HometownGeorgetown.com

Gabriel’s Overlook is a gated community west of Georgetown on Highway 29, just past Cimmaron Hills, convenient to where Parmer Lane/Ronald Reagan Boulevard will come through. (See the city’s draft Future Land Use map.) The homesites are between one and four acres, and the homes must be at least 75% masonry. There are different size restrictions depending on the specific area of the subdivision in which the house is located, but 2000 square feet of heated and cooled space is the absolute minimum of any of the areas, and the minimum goes up from there.

When you enter the neighborhood, you get an immediate feeling of peacefulness. The paved roads amble along between the homes, and you feel like you’re taking a drive in the country. Kind of makes me wish I knew how to whistle. Imagine coming home to that feeling every day.

In the following Christmas-themed chart, the numbers reflect the current list price for the homes currently on the market, and the final sales price for the homes that have sold over the past twelve months. One of the homes listed as currently on the market has an offer pending; since the deal hasn’t closed, the sales price is not yet listed in the MLS.

The homes that sold in the past twelve months spent an average of 267 days on the market and then sold for an average of almost 96% of the original asking price. This is a case where waiting paid off for the homeowners. When it comes time to sell your home, you need to decide what is more important to you: a quick sale, or a high price. There’s no guarantee that you’ll get the price you want even if you wait two years, so you have to decide how much of a risk you are willing to take. No one can answer that question for you (except perhaps a financial advisor). It depends entirely on your circumstances. If you’re under no pressure to move, and you don’t mind keeping your house in showing condition for a long time, then you might decide to try to hold out for that higher price. If, on the other hand, you’ve already purchased your next home and you’re feeling the pressure of two mortgage payments, you might decide that it’s worth taking a lower offer in order to get out from under that pressure.

As I said, Gabriel’s Overlook is a gated community. There are fourteen houses there currently on the market, and I can get you in to see all of them. If you’d like to take a look, please call me at 512-876-6544 or write to me at jenel@moreland.com.