Bastrop County One MInute Tour by ALEX.realestate

Bastrop County is the county east of Travis County and Austin. In about a minute know more about Bastrop County real estate than almost anyone! ALEX provides agents, brokers and their clients with deep intelligence and genius real estate knowledge. ALEX is the only source of Net Sale Price Statistics (Net Sale Price = Sale Price – Repairs – Seller Contributions to Closing Costs.)

Let’s dive into the Bastrop County real estate market data for July 2023.

INSIGHTS & TRENDS

• The increase in properties’ cumulative days on the market suggests that houses are taking longer to sell compared to the previous year. This could be influenced by various external factors such as economic conditions or buyer sentiments in the region.
• While the number of sales has increased, the average and median sale prices have seen a decline year-over-year. This might indicate that buyers are looking for more affordable options in the county, or sellers are adjusting prices to meet the market demand.
• The noticeable drop in high list and sale prices points towards a slowdown in the luxury or high-end property market.
• Seasonal trends might also be impacting the market. Historically, the summer months, particularly July, can be active for real estate, but this year’s longer days on the market and decreased sale prices suggest potential buyer hesitancy.

KEY FINDINGS

1. Number of Sales: The number of sales in July increased significantly by 23% from the prior month, with a total of 70 properties sold. Year-over-year it increased by 32%.
2. Total Net Sales Volume: The total net sales reached $29,852,605, marking a rise of 24% from June. Total net sales also grew by 18% compared to the same month last year.
3. Days to Escrow: The median cumulative days on the market decreased to 42.50 days, 21% shorter than June.
4. Net Sale Price: The median net sale prices grew 5% from June to $389,495. The median net sale price declined by 10% year-over- year.
5. High Net Sale Price: Properties on the higher end of the market saw a decrease, with the top net sale price at $800,000, down by 30% from June. The top net sale price declined by 32% compared to July 2022.
6. List Prices: The median list price increased by 5% increase from June to $398,998 in July. The median list prices decreased by 11% year-over-year.
7. Highest List Price of Properties Sold: The highest list price dropped to $948,900, a 17% decrease from June. Compared to July 2022 it declined by 28%.
8. Net Sale Price Discount from List Price: The median percent discount was 6.3%.

ALEX REAL ESTATE STAT PACKS

About Stat Packs
Download this or any July 2023 Stat Pack

ALEX currently publishes 36 Stat Packs in the Greater Austin area. If you are interested in area we are not currently publishing or have any question, contact me. I’m always available! Diane

I’M ALWAYS HERE

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
Chairman, ALEX Cares 
v 713.591.9902
o 713.918.9951
e diane@alex.realestate

PS – If you are an Agent or Broker in Bastrop County and want to be one of the few armed with the best research, analysis, marketing and White Glove Service for your clients and for you contact me! Diane

SUMMARY TABLE

CUMULATIVE DAYS ON MARKET

NET SALE PRICE* PERCENT DISCOUNT FROM LIST PRICE

TOTAL NUMBER OF SALES

TOTAL NET SALES* VOLUME

NET SALE PRICE* PER SF

NET SALE PRICE* PER HOME

LIST PRICE PER SF

LIST PRICE PER HOME

HIGH LIST PRICE & HIGH NET SALE PRICE* PER SF

HIGH LIST PRICE & HIGH NET SALE PRICE*

ALEX REAL ESTATE STAT PACKS

About Stat Packs
Download any or all July 2023 Stat Packs

ALEX currently publishes 36 Stat Packs in the Greater Austin area. If you are interested in area we are not currently publishing, contact me. I’m always available! Diane.

PROJECT TEAM

Teale Miller, Consulting Analyst
Janez Novak, Senior Consulting Analyst
George Alexander, Project Lead