Wimberley One Minute Tour by ALEX.realestate

by swpre-chime-me

Wimberley is about 37 miles southwest of Downtown Austin. In about a minute know more about Wimberley 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 Wimberley real estate market data for July 2023.

SUMMARY

In July 2023, the Wimberley real estate market observed a significant downturn in the number of sales and total net sales value compared to both the previous month and the same month last year. The properties remained on the market notably longer than in July 2022, hinting at a potential shift towards a buyers’ market. A noteworthy decrease was observed in the luxury segment, while buyers seemed to gain more negotiation power, evident by the considerable discount from listing to sale prices.

JULY 2023 INSIGHTS

Seasonal Trends: Historically, the summer months witness increased real estate activities. However, the decline in the number of sales from June to July suggests a possible reduction in demand or other market factors at play.
Positive Highlights: Despite a drop in some metrics, average and median net sale prices have shown resilience with slight increases, signaling a degree of market stability.
Areas of Concern: The luxury market is showing signs of strain, with a marked drop in both list and sale prices, suggesting challenges in this segment.

JULY 2023 SOLD STATISTICS

1. Market Overview:

Total Sales: 11 sales, marking a significant decline of 61% from June 2023 and a decrease of 54% from July 2022.
Total Net Sales Volume: $10,170,500, experiencing a decrease of 56% month-over-month (MOM) and a decline of 25% year-over-year (YOY).

2. Days from Listing to Sale:

Median Cumulative Days on Market: 18 days, showcasing a 77% reduction from June 2023 but increased by a notable 71% compared to July 2022.
Average Cumulative Days on Market: 53 days, reducing by 45% from June 2023 but up by an impressive 236% from July 2022.

3. Net Sale Price:

Median Net Sale Price: $531,000, reflecting a 9% increase from June 2023 but a 7% decline YOY.
Median Net Sale $ per Square Foot: $277, marking a 7% rise MOM but declining by 7% YOY.
Average Net Sale Price: $922,080, an increase of 12% MOM and a remarkable 64% growth YOY.
Average Net Sale $ per Square Foot: $352, showing a growth of 15% MOM and 9% YOY.

4. High-End Market:

Highest Net Sale Price: $2,900,000, which is a reduction of 45% from June 2023 but a significant rise of 237% YOY.
Highest Net Sale $ per Square Foot: $721, decreasing by 15% MOM but still increasing by 22% YOY.

5. List Prices:

Median List Price: $525,000, marking a slight 3% drop from June 2023 and declining by 9% YOY.
Median List Price per Square Foot: $288, witnessing an 8% growth MOM but a 4% decrease YOY.
Average List Price: $967,973, showing an 8% rise from June 2023 and a notable 69% increase YOY.
Average List Price per Square Foot: $369, growing by 14% MOM and 12% YOY.

6. Discount from List Price to Net Sale Price:

Median % Discount from List Price: 6.5%, indicating an increase of 44% compared to June 2023.
Average % Discount from List Price: -7.2%, showing a decrease of 21% from the previous month.

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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

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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 Wimberley 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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