Quote:
Originally Posted by IluvATX
I used to live in the treed area on the bottom left. My mom grew up in that same area. It is called Travis Heights. It used to be pretty middle class and suburban, but now has gentrified to the point to where when I move back, it’ll be hard to afford this area. I think the lots now are starting at about $500 k with a hundred year old run down house. They are now demoing those houses to build million dollar houses, thus gentrification.
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I live in Allandale (north central). In the last year, more of the 50-60 year old homes are coming down and being replaced. The first houses to come down are the ones that would cost too much to repair or upgrade. There's a home on my street that came down a couple of weeks ago. My realtor friend told me that the piping under the house had leaked and pretty much ruined the house. So a developer paid the owner about $470K for a house that couldn't be repaired. The home that will replace it will be on the market for $1.3 M. There's a similar one on the street behind me, and there's a street a few blocks from me where there have been four tear-downs. The homes in Allandale that are in good shape are going for astronomical prices, even those that haven't been updated. It's all location. We're now considered central. The Anderson Lane/Burnet commercial districts are very close and have just about everything. My understanding is that Crestview is even more expensive.