Steiner Ranch Housing Report - August 2021
In this month's edition of How's the Market in Steiner Ranch I review the July sales stats and compare the year-to-date statistics. While the market appears to be softening, there's still strong seller conditions. 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 1835 Realty. Welcome to the August 2021 edition of "How's the Market in Steiner Ranch.” The real estate market in Steiner continues to come down off the peak of earlier this year. Let’s dive into the stats.
In July, 27 resale homes closed in Steiner Ranch which was down 42.6% from July 2020. While that is certainly a big drop, remember that it is being compared the period last year in which the lockdown had recently ended and buyers returned to the market with a vengeance. The median price increased 62.7% to $872,000. The average price of a home increased 47.3% to $998,484. That’s right, the average price was about $1,500 shy of one million. The average price per square foot increased by 50.3% to $291.46. The longer-term numbers are once again giving us a good insight into the market since they now fully reflect the strong runup that started in January. The number of resale homes sold so far in 2021 is 174, down 6.5% from the time period last year, reflecting again the low number of homes offered for sale. The median price of a home has increased 47.0% to $816,000. The average price increased by 48.5% to $950,252. The average price per square foot increased 50.3% to $282.82. As a reminder, the key number we use in real estate is the median price. Again, that’s up almost 50% to $816,000 for resale homes in Steiner Ranch.
The number of available resale homes at the end of July was 19, up 5.6% from last July. While still historically low, that is an increase over what we’ve seen for the past few months. Across Steiner, the July sales ranged from a low of $590,000 to a high of $1,775,000. The average sales price to list price ratio was 107.3%. For homes that closed in July, the average days on market was 10, down from 24 last July.
As always, my website allows you to look at summary and detailed data for each Steiner Ranch neighborhood. I’ve made some website changes recently so to view this data, temporarily go to SteinerHouses.com.
On a completely different note, Kicking for Cash will take place on Friday, August 27th during halftime of the Vandegrift football game. This is an annual event I sponsor in which Vandy kids kick field goals to raise funds for school organizations. Be sure to get out to the first home game of the year for a great evening of Friday Night Lights!
Finally, if you are thinking of selling, reach out to me and let’s talk about what you can expect. Of course, 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 watching “How’s The Market in Steiner Ranch.”
Statistics based upon information from ACTRIS for the periods cited.