The Real Deal New York

A strong market has investors buying into this Texas town

Homes in this neighborhood near Austin are selling fast
February 24, 2018 12:00PM

From back: Lake Austin, 2005 (Credit © 2005 Larry D. Moore, Max Pixel)

West Lake Hills is about 10 miles outside of Austin yet it is one of the most exclusive addresses, according to the city’s realtors.

Homes prices start at $600,000 and go all the way up to $30 million, according to Mansion Global, though the average prices are between $1.2 to $1.5 million.

The neighborhood’s demand is credited to its schools and suburb lifestyle while being only a short drive away from the city’s downtown core. The sustaining demand to buy in has also started attracting investors and second-home owners.

“Properties that are coming on the market that look nice and are priced well are selling quickly, often with multiple offers,” said Moreland Properties’ Joanie Capalupo. [Mansion Global]Erin Hudson