Best in Texas™: Elgin’s Housing Market in April 2024: Unveiling Trends Amidst a Dynamic Shift in Sales and Prices by ALEX.realestate

ALEX Labs just completed analysis of Elgin single family sales reported to the Austin Board of Realtors for April 2024. In about 60 seconds know more about the Elgin real estate market than almost anyone!  NOTE: Elgin 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. SUMMARY TABLE: MONTHLY TREND:-2%Predicted Monthly Trend: -2.12% DECREASE from prior monthSales Net of Monthly Trend: A +0.12% POSITIVE difference in actual vs predicted sales TOTAL SALES: 43 Down 2% from the previous month.Up 8% from the same month last year TOTAL NET SALES VOLUME: $14,370,000 Down 12% from the previous month.No change from the same month last year. NET SALE PRICE PER SQUARE FOOT: $191 per square foot average:No change from the previous month.Down 3% from the same month last year. $197 per square foot median:Up 6% from the previous month.Up 5% from the same month last year. NET SALE PRICE: $330,000 average:Down 11% from the previous month.Down 8% from the same month last year. $311,000 median:Down 4% from the previous month.Down 4% from the same month last year. LIST PRICE PER SQUARE FOOT: $195 per square foot average:Down 1% from the previous month.Down 4% from the same month last year. $198 per square foot median:Up 3% from the previous month.Up 1% from the same month last year. LIST PRICE: $338,000 average:Down 11% from the previous month.Down 8% from the same month last year. $318,000 median:Down 4% from the previous month.Down 4% from the same month last year. DISCOUNT FROM LIST PRICE: -3.5% average discount:Down 58% from the previous month.Down 50% from the same month last year. -3.0% median discount:Down 28% from the previous month.Up 113% from the same month last year. DAYS FROM LISTING TO ESCROW: 81 average days on market:Down 11% from the previous month.Up 4% from the same month last year. 59 median days on market:Down 22% from the previous month.Up 20% from the same month last year. HIGH NET SALE PRICE PER SQUARE FOOT: $309 Up 8% from the previous month.Down 32% from the same month last year. 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 HIGH NET SALE PRICE: $725,000 Up 5% from the previous month.Down 19% from the same month last yea 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 Elgin 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

View more

Elgin, Feb 2024, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

ALEX Labs just completed analysis of Elgin single family sales reported to the Austin Board of Realtors for February 2024. In about 60 seconds know more about the Elgin real estate market than almost anyone!  THE ONLY SOURCE ALEX is the only source of: (1) Elgin Net Sale Price Statistics (Net Sale Price = Sale Price LESS Repairs LESS Seller Contributions to Closing Costs.)(2) Austin Board of Realtors Monthly Trend Model (Monthly Trend) applied to Elgin monthly sales. (3) Monthly Net Sales and Other Key Statistics for over 45 Markets in the Greater Austin Area. (4) Comparing % change in number of sales month over month to  Monthly Trend. Georgetown comparative analysis. MARKET & TREND 28 total sales: Up 155% from the previous month. Down 26% from the same month last year. Monthly Trend: Predicted a 23.2% INCREASE from the previous month. Sales Net of Monthly Trend: 131.8% POSITIVE difference in actual vs predicted sales NET SALE PRICE: $364,000 average: Up 24% from the previous month. Up 14% from the same month last year.$204 average price per square foot: Up 10% from the previous month. Up 3% from the same month last year.$336,000 median: Up 10% from the previous month. Up 13% from the same month last year.$179 median price per square foot: Down 4% from the previous month. Down 3% from the same month last year. LIST PRICE: $376,000 average: Up 23% from the previous month. Up 11% from the same month last year.$211 average price per square foot: Up 9% from the previous month. No change from the same month last year.$341,000 median: Up 12% from the previous month. Up 10% from the same month last year.$184 median price per square foot: Down 2% from the previous month. Down 4% from the same month last year. DISCOUNT FROM LIST PRICE: 5.1% average discount: Down 20% from the previous month. Down 40% from the same month last year.4.2% median discount: Up 6% from the previous month. Up 17% from the same month last year. DAYS FROM LISTING TO ESCROW: 76 average days on market: Up 10% from the previous month. Up 32% from the same month last year.52 median days on market: Down 21% from the previous month. Up 3% from the same month last year. LUXURY INSIGHTS: $876,000 high net sale: Up 142% from the previous month. Up 8% from the same month last year.$466 high price per square foot: Up 107% from the previous month. Down 32% from the same month last year. ALEX REAL ESTATE STAT PACKS Get any or all Stat Packs ALEX Studios currently publishes over 45 Stat Packs in the Greater Austin area including Elgin. If you are interested in an area we are not currently publishing, or if you have any questions, contact me. I’m always available! Diane ALEX knows more about Elgin area than just about anybody. 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.realestatev 713.591.9902e diane@alex.realestate Are you an Agent or Broker in Elgin?  This is NOT a large number of agents game for us. For example, in Elgin we will accept up to 2 agents and/or brokers. Do you want to work with a Broker in the top 2% of Zillow globally who is willing to help you with farming area targeting, lead generation, lead nurturing and lead conversion? Would you like to be armed with the best and most powerful tools including Stat Packs and 1 Minute Tours?   Want to know more about ALEX or ALEX Partner positions? Contact me! Diane 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 Note: We do not audit ABOR data. We assume these unusual numbers (spikes) are probably due to Listing Agents misclassifying properties as “Single Family Residential” HIGH LIST PRICE & HIGH NET SALE PRICE* PROJECT TEAM Teale Miller, Consulting AnalystJanez Novak, Senior Consulting AnalystGeorge Alexander, Project Lead

View more

Elgin, Dec 2023, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

ALEX Labs just completed analysis of Elgin single family sales, reported to the Austin Board of Realtors, for December 2023, as of January 4. In about 60 seconds, know more about the Elgin real estate market than almost anyone!  THE ONLY SOURCE ALEX is the only source of: (1) Elgin Net Sale Price Statistics (Net Sale Price = Sale Price LESS Repairs LESS Seller Contributions to Closing Costs.)(2) Austin Board of Realtors Specific Monthly Trend Model (Monthly Trend) applied to Elgin monthly sales. MARKET & TREND 33 sales:Up 10% from the previous month.Down 11% from the same month last year.Monthly Trend predicted a 13.3% increase from last month.Economic and supply/demand impact on sales: The 3.3% NEGATIVE difference in actual vs predicted sales represents the economic and supply/demand impact on sales.$11.1 million total net sales volume:Up 10% from the previous month.Down 9% from the same month last year. NET SALE PRICE $305,000 median:Up 2% from the previous month.No change from the same month last year.$163 per square foot median:Down 12% from the previous month.Down 23% from the same month last year.$330,341 average:Down 1% from the previous month.Up 3% from the same month last year.$170 per square foot average:Down 16% from the previous month.Down 19% from the same month last year. NET SALE PRICE DISCOUNT FROM LIST PRICE 6.4% median discount:Up 85% from the previous month.Up 3% from the same month last year.10.5% average discount:Up 27% from the previous month.Down 4% from the same month last year. CUMULATIVE DAYS FROM LISTING TO ESCROW 58 median days:Up 90% from the previous month.Up 45% from the same month last year.81 average days:Up 34% from the previous month.Up 82% from the same month last year. LUXURY INSIGHTS $745,000 high net sale:Down 10% from the previous month.Up 34% from the same month last year.$360 high net sale per SF:Down 11% from the previous month.Down 6% from the same month last year. ALEX Studios publishes 38 Stat Packs in the Greater Austin area. View all areas and select what you would like. If you are interested in an area we are not currently publishing, or if you have any questions, contact me. I’m always available! Diane ALEX knows more about Elgin than just about anybody. 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.realestatev 713.591.9902o 713.918.9951e diane@alex.realestate PS – Are you an Elgin real estate agent or broker? Do you want to be one of the few armed with the best:Research & analysis?Neighborhood/farming area trend and net sale price statistics?Marketing?Lead generation?White Glove Service for your clients and for you and your clients? Contact me! Diane 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

View more