Best in Texas™: Greater Austin’s Real Estate Roller Coaster: Sharp Turns in Trends for May 2024—Find Out More! by ALEX.realestate

ALEX Labs just completed analysis of all single family sales reported to the Austin Board of Realtors for May 2024. In about 60 seconds know more about the Greater Austin real estate market than almost anyone!  NOTE: Greater Austin is served by more than one MLS. ALEX Labs suggests the trends and statistics are valid for the Austin MLS are valid for the total market. You can view every listing from every MLS in Greater Austin on ALEX. SUMMARY TABLE: MONTHLY TREND: +7% Predicted Monthly Trend: +14.66% increase from the previous month.Sales Net of Monthly Trend: -7.66% negative difference in actual vs. predicted sales. TOTAL SALES: 2,963 % Change from Prior Month: +7%% Change Same Month Last Year: -9% TOTAL NET SALES VOLUME: $1,767,884,020 % Change from Prior Month: +5%% Change Same Month Last Year: -10% NET SALE PRICE PER SQUARE FOOT: Average: $259% Change from Prior Month: -1%% Change Same Month Last Year: -1%Median: $224% Change from Prior Month: 0%% Change Same Month Last Year: 0% NET SALE PRICE: Average: $590,918% Change from Prior Month: -2%% Change Same Month Last Year: -1%Median: $446,950% Change from Prior Month: -1%% Change Same Month Last Year: -3% LIST PRICE PER SQUARE FOOT: Average: $268% Change from Prior Month: -1%% Change Same Month Last Year: -1%Median: $231% Change from Prior Month: 0%% Change Same Month Last Year: -1% LIST PRICE: Average: $612,852% Change from Prior Month: -1%% Change Same Month Last Year: -1%Median: $465,720% Change from Prior Month: -1%% Change Same Month Last Year: -2% DISCOUNT FROM LIST PRICE: Average: -5.3%% Change from Prior Month: -4%% Change Same Month Last Year: -29%Median: -3.0%% Change from Prior Month: +2%% Change Same Month Last Year: -29% DAYS FROM LISTING TO ESCROW: Average: 58 days% Change from Prior Month: -16%% Change Same Month Last Year: -9%Median: 25 days% Change from Prior Month: -7%% Change Same Month Last Year: -14% HIGH NET SALE PRICE PER SQUARE FOOT: $2,193 % Change from Prior Month: +96%% Change Same Month Last Year: -15% HIGH NET SALE PRICE: $7,500,000 % Change from Prior Month: -6%% Change Same Month Last Year: -14% NOTE: We do not audit ABOR data. We assume unusual numbers (spikes) are probably due to a Listing Agent misclassifying a property as “Single Family Residential” and/or data entry errors ALEX knows more about Greater Austin area than just about anybody. If you have any questions, I am always here. Just call, text or email me. Diane Diane Hart Alexander, MBA, MHA, CEO, BrokerAlexander Tiffany Southwest dba ALEX.realestatev 713.591.9902e diane@alex.realestate

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Best in Texas™: Discover the Hottest US Metros for New Construction Homes: Dallas Tops the List, 3 more Texas metros in top 10 by ALEX.realestate

ALEX Labs just completed analysis of Smart Asset‘s report: “Where the Most New Construction Homes Are Being Added – 2024“. National rankings: Dallas ranks #1 Houston ranks #2 San Antonio ranks #5 Austin ranks #7 Smart Asset’s criteria included March sales reported by:1. Number of new construction homes sold2. Median sale price of new construction homes3. Median sale price of all homes ALEX knows more about Texas Real Estate than just about anybody. If you have any questions, I am always here. Just call, text or email me. Diane Diane Hart Alexander, MBA, MHA, CEO, BrokerAlexander Tiffany Southwest dba ALEX.realestatev 713.591.9902e diane@alex.realestate

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Best in Texas™: From Entertainment to Healthcare: The Transformation of Austin’s Iconic Erwin Center Site by ALEX.realestate

ALEX just completed analysis and a summary of Connect CRE‘s article: Erwin Center Demolished, to Make Way for UT Hospital.” This transition marks a significant redevelopment in Austin, shifting from a historic sports and entertainment hub to a state-of-the-art medical facility. Project Summary Features: The new medical center will consist of two towers; one for specialty care and another for the MD Anderson Cancer Center.Construction Timeline: Groundbreaking is planned for 2026.Operational Goal: Aiming to accept patients by 2030. Background of Frank Erwin Center Location: Adjacent to downtown Austin, Texas.Functionality: Served as Austin’s premier venue for public and private events.History: Constructed in 1977 with a total cost of $34 million.Events Hosted: Included UT basketball, concerts, professional wrestling, bull riding, and private banquets. Demolition Details Start Date: Demolition began in June 2023.Completion: Finalized last week with the removal of remaining steel and concrete structures.Purpose: To clear the site for new development. ALEX knows more about Austin area than just about anybody. If you have any questions, I am always here. Just call, text or email me. Diane Diane Hart Alexander, MBA, MHA, CEO, BrokerAlexander Tiffany Southwest dba ALEX.realestatev 713.591.9902e diane@alex.realestate

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