Elgin, Dec 2023, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

by swpre-chime-me

ALEX Labs just completed analysis of Elgin single family sales, reported to the Austin Board of Realtors, for December 2023, as of January 4. In about 60 seconds, know more about the Elgin real estate market than almost anyone!

THE ONLY SOURCE

ALEX is the only source of:

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

(2) Austin Board of Realtors Specific Monthly Trend Model (Monthly Trend) applied to Elgin monthly sales.

MARKET & TREND

33 sales:
- Up 10% from the previous month.
- Down 11% from the same month last year.
- Monthly Trend predicted a 13.3% increase from last month.
- Economic and supply/demand impact on sales: The 3.3% NEGATIVE difference in actual vs predicted sales represents the economic and supply/demand impact on sales.
$11.1 million total net sales volume:
- Up 10% from the previous month.
- Down 9% from the same month last year.

NET SALE PRICE

$305,000 median:
- Up 2% from the previous month.
- No change from the same month last year.
$163 per square foot median:
- Down 12% from the previous month.
- Down 23% from the same month last year.
$330,341 average:
- Down 1% from the previous month.
- Up 3% from the same month last year.
$170 per square foot average:
- Down 16% from the previous month.
- Down 19% from the same month last year.

NET SALE PRICE DISCOUNT FROM LIST PRICE

6.4% median discount:
- Up 85% from the previous month.
- Up 3% from the same month last year.
10.5% average discount:
- Up 27% from the previous month.
- Down 4% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

58 median days:
- Up 90% from the previous month.
- Up 45% from the same month last year.
81 average days:
- Up 34% from the previous month.
- Up 82% from the same month last year.

LUXURY INSIGHTS

$745,000 high net sale:
- Down 10% from the previous month.
- Up 34% from the same month last year.
$360 high net sale per SF:
- Down 11% from the previous month.
- Down 6% from the same month last year.

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ALEX knows more about Elgin 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

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PS –

Are you an Elgin real estate agent or broker?

Do you want to be one of the few armed with the best:
Research & analysis?
Neighborhood/farming area trend and net sale price statistics?
Marketing?
Lead generation?
White Glove Service for your clients and for you and your clients?

Contact me! Diane

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