Manor One Minute Tour by ALEX.realestate

by swpre-chime-me

Manor is about 15 miles northeast of Downtown Austin. In about a minute know more about Manor 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 LESS Repairs LESS Seller Contributions to Closing Costs.)

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

SUMMARY

In July 2023, the Manor real estate landscape displayed a diverse array of trends. The number of sales and total net sales volume demonstrated a reduction from the prior month. When viewed annually, these figures also indicated a decline from July 2022’s statistics. A prominent increase in the duration properties remained on the market, coupled with significant changes in top-tier property sales, suggests a market undergoing transition. Furthermore, an expansion in the difference between listing and sale prices may point to a stronger negotiation stance on the buyer’s side.

JULY 2023 INSIGHTS

Seasonal Trends: Typically, the summer months have been robust for real estate. There was a slight dip in sales from June to July counter to seasonal trend.

Significant Changes: Homes stayed on the market for more extended periods, indicating a market favoring buyers and listings priced above what buyers are willing to pay. The widening chasm between listing and sale prices further supports this observation.

Positive Highlights: Despite the challenges faced, there’s a silver lining. The market exhibited small monthly contractions in both average and median sale prices, hinting at possible stabilization.

Areas of Concern: The upper end of the market seems to be under duress. This is evident from the notable reductions in the top-end net sale prices and net sale per square foot values, suggesting potential struggles in this market niche.

JULY 2023 SOLD STATISTICS

Market Overview
- Total Sales: 65 sales, registering a decline of 10% from June 2023 and a robust growth of 41% from July 2022.
- Total Net Sales Volume: $25,547,076, down by 14% from June but up by 16% year-over-year.
Days from Listing to Escrow
- Median Cumulative Days on Market: 45 days up 45% from June.
- Average Cumulative Days on Market: 74 days, a rise of 21% from the previous month.
Net Sale Price
- Median Net Sale Price: $345,000, a drop of 11% month-over-month but a descent of 20% YOY.
- Median Net Sale $ per Square Foot: $203, slightly up by 2% MOM but down by 11% YOY.
- Average Net Sale Price: $373,238, a 8% contraction MOM, and a shrinkage of 21% YOY.
- Average Net Sale $ per Square Foot: $201, steady MOM but sliding by 18% year-over-year.
High-End Market
- Highest Net Sale Price: $829,000, down by 11% from June 2023 and a significant drop of 40% YOY.
- Highest Net Sale $ per Square Foot: $343, a considerable shrinkage of 20% MOM and a downturn of 29% YOY.
List Prices
- Median List Price: $359,990, reflecting a 10% decrease MOM, but a 19% descent YOY.
- Median List Price per Square Foot: $208, steady MOM but down by 11% YOY.
- Average List Price: $402,707, a decrease of 4% from the prior month and a 17% decline YOY.
- Average List Price per Square Foot: $214, showcasing a 4% upturn MOM but a dip of 14% compared to July 2022.
Discount from List Price to Net Sale Price
- Median % Discount from List Price: 4.8%, marking a rise of 69% from June 2023.
- Average % Discount from List Price: 8.3%, representing a substantial increase of 61% from June 2023.

ALEX REAL ESTATE STAT PACKS

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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 in Manor 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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