Buda One Minute Tour by ALEX.realestate

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Buda is about 15 miles south of Downtown Austin. In about a minute know more about Buda 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 Buda real estate market data for July 2023.

JULY 2023 INSIGHTS

Market Overview: While the general Buda real estate market shows some signs of slowing, there are distinct segments, such as the high-end market, showing resilience or even growth.
Slower Summer Sales: Typically, the summer months, especially June and July, see increased real estate activity in many markets. However, in Buda, we observe a significant decline in the number of sales and total net sales value in July 2023 compared to June. This might indicate that while summer started strong in June, there was a slowdown as the season progressed.
Increased Days on Market: The increased cumulative days on the market, both on average and median values, suggest that homes are taking longer to sell during this season.
High-End Market Boom: The high net sale price and high list price both increased considerably compared to the previous month and year. This suggests that high net worth families are finding Buda and there are new developments driving up prices.
Stabilizing List Prices: While the sales prices have seen some decline, the average and median list prices per square foot have remained relatively stable or shown slight increases from June 2023.

JULY 2023 SOLD STATISTICS

Market Trends:

Number of Sales: Sales in July decreased to 59, which is a 24% reduction from June 2023 (MOM) and a 14% year-over-year (YOY) decrease from July 2022.
Total Net Sales Volume: The total net sales volume was $28,956,176, dropping by 26% MOM and by 24% YOY.
Days from Listing to Escrow: Homes spent an average of 57 days on the market, which is a slight decrease of 1% from June 2023. The 35 median days on the market was a 46% MOM increase.
Net Sale Price Discount from List Price: The average discount was 2.6%. The 2.9% median discount from the list price was a slight 1% increase from the previous month but no change from July 2022.
Net Sale Price: The average selling price was $467,907. The $380,836 median net sale price decreased by 7% from the previous month and by 23% from July 2022. The median price per square foot was $204, which is a 1% decrease from June 2023 and a 14% decrease from July 2022.
High Net Sale Price: The highest price for a home sold in July was $1,985,663 and up 24% MOM up 43% YOY.
List Price: The $214 median list price per square foot was virtually unchanged MOM from June 2023 but down by 7% from July 2022.
High List Price: The highest list price for a home sold in July was $2,042,000, which is an increase of 3% from the previous month and a substantial 51% increase from July 2022.

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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

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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 living in, working in, interested in or relocating to Buda 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

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