Circle C - Austin Real Estate Stats

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Circle C Ranch and it's various subdivisions are well known for being the best master planned community in Southwest Austin offering homes ranging in price from $220k to over $500k. With the recent completion of Circle C West and Muirfield at Circle C as well as the start of the Meridian development - Circle C continues to grow and offer new home options with ease of access to Mopac and a great school system. 

There are currently 57 properties for sale in the various Circle C Communities at an average price of $125 a sq ft.  The average days on market for these active homes has been 40 days.

11 properties in Circle C have recently flipped from Active to Pending, with contracts expected to close here shortly.  The average days on market for these properties was 27 days at an average sq ft price of $132 a sq ft.

In the last 3 months 75 properties have sold in Circle C at an average price of $124 per sq foot with an average days on market of 32 days.

So what do we learn from this detail??  Homes are selling relatively fast in the Circle C Communities.  So if you come across one that you really like - there isn't a lot of time to sit back and wait to see if you can negotiate a "steal" on the property.  They are moving fast and the owners know this.  They aren't willing to budge on price until a home has been on the market over 30 days - and even then they aren't panicking.  So if you find a home that you like - you'll need to make a quick decision on what you feel it's true value is.  As realtors we can always offer you that information based on the market statistics - it's your job to assess whether you are comfortable with that number or not.

 

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