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

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

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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 Monthly Trend Model (Monthly Trend) applied to Elgin 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

28 total sales: Up 155% from the previous month. Down 26% from the same month last year.

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

Sales Net of Monthly Trend: 131.8% POSITIVE difference in actual vs predicted sales

NET SALE PRICE:

• $364,000 average: Up 24% from the previous month. Up 14% from the same month last year.
• $204 average price per square foot: Up 10% from the previous month. Up 3% from the same month last year.
• $336,000 median: Up 10% from the previous month. Up 13% from the same month last year.
• $179 median price per square foot: Down 4% from the previous month. Down 3% from the same month last year.

LIST PRICE:

• $376,000 average: Up 23% from the previous month. Up 11% from the same month last year.
• $211 average price per square foot: Up 9% from the previous month. No change from the same month last year.
• $341,000 median: Up 12% from the previous month. Up 10% from the same month last year.
• $184 median price per square foot: Down 2% from the previous month. Down 4% from the same month last year.

DISCOUNT FROM LIST PRICE:

• 5.1% average discount: Down 20% from the previous month. Down 40% from the same month last year.
• 4.2% median discount: Up 6% from the previous month. Up 17% from the same month last year.

DAYS FROM LISTING TO ESCROW:

• 76 average days on market: Up 10% from the previous month. Up 32% from the same month last year.
• 52 median days on market: Down 21% from the previous month. Up 3% from the same month last year.

LUXURY INSIGHTS:

• $876,000 high net sale: Up 142% from the previous month. Up 8% from the same month last year.
• $466 high price per square foot: Up 107% from the previous month. Down 32% 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 Elgin. 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

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ALEX knows more about Elgin area 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
e diane@alex.realestate

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Are you an Agent or Broker in Elgin? 

This is NOT a large number of agents game for us. For example, in Elgin we will accept up to 2 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! Diane

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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 these unusual numbers (spikes) are probably due to Listing Agents misclassifying properties as “Single Family Residential”

HIGH LIST PRICE & HIGH NET SALE PRICE*

PROJECT TEAM

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