How's the Market in Steiner Ranch - February 2020
In this edition of How's the Market in Steiner Ranch, I review the January 2020 sales statistics and look at the past six-months of sales data to get a better picture of the market. If you'd prefer to read about the sales figures, the video transcript can be found below.
To view summary and detailed sales information for all Steiner Ranch neighborhoods, check out the Neighborhood Home Sale Data section of my website. If you are looking to buy or sell a home in Steiner Ranch, contact me via email or at 512-650-7300. Previous editions of How’s the Market in Steiner Ranch are also available. If you prefer to read instead of watch, here are the chart and transcript.
Greetings! I'm Craig Smyser with 1835 Realty. Welcome to the February 2020 edition of "How's the Market in Steiner Ranch."
In January, 9 resale homes closed in Steiner Ranch which was up 12.5% from January 2018. The median price increased 13.7% to $605,000. The average price of a home decreased 0.5% to $574,222. The average price per square foot increased by 6.3% to $186.01. The numbers seem great, but it’s because we are comparing a small data set of just 9 homes this January and 8 last January. So it’s a good exercise to look at a longer time period to get a more accurate picture of the market. The number of resale homes sold over the last six months is 105, up 2.9% from the same time period the year prior. The median price of a resale home has increased 2.0% to $466,500. The average price increased by 14.5% to $615,061. The average price per square foot increased 12.8% to $182.72. For those who are regular viewers, it sure is nice to see some increasing numbers as we head into 2020 and no longer have the artificially inflated numbers of 2019 to compare. A 2.0% increase in prices over the past six months is about what I would expect and I think we’ll see that sort of increase continue over the coming months.
The number of available resale homes at the end of January was 20, down 28.6% from last January. We continue to see very low inventory so if you are thinking of selling, please contact me soon. Inventories will likely increase over the coming months so let’s find out if it makes sense to get your house on the market sooner rather than later. Across Steiner, the January sales ranged from a low of $405,000 to a high of $675,000. The average sales price to list price ratio was 98.1%. For homes that closed in January, the average days on market was 49, down from 95 last January.
As always, my website allows you to look at summary and detailed data for each Steiner Ranch neighborhood. Simply go to RealEstateInAustin.com and click on the big red “Search Sold Data” button towards the bottom of the page.
I want to invite you to join the Discover Steiner Ranch Facebook group. I post videos about Steiner-specific information including videos about Steiner residents and businesses.
If you have any real estate related questions, please don’t hesitate to call me at 512-650-7300 or email me at [email protected]. Thanks for reading “How’s The Market in Steiner Ranch.”
Statistics based upon information from ACTRIS for the periods cited.