Travis County, Feb 2024, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

ALEX Labs just completed analysis of all Travis County single family sales reported to the Austin Board of Realtors for February 2024. In about 60 seconds know more about the Travis County real estate market than almost anyone! 

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THE ONLY SOURCE

ALEX is the only source of:

(1) Travis County Net Sale Price Statistics (Net Sale Price = Sale Price LESS Repairs LESS Seller Contributions to Closing Costs.)

(2) Austin Board of Realtors Monthly Trend Model (Monthly Trend) applied to Travis County monthly sales.

(3) Monthly Net Sales and Other Key Statistics for over 40 Markets in the Greater Austin Area.

(4) Comparing % change in number of sales month over month to  Monthly Trend. Georgetown comparative analysis.

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MARKET & TREND

769 total sales:
Up 30% from the previous month. Up 4% from the same month last year.

Monthly Trend: Predicted a 23.2% INCREASE from the previous month.

Sales Net of Monthly Trend: 6.8% POSITIVE difference in actual vs predicted sales.

$532,942,305 total net sales volume:
Up 38% from the previous month. Up 14% from the same month last year.

NET SALE PRICE

$687,785 average:
Up 6% from the previous month. Up 10% from the same month last year.

$315 per square foot average:
Up 8% from the previous month. Up 5% from the same month last year.

$525,000 median:
Up 9% from the previous month. Up 6% from the same month last year.

$270 per square foot median:
Up 8% from the previous month. Up 5% from the same month last year.

LIST PRICE

$716,416 average:
Up 5% from the previous month. Up 9% from the same month last year.

$327 per square foot average:
Up 6% from the previous month. Up 4% from the same month last year.

$545,000 median:
Up 9% from the previous month. Up 7% from the same month last year.

$279 per square foot median:
Up 7% from the previous month. Up 4% from the same month last year.

NET SALE $ % DISCOUNT FROM LIST $

7.9% average discount:
Down 32% from the previous month. Down 35% from the same month last year.

5.0% median discount:
Down 35% from the previous month. Down 44% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

89 average days:
Down 2% from the previous month. Up 7% from the same month last year.

70 median days:
No change from the previous month. Up 1% from the same month last year.

LUXURY INSIGHTS

$7,545,000 high net sale:
Up 47% from the previous month. Up 116% from the same month last year.

$1,004 per square foot high net sale:
Down 10% from the previous month. Down 26% from the same month last year.

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ALEX REAL ESTATE STAT PACKS

Get any or all Stat Packs

ALEX Studios currently publishes over 40 Stat Packs in the Greater Austin area including Travis County. 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 Travis County 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
e diane@alex.realestate

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Are you an Agent or Broker in Travis County? 

This is NOT a large number of agents game for us. For example, in Travis County we will accept up to 29 agents and/or brokers.

Do you want to work with a Broker in the top 2% of Zillow globally who is willing to help you with farming area targeting, lead generation, lead nurturing and lead conversion?

Would you like to be armed with the best and most powerful tools including Stat Packs and 1 Minute Tours?  

Want to know more about ALEX or ALEX Partner positions?

Contact me! Diane

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SUMMARY TABLE

DAYS FROM LISTING TO ESCROW

NET SALE PRICE* PERCENT DISCOUNT FROM LIST PRICE

We do not audit ABOR data. We assume the unusual number for Oct 2022 is related to an ABOR coding issue

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

We do not audit ABOR data. We assume the unusual numbers (spikes) for several months are probably due to Listing Agents misclassifying a property as “Single Family Residential”

HIGH LIST PRICE & HIGH NET SALE PRICE*

We do not audit ABOR data. We assume the unusual numbers (spikes) for several months are probably due to Listing Agents misclassifying a property as “Single Family Residential”

PROJECT TEAM

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