Allandale – 78757 NW Austin Real Estate Sales Data

Allandale – 78757 – NW Austin Older Homes

Allandale is located east of Mopac/Loop 1, south of Anderson Lane, West of Burnet and north of Hancock Dr. This is an area of older homes.  Most are single-story ranch-style homes. Most streets have large old oak trees providing lots of nice shade from the hot Texas sun.

Many of the homes in this area have had the same owner for decades. That means when they come on the market they have often had minimal updating and can be a re-modelers dream.

I set out this past weekend to photograph the types of houses that are characteristic of the area and only manged to get through the little area in the northwest section of this map:

Allandale neighborhood map in northwest Austin, 78757
Allandale neighborhood map in northwest Austin, mostly 78757

Allandale Real Estate Sales Activity

For the 12 months ending 8/19/2014:

  • 98 homes sold for a median price of $455,000 (range: $277,500 to $856,250)
  • The median age was 55 years old (range: built between 1938 and 2014)
  • The median size was 1,750 sf (range: 816 sf to 3,419)

Why Live in Allandale in NW Austin?

This neighborhood has excellent proximity to Mopac/Loop1 as well as 183. At the northern edge is Anderson Lane, well known for furniture stores and a growing number of Austin-grown restaurants.

The local community fought hard against the WalMart that now sits at the old Northcross Mall location on Anderson Lane (east of Allandale). Fortunately, the dire traffic jams that were predicted haven’t materialized, and the local businesses still have a lot of patrons.

Are Prices Going Up in Allandale?

The median price of homes sold in this neighborhood between 8/20/2012 and 8/19/2013 (the 12 to 24 months before this article, and before the sales numbers shared, above) was $400,000 (100 sales, range: $240,500 to $790,000).

That means that the price of homes has gone up in this area.

Images of Homes in the NW Corner of Allandale, in Austin TX

Google Map of Allandale

For your exploring pleasure:

Austin TX Single Family Homes Sales through May 2014

Austin Homes Sales Ticked Up Over the Prior Year

Here is a tidy chart produced by Austin Title with sales stats from the Austin Board of Realtors.

YTD single family homes sales increased to 11,841 through the end of May 2014, vs. 11,476 through the end of May 2013. The median sale price for the same period increased from $217,000 to $230,000.

Of the 11,841 homes that sold, 456 (3.85%) were REOs (bank owned) properties.

YTD Austin Texas Real Estate Sales through May 2014
YTD Austin Texas Real Estate Sales through May 2014