Williamson County One Minute Tour by ALEX.realestate

Williamson County is the county north of Travis County and Austin. In about a minute know more about?Williamson County?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 (1) Net Sale Price Statistics (Net Sale Price = Sale Price LESS Repairs LESS Seller Contributions to Closing Costs) and and (2) ABOR Specific Seasonal Trend Model (Seasonal Trend) applied to monthly sales.

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Let’s dive into the Williamson County real estate market data for August 2023.

AUGUST 2023 INSIGHTS

Seasonal Trends:

• Contrary to the expected Seasonal Trend of a slight decrease in number of sales, there was a 5% increase in total sales from July.
• Contrary to the expected Seasonal Trend of a slight decrease in total net sales volume, there was a 8% increase in total net sales volume from July.

Luxury Insights:

• The luxury market segment in Williamson has shown resilience and growth.
• The highest net sale price was $3,000,000, marking a significant increase of 25% from August 2022.
• The highest net sale $ per square foot stood at $555.00, reflecting an impressive year-over-year increase of 36%. This indicates a strong demand in the high-end market segment.

Positive Highlights:

• Total sales and total net sales volume bucked Seasonal Trend with increases in both.
• The median net sale $ per square foot increased by 1% from July.
• The median net sale discount from the list price saw a decrease of 4%, while the average remained stable, showing no change.

Areas of Concern:

• In summary, while the luxury segment in Williamson County for August 2023 is showing promising growth, the broader market is experiencing some challenges, especially in terms of sale prices and the time properties spend on the market.

AUGUST 2023 SOLD STATISTICS

1. Market Overview:

• Total Sales: 858 sales, a significant 5% increase from July.
• Total Net Sales Volume: $448,143,441, marking a substantial 8% increase from July.

2. Days from Listing to Contract:

• Median Cumulative Days on Market: 29 days, a 4% decrease from the previous month.
• Average Cumulative Days on Market: 57 days, no change from July.

3. Net Sale Price Per SF:

• Median Net Sale $ per Square Foot: $217.00, a 1% uptick from July and a decrease of 8% YOY.
• Average Net Sale $ per Square Foot: $222.76, a modest 1% rise from July, but a 9% drop YOY.

4. Net Sale Price:

• Median Net Sale Price: $449,098, a 4% increase from July, but an 8% decline YOY.
• Average Net Sale Price: $516,725, up by 3% from July, but down by 7% YOY.

5. High-End Market:

• Highest Net Sale Price: $3,000,000, a 5% decrease from July, yet a remarkable 25% increase from August 2022.
• Highest Net Sale $ per Square Foot: $555.00, down by 22% from July, but up by a significant 36% YOY.

6. List Prices:

• Median List Price: $464,768, a 3% increase from July, but a 7% decrease YOY.
• Median List Price per Square Foot: $222.50, a 1% increase from July, and a 6% decrease YOY.
• Average List Price: $535,367, down by 7% from July and an 8% decrease YOY.
• Average List Price per Square Foot: $230.71, up by 3% from July, but down by 8% from August 2022.

7. Discount from List Price to Net Sale Price:

• Median % Discount from List Price: 3.6%, a 4% increase from July.
• Average % Discount from List Price: 5.9%, stabilized at the same discount as July.

ALEX REAL ESTATE?STAT PACKS

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ALEX currently publishes 41?Stat Packs?in the Greater Austin area. For August, we added 6 new geographies: Bell County, Dripping Springs, Jarrell; and North, South and West Round Rock. 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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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 Chairman,?ALEX Cares? v?713.591.9902 o?713.918.9951 e?[email protected]

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PS?– If you are an Agent or Broker in?the?Greater Austin Area?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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