Steiner Ranch Mid Year Real Estate Market Update

Steiner Ranch is among Austin's most recognized and loved master planned communities. Today, Steiner Ranch has over 4000 homes in this Austin oasis that was once a working cattle ranch. Nicknamed "The land between the lakes", Steiner Ranch is situated between Lake Travis and Lake Austin, and sits on 4600 acres of rolling hills and greenbelt--with views at every turn.

The first half of 2011 (1H11) has shown to be very positive for Steiner Ranch sellers--homes are selling.  

The 2011 numbers, year-to-date (YTD):

• Currently active listings: 120 single family homes
• Median home price: $492,500
• Median home features: 3518 sf, 4 Bedrooms, 3 baths
• Pending contracts: 53 (or 30% of the unsold inventory)
• Homes sold YTD: 121
•  This gives us a consumption rate of about 22  homes a month
• This also puts Steiner Ranch generally in a Seller's market status
• In this seller's market, the homes that show well and are priced right, tend to be the homes that sell fastest and sell for market value
• Median DOM: 43
• Median size: 3335 sf
• Median ppsf: $130.27

Inside the community are three Exemplary Elementary Schools, an Exemplary Middle School, new Exemplary High Schools (Vandergift High is on the edge of the community), junior Olympic swimming pools, private boat dock, over 20 miles of hike and bike trails, playgrounds, soccer fields, tennis courts, hundreds of acres of preserve and greenbelts and a lot of very happy home owners. Steiner Ranch is also home to the luxurious UT Golf Course and Country Club.

Buyers migrate toward Steiner for a number of reasons. Steiner is one of Austin's Best. Premier schools. Best amenities in a master planned community. Wonderfully built and designed homes. The community is close to both the lakes and downtown. Hill country views. Health conscious community. A neighborhood design that considered nature, the trees, the greenbelts and the lakes as a part of the community to be preserved--not exploited. Great golf inside the community and within 20 minutes drive time in all directions. Bottom line--Steiner Ranch is a place that home owners are proud to call "home".

If you are looking for a home in Steiner Ranch, or considering selling your home in Steiner Ranch, I would be honored to help you in your Real Estate quest.

Tim Thornton, Realtor ®
Top Producer 2010, 2009, 2008
Century Club member
Zip Realty, Inc.
Austin, Texas
(512) 914.4665

Tim.Thornton@ZipRealty.com