Lago Vista, Nov 2023, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

by swpre-chime-me

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

THE ONLY SOURCE

ALEX is the only source of:

(1) Lago Vista 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 Lago Vista monthly sales.

SEASONAL TREND

14 sales:
- Down 18% from the previous month.
- Down 50% from the same month last year.
- Seasonal Trend predicted a 6.41% reduction from last month.
$9.3 million total net sales volume:
- Up 9% from the previous month.
- Down 46% from the same month last year.

NET SALE PRICE

$529,250 median:
- Up 38% from the previous month.
- Up 12% from the same month last year.
$253 per square foot median:
- Up 15% from the previous month.
- Up 5% from the same month last year.
$659,877 average:
- Up 32% from the previous month.
- Up 8% from the same month last year.
$276 per square foot average:
- Up 9% from the previous month.
- Up 4% from the same month last year.

NET SALE PRICE DISCOUNT FROM LIST PRICE

3.8% median discount:
- Down 48% from the previous month.
- Down 76% from the same month last year.
6.7% average discount:
- Down 19% from the previous month.
- Down 64% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

49 median days:
- Up 7% from the previous month.
- Down 4% from the same month last year.
106 average days:
- Up 65% from the previous month.
- Down 40% from the same month last year.

LUXURY INSIGHTS

$1,600,000 high net sale:
- Down 9% from the previous month.
- Down 38% from the same month last year.
$483 high net sale per SF:
- Down 39% from the previous month.
- Down 36% from the same month last year.

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ALEX knows more about Lago Vista 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 a Lago Vista real estate agent or broker?

Do you want to be one of the few armed with the best seller and buyer lead generation, marketing, research, analysis including neighborhood / farming area trend and net sale price statistics? And, White Glove Service for your clients and for you? Contact me! Diane

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