Best in Texas™: Exploring Mixed Signals in San Marcos Real Estate: Sales DOWN, high sale price UP by ALEX.realestate

by swpre-chime-me

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

NOTE: San Marcos is served by more than one MLS. ALEX Labs suggests the trends and statistics are valid for the Austin MLS are valid for the total market.

SUMMARY TABLE:

MONTHLY TREND: -14%

Predicted Monthly Trend: -2.12% decrease from the previous month.
Sales Net of Monthly Trend: -11.88% negative difference in actual vs. predicted sales.

TOTAL SALES: 57

% Change from Prior Month: -14%
% Change Same Month Last Year: -15%

TOTAL NET SALES VOLUME: $28,311,842

% Change from Prior Month: +1%
% Change Same Month Last Year: +2%

NET SALE PRICE PER SQUARE FOOT:

Average: $216
- % Change from Prior Month: +8%
- % Change Same Month Last Year: +5%
Median: $192
- % Change from Prior Month: +2%
- % Change Same Month Last Year: +1%

NET SALE PRICE:

Average: $489,751
- % Change from Prior Month: +17%
- % Change Same Month Last Year: +21%
Median: $366,500
- % Change from Prior Month: +6%
- % Change Same Month Last Year: +3%

LIST PRICE PER SQUARE FOOT:

Average: $224
- % Change from Prior Month: +8%
- % Change Same Month Last Year: +5%
Median: $200
- % Change from Prior Month: +3%
- % Change Same Month Last Year: +2%

LIST PRICE:

Average: $510,430
- % Change from Prior Month: +17%
- % Change Same Month Last Year: +21%
Median: $386,532
- % Change from Prior Month: +7%
- % Change Same Month Last Year: +4%

DISCOUNT FROM LIST PRICE:

Average: -5.0%
- % Change from Prior Month: -20%
- % Change Same Month Last Year: -50%
Median: -2.2%
- % Change from Prior Month: -42%
- % Change Same Month Last Year: -71%

DAYS FROM LISTING TO ESCROW:

Average: 119 days
- % Change from Prior Month: +3%
- % Change Same Month Last Year: +8%
Median: 53 days
- % Change from Prior Month: -41%
- % Change Same Month Last Year: -38%

HIGH NET SALE PRICE PER SQUARE FOOT: $550

% Change from Prior Month: +64%
% Change Same Month Last Year: +80%

NOTE: We do not audit ABOR data. We assume unusual numbers (spikes) are probably due to a Listing Agent misclassifying a property as “Single Family Residential” and/or data entry error

HIGH NET SALE PRICE: $3,025,000

% Change from Prior Month: +64%
% Change Same Month Last Year: +80%

NOTE: We do not audit ABOR data. We assume unusual numbers (spikes) are probably due to a Listing Agent misclassifying a property as “Single Family Residential” and/or data entry error

ALEX knows more about San Marcos area than just about anybody.

If you have any questions, I am always here. Just call, text or email me. Diane

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
v 713.591.9902
e diane@alex.realestate