Cedar Park Leander Real Estate Update
Cedar Park Leander Real Estate Update.
The real estate market in Leander/Cedar Park is seeing its usual increase in home sales for this time of year. There is usually a gradual in crease in the number of homes on the market and sold starting in March and running through August, at which time it starts to taper off. Taking the numbers below into account, Leander and Cedar Park have less than 4 months of inventory.
Generally speaking, 6 months of inventory is a neutral market., and below that is a seller’s market, and more than 6 is considered a buyer’s market. For the first time in more than 4 years we are seeing multiple offer situations. Although, it makes it a little harder when shopping for a home, this is great news for home owners and a good sign with respect to the economy and our area.
Leander and Cedar Park both have lots of new growth both in the business and residential communities. Leander annexed 183 acres of mostly undeveloped land near FM 1431 and Nameless Road, the property known as Crystal Falls West. The property is owned by Lookout Partners and will be mostly residential with some multifamily and commercial around the major thoroughfares with some park use, future schools, and a fire station. The first phase of construction is scheduled to begin in 2014.
The partners of Schlitterbahn are finalizing agreements and the City of Cedar Park says they hope there’s a new time line available in the next 90 to 120 days. Alamo Draft House and HEB Plus will be building in the area of Lakeline Blvd. and 183. HEB Plus has already begun construction. There is no timeline yet for the construction of the Alamo Draft House. Reunion Grille opened this week in Cedar Park. They’re located at 1501 E. New Hope Drive. Check out their link for menus, pricing and live music schedule.
Real Estate Statistics for Cedar Park & Leander
Cedar Park April
Sold April 2011-75
Sold April 2012-87
Active on Market-227
Pending-146
Average List Price-217,319
Average Sold Price-213,422
Average Days on Mkt-56
Leander April
Sold April 2011-88
Sold April 2012-101
Active on Mkt-294
Pending-199
Avg List Price-179,578
Avg Sold Price-175,456
Avg Days on Mkt-74
Cedar Park May
Sold May 2011-70
Sold May 2012-80
Active on Mkt-277
Pending-157
Avg List Price-230,513
Avg Sold Price-226,229
Avg Days on Mkt-43
Leander May
Sold May 2011-80
Sold May 2012-104
Active on Mkt-304
Pending-218
Avg List Price-207,947
Avg Sold Price-202,082
Avg Days on Mkt-63
Information provided by
Lindy Sullivan, GREEN, CNE
Austin Metro Realty Team
Keller Williams Realty
http://www.cplrealestate.com
(512)422-9817
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