If you’re in the market for a new home in the Austin-Round Rock-Georgetown (ARRG) area, there is some good news and some bad news. First, the bad news.
According to a new report from Texas Realtors, the median sales price of a home in this red hot area of Central Texas was $305,000 in 2018. Three years later, in 2021, it was $450,000. Fortunately, that’s also the GOOD news. Here’s why.
The growth in Austin-Round Rock-Georgetown is absolutely through the roof of one of those homes! Because of high-tech industry relocations, the large number of business start-ups, no state income tax, excellent suburban schools, and a Texas Hill Country climate and vibe that is impossible to beat, this growth is projected to continue at an even faster rate.
Well-built homes that are in desirable areas are relatively expensive and becoming more so every day. This increase in the median sales price of homes validates the value proposition of buying a new home in this area. If a down payment is accessible and the homebuyer qualifies for a mortgage, there has never been a better time to invest in a new home in the ARRG area.
The challenge for homebuyers is to find a well-built, conveniently located home in a highly desirable area that is also affordable. This is where a master-planned community like MorningStar, located just north of Austin in the heart of the ARRG zone, rises to the top of the homebuying decision tree.
MorningStar Checks All the Boxes
Here’s some additional good news. MorningStar was designed for young families. The demographics and psychographics of its residents support this. The benefits abound:
- Impeccable amenities
- Lush landscaping and beautiful Hill Country views
- Mass transit to tech centers, Austin city center and the airport
- Award-winning schools located a few minutes from the community’s front entrance
- State of the art healthcare nearby
- World-class entertainment, sports, and dining within a few miles
- Homebuilders with outstanding track records for energy-efficient construction
- Beautiful, new homes that are often priced below the median costs found in the ARRG area
With this good news, comes the inevitable not-so-good news. MorningStar is almost sold-out. This should surprise no one. It’s a great community, located in the hottest market on the planet with homes that are priced to sell. And SELL they have!
Here is Your Message in a Bottle
MorningStar has attracted some of the best and the brightest of Austin- Round Rock – Georgetown, both newly arrived and long-time area residents, and this master-planned community is entering its final phases. New product and model homes are available by Meritage Homes and Saratoga Homes – and Waterloo by Brohn Homes is cranking out final opportunities in their final phase. Don’t miss your chance this Spring/Summer to join us at MorningStar.
Click here for an appointment to see your future. The good news? We have some of the area’s best builders, who are ready to help you find your dream home.