Westlake Homes for Sale in 78746 Averaging over $1 Million
Westlake homes for sale in the 78746 area code are averaging sold prices of well over a million dollars, according to an Austin Board of Realtors® Local Market Report. As one of the wealthiest zip codes in the Austin area, the average sold price for single-family Westlake homes came in at $1,165,984 for April 2017 and $1,301,304 for all Westlake sold homes year to date. Comparing April 2017 to April 2016, this was a 3.4 percent increase in the sold price of Westlake homes for sale, and comparing year to date 2017 to year to date 2016, this was a 15.7 percent increase in the sold price of Westlake homes for sale.
The median price of Westlake homes for sale came in at $882,500 for the month of April 2017 and $992,500 year to date. This was a monthly increase of 4.6 percent comparing April 2017 to April 2016. For year to date, Westlake homes for sale are now closing for 22.2 percent more than this period in 2016.
Sold prices for new construction homes in Westlake are running higher, with both the average and median price at $2,370,500 for the month of April. The average sold price for new construction homes in Westlake was $2,186,357, and the median price for new construction homes in Westlake was $2,370,500.
The total dollar volume for all Westlake homes for sale sold in April 2017 was $43,919,359, which was a year over year increase of 22.9 percent. The total dollar volume for all Westlake homes for sale sold year to date in 2017 was $139,458,916, which was an increase of 33.4 percent compared to last year.
Inventory for Westlake homes for sale was at approximately a 5.5 month supply so far for 2017, at the time of the report.
About the Author: Brain Talley has years of experience of working as a Westlake real estate agent in Austin, Texas. He is quite an expert and he loves to share his expertise with people. He enjoys discussing real estate trends, real estate market news to help people make informed decisions.
The median price of Westlake homes for sale came in at $882,500 for the month of April 2017 and $992,500 year to date. This was a monthly increase of 4.6 percent comparing April 2017 to April 2016. For year to date, Westlake homes for sale are now closing for 22.2 percent more than this period in 2016.
Sold prices for new construction homes in Westlake are running higher, with both the average and median price at $2,370,500 for the month of April. The average sold price for new construction homes in Westlake was $2,186,357, and the median price for new construction homes in Westlake was $2,370,500.
The total dollar volume for all Westlake homes for sale sold in April 2017 was $43,919,359, which was a year over year increase of 22.9 percent. The total dollar volume for all Westlake homes for sale sold year to date in 2017 was $139,458,916, which was an increase of 33.4 percent compared to last year.
Inventory for Westlake homes for sale was at approximately a 5.5 month supply so far for 2017, at the time of the report.
About the Author: Brain Talley has years of experience of working as a Westlake real estate agent in Austin, Texas. He is quite an expert and he loves to share his expertise with people. He enjoys discussing real estate trends, real estate market news to help people make informed decisions.
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