Steiner Ranch Housing Report - January 2014

In this edition of How’s the Market in Steiner Ranch, I review the December 2013 home sale stats. Below the video, you can find the same information in chart and text formats. Click here to see the 2013 full year recap.

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 January 2014 edition of “How’s the Market in Steiner Ranch.” This edition will cover the stats from December, but I have another edition that recaps the full 2013 Steiner housing market.

In December, 19 homes closed in Steiner Ranch which was down 32% from December 2012. Comparing only resale homes, sales were down 22.7% to 17 homes from 22. From this point forward, all the stats quoted are for resale homes only. In December, the average price of a resale home increased 15.6% to $495,000. The median price increased by 7.9% to $427,000. The average price per square foot increased by almost 20% to $151.71. While the increases break a three month trend of declining year-over-year prices, keep in mind that because this is a small data set, the December numbers appear rosier than they really are since more higher-end homes sold in the month than is typical. While I usually provide a rolling six-month snapshot of pricing, I will instead defer to the 2013 full-year figures which you will find here.

The number of available resale homes in December was 43, down 26% from last December. Once again this year, we are starting the year with a very low inventory of homes in Steiner Ranch so if you are planning to sell your home next spring, you might want to consider moving up that time frame – contact me to discuss whether it might be a strategy for your situation.

Across Steiner, the December sales ranged from a low of $275,000 to a high of $1,005,000. The average sales price to list price ratio was 97.7%. For homes that closed in December, the average days on market was 41. As always, my website allows you to look at summary and detailed data for each Steiner Ranch neighborhood.

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. Don’t forget to watch the 2013 Year End edition and thanks for watching “How’s The Market In Steiner Ranch.”

Statistics based upon information from ACTRIS for the periods cited.