In an ongoing series for Curbed Austin, real-estate analytics site NeighborhoodX is taking a close look at sales price ranges in different neighborhoods.
Today's analysis focuses on the Hancock neighborhood, an interesting and storied area in the central city. The neighborhood contains within it a minidistrict called Beau Site that, according to Hancock's website, "has a complex history that is marked by land speculation, loan defaults, re-capitalization and shrewd development planning." It was envisioned as an elegant, private enclave, with very large lots and somewhat inaccessible to foot traffic from the surrounding neighborhood.
While some of the mansion-esque homes from that tiny area remain, the larger Hancock neighborhood surrounding it—bounded by Duval Street on the west, I-35 on the east, East 45th Street on the north, and East 32nd Street on the south—contains a wider range of homes, as well as the Hancock Recreation Center and adjacent community golf course and a well-trafficked shopping center with a very large grocery store.
The current average listing price is $352/sq.ft, but the individual properties that make up this average range from $ (800 Leonard Street, a four-bedroom home on Waller Creek asking $825,000) to $530/square foot (4304 Caswell Avenue, a small 1950 home asking $450,000).