The Hills One Minute Real Estate Tour by ALEX.realestate

ALEX Labs just completed analysis of The Hills single family sales reported to the Austin Board of Realtors (ABOR) for September 2023. In about 60 seconds know more about the The Hills 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 5 sales is a 400% increase from August 2023, and up 25% from September 2022. $4,628,000 total net sales. A 435% increase from August 2023, and up 7% from September 2022.Seasonal Trend predicted a 10% reduction from August 2023.  LUXURY INSIGHTS $1,300,000 high net sale price was up 51% from August 2023, and down 6% from September 2022. $1,300,000 high list price was up 48% from August 2023, and down 7% from September 2022.$421 high net sale price per SF was up 26% from August 2023, and 17% from September 2022.$421 high list price per SF was up 23% from August 2023, and up 10% from September 2022. KEY STATISTICS Median Cumulative Days on Market: 64, up 8% from August 2023, and an 78% increase from September 2022.Median Net Sale Price: $862,000, no change from August 2023, and down 18% from September 2022.Median Net Sale $ per Square Foot: $303, down 10% from August 2023, and a 6% decrease year-over-year.Median Net Sale $ % Discount from List Price: 2.6%, marking a 33% decrease from August 2023, and a 62% decrease from September 2022. 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 The Hills 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 The Hills 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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The Hills One Minute Tour by ALEX.realestate

The Hills is an enclave village surrounded by Lakeway. The Hills is about 21 miles west of Downtown Austin. In about a minute know more about The Hills 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 The Hills real estate market data for July 2023. SUMMARY In July 2023, The Hills, TX real estate market saw a notable increase in total net sales value and the average and median sale prices from the previous month. However, properties took longer to sell than they did the previous year. A significant observation was the fluctuation in high-end properties’ sale prices and per square foot pricing. Moreover, the marked increase in the discount from listing to net sale price suggests heightened negotiation between buyers and sellers. However, keep in mind with a limited number of sales monthly swings are common. ALEX Labs advocates focusing on median statistical indicators to minimize the impact of both very small and very large transactions. JULY 2023 INSIGHTS Seasonal Trends: Typically, summer months witness an uptick in home buying. However, the remarkable increase in total sales value from June to July suggests a heightened demand.Positive Highlights: Despite the longer duration on the market, July 2023 saw strong growth in the number of sales, total net sales, and both average and median sale prices from June 2023.Areas of Concern: None noted. JULY 2023 SOLD STATISTICS  1. Market Overview: Total Sales: Maintained at 6 sales, no change from June 2023 but an increase of 20% from July 2022.Total Net Sales Volume: Surged to $7,555,000, reflecting a 46% increase month-over-month (MOM) and a rise of 22% year-over-year (YOY). 2. Days from Listing to Sale: Median Cumulative Days on Market: Sharp drop to 16 days, a 52% reduction from the previous month and increased by 23% compared to July 2022.Average Cumulative Days on Market: Decreased to 25 days, a 49% reduction from June 2023 but up by a massive 120% from July 2022. 3. Net Sale Price: Median Net Sale Price: Rose to $1,093,750, a 39% increase MOM but a 16% decline YOY.Median Net Sale $ per Square Foot: Stands at $264, down by 7% MOM and 38% YOY.Average Net Sale Price: Reached $1,255,417, marking a 46% increase MOM but only a slight rise of 2% YOY.Average Net Sale $ per Square Foot: Positioned at $295, a minor increase of 2% MOM but a decrease of 27% YOY. 4. High-End Market: Highest Net Sale Price: Stood at $2,400,000, showing a huge growth of 107% from the prior month and 46% YOY.Highest Net Sale $ per Square Foot: Noted at $423, up by 21% MOM, however, showing a 10% decline YOY. 5. List Prices: Median List Price: Increased to $1,199,000, a 50% growth MOM but a 11% reduction YOY.Median List Price per Square Foot: Marked at $279, a decrease of 6% MOM and 32% YOY.Average List Price: Elevated to $1,337,833, marking an increase of 49% from June 2023 and 11% YOY.Average List Price per Square Foot: Settled at $314, an increase of 4% MOM but a decline of 21% YOY. 6. Discount from List Price to Net Sale Price: Median % Discount from List Price: Deepened to 11.3%, reflecting a 51% increase in the discount compared to June 2023.Average % Discount from List Price: Dropped to 12.3%, which saw an increase of 38% from the previous month. 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 512-824-0024e aaron@alex.realestatew https://aaronalexander.alex.realestate/ PS – If you are an Agent or Broker in The Hills 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 – July 2023 The Hills TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate DAYS FROM LISTING TO ESCROW CUMULATIVE DAYS ON MARKET – July 2023 The Hills 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 The Hills TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate TOTAL NUMBER OF SALES TOTAL NUMBER OF SALES – July 2023 The Hills TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate TOTAL NET SALES* VOLUME TOTAL NET SALES VOLUME – July 2023 The Hills 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 The Hills 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 The Hills TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate LIST PRICE PER SF LIST PRICE PER SF – July 2023 The Hills TX Real Estate Stat Pack – by ALEX Labs, ALEX Studios and ALEX.realestate LIST PRICE PER HOME LIST PRICE PER HOME – July 2023 The Hills 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 The Hills 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 The Hills 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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Best in Texas™: Net Sale Price Data and Charts now available from ALEX.realestate

July 11, 2023, Georgetown, TX: “ALEX.realestate, ALEX Labs and ALEX Studios are excited to publish our first monthly set of statistical reports (Stat Packs) incorporating Net Sale Price statistics” announces Diane Hart Alexander, MBA, MHA, CEO Broker. George Alexander, MPA, Associate Broker adds: “Stat Packs is the only known source of Net Sale Price data. Stat Packs are based on data from the Austin Board or Realtors (ABOR) MLS. We wait 10 days after the end of each month to assure all sales in the prior month reported to ABOR are included.” Diane concludes: “If you would like a report for another geographic area please contact your favorite ALEX Partner or contact me.” GEOGRAPHIC AREAS Access Stat Packs by clicking on any geographic area below and ask for Google Drive access  All of ABOR Counties BastropBlancoBurnetCaldwellHaysTravisWilliamson Cities AustinBastropBudaElginGeorgetownHuttoKyleLago VistaLakewayLeanderLiberty HillManorRound RockSan MarcosSpicewoodThe HillsWimberley Georgetown Zip Codes 78626 – East Georgetown78628 – West Georgetown78633 – Northwest Georgetown including Sun City FOR ADDITIONAL INFORMATION Please reach out to:Diane Hart Alexander, MBA, MHA, CEO, BrokerAlexander Tiffany Southwest dba ALEX.realestateChairman, ALEX Cares v 713.591.9902o 713.918.9951e diane@alex.realestate

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