Northwest Georgetown, excluding Sun City, Oct 2023, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

by swpre-chime-me

ALEX Labs just completed analysis of Northwest Georgetown single family sales, reported to the Austin Board of Realtors, for October 2023, as of November 2. To more precisely analyze Northwest Georgetown, we deleted Sun City from this Analysis. We performed separate analysis of Sun City. In about 60 seconds, know more about the Northwest Georgetown real estate market than almost anyone!

THE ONLY SOURCE

ALEX is the only source of:

(1) Northwest Georgetown 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 monthly sales.

(3) Georgetown real estate statistics and analysis published for 5 distinct geographic areas: Georgetown, East Georgetown, West Georgetown, Northwest Georgetown excluding Sun City, and Sun City.

SEASONAL TREND

28 sales:
- Up 8% from the previous month.
- Down 28% from the same month last year.
- Seasonal Trend predicted a 3.47% reduction from September 2023.
$19.3 million total net sales volume:
- Up 14% from the previous month.
- Down 20% from the same month last year.

NET SALE PRICE

$581,950 median:
- Up 6% from the previous month.
- Up 2% from the same month last year.
$229 per square foot median:
- Up 9% from the previous month.
- Down 5% from the same month last year.
$686,281 average:
- Up 5% from the previous month.
- Up 11% from the same month last year.
$237 per square foot average:
- Up 3% from the previous month.
- Down 4% from the same month last year.

NET SALE PRICE DISCOUNT FROM LIST PRICE

7.1% median discount:
- Down 32% from the previous month.
- Down 39% from the same month last year.
9.4% average discount:
- Down 42% from the previous month.
- Down 46% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

84 median days:
- Down 14% from the previous month.
- Up 105% from the same month last year.1
103 average days:
- Down 6% from the previous month.
- Up 70% from the same month last year.

LUXURY INSIGHTS

$1,730,000 high net sale:
- Up 12% from the previous month.
- Up 57% from the same month last year.
$378 high net sale per SF:
- Down 8% from the previous month.
- Down 5% 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 Northwest Georgetown 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 – If you are an Agent or Broker in Northwest Georgetown 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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