For more than a year now, real estate data analytics site NeighborhoodX has worked with Curbed Austin to take a look at home-buying prices on a neighborhood level, using both cost per square foot and overall asking price to get a more complete picture of the market on a micro-level.
With some exceptions, these studies have focused on central and west Austin neighborhoods, which tend to be priced higher than areas farther from the city center, especially to the north and east.
The Westgate neighborhood, while not far from the city center, falls into the latter category. It’s bounded by Ben White Boulevard and the South Lamar and Barton Hills neighborhood to the north, Manchaca Road to the east, Stassney Lane and the Garrison Park on the south, and Westgate Boulevard and the city of Sunset Valley the west.
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The current average asking price in Westgate is $261 per square foot. There were only a few active listings, and the price range is fairly tight: They range from $204 per square foot (5004 Buffalo Pass, a single-family home asking $345,000) to $310 per square foot (4900 Buckskin Pass, on the market for $449,000).
The analysis focuses on market-rate listings, so it excludes foreclosures and short sales, properties positioned as development sites or redevelopment opportunities, and certain listings with incomplete or contradictory information.
To put these prices in context, Westgate is between Wooten ($242 per square foot) and Northwest Hills-Far West ($262 per square foot).