West Georgetown, Jan 2024, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

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

THE ONLY SOURCE

ALEX is the only source of:

(1) West Georgetown 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 West Georgetown monthly sales.

(3) Monthly Net Sales and Other Key Statistics for over 40 Markets in the Greater Austin Area.

(4) Comparative analysis of Monthly Trend and other statistics for:

Georgetown Comparative Analysis: Georgetown, East Georgetown Zip Code 78626, West Georgetown Zip Code 78628, Northwest Georgetown Zip Code 78633 excluding Sun City, Sun City.

Coming Soon – Round Rock Comparative Analysis: Round Rock, East Round Rock Zip Code 78664, West Round Rock Zip Code 78661, North Round Rock Zip Code 78665 and Williamson County.

Coming Soon – Austin Area Counties Comparative Analysis: Bastrop County, Bell County, Burnet County, Caldwell County, Hays County, Travis County, Williamson Counties and all of ABOR.

MARKET & TREND

78 sales:
- Down 32% from the previous month.
- Down 1% from the same month last year.
- Monthly Trend predicted a 30.9% DECREASE from the previous month.
- Sales Net of Monthly Trend: A 1.1% NEGATIVE difference in actual vs predicted sales.
$42.0 million total net sales volume:
- Down 36% from the previous month.
- No change from the same month last year.

NET SALE PRICE

$484,356 median:
- Down 8% from the previous month.
- Up 3% from the same month last year.
$204 per square foot median:
- Down 6% from the previous month.
- Down 6% from the same month last year.
$529,963 average:
- Down 6% from the previous month.
- Up 1% from the same month last year.
$208 per square foot average:
- Down 6% from the previous month.
- Down 7% from the same month last year.

NET SALE PRICE DISCOUNT FROM LIST PRICE

7.0% median discount:
- Down 9% from the previous month.
- Down 44% from the same month last year.
9.8% average discount:
- Down 52% from the previous month.
- Down 22% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

65 median days:
- Down 19% from the previous month.
- Up 4% from the same month last year.
95 average days:
- Down 10% from the previous month.
- Up 26% from the same month last year.

LUXURY INSIGHTS

$1,157,000 high net sale:
- Down 7% from the previous month.
- Down 27% from the same month last year.
$362 per square foot high net sale:
- Down 18% from the previous month.
- Down 16% from the same month last year.