Round Rock Real Estate Market Data April 2010

Round Rock is in Central Texas

The Round Rock of Round Rock Texas
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A City in Travis and Williamson County

Round Rock is a city located in Travis and Williamson Counties in the center of the U.S State of Texas. A part of the Austin-Round Rock-San Marcos metropolitan area, the population of the city of Round Rock was 79,136 at the 2000 census. The 2008 census states placed the population at 104,446.

Money Magazine: Austin is the Seventh Best

In August 2008, Money Magazine named Round Rock as the seventh best American small city to live in. Money based this ranking on an estimated annual income of $85,809 per household, and job growth of 45.15% from 2000–2007 (well above the 18.6% National average). Round Rock was the only Texas city to make the Top 10. In a CNN article dated July 1, 2009, Round Rock was listed as the second fastest growing city in the country, with a population growth of 8.2% in the last year. According to the 2008 ratings from the Texas Education Agency, the Round Rock Independent School District ranks among the best in the state. Of 42 schools within RRISD, 12 were rated exemplary and 11 are recognized. No RRISD schools received an academically unacceptable rating. Round Rock is located on the prairie east of the Balcones Escarpment, and about a 20 minute drive north of Austin, or 45 minute drive during rush hour. Several toll roads now connect it with the greater Austin area, easing the traffic congestion somewhat. Round Rock has been represented in the Texas House of Representatives since 2009 by Democratic member Diana Maldonado, a former Round Rock ISD school board member. The corporate headquarters for Dell, Inc. is located in Round Rock. Round Rock has more than 20 major employers including: Toppan Photomasks, Sears Customer Care, Ikea, Round Rock Premium Outlets, KoMiCo Technology Inc., Texas Guaranteed Student Loans, Cintas, and TECO/Westinghouse.

Round Rock Property Values

Real Estate Market Data for Round Rock through April 2010: So how is Round Rock Real Estate doing as a whole? Below I have broken it down as follows: Number of sales, Sold price (high, low, and median), Size (high, low, and median), and Days on market (high, low, and median). I have broken it down even further into type of dwelling: Homes, Condos/Townhouses, and small income producing units (Duplexes, Triplexes, and Fourplexes). Finally, to compare just for kicks, I'm also posting two separate periods: 4/13/2008 - 4/13/2009 and 4/13/2009 - 4/13/2010. So I'll let you read and be the judge of how the city of Round Rock is doing overall. Single Family Homes First period: 4/13/2008 to 4/13/2009 Sold homes: 2,083 Sold price; High:$730,000 Low: $59,500 Median: $173,300 Size; High: 5,580 sq.ft Low: 704 sq.ft Median: 2,147 sq.ft and Days on market; High: 667 days Low: 0 days Median: 46 days Second period: 4/13/2009 to 4/13/2010 Sold homes: 2,079 Sold price; High: $850,000 Low: $53,840 Median: $175,000 Size; High: 6,568 sq.ft Low:786 sq.ft Median: 2,160 sq.ft and Days on market; High: 742 days Low: 0 days Median: 44 days Condos/Townhomes First period: 4/13/2008 to 4/13/2009 Sold condos/townhomes: 25 Sold price; High: $189,000 Low: $47,900 Median: $126,000 Size; High: 1,545 sq.ft Low: 854 sq.ft Median: 1,209 sq.ft and Days on market; High: 367 days Low: 0 days Median: 56 days Second period: 4/13/2009 to 4/13/2010 Sold condos/townhomes: 19 Sold price; High: $165,000 Low: $64,500 Median: $119,900 Size; High: 1,617 sq.ft Low: 828 sq.ft Median: 1,317 sq.ft and Days on market; High: 262 days Low: 6 days Median: 60 days Small Income Producing Units (Duplexes, Triplexes, Fourplexes) First period: 4/13/2008 to 4/13/2009 Sold units: 34 Sold price; High: $213,000 Low: $47,000 Median: $150,300 Size; High: 2,859 sq.ft Low: 1,645 sq.ft Median: 1,998 sq.ft and Days on market; High: 252 days Low: 0 days Median: 37 days Second period: 4/13/2009 to 4/13/2010 Sold units: 22 Sold price; High: $210,000 Low: $80,000 Median: $144,250 Size; High: 3,216 sq.ft Low: 1,474 sq.ft Median: 2,086 sq.ft and Days on market; High: 358 days Low: 4 days Median: 46 days All data provided herein was obtained from MLS, it is deemed to be reliable, and accurate; however, it is not guaranteed by the author. This article is only intended to serve as general market information for the above mentioned community, and only for the above mentioned periods as the market is always changing. If you are a lender, a real estate professional, or a home owner and would like an accurate appraisal of a specific home, feel free to contact us.

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Austin Real Estate Market Data April 2010

Austin Property Values

3359467_101_12 Sections of this post were extracted from wikipedia.org

Austin is the Capital of Texas

Austin is the capital of the U.S. State of Texas as well as the seat of Travis County. Located in Central Texas on the eastern edge of the American Southwest, Austin is the fourth-largest city in Texas and the 15th-largest in the United States. It was the third-fastest-growing large city in the nation from 2000 to 2006. According to the 2009 U.S. Census estimate, Austin had a population of 757,688. The city is the cultural and economic center of the Austin–Round Rock–San Marcos metropolitan area, with a population of 1,705,075 as of the July 2009 U.S. Census estimate, making it the 36th-largest metropolitan area in the United States

The Balcones Escarpment

Austin is located in Central Texas along the Balcones Escarpment and Interstate 35, northeast of San Antonio. The elevation of the city of Austin varies from 425 feet (130 m) to approximately 1,000 feet (305 m) above sea level. As of 2010 the city occupies a total area of 271.8 square miles (704 km2). Approximately 6.9 square miles (18 km2) of this area is water.

Austin Means High Tech

Austin is considered to be a major center for high tech. Thousands of graduates each year from the engineering and computer science programs at The University of Texas at Austin provide a steady source of employees that help to fuel Austin's technology and defense industry sectors. The metro Austin area has much lower housing costs than Silicon Valley, but much higher housing costs than many parts of rural Texas. As a result of the high concentration of high-tech companies in the region, Austin was strongly affected by the dot-com boom in the late 1990s and subsequent bust. Austin's largest employers include the Austin Independent School District, the City of Austin, Dell, the United States Federal Government, Freescale Semiconductor (spun off from Motorola in 2004), IBM, St. David's Healthcare Partnership, Seton Healthcare Network, the State of Texas, Texas State University-San Marcos, and the University of Texas at Austin, The University of Texas.

Major Austin Employers

Other high-tech companies with operations in Austin include 3M, Apple Inc., Hewlett-Packard, Google, AMD, Applied Materials, Cirrus Logic, Cisco Systems, eBay/PayPal, Hoover's, Intel Corporation, National Instruments, Samsung Group, Silicon Laboratories, Sun Microsystems and United Devices. The proliferation of technology companies has led to the region's nickname, "the Silicon Hills," and spurred development that greatly expanded the city.

Austin Property Values

Market Data for Austin through April 2010: So how are we doing as a whole? I will try and paint the big picture for you and try to be as clear as possible. The numbers that you're about to read are all for the entire city of Austin. A couple of things to take into consideration when reading these numbers, and what they actually mean. a) cyclical markets b) national economy c) interest rates. So as of date of this post you must consider that we just came out of the holiday season, and we're heading into spring, and summer which are typically the strongest months for real estate sales. So below I have broken it down as follows: Number of sales, Sold price (high, low, and median), Size (high, low, and median), and Days on market (high, low, and median). I have broken it down even further into type of dwelling: Homes, Condos/Townhouses, and Duplexes. Finally, to compare just for kicks, I'm also posting two separate periods: 4/1/2008 - 4/1/2009 and 4/1/2009 - 4/1/2010. So I'll let you read and be the judge of how our beautiful city is doing overall. Single Family Homes First period: 4/1/2008 to 4/1/2009 Sold homes: 8,195 Sold price; High:$5,150,000 Low: $35,000 Median: $240,000 Size; High: 15,266 sq.ft Low: 360 sq.ft Median: 1,945 sq.ft and Days on market; High: 663 days Low: 0 days Median: 40 days Second period: 4/1/2009 to 4/1/2010 Sold homes: 8,619 Sold price; High: $5,500,000 Low: $20,000 Median: $232,000 Size; High: 13,974 sq.ft Low:100 sq.ft Median: 1,936 sq.ft and Days on market; High: 1,022 days Low: 0 days Median: 40 days Condos/Townhomes First period: 4/1/2008 to 4/1/2009 Sold condos/townhomes: 1,672 Sold price; High: $1,800,000 Low: $19,000 Median: $171,000 Size; High: 3,087 sq.ft Low: 304 sq.ft Median: 1,086 sq.ft and Days on market; High: 992 days Low: 0 days Median: 43 days Second period: 4/1/2009 to 4/1/2010 Sold condos/townhomes: 1,803 Sold price; High: $1,368,000 Low: $21,900 Median: $157,500 Size; High: 2,780 sq.ft Low: 300 sq.ft Median: 1,030 sq.ft and Days on market; High: 873 days Low: 0 days Median: 53 days Duplexes First period: 4/1/2008 to 4/1/2009 Sold duplexes: 310 Sold price; High: $630,000 Low: $50,000 Median: $188,500 Size; High: 4,790 sq.ft Low: 864 sq.ft Median: 1,989 sq.ft and Days on market; High: 544 days Low: 0 days Median: 38 days Second period: 4/1/2009 to 4/1/2010 Sold duplexes: 293 Sold price; High: $897,000 Low: $25,000 Median: $170,000 Size; High: 4,240 sq.ft Low: 840 sq.ft Median: 1,940 sq.ft and Days on market; High: 627 days Low: 0 days Median: 39 days All data provided herein was obtained from MLS, it is deemed to be reliable, and accurate; however, it is not guaranteed by the author. This article is only intended to serve as general market information for the above mentioned community, and only for the above mentioned periods as the market is always changing. If you are a lender, a real estate professional, or a home owner and would like an accurate appraisal of a specific home, feel free to contact us.

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