For both home browsers and homeowners, having a frame of reference on pricing ad selling trends can be very useful in determining when to purchase or sell. Knowing that you aren't overpaying (or missing an opportunity) is a key concern of many in the market. Here's an updated look for Spring/Summer 2019 on the Covered Bridge neighborhood in SW Austin's 78736 zip code.
Covered Bridge, Austin - 12 Month Averages as Of February 2019:
Home Price Range |
~$420,000-$530,000 |
# Of Homes Sold |
10 (~1 per month) |
Average $/sf |
$155 |
Range of Sold $/sf |
$140-$199 |
Average DOM |
22 |
Median DOM |
2 (!) |
Average negotiation % |
0.35% |
The market in Covered Bridge is showing high demand and fairly low supply at the moment, with half the homes listed selling immediately, and many others going in three weeks or less. The mix of convenience, amenities, quality schools (Oak Hill/Small/Bowie as of 2019), and nearby dining like Jack Allen's Kitchen, Slab BBQ, and Shore Raw Bar make it an ideal suburban retreat.
If you've not been to the neighborhood, Covered Bridge consists of homes built from 2004 to 2010. (Brohn Homes is also building new construction nearby as "Enclave At Covered Bridge" - drop us a line for more information.) The homes are about 12 miles from downtown and 15 miles from the airport.
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If you're considering a move to Covered Bridge, The Ridge At Lantana, Escondera, Travis Country West, Vista Hills, or Cayena, I'm happy to answer your questions about the neighborhood. Please call us on 512.636.0672 or visit our site to schedule a call or a coffee!
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