Did you know that Lake Pointe in Bee Cave has a Gated section as well as a Custom Home Section? It does, I have just never included those areas in my market reports in the past! If you drive down Resaca, the main street in Lake Pointe, it dead-ends right into the Gated Section called The Pointe. Right immediately before the gates, on the left, is a Custom section where there are actually still lots available to build whatever house you want to build.
Those houses are a different breed of house in a different price point, so I did not include either section in my analysis last week of Lake Pointe - Bee Cave Austin TX - Market Report 2010 vs 2011. Instead, I'm writing its own analysis as the area stands on its own. Many of these homes have tremendous views of hill country and Lake Austin.
Here are two charts, one for 2010 and one for 2011, showing the sales activity for each respective year.
In 2010, Lake Pointe's Gated and Custom section had 13 sales with 0 foreclosures. In 2011, there were 16 sales and 3 foreclosures. Does that make 2010 a better year because there weren't any foreclosures? Or does that make 2011 a better year because there were more sales?
In 2010, houses that sold in under 30 days were selling at 97.14% of asking price, whereas they sold for 98.87% of asking price in 2011. Those are high numbers for both years, but for 2011 to be selling at almost 99%, that's awesome!! Again, 2011 had 3 foreclosures, so it skews some of the data, but I feel the "under 30 days" activity is very telling.
If you're looking to buy or sell in the Lake Pointe area, or any other Bee Cave or Austin TX area, please contact me today!
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* Lake Pointe Gated and Custom Sections - Bee Cave Austin TX - Market Report 2010 vs 2011 * was first published on donnahomesblog.com.