Falcon Pointe is a 700-acre master-planned community in the fast-growing Pflugerville area. As the largest master-planned community in Pflugerville, Falcon Pointe offers homes priced from the $170,000s to $300,000s by leading builders, along with a popular Residents Club, parks and greenbelt trails. Falcon Pointe is home to three on-site schools, all part of the highly acclaimed Pflugerville Independent School District.
I have lived in the adjacent Blackhawk area for almost six years, so I try to stay on top of trends in the area.
Currently, there are 32 new and resale homes available on the MLS in Falcon Pointe, with an average asking price of $263,876. The average square footage for these homes is 2,970, for an average price per square foot of $90.43.
Presently, there are 6 homes under contract in the subdivision, with an average listing price of $212,676, and an average square footage of 2,603, yielding an average price per square foot of $88.85.
Over the past quarter (April through June 2008), there were 9 sales closed within Falcon Pointe. The average listing price was $262,647 and the average sales price was $244,489 (93% of asking). The average size was 3,081 s.f., which put the average price per square foot at $81.00 with the average days on market running at 81 days (slightly more than the overall Austin market).
I have noticed a trend toward larger homes in Falcon Pointe lately, with five homes over 4000 square feet under construction presently.
In other immediate 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:
Additionally, at 685 and Pfluger Lane, Pfluger Crossing is already open and expanding to 500,000 square feet. Starbucks recently opened on the northern edge, and other stores there include Wal-Mart, Gamestop, Sprint, and Baskin Robbins. The expansion will include a Radio Shack location facing Highway 685. They recently opened a Starbucks there as well.
If you are considering selling your home in Falcon Pointe (or anywhere in the general Austin area), please feel free to give me a call. I would love the opportunity to help you get it sold quickly. You can visit my primary Austin real estate website at www.austintexashomes.com. You can also reach me anytime on my cell phone at 512-796-7653 or via email at jason@austintexashomes.com. Thanks for checking out this brief analysis!
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If you're looking for a home in the Austin area, you can also visit my primary Austin real estate website at www.austintexashomes.com. If you're interested in social media training, visit 210 Consulting. Thanks!
Now the downside of me moving to this area is that you would be a neighbor.... just messing with you. Another excellent blog Jason. Very informative. Do you know if the lots come with mineral rights?
Simon - Thanks for stopping by! No, these lots would not convey any mineral rights, unfortunately, especially with oil prices where they are these days.
Well shoot! I'd be happy to have a rig in my backyard with oil the way it is right now. Oh well - let me know if anything comes up!!
Simon - If I spot anything with mineral rights, I will likely buy it first!
Well maybe we could buy it together if you come across anything. Allways on the lookout for interesting acquisitions
Jason, Falcon Pointe sounds like just the community that professionals, familes, and empty nesters all alike would enjoy being a part of. The developer there has some aggressive ideas for the commercial side. Looks like some of those additions could make this quite popular.
SIMON - Fair enough. If I spot anything really interesting, I will let you know!
STEPHEN - Agreed. I live in the adjacent community (Meadows of Blackhawk), and it seems as though the developers have beaten a path to our door once the toll roads were completed in late 2006.
Hi Jason, You have a very unique ability to feature the beauty and benefits of buying a home. You know how to connect with people and experience what they feel, think and want. If I lived in Austin, I would check these homes out! You are the success you don't have to chase!
DAN - Good to see you, as always! Thanks for your kind remarks, especially since they come on this Localism post of mine. I hope you and Irene are having a terrific weekend!
Great informative post for your consumers there in Austin TX Jason ! I really need to learn more about how to do these !
MELISSA - I just pull the data from the MLS, and add a few facts about what is going on in the area. Thanks for stopping by to check it out!
Wow! 700 acres? Our little corner of the world can't agree to incorporate 3 acres into the city limits. This looks like a wonderful spot.
Jason,
Based on your analysis what do you believe a fair price would be a for a 2008 built home, single story and ~2538 sq/ft. does 94/sq ft seem reasonable ?
Bobby - Frankly, that sounds high to me. I guess I would have to see it to know for sure, but I have trouble imagining that home selling anywhere near $238,500.
thanks Jason for your honest feedback. I was looking @ a new highland home there, listed @275, granite counters, energy star and SS appliances stone facade fireplace etc. do u still think 240 is too high ? what would u say the price per sq ft shoud be. thanks again for your feedback