AUSTIN MONTHLY Lauds Teravista
Wednesday, July 20, 2016
Looking for a new home in ATX? Think 78665 – home to Teravista
If you’re in search of a suburban sanctuary outside Austin city limits, consider the popular Teravista community in Round Rock and Georgetown. So says Austin Monthly magazine, which gave Teravista and the 78665 ZIP code an honorable mention with its new list of the 10 hottest Austin ZIP codes for home sales.
Austin Monthly writes: Tucked behind shopping meccas like IKEA and the Round Rock Premium Outlets, this popular development boasts everything from low-maintenance homes to luxury homes with Tuscan-inspired architecture. With the legendary Round Rock Donuts only 15 minutes from home, this master- planned community features a multitude of ways to burn off those breakfast calories, including three neighborhood pools, an award-winning golf course, miles of landscaped trails and a splash pad for the kiddos.
In recommending 78665 as one of two desirable ZIP codes outside of Austin city limits, Austin Monthly writes that “prices in the ATX market have gotten so high and the volume of properties so low, the Austin Board of Realtors says the majority of home sales activity is now taking place outside of city limits.”
The median price for a single-family home in Austin has increased nearly $30,000, and the average price for a single-family home is now $333,558, the magazine noted.
Teravista is bucking the trend of rising prices. The community’s new-home sales increased 46 percent in the first half of 2016, thanks in large part to a variety of new choices priced under $300,000. These include new Craftsman-inspired homes priced from the $230,000s by Centerra and Chesmar in Pearl Cove. (Please note that these new homes are actually located in the newest neighborhoods of Teravista, within zip code 78628.)
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