Steiner Ranch Housing Report - January 2016
In this edition of “How’s the Market in Steiner Ranch,” I review the December 2015 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. Welcome to the January 2016 edition of “How’s the Market in Steiner Ranch.” This report will examine the December housing stats as the full year stats are in a separate version.
In December, 22 resale homes closed in Steiner Ranch which was up 47% from December 2014. The median price increased 17.6% to $441,000. The average price of a home increased 15.2% to $463,018. The average price per square foot dropped by 3.2% to $142.53. While I usually look at year-to-date figures, I will defer those numbers to the year-end report which you can find in the same place you found this one.
The number of available resale homes at the beginning of December was 63, up 31.3 from last December. To be clear, that does not include homes that are under contract. This trend of higher inventory levels compared to last year has now reached 10 consecutive months. We may be about to break that, however, as the number of homes that were taken off the market without selling was higher than usual recently.
Across Steiner, the December sales ranged from a low of $286,000 to a high of $735,000. The average sales price to list price ratio was 98.2%. For homes that closed in December, the average days on market was 54, down 26% from last December.
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.
The December stats always get shortchanged a bit because the full-year numbers are much more interesting to examine. I invite you to check out that report, found here.
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.