West Austin real estate market remains steady

​​AUSTIN – Real estate professionals in the Westlake and Lake Travis area say although the housing market there is not as active as it was two years ago, sales are still going strong throughout the region, even with a lack of inventory in some parts of the area.

With the lake at full capacity, real estate professionals say the market is not declining anytime soon.

Cord Shiflet, a member of the Austin Board of Realtors and a Realtor with Moreland Properties, said although costs for luxury homes—usually with a price tag of $2 million or more—in the Westlake area have dropped by as much as 20 percent in the past two years, the housing market has remained steady.

Brian Talley, a Realtor with Regent Property Group, said buying a home remains appealing in a competitive market such as Austin.

“Job stability and job growth have created an environment of extremely low supply and high demand in Austin,” he said.