Homes Sales Information and Statistics for Meadowlakes, Texas for 2011
If you are thinking of buying or selling a home in the Meadowlakes area, following is the sales data for 2011 for single family,
non-waterfront homes. Inventory levels have crept up a bit this year and sales have averaged about 3 homes per month
(which gives us about 14 months worth of inventory). The Average Days on Market increased as the year progressed and
the Average Price per Square Foot dropped. Hopefully this trend will start to reverse itself in the first quarter of 2012. Homes are selling, but need to be appropriately priced.
1/1/2011-12/31/2011
(Single-Family, excludes Waterfront Homes)
Active & Pending are as of 12/31/2011*
| Status |
# Homes |
Average Price |
Average Price/SqFt |
Average Days on Market |
| Active |
42 |
$227,596 |
$102.41 |
161 |
| Pending |
2 |
$160,000 |
$ 99.30 |
93 |
| Sold |
35 |
$233,894 (Sold Price) |
$ 95.23 |
129 |
*information taken from the Highland Lakes MLS system and deemed to be correct at time of publishing.
Selling a Home in Meadowlakes: Inventory levels have risen as the year has progressed and there is now over one year's worth of inventory. What this means is that it is taking longer to sell a home on average, the price per square foot has dropped on average and overall, your home will likely sell for a bit less. Given this trend in the neighborhood, as a home seller, the following things may help you to get more money for your home and potentially sell it quicker.
- Make sure your home is well maintainted. Fix any little broken or damaged items. Be sure that your home is freshly painted and clean and tidy. Spruce up your yard, rake leaves, trim overgrown plantings.
- Have your real estate agent look through your home and advise you about staging. Some agents, such as Paragon Property Group can assist their clients with staging and can provide some staging items to help a vacant home show and photograph better. You may benefit from paying a professional home stager in some cases. Believe me, it is well worth the any money you spend - your home will be most appealing to buyers in the market place. And, remember, almost 90% of all buyers start their search for a new home on the internet - your home needs to photograph well to even get them to make an appointment to take a look. Put your best foot forward. Professionally done photographs can also be of great benefit - better photographs on the internet will likely mean more "hits" on your property online.
- Price your home appropriately. Overpricing your home may mean it will take longer to sell your home and ultimately you may actually get less when you do finally get an offer. You are competing with a lot of other homes already on the market. If you really want to sell, be realistic up front. Get a market analysis on your home. We provide free market analysis to potential sellers in our area.
Given the current sales pace in the Meadowlakes area, you need every edge that you can get in order to get your home sold as quickly as possible and for the highest price possible. Position your home well to get it SOLD!
Buying a Home in Meadowlakes: It is a great time to buy! Interest rates are still at their lowest levels, there is plenty of inventory and some great deals out there. There are many motivated sellers who have priced their homes to sell, so take advantage of the opportunity to buy a great home in a great neighborhood at a great price.
- Get Pre-qualified. Your buying power is higher when interest rates are low, so it can be a great time to buy.
- Work with a professional full-time agent who is familiar with the Meadowlakes market and will work with you as a buyer's agent. Remember, if you call the Listing Agent to show you a home, they work for the Seller and are unable to properly represent you as a Buyer. You deserve to be properly represented and get the best information possible.
- You can sign up to receive free automatic listing updates for the Meadowlakes area. You will receive an email every time a new listing that meets your criteria comes on the market or is reduced in price.
Meadowlakes is a wonderful gated, golf course community in the heart of the Central Texas Hill Country, popular both with full-time residents and second homeowners. The community features access to Lake Marble Falls and there is a tennis and swim facility. Overall, it's a great way to live a resort lifestyle and still be within close proximity of both Austin and San Antonio.
