In an ongoing series with Curbed Austin, real-estate analytics site NeighborhoodX is taking a close look at sales price ranges by the square foot in different neighborhoods. Today, it’s checking out numbers in East César Chavez—recent winner of Austin’s 2016 Curbed Cup.
The East Cesar Chavez neighborhood is bounded on the north by East Seventh Street, IH-35 to the west, Chicon Street to the east, and the river on the south. Its proximity to downtown and the waterfront has spurred several redevelopment projects in recent years.
The 10 most affordable market-rate properties in the neighborhood range from $249,000 to $499,000.
Most affordable right now are the micro-loft units at a planned building called Fourth & East at 1800 East Fourth Street, while the most expensive is an seven-bedroom home at 1310 East Second Street that is one of the oldest currently on the market.
On a per-square-foot basis, these properties ranged from $207-540/square foot, with the most affordable being the house at 1310 East Second Street.
"The same property is the most affordable on a per-square-foot basis, at just $207/square foot, and the most expensive of the set on an asking-price basis, at $499,000," said NeighborhodX co-founder Constantine Valhouli. "This is because it is also the largest of the properties, at 2,403 square feet. And this highlights the importance of looking at multiple metrics to properly analyze a property and a neighborhood housing market."