Spring 77386 Home Sales Report - February 2017

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

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

281-367-3531

KEY INFORMATION

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

Market Dynamics BHGRE Gary GreeneSold Average vs. Median Price

Monthly % Total % Change

17.790.30

Monthly Change

1,567.85Median

Total ChangeAverage 801.48 19,235.50 7.17

37,628.370.74

ZIP Codes:All

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

HAR AllAll AllAllAll Lot Size:Bedrooms:Property Types:

77386

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

02/15/17BrokerMetrics®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) 01/01/15 - 01/31/17

Market DynamicsSold Average vs. Median Price

Time Period # Properties Sold Sold Average $ Sold Median $ Sold Avg DOMAverage $ - Median $ Median $ as % of Average $61Jan-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 55107Sep-15 273,669 85.9235,000 38,669 55133Aug-15 282,538 81.4229,900 52,638 43137Jul-15 304,688 78.0237,500 67,188 44131Jun-15 283,661 84.4239,500 44,161 55111May-15 311,157 74.4231,550 79,607 50105Apr-15 279,577 77.4216,500 63,077 52

99Mar-15 269,214 79.5214,000 55,214 5185Feb-15 262,715 83.0218,000 44,715 5847Jan-15 249,899 78.4196,000 53,899 46


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Market DynamicsAverage $/SQFT (FS, Sold)

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

BHGRE Gary Greene

Price:

-0.16

AllAll All

0.12-4.76

Property Types:HAR

Sold $/SQFTFor Sale $/SQFT

MLS: All

0.12

Bathrooms:

-0.20

All

2.822.92

Construction Type:

Total Change

Sq Ft:

Monthly Change

2 Years (Monthly)

ZIP Codes:

All

-3.91

Lot Size:Period:

Monthly %

Bedrooms:

KEY INFORMATION

Total % Change

Single-Family: (Residential)77386

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

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

119Jan-17 500 3,092367,426 110 308,067 2,797 110 61 43 129297,363 401,218 349,3832,730 109 3,304 121 2,984 117118Dec-16 476 3,088364,188 60 306,656 2,788 110 108 45 91310,466 362,484 308,9492,813 110 3,142 115 2,833 109120Nov-16 536 3,070367,257 99 317,593 2,707 117 125 52 121286,904 387,865 327,8722,718 106 3,177 122 2,818 116118Oct-16 581 3,045359,669 115 300,127 2,721 110 112 51 152287,435 338,736 300,4772,732 105 2,975 114 2,704 111117Sep-16 613 3,089362,960 118 300,695 2,764 109 126 66 183281,730 359,357 321,4042,725 103 3,178 113 2,843 113116Aug-16 620 3,075357,434 126 291,107 2,718 107 144 64 167295,311 332,060 324,7622,745 108 2,971 110 2,842 114115Jul-16 641 3,053351,764 134 293,681 2,695 109 136 54 172272,120 347,296 300,8642,622 104 3,041 114 2,761 109116Jun-16 666 3,068356,243 142 306,768 2,729 112 150 55 216278,558 362,984 297,4702,603 107 3,156 115 2,790 107118May-16 657 3,061362,822 153 295,117 2,634 112 125 54 203266,842 374,391 325,5652,578 104 3,102 121 2,854 114118Apr-16 616 3,051359,180 117 269,769 2,592 104 125 45 216281,090 386,841 325,0352,674 105 3,209 121 2,816 115117Mar-16 584 3,064359,588 132 278,763 2,597 107 109 52 193275,141 426,057 311,3852,611 105 3,387 124 2,789 112118Feb-16 559 3,058362,419 121 283,781 2,553 111 90 47 158248,294 390,482 314,9852,390 104 3,174 123 2,826 111119Jan-16 534 3,038361,175 90 268,510 2,487 108 73 43 142267,086 369,236 298,4252,593 103 3,155 117 2,713 110121Dec-15 520 3,121379,845 83 284,491 2,650 107 122 45 98281,293 520,352 306,4502,713 104 3,677 142 2,725 112121Nov-15 568 3,119379,466 89 286,709 2,684 107 83 57 121245,259 395,306 343,6542,420 101 3,104 127 2,958 116120Oct-15 598 3,041365,285 102 252,785 2,410 105 100 49 143256,528 381,659 324,9712,547 101 3,251 120 2,856 115120Sep-15 639 3,047365,029 109 285,336 2,697 106 107 75 169273,669 402,436 315,4402,664 103 3,246 124 2,795 113120Aug-15 635 3,023363,342 106 258,780 2,456 105 133 59 182282,538 395,713 304,5282,604 108 3,129 126 2,716 112120Jul-15 615 3,059368,683 121 306,162 2,734 112 137 41 216304,688 351,130 299,6512,824 108 3,051 115 2,677 111120Jun-15 573 3,132376,924 128 303,973 2,734 111 131 46 190283,661 327,252 331,7032,646 107 3,099 106 2,833 117121May-15 556 3,175383,354 124 294,936 2,685 110 111 49 186311,157 482,018 332,9492,868 108 3,584 134 2,914 114121Apr-15 537 3,168382,014 120 295,964 2,688 110 105 47 198279,577 391,690 304,5742,590 108 3,312 118 2,798 109124Mar-15 490 3,188394,236 127 301,155 2,669 113 99 24 177269,214 420,545 352,7652,627 102 3,152 133 2,957 119122Feb-15 422 3,188387,473 85 275,047 2,665 103 85 24 120262,715 391,597 339,1372,582 102 3,345 117 2,966 114120Jan-15 411 3,097371,807 86 251,388 2,453 102 47 23 147249,899 364,183 306,2042,477 101 3,138 116 2,767 111


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BHGRE Gary GreeneMarket Dynamics

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

Monthly %1.06

77386

Total % Change

Sq Ft:Bathrooms:All All

DOM

Construction Type:

ZIP Codes:

Period:Property Types:

25.48 55.09Monthly Change

2.30

Lot Size:All

KEY INFORMATION

Single-Family: (Residential) AllHAR AllBedrooms:

Total Change

AllMLS: Price:2 Years (Monthly)

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02/15/17

Average DOM for Under Contract PropertiesMarket Dynamics BHGRE Gary Greene

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

Period Avg DOM Avg CDOMContract# UnderTime

74Jan-17 11090Dec-16 6066Nov-16 9961Oct-16 11571Sep-16 11856Aug-16 12669Jul-16 13461Jun-16 14262May-16 15364Apr-16 11757Mar-16 13250Feb-16 12159Jan-16 9062Dec-15 8364Nov-15 8950Oct-15 10259Sep-15 10953Aug-15 10643Jul-15 12150Jun-15 12853May-15 12447Apr-15 12048Mar-15 12746Feb-15 8559Jan-15 86

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l Page 1 9000 Forest Crossing, The Woodlands, Texas 77381 Office: 281.367.3531 or 800.932.7253 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 – February 15th, 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 February 15th January Price Range Of Listing Inventory Active Listings Under Contract $000,000 – $200,000 0.8 Months 33 27 $200,001 – $300,000 3.1 Months 126 41 $300,001 – $400,000 5.0 Months 94 24 $400,001 – $500,000 5.1 Months 43 10 $500,001 – $600,000 5.5 Months 21 4 $600,001 – $700,000 3.2 Months 10 0 $700,001 – $800,000 5.2 Months 10 1 $800,001 – $900,000 8.0 Months 6 1 $900,001 – $1,000,000 24.0 Months 11 0 $1,000,001+ 14.7 Months 11 1 All Price Ranges 3.1 Months 365 109 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.

Months Supply of Inventory (Sold Calculation)Market Dynamics

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

BHGRE Gary Greene

ZIP Codes:

-10.22

Price:HAR Bedrooms:Period:

Monthly %MSI-Sold

2 Years (Monthly)

77386

-0.43

Single-Family: (Residential)

Total % Change

Property Types:

KEY INFORMATION

AllAll Lot Size:All

-0.42Monthly Change

-0.02Total 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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02/15/17

BHGRE Gary GreeneMarket DynamicsMonths Supply of Inventory (Sold Calculation)

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

Period NAR MSI # SoldMSI# For Sale Last

Day of Month# UnderContract

Time

5.7Jan-17 110 613473.2

3.4Dec-16 60 1083716.2

3.1Nov-16 99 1253853.9

3.7Oct-16 115 1124153.6

3.4Sep-16 118 1264293.6

3.0Aug-16 126 1444303.4

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

4.3Sep-15 109 1074554.2

3.5Aug-15 106 1334704.4

3.3Jul-15 121 1374533.7

3.0Jun-15 128 1313993.1

3.5May-15 124 1113833.1

3.5Apr-15 120 1053703.1

3.4Mar-15 127 993392.7

3.7Feb-15 85 853133.7

6.4Jan-15 86 473023.5

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Spring 77386 Home Sales Report - February 2017

Real Estate

Transcript of Spring 77386 Home Sales Report - February 2017