The Steiner Ranch neighborhood may be a master-planned community, but its development is going faster than planned.
Developers and real estate agents say housing prices at the higher-end development on RR 620 in Far Northwest Austin remain strong during the economic downturn because of its amenities combined with the reputation of its schools.
Overall in Central Texas, home sales from last year are off by about 35 percent. But in Steiner Ranch near Lake Travis, home sales have only dipped 13 percent below last year’s level. Through August, brokers had sold 143 homes in Steiner Ranch compared with 164 during the same period last year.
The median sale price in Steiner Ranch reached $350,000 this year, officials said. In Central Texas, the median price for a house has slumped to $191,500 this year versus $195,000 last year, according to the Austin Board of Realtors.
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