R.E. Source
(April 20, 2011 ) Standard Pacific Homes’ model home foundation is formed in the new SW neighborhood Avana which is located at the intersection of Escarpment and SH45. Immediately adjacent to the popular Circle C area in SW Austin.
There is about 3 months of available home inventory in the Circle C area, one of the tightest market segments in Austin. This particular area should sell well with that kind of immediate demand.
There are a number of new venues popping up in SW Austin including the Parkway Village (SW corner of Slaughter Lane and Mopac) where the newest Alamo Draft House will be located.
The most of the first section of Avana has caliche on the roads and curbs are poured. The Standard Pacific rep said they are waiting on water approval from the City of Austin. Avana is currently slated to have use of the Circle C neighborhood amenities, although there is a future plan to build a pool and activity center within this area when the second section is underway.
The plan is for homes to range in size from 1800-3300 square feet and prices start in the mid 200’s. One of the more interesting aspects of the first section is that 80% of the lots back to parkland (per Standard Pacific reresentative). The Austin Independent school track should be Kiker Elementary, Gorzycki Middle school and Bowie high. Certainly there is demand for this location in SW Austin.
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Do you believe they will be building any higher end homes in this community?
The front section backs up to SH45, I would hardly call that parkland.
I agree. I’ve looked at the plat and its not apparent what they are considering parkland. It is nice property though. At this time the range is mid-200 to 300+, but its a large tract. This is phase 1. We’ll see how it shapes up.
How do you think it will affect resale in Meridian? Meridian does have the new elementary in the neighborhood. I feel that it would put them at an advantage instead of having to be bussed to Kiker. Thoughts?
Over the 12 months there have been an average of 24+ sales per month in the Circel C vicinity, including Meridian. The price range is $180k to $651k, although the majority of the transactions (180) are between $250k and $360k. The addition of Avana is going to put some pressure on the available comparable properties. The builder will probably need to sell a minimum of 4-6 homes per month so they are going to be priced competitively. Builders offer a choice of plans and upgrades to suit the needs of the customer. Currently in our market most builders are offering a variety of incentives to make it worthwhile for a buyer to consider their product. The offset is activity usually begets more activity. It is a benefit to be able to walk to elementary school.
I saw the options list. No sprinkler system, no fireplace, and everything small seems to be an option. Obviously, these homes are not as nice as Meridian. The 50′ lot size is unappealing as well. Drove by and saw that the first phase is very close to SH45. Not sure who would want to hear the road noise. Plus, you would be dealing with construction for a very long time.
[…] has four floorplans slated for this area and expects to develope another four new floorplans for Avana. They anticipate opening in early July and beginning to take lot reservations the first week of […]
[…] additional one story plans that may be out as early as June. See also Avana Update and Avana, Sw Austin’s Newest Neighborhood Tagged with: new development • new homes If you enjoyed this article, […]
Has anyone bought a house there? What all upgrades did you get from the builder?
Yes there is actually quite a bit of activity in this location. I counted about 40+ homes that are either occupied or are under various stages of construction, not including another dozen or so that have batter boards up for foundation pours. There is just very little decent inventory out there in this SW Austin location. Not that there are as many buyers as there were in 2006, but it is a healthy market.