Austin-Area : A Look at Price Appreciation from 2000 to 2023
Published | Written by Dan Price
The real estate market in Texas has seen significant changes over the past two decades. A comprehensive data set, recently updated by Team Price Real Estate on June 15, 2023, provides a detailed look at the average sold price and appreciation year over year for various cities in Texas from 2000 to 2023.
The data set includes a broad range of cities, reflecting the diverse real estate markets across the state. Each city's data is meticulously tracked and updated, providing a clear picture of the trends and shifts in the Texas real estate market over the years.
Let's focus on five cities that have shown notable appreciation in real estate prices from 2000 to 2023. These cities are Leander, Wimberley, Cedar Creek, Dale, and Driftwood. Leander leads the pack with a staggering 325% increase in average sold price from 2000 to 2023, with a compound rate of appreciation of 6.5%, ranking it first among all the cities in the data set. Wimberley follows closely with a 303% increase in average sold price over the same period and a compound rate of appreciation of 6.2%, ranking second. Cedar Creek, Dale, and Driftwood have also shown impressive growth, with increases in average sold prices of 298%, 269%, and 278% respectively.
These cities represent the dynamic and robust real estate market in Texas. They highlight the potential for growth and investment in the region, making them attractive options for potential investors and homebuyers.
As a broker for Team Price Real Estate, we have over 130 agents in Austin ready to assist buyers, sellers, and those moving to Austin, TX. Our website, teamprice.com, publishes over 500 pages of statistics every week, keeping you updated on the latest trends and data in the real estate market.
This data is just one of the many resources we provide to help you make informed decisions about your real estate investments. Whether you're looking to buy, sell, or simply keep an eye on the market, our team is here to provide expert guidance and support.
Remember, real estate is more than just buying and selling properties—it's about making the right decisions at the right time. And with Team Price Real Estate, you're not alone in this journey. We're here to help you every step of the way.
The information provided by Team Price Real Estate is an invaluable resource for anyone interested in the Texas real estate market. Whether you're a potential homebuyer, a real estate investor, or simply someone interested in market trends, this data offers a wealth of insights into the evolving landscape of Texas real estate.?