Strong real estate market trends continue in Leander

LEANDER – Residential real estate insiders are looking at 2013 as a year of growth in Leander. City documents indicate that more than 14,000 homes within 26 different Leander subdivisions are in some stage of development and are expected to be completed in the next ten years.

Approximately 51 percent of all Austin-area housing starts are in Williamson County, according to a report by Population & Survey Analysts Demographics (PASA). However, inventory has remained low in Leander and Cedar Park, driving up prices of new and resale homes of all sizes.

Some homebuyers are looking in Leander because fewer homes are available in Cedar Park. In 2013, the number of homes sold in the Cedar Park region as defined by the Austin Board of Realtors totaled 1,415, compared with 1,656 in the Leander region.

The economy, availability of home mortgages and immigration all contribute to the area’s residential development, according to PASA. The report shows unemployment rates in Williamson County, Cedar Park and Leander dropped between 2012 and 2013.

A boom in condo, apartment and townhome development is also expected to draw more residents to the area. Within Leander ISD boundaries — which include most of Leander, Cedar Park and a small portion of far northwest Austin — 27 condominiums and at least 35 apartment complexes are planned to be built in the next ten years.