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Alison Shuman

Avery Ranch in Austin Texas | October 2011 Market Report

Avery Ranch: A Master-Planned Community in Austin, TexasAvery Ranch Open Space

Avery Ranch is an 1,800 acre master-planned community with over 4,000 homes on over 17 acres.

The community has amenity centers, tennis courts, pools, and hike & bike trails and is located approximately 16 miles north of downtown Austin, just west of Round Rock, and east of Cedar Park in Williamson County.

Avery Ranch is bounded by Brushy Creek to the north, Great Oaks Drive, to the east, the new 45 Toll road to the south, and the new 183A Toll road to the west.

Avery Ranch is surrounded by first-class schools, shopping and entertainment, and is also home of The Golf Club at Avery Ranch, a 226 acre 18-hole golf course bordering a 60-acre lake.

Market Activity For Avery Ranch for 2011

  • As of October 8th, 2011, there are 47 properties for sale in Avery Ranch
  • The median list price for these properties is $234,900 with a range of $159,900 to $734,950.
  • The median size of the 47 homes that are for sale is 2,236 square feet with a range of 1,356 to 4,863 square feet.
  • So far this year, of the 122 homes that sold, the median selling price was $232,250 with a range of $144,180 to $564,000.
  • Median days on the market for the homes that sold was 43 (average was 61).
  • Of the 251 listings so far this year, 56 expired (18) or were withdrawn (38). These homes were all built between 2001 and 2011.

The actual house at the median point of the homes for sale is 2,374 square feet and boasts a 2-car garage, hardwood and tile floors downstairs and granite counters in the kitchen. It sits on a lot that is about a quarter-acre and is fully fenced.

Photos of Typical Homes in Avery Ranch

Note: these homes were not for sale when these photos were taken. They are shared here to give you an idea of the types of homes in this subdivision.

Home in Avery Ranch Austin Texas

Home in Avery Ranch Austin Texas

Home in Avery Ranch Austin Texas

Home in Avery Ranch Austin Texas

Home in Avery Ranch Austin Texas


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Grand Mesa at Crystal Falls 78641 | Leander TX | Real Estate Report 2011

Love the Sweeping Hill Country Views of Crystal Falls?Crystal Falls in Leander Texas

We certainly do. The almost-600 homes in the Grand Mesa section of Crystal Falls are situated on large home sites with native trees, and many have sweeping view of the Texas Hill Country.

A few the homes in Grand Mesa at Crystal Falls are at the Western-most edge of Williamson County while the rest are in the Northwestern part of Travis County. All are in the city of Leander, Texas and are served by Leander ISD.

Real Estate Activity for Grand Mesa at Crystal Falls for 20110

  • 50 homes in this subdivision have been on the market through October 8th, 2011.
  • The smallest was 2,249 square feet and sold in 36 days for $244,500.
  • The largest was 6,340 square feet and sold for $680,000 in 52 days.
  • Of the 22 listings that have sold, the median selling price was $509,200. The median days on the market for those 22 was 64.
  • Of the 23 active listings as of October 8th, 2011, the median asking price is $525,000 with a range of $290,000 to $999,950.

texas limestone wall in Crystal Falls TXTexas Strong

In addition to sweeping Hill Country views, Grand Mesa at Crystal Falls has a LOT of native Texas limestone, used for the exterior of homes, for extensive landscaping of homes as well as common areas, and along the carved out stretches of road that traverse the area.

Stacks of limestone also define the entrance to Cap Rock, as part of a small man-made waterfall.

We also noted a deer hiding at the edge of a small forest, and some cacti, also used as drought-resistant landscaping. We particularly liked photographing the cacti because of the intense coloration and prickles.

The Crystal Falls Golf Club

One of the draws of this are is the Crystal Falls Golf Club and Course, located Southeast of Crystal Falls Parkway, at the Southeastern edge of the Grand Mesa at Crystal Falls subdivision. For 2010, club membership rates began at $1200 for an Annual Weekday Single Membership. If you decide to play Crystal Falls, you'll want to bring a lot of extra balls. The course is well-known for sloping fairways that will send your ball off into the grass, or off of a cliff.

Photos of Homes in Grand Mesa at Crystal Falls

Please note: these houses were not for sale when these photos were taken. They are shown here to show the types and styles of homes that can be found in the Grand Mesa at Crystal Falls subdivision.

grand mesa at crystal falls in leander Texasgrand mesa at crystal falls in leander Texasgrand mesa at crystal falls in leander Texas

House Appraisal: How to Find the Value of a Home

A House Appraisal: Find the Value of a Home

How do people find the value of a home? Meaning, what a home (usually their home) is worth? Of the most common ways to find the value of a home, a formal house appraisal is the most accurate. If you REALLY want to know what a property is worth, you need to know why most (cheap and easy) ways to find a home value aren't accurate.

If the value you find for a property isn't right, then what good is that?

Ways to Find Home Value

A House in Texas

  • On-line (Internet) "instant" home values websites These are probably the worst way to find the home values - they rely on incomplete information, and the data is often out of date. Yeah - they're fast but what good is fast if it's wrong?
  • What a neighbor's house sold for last year Another unreliable source of information - unless the neighbor's house is exactly like yours and the sales price has been confirmed by someone with access to the real numbers for the sale.Even then, the market TODAY might not be what it was when the neighbor's house sold and we all know that timing matters a lot in real estate.
  • The tax records Although these should be a good source of home values information, tax records are frequently wrong since the tax district doesn't usually know about updates or renovations to a home unless the updates required a permit. Tax records also don't show that the homes sales prices in an area are going up or going down. Tax values also rely on huge databases of information that may not be up to date.
  • A local real estate agent An experienced real estate agent can give you information about other homes that have sold in your area, which can give you an idea of what your home might sell for if you are planning to sell it. Unless you really are planning to sell, though, and are looking for an agent to list your home, a local agent might not want to spend the several hours that it takes to pull the best sales data for homes like yours that sold in the last few months.
  • A house appraisal Otherwise known as a real estate appraisal, a house appraisal is the formal way to find the value of a home. Real estate appraisers have to have formal training, pass difficult exams and use very well-defined ways (approaches to value) to figure out the actual, current market value of a home.
  • Read the article Appraisal Steps: Determining Market Value of Property to understand what an appraiser does to figure of the value of a property.

Which Way Will Work For You?

Sometimes, you just want an idea of what the value of a home is. In that case, check out the on-line home value sites. Or, check out the tax records just for fun. If you're planning to sell your home, call a local real estate agent who knows your area well. If your home is unusual (really big, really small, on a huge lot, heavily upgraded . . .) or you want the most accurate market value opinion for your home, you should bite the bullet and call a local real estate appraiser to do the job.

What is the Difference Between a Certified Appraiser and a Licensed Appraiser in Texas?

What is the Difference Between a Certified Appraiser and a Licensed Appraiser in Texas?

Short answer: the amount of real estate appraiser education and training, as defined by the Texas Appraiser Licensing and Certification Board (TALCB). Also: the types of properties the appraiser can appraise.

The table linked in from TALCB, above, provides the best summary of the differences in Texas between the licensing levels for a Certified Residential and a Licensed Appraiser (as well as for a General Appraiser, the highest-level of license that also permits the licensee to appraise commercial property.)

Certified Appraiser Licensing Requires More Experience and Education

To obtain the license level of a Certified Appraiser in Texas, a candidate needs more education (both undergraduate education and appraiser-specific education) and more documented hours of appraisal experience, over a longer period of time. Each licensing level requires the applicant to pass an exam (the National Uniform State Appraiser Examination) specific to that level of licensing. The exams are developed by the Appraiser Qualifications Board (AQB).

The Bottom Line on Certified vs. Licensed

If you want to join the profession: study the differences and talk to appraisers at different license levels to decide which level to pursue (hint: Certified).

One More Thing: How Much Property the Certified Appraiser Can Appraise

"May appraise 1-4 unit residential properties without regard to transaction value or complexity of the appraisal for federally related transactions (FRT) and non-federally related transactions (Non-FRT). May associate with a Certified General Appraiser, who must sign the report, to appraise nonresidential properties."
(From TALCB)

NW Austin Property Tax Rates: A Comparison and Explanation

Austin Tax Rates Differ Widely from Area to Area

Shopping for a home in Austin Texas?

The tax rates here can be confusing to folks moving in from other parts of the country.

Property Tax Rates in Northwest Austin

A property can be taxable by different governmental entities such as Austin Community College, Austin Independent School District, or a utility district. For reference, the complete chart for the Travis County 2011 Tax rates can be found on the Travis County Website. Since parts of NW Austin are also taxed by Williamson County, you might also refer to the 2010 Williamson County Tax Rate Schedule.

Confusing, isn't it?

Northwest Austin Property Tax Examples

Let's talk specifics.

In the MLS (Multiple Listing Service, known as ACTRIS here) area called NW (for Northwest), the tax rates for homes currently listed for sale range from 2.08 to 2.6444. Of the 145 homes currently listed for sale and the tax rate field is populated, the median tax rate is 2.4699. (Median = the one in the middle where half are higher and half are lower.)

Here is an example of the estimated tax schedules for two homes NW Austin. One is listed for sale for $194,000 and the other is listed for sale for $195,000.

nw austin tax rates
nw austin tax rates

Note that the estimated taxes for these vary by $351. (One is $5010 and the other is $4659). These estimates are based on the assessed values of the properties which are supposed to be the same as market value, but might not be!

You should also note that each of those two examples show that different entities are assessing taxes on these properties.

And note that the actual tax may vary in the end, depending on whether or not the homeowner qualifies for any Travis County property tax breaks or property tax exemptions. Or perhaps they qualify for Williamson County tax breaks or tax exemptions.

The Impact of Different Tax Rates on an Austin Home Owner's Monthly Payment

On a $200,000 home, if all $200,000 is taxable (depends on whether or not the home and/or owner qualify for any exemptions):

  • A tax rate of 2.08 would mean $4,160 in property taxes per year (or $347 per month)
  • A tax rate of 2.644 would mean $5,288 in property taxes per year (or $441 per month)

The median price of a home for sale in NW Austin as of September 23rd, 2011 is $232,917. At the median tax rate of 2.4699, that would suggest a yearly tax of $5753.

If you've done the math on what your new mortgage is going to run, you now know that the property taxes are going to add up to a non-trivial part of your cost of ownership.

What You Need to Know About Austin Tax Rates

The really important thing to keep in mind is that the tax rates vary by area.

  • If you are a buyer, you need to make sure you know the combined rate for a property you are planning to purchase because it can impact the price you can afford to pay for the property.
  • You can't assume that the taxes paid by the current owner will be the taxes you will pay because the actual tax amount changes yearly and is based on the tax assessor's estimate of the market value of the property.
  • Tax breaks tax exemptions will impact the actual taxes you pay as a home owner.
  • Get a copy of the REALIST tax information on a property from your buyers agent and if you have any questions about the taxes on a property, call the taxing district to get the answers you need.