The steep rise in central Austin home sales prices is hardly a secret; if anything it's been so widely broadcast (on this site among many others) that we now seem immune to sticker shock.
A closer look at prices in a particular neighborhood, however, can reveal some nuances in the range of properties available. A study of the West University area—a UT-adjacent neighborhood that includes the traditional West Campus area but extends north to West 38th Street—by micro-local real-estate analysts NeighborhoodX reveals the range behind the numbers.
For instance, the current median sales price in the area is $310/square foot, the range averages from $237 $485 per square foot.
At the top of the range is a house at 2100 Rio Grande—one that was (along with the resident owner) a notoriously oddball fixture among students who lived in the area.
Also in that range, though, at $465/square foot, is a condo on a redeveloped corner of 25th and San Gabriel streets.
Near the bottom, at $272/square foot, is another oddball single-family home (one we wrote about here) on West Avenue.
And at the lowest price point, $351/square foot, we find ourselves back in condo-land, this time on Leon Street.
You can read NeighborhoodX's full, interactive West University report here.
• Austin (Home on the) Range: West University (Apr. 26) [Neighborhood X]