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 / Steiner Ranch Housing Report – June 2020

Steiner Ranch Housing Report – June 2020

June 11, 2020 Craig Smyser Leave a Comment

The June edition of How’s the Market in Steiner Ranch is now available. As usual, we’ll talk about the stats but, of course, I will also address the lingering coronavirus impact on real estate.

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
May 2020May 2019Change
Number of Homes Sold1737-54.1%
Median Sales Price$547,000$540,0001.3%
Average Sales Price$573,282$557,0742.9%
Average Price Per Square Foot$180.61$175.832.7%
Sales Price to List Price Ratio99.2%99.7%-0.5%
Active Homes3858-34.5%
Days on Market1625-36.0%
Low Sales Price$315,000$358,587
High Sales Price$1,075,000$885,000
Longer Period Pricing Comparisons
12/2019 - 05/202012/2018 - 05/2019Change
Number of Homes Sold104119-12.6%
Median Sales Price$562,500$499,00012.7%
Average Sales Price$666,296$561,02318.8%
Average Price Per Square Foot$191.12$170.5512.1%
Sales Price to List Price Ratio98.6%98.8%-0.2%
Days on Market3841-7.3%

Greetings!  I’m Craig Smyser with 1835 Realty.  Welcome to the June 2020 edition of “How’s the Market in Steiner Ranch.”  As usual, we’ll talk about the stats but, of course, I will also address the lingering coronavirus impact on real estate.

While the market has roared back from the coronavirus setback, real estate sales take a while to work through from contract to closing.  Many numbers I report are backward looking so don’t necessarily reflect the strength seen now, but we’ll get to that in a bit.  In May, 17 resale homes closed in Steiner Ranch which was down 54.1% from May 2019.  Obviously, that’s a big drop, but also very expected.  As I’m sure you are aware, the amount of time it takes to close the sale of a home means that closings in May are mostly the result of contracts accepted in April during which the whole month was spent under stay-at-home orders.    For the homes that closed, though, the median price increased 1.3% to $547,000.  The average price of a home increased 2.9% to $573,282.  The average price per square foot increased by 2.7% to $180.61.  Of course, I always prefer to look at a longer time period to get a more accurate picture of the market because one month is a small data set.  The number of resale homes sold over the last six months is 104, down 12.6% from the same time period the year prior (and the drop in May sales is the only reason this number is negative).  The median price of a resale home has increased 12.7% to $562,500.  The average price increased by 18.8% to $666,296.  The average price per square foot increased 12.1% to $191.12.  Once again, these are very strong numbers.  As I said last month, while prices are definitely heading up, part of the increase is that we are simply selling a higher proportion of higher end homes this year compared to last year.  Over the last six months, the number of homes under $500,000 selling is down by about 41% while homes from $500,000 to $1 million are up 11%.  Further, sales of homes over $1 million doubled in this time frame.  Steiner is a big neighborhood, but still small enough that the data isn’t always uniform from one year to the next.

I mentioned earlier that the market roared back in May and we will see that reflected when sales close in June.  I usually don’t share the number of contracts written in a given month because not all of them end up closing.  But this month is a great time to make an exception.  In May, the number of homes in Steiner Ranch that accepted an offer (thus becoming a contract) was 43 from 27 in May 2019 – that’s a 59% increase!  Indeed, low interest rates and pent-up demand was no match for lingering concerns over covid-19.  Prices are moving up faster than usual in Steiner and we are seeing multiple offers more often than usual.  It is a great time to be a seller so if you’ve had any thoughts, I urge you to contact me today.  If you are a buyer, it is definitely harder right now, which is why you need an agent with decades of experience to help you navigate this.  Hint, I’m the guy with the experience.

The number of available resale homes at the end of May was 38, down 34.5% from last May.  Across Steiner, the May sales ranged from a low of $315,000 to a high of $1,075,000.   The average sales price to list price ratio was 99.2%.  For homes that closed in May, the average days on market was 16, down from 25 last May.

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.

One last thing.  I’ve been doing videos of houses I sell for over 15 years.  But now I’ve upped my game by giving them a storyline and making them more innovative.  Videos inspired by Jimmy Fallon’s Thank You Notes and Billy Mays, who was the OxyClean pitchman, have been big hits.  And the video with the puppies certainly went over well.  I invite you to check out a few recent listing videos to see how this new approach will not only showcase your home, but also garner more views.  When you sell your house, do you want some iPhone pictures, or a customized storyline video tailored to your house? Watch the videos below.

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 watching “How’s The Market in Steiner Ranch.”

Tweet

Related Posts

  • January 2019 Home Sale Data - Texas & U.S.
  • Foreclosure: 1123 Rawhide Trail, Cedar Park, TX 78613
  • How's the Market in Steiner Ranch - June 2017
  • Book Drive for Dell Children's Hospital
  • Driveway Tolls

Filed Under: Featured Blog Posts, General Real Estate Information, 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