February 14, 2017

February 2017 Leander, TX Real Estate Market Condition

By Cliff Hahn, Broker

Leander is preparing for more growth, now that the population has grown to 44,936 and expected to be 50,000 in short time, probably the first quarter of this year.

The fire station relocation is in the works to provide more room for equipment and staffing.  Leander ISD’s 26th elementary school is scheduled to open in August and is located in front of Stiles Middle School on Barley Road-Leander. Also, the board of trustee’s report LISD will require 6 more elementary Schools, 2 more middle schools and one more high school in the next 8 years.  Homebuyers take note, home prices are rising and soon the available inventory may be lower than the demand which should pump up the prices even more.

Room to grow. Leander is planning to annex nearly 1750 acres of now privately owned land in the southeast side.

10 Dallas new home developments are in the planning stages which will provide abundant homes for those buyers savvy enough to buy in one of Texas’ sweetest areas

Look for Cedar Grove, Cottages at Crystal Falls, Crystal Falls Mesa Oaks and the Plateau, Mason Hills, Starlight Village, Lender Crossing, Edgewater and Stewart Crossing.

For the last 30 days, according to the Austin Board of Realtors MLS as of 2/14/2017:

                        JANUARY               FEBRUARY          

Number of Leander new homes for sale:        318            339
Number of homes sold:                100            96
Average days on the market for sold homes:    68            88
Median price of homes for sale:            $399,075        $399,000
Average price of homes for sale:        $435,698        $430,549
Median price of homes sold:            $273,750        $273,500
Average price of homes sold:            $322,960        $316,200

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HAHN Real Estate Cliff Hahn, Broker

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