Eyes on Agave + Eastside Austin Q1 Market Stats
Take a drive east down MLK, cross 183/Ed Bluestein Blvd to where MLK becomes 969. A litle over 1 mile past 183/Ed Bluestein, take a left onto Sendero Hills Parkway and you have arrived at Agave Phase I.
THE NEIGHBORHOOD rises like an oasis on the hills. The statuesque palms (those that remain post the 2021 freezemageddon) and the Hill Country native plants stand in front of colorful, contemporary houses. The streets meander through builds featuring stucco, wood, metal, and glass. Each house has its own unique personality. Many have views facing west where the lights from downtown at night beckon in the distance.
QUIET ENJOYMENT. We are what you might say, just far enough from the madding crowd to find quiet refuge from the hustle, and often overwhelmed streets of Austin proper.
But what about shopping, services, and restaurant amenities, you might ask? Yes, Agave and Eastside might be light on walkable or 5 minute away popular options. Yet, the compact and diverse shopping of Mueller is 10 minutes away, the Domain is less than 20 from 183 to MoPac, Downtown Austin action is 15 minutes, and all the wonderful Eastside Cesar Chavez, 5th, and 7th dining experiences are right at your fingertips -- and a $10.00 ride-share ride. For those who travel in life and work, Bergstrom Airport is 10 minutes SE with no traffic to contend with... one can completely avoid I-35! You can go North to Dallas and South to San Antonio with easy access even though all roads lead to I-35 eventually. Just don't forget SH 130 to San Antonio. Easy, breezy drive and 85 miles per hour for a long stretch.
CURRENT ACTIVITY. After two years of construction hibernation, Agave is back into the activity of building new homes. Agave Phase II, a more uniform community of white, grey, and beige with a splash of color contemporary homes has exploded over 35 new dwellings and on my street (Agave Phase I) there are 4 new houses currently under construction.
OTHER POPULAR EASTSIDE SELL/BUY. Alternately close by neighborhoods of University Hills and Windsor Park are quickly gentrifying. Many of the homes are truly well-done fitting nicely into the neighborhood of 80's properties with features of cedar, mid-century modern door and window features, and a touch of those Austin native plants making the drive-up appeal inviting and uplifting the community.
Q1 EASTSIDE MARKET VIEW. As a realtor and market educator, Eastside is not untouched by the rising rents and housing demands. Having completed a Q1 market report of sold homes for the Eastside (Jan - Mar), of the 23 homes highlighted the lowest sold price was $300K at 92% of list price on Shannon Drive and the highest sold price was $1.8M at 100% of list price on 13th Street. One of the 23 was an Agave Phase II home on Florencia selling for $722K at 98% of the list price. Overall average of the 23 Eastside homes reported sold in Q1 was $702,215.00 at 102% of list price.
Seller- Eastside is holding its own compared to sales in Central, West, North, and South Austin. Are you able to take advantage of the increased equity in your home? Remember, life moves the market. Check the seller link for a quick valuation of your property.
Buyer- Think Eastside living. With the overall Austin average of $670K for a home, in the $500K - $850K range there is an opportunity here for you. With rents rising, understanding that owning property is an inflation fighter, and the fact you should be building your OWN equity. Buying is a smart move forward.
I am Tamsen Reed, Realtor in Central Texas at NextHome | Modern, committed to bringing buyers and sellers together & moving lives forward.