Real Estate Report - The Woodlands TX October 2012

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  • 1. Real%Estate%Sales%Report%The%Woodlands,%TX%|%September/October%2012 %Homes%Sales%Month?To%Month%2008/2012%LisCng%Inventory%Month?To?Month%2008/2012%Average%Sold%Price%/%Median%Sold%Price%%Month%By%Month%Average%Price%Per%Square%Foot%%Month%By%Month%281-367-3531Average%Days%On%Market%%Month%By%Month% 9000 Forest Crossing DriveMonths%Supply%of%For%Sale%Inventory%%Month%By%Month%The Woodlands, TX 77381

2. The Woodlands Texas Real Estate ReportProperties Placed Under Contract - Month to Month / 2008 to 2012400323325303 275265 267239250 196 173175139Jan Feb MarAprMay Jun Jul Aug SepOct Nov Dec2012 2011 2010 2009 2008 Jan FebMar Apr MayJunJul AugSep OctNovDec 2012139 196275 303 323265267 239173 2011161 145236 232 265272245 212182 153122125 2010111 166224 269 188177194 175167 167121126 2009114 158172 207 224224229 173169 156120109 2008179 185201 259 273247214 187117 126109100Better Homes And Gardens Real Estate Gary Greene - 9000 Forest Crossing, The Woodlands Texas / 281-367-3531Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family/TheWoodlands TX 3. The Woodlands Texas Real Estate Report Unsold Listing Inventory - Month to Month / 2008 to 201213001113 925 738685 695695 699 665 668660 634 568 550 Jan FebMarAprMayJunJul Aug SepOct Nov Dec Category Title 2012201120102009 2008 Jan FebMar AprMay JunJulAug Sep Oct Nov Dec 2012685 695 695 699 665668 660 634568 2011874 95610011045 1060 990 952 951875 854 803 746 2010699 776 837 918 928 1001108411071058988 878 869 2009762 819 831 890 931920 973 933863 807 783 746 2008602 675 729 774 885858 910 909880 800 813 799Better Homes And Gardens Real Estate Gary Greene - 9000 Forest Crossing, The Woodlands Texas / 281-367-3531 Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family/TheWoodlands TX 4. Sold Average vs. Median Price 2 Years (Monthly) 09/01/10 - 09/30/12KEY INFORMATIONAverage549.810.1613,195.453.76Median 921.810.3522,123.358.50MLS: HAR Period:2 Years (Monthly) Price: All Construction Type:All Bedrooms: All Bathrooms:All Lot Size: AllProperty Types:Single-Family: (Free Standing, Patio Home)Sq Ft:AllSublocations:1071 of 210/02/12 Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2012 - 2013 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 5. Market DynamicsBHGRE Gary GreeneSold Average vs. Median Price 2 Years (Monthly) 09/01/10 - 09/30/12Time Period # Properties SoldSold Average $Sold Median $Average $ - Median $Median $ as % of Average $Sold Avg DOMSep-12 196322,209257,250 64,95979.8 49Aug-12 258349,057269,600 79,45777.2 53Jul-12 239384,803310,500 74,30380.7 56Jun-12 304385,135300,500 84,63578.0 48May-12 275369,610295,950 73,66080.1 63Apr-12 211360,656265,375 95,28173.6 68Mar-12 190366,555291,000 75,55579.4 65Feb-12 112341,316283,850 57,46683.2 76Jan-1297428,281258,000170,28160.2 78Dec-11 153374,040293,770 80,27078.5 80Nov-11 131326,620253,000 73,62077.5 80Oct-11 155304,773229,000 75,77375.1 72Sep-11 179377,317249,000128,31766.0 65Aug-11 273393,468272,000121,46869.1 77Jul-11 248313,247261,511 51,73683.5 74Jun-11 241357,016285,000 72,01679.8 69May-11 217370,895299,000 71,89580.6 71Apr-11 179324,962262,000 62,96280.6 77Mar-11 164402,373267,500134,87366.5 85Feb-11 114358,029285,495 72,53479.7102Jan-1190364,473272,500 91,97374.8 90Dec-10 151343,298260,000 83,29875.7 93Nov-10 150300,939235,500 65,43978.3 76Oct-10 138361,357244,450116,90767.6 79Sep-10 160364,563281,500 83,06377.2 792 of 2 10/02/12 Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2012 - 2013 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 6. Average $/SQFT (Sold) 2 Years (Monthly) 09/01/10 - 09/30/12KEY INFORMATIONSold $/SQFT0.160.133.78 3.23MLS: HAR Period: 2 Years (Monthly)Price: All Construction Type:All Bedrooms: All Bathrooms:All Lot Size: AllProperty Types:Single-Family: (Free Standing, Patio Home)Sq Ft:AllSublocations:1071 of 210/02/12 Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2012 - 2013 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 7. Market Dynamics BHGRE Gary GreeneAverage $/SQFT (Sold)2 Years (Monthly) 09/01/10 - 09/30/12 FOR SALE UNDER CONTRACTSOLD EXPIRED NEW LISTINGSTime Avg$/ Avg$/Avg$/Avg$/Avg$/Period#Avg $SQFT SQFT # Avg $ SQFT SQFT # Avg $SQFT SQFT# Avg $ SQFT SQFT# Avg $ SQFT SQFTSep-12831 597,3123,493171177378,4062,898131196322,2092,819114 79 483,0993,338145183434,776 3,053 142Aug-12 1,000561,4893,424164238362,6982,940123258349,0572,932119114 511,9673,335153294397,428 2,996 132Jul-12 1,054549,1833,425160245349,0902,950118239384,8033,138123103 472,4953,343141317422,863 3,140 135Jun-12 1,091555,8093,430162239393,5393,014131304385,1353,110124115 587,3133,543166333446,754 3,174 141May-12 1,147531,6563,398156288378,9983,070123275369,6103,077120101 426,1253,244131356386,835 3,075 126Apr-12 1,151543,1713,431158281407,9223,159129211360,6562,989121 79 486,9313,272149371426,059 3,137 136Mar-12 1,118538,5523,431157256390,9333,090127190366,5553,091119 82 425,6183,165134373402,141 3,100 130Feb-12 1,006548,3653,456159180357,3602,973120112341,3163,058112 81 434,9103,240134252409,191 3,113 131Jan-12974 563,1383,517160130393,5093,106127 97428,2813,188134 90 542,2473,662148239435,823 3,242 134Dec-11969 571,1583,523162123429,8333,147137153374,0403,064122111 506,7283,390149158475,897 3,304 144Nov-11 1,040546,3283,464158114383,9613,031127131326,6202,861114115 401,3033,173127176471,711 3,057 154Oct-11 1,123519,7453,425152142342,7372,900118155304,7732,816108117 426,0243,162135209435,107 3,210 136Sep-11 1,198505,2423,384149163339,4242,849119179377,3172,995126121 472,8693,421137268399,936 3,095 129Aug-11 1,272492,3613,324148197336,9422,821119273393,4683,102127145 426,2693,087135264374,190 3,023 124Jul-11 1,381490,3023,314148233411,7703,104133248313,2472,884109140 383,3363,024127318392,700 3,037 129Jun-11 1,460486,9013,310147250386,3283,048127241357,0163,004119147 422,2153,128135358412,887 3,157 131May-11 1,472480,1673,292146240366,7172,994122217370,8953,110119130 428,7013,275131362385,614 3,081 125Apr-11 1,440483,4693,290147215358,4872,974121179324,9622,883113115 451,3753,192141394434,331 3,185 136Mar-11 1,379474,7733,255146215388,8333,092126164402,3733,160127118 390,1942,893135417418,645 3,074 136Feb-11 1,195481,6893,282147132370,6593,003123114358,0293,120115101 460,9423,153146272389,286 3,045 128Jan-11 1,175482,4413,290146146407,5813,125130 90364,4732,996122106 354,9862,985119267370,965 2,998 124Dec-10 1,157487,8243,292148111370,9753,017123151343,2983,001114138 401,5512,962136169512,385 3,322 154Nov-10 1,235467,3873,250144116359,7292,952122150300,9392,726110131 440,2653,234136218376,171 2,999 125Oct-10 1,324455,0143,222141148340,7522,848120138361,3573,026119159 357,1703,047117250387,392 3,047 127Sep-10 1,379457,9573,232141154403,3753,001132160364,5633,021118151 422,5993,249130264377,982 3,018 125 2 of 210/02/12Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2012 - 2013 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 8. Average DOM for Under Contract Properties2 Years (Monthly) 09/01/10 - 09/30/12KEY INFORMATIONDOM-1.58-1.75-37.99-41.99MLS: HAR Period: 2 Years (Monthly)Price: All Construction Type:All Bedrooms: All Bathrooms:All Lot Size: AllProperty Types:Single-Family: (Free Standing, Patio Home)Sq Ft:AllSublocations:1071 of 210/02/12 Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2012 - 2013 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 9. Market DynamicsBHGRE Gary GreeneAverage DOM for Under Contract Properties 2 Years (Monthly) 09/01/10 - 09/30/12Time # UnderPeriodContract Avg DOMAvg CDOMSep-12177 45 72Aug-12238 50 67Jul-12245 49 70Jun-12239 57 89May-12288 55 92Apr-12281 54 81Mar-12256 68 113Feb-12180 63 92Jan-12130 82 144Dec-11123 65 114Nov-11114 91 130Oct-11142 69 94Sep-11163 75 113Aug-11197 74 108Jul-11233 73 102Jun-11250 77 119May-11240 64 100Apr-11215 73 100Mar-11215 75 123Feb-11132 77 134Jan-11146 102154Dec-10111 102156Nov-10116 89 125Oct-10148 72 106Sep-10154 83 138 2 of 210/02/12Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2012 - 2013 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 10. Average $/SQFT (Sold) 2 Years (Monthly) 09/01/10 - 09/30/12KEY INFORMATIONSold $/SQFT0.160.133.78 3.23MLS: HAR Period: 2 Years (Monthly)Price: All Construction Type:All Bedrooms: All Bathrooms:All Lot Size: AllProperty Types:Single-Family: (Free Standing, Patio Home)Sq Ft:AllSublocations:1071 of 210/02/12 Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2012 - 2013 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 11. Market Dynamics BHGRE Gary GreeneAverage $/SQFT (Sold)2 Years (Monthly) 09/01/10 - 09/30/12 FOR SALE UNDER CONTRACTSOLD EXPIRED NEW LISTINGSTime Avg$/ Avg$/Avg$/Avg$/Avg$/Period#Avg $SQFT SQFT # Avg $ SQFT SQFT # Avg $SQFT SQFT# Avg $ SQFT SQFT# Avg $ SQFT SQFTSep-12831 597,3123,493171177378,4062,898131196322,2092,819114 79 483,0993,338145183434,776 3,053 142Aug-12 1,000561,4893,424164238362,6982,940123258349,0572,932119114 511,9673,335153294397,428 2,996 132Jul-12 1,054549,1833,425160245349,0902,950118239384,8033,138123103 472,4953,343141317422,863 3,140 135Jun-12 1,091555,8093,430162239393,5393,014131304385,1353,110124115 587,3133,543166333446,754 3,174 141May-12 1,147531,6563,398156288378,9983,070123275369,6103,077120101 426,1253,244131356386,835 3,075 126Apr-12 1,151543,1713,431158281407,9223,159129211360,6562,989121 79 486,9313,272149371426,059 3,137 136Mar-12 1,118538,5523,431157256390,9333,090127190366,5553,091119 82 425,6183,165134373402,141 3,100 130Feb-12 1,006548,3653,456159180357,3602,973120112341,3163,058112 81 434,9103,240134252409,191 3,113 131Jan-12974 563,1383,517160130393,5093,106127 97428,2813,188134 90 542,2473,662148239435,823 3,242 134Dec-11969 571,1583,523162123429,8333,147137153374,0403,064122111 506,7283,390149158475,897 3,304 144Nov-11 1,040546,3283,464158114383,9613,031127131326,6202,861114115 401,3033,173127176471,711 3,057 154Oct-11 1,123519,7453,425152142342,7372,900118155304,7732,816108117 426,0243,162135209435,107 3,210 136Sep-11 1,198505,2423,384149163339,4242,849119179377,3172,995126121 472,8693,421137268399,936 3,095 129Aug-11 1,272492,3613,324148197336,9422,821119273393,4683,102127145 426,2693,087135264374,190 3,023 124Jul-11 1,381490,3023,314148233411,7703,104133248313,2472,884109140 383,3363,024127318392,700 3,037 129Jun-11 1,460486,9013,310147250386,3283,048127241357,0163,004119147 422,2153,128135358412,887 3,157 131May-11 1,472480,1673,292146240366,7172,994122217370,8953,110119130 428,7013,275131362385,614 3,081 125Apr-11 1,440483,4693,290147215358,4872,974121179324,9622,883113115 451,3753,192141394434,331 3,185 136Mar-11 1,379474,7733,255146215388,8333,092126164402,3733,160127118 390,1942,893135417418,645 3,074 136Feb-11 1,195481,6893,282147132370,6593,003123114358,0293,120115101 460,9423,153146272389,286 3,045 128Jan-11 1,175482,4413,290146146407,5813,125130 90364,4732,996122106 354,9862,985119267370,965 2,998 124Dec-10 1,157487,8243,292148111370,9753,017123151343,2983,001114138 401,5512,962136169512,385 3,322 154Nov-10 1,235467,3873,250144116359,7292,952122150300,9392,726110131 440,2653,234136218376,171 2,999 125Oct-10 1,324455,0143,222141148340,7522,848120138361,3573,026119159 357,1703,047117250387,392 3,047 127Sep-10 1,379457,9573,232141154403,3753,001132160364,5633,021118151 422,5993,249130264377,982 3,018 125 2 of 210/02/12Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2012 - 2013 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 12. The Woodlands Texas Real Estate Report Months Supply Of For Sale Listing Inventory October 1, 2012Is it a Buyers Market or a Sellers Market?According to real estate economists a six-month supply of For Sale Inventory represents a balanced market. Ahigher number means its leaning towards a buyers market, less than six months, would indicate a sellers market.As we can see from these inventory numbers, in price ranges below $900,000 there is an under supply of selection.PRICE RANGE. . . . . . MONTHS SUPPLY OF LISTING INVENTORY$000,000 $200,000 . . . . . . . . . . . . . . . . . . . . 2.3$200,001 $300,000 . . . . . . . . . . . . . . . . . . . . 2.3$300,001 $400,000 . . . . . . . . . . . . . . . . . . . . 2.3$400,001 $500,000 . . . . . . . . . . . . . . . . . . . . 2.5$500,001 $600,000 . . . . . . . . . . . . . . . . . . . . 2.9$600,001 $700,000 . . . . . . . . . . . . . . . . . . . . 3.5$700,001 $800,000 . . . . . . . . . . . . . . . . . . . . 4.6$800,001 $900,000 . . . . . . . . . . . . . . . . . . . . 4.1$900,001 $1,000,000 . . . . . . . . . . . . . . . . . . . 7.0$1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.9What does this mean?For buyers: When you find something you love, dont hesitate to submit an offer. If you snooze you lose out.For sellers: If you were thinking of selling, due to lack of inventory and an abundance of qualified buyers, nowwould be a smart time to sell. Three key factors that impact salability are merchandising (staging), broadcastmarketing and competitive pricing. Correctly tweak and amplify these three factors and youll be one of thesuccessful sellers attracting a qualified buyer. Ignore these salability factors and the property will languish unsold,even in a strong market. Position your property competitively in todays market and youll be packing before youknow it.Closing thoughts.While mulling over these inventory numbers, keep in mind these figures represent big averages across TheWoodlands. Real estate is hyper local in nature and market conditions for your specific property, in your specificneighborhood may be different that the big average you see above. To find out whats happening in yourneighborhood, contact us and well provide you with an up to the minute, on-target Months Supply of Inventoryreport. Give us a call and well send you your free report pronto. Page 19000 Forest Crossing The Woodlands, Texas 77381 Office: 281.367.3531 or 800.932.7253 13. Months Supply of Inventory (UC Calculation)2 Years (Monthly) 09/01/10 - 09/30/12KEY INFORMATIONMSI-UC -0.19-2.62-4.66 -62.83MLS: HAR Period: 2 Years (Monthly)Price: All Construction Type:All Bedrooms: All Bathrooms:All Lot Size: AllProperty Types:Single-Family: (Free Standing, Patio Home)Sq Ft:AllSublocations:1071 of 210/02/12 Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2012 - 2013 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 14. Market DynamicsBHGRE Gary GreeneMonths Supply of Inventory (UC Calculation) 2 Years (Monthly) 09/01/10 - 09/30/12Time # For Sale Last # UnderPeriodMSINAR MSI Day of MonthContract# SoldSep-12 3.2 2.9575 177 196Aug-12 2.7 2.5648 238 258Jul-12 2.9 3.0706 245 239Jun-12 3.1 2.4737 239 304May-12 2.6 2.8758 288 275Apr-12 2.8 3.7791 281 211Mar-12 3.0 4.1780 256 190Feb-12 4.1 6.7745 180 112Jan-12 5.8 7.8754 130 97Dec-11 6.0 4.8735 123 153Nov-11 7.1 6.2811 114 131Oct-11 6.1 5.6864 142 155Sep-11 5.6 5.1914 163 179Aug-11 4.7 3.4930 197 273Jul-11 4.3 4.11,008 233 248Jun-11 4.3 4.41,063 250 241May-11 4.6 5.11,102 240 217Apr-11 5.2 6.21,110 215 179Mar-11 4.9 6.41,046 215 164Feb-11 7.3 8.4962 132 114Jan-11 6.3 10.3 923 146 90Dec-10 8.2 6.0908 111 151Nov-10 8.5 6.6988 116 150Oct-10 6.9 7.41,017 148 138Sep-10 7.0 6.71,074 154 160 2 of 210/02/12Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2012 - 2013 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 15. Market Share TotalsBHGRE Gary GreeneMLS: HAR Date: 01/01/2012 - 10/02/2012Type: CMSStatus: Sold Price: All Construction Type: All Bedrooms: All Bathrooms: AllProperty Types:Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)Sublocations:1071 of 2 10/02/12 Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2012 - 2013 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