Hays County One Minute Tour by ALEX.realestate

by swpre-chime-me

Hays County is the county southwest of Travis County and Austin. In about a minute know more about Hays County real estate than almost anyone! ALEX provides agents, brokers and their clients with deep intelligence and genius real estate knowledge. ALEX is the only source of Net Sale Price Statistics (Net Sale Price = Sale Price – Repairs – Seller Contributions to Closing Costs.)

Let’s dive into the Hays County real estate market data for July 2023.

INSIGHTS & TRENDS

There’s a noticeable slowdown in the market with sales and net sales figures dropping both month-on-month and year-on-year.
Properties are staying on the market longer than they did a year ago, suggesting buyers may be taking their time or the market inventory has increased.
While the highest list and net sale prices have seen positive growth MoM, averages and medians are generally down, suggesting a market leaning slightly towards the buyers’ favor.

KEY FINDINGS

Sales: In July, we recorded 343 sales, which was a decrease of 3% from June 2023 and a notable 10% decrease compared to July 2022. The net sales volume for July stood at $180,224,392. This represents a 5% drop from June 2023 and a 16% decline from July 2022.
Time from Listing to Escrow: Properties stayed on the market for an average of 77.47 days in July, unchanged from June but seeing a significant 189% increase from July 2022. The median was 38 days, up 3% from June and a steep rise of 217% from July last year.
Net Sale Price: The average settled at $516,732, marking a 3% decrease from June and an 8% decrease YoY. The $398,990 median decreased by 7% from June 12% from July 2022.
Highest Net Sale Price: The top sale came in at a whopping $2,900,000 unchanged compared to last year. The average net sale price per square foot was $226, reflecting a 3% decline MoM and a 12% decline YoY. The $205 median net sale price per SF was down by 3% from June and 14% from last year.
List Price: Average of $540,847, marking a 3% drop from the previous month and a 5% decrease YoY. The $414,160 median list prices was down by 8% MoM and YoY. The $3,100,000 high list for a property sold in July was a 57% increase from June and a 7% increase YoY.
Net Sale Price Discount from List Price: On average, properties sold for 7.3% less than their listing price, with a marginal 1% decrease from June. The median discount was 4.6%, reflecting a 22% increase from the previous month but remained unchanged YoY.

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ALEX currently publishes 36 Stat Packs in the Greater Austin area. If you are interested in area we are not currently publishing or have any question, contact me. I’m always available! Diane

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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
Chairman, ALEX Cares
v 713.591.9902
o 713.918.9951
e diane@alex.realestate

PS – If you are an Agent or Broker in Hays County 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

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