Lakeway, Feb 2024, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

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

THE ONLY SOURCE

ALEX is the only source of:

(1) Lakeway 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 Lakeway 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

28 total sales:
Up 155% from the previous month. Up 115% from the same month last year.

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

Sales Net of Monthly Trend: 131.8% POSITIVE difference in actual vs predicted sales.

$25,861,133 total net sales volume:
Up 128% from the previous month. Up 98% from the same month last year.

NET SALE PRICE

$921,129 average:
Down 10% from the previous month. Down 8% from the same month last year.

$299 per square foot average:
Up 2% from the previous month. Down 2% from the same month last year.

$811,445 median:
No change from the previous month. Down 8% from the same month last year.

$290 per square foot median:
Up 10% from the previous month. Down 1% from the same month last year.

LIST PRICE

$964,195 average:
Down 12% from the previous month. Down 8% from the same month last year.

$310 per square foot average:
Up 1% from the previous month. Down 3% from the same month last year.

$831,200 median:
Down 5% from the previous month. Down 9% from the same month last year.

$301 per square foot median:
Up 8% from the previous month. Down 2% from the same month last year.

NET SALE $ % DISCOUNT FROM LIST $

10.1% average discount:
Down 23% from the previous month. Down 16% from the same month last year.

6.1% median discount:
Down 49% from the previous month. Down 51% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

163 average days:
Up 11% from the previous month. Up 51% from the same month last year.

110 median days:
Up 48% from the previous month. Up 13% from the same month last year.

LUXURY INSIGHTS

$2,925,000 high net sale:
Up 56% from the previous month. Up 35% from the same month last year.

$463 per square foot high net sale:
Up 4% from the previous month. Down 14% from the same month last year.

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ALEX Studios currently publishes over 45 Lakeway in the Greater Austin area including Lakeway. 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

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ALEX knows more about Sun City 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 Lakeway?

This is NOT a large number of agents game for us. For example, in Lakeway we will accept up to 2 more agents and/or brokers in the Lakeway/Bee Cave area. I am already in Lakeway.

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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?

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Want to know more about ALEX or ALEX Partner positions?

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