Best in Texas™: Lago Vista Sees Strong Growth: April 2024 Real Estate Market Report Shows 14% Sales Increase by ALEX.realestate

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

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SUMMARY TABLE:

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MONTHLY TREND: +14%

• Predicted Monthly Trend: -2.12% decrease from the previous month.
• Sales Net of Monthly Trend: +16.12% positive difference in actual vs. predicted sales.

TOTAL SALES: 24

• Up 14% from the previous month.
• Up 41% from the same month last year.

TOTAL NET SALES VOLUME: $12,438,000

• Up 15% from the previous month.
• Up 16% from the same month last year.

NET SALE PRICE PER SQUARE FOOT:

• $238 per square foot average:
  • Up 1% from the previous month.
  • Up 3% from the same month last year.
• $228 per square foot median:
  • Down 5% from the previous month.
  • Up 7% from the same month last year.

NET SALE PRICE:

• $514,000 average:
  • Up 1% from the previous month.
  • Down 17% from the same month last year.
• $483,000 median:
  • Up 4% from the previous month.
  • No change from the same month last year.

LIST PRICE PER SQUARE FOOT:

• $247 per square foot average:
  • Up 1% from the previous month.
  • Up 1% from the same month last year.
• $231 per square foot median:
  • Down 8% from the previous month.
  • Up 3% from the same month last year.

LIST PRICE:

• $535,000 average:
  • Up 1% from the previous month.
  • Down 19% from the same month last year.
• $493,000 median:
  • Down 1% from the previous month.
  • Down 6% from the same month last year.

DISCOUNT FROM LIST PRICE:

• -7.4% average discount:
  • Up 3% from the previous month.
  • Down 48% from the same month last year.
• -4.9% median discount:
  • Up 10% from the previous month.
  • Down 59% from the same month last year.

DAYS FROM LISTING TO ESCROW:

• 101 average days on market:
  • Down 5% from the previous month.
  • Up 6% from the same month last year.
• 40 median days on market:
  • Down 41% from the previous month.
  • Down 60% from the same month last year.

HIGH NET SALE PRICE PER SQUARE FOOT: $418

• Up 42% from the previous month.
• Down 11% 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: $1,285,000

• Up 49% from the previous month.
• Down 31% 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 Lago Vista 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