As one of Texas’ most affluent cities, Westlake is an idyllic and close-knit neighborhood with lovely parks, stylish coffee shops, and world-class cuisine. Westlake residents admire the neighborhood for its stunning Spanish- and Mediterranean-style architectural residences designed by well-known architects. If you are thinking about buying a home in Westlake or want to maximize the value of your real estate investment, this post is for you! Continue reading to learn everything you should know about Westlake, TX.
Westlake Neighborhood
Home to around 3,400 residents, Westlake offers numerous amenities, such as outdoors and natural landscapes. This neighborhood is also near the Natural Preserve, Mayfield Park, and the Wild Basin Wilderness. If that is not enough, Barton Creek and Zilker Park are not far away!
All locals work together to protect the environment and take pride in the area’s natural beauty. Thanks to the neighborhood’s small size, and unity, residents have a strong sense of belonging.
There are numerous small enterprises, shops, and restaurants around the neighborhood. And if you want a place to shop, dine, and party for the night, Downtown Austin is only a short drive away.
Thriving Economy
The community of Westlake is expected to keep growing after experiencing substantial economic growth in previous years. Westlake’s employment market is booming, thanks to the neighborhood’s allure to residents and visitors alike. As such, more people will likely move to Westlake as employees in various sectors.
More people in the area means a greater demand for properties in the Westlake real estate market. On average, homes for sale in this neighborhood stay for 55 days on the market, but with increasing demand, they will start selling even faster.
Westlake Real Estate
While single-family homes make up most properties in West Lake, there are also some condos and apartments. Most homes were constructed in the late 1980s to early 1990s and sit on spacious lots with mature trees. In the neighborhood, around 85% of homes are owned, while 15% are rented.
With a great job market, robust economy, and well-built homes, you should expect the housing market in Westlake to slow down any time soon. In fact, Westlake TX real estate agent Cord Shiflet affirms that homes here have one of the best resale values in the State. The current median listing price in the area is approximately $3.4 million, higher than most of Texas’ communities.
Westlake will remain a fantastic real estate investment due to its robust economy, excellent job market, and well-built homes. In addition, the current median home price of $4,022,051 is greater than that of several other North Texas communities.
Fun Things to Do in Westlake
Various routes are suitable for hikers of all levels, ranging from the Wild Basin Wilderness Preserve to the picturesque paths that meander through the Barton Creek Greenbelt. You can also tour the many parks and historical sites across the area.
Furthermore, there are several stores, restaurants, and outdoor and indoor kid-friendly activities throughout the Westlake neighborhood that lend to the community’s laid-back family atmosphere.
Discover Homes for Sale in Westlake TX, with Cord Shiflet
Buying a home in a hot housing market like Westlake TX, can be a complex and overwhelming venture, with numerous variables to consider. You do not want to go all in by yourself! Employ the expertise of top-tier real estate agent Cord Shiflet to ensure an exciting process and smooth transaction. As a long-term Westlake real estate agent, Cord understands the local market and can guide you on everything from the finest listings to negotiations, and more. Make that call today to Cord Shiflet!
