Eanes Independent School District is (I think) one of the best rated school districts in Austin. They also have an awesome football stadium and use astro turf. Without losing my train of thought, I know for a fact that the Westlake area has the reputation of being one of the region's most expensive housing. A $1 million dollar home in Lakeway is worth more in Westlake. Some people want to be in Westlake because of their schools no matter how much it takes. Last year, Newsweek listed Eanes' Westwood High School as #97 of the 1,300 top schools in the country! Lake Travis High School was #503. So now, do you get it?
I checked the statistics for this MLS (at Alamo Title's website) and saw that in July, 2008, the average home sold was $651,566 in the 8W MLS. In July 2007, the average was $609,944, that's a 6.8% increase! But only 25 homes sold this July, (40 last July), a 37.5% drop in sales! Yikes! I thought Lake South (where Lakeway is was doing bad at a 27% drop.
The moral of this blog? NOW is the time to get in at Eanes School District! Buyers, you have got to take advantage of the market and buy in Eanes now!
