Best in Texas™: Exploring Northwest Georgetown’s Housing Market Shifts: Insights into April’s Trends and What They Mean for You by ALEX.realestate

ALEX Labs just completed analysis of Northwest Georgetown single family sales reported to the Austin Board of Realtors for April 2024. We define Northwest Georgetown as the 78633 Zip Code excluding Sun City. We generate a report specific to Sun City. In about 60 seconds know more about the Northwest Georgetown real estate market than almost anyone! 

NOTE: Northwest Georgetown 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.

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SUMMARY TABLE:

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MONTHLY TREND: +40%

• Predicted Monthly Trend: -2.12% DECREASE from prior month
• Sales Net of Monthly Trend: +42.12% POSITIVE difference in actual vs predicted sales

TOTAL SALES: 42

• Up 40% from the previous month.
• Up 56% from the same month last year.

TOTAL NET SALES VOLUME: $23,973,296

• Up 25% from the previous month.
• Up 53% from the same month last year.

NET SALE PRICE PER SQUARE FOOT:

• Average: $229 per square foot:
  • Down 5% from the previous month.
  • Down 9% from the same month last year.
• Median: $222 per square foot:
  • Down 5% from the previous month.
  • Down 9% from the same month last year.

NET SALE PRICE:

• Average: $562,872:
  • Down 11% from the previous month.
  • Down 2% from the same month last year.
• Median: $492,979:
  • Down 6% from the previous month.
  • Up 2% from the same month last year.

LIST PRICE PER SQUARE FOOT:

• Average: $237 per square foot:
  • Down 6% from the previous month.
  • Down 40% from the same month last year.
• Median: $228 per square foot:
  • Down 5% from the previous month.
  • Down 7% from the same month last year.

LIST PRICE:

• Average: $577,350:
  • Down 11% from the previous month.
  • Down 4% from the same month last year.
• Median: $502,495:
  • Down 9% from the previous month.
  • Down 3% from the same month last year.

DISCOUNT FROM LIST PRICE:

• Average discount: -5.1%
  • Increase by 6% from the previous month.
  • Down 24% from the same month last year.
• Median discount: -3.2%
  • Increase by 24% from the previous month.
  • Down 11% from the same month last year.

DAYS FROM LISTING TO ESCROW:

• Average: 41 days:
  • Down 17% from the previous month.
  • Down 19% from the same month last year.
• Median: 41 days:
  • Down 17% from the previous month.
  • Down 19% from the same month last year.

HIGH NET SALE PRICE PER SQUARE FOOT: $378

• Down 4% from the previous month.
• Down 40% from the same month last year.
  
  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: $1,249,000

• Down 4% from the previous month.
• Down 40% from the same month last year.

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

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ALEX knows more about Northwest Georgetown 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