Dripping Springs One Minute Real Estate Tour by ALEX.realestate

ALEX Labs just completed analysis of Dripping Springs single family sales reported to the Austin Board of Realtors (ABOR) for September 2023. In about 60 seconds know more about the Dripping Springs real estate market than almost anyone! 

ALEX is the only source of:

(1) 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

• 27 sales is a 39% decrease from August 2023, and down 50% from September 2022. 
• $22,361,258 total net sales. A 40% decrease from August 2023, and down 54% from September 2022.
• Seasonal Trend predicted a 10% reduction from August 2023. 

LUXURY INSIGHTS

• $3,099,500 high net sale price was down 8% from August 2023, and down 65% from September 2022. 
• $3,100,000 high list price was down 11% from August 2023, and down 69% from September 2022.
• $1,403 high net sale price per SF was up 27% from August 2023, and up 22% from September 2022.
• $1,403 high list price per SF was up 22% from August 2023, and up 10% from September 2022.

KEY STATISTICS

• Median Cumulative Days on Market: 54, a 30% increase from August 2023, and a 35% increase from September 2022.
• Median Net Sale Price: $655,000, up 2% from August 2023, and down 3% from September 2022.
• Median Net Sale $ per Square Foot: $262, down 3% from August 2023, and a 3% increase year-over-year.
• Median Net Sale $ % Discount from List Price: 5.1%, marking a 29% increase from August 2023, and an 81% increase year-over-year.

ALEX REAL ESTATE STAT PACKS

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ALEX Studios currently publishes 40 Stat Packs in the Greater Austin area. If you are interested in an area we are not currently publishing, or if you have any questions, contact me. I’m always available! Diane

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.

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

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! Diane

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

HIGH LIST PRICE & HIGH NET SALE PRICE*

PROJECT TEAM

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