Williamson County One Minute Tour by ALEX.realestate

by swpre-chime-me

Williamson County is the county north of Travis County and Austin. In about a minute know more about Williamson County 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 Williamson County real estate market data for July 2023.

INSIGHTS & TRENDS

Summary: While Williamson County’s real estate market has seen some declines in terms of sales and prices, certain high-end properties have seen increased listing prices. However, it’s worth noting the considerable increase in the time properties spend on the market compared to last year. Buyers seem to have more negotiating power, as evidenced by the increased discount from list prices.
Seasonal Trends: Historically, the summer months have been busy for real estate, but the decrease from June to July suggests a potential slowdown this year.
Significant Changes: The most significant change observed is in the cumulative days on the market. Homes took considerably longer to sell this July compared to last year. This could indicate either an oversupply of properties or a decrease in buyer demand.

KEY FINDINGS

1. Market Overview:

Sales: The market saw 817 sales in July, which marks an 18% decrease from June 2023 and is down by 9% from July 2022.
Total Net Sales: $413,275,266. This figure represents a 20% drop from June and 17% less year-over-year, ie-July 2023 vs July 2022 (YOY) .

2. Average & Median Net Sale Stats:

Cumulative Days from List to Escrow: 55.05 average days, a notable 18% improvement from June. The 28 median days on the market was a modest 4% increase from the prior month and a significant 180% surge from last year.
Net Sale Price: The average $500,511 is a minor 3% reduction from the previous month and a 10% dip year-over-year. The $220 average sale price per square foot was down by 1% both monthly and yearly. The median values followed a similar trend, with the median sale price at $430,000 (down 4% monthly and 13% annually) and $214 per square foot.
Highest Net Sale Price: The most expensive property was sold for $3,145,000, a 38% monthly increase but a significant 50% decline from last July. This $712 price per square foot is a monthly rise of 51%, but a stark 67% yearly reduction.

3. Average & Median Listing Stats:

Average Listing Price: Properties were listed for an average price of $517,691 (a 3% monthly decrease and a 7% annual decline). The price per square foot averaged at $227.
Median Listing Price: Median values were $449,900 for the listing price (down 2% from June and 9% from last year) and $220 per square foot.
Highest Listing Price of a Home Sold: The priciest property that sold was listed at $3,499,990, which is a 25% increase from the prior month, yet a 44% yearly decrease. Its price per square foot was $792, up 47% from June, but a dramatic 64% dip from July 2022.

4. Net Sale Price Discount From List Price:

Average Discount: Properties, on average, sold for 5.9% less than their listing price, showing an 8% monthly increase in discount and an astounding 372% annual increase.
Median Discount: The median discount from the listing price was 3.8%, with a 3% monthly increase, but interestingly no change from last July.

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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 Williamson County 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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