In this month’s episode of “How’s the Market in Steiner Ranch,” I review the November sales statistics for Steiner Ranch as well as the year-to-date numbers.. 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.
|November 2018||November 2017||Change|
|Number of Homes Sold||13||18||-27.8%|
|Median Sales Price||$438,000||$504,250||-13.1%|
|Average Sales Price||$478,123||$537,008||-11.0%|
|Average Price Per Square Foot||$158.62||$156.78||1.2%|
|Sales Price to List Price Ratio||98.7%||97.8%||0.9%|
|Days on Market||56||72||-22.2%|
|Low Sales Price||$320,000||$320,000|
|High Sales Price||$989,000||$1,031,000|
|01/2018 thru 11/2018||01/2017 thru 11/2017||Change|
|Number of Homes Sold||266||307||-13.4%|
|Median Sales Price||$514,500||$495,000||3.9%|
|Average Sales Price||$591,584||$548,964||7.8%|
|Average Price Per Square Foot||$166.80||$164.79||1.2%|
|Sales Price to List Price Ratio||98.4%||98.2%||0.2%|
|Days on Market||50||48||4.2%|
Greetings! I’m Craig Smyser with RE/MAX Capital City. Welcome to the December 2018 edition of “How’s the Market in Steiner Ranch.” The November sales are much like we’ve seen throughout the year so let’s just dive right in.
In November there were 13 resale homes that closed in Steiner Ranch which was down 27.8 pct. from November 2017. The median price decreased 13.1 pct. to $438,000. The average price of a home decreased 11.0 pct. to $478,123. The average price per square foot increased by 1.2 pct. to $158.62. Now let’s take a look at the year-to-date stats to get a better overall picture of the market. The number of resale homes that have sold in 2018 is 266, which is down 13.4 pct. compared to the same time period in 2017. This is not surprising given that the number of properties offered for sale this year in Steiner was down 22.8%. The median price of a resale home has increased 3.9 pct. to $514,500. As a reminder, the median is the price most often cited when talking about real estate pricing. The average price increased by 7.8 pct. to $591,584. The average price per square foot increased 1.2 pct. to $166.80.
The number of available resale homes at the beginning of November was 38, down 50.6 pct. from last November, again repeating a pattern we’ve seen all year long. In fact, these are some of the lowest numbers we’ve seen for sale in years regardless of which month it is. Across Steiner, the November sales ranged from a low of $320,000 to a high of $989,000. The average sales price to list price ratio was 98.7 pct. For homes that closed in November, the average days on market was 56, down from 72 last November.
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.
Next month we’ll get a chance to look at the year end numbers and see how things look as we head into 2019.
If you have any real estate related questions, please don’t hesitate to call me at 512-650-7300 or email me at Craig@RealEstateInAustin.com. Thanks for reading “How’s The Market in Steiner Ranch.”
Statistics based upon information from ACTRIS for the periods cited.