Lakeway Homes for Sale
Lakeway is a beautiful and affluent city located in Travis County, Texas. This serene community is nestled along the south shore of Lake Travis and is surrounded by rolling hills, stunning views, and abundant wildlife. Lakeway offers a perfect blend of natural beauty and modern amenities, making it a popular choice for families and retirees alike.
Lakeway is situated approximately 20 miles northwest of downtown Austin, Texas. The city is easily accessible from the Austin-Bergstrom International Airport via Highway 71 and Ranch Road 620. The community is known for its tranquil and scenic location, offering residents a perfect escape from the hustle and bustle of city life.
Schools and Day Care
Lakeway is served by the Lake Travis Independent School District, which includes six elementary schools, two middle schools, and one high school. The district is known for its excellent academic programs and state-of-the-art facilities. Additionally, there are several reputable daycares and preschools in the area, including the Goddard School, Primrose School, and Children's Courtyard.
Lakeway is home to a variety of amenities, including the Lakeway Resort and Spa, which offers golfing, tennis, and a full-service spa. The city also boasts multiple parks and nature trails, including the Hamilton Greenbelt and Lakeway City Park. There are several boat ramps and marinas located on Lake Travis for water sports enthusiasts. The Lakeway Airpark is a popular destination for aviation enthusiasts.
Lakeway offers a variety of shopping options, including the Hill Country Galleria, a premier outdoor shopping mall. There are also several locally-owned boutiques and shops located throughout the city.
Lakeway is known for its vibrant restaurant scene, offering a variety of options ranging from upscale dining to casual fare. Some popular options include the Sundancer Grill, Flores Mexican Restaurant, and Hudson's on the Bend.
As of the 2020 census, the population of Lakeway is approximately 15,000. The city has experienced steady growth over the past decade, making it one of the fastest-growing areas in the Austin metropolitan area. The median age of residents is 45 years, and the majority of the population is highly educated.
According to the housing data for 78734 zip code, which encompasses Lakeway, in December 2022, the average price of a single-family home was $739,000, and the median price was $680,000. The average price per square foot was $324, and the average days on market was 74. The close price ratio was 89%, indicating a seller's market. The city has a mix of older homes and newer developments, with many homes featuring stunning views of Lake Travis.
Employment and Commute Insights
Lakeway is a thriving community with many employment opportunities. Some of the top employers in the area include Lake Travis Independent School District, Lakeway Regional Medical Center, and the City of Lakeway. Many residents commute to Austin for work, which is approximately a 30-minute drive from the city. The community also offers easy access to the Hill Country and the scenic Texas Wine Trail.
Housing Market Insights
The single-family housing market in Lakeway's 78734 zip code showed positive signs in January 2023. There were 20 single-family homes sold, which is a 25.9% increase compared to the previous month and a 16.5% increase compared to the same period last year.
The dollar volume for single-family homes sold was $21.96 million, up by 17.3% compared to the previous month and up by 12.5% compared to the same period last year. The average price for single-family homes in January 2023 was $1.1 million, a 11.6% increase compared to the previous month and a 2.1% increase compared to the same period last year. The median price for single-family homes was $739,000, a 2.1% increase compared to the previous month and a 1.2% increase compared to the same period last year.
The percentage of original list price received was 89.1%, which is a 0.9% increase compared to the previous month and a 0.1% decrease compared to the same period last year. The days on market for single-family homes in January 2023 was 74 days, which is 15.6% less compared to the previous month and 8.8% less compared to the same period last year.
These numbers show that the single-family housing market in Lakeway's 78734 zip code is experiencing a positive trend, making it a great time for potential buyers to consider purchasing a home in the area.
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