits about a mile and a half from our home, I am very much looking forward to the opening. Home Depot has been open since last May, standing as the lone store until Verizon Wireless and Mattress Firm opened last month.

I read that Best Buy's grand opening will be February 27th, and SuperTarget will open nine days later, on March 8th. Bealls is also expected to open sometime in March.

Other springtime openings at Stone Hill include:

• GNC
• Quizno's Sub Shop
• Sport Clips
• Rack Room Shoes
• rue21
• Maurices women's apparel
• Chick-fil-A

By mid-summer, Dick's Sporting Goods and PETCO should be open (probably July). In the fall, Office Depot will debut there.

Unfortunately, some of the planned tenants are no longer intending to participate, primarily because of nationwide cutbacks. Chili's restaurant will not open at Stone Hill after all (which is a disappointment to the Crouch family), nor will 24 Hour Fitness or the planned Cinemark theater. Apparently, the developers are still hoping to have both a gym and a theater, but it may be different companies that end up opening in this particular center.

Thanks for reading this brief update. If you need any help with Austin real estate, please feel free to call me at 512-796-7653 or email jason@austintexashomes.com.

Falcon Pointe is a 700-acre master-planned community in the fast-growing Pflugerville, Texas area, which is adjacent to Austin on the north side of town. As the largest master-planned community in Pflugerville, Falcon Pointe offers homes priced from the $170,000s to $300,000s by leading builders, along with a popular Residents' Club, parks and greenbelt trails. Falcon Pointe is home to three on-site schools, all part of the highly acclaimed Pflugerville Independent School District.

Currently, there are 20 new and resale homes available in the Austin MLS in the Falcon Pointe area, with an average asking price of $237,203. The average square footage for these homes is 2,857, for an average price per square foot of $83.65.

Presently, there are 4 homes under contract in the subdivision, with an average listing price of $226,723, and an average square footage of 2,466, yielding an average price per square foot of $92.80.

Over the past calendar year, there were 47 sales closed within Falcon Pointe. This does NOT include any direct sales from builders to consumers that do not appear in the MLS. The average listing price for the sold homes was $248,431 and the average sales price was $228,767 (92.1% of asking). The average size was 2794 s.f., which put the average price per square foot at $83.40 with the average days on market running at 87 days (slightly more than the overall Austin market).

In other immediate area news:

Located at the southwest corner of the intersection of the aforementioned toll roads (45 and 130), Stone Hill Town Center is now partially open, and it promises over 1,000,000 square feet of shopping and entertainment when completed. Home Depot, Verizon, and Mattress Firm are already open, soon to be followed by Super Target, Best Buy, Chili's, several retail clothing stores, a large Cinemark theater, 24-Hour Fitness, and much more.

To read more details about this center and to see a list of stores and restaurants, check out my recent article here:

Stone Hill Town Center - Pflugerville, Texas Shopping - UPDATE!

If you would like to see the proposed layout, you can visit the developer's website and see the site plan here:

http://www.newquestproperties.com/property_retail/property/Stone%20Hill%20Town%20Center/SitePlan/pfu5-07.pdf

If you are a consumer living in another area around Austin and you are interested in seeing the trends in your particular neighborhood, please don't hesitate to contact me, and I can create a custom report for you. All of my contact information is below.

If you are considering selling your home in Falcon Pointe (or anywhere in the general Austin area), please feel free to give me a call. I would love the opportunity to help you get it sold quickly. You can visit my primary website at www.austintexashomes.com. You can also reach me anytime on my cell phone at 512-796-7653 or via email at jason@austintexashomes.com. Thanks for checking out this brief analysis!