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, some of which tend to be priced higher than areas farther from the city center, especially to the north and east.
Now we’re expanding out from there a bit, and today we’re looking at Circle C Ranch. A large, planned development in Southwest Austin, Circle C is bounded approximately Texas Highway 45 by South Mo-Pac/Loop 1 on the east, West Slaughter Lane on the north, Texas Highway 45 on the south, and Ranch-to-Market Road 1826 on the west.
The development, which was built throughout the 1980s, was the subject of a long environmental battle around urban development in the vicinity of Barton Springs and over the Edwards Aquifer that feeds it and much of the area. The subdivision was involuntarily annexed by Austin in 1997.
The current average asking price for Circle C is $159 per square foot. However, the individual properties that make up this average range rom $132 per square foot (10400 Orourk Lane, a two-story, four-bedroom home on the market for $408,888 ) to $219/per square foot (6717 Edwardson Cove, a 1,550-square-foot home on the market for $339,900).