Real estate
Development
BY AMIRA VAN LEEUWEN & ERIC WEILBACHER
The median home sales price fell year over year in December in New Braunfels’ ZIP codes, down 6.8% and 10.72% in 78130 and 78132, respectively. Residential market data
The Devereaux set to open in mid-March
Freiheit Village-area condos now for sale The Mercer, a 42-unit condominium com- munity located at Freiheit Village in New Braunfels, reached completion in the fall. The details The project broke ground in spring 2022 and was developed by Max Caruana. Caruana said the Mercer has 37 residential one- and two-bedroom units along with ve live-work units with storefront commercial space on the ground oor.
December 2022
December 2023
Average home price in the last 6 months
Homes sold
New listings
-11.63%
-19.7%
+17.9%
+38.3%
78132 $628,360
A new multifamily apartment complex is nearly complete o Loop 337 at 1661 Independence Drive, New Braunfels. Construction is anticipated to be completed, and the building will be move-in ready by mid-March, according to Ashley Sinclair with Village Green, an apartment management company. The gist The Devereaux will consist of 240 units in one four-story mid-rise apartment building serviced by three elevators. The building is insured by the U.S. Department of Housing and Urban Development, but its units will be rented at market rates without any subsidies or vouchers, said Scott Hudman, a spokesman for the agency. The units will vary in size from studios to three-bedroom apartments, but the majority (136 units) will be one-bedroom and two-bed- room apartments (80 units). Rent ranges from
Blazer Construction anticipates nishing construction in spring of this year.
78130 $368,073
AMIRA VAN LEEUWEN COMMUNITY IMPACT
78132
78130
78132
78130
78132
$1,275-$2,300 per month. A clubhouse and leasing o ce are incorporated into the rst two oors of the building. Amenities include a resort-style swimming pool, tness center, dog park, outdoor kitchen, grilling stations and more. The total cost of the project is $51 million, according to Sinclair. In addition to fencing and controlled-access gates, the Devereaux will o er various parking options, including carports and garages totaling 408 spaces, according to Hudman.
46
Median home sales price
78130
December
2022
2023
35
$604,701
$539,900
78132
1101
N
CREEKSIDE CROSSING
MARKET DATA PROVIDED BY FOUR RIVERS ASSOCIATION OF REALTORS 830 625 6954 WWW.FOURRIVERSREALTORS.COM
$364,995
$340,000
78130
N
CREEKSIDE TOWN CENTER 263 Creekside Crossing (830) 608-1969
NEW BRAUNFELS 1671 IH-35 S (830) 629-0434
LIVE OAK 14623 IH-35 N (210) 651-1911
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