I have had a few calls over the holidays with people asking about homes in Steiner Ranch. For those that don't live in Austin yet, Steiner Ranch is a beautiful newer neighborhood. There are homes built from 1995-2011. These homes typically have over 3000 square feet, four bedrooms, three bathrooms and two or three living rooms. There are several builders working in this neighborhood: Meritage, Monterrey Homes, Drees Custom Homes, Highland Homes,and Taylor Morrison. The prices range from $225K-$939K with the average price being about $450K. The real question has been "Should I buy an existing home or go to the builder?" The best values are most likely going to be in the existing homes in Steiner Ranch. The builders mark them up to mark them down, so you feel like you got a deal. If you compare the average price per square foot of an existing home in Steiner Ranch versus a custom built one from the builder you might be surprised at the results.
Steiner Ranch homes built before 2009 CMA
Total homes for sale 47
Average 3458 square feet in the home with 4 beds, 3 baths, 3 living, 3 car garage, average year built 2004.
Average number of days on the market before selling 91.
Priced between $225K-$939K
Average Price per square foot is $138.19
Steiner Ranch Homes built after 2010 CMA
Total homes for sale 15
Average 3180 square feet in the home with, 4 beds, 3 baths, 3 living, 3 car garage, year built 2010-2011-new construction. Average number of days on the market 122.
Priced between $315K-$885K.
Average price per square foot $173.56!
The high price per square foot is $245.70.
They key to working with a builder is to have your own Buyers Agent working for you. In Texas the Seller pays the Realtors fee so you might as well have representation. The agent in the builders office represents the builder, not you. Buying a house is kind of like buying a car, the first buyer takes the biggest hit as far as depreciation. So if you buy a home that is 1-10 years old, it still "feels new" but does not have the brand new price.
Right now the Best Value home I have seen in Steiner Ranch is 205 Horseback Hollow. Its listed for sale for $415K. It started off at $492K and has been reduced several times. This is an extreme value ( only $135.71 price per square foot for a brand new home) in Steiner Ranch. This home has 4 bedrooms, 3 bathrooms, 2 living rooms, 2 dining rooms and a three car garage, granite countertops, stainless steel appliances, and the community offers: Club House, Jogging/Biking Path, Lake Privileges, Park, Play Ground, In-Ground Pool-Community, See Agent, Sport Court(s), Tennis Courts.
Betina Foreman-Realtor, C.N.E.
Austin Home Girls Realty