Dripping Springs, Oct 2023, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

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ALEX Labs just completed analysis of Dripping Springs single family sales, reported to the Austin Board of Realtors, for October 2023, as of November 2. In about 60 seconds, know more about the Dripping Springs real estate market than almost anyone!

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 Specific Seasonal Trend Model (Seasonal Trend) applied to monthly sales.

SEASONAL TREND

39 sales:
- Up 44% from the previous month.
- Up 15% from the same month last year.
- Seasonal Trend predicted a 3.47% reduction from September 2023.
$32.9 million total net sales volume:
- Up 47% from the previous month.
- Up 23% from the same month last year.

NET SALE PRICE

$669,000 median:
- Up 2% from the previous month.
- Up 13% from the same month last year.
$256 per square foot median:
- Down 2% from the previous month.
- Down 3% from the same month last year.
$836,620 average:
- Up 2% from the previous month.
- Up 7% from the same month last year.
$289 per square foot average:
- Down 10% from the previous month.
- No change from the same month last year.

NET SALE PRICE DISCOUNT FROM LIST PRICE

7.8% median discount:
- Up 54% from the previous month.
- Up 285% from the same month last year.
12.2% average discount:
- Up 45% from the previous month.
- Up 43% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

63 median days:
- Up 17% from the previous month.
- Up 157% from the same month last year.
100 average days:
- Up 37% from the previous month.
- Up 149% from the same month last year.

LUXURY INSIGHTS

$1,893,037 high net sale:
- Down 39% from the previous month.
- Down 25% from the same month last year.
$534 high net sale per SF:
- Down 62% from the previous month.
- Down 31% from the same month last year.

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ALEX knows more about Dripping Springs than just about anybody.

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

Aaron Alexander, BA, CLHMSSenior Partner ALEX.realestate
Board Member ALEX Cares
v 214-886-0816
t 512-824-0024
e aaron@alex.realestate
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PS – If you are an Agent or Broker in Dripping Springs and want to be one of the few armed with the best research, analysis, marketing and White Glove Service for your clients and for you contact me! Aaron

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