Pflugerville may be ready for a real estate comeback. The city of Pflugerville straddles both Travis and Williamson Counties. It's just north of Austin and south of Round Rock. The Pflugerville real estate market took a dive in 2002 and still has not fully recovered. I sense that the boom is on the way because more investors and real estate agents are starting to target the area.
There is still a great deal of short sales, foreclosures, sellers with no equity, and overbuilding. On the other hand, retail shops and strip centers are being built at a feverish pace. There are new multifamily developments going on as well, with tracts of land disappearing much quicker than before. As new home subdivisions were being built, so were primary schools. The retail has followed the new rooftops.
Naturally, more commercial real estate brokers and builders are targeting Hutto and Pflugerville as the new Highway SH130 nears completion. SH130 is on the far East side of Pflugerville, where much of the new development has occurred. On the opposite side (west) is Interstate Highway 35, a major artery right down the middle of Central Texas.
Put all of these signs together and the overriding thought is that there is an upcoming new era in Pflugerville real estate. Although we still have a lot of new homes on the market, now may be a good time for buyers and investors to take notice.
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