ALEX Labs just completed analysis of all West Georgetown single family sales reported to the Austin Board of Realtors for February 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 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
105 total sales:
Up 35% from the previous month. Up 54% from the same month last year.
Monthly Trend: Predicted a 23.2% INCREASE from the previous month.
Sales Net of Monthly Trend: 11.8% POSITIVE difference in actual vs predicted sales.
$60,492,376 total net sales volume:
Up 44% from the previous month. Up 72% from the same month last year.
NET SALE PRICE
$569,084 average:
Up 7% from the previous month. Up 11% from the same month last year.
$222 per square foot average:
Up 7% from the previous month. Up 2% from the same month last year.
$499,990 median:
Up 3% from the previous month. No change from the same month last year.
$215 per square foot median:
Up 6% from the previous month. No change from the same month last year.
LIST PRICE
$591,005 average:
Up 6% from the previous month. Up 11% from the same month last year.
$231 per square foot average:
Up 5% from the previous month. Up 2% from the same month last year.
$524,900 median:
Up 1% from the previous month. Down 2% from the same month last year.
$225 per square foot median:
Up 5% from the previous month. Up 2% from the same month last year.
NET SALE $ % DISCOUNT FROM LIST $
8.8% average discount:
Down 11% from the previous month. Down 30% from the same month last year.
6.1% median discount:
Down 14% from the previous month. Down 37% from the same month last year.
CUMULATIVE DAYS FROM LISTING TO ESCROW
118 average days:
Up 24% from the previous month. Up 34% from the same month last year.
95 median days:
Up 47% from the previous month. Up 26% from the same month last year.
LUXURY INSIGHTS
$1,562,400 high net sale:
Up 35% from the previous month. Up 80% from the same month last year.
$378 per SF high net sale:
Up 4% from the previous month. Up 16% from the same month last year.
ALEX REAL ESTATE STAT PACKS
ALEX Studios currently publishes over 45 Stat Packs in the Greater Austin area including West Georgetown. If you are interested in an area we are not currently publishing, or if you have any questions, contact me. I’m always available! Diane
ALEX knows more about West Georgetown area than just about anybody.
If you have any questions, I am always here. Just call, text or email me.
Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
v 713.591.9902
e diane@alex.realestate
Are you an Agent or Broker in West Georgetown?
This is NOT a large number of agents game for us. For example, in West Georgetown we will accept up to 2 agents and/or brokers.
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?
Would you like to be armed with the best and most powerful tools including Stat Packs and 1 Minute Tours?
Want to know more about ALEX or ALEX Partner positions?
Contact me! Diane
SUMMARY TABLE
DAYS FROM LISTING TO ESCROW
NET SALE PRICE* PERCENT DISCOUNT FROM LIST PRICE
Note: We do not audit ABOR data. We assume the Dec 2023 unusual number (spike) is probably due to a Listing Agent incorrectly manually entering sale data
TOTAL NUMBER OF SALES
TOTAL NET SALES* VOLUME
NET SALE PRICE* PER SF
NET SALE PRICE* PER HOME
LIST PRICE PER SF
LIST PRICE PER HOME
HIGH LIST PRICE PER SF & HIGH NET SALE PRICE* PER SF
We do not audit ABOR data. We assume the unusual numbers (spikes) in several months are probably due to Listing Agents misclassifying properties as “Single Family Residential”
HIGH LIST PRICE & HIGH NET SALE PRICE*
PROJECT TEAM
Teale Miller, Consulting Analyst
Janez Novak, Senior Consulting Analyst
George Alexander, Project Lead
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