How's the Market in Steiner Ranch - March 2017
In this edition of “How's the Market in Steiner Ranch,” I review the February 2017 statistics. Below the video, you can find the same information in chart and text formats.
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 RE/MAX Capital City. Welcome to the March 2017 edition of "How's the Market in Steiner Ranch."
In February, 16 resale homes closed in Steiner Ranch which was up 45.5% from February 2016. Given the time of year, and the number of homes involved, don’t get too excited about that big percentage change. The median price of a resale home increased 8.0% to $444,603. The average price of a home increased 13.3% to $474,220. The average price per square foot increased by 7.7% to $159.92. Now let’s look at a longer time period to get a more accurate picture of the market. The number of resale homes in the last six months is 101, down 18.6% from the same time period the year prior. The median price of a resale home has increased 6.3% to $465,000. The average price increased by 13.3% to $575,084. The average price per square foot increased 10.1% to $166.32. Almost a year ago, I started to also provide the pricing information for homes under $1 million because the higher end sales were distorting the sales figures. The numbers continue to show some distortion, so let’s look again at the sales number for the last six months for homes under $1 million. The median sales price increased 4.9% to $455,000. The average sales price increased 5.5% to $505,337. The average price per square foot increased 8.7% to $160.15.
The number of available resale homes at the beginning of February was 37, down 35.1% from last February. This number will increase quickly at this time of year, though. Across Steiner, the February sales ranged from a low of $285,500 to a high of $820,000. The average sales price to list price ratio was 97.4%. For homes that closed in February, the average days on market was 46, up from 38 last February.
If you have any real estate related questions, please don’t hesitate to contact me via email or at 512-650-7300. Thanks for reading “How’s The Market In Steiner Ranch.”
Statistics based upon information from ACTRIS for the periods cited.