Liberty Hill One Minute Tour by ALEX.realestate

by swpre-chime-me

Liberty Hill is about 34 miles northwest of Downtown Austin. In about a minute know more about Liberty Hill 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 LESS Repairs LESS Seller Contributions to Closing Costs.)

Let’s dive into the Liberty Hill real estate market data for July 2023.

SUMMARY

In July 2023, the Liberty Hill real estate market experienced a decline in both the number of sales and total net sales value compared to the prior month and the same month the previous year. Properties, on average, were priced slightly lower than their June 2023 listings, and they took considerably longer to sell compared to July 2022. This indicates a slowdown. A significant observation was the sharp drop in the high-end segment. Moreover, buyers’ bargaining power appeared to increase, as indicated by the growing discount from listing to sale prices.

JULY 2023 INSIGHTS

Seasonal Trends: While summer months are traditionally active for home buying, the decline in the number of sales and total net sales from June to July indicates a decrease in demand.
Significant Changes: Properties are staying on the market notably longer, which means buyers may be gaining more negotiating leverage, as reflected in the growing discount from list to sale price.
Positive Highlights: The net sale prices, both average and median, have seen only slight decreases from the previous month, indicating some market stability despite other changes.
Areas of Concern: The luxury segment has seen considerable declines in sale prices and per square foot pricing. This might suggest challenges in the high-end market, possibly from reduced demand or an influx of luxury listings.

JULY 2023 SOLD STATISTICS

1. Market Overview

Total Sales: 61 sales, marking a decline of 36% from June 2023 and an increase of 9% from July 2022.
Total Net Sales Volume: $34,416,552, showing a decrease of 43% month-over-month (MOM) and a decline of 7% year-over-year (YOY).

2. Days from Listing to Sale

Median Cumulative Days on Market: 46 days, a 40% reduction from the previous month but increased by a substantial 171% compared to July 2022.
Average Cumulative Days on Market: 80 days, decreasing by 31% from June 2023 and up by a staggering 179% from July 2022.

3. Net Sale Price

Median Net Sale Price: $488,527, reflecting a 9% drop from the previous month and a significant 23% decline YOY.
Median Net Sale $ per Square Foot: $213, down by 4% from June and down 15% compared to July 2022.
Average Net Sale Price: $558,164, which is an 11% decrease MOM and down by 16% YOY.
Average Net Sale $ per Square Foot: $217, a decrease of 8% MOM and down by 19% year-over-year.

4. High-End Market

Highest Net Sale Price: $1,499,900, a drop of 28% from the prior month and 4% moderate decline YOY.
Highest Net Sale $ per Square Foot: $340, a significant decrease of 28% MOM and a drastic decline of 54% year-over-year.

5. List Prices

Median List Price: $489,270, decreasing by 13% from June and by 23% YOY.
Median List Price per Square Foot: $218, a slight 4% decline MOM and 13% decline year-over-year.
Average List Price: $576,665, a drop of 13% from the prior month and 14% lower YOY.
Average List Price per Square Foot: $224, marking a 9% decrease MOM and 18% decline from the same month last year.

6. Discount from List Price to Net Sale Price

Median % Discount from List Price: 4.2%, rising by 20% compared to June 2023.
Average % Discount from List Price: 6.8%, which increased by 18% from the previous month.

ALEX REAL ESTATE STAT PACKS

About Stat Packs
Download this or any July 2023 Stat Pack

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

I’M ALWAYS HERE

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 Liberty Hill 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

SUMMARY TABLE