Best in Texas™ in Austin: Dripping Springs Statistics and Trends. Positive Indicator and Top 4 Findings. Dec 2020 to Dec 2022. ALEX Labs. ALEX Dripping Springs

ALEX Labs just released the Dripping Springs December 2022 Statistics Report. This Report analyzes single family residential sales from Dec 2020 to Dec 2022 and presents key monthly data and trends in easy to understand charts and summary tables.

Dripping Springs is 24 miles west of Downtown Austin.

UPDATED MODEL

Thanks for feedback. ALEX Labs has added many new tools and charts.

Net Sale $: We adjust the reported Sale $ by any repairs paid by Seller or Buyer Closing Costs paid by Seller. This provides a more accurate valuation. All Sold $ and Sold $ per SF valuations are based on Net Sale $

Median and Average Statistics Both Reported: By reporting both our clients and partners can reuse the type of statistic they prefer. For deeper analysis it is easier to discern differences between these key indicators

Discount from List $: We are also reporting premium paid OVER list

Key Findings: For each blog we will focus on key findings

Complete Report Available: Call, text or email Diane to request a complete report

Want Your Farming Area Added? Talk with Diane!

STATISTICS & TRENDS

STATISTICS & TRENDS SUMMARY TABLE

5 KEY FINDINGS

#1 Days on Market are increasing about 2.5 days per week since Oct 2022 to 64 average days Dec 2022

Median Days on Market increased 11 days from Oct 2022 to Nov 2022 and 9 days from Nov to Dec 2022.

#2 % discount from list price has been increasing since Apr 2022 reaching 6% average discount Dec 2022

Dec 2022, the average discount was 6% and the median discount was 4%. In Apr 2022, the average sale ABOVE list was 2.9% and the median was 3.0%

#3 POSITIVE INDICATOR Number of sales increased by more than 50% of the expected based on seasonal trend

In 2021, Dec had 23% more sales than Nov. In 2022, Dec had 87% more sales than Nov. This IS A POSITIVE INDICATOR but does not yet represent a positive trend.

#4 Dec 2022 Net Sale $ per SF was down 9% from Nov 2022 which is 2.6 times higher than expected compared to Dec 2021 from Nov 2021

Net Sale $ per SF decreased 3.4% from Nov 2022 to Dec 2022. It decreased 9% from Nov 2022 to Dec 2022. 9% / 3.4% = 261%

ALEX REPORT LINK

FOR MORE INFORMATION
Diane Hart Alexander, MBA, MHA, Broker CEO
Alexander Tiffany Southwest dba ALEX.realestate
Chairman, ALEX Cares 
v 713.591.9902
o 713.918.9951
e diane@alex.realestate