Steiner Ranch Housing Report - August 2013

In this edition of How’s the Market in Steiner Ranch, I review the July 2013 home sale stats and preview some local events coming in August. 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 at 512-650-7300, by email, or use the form below.

Click here for previous editions of How’s the Market in Steiner Ranch.

If you prefer to read instead of watch, here are the chart and transcript:

Transcript

Greetings! I’m Craig Smyser. Welcome to the August 2013 edition of “How’s the Market in Steiner Ranch.”

In July, 51 homes closed in Steiner Ranch which was up 34% from July 2012. Comparing only resale homes, sales were up 40% to 49 homes from 35. From this point forward, all the stats quoted are for resale homes only. In July, the average price of a resale home increased 18.1% to $505,746. The median price similarly increased by 17% to $451,000. The average price per square foot increased 16% to $144.61. Measuring just one month of pricing can lead to some distortion, so it is better to look at a longer period of time. If we compare the last six months to the same period one year ago, the numbers, while still strong, are a bit more subdued. The average price increased 16% to $474,450, the median price increased 9.5% to $412,000, and the average price per square foot increased 10.7% to $138.02. I do want to mention that we do not see a uniform 10% increase across all of Steiner Ranch. Some price ranges have seen higher appreciation and others have seen lower appreciation.

The July sales ranged from a low of $272,000 to a high of $1,075,000. The number of available resale homes in July was 118, down 4.8% from last July. The average sales price to list price ratio was 98.3%. For homes that closed in July, the average days on market was 32. As always, my website allows you to look at summary and detailed data for each Steiner Ranch neighborhood.

I want to remind everyone about the Steiner Ranch Concert in the Park on Saturday, August 17th. The event starts at 6:00pm and features a number of local bands. I will be there selling freshly spun cotton candy with the proceeds going to the Hill Country Education Foundation. Finally, the 4th Annual Kicking for Cash is Friday, August 30th at halftime of Vandegrift’s football game. I’m the sole sponsor for this fantastic, fun event in which VHS students compete in a field goal kicking contest to win cash for their student organizations. Come out for a great evening of football, the marching band performance, and Kicking for Cash.

As always, if you have any real estate related questions, please don’t hesitate to contact me at 512-650-7300, by email, or use the form below. Thanks for watching “How’s The Market In Steiner Ranch.”

Statistics based upon information from ACTRIS for the periods cited.