Lakeway One Minute Real Estate Tour by ALEX.realestate

ALEX Labs just completed analysis of Lakeway single family sales reported to the Austin Board of Realtors (ABOR) for September 2023. In about 60 seconds know more about the Lakeway real estate market than almost anyone!  ALEX is the only source of: (1) 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. SEASONAL TREND 18 sales is a 28% decrease from August 2023, and down 31% from September 2022. $15,451,350 total net sales. A 34% decrease from August 2023, and down 42% from September 2022.Seasonal Trend predicted a 10% reduction from August 2023.  LUXURY INSIGHTS $1,362,850 high net sale price was down 24% from August 2023, and down 38% from September 2022. $1,395,000 high list price was down 26% from August 2023, and down 37% from September 2022.$480 high net sale price per SF was no change from August 2023, and up 8% from September 2022.$480 high list price per SF was up 13% from August 2023, and up 2% from September 2022. KEY STATISTICS Median Cumulative Days on Market: 73, a 65% increase from August 2023, and a 146% increase from September 2022.Median Net Sale Price: $856,250, down 4% from August 2023, and down 4% from September 2022.Median Net Sale $ per Square Foot: $290, up 1% from August 2023, and a 10% decrease year-over-year.Median Net Sale $ % Discount from List Price: 11.7%, marking a 47% increase from August 2023, and a 45% increase year-over-year. ALEX REAL ESTATE STAT PACKS Get any or all Stat Packs 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! Aaron ALEX knows more about Lakeway than just about anybody. If you have any questions, I am always here. Just call, text or email me. Aaron Alexander, BA, Senior PartnerAlexander Tiffany Southwest dba ALEX.realestatev 214.886.0816o 713.918.9951e aaron@alex.realestatew https://aaronalexander.alex.realestate/ PS – If you are an Agent or Broker in Lakeway 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! Aaron 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 AnalystJanez Novak, Senior Consulting AnalystGeorge Alexander, Project Lead

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Best in Texas™: Congratulations to Aaron Alexander, ALEX Senior Partner, Best of Zillow in Austin

Aaron Alexander, ALEX.realestate Senior Partner, is killing it on Zillow. Aaron primary market covers Lakeway, Bee Cave, West Austin and Spicewood. His Zillow performance has earned him the “Best of Zillow” status. Please let Aaron know you are proud of him. Call/text him at 214.886.0816, email him at aaron@alex.realestate. Or, leave a message on his website: https://aaronalexander.alex.realestate/. 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 Aaron’s market area and you want to partner with Aaron, the Best of Zillow Agent in Austin, and, you want to be one of the few armed with the best research, analysis, marketing and White Glove Service for you and your clients contact me! Diane

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Lakeway One Minute Tour by ALEX.realestate

Lakeway is about 22 miles west of Downtown Austin. In about a minute know more about Lakeway 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 Lakeway real estate market data for July 2023. SUMMARY While the Lakeway TX market is showing signs of slowing down in terms of sales velocity, the value of the properties remains strong. And property values are appreciating. Buyers are negotiating harder, leading to increased discounts from list prices. JULY 2023 INSIGHTS Summer Slowdown: While summer usually sees increased real estate activity, the statistics suggest a slowdown in the Lakeway market for July 2023. A 27% decrease in sales month over month during this peak period could imply external factors affecting the market or a shift in buyer sentiment.Property Value Appreciation: Despite the slowdown in sales, there’s a silver lining for sellers. Both list and net sale prices have seen a rise compared to last year. The average net sale price grew by 8%, and average listing prices were up by 10% year over year. This suggests that the overall property value in Lakeway is appreciating, which is positive news for homeowners and investors. Reduced Time on Market from June: While year-over-year data showed an increase in days on the market, there was a 17% reduction in the average cumulative days on the market compared to June 2023. This indicates a slight acceleration in sales pace month over month.Increased Discounts: One concerning trend for sellers is the increase in discounts from list prices. On average, properties were sold for 9.2% less than their list price, a significant 111% increase compared to the same month the previous year. This could indicate that properties might be initially overpriced or that buyers have gained more negotiating power. Drop in Sales: The 10% year-over-year decrease in sales can’t be overlooked. JULY 2023 SOLD STATISTICS  Sales: Sales dropped to 27 properties, a 27% decrease. Year over year (YOY), there was a 10% decrease in the number of sales.Net Sales Volume: The total net sales for July was $31,787,326, marking a 15% decline from the previous month. The YOY total net sales value saw a slight decline of 2%.Days From Listing to Escrow: The median days on market remained unchanged at 39 days. On average, properties stayed on the market for 63.19 days, showing a decrease of 17%.Net Sale Price: The median values showed an uptrend, with net sale prices rising by 13% to $940,896 and $305 per square foot, which is a 4% increment. The average net sale price increased by 16% to $1,173,249 and average sale price per square foot went up by 9% to $338. The average net sale price rose by 8% YOY. Notably, the sale price per square foot reduced by 3% YOY.Net Sale Price Discount from List Price: The median discount was 6.6%, up 55% from June. On average, properties sold for 9.2% less than their listing price, a significant 12% increase in the discount from the prior month. The median discount more than doubled, increasing by 155%.List Price: The median listing price increased 9% to $984,990 and a modest 1% rise in price per square foot to $314. Average listing prices followed suit, growing by 15% to reach $1,212,364. The average listing price per square foot was $348 a 7% hike. Average list prices were 10% higher YOY. 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! Aaron I’M ALWAYS HERE If you have any questions, I am always here. Just call, text or email me. Aaron Alexander, BA, CLHMSSenior Partner ALEX.realestateBoard Member ALEX Caresv 214-886-0816t 512-824-0024 e aaron@alex.realestatew https://aaronalexander.alex.realestate/ PS – If you are an Agent or Broker in Lakeway 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! Aaron SUMMARY TABLE SUMMARY TABLE – July 2023 Lakeway TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate DAYS FROM LISTING TO ESCROW CUMULATIVE DAYS ON MARKET – July 2023 Lakeway 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 Lakeway TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate TOTAL NUMBER OF SALES TOTAL NUMBER OF SALES – July 2023 Lakeway TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate TOTAL NET SALES* VOLUME TOTAL NET SALES VOLUME – July 2023 Lakeway 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 Lakeway 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 Lakeway TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate LIST PRICE PER SF LIST PRICE PER SF – July 2023 Lakeway TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate LIST PRICE PER HOME LIST PRICE PER HOME – July 2023 Lakeway 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 Lakeway 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 Lakeway 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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