Sun City, Jan 2024, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

by swpre-chime-me

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

THE ONLY SOURCE

ALEX is the only source of:

(1) Greater 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 Greater 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 AustinArea. Georgetown comparative analysis initiated last month. Adding Round Rock and the Austin Counties this month comparing Bastrop, Bell, Burnet, Caldwell, Hays, Travis and Williamson Counties.

MARKET & TREND

28 sales:
- Down 10% from the previous month.
- Up 40% from the same month last year.
- Monthly Trend predicted a 30.9% DECREASE from last month.
- Economic and supply/demand impact on sales: The 20.9% POSITIVE difference in actual vs predicted sales represents the economic and supply/demand impact on sales.
$12.1 million total net sales volume:
- Down 9% from the previous month.
- Up 27% from the same month last year.

NET SALE PRICE

$439,283 median:
- Up 3% from the previous month.
- Down 2% from the same month last year.
$221 per square foot median:
- Down 2% from the previous month.
- Down 8% from the same month last year.
$431,551 average:
- No change from the previous month.
- Down 9% from the same month last year.
$219 per square foot average:
- Down 3% from the previous month.
- Down 11% from the same month last year.

NET SALE PRICE DISCOUNT FROM LIST PRICE

7.7% median discount:
- Up 3% from the previous month.
- Up 56% from the same month last year.
9.9% average discount:
- Up 20% from the previous month.
- Up 13% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

78 median days:
- Up 46% from the previous month.
- Up 41% from the same month last year.
111 average days:
- Up 52% from the previous month.
- Up 48% from the same month last year.

LUXURY INSIGHTS

$625,000 high net sale:
- Down 17% from the previous month.
- Down 19% from the same month last year.
$277 per square foot high net sale:
- Up 2% from the previous month.
- Down 13% from the same month last year.