77386 Home Sales Report - November 2017

TheHomeSalesRealEstateReportSpringTX|77386|November,2017AverageSoldPrice/MedianSoldPrice– MonthByMonthAveragePricePerSquareFoot– MonthByMonthAverageDaysOnMarket– MonthByMonthMonthsSupplyofForSaleInventory– MonthByMonth

9000 Forest Crossing Drive | The Woodlands TX | 281-367-3531

281-367-3531

KEY INFORMATION

2 Years (Monthly) 10/01/15 - 10/31/17

Market Dynamics BHGRE Gary GreeneSold Average vs. Median Price

Monthly % Total % Change

21.510.70

Monthly Change

1,945.40Median

Total ChangeAverage 1,838.15 44,115.68 16.90

46,689.560.90

ZIP Codes:All

Bathrooms:Single-Family: (Residential, Duplex) Sq Ft:

HAR AllAll AllAllAll Lot Size:Bedrooms:Property Types:

77386

2 Years (Monthly) Construction Type:Price:Period:MLS:

11/05/17BrokerMetrics®Information not guaranteed. © 2006 - 2017 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

© 2017 - 2018 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

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BHGRE Gary Greene

2 Years (Monthly) 10/01/15 - 10/31/17

Market DynamicsSold Average vs. Median Price

Time Period # Properties Sold Sold Average $ Sold Median $ Sold Avg DOMAverage $ - Median $ Median $ as % of Average $110Oct-17 288,201 91.3263,250 24,951 54121Sep-17 279,373 89.5250,000 29,373 47111Aug-17 330,288 77.2255,000 75,288 60133Jul-17 303,880 84.0255,193 48,687 43170Jun-17 320,191 83.1266,139 54,052 57150May-17 271,792 90.8246,700 25,092 59118Apr-17 294,867 76.0223,950 70,917 55124Mar-17 280,258 90.3253,097 27,161 62

74Feb-17 278,358 92.7257,995 20,363 7361Jan-17 297,363 80.7240,000 57,363 70

108Dec-16 310,466 83.7259,705 50,761 78125Nov-16 286,904 87.1250,000 36,904 68112Oct-16 287,435 90.3259,500 27,935 59126Sep-16 281,730 90.5255,000 26,730 61144Aug-16 295,311 85.2251,500 43,811 61136Jul-16 272,120 84.1228,875 43,245 57150Jun-16 278,558 82.5229,728 48,830 69125May-16 266,842 85.8229,000 37,842 58125Apr-16 281,090 87.2245,000 36,090 63109Mar-16 275,141 81.4224,000 51,141 49

90Feb-16 248,294 80.0198,500 49,794 5573Jan-16 267,086 76.8205,000 62,086 70

122Dec-15 281,293 93.3262,590 18,703 5483Nov-15 245,259 79.9196,000 49,259 58

100Oct-15 256,528 79.7204,500 52,028 55


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Market DynamicsAverage $/SQFT (FS, Sold)

2 Years (Monthly) 10/01/15 - 10/31/17

BHGRE Gary Greene

Price:

-0.05

AllAll All

0.28-1.37

Property Types:HAR

Sold $/SQFTFor Sale $/SQFT

MLS: All

0.29

Bathrooms:

-0.06

All

6.746.91

Construction Type:

Total Change

Sq Ft:

Monthly Change

2 Years (Monthly)

ZIP Codes:

All

-1.15

Lot Size:Period:

Monthly %

Bedrooms:

KEY INFORMATION

Total % Change

Single-Family: (Residential, Duplex)77386

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Average $/SQFT (FS, Sold)2 Years (Monthly) 10/01/15 - 10/31/17

Market Dynamics BHGRE Gary Greene

#

FOR SALE

SQFTPeriod$/Avg

SQFTTime

Avg $

UNDER CONTRACT

# Avg $Avg

SQFT$/

SQFT

SOLD EXPIRED NEW LISTINGS

# # #Avg $ Avg $ Avg $Avg

SQFT$/

SQFTAvg

SQFT$/

SQFTAvg

SQFT$/

SQFT

117Oct-17 523 2,942345,138 111 297,177 2,658 112 110 66 150288,201 372,498 308,0032,736 105 3,276 114 2,723 113118Sep-17 559 2,986352,344 109 310,643 2,724 114 121 77 148279,373 373,944 315,9662,628 106 3,139 119 2,761 114117Aug-17 567 2,996350,081 88 292,154 2,616 112 111 68 141330,288 332,193 324,9502,914 113 3,062 109 2,874 113117Jul-17 627 3,017353,525 131 333,848 2,889 116 133 70 182303,880 360,686 310,1922,776 109 3,143 115 2,752 113118Jun-17 659 3,051360,084 144 310,545 2,703 115 170 70 242320,191 391,018 309,7202,782 115 3,313 114 2,793 111119May-17 638 3,096371,188 166 326,437 2,802 117 150 55 196271,792 368,848 319,6212,610 104 3,186 116 2,841 113119Apr-17 622 3,092369,974 136 292,314 2,665 110 118 44 220294,867 368,106 351,2542,700 109 3,249 112 2,937 117118Mar-17 591 3,062361,358 136 284,875 2,631 108 124 53 211280,258 414,568 335,5252,689 104 3,308 125 2,900 116118Feb-17 539 3,062360,450 111 305,897 2,748 111 74 48 180278,358 365,851 338,0042,595 107 3,073 119 2,867 118117Jan-17 506 3,089361,160 104 308,201 2,761 112 61 43 129297,363 401,218 342,3832,730 109 3,304 121 2,983 115117Dec-16 482 3,085359,524 60 306,656 2,788 110 108 45 91310,466 362,484 304,2842,813 110 3,142 115 2,832 107119Nov-16 539 3,069363,901 97 315,225 2,694 117 125 51 121286,904 391,470 322,5622,718 106 3,203 122 2,820 114118Oct-16 583 3,043357,792 114 300,040 2,713 111 112 51 152287,435 338,736 299,2642,732 105 2,975 114 2,704 111117Sep-16 614 3,087361,587 118 300,695 2,764 109 126 65 183281,730 360,425 320,4112,725 103 3,177 113 2,843 113116Aug-16 621 3,072356,377 126 291,107 2,718 107 144 64 168295,311 332,060 323,8572,745 108 2,971 110 2,834 114115Jul-16 641 3,053351,029 134 293,681 2,695 109 136 54 172272,120 347,296 300,0112,622 104 3,041 114 2,761 109116Jun-16 666 3,068355,755 142 306,768 2,729 112 150 55 216278,558 362,984 297,3542,603 107 3,156 115 2,790 107118May-16 657 3,061362,366 153 295,117 2,634 112 125 54 203266,842 374,391 325,4912,578 104 3,102 121 2,854 114117Apr-16 616 3,051358,719 117 269,769 2,592 104 125 45 216281,090 386,841 324,8062,674 105 3,209 121 2,816 115117Mar-16 584 3,064359,186 132 278,763 2,597 107 109 52 193275,141 426,057 311,3852,611 105 3,387 124 2,789 112118Feb-16 559 3,058361,999 121 283,781 2,553 111 90 47 158248,294 390,482 314,9852,390 104 3,174 123 2,826 111118Jan-16 534 3,038360,735 90 268,510 2,487 108 73 43 142267,086 369,236 296,9492,593 103 3,155 117 2,713 109121Dec-15 520 3,121379,797 83 284,491 2,650 107 122 45 98281,293 520,352 306,4502,713 104 3,677 142 2,725 112121Nov-15 568 3,119379,422 89 286,709 2,684 107 83 57 121245,259 395,306 343,6542,420 101 3,104 127 2,958 116120Oct-15 598 3,041365,243 102 252,785 2,410 105 100 49 143256,528 381,659 324,9712,547 101 3,251 120 2,856 115


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BHGRE Gary GreeneMarket Dynamics

2 Years (Monthly) 10/01/15 - 10/31/17Average DOM for Under Contract Properties

Monthly %-0.22

77386

Total % Change

Sq Ft:Bathrooms:All All

DOM

Construction Type:

ZIP Codes:

Period:Property Types:

-5.33 -8.50Monthly Change

-0.35

Lot Size:All

KEY INFORMATION

Single-Family: (Residential, Duplex) AllHAR AllBedrooms:

Total Change

AllMLS: Price:2 Years (Monthly)

Information not guaranteed. © 2006 - 2017 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

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11/05/17

Average DOM for Under Contract PropertiesMarket Dynamics BHGRE Gary Greene

2 Years (Monthly) 10/01/15 - 10/31/17

Period Avg DOM Avg CDOMContract# UnderTime

58Oct-17 11151Sep-17 10945Aug-17 8856Jul-17 13149Jun-17 14453May-17 16650Apr-17 13661Mar-17 13666Feb-17 11170Jan-17 10490Dec-16 6067Nov-16 9758Oct-16 11471Sep-16 11856Aug-16 12669Jul-16 13461Jun-16 14262May-16 15364Apr-16 11757Mar-16 13250Feb-16 12159Jan-16 9062Dec-15 8364Nov-15 8950Oct-15 102

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Months Supply of Inventory (UC Calculation)Market Dynamics

2 Years (Monthly) 10/01/15 - 10/31/17

BHGRE Gary Greene

ZIP Codes:

-19.28

Price:HAR Bedrooms:Period:

Monthly %MSI-UC

2 Years (Monthly)

77386

-0.80

Single-Family: (Residential, Duplex)

Total % Change

Property Types:

KEY INFORMATION

AllAll Lot Size:All

-0.79Monthly Change

-0.03Total Change

Sq Ft:AllAll Bathrooms:MLS: AllConstruction Type:

Information not guaranteed. © 2006 - 2017 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

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BHGRE Gary GreeneMarket DynamicsMonths Supply of Inventory (UC Calculation)

2 Years (Monthly) 10/01/15 - 10/31/17

Period NAR MSI # SoldMSI# For Sale Last

Day of Month# UnderContract

Time

3.1Oct-17 111 1103463.1

3.1Sep-17 109 1213733.4

3.7Aug-17 88 1114114.7

3.2Jul-17 131 1334263.3

2.6Jun-17 144 1704453.1

2.8May-17 166 1504172.5

3.7Apr-17 136 1184423.2

3.2Mar-17 136 1244023.0

5.1Feb-17 111 743803.4

5.9Jan-17 104 613593.5

3.5Dec-16 60 1083776.3

3.1Nov-16 97 1253914.0

3.7Oct-16 114 1124183.7

3.4Sep-16 118 1264313.7

3.0Aug-16 126 1444313.4

3.3Jul-16 134 1364533.4

3.1Jun-16 142 1504693.3

3.6May-16 153 1254502.9

3.6Apr-16 117 1254543.9

3.7Mar-16 132 1094003.0

4.3Feb-16 121 903913.2

5.5Jan-16 90 734014.5

3.2Dec-15 83 1223924.7

5.1Nov-15 89 834224.7

4.5Oct-15 102 1004474.4

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l Page 1 9000 Forest Crossing, The Woodlands, Texas 77381 Office: 281.367.3531 or 800.932.7253

Spring | 77386 | Homes Sales Real Estate Report

Months Supply Of “For Sale” Listing Inventory – November 5th, 2017 Q. Is it a Seller’s Market or a Buyer’s Market? A. According to real estate economists a six-month supply of For Sale Inventory represents a balanced market. Over six months of For Sale Inventory indicates a buyer’s market. Less than six months of inventory is considered a seller’s market. Here’s a break down by price. Months Supply Active Listings October Listings Price Range Of Listing Inventory On November 5th Under Contract $000,000 – $200,000 1.5 Months 51 29 $200,001 – $300,000 2.9 Months 120 45 $300,001 – $400,000 3.7 Months 83 18 $400,001 – $500,000 4.2 Months 36 7 $500,001 – $600,000 6.0 Months 17 4 $600,001 – $700,000 4.4 Months 7 1 $700,001 – $800,000 10.6 Months 15 0 $800,001 – $900,000 9.0 Months 9 0 $900,001 – $1,000,000 6.0 Months 3 0 $1,000,001+ 4.4 Months 4 0 All Price Ranges 3.0 Months 345 110 What does this mean? For Buyers: When shopping seller’s-market price ranges, when you find something you love, don’t hesitate to submit an offer. When shopping buyer’s market price ranges the services of a knowledgeable negotiator will help you secure the very best price and terms. What ever your price range, for the best possible price and terms call us today – 281-367-3531 For Sellers: In a buyer’s market you’ll need maximum exposure, fierce marketing and a skilled negotiator to help you win. To sell your property for HIGHEST possible price and the BEST possible terms call us today – 281-367-3531.

Closing Thoughts: While mulling over these inventory numbers, keep in mind these figures represent big averages across the 77386 zip code. Real estate is hyper local in nature and market conditions for your specific property, in your specific neighborhood may be different that the big average you see above.

To find out what’s happening in your neighborhood, contact us and we’ll provide you with an up to the minute, on-target Months Supply of Inventory report. Give us a call and we’ll send you your free report – pronto.

77386 Home Sales Report - November 2017

Real Estate

Transcript of 77386 Home Sales Report - November 2017