Craig Smyser

Austin Texas Real Estate

(512) 650-7300
  • Home
  • Search Homes
    • Craig’s Listings
    • Coming Soon
    • Search By School
    • Search by Community
    • Search by Zip Code
    • Advanced Search
    • Map Search
    • Search Sold Data
  • Buy
    • Love It or Leave It Guarantee
    • Property Tax Rates
    • Calculators
  • Sell
    • Selling Your House
    • Estates, Trusts, and Probate
      • Executors/Heirs
      • Attorneys
    • Sold Portfolio
  • Dave Ramsey ELP
  • Blog
  • About
    • Client Reviews
  • Contact
You are here: Home / Blog / Featured Blog Posts / How’s the Market in Steiner Ranch – December 2019

How’s the Market in Steiner Ranch – December 2019

December 9, 2019 Craig Smyser Leave a Comment

The December edition of How’s the Market in Steiner Ranch is available. In it, I review the November sales statistics and compare the year to date stats to get a better overall look of the Steiner Ranch market.  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.

Steiner Ranch Resale Home Statistics
November 2019November 2018Change
Number of Homes Sold13130.0%
Median Sales Price$402,500$438,000-8.1%
Average Sales Price$451,119$478,123-5.6%
Average Price Per Square Foot$172.73$158.628.9%
Sales Price to List Price Ratio98.3%98.7%-0.5%
Active Homes2937-21.6%
Days on Market4356-23.2%
Low Sales Price$349,900$320,000
High Sales Price$700,000$989,000
Longer Period Pricing Comparisons
01/2019 thru 11/201901/2018 thru 11/2018Change
Number of Homes Sold258266-3.0%
Median Sales Price$482,250$514,500-6.3%
Average Sales Price$561,000$591,587-5.2%
Average Price Per Square Foot$173.70$166.804.1%
Sales Price to List Price Ratio99.0%98.4%0.6%
Days on Market3550-30.0%

Greetings!  I’m Craig Smyser with 1835 Realty.  Welcome to the December 2019 edition of “How’s the Market in Steiner Ranch.”

Before we get started with this month’s numbers, I want to let you know I am sponsoring a People’s Choice award for the best Christmas light display in Steiner Ranch.  This means that you get the chance to determine the best lights in the neighborhood.  For more information, visit the Discover Steiner Ranch group on Facebook.

Now to the numbers.  In November, 13 resale homes closed in Steiner Ranch which was the same as November 2018.  The median price decreased 8.1% to $402,500.  The average price of a home decreased 5.6% to $451,119.  The average price per square foot increased by 8.9% to $172.73.  I don’t care much for one month’s worth of stats – especially when there are only 13 sales so let’s take a look at the year-to-date sales data to get a better overview of the market.  The number of resale homes that sold so far in 2019 is 258, down 3.0% from last year.  The median price of a resale home has decreased 6.3% to $482,250.  The average price decreased by 5.2% to $561,000.  The average price per square foot increased 4.1% to $173.70.  After trying to tell the story differently every month for almost a year, I think I’ve simply run out of ways to say that I don’t believe prices are actually falling in Steiner, but that the statistical decline is just a function of the types of homes that have sold.  Last year we had a larger than usual number of higher-end homes sell compared to what we typically see.  This year has been a more typical year.  As a result, last year’s unusually high numbers get compared to this year’s typical sales and the comparison results in the appearance of lower prices.  A little bit of smoke and mirrors, if you will.

The number of available resale homes at the end of November was 29, down 21.6% from last November. As we head into the traditionally slower real estate selling season, remember that homes sell all year long and the timing of when you should sell has more to do with your personal circumstances than it does trying to time the market.

Across Steiner, the November sales ranged from a low of $349,900 to a high of $700,000.   The average sales price to list price ratio was 98.3%.  For homes that closed in November, the average days on market was 43, down from 56 last November.  As you can see, even though prices show a decline, the market is tight with homes selling quickly and for a high percentage of their list price.

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.

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.

Tweet

Related Posts

  • Texas is Sticky
  • How's the Market in Horizon Park - September 2016
  • How's the Market in Steiner Ranch - April 2019
  • How's the Market in Steiner Ranch - October 2015
  • Moving to Austin? You Should Know About the Moonlight Towers

Filed Under: Featured Blog Posts, Housing Statistics, How's the Market in Steiner Ranch, Market Updates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search By Community

Austin
Bee Cave
Cedar Park
Georgetown
Lakeway
Leander
Pflugerville
Rollingwood
Round Rock
Steiner Ranch
West Lake Hills
Large Neighborhoods

Search Options

Zip Code Search
School Search
Community Search
Map Search
Advanced Search

1835 Realty

6548 Comanche Trail
Suite 401-D
Austin, TX 78732

(512) 650-7300
Licensed in the state of Texas.
512-650-7300 (mobile) or 512-890-1835 (main office).
Craig Smyser, 1835 Realty, Austin, TX 78732 © 2021 Craig Smyser
Texas Real Estate Commission Consumer Protection Notice | Texas Real Estate Commission Information About Brokerage Services
Sitemap | Privacy Policy | Log in