Let’s take a look at a couple of Austin area subdivisions on opposites corners of the Austin Metro Area and see how each has held up during the downturn of the past couple of years. As reference, both locations are plotted on the map below. Teravista is in far NE Round Rock. Belterra is SW of Austin in Dripping Springs.
Both communities are fairly new with very good, modern amenities, pools and community centers. Both offer homes that would cost more closer in, so these are value driven (more/nicer house for the money) communities and home owners will generally be trading off a longer drive for the lower price (though Teravista has more jobs nearby). Both are located in good school districts. Both have homes that are, on average, about 3,000 sqft in size average (2,743 Teravista vs, 2989 sqft Belterra). Sylvia and I have sold homes in both communities.
This analysis is simply to see if one subdivision has held it’s value better than the other. Sellers have had challenges in both communities, but let’s look at the actual numbers and see how they’re doing.