Georgetown One Minute Tour by ALEX.realestate

Georgetown is about 30 miles north of Downtown Austin. In about a minute know more about Georgetown 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 Georgetown real estate market data for July 2023. JULY 2023 INSIGHTS Summary: Georgetown’s real estate market in July 2023 seems to be undergoing some shifts, especially when considering the growing discounts from listing prices. It will be essential for sellers to adjust their strategies, possibly by setting more realistic initial prices or by enhancing the appeal of their properties. Buyers, on the other hand, might find this an opportune time to enter the market and negotiate for favorable prices, especially in the luxury segment.Positive Insights: The high-end market segment has shown positive growth, with the highest net sale price and list price both increasing significantly compared to the previous month and year.Areas of Concern: The dramatic increase in the average discount from the list price compared to last year indicates that sellers might be overpricing their properties, leading to larger negotiations on the final sale price.Transition to a Buyer’s Market? The increasing discount from the listing price, especially when compared year-over-year, suggests sellers are becoming more flexible in their pricing. This flexibility is often an indication of a shift towards a buyer’s market, where buyers have more negotiation power and can push for lower prices.Stabilization in Price Per Square Foot: The average median net sale price per square foot saw a modest increase month-over-month, but when compared to the highest values, there was a notable decrease. This trend suggests a stabilization or even a potential saturation point in price per square foot, especially in the luxury market segment.Luxury Market Dynamics: The highest median net sale price remained almost unchanged from June to July 2023. Still, the price per square foot for this segment saw a substantial decrease. This discrepancy could mean that buyers are now getting more space (bigger properties) for their money in the luxury segment. The increased discounts for luxury properties further suggest that this market segment is currently facing challenges, possibly due to oversupply or reduced demand. JULY 2023 SOLD STATISTICS  1. Market Overview: Number of Sales: There were 222 sales in July 2023, which is a decrease of 25% from June 2023 (month-over-month or MOM) and 10% less than July 2022 (year-over-year or YOY.)Total Net Sales: The total net sales amounted to $119,789,606, marking a 25% MOM drop and a 13% decline YOY. 2. Days from Listing to Escrow: Median Days on Market: The median days on market was 42.50, a 7% MOM decrease.Average Cumulative Days on Market: Properties stayed on the market for an average of 73.56 days, which is 13% less than the previous month. 3. Net Sale Prices: Average Net Sale Price: The average net sale price was $534,843, a slight 1% decrease from June 2023 and 4% less than July 2022.Median Net Sale Price: The median net sale price stood at $444,000, which is 6% less than the previous month and 9% less than the same month last year. 4. List Prices: Median List Price: The median list price was $464,990, showing a 5% MOM decrease and a 5% YOY decrease.Average List Price: The average list price was $555,432, a minor 1% decrease from June 2023 and remained almost unchanged from July 2022. 5. Net Sale Price % Discount from List Price: Median Discount: The median discount from the list price was 5.5%, a 3% decrease from the previous month. This rate remained unchanged from July 2022.Average Discount: On average, properties sold for 7.8% less than their list price, which is a 10% decrease in discount from June 2023. Interestingly, this discount rate has increased by 6,322% compared to July 2022. ALEX REAL ESTATE STAT PACKS About Stat PacksDownload this or any July 2023 Stat Pack 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, BrokerAlexander Tiffany Southwest dba ALEX.realestateChairman, ALEX Cares v 713.591.9902o 713.918.9951e diane@alex.realestate PS – If you are an Agent or Broker in 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 HIGH LIST PRICE & HIGH NET SALE PRICE PER HOME – July 2023 West GeorgetownTX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate DAYS FROM LISTING TO ESCROW CUMULATIVE DAYS ON MARKET – July 2023 Elgin TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate NET SALE PRICE* PERCENT DISCOUNT FROM LIST PRICE NET SALE PRICE PERCENT DISCOUNT FROM LIST PRICE – July 2023 Elgin TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate TOTAL NUMBER OF SALES TOTAL NUMBER OF SALES – July 2023 Elgin TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate TOTAL NET SALES* VOLUME TOTAL NET SALES VOLUME – July 2023 Elgin TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate NET SALE PRICE* PER SF NET SALE PRICE PER SF – July 2023 Elgin TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate NET SALE PRICE* PER HOME NET SALE PRICE PER HOME – July 2023 Elgin TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate LIST PRICE PER SF LIST PRICE PER SF – July 2023 Elgin TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate LIST PRICE PER HOME LIST PRICE PER HOME – July 2023 Elgin TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate HIGH LIST PRICE PER SF & HIGH NET SALE PRICE* PER SF HIGH LIST PRICE PER SF & HIGH NET SALE PRICE PER SF – July 2023 Elgin TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate HIGH LIST PRICE & HIGH NET SALE PRICE* HIGH LIST PRICE & HIGH NET SALE PRICE PER HOME – July 2023 Elgin TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate PROJECT TEAM Teale Miller, Consulting AnalystJanez Novak, Senior Consulting AnalystGeorge Alexander, Project Lead

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One minute tour – Georgetown – June 2023 real estate market

In one minute you will know more about Georgetown real estate than almost anyone! ALEX Labs and ALEX Studios provide ALEX Partners (Agents and Brokers) and their clients with resources like this to have deep intelligence and have genius real estate knowledge. GEORGETOWN 1 MINUTE TOUR JUNE 2023 vs. MAY 2023 Expected (consistent with Seasonal Trend & Economy) #1 Net Sale Price* UP: 2% to $538K#2 Total Net Sales* Volume UP: 10% to $161M#3 Median Time to Sell DOWN: to 46 days#4 Median List Price UP: to $489,990#5 Median Discount From List Price UP: to 5.7%#6 Highest List Price UP: 19% to $2.795MNOT Expected #1 Net Sale Price* per SF NO CHANGE: at $226#2 Highest List Price per SF DOWN: to $449 * Net Sale Price = Sale Price LESS Seller Paid Repairs to Meet Buyer DemandsLESS Seller Paid Buyer Closing Costs like interest rate buydowns GEORGETOWN SUMMARY TABLE SUMMARY TABLE – June 2023 Georgetown TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate Want the details? Here is the Deep Dive into June 2023 Georgetown’s real estate statistics 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, BrokerAlexander Tiffany Southwest dba ALEX.realestateChairman, ALEX Cares v 713.591.9902o 713.918.9951e diane@alex.realestate PS – If you are an Agent or Broker and want to be a Georgetown real estate genius, contact me! Why ALEX? Best. Diane LINKS June 2023 Statistics One Minute TourDeep DiveStat Packs (Request Google Drive access) GeorgetownContact me for any other Stat Pack Georgetown Best Elementary Schools in Williamson CountyNew Listings TodayNew Listings this WeekOpen HousesSold PropertiesReducedNew Construction in Williamson CountyRentalsCommercialLots and Land55+ Communities in Williamson County

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Deep Dive – Georgetown – June 2023 – Real estate market

In just a few minutes you will know more about Georgetown real estate than almost anyone! ALEX Labs and ALEX Studios provide ALEX Partners (Agents and Brokers) and their clients with resources like this to have deep intelligence and have genius real estate knowledge.GEORGETOWN DEEP DIVE JUNE 2023 vs. MAY 2023 Sales Activity:The number of sales increased by 8% compared to May 2023.The total Net Sales Dollar Volume* increased by 10% from May 2023.Average and Median Net Sale Prices*:The average and median Net Sale Prices* both increased slightly compared to May 2023 (by 2% and 6%, respectively). Similarly, the average and median list prices (the price at which a property is initially listed for sale) also increased from May 2023 (by 3% and 5%, respectively), but saw a decrease from the previous years.Property Value:There was no change in the average and median Net Sale Prices* per square foot from May 2023. However, both these metrics decreased by 16% and 15%, respectively, compared to June 2022.The average and median list price per square foot saw little change from May 2023, but decreased by 11% compared to June 2022.Discounts from List Price:The properties on average are selling at 8.6% less than their list prices, which is 9% lower than May 2023.The median discount from list price was 5.7% less than their list prices, a decrease of 3% from May 2023.Time for a Home to be Contracted:The average cumulative days on market (the number of days a property is listed before it sells) was 84.24 days in June 2023, roughly the same as May 2023. The median days on market was 45.50 days, which is a 9% decrease from May 2023. These statistics indicate a shift in the Georgetown real estate market, with properties taking longer to sell and often selling for less than their listing price compared to the previous years. However, there is a slight uptick in sales activity and total Net Sales Price* compared to the previous month, indicating potential recovery. * Net Sale Price = Sale PriceLESS Seller Paid Repairs to Meet Buyer DemandsLESS Seller Paid Buyer Closing Costs like interest rate buydowns Just want the highlights? Here is the One Minute Tour 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, BrokerAlexander Tiffany Southwest dba ALEX.realestateChairman, ALEX Cares v 713.591.9902o 713.918.9951e diane@alex.realestate PS – If you are an Agent or Broker and want to be a Georgetown real estate genius, contact me! Why ALEX? Best. Diane GEORGETOWN SUMMARY TABLE SUMMARY TABLE – June 2023 Georgetown TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate CUMULATIVE DAYS ON MARKET CUMULATIVE DAYS ON MARKET – June 2023 Georgetown TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate PERCENT DISCOUNT FROM LIST PRICE PERCENT DISCOUNT FROM LIST PRICE – June 2023 June 2023 Georgetown TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate TOTAL NUMBER OF SALES TOTAL NUMBER OF SALES – June 2023 Georgetown TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate TOTAL NET SALES VOLUME TOTAL NET SALES VOLUME – June 2023 Georgetown TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate NET SALE PRICE PER SF NET SALE PRICE PER SF – June 2023 Georgetown TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate NET SALE PRICE PER HOME NET SALE PRICE PER HOME – June 2023 Georgetown TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate LIST PRICE PER SF LIST PRICE PER SF – June 2023 Georgetown TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate LIST PRICE PER HOME LIST PRICE PER HOME – June 2023 Georgetown TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate HIGH LIST PRICE & HIGH SALE PRICE PER SF HIGH LIST PRICE PER SF & HIGH SALE PRICE PER SF – June 2023 Georgetown TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate HIGH LIST PRICE & HIGH SALE PRICE HIGH LIST PRICE & HIGH SALE PRICE PER HOME – June 2023 Georgetown TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate LINKS June 2023 Statistics One Minute TourDeep DiveStat Packs (Request Google Drive access) GeorgetownContact me for any other Stat Pack Georgetown Best Elementary Schools in Williamson CountyNew Listings TodayNew Listings this WeekOpen HousesSold PropertiesReducedNew Construction in Williamson CountyRentalsCommercialLots and Land55+ Communities in Williamson County

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