Best in Texas™: Diving Deep into Georgetown’s May 2024 Real Estate Market with Insights and Trends by ALEX.realestate

Discover how different regions in Georgetown fared in May 2024 with detailed analyses on sales, prices, and market performance. Don’t miss the highs and lows that could influence your next move in the Georgetown real estate market!

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ALL SLIDES

Link to view all slides.

PS – If you want a complete set of the slides in a PDF, or if you want A report on Georgetown or any of the micro markets, just email George at george@alex.realestate.

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SUMMARY

Total Sales Net of 14.66% Projected Monthly Trend:

• E Georgetown experienced a significant decline of -28%, which is the actual monthly change of -13% net of the expected 14.66% positive trend.
• W Georgetown saw an 11% decrease, which is the actual monthly change of 4% net of the expected 14.66% positive trend.
• NW Georgetown had a 13% decrease, which is the actual monthly change of 2% net of the expected 14.66% positive trend.
• Sun City stood out with a 4% increase, which is the actual monthly change of 19% net of the expected 14.66% positive trend.

Total Sales:

• W Georgetown led with 110 sales.
• Sun City followed with 50 sales.
• NW Georgetown had 43 sales.
• E Georgetown had the lowest sales at 41.

Total Net Sales Volume:

• W Georgetown had the highest volume at $60,644,374.
• NW Georgetown followed with $27,334,014.
• Sun City had $22,513,125.
• E Georgetown had the lowest at $16,693,058.

Net Sale Price per SF Median:

• Sun City had the highest median at $221 per SF.
• Both W Georgetown and NW Georgetown were at $212 per SF.
• E Georgetown was the lowest at $189 per SF.

Discount from List Price Median:

• NW Georgetown had the largest median discount at -5%.
• W Georgetown and Sun City each had a -3% discount.
• E Georgetown had the smallest discount at -1%.

Days from Listing to Escrow Median:

• NW Georgetown had the longest median time at 69 days.
• Sun City followed with 39 days.
• W Georgetown took 30 days.
• E Georgetown was the fastest at 24 days.

High Net Sale:

• NW Georgetown had the highest sale at $1,900,000.
• Sun City followed with $1,390,713.
• W Georgetown had a high sale of $1,310,000.
• E Georgetown had the lowest at $775,000.

High Net Sale per SF:

• W Georgetown led with $441 per SF.
• NW Georgetown followed with $347 per SF.
• Sun City had $327 per SF.
• E Georgetown was the lowest at $303 per SF.

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ACTUAL VS PREDICTED MONTHLY TREND:

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ALEX knows more about Georgetown real estate 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