Sonoma is a terrific neighborhood located in east Round Rock, just off Gattis School Road. With two theme pools, two lakes, and a playground area, Sonoma is also located adjacent to the Round Rock hike-and-bike trail system. It was awarded the prestigious MAX Award for "Best Overall Community" a few years ago.
Currently, there are 34 homes available on the MLS in Sonoma, with an average asking price of $254,778. The average square footage for these homes is 2,794, for an average price per square foot of $92.03. This is a drop of over $6/square foot from the previous quarter.
Presently, there are 4 homes under contract in the subdivision, with an average listing price of $265,972 and an average square footage of 2,997, yielding an average price per square foot of $88.75. This is about a two dollars less than the first quarter of 2008.
Over the past quarter (April through June 2008), there were 18 sales closed within Sonoma. The average listing price was $237,026 and the average sales price was $224,290. This means that homes sold for approximately 94.62% of the list price. The average number of days on the market was 143, which is almost double the average for the Austin MLS. The square footage of the homes sold averaged 2,575, and the price per square foot for the sales was $88. This is a decrease of about $2/sq. ft. over last quarter.
Overall, home prices appear to have dropped slightly in the area, but there was more sales activity (18 homes vs. 12 for the first quarter). Some of this is assuredly due to the seasonal nature of the Austin real estate market.
In other area news:
Located at the intersection of the aforementioned toll roads (45 and 130), Stone Hill Town Center is slated to open within a few months, and it promises over 1,000,000 square feet of shopping and entertainment. Home Depot, Best Buy, Chili's, several retail clothing stores, a large Cinemark theater, and a fitness center are among the anticipated tenants.
Here is a link to the developer's map, showing the stores and restaurants committed to open there:
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