Hutto One Minute Tour by ALEX.realestate

Hutto is about 30 miles north of Downtown Austin. In about a minute know more about Hutto 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 Hutto real estate market data for July 2023.

JULY 2023 INSIGHTS

Summary: Hutto’s real estate landscape in July 2023 presents a mix of both opportunities and challenges. While there’s evident cooling in the general market compared to last year, there are positive signs, especially in the luxury segment. Additionally, the summer seems to be a hot period for faster sales. Prospective sellers should be cautious about their listing prices and be open to negotiations, while buyers might find it a good time to explore options and negotiate favorable deals.
Yearly Slowdown: When comparing data from July 2023 to July 2022, there’s a consistent decline in various metrics. Sales volume decreased by 22%, total net sales are down by 33%, and average net sale prices have declined by 15%. This could be indicative of a cooling market, with fewer buyers or a surge in available properties leading to reduced prices.
Upswing in High-End Property Pricing: An interesting observation is the substantial monthly increases in the highest net sale and list prices, along with their respective prices per square foot. This could be a sign that while the general market might be cooling down, there’s still a demand for higher priced properties in Hutto.
Stability in List Prices: Despite some declines in net sale prices, the listing prices (both average and median) have remained relatively stable from June to July 2023. This suggests that sellers are still optimistic about the value of their properties, even if the final sale prices show a slight decline.

JULY 2023 SOLD STATISTICS

Number of Sales: There were 80 sales in July, marking a slight increase of 3% from June 2023 (month-over-month or “MOM”.) However, when compared to July 2022, there’s a significant decrease of 22% (year-over-year or “YOY”.)
Total Net Sales: The cumulative net sales for the month stood at $31,387,406. This is a 1% MOM increase but a notable 33% decrease from the same month last year.
Days from Listing to Escrow: The median time was shorter at 22.50 days, a 13% decrease from the previous month. On average, properties were on the market for 39.51 days in July, which is a 33% decrease from June 2023.
Net Sale Price: The median (middle point) median was $369,706, adown by 2% from June 2023 and 12% from July 2022. The average property sold for $383,926, a slight decrease of 2% from the previous month. Year-on-year, this marks a decline of 15%.
Net Sale Price per SF: The median stood at $191 per square foot, a slight decrease of 3% from the prior month and 11% from the same month last year. On average, properties sold for $197 per square foot, a 1% increase from June but a decrease of 12% from July 2022.
Highest Net Sale Price: The most expensive property in July sold for $925,000. This is a substantial 34% increase from June but a 38% decrease from July 2022.
Highest List Price: The priciest property sold in July had an asking price of $1,100,000. This marked a significant 47% increase from the previous month, though it’s a 29% drop from July 2022.
Net Sale Price Discount from List Price: The median discount stood at 3.0%, which is a 3% narrowing from the previous month. On average, properties sold at a 4.6% discount from their listed price, a widening of 4% from June 2023.

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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
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PS – If you are an Agent or Broker in Hutto 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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