Ridge At Alta Vista, Enclave at Alta Vista, Alta Vista at Lakeway YTD Real Estate Statistics

Many homeowners from the neighborhoods mentioned above follow my blogs to see the statistics in their community. I ran the YTD statistics and overall, in the Ridge at Alta Vista neighborhood, the average price per square foot is 2% lower in 2008 compared to 2007. That is expected but still not too bad. But in the Enclave Condominiums, the average price per square foot is 18% lower than last year. As you know, Toll Brothers has completed the project and only has a handful of completed condominiums to sell.

These are Year To Date numbers, so when averaged, it doesn't seem too bad. I want to point out that it is important to take into consideration how Central Austin's real estate has been doing the past two months when the bank crisis and mortgage bail-out started. The sales every where in Austin became sluggish (view my blog on November statistics).

If you are thinking of selling in Austin at this time, please have your real estate agent, run your neighborhood statistics since October, 2008. You need to have an understanding of the current market.

If you would like me to run the statistics for a specific neighborhood, like the one in this blog, please give me a call and I would be happy to provide this information to you for FREE.

City of Lakeway Growth Presentation

City of Lakeway is growing in leaps and bounds. Once a quiet quaint city for golfers will soon be a home for medical professionals as well. I have invited Deputy City Manager Chessie Blanchard of the City of Lakeway to come and speak about the new developments and our growth on Tuesday, February 12th at the Amenity Center of Ridge at Alta Vista.

Chessie has prepared a powerpoint presentation of the new commercial buildings, communities and the Lakeway Regional Medical Center with a helipad that is going up next to the Lake Travis High School. The city has planned another elementary school near Bee Creek Rd. which they have annexed and called Lakeway Highlands, a new Middle School but no information on a new High School. They have a developer that has bought property to build a downtown Lakeway. She will talk about Highland Blvd. that will extend all the way towards Bee Creek Rd., etc.

If you are a City of Lakeway resident and you would like more information or would like to attend, send me an email. This meeting is automatically open to Ridge at Alta Vista homeowners, The Enclave homeowners, Alta Vista at Lakeway homeowners, friends and clients.

Stay tuned for the results of the presentation.