The Hills, Nov 2023, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

ALEX Labs just completed analysis of The Hills 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 The Hills real estate market than almost anyone! 

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THE ONLY SOURCE

ALEX is the only source of:

(1) The Hills 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 The Hills monthly sales.

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SEASONAL TREND

• 1 sale:
  • Down 50% from the previous month.
  • Down 67% from the same month last year.
  • Seasonal Trend predicted a 6.41% reduction from last month.
• $1.15 million total net sales volume:
  • Down 46% from the previous month.
  • Down 71% from the same month last year.

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NET SALE PRICE

• $1,150,000 median:
  • Up 7% from the previous month.
  • Up 32% from the same month last year.
• $309 per square foot median:
  • Down 3% from the previous month.
  • Up 2%from the same month last year.
• $1,150,000 average:
  • Up 7% from the previous month.
  • Down 12% from the same month last year.
• $309 per square foot average:
  • Down 3% from the previous month.
  • Up 2% from the same month last year.

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NET SALE PRICE DISCOUNT FROM LIST PRICE

• 13% median discount:
  • Substantial change from the previous month.
  • Up 16% from the same month last year.
• 13% average discount:
  • Substantial change from the previous month.
  • Up 28% from the same month last year.

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CUMULATIVE DAYS FROM LISTING TO ESCROW

• 17 median days:
  • Up 127% from the previous month.
  • Down 55% from the same month last year.
• 17 average days:
  • Up 127% from the previous month.
  • Down 54% from the same month last year.

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LUXURY INSIGHTS

• $1,150,000 high net sale:
  • Down 16% from the previous month.
  • Down 48% from the same month last year.
• $309 per square foot high net sale:
  • Down 12% from the previous month.
  • No change from the same month last year.

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ALEX Studios publishes 38 Stat Packs in the Greater Austin area. View all areas and select what you would like.

If you are interested in an area we are not currently publishing, or if you have any questions, contact me. I’m always available! Aaron

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ALEX knows more about The Hills than just about anybody.

If you have any questions, I am always here. Just call, text or email me.

Aaron Alexander, BA, CLHMSSenior Partner ALEX.realestate
Board Member ALEX Cares
v 214-886-0816
t 512-824-0024
e aaron@alex.realestate
w https://aaronalexander.alex.realestate/

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PS – If you are an Agent or Broker in The Hills and want to be one of the few armed with the best seller and buyer leads, 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! Aaron

SUMMARY TABLE

DAYS FROM LISTING TO ESCROW

NET SALE PRICE* PERCENT DISCOUNT FROM LIST PRICE

TOTAL NUMBER OF SALES

TOTAL NET SALES* VOLUME

NET SALE PRICE* PER SF

NET SALE PRICE* PER HOME

LIST PRICE PER SF

LIST PRICE PER HOME

HIGH LIST PRICE PER SF & HIGH NET SALE PRICE* PER SF

HIGH LIST PRICE & HIGH NET SALE PRICE*

PROJECT TEAM

Teale Miller, Consulting Analyst
Janez Novak, Senior Consulting Analyst
George Alexander, Project Lead