ALEX Labs just released the Northwest Georgetown 78633 Zip Code. December 2022 Statistics Report. This Report analyzes single family residential sales from Dec 2020 to Dec 2022 and presents key monthly data and trends in easy to understand charts and summary tables.
NOTE: Sun City is excluded from this analysis and will be separately reported.
Northwest Georgetown is 36 miles north of Downtown Austin.
UPDATED MODEL
Thanks for feedback. ALEX Labs has added many new tools and charts.
Property Attributes: This is the most requested new tool. We are providing analysis of pool homes, new homes, resales, views (lake front, golf, other view, etc.), age of home, single story, multi-story, etc.
Net Sale $: We adjust the reported Sale $ by any repairs paid by Seller or Buyer Closing Costs paid by Seller. This provides a more accurate valuation. All Sold $ and Sold $ per SF valuations are based on Net Sale $.
Key Findings: For each blog we will focus on key findings.
Complete Report Available: Call, text or email Diane to request a complete report.
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ATTRIBUTE SUMMARY TABLE
MEDIAN STATISTICS SUMMARY TABLE
10 KEY FINDINGS
#1 Pool homes sold for 37% more per SF
Dec 2022 sold $ per SF for homes with a pool was $267 compared to $195 per SF for homes without a pool. This indicates a $72 per SF or 37% difference.
Limitation: In general pool homes are at the upper end of markets so the $ difference for a pool is exaggerated. In a recent analysis of The Woods in northwest Georgetown, the value of a pool was estimated at $137,000.
#2 One story homes sold for 25%+ more per SF
In Dec 2022 single story homes sold for $234 per SF compared to $185 per SF for multi story homes. This indicates a $49 per SF or 26% difference.
#3 Number of sales and total sales volume increased 13% in Dec 2022 from Nov 2022
27 sales in Dec 2022 up 13% from sales Nov 2022
Total Dec 2022 sales volume was $17.025M up 13% from Nov 2022
#4 Sale $ per SF was $211 down 10% from Nov 2022
#5 93% of sales were under list $
#6 Average days on market increased 33% or 0.52 days per day Dec 2022 compared to Nov 2022
64 (Dec 2022) / 48 (Nov 2022 / 31 (days in December) = 0.52 days
#7 Average List $ per SF decreased 12% or $1.03 per day Dec 2022 compared to Nov 2022
$267.91 (Nov 2022) – $235.92 (Dec 2022) / 31 (days in December) = $1.03 dollars
#8 Average discount from list was 4.2% or $12,757
#9 Homes on view lots sold for 6% or 12$ per SF more
In Dec 2022 the sold $ per SF for homes with a view was $224 compared to $211 per SF for homes without a view. This indicates a $12 per SF or 6% difference.
#10 Average sale $ per home increased but driven by larger homes
$630,561 (Dec 2022) – $610,246 (Nov 2022) = $20,314 higher average sale price.
2,732 SF (Dec 2022) compared to 2,319 SF (Nov 2022).
$226.68 sale $ per SF (Dec 2022) compared to $252.02 sale $ per SF (Nov 2022).
SEARCH NORTHWEST GEORGETOWN REAL ESTATE & HOMES FOR SALE
FOR MORE INFORMATION
Diane Hart Alexander, MBA, MHA, Broker CEO
Alexander Tiffany Southwest dba ALEX.realestate
Chairman, ALEX Cares
v 713.591.9902
o 713.918.9951
e diane@alex.realestate
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