Even though the nine ZIP code, Lake Travis-Westlake area has more housing inventory than has been available in some time, a strong upward trend in home sales can still be expected, said Michelle Jones, a Realtor who works primarily in the Lake Travis-Westlake area.
“I feel like there’s still not enough, as we’re seeing tight levels of inventory verses buyer need,” Jones said. “There’s still a demand because developers continue to buy land, apply for permits and build, and people keep moving to the area and buying up [homes that are already built].”
Jones said she does not feel as if the area is in a bubble and that a high demand for homes should stay consistent for the next several years, at least.
Mark Strub, a principal Realtor at Strub Residential, said he has noticed a trend of more and more young families coming to the Lake Travis-Westlake area. He said the families are attracted to the school districts – Eanes ISD and Lake Travis ISD – and the way of life in the communities.
Regarding sales trends in specific neighborhoods, Strub called the real estate on Cuernavaca Drive a “sleeper” that “looks good on paper,” is in EISD and is affordable by comparison to the rest of the area but has yet to see the same boom.
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