Austin, Feb 2024, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

by swpre-chime-me

ALEX Labs just completed analysis of all single family sales reported to the Austin Board of Realtors for February 2024. In about 60 seconds know more about the Austin real estate market than almost anyone!

THE ONLY SOURCE

ALEX is the only source of:

(1) Austin Net Sale Price Statistics (Net Sale Price = Sale Price LESS Repairs LESS Seller Contributions to Closing Costs.)

(2) Austin Board of Realtors Monthly Trend Model (Monthly Trend) applied to Austin monthly sales.

(3) Monthly Net Sales and Other Key Statistics for over 40 Markets in the Greater Austin Area.

(4) Comparative Monthly Trend and other analysis of multiple Markets in the Greater Austin Area. Georgetown comparative analysis initiated last month.

Adding: Round Rock and it’s 3 Zip Codes; and, the Austin MSA plus Bell County this month comparing Bastrop, Bell, Burnet, Caldwell, Hays, Travis and Williamson Counties.

MARKET & TREND

554 total sales:
- Up 35% from the previous month.
- Up 7% from the same month last year.
Monthly Trend predicted a 23.2% INCREASE from the previous month.
Sales Net of Monthly Trend: 11.8% POSITIVE difference in actual vs predicted sales.
$413,445,892 total net sales volume:
- Up 41% from the previous month.
- Up 12% from the same month last year.

NET SALE PRICE

$575,000 median:
- Up 3% from the previous month.
- Up 2% from the same month last year.
$304 per square foot median:
- Up 6% from the previous month.
- Up 3% from the same month last year.
$741,602 average:
- Up 4% from the previous month.
- Up 5% from the same month last year.
$345.91 per square foot average:
- Up 6% from the previous month.
- Up 1% from the same month last year.

NET SALE PRICE DISCOUNT FROM LIST PRICE

5.5% median discount:
- Down 32% from the previous month.
- Down 37% from the same month last year.
8.2% average discount:
- Down 34% from the previous month.
- Down 32% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

69 median days:
- Up 10% from the previous month.
- Up 8% from the same month last year.
86.86 average days:
- Up 1% from the previous month.
- Up 6% from the same month last year.

LUXURY INSIGHTS

$7,545,000 high net sale:
- Up 47% from the previous month.
- Up 116% from the same month last year.
$981.00 per square foot high net sale:
- Down 12% from the previous month.
- Down 28% from the same month last year.

ALEX REAL ESTATE STAT PACKS

Get any or all Stat Packs

ALEX Studios currently publishes over 40 Stat Packs in the Greater Austin area including comparative analysis of multiple areas. If you are interested in an area we are not currently publishing, or if you have any questions, contact me. I’m always available! Diane

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ALEX knows more about Greater Austin than just about anybody.

If you have any questions, I am always here. Just call, text or email me.

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
v 713.591.9902
e diane@alex.realestate

Are you an Agent or Broker in Greater Austin?

This is NOT a numbers game for us. For example, in Williamson County we will accept up to 12 agents and/or brokers.

Do you want to work with a Broker in the top 2% of Zillow globally who is excellent at farming area targeting, lead generation, lead nurturing and lead conversion?
Do you want to be armed with the best and most powerful tools including Stat Packs and 1 Minute Tours?
Want to know more about ALEX or ALEX Partner positions?

Contact me! Diane

SUMMARY TABLE

DAYS FROM LISTING TO ESCROW

NET SALE PRICE* PERCENT DISCOUNT FROM LIST PRICE

We do not audit ABOR data. We assume these unusual numbers for Oct 2022 are due to a Listing Agent misclassifying a property as “Single Family Residential”

TOTAL NUMBER OF SALES