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

ALEX Labs just completed analysis of Far West Austin single family sales reported to the Austin Board of Realtors for February 2024. Far West Austin includes the following Zip Codes: 78726, 78632, 78736 and 78738. In about 60 seconds know more about the Far West Austin real estate market than almost anyone! 

THE ONLY SOURCE

ALEX is the only source of:

(1) Far West 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 Far West Austin monthly sales.

(3) Monthly Net Sales and Other Key Statistics for over 45 Markets in the Greater Austin Area.

(4) Comparing % change in number of sales month over month to  Monthly Trend. Georgetown comparative analysis.

MARKET & TREND

55 total sales:
Up 49% from the previous month. Up 6% from the same month last year.

Monthly Trend: Predicted a 23.2% INCREASE from the previous month.

Sales Net of Monthly Trend: 25.8% POSITIVE difference in actual vs predicted sales.

$64,951,051 total net sales volume:
Up 79% from the previous month. Up 45% from the same month last year.

NET SALE PRICE

$1,177,020 average:
Up 21% from the previous month. Up 37% from the same month last year.

$305 per square foot average:
Up 5% from the previous month. Up 3% from the same month last year.

$822,693 median:
Up 5% from the previous month. Up 10% from the same month last year.

$276 per square foot median:
Up 7% from the previous month. Down 1% from the same month last year.

LIST PRICE

$1,234,177 average:
Up 20% from the previous month. Up 38% from the same month last year.

$320 per square foot average:
Up 4% from the previous month. Up 3% from the same month last year.

$869,857 median:
Up 3% from the previous month. Up 12% from the same month last year.

$295 per square foot median:
Up 5% from the previous month. Up 2% from the same month last year.

NET SALE $ % DISCOUNT FROM LIST $

9.0% average discount:
Down 40% from the previous month. Down 21% from the same month last year.

5.6% median discount:
Down 52% from the previous month. Down 37% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

140 average days:
Down 7% from the previous month. Up 69% from the same month last year.

90 median days:
Down 22% from the previous month. Up 58% from the same month last year.

LUXURY INSIGHTS

$7,545,000 high net sale:
Up 160% from the previous month. Up 116% from the same month last year.

$810 per square foot high net sale:
Up 26% from the previous month. Up 42% from the same month last year.

ALEX REAL ESTATE STAT PACKS

Get any or all Stat Packs

ALEX Studios currently publishes over 45 Stat Packs in the Greater Austin area including Far West Austin. If you are interested in an area we are not currently publishing, or if you have any questions, contact me. I’m always available! Aaron

ALEX knows more about Far West Austin area than just about anybody.

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

Aaron Alexander, BA, CLHMS, ABR
Senior Partner ALEX.realestate
Board Member ALEX Cares
v 214-886-0816
e aaron@alex.realestate
w https://aaronalexander.alex.realestate/

Are you an Agent or Broker in Far West Austin? 

This is NOT a large number of agents game for us. For example, in Far West Austin we will accept up to 3 agents and/or brokers.

Do you want to work with a Broker in the top 2% of Zillow globally who is willing to help you with farming area targeting, lead generation, lead nurturing and lead conversion?

Would you like 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! Aaron

SUMMARY TABLE

DAYS FROM LISTING TO ESCROW

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 PER SF & HIGH NET SALE PRICE* PER SF

Note: We do not audit ABOR data. We assume the unusual numbers (spikes) are probably due to Listing Agents misclassifying properties as “Single Family Residential”

HIGH LIST PRICE & HIGH NET SALE PRICE*

NOTE: We do not audit ABOR data. We assume the unusual numbers (spikes) are probably due to Listing Agents misclassifying properties as “Single Family Residential”

PROJECT TEAM

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