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Austin TX Real Estate Market Report- Westlake Hills Rollingwood

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Real Estate Broker/Owner

Just west of the Colorado River, with quick access to Downtown Austin and encircled by Loop 360 Capital of Texas Hwy, are the communities of Rollingwood and Westlake Hills.  Each incorporated as its own city in the 1950's.  Older modest homes mix with newer often grand construction on larger than average lots. Davenport Ranch anchors the north end of the area with homes built mostly in the 1980's and '90's, while more modest Bee Cave Woods and Westwood--built in the '60's, '70 & '80's are the more southern neighborhoods.

Because it's hilly and wooded, many homes offer views, and because Lake Austin wraps around it, the area has some premier waterfront properties and wonderful new construction homes.  Add in an exemplary Eanes ISD school system, and proximity to major employers and shopping, and you have one of Austin's most popular spots to call home. 

First quarter 2011 saw 41 home sales at a median price of $714,000.  Homes sold for 94% of list price on average and in about 100 days.  There were 19 sales over $800,000 and 6 sales between $300,000-350,000. A wide variety of price ranges are found in the Westlake area depending on the neighborhood and whether homes are on acreage or have views or waterfront.  Almost 1/3 of homes sold in less than 30 days, over half sold in less than 60 days.  There are 129 active listings in these great neighborhoods in the 78746 zip code.

Austin Tx Real Estate Westlake Hills

Contact me to buy or sell Westlake or Rollingwood Homes.

SEARCH for Westlake homes over $650,000 here.

SEARCH ALL Austin homes for sale here.

Jeff Harris, Broker, ABR

512-917-8142 direct line

 

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