ASSESSING APPRAISALS Prior to 2021, the median appraisal value for a single-family home in Williamson County and the Round Rock ISD area rose between 1%-7% each year for the past five years. Then, in 2021, the average appraisal value jumped by more than 17%. Round Rock ISD Williamson County
$400K
+19.18%
$360K $320K
+2.23%
$280K
+17.82%
+4.69%
$240K
$200K
2016
2017
2018
2019
2020 2021
0
SHORT SUPPLY Six months of housing inventory is considered a balanced market. Marya Crigler, chief appraiser for the Travis Central Appraisal District, said that is a mark Central Texas has been below for 10 years. Months of inventory is the amount of time it would take to sell the amount of homes on the market if no additional homes were added to the supply. It is calculated by dividing the number of homes sold in a month by the number of properties for sale on the last day of the month.
Travis County
Williamson County
Unmatched Academic Results Tour a campus at an Open House! Saturday, April 23, 11 a.m.–3 p.m.
6
Travis County saw a 77.78% decrease in inventory since January 2018. Williamson County saw an 84.21% decrease in inventory since January 2018.
5
4
3
Challenger School offers uniquely fun and academic classes for preschool to eighth grade students. Our students learn to think for themselves and to value independence. Avery Ranch (PS–8) (512) 341-8000 15101 Avery Ranch Boulevard, Austin Round Rock (PS–1) (512) 255-8844 1521 Joyce Lane, Round Rock Spicewood Springs (PS–K) (512) 258-1299 13015 Pond Springs Road, Austi n
2
1
0
SOURCES: WILLIAMSON CENTRAL APPRAISAL DISTRICT, AUSTIN BOARD OF REALTORS, TEXAS A&M TEXAS REAL ESTATE CENTER/COMMUNITY IMPACT NEWSPAPER 2020 2019 2022 2018 Jan. Jan. Jan. Jan. Jan. 2021
affordability of the county compared to neighboring Travis County, which saw median home sales prices of $530,000 in January, according to ABoR data. “The location is terrific being that Austin is right next to William- son County and it has been such an epicenter of growth over the last decade,” Lombar said. Housing inventory levels have also been at record lows. In January, Williamson County had 0.3 months of housing inventory, according to ABoR data. According to the Texas A&M Real Estate Research Center, six months of inventory is considered
a balanced housing market, where demand is met. Todd LaRue, managing director for RCLCO Real Estate Consulting, said despite rising costs on their end, many home developers are continu- ing to pursue housing projects in Wil- liamson County. “Williamson County is a pro-busi- ness, pro-growth county,” LaRue said. “There is quite a bit of high-qual- ity community development in the pipeline.”
Open Enrollment has begun!
© 2022, Challenger Schools Challenger School admits students of any race, color, and national or ethnic origin.
An independent private school offering preschool through eighth grade
For more information, visit communityimpact.com .
23
ROUND ROCK EDITION • APRIL 2022
Powered by FlippingBook