West Georgetown One Minute Real Estate Tour by ALEX.realestate

ALEX Labs just completed analysis of West Georgetown single family sales reported to the Austin Board of Realtors (ABOR) for September 2023. In about 60 seconds know more about the West Georgetown real estate market than almost anyone! 

ALEX is the only source of:

(1) West 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.

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SEASONAL TREND

• 97 sales is an 16% decrease from August 2023, and down 28% from September 2022. 
• $58,805,974 total net sales. A 24% decrease from August 2023, and down 25% from September 2022.

• Seasonal Trend predicted a 10% reduction from August 2023. 

LUXURY INSIGHTS

• $2,180,000 high net sale price was down 16% from August 2023, and down 5% from September 2022. 
• $2,195,000 high list price was down 20% from August 2023, and down 5% from September 2022.
• $421 high net sale price per SF was down 24% from August 2023, and down 12% from September 2022.
• $459 high list price per SF was down 18% from August 2023, and down 4% from September 2022.

KEY STATISTICS

• Median Cumulative Days on Market: 54, a 21% increase from August 2023, and a 286% increase from September 2022.
• Median Net Sale Price: $529,500, no change from August 2023, and an 8% increase from September 2022.
• Median Net Sale $ per Square Foot: $221, no change from August 2023, and a 6% decrease year-over-year.
• Median Net Sale $ % Discount From List Price: 4.5%, marking a 22% decrease from August 2023, and a 214% increase year-over-year.

ALEX REAL ESTATE STAT PACKS

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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

ALEX knows more about West 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

PS – If you are an Agent or Broker in West 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

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