Lake Austin Real Estate: Annual prices as of May 2019 for waterfront and water view homes
Waterfront and water view homes sold on Lake Austin over the last 365 days were down 15% compared to the prior year, with 22 homes sold in this period compared to 26 last period, according to Austin Board of Realtors® MLS statistics*. The median sold price was $2.685M, which is a 7% decline over the previous year. The median sold price per square foot was $600.45 per square foot, which is a 7% increase.
Lake Austin waterfront homes spent an average of 177 days on the market compared to 128 days the previous year, which is a 38% increase in average days on market.
It is important to point out that a number of homes sell on Lake Austin without being listed on the MLS (these are called pocket or private listings), which is the source of this information. While the median sold price does indicate high value properties, it does not reflect the fact that homes do sell in the $1,200-$1,500+ per square foot range for the most desirable properties on the lake. As a result, when searching for Lake Austin properties, it is helpful to work with a REALTOR® connected into the community of private listings and sales.
Take a look at the current public Lake Austin waterfront and water view listings.