Bulman Real Estate 2600 South Shore Blvd #300 League City, TX. 77573 281.450.8689 jb@jeffbulman.com

Luxury Market Report September 2014 - Galveston County, Texas

JEFF BULMAN, BROKER / OWNER $200,000,000 in real estate sales

Degree in Real Estate Certified Residential Specialist

Corporate Relocation Specialist Member of the Institute for Luxury Home Marketing

Member of the National Association of Realtors Member of the Texas Association of Realtors

Member of the Houston Association of Realtors

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Sep-2013 vs Sep-2014: The number of Sold properties is up 50%Sold Properties by Month

Bulman Real Estate | 281.450.8689

Sep-2013 vs. Sep-2014

Jeff Bulman

&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

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MLS: HAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:500000+

Counties:Property Types: : Single-Family

GalvestonPrice:

Sold Properties by MonthSep-2013 vs Sep-2014: The number of Sold properties is up 50%

Bulman Real Estate | 281.450.8689Jeff Bulman

Time Period

Full Market

Units Median Price Avg DOM

Bank Properties

Units % Bank Median Price

Non-Bank Properties

Units % Non-Bank Median PriceSep-14 617,50024 88 0 0.0 24 100.0 617,500

Aug-14 646,87028 94 0 0.0 28 100.0 646,870

Jul-14 635,00030 98 0 0.0 30 100.0 635,000

Jun-14 615,00025 59 0 0.0 25 100.0 615,000

May-14 632,50028 121 1 3.6 525,000 27 96.4 640,000

Apr-14 602,23618 93 0 0.0 18 100.0 602,236

Mar-14 589,00021 91 0 0.0 21 100.0 589,000

Feb-14 582,00016 111 0 0.0 16 100.0 582,000

Jan-14 645,00013 85 0 0.0 13 100.0 645,000

Dec-13 624,05818 89 0 0.0 18 100.0 624,058

Nov-13 567,0439 138 0 0.0 9 100.0 567,043

Oct-13 675,00023 196 0 0.0 23 100.0 675,000

Sep-13 589,50016 101 0 0.0 16 100.0 589,500

&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

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Sep-2013 vs Sep-2014: The number of Under Contract properties is up 5%Under Contract Properties by Month

Bulman Real Estate | 281.450.8689

Sep-2013 vs. Sep-2014

Jeff Bulman

&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

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AllBathrooms: SqFt:All

: Single-Family

All Square FootageConstruction Type: Lot Size:HAR

Galveston

Period: 1 Year MonthlyPrice:MLS:

All All500000+

Property Types:

Bedrooms:

Counties:

Under Contract Properties by MonthSep-2013 vs Sep-2014: The number of Under Contract properties is up 5%

Bulman Real Estate | 281.450.8689Jeff Bulman

Median Price UnitsUnits Median Price% Non-Bank

Full Market

% BankAvg DOMMedian Price

Bank Properties

Units

Non-Bank Properties

Time PeriodSep-14 651,95020 146 651,950100.0200.00Aug-14 625,00027 90 625,000100.0270.00Jul-14 674,45032 103 674,450100.0320.00Jun-14 660,00023 93 660,000100.0230.00May-14 689,00029 76 689,000100.0290.00Apr-14 649,00023 118 637,00095.722699,9004.31Mar-14 639,00023 102 639,000100.0230.00Feb-14 629,50016 97 629,500100.0160.00Jan-14 589,45018 108 589,450100.0180.00Dec-13 637,00014 88 637,000100.0140.00Nov-13 625,00017 86 625,000100.0170.00Oct-13 799,00013 130 799,000100.0130.00Sep-13 615,00019 182 615,000100.0190.00

&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

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Sep-2013 vs Sep-2014: The number of New properties is up 3%New Properties by Month

Bulman Real Estate | 281.450.8689

Sep-2013 vs. Sep-2014

Jeff Bulman

&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

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MLS: HAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:500000+

Counties:Property Types: : Single-Family

GalvestonPrice:

New Properties by MonthSep-2013 vs Sep-2014: The number of New properties is up 3%

Bulman Real Estate | 281.450.8689Jeff Bulman

Median Price UnitsUnits Median Price% Non-Bank

Full Market

% BankMedian Price

Bank Properties

Units

Non-Bank Properties

Time PeriodSep-14 738,95036 1 2.8 748,900 35 97.2 729,000Aug-14 641,83250 1 2.0 719,900 49 98.0 640,000Jul-14 654,74464 0 0.0 64 100.0 654,744Jun-14 629,00051 0 0.0 51 100.0 629,000May-14 682,00058 0 0.0 58 100.0 682,000Apr-14 649,50060 0 0.0 60 100.0 649,500Mar-14 669,00045 0 0.0 45 100.0 669,000Feb-14 699,00049 0 0.0 49 100.0 699,000Jan-14 650,00033 0 0.0 33 100.0 650,000Dec-13 625,00023 1 4.3 515,000 22 95.7 632,450Nov-13 674,25032 0 0.0 32 100.0 674,250Oct-13 699,00043 0 0.0 43 100.0 699,000Sep-13 997,00035 1 2.9 699,900 34 97.1 997,750

&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

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Sep-2013 vs Sep-2014: The number of For Sale properties is up 18%For Sale Properties by Month

Bulman Real Estate | 281.450.8689

Sep-2013 vs. Sep-2014

Jeff Bulman

&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: HAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:500000+

Counties:Property Types: : Single-Family

GalvestonPrice:

For Sale Properties by MonthSep-2013 vs Sep-2014: The number of For Sale properties is up 18%

Bulman Real Estate | 281.450.8689Jeff Bulman

Median Price UnitsUnits Median Price% Non-Bank

Full Market

% BankAvg DOMMedian Price

Bank Properties

Units

Non-Bank Properties

Time PeriodSep-14 700,000334 179 2 0.6 734,400 332 99.4 699,995Aug-14 691,700344 167 1 0.3 719,900 343 99.7 688,400Jul-14 699,000346 160 0 0.0 346 100.0 699,000Jun-14 699,900328 163 0 0.0 328 100.0 699,900May-14 709,950328 165 0 0.0 328 100.0 709,950Apr-14 732,000310 170 2 0.6 607,450 308 99.4 734,450Mar-14 734,900295 182 2 0.7 607,450 293 99.3 739,000Feb-14 749,000286 185 2 0.7 607,450 284 99.3 749,000Jan-14 739,495270 194 2 0.7 607,450 268 99.3 741,245Dec-13 732,000278 193 2 0.7 607,450 276 99.3 734,000Nov-13 730,000285 174 1 0.4 699,900 284 99.6 732,000Oct-13 736,500290 175 2 0.7 637,450 288 99.3 740,750Sep-13 732,000284 180 2 0.7 637,450 282 99.3 734,000

&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

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Sep-2013 vs Sep-2014: The number of Expired properties is up 50%Expired Properties by Month

Bulman Real Estate | 281.450.8689

Sep-2013 vs. Sep-2014

Jeff Bulman

10/13/2014&ODUXV�0DUNHW0HWULFV� 1/2

MLS: HAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:500000+

Counties:Property Types: : Single-Family

GalvestonPrice:

Expired Properties by MonthSep-2013 vs Sep-2014: The number of Expired properties is up 50%

Bulman Real Estate | 281.450.8689Jeff Bulman

Median Price Units% BankAvg DOMUnits Median Price

Bank Properties

Units

Non-Bank Properties

% Non-Bank Median Price

Full Market

Sep-14 734,90027 262 0 0.0 27 100.0 734,900Aug-14 675,00019 161 0 0.0 19 100.0 675,000Jul-14 640,00020 192 0 0.0 20 100.0 640,000Jun-14 685,00023 197 0 0.0 23 100.0 685,000May-14 689,45022 241 0 0.0 22 100.0 689,450Apr-14 689,50017 228 1 5.9 515,000 16 94.1 724,750Mar-14 748,00022 277 0 0.0 22 100.0 748,000Feb-14 772,25020 252 0 0.0 20 100.0 772,250Jan-14 664,05015 260 0 0.0 15 100.0 664,050Dec-13 650,00027 244 0 0.0 27 100.0 650,000Nov-13 699,00013 177 0 0.0 13 100.0 699,000Oct-13 724,25024 276 1 4.2 575,000 23 95.8 749,500Sep-13 687,00018 251 0 0.0 18 100.0 687,000

&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

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Sep-2013 vs Sep-2014: The number of for sale properties is up 18% and the number of sold properties is up 50%

Bulman Real Estate | 281.450.8689

Sep-2013 vs. Sep-2014

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Jeff Bulman

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Supply & Demand by Month

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Sep-2013 vs. Sep-2014

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&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: HAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:500000+

Counties:Property Types: : Single-Family

GalvestonPrice:

Supply & Demand by MonthSep-2013 vs Sep-2014: The number of for sale properties is up 18% and the number of sold properties is up 50%

Jeff Bulman Bulman Real Estate | 281.450.8689

For Sale Sold# Properties

Avg DOM Avg DOM# Properties

Time Period

Sep-14 179 88334 24Aug-14 167 94344 28Jul-14 160 98346 30Jun-14 163 59328 25May-14 165 121328 28Apr-14 170 93310 18Mar-14 182 91295 21Feb-14 185 111286 16Jan-14 194 85270 13Dec-13 193 89278 18Nov-13 174 138285 9Oct-13 175 196290 23Sep-13 180 101284 16

&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

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Sep-2013 vs Sep-2014: The average days on market is down -20%The Average Days on Market by Month

Bulman Real Estate | 281.450.8689

Sep-2013 vs. Sep-2014

Jeff Bulman

Galveston500000+ 1 Year Monthly

Counties:Period:Price:

Property Types: : Single-Family

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All Square FootageBedrooms: All AllSqFt:

All Lot Size:Bathrooms:AllConstruction Type:MLS: HAR

The Average Days on Market by MonthSep-2013 vs Sep-2014: The average days on market is down -20%

Bulman Real Estate | 281.450.8689Jeff Bulman

# UC UnitsAvg DOMTime PeriodSep-14 20146Aug-14 2790Jul-14 32103Jun-14 2393May-14 2976Apr-14 23118Mar-14 23102Feb-14 1697Jan-14 18108Dec-13 1488Nov-13 1786Oct-13 13130Sep-13 19182

&ODUXV�0DUNHW0HWULFV� 2/2 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

Sep-2013 vs Sep-2014: The average months supply of inventory is up 10.0%

Bulman Real Estate | 281.450.8689

Sep-2013 vs. Sep-2014

13.0 10.0

Jeff Bulman

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Months Supply of Inventory

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&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: HAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:500000+

Counties:Property Types: : Single-Family

GalvestonPrice:

Months Supply of InventorySep-2013 vs Sep-2014: The average months supply of inventory is up 10.0%

Jeff Bulman Bulman Real Estate | 281.450.8689

During MonthLast Day of Month MSI# Units For Sale # UC Units

UC Avg DOMTime Period

Sep-14 20 146287 14.4Aug-14 27 90298 11.0Jul-14 32 103294 9.2Jun-14 23 93282 12.3May-14 29 76277 9.6Apr-14 23 118270 11.7Mar-14 23 102250 10.9Feb-14 16 97250 15.6Jan-14 18 108237 13.2Dec-13 14 88237 16.9Nov-13 17 86255 15.0Oct-13 13 130253 19.5Sep-13 19 182247 13.0

&ODUXV�0DUNHW0HWULFV� 10/13/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

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