Lago Vista, Oct 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 October 2023, as of November 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

17 sales:
- No change from the previous month.
- Down 35% from the same month last year.
- Seasonal Trend predicted a 3.47% reduction from September 2023.
$8.5 million total net sales volume:
- Down 49% from the previous month.
- Down 35% from the same month last year.

NET SALE PRICE

$384,900 median:
- Down 25% from the previous month.
- Down 9% from the same month last year.
$219 per square foot median:
- Down 7% from the previous month.
- Down 7% from the same month last year.
$498,274 average:
- Down 49% from the previous month.
- Down 1% from the same month last year.
$254 per square foot average:
- Down 19% from the previous month.
- Down 11% from the same month last year.

NET SALE PRICE DISCOUNT FROM LIST PRICE

7.2% median discount:
- Up 6% from the previous month.
- Down 23% from the same month last year.
8.2% average discount:
- Down 32% from the previous month.
- Down 48% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

46 median days:
- Down 51% from the previous month.
- Up 5% from the same month last year.
64 average days:
- Down 56% from the previous month.
- Down 7% from the same month last year.

LUXURY INSIGHTS

$1,750,000 high net sale:
- Down 71% from the previous month.
- Up 35% from the same month last year.
$792 high net sale per SF:
- Down 1% from the previous month.
- Down 46% from the same month last year.

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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

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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

Be One of the Few Not One of the Many with ALEX.realestate

PS – If you are an Agent or Broker in Lago Vista 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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