Drive until you can afford it: Wes PeoplesDrive until you can afford it: Wes Peopleshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=131022016-05-10T05:00:00Z2016-05-10T21:20:00Z

​​​NORTHWEST AUSTIN - The number of days most single-family homes in Northwest Austin sat on the market in 2015 was a fraction of what it was in 2011, with the exception of homes in 78726.

Wes Peoples, founder and president of residential construction corporation Wes Peoples Homes, has a saying: Drive until you can afford it.

Rising home prices are driving young adults with children out of Austin and into outlying cities, such as Hutto and Pflugerville, where they can afford housing that fits their family’s needs, Peoples said.

“It’s counter-intuitive, in my opinion,” Peoples said. “We’re forcing people out, [and] the traffic problems are going to get worse.”

According to data from the Austin Board of Realtors, the average home price in 78750,  which is where the Balcones Village/Spicewood neighborhood is located, was $404,260 in 2015—28.5 percent higher than in 2011.

Homes prices in 78758 and 78727 in North Austin have risen 45 percent or more since 2011, according to ABoR data.

“For homebuyers who can afford to purchase a home in Austin, that northwest area is one of the most desirable areas,” said Brandy Guthrie, 2015 president-elect for ABoR. Guthrie said seven out of every ten houses sold each month in the metropolitan area are sold in outlying cities, such as Round Rock, Pflugerville, Cedar Park, Buda and Kyle.

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