27 New listings came on the market in 78732 in May of 2023, exactly the same as April, but much lower than previous years. This is 31% less listings than May 2022, 20% less than May 2021, and less than half the number of new listings of 2018-20...
Property taxes are a significant source of revenue for local governments, including Travis County. These taxes are calculated based on the "value" of your property, which is determined by the county appraiser's office. Keep in mind that they ...
March and April saw less new listings come on the market than previous years – only 65, which is 20% less than in 2022 and 32% less than in 2021.
Despite the lower inventory, the sale price to original list price stayed the same, 94% i...
In February, we only saw 19 new listings come on the market in 78732. This was less than previous years. 9 of those listings are already under contract. Several of them received multiple offers.
January 2023 also saw a reduced number of ...
With only 14 new listings in January, the lowest number in 6 years, we are seeing multiples again. Four of those 14 are already under contract and only took 3,3,5 and 20 days to go pending.
The sale price to original list price ratio i...
Inventory – Number of Sales
Last year, I wrote about how the perception of “low inventory” changes based on demand. That definitely rang true in 2022, as inventory levels remained about the same, but this time demand dipped. 378 properti...
This is the first month I’ve felt like I needed to remove a few sales from the stats so the numbers weren’t so skewed by a few outliers. There were two Opendoor listings that were so wildly overpriced in the beginning, their original list p...
After two years of buyers wanting things to slow down, they finally got their wish! Inventory and interest rates are back up to where they were pre-pandemic – not just in 78732 – all over Austin.
The number of new listings in 78732 actua...
The Steiner Ranch real estate market got interesting this month….but stats won’t reflect the shift until next month.
The average sales price to original list price ratio again remained relatively unchanged in June – same as April and M...
The average sales price to original list price ratio remained relatively unchanged from April to May. April's ratio was 102.11%, May's was 102.17%.
It's important to note that the properties that sold in April and May likely went under...
The Best Time to Buy a House in Steiner Ranch was Yesterday!
This statement continues to be true in Steiner Ranch and all over Austin. Things are not slowing down. In February of 2021, the average sales price in 78732 was $863,420. The avera...
Steiner Ranch Real Estate Market January 2022
This is a shorter update than usual because we only had SIX closings in 78732 in January. New listings were down also. We had 31% less listings this January than last year. This is causing listings...
Inventory – Number of Sales
Just like in 2020, it seemed like “low inventory” was all we heard in 2021. But like 2020, it wasn’t that low, demand was just through the roof! 349 properties were sold in the 78732 zip code in 2021, vs. 37...
As I continued to track the original list price to sale price ratio broken down into 2 week increments by price range, I saw some interesting data. In April, there was only one listing under $500,000 and that house was under 1700 SF. Given ...
We continue to see multiple offer situations in Steiner Ranch which are driving up prices. This month, I decided to start tracking a new metric, breaking down the sale price to original list price ration by price range. Since the market is ...