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Cedar Park Homes for Sale and Sold Report - December 2016
I hope you had a wonderful holidays and wish you a happy and prosperous 2017!
 
Despite the seasonal slow down in the Cedar Park Real Estate market during December, there was a slight upward move in the median price of the houses sold. For the 2016 year as a whole there was a 5.3% median price appreciation. However, there was a 5% decrease in the number of houses sold. The most active part of the market is $200K - $500K price range as majority of the houses sold and those currently in the market for sale, fall into that category.
 
City of Cedar Park is on a long term path, the 2014 Cedar Park planning document has identified several areas around the city, totaling 1130 acres, as future residential development areas. However, compared to the neighboring city of Leander, Cedar Park has a slower growth. During 2016 only 164 new residential houses were built in Cedar Park compared to 522 in Leander. Although movement of new people into the area continues to create demand and the median price continues to appreciate, most of the sales activity in Cedar Park is from existing homes and majority of the new homes are built in the neighboring communities.
 
Real Estate transactions slow down during the winter months which create ... more

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