Steiner Ranch Housing Market
STEINER RANCH HOUSING MARKET
The Austin housing market continues to thrive in the Central Texas Region and Steiner Ranch is no different. The Four Points area continues to grow as families choose to live in the beauty of the hill country. Steiner Ranch, located in the heart of the hills, is a great place to raise a family.
INVENTORY & SALES
Current Steiner Ranch market stats show us that there are 69 active homes for sale during June 2016 versus the 107 homes for sale in June 2015. As of June 20, there are 47 homes pending versus the 32 homes pending previously.
Comparatively speaking, the period of January 2015 – June 2015 recorded 124 units sold with an average sale price of $506k and 46 days on market. This year, from January 2016 to June 2016, there have been 160 units sold, the average sale price dropped slightly to $497K, while days on market also dropped to 41 days.
What does this mean? Simply stated:
- more homes have sold
- there is a decrease in days on market
- factor the slight price decrease; more homes are selling below $500k than above $500K.
At closer observation, of the 69 currently active homes, only 21 of those are below the $500K price point. Of the 160 sales previously mentioned, 103 of those sales were below the $500k price and the other 57 homes were above the $500K price point.
From an economics standpoint, it is interesting to note that approximately 2/3 of the Steiner Ranch sales were below the $500k price, yet over 2/3 of the current active homes on market are over $500K. Stay tuned to learn more…
BUYER OR SELLER MARKET
Based on supply and demand trends, the data for this year shows that homes listed below the $500K price point creates a seller's market. However, homes listed above the $500k price point, creates more of a buyer's market scenario.
GENERAL MARKET CONDITIONS
Steiner Ranch is a very strong market in the Austin area. More homes have sold and days on market numbers have dropped. It is interesting to note that more homes are selling below the $500k price point than above.
WHAT’S IN A NUMBER?
Why live in Steiner? Because Steiner Ranch has homes in a variety of price ranges and the neighborhood offers beautiful hill country views, miles of outdoor trails, three public swimming pools, amenities, convenient shopping, three elementary and one middle school. Steiner has all the needed variables for a healthy overall market condition that includes steady home sales, appropriate price per square foot that increases at an acceptable market rate and a decrease of days on market for well-priced homes.
Do you have questions regarding a specific area in Steiner Ranch? Contact the Gene Arant Team for a consultation. We can provide statistical information to help you make more informed decisions and offer a quantitative analysis of individual neighborhoods.