Oak Forest subdivision is in Travis County and within the City of Austin. The area is also located in the highly acclaimed Round Rock Independent School District. Located within the neighborhood, Kathy Caraway Elementary School has received the Presidential Blue Ribbon Award for excellence. There are currently 565 students and 34 teachers, yielding a student-teacher ratio of 15.6. Last year, Canyon Vista Middle School was named a Blue Ribbon School for the second time, a first for a Texas school. Having these schools serve the neighborhood is an added bonus for everyone, especially those families with school-age children.
Located in Northwest Austin with easy access to Highway 183, Oak Forest has been one of the more popular area subdivisions for many years. Residents appreciate that first-class shopping, major employers, medical facilities and recreational areas are convenient. Oak Forest is a family neighborhood of custom-quality homes priced from the low 200's to the upper 300's.
The subdivision has enjoyed having over 15 custom builders within its five sections. As a result, there is a refreshing variety of home styles from contemporary to traditional. Tree lined streets and large lots, a community pool and active neighborhood associations all combine to create a most desirable place to live.
Oak Forest's cable and electrical lines are underground, creating a clean look. It's streets are comfortably wide, with curbs, gutters and sidewalks. Of the 28 streets and cul-de-sacs in the subdivision, only four carry significant traffic - which adds to the safety of the area. Being on the edge of the Texas Hill Country in Northwest Austin, Oak Forest has a rolling terrain which beckons to those who enjoy running, cycling or a quiet after-dinner stroll at sunset.
Mary "B" Battaglia GRI, CRS
Located within Travis County and the City of Austin, Balcones Oaks is also served by the highly acclaimed Round Rock School District. Kathy Caraway Elementary, within the neighborhood, recently received the Presidential Blue Ribbon School Award for excellence. Nearby Canyon Vista Middle School received this award in 2000 for the second time, a first for a Texas school. Having these wonderful schools serving the neighborhood is an added bonus for everyone, especially families with school age children.
Balcones Oaks is convenient to many major employers and medical facilities at Seton Northwest Hospital. It has easy access via Hwy. 183 to Loop 1 going downtown and Hwy. 620 leading to either Round Rock or Lake Travis. You will find yourself almost midway between the multitude of shops at The Arboretum and the new Lakeline Mall. Balcones Oaks is an area that is a pleasure to experience!
The quiet, tree lined streets and cul-de-sacs in Balcones Oaks set the tone of this small, select subdivision off Hwy. 183 in the Northwest part of Austin, Texas. An area of custom built homes on spacious, parklike lots, Balcones Oaks features a variety of home styles priced from the oow 200's to the mid 300's.
Mary "B" Battaglia, GRI, CRS
Austin Area Market Summary
February 2007
Review of the overall Austin market:
•- Compared to this time last year, the number of single-family homes sold dropped by 10%. During the same time, the average sales price has remained the same at $234,324.
•- The total number of single-family listings is up 24% compared to this time last year, which is keeping prices stable as competition increases.
•- The months of inventory in the Austin market has remained at just over 5 months, which is beginning to favor buyers.
•- The average days on the market for single-family homes has moved seasonally higher at 75 days.
Georgetown: (average price is up 7% from a year ago to $224,353) Sales of single-family homes for the first two months of 2008 are down 9% compared to last year. There is 6.4 months of inventory and the number of active listings has increased from last February by 46% to 566 listings.
Round Rock: (average price is up 4% from a year ago to $209,973) Single-family home sales are down 17% compared to February 2007. There is a balanced 4.3 months of inventory of homes available. Compared to last year the number of active listings has increased 27% to 817. This area is among the top 25 most active MLS market areas.
Cedar Park/Leander: (average price is up 10% from last year to $199,855) Single family home sales decreased 9% for the year and the index for months of inventory has increased to 4.2 months, which is balanced. The number of active listings is steady from last month to 670. This area is among the top 25 most active MLS market areas.
North/Northwest: (average price for 2008 compared to 2007 is up 5.6% to $289,269); single family home sales in this area are off 12.3% compared to last year. The number of active listings is up 27% compared to last February, and steady from last month at 248 units. This represents a healthy 2.6 months of inventory, which favors Sellers. This area is in the top 25 most active Austin MLS markets.
Westlake: (compared to February 2007, the average sales price is off in 2008 by 2.4% to $767,559) Single-family home sales in this area are down 36% compared to this time last year. Currently, there are 250 active listings; this is up 51% compared to last February; as a result of this increase, the months of inventory has increased to 6.7 months, which slightly favors buyers.
Southwest: (the current average sales price for 2008 compared to February 2007 is up 8.6% to $233,929). Single-family home sales are down 2% compared to this time last year, and there is a 2.7 month supply of homes, which favors Sellers. Active listings are up 49% to 442 compared to a year ago. The Southwest area is among the top 10 Austin MLS markets.
South: (the average sales price compared to last February is up 12% to $159,053) Single-family home sales are off 16.5% compared to last February YTD. There are 3.6 months of inventory, which reflects a balanced market. Active listing inventory is down slightly to 160 units.
Lake (South shore): (the average sales price for 2008 is up 6.1% over 2007 to $433,049) the number of homes sold so far this year is 6% less than this time last year. The months of inventory index has risen to 11.9 months, which favors Buyers. There are 722 homes for sale, which is slightly less than last month, but 24% more than this time last year. With the average sales price continuing to increase and inventories at high levels, this is an indicator that buyers are finding greater value in higher priced properties.
Provided by Mary "B" Battaglia, GRI, CRS; Your Best Link to Austin area Real Estate
Austin Area Market Summary
December 2007
Review of the overall Austin Real Estate market:
•- Compared to 2006, the number of single-family homes sold dropped by 8%. During the same time, the average sales price increased 6% to $250,552.
•- The total number of single-family listings is up 10% compared to this time last year.
•- The months of inventory in the Austin market has increased to just over 5 months, which is beginning to favor buyers.
•- The average days on the market for single-family homes remains steady at 62.
The Austin real estate market has experienced a decline in transactions through the MLS for the first time in many years. That said, Austin's average and median prices continue to increase. The Austin area continues to be rated in multiple categories among the nation's top cities to live.
Georgetown: (average price is up 7% from a year ago to $224,353) Sales of single-family homes for 2007 are down 5.5% compared to 2006. There is 5.5 months of inventory and the number of active listings has increased very slightly to 484.
Round Rock: (average price is up 6% from a year ago to $211,146) Single-family home sales are down 5.6% compared to 2006. There is a balanced 4 months of inventory of homes available. Compared to last month the number of active listings has remained steady at 911. This area is among the top 20 most active Austin MLS market areas.
Cedar Park/Leander: (average price is up 10% from last year to $199,855) Single family home sales decreased 9% for the year and the active inventory is balanced at 3.6 months. The number of active listings is steady from last month to 670. This area is among the top 25 most active Austin MLS market areas.
North/Northwest: (average price for 2007 compared to 2006 is up 8% to $309,136); single family home sales in this area are off 17.6% compared to last year. The number of active listings is down 11% compared to last December, and steady from last month at 273 units. This represents a healthy 2.6 months of inventory, which favors Sellers. This area is in the top 20 most active Austin MLS markets.
Westlake: (compared to 2006, the average sales price rose in 2007 by 10% to $790,436) Single-family home sales in this area are down 12% compared to this time last year. Currently, there are 219 active listings; this is down 10.6% compared to last December. There are 5.6 months of inventory, which slightly favors buyers.
Southwest: (the average sales price for 2007 compared to 2006 is up 12.8% to $228,546) Single-family home sales are down 10.7% compared to this time last year. There is a 2.3 month supply of homes, which favors Sellers. The number of active listings is up 2% to 433. The Southwest area is among the top 10 Austin MLS markets.
South: (the average sales price compared to last December is up 11% to $150,081) Single-family home sales are identical to 2006, and there are 3.3 months of inventory, which reflects a balanced market. Active listing inventory is steady at 177.
Lake (South shore): (the average sales price for 2007 is up 7.7% over 2006 to $477,681) the number of homes sold this year is 18% less than last year. The months of inventory has dropped slightly to 9.9 months, which favors Buyers. There are 732 homes for sale, which is slightly less than last month, and 34% more than this time last year. With the average sales price continuing to increase and inventories at high levels, this is an indicator that buyers are finding greater value in higher priced properties.
Best Regards,
Austin, Texas
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Over 20 years experience in Austin, Texas real estate as a top listing agent, buyer agent and corporate relocation specialist. I stress consistent communication & tenacious representation.
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