Best in Texas™: Lakeway’s Real Estate Market Soars: April 2024 Sees a 45% Sales Surge by ALEX.realestate

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

---

SUMMARY TABLE:

---

MONTHLY TREND: +45%

• Predicted Monthly Trend: -2.12% decrease from the previous month.
• Sales Net of Monthly Trend: +47.12% positive difference in actual vs. predicted sales.

TOTAL SALES: 29

• Up 45% from the previous month.
• Up 71% from the same month last year.

TOTAL NET SALES VOLUME: $28,919,345

• Up 52% from the previous month.
• Up 86% from the same month last year.

NET SALE PRICE PER SQUARE FOOT:

• $289 per square foot average:
  • Down 5% from the previous month.
  • Down 3% from the same month last year.
• $277 per square foot median:
  • No change from the previous month.
  • Down 3% from the same month last year.

NET SALE PRICE:

• $995,000 average:
  • Up 5% from the previous month.
  • Up 10% from the same month last year.
• $835,000 median:
  • No change from the previous month.
  • Down 3% from the same month last year.

LIST PRICE PER SQUARE FOOT:

• $300 per square foot average:
  • Down 6% from the previous month.
  • Down 2% from the same month last year.
• $301 per square foot median:
  • Up 1% from the previous month.
  • Up 2% from the same month last year.

LIST PRICE:

• $1,037,000 average:
  • Up 5% from the previous month.
  • Up 11% from the same month last year.
• $850,000 median:
  • Down 2% from the previous month.
  • Down 3% from the same month last year.

DISCOUNT FROM LIST PRICE:

• -8.0% average discount:
  • Down 86% from the previous month.
  • Up 37% from the same month last year.
• -5.9% median discount:
  • Down 33% from the previous month.
  • Up 149% from the same month last year.

DAYS FROM LISTING TO ESCROW:

• 91 average days on market:
  • Down 12% from the previous month.
  • Up 42% from the same month last year.
• 32 median days on market:
  • Down 75% from the previous month.
  • Up 19% from the same month last year.

HIGH NET SALE PRICE PER SQUARE FOOT: $472

• Down 5% from the previous month.
• Up 14% 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: $2,437,000

• Up 43% from the previous month.
• Up 28% 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

---

ALEX knows more about Lakeway 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