In this ongoing series, real-estate analytics site NeighborhoodX is taking a close look at sales price ranges in different Austin neighborhoods.
Today's asking-price analysis focuses on the Travis Heights neighborhood (which we also looked at in May). As we noted then, Travis Heights is a long-established South Austin neighborhood that over the years has gone from a collection of mostly smallish pre-war houses with ridiculously low rent and sales prices to a tonier—but still quirky—mix of those same houses with upscale renovations (at much higher prices) and newer, larger single-family infill. That's no doubt because of its gorgeous canopy of oaks and other mature foliage, its still-friendly vibe, and its prime location.
Travis Heights is bordered on the north by Lady Bird Lake and on the south by East Oltorf Street, with South Congress Avenue and I-35 making up its western and eastern borders, respectively.
From the current data, it seems that there is a price premium for houses, as opposed to condos, in the neighborhood. On a per-square-foot basis, the condos currently for sale cluster at the more affordable end of the range.
As usual, the analysis excludes properties that are positioned as development sites. For this reason, the site did not include 210 Academy Drive (asking an apparent $1,535/square foot for the building, but this figure doesn't take into account the land and development potential) or 1500 Newning Avenue (asking a seeming $714/square foot).
• Homes in the Range: Travis Heights (June 2016) [NeighborhoodX]