In this episode of “How’s the Market in Steiner Ranch,” I review the December 2019 sales statistics for Steiner Ranch which prove why we don’t take the monthly stats too seriously. Below the video, you can find the same information in chart and text formats. The 2019 annual report for Steiner Ranch is available here.
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.
|December 2019||December 2018||Change|
|Number of Homes Sold||15||19||-21.1%|
|Median Sales Price||$700,000||$452,500||54.7%|
|Average Sales Price||$1,097,960||$470,132||133.5%|
|Average Price Per Square Foot||$239.83||$155.75||54.0%|
|Sales Price to List Price Ratio||97.1%||97.8%||-0.7%|
|Days on Market||78||51||52.9%|
|Low Sales Price||$385,000||$315,000|
|High Sales Price||$4,775,000||$750,000|
Greetings! I’m Craig Smyser with 1835 Realty. Welcome to the January 2020 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 video.
In December, 15 resale homes closed in Steiner Ranch which was down 21.1% from December 2018. As for prices, they are crazy and irrelevant because of a few sales I will mention shortly, but here they are. The median price increased an insane 55% to $700,000. The average price of a home increased an eye-popping 134% to $1,097,960. The average price per square foot jumped by 54% to $239.83. As it turns out, of the 15 sales in December, two were in Bellagio Estates – one was for almost $4 million and the other for almost $5 million. So the numbers are so out of whack that they aren’t useful at all. While I usually look at year-to-date figures to bring some reality to the table, 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 20, down 33.3% 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 $385,000 to a high of $4,775,000. The average sales price to list price ratio was 97.1% For homes that closed in December, the average days on market was 78, up from 51 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. You can find that report here.
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.