Steiner Ranch Housing Report - January 2023

Posted by Craig Smyser on Friday, January 13, 2023 at 2:27 PM By Craig Smyser / January 13, 2023 Comment

This edition of How's the Market in Steiner Ranch outlines the December sales stats for Steiner Ranch. Now, I typically also recount the year-to-date statistics but you'll find those in the Year-End report. If you're going to watch just one, I recommend watching the year-end video, which can be found here. If you'd prefer to read the report, the transcript can be found below.

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.

This report will examine the December housing stats while the full year stats are in a separate video. If you are only going to watch one, make it the year end wrap up.

In December, 9 resale homes closed in Steiner Ranch which was down 53% from December 2021. The median price decreased 3.2% to $799,000. The average price of a home decreased 9.8% to $914,833. The average price per square foot decreased by 10% to $288.21. Again this month, the few sales make it hard to really say this is an accurate picture of the market. 6 of the 9 homes are in entry-level neighborhoods and the other three in high-end with no mid-level neighborhoods represented. I’d estimate the median currently around $850,000. While I usually look at year-to-date figures, I will defer those numbers to the year-end video which you can find in the same place you found this one.

The number of available resale homes at the end of December was 27, up 286% from last December. To be clear, that does not include homes that are under contract.

Across Steiner, the December sales ranged from a low of $577,000 to a high of $1,650,000. The average sales price to list price ratio was 97.0%. For homes that closed in December, the average days on market was 29, up from 16 last December. There were 14 contracts written in December, which is higher than I would have expected. Whether that ends up being an indicator of something, we’ll have to wait to see.

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 in the same place you found this one.

Statistics based upon information from ACTRIS for the periods cited.