HometownGeorgetown.com

Recently, someone from Austin told me she was surprised that Georgetown had any homes for sale that cost more than $300,000. Just shows that many of our neighbors to the south don’t realize how much Georgetown has changed and grown in the past ten years. We have homes for sale in every price range. This morning, I ran a search for homes that had sold over the past twelve months in the MLS areas GTE and GTW (Georgetown East and West) between $475,000 and $525,000. This search yielded 25 sales.

I was very surprised to see that all of these homes are in the GTW area, and none in GTE. I know that GTW is pricier than GTE, of course, but I would have thought we’d have at least a couple of hits from GTE with this search. There are homes in this price range in Old Town, which sits in the GTE area, but apparently none that were sold within the past twelve months.

The oldest home that came up in this search was built in 1992, but fully 21 of the 25 homes were built since the year 2000. Eight were built in the past three years alone. These homes were an average of approximately 3700 square feet and most of them have four bedrooms. The total sales price of these homes equals nearly 97% of the total list price at the time of the sale, meaning that the homeowners generally received about 97% of what they were asking at the time the offer was made. (In other words, they might have originally wanted a higher price, but they received 97% of the final list price.) The homes were on the market an average of 109 days.