Dripping Springs, Feb 2024, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

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

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THE ONLY SOURCE

ALEX is the only source of:

(1) Dripping Springs Net Sale Price Statistics (Net Sale Price = Sale Price LESS Repairs LESS Seller Contributions to Closing Costs.)

(2) Austin Board of Realtors Monthly Trend Model (Monthly Trend) applied to Dripping Springs monthly sales.

(3) Monthly Net Sales and Other Key Statistics for over 45 Markets in the Greater Austin Area.

(4) Comparing % change in number of sales month over month to  Monthly Trend. Georgetown comparative analysis.

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MARKET & TREND

39 total sales:
Up 39% from the previous month. Up 11% from the same month last year.

Monthly Trend: Predicted a 23.2% INCREASE from the previous month.

Sales Net of Monthly Trend: 15.8% POSITIVE difference in actual vs predicted sales.

$31,067,221 total net sales volume:
Up 28% from the previous month. Up 25% from the same month last year.

NET SALE PRICE

$787,372 average:
Down 8% from the previous month. Up 12% from the same month last year.

$285 per square foot average:
Down 12% from the previous month. Up 3% from the same month last year.

$748,500 median:
Up 21% from the previous month. Up 9% from the same month last year.

$282 per square foot median:
Up 6% from the previous month. Up 11% from the same month last year.

LIST PRICE

$840,103 average:
Down 6% from the previous month. Up 14% from the same month last year.

$303 per square foot average:
Down 10% from the previous month. Up 5% from the same month last year.

$775,000 median:
Up 22% from the previous month. Up 7% from the same month last year.

$282 per square foot median:
Up 5% from the previous month. Up 6% from the same month last year.

NET SALE $ % DISCOUNT FROM LIST $

10.6% average discount:
Up 29% from the previous month. Up 2% from the same month last year.

7.0% median discount:
Up 21% from the previous month. Down 34% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

156 average days:
Up 74% from the previous month. Up 34% from the same month last year.

124 median days:
Up 80% from the previous month. Up 25% from the same month last year.

LUXURY INSIGHTS

$2,321,525 high net sale:
Down 43% from the previous month. Up 92% from the same month last year.

$705 per square foot high net sale:
Down 30% from the previous month. Up 37% from the same month last year.

ALEX REAL ESTATE STAT PACKS

Get any or all Stat Packs

ALEX Studios currently publishes over 45 Stat Packs in the Greater Austin area including Dripping Springs. If you are interested in an area we are not currently publishing, or if you have any questions, contact me. I’m always available! Aaron

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ALEX knows more about Dripping Springs area than just about anybody.

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

Aaron Alexander, BA, CLHMS, ABR
Senior Partner ALEX.realestate
Board Member ALEX Cares
v 214-886-0816
e aaron@alex.realestate
w https://aaronalexander.alex.realestate/

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Are you an Agent or Broker in Dripping Springs? 

This is NOT a large number of agents game for us. For example, in Dripping Springs we will accept up to 4 agents and/or brokers.

Do you want to work with a Broker in the top 2% of Zillow globally who is willing to help you with farming area targeting, lead generation, lead nurturing and lead conversion?

Would you like to be armed with the best and most powerful tools including Stat Packs and 1 Minute Tours?  

Want to know more about ALEX or ALEX Partner positions?

Contact me! Aaron

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SUMMARY TABLE

DAYS FROM LISTING TO ESCROW

NET SALE PRICE* PERCENT DISCOUNT FROM LIST PRICE

TOTAL NUMBER OF SALES

TOTAL NET SALES* VOLUME

NET SALE PRICE* PER SF

NET SALE PRICE* PER HOME

LIST PRICE PER SF

LIST PRICE PER HOME

HIGH LIST PRICE PER SF & HIGH NET SALE PRICE* PER SF

Note: We do not audit ABOR data. We assume this unusual number (spike) for Dec 2023 is probably due to a Listing Agent incorrectly manually entering sale data

HIGH LIST PRICE & HIGH NET SALE PRICE*

Note: We do not audit ABOR data. We assume this unusual number (spike) for Sep 2022 is probably due to a Listing Agent incorrectly manually entering sale data

PROJECT TEAM

Teale Miller, Consulting Analyst
Janez Novak, Senior Consulting Analyst
George Alexander, Project Lead