Steiner Ranch Housing Report - October 2020
The October housing report, How's the Market in Steiner Ranch is now available. As usual, we’ll talk about the monthly stats as well as the year-to-date sales figures. High demand and low interest rates are causing sales and prices to continue to rise.
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 is the transcript.
Greetings! I'm Craig Smyser with 1835 Realty. Welcome to the October 2020 edition of "How's the Market in Steiner Ranch." The market just continues to get stronger for sellers.
In September, 31 resale homes closed in Steiner Ranch which was up 55.0% from September 2019. The median price increased 34.8% to $600,000. The average price of a home increased 20.2% to $642,816. The average price per square foot increased by 11.3% to $191.08. Those are red hot numbers. Of course, I always like to look at a longer time period so let’s look at year-to-date. The number of resale homes sold during the first nine months of 2020 is 251, up 10.1% from this time last year. The median price of a resale home has increased 14.9% to $569,000. The average price increased by 13.6% to $649,884. The average price per square foot increased 8.4% to $189.76. These numbers are little tamer, but still show a very strong market in Steiner. It still comes down to the basic economic principal of supply and demand – there just are not enough homes for sale in Steiner Ranch. If you are considering a move – you can make a buyer happy, me as your agent happy, and you’ll be happy with the sales price. That’s lots of happy people so call or text me today at 512-650-7300.
The number for October closings will be strong, too. As I record this, there are 36 homes waiting to close. Of course, only some of them will close in October, but I am quite certain we will surpass the October 2019 number.
The number of available resale homes at the end of September was 7, down 84.4% from last September. If I haven’t already convinced you, it’s a good time to sell. Across Steiner, the September sales ranged from a low of $390,000 to a high of $1,561,500. The average sales price to list price ratio was 100.6% - that is a monstrous number, my friends. For homes that closed in September, the average days on market was 15, down from 28 last September.
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.
As many of you know, I own a cotton candy machine that I’ve taken out to the elementary school carnivals to raise money for their PTAs. Since we can’t do that, I’m pairing up with Cups & Cones to spin cotton candy there on Saturday, October 24, from 5:00 to 7:00. It will be a free will offering with all proceeds going to Cups & Cones. Kollet Hardeman with Kollet Originals will also be there so you can watch her paint (trust me, that’s going to be pretty cool).
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 reading “How’s The Market in Steiner Ranch.”
Statistics based upon information from ACTRIS for the periods cited.