Spring 77386 home sales report october 2016

TheHomeSalesRealEstateReportSpringTX|77386|October,2016AverageSoldPrice/MedianSoldPrice–MonthByMonthAveragePricePerSquareFoot–MonthByMonthAverageDaysOnMarket–MonthByMonthMonthsSupplyofForSaleInventory–MonthByMonth

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

281-367-3531

KEY INFORMATION

2 Years (Monthly) 09/01/14 - 09/30/16

Market Dynamics BHGRE Gary GreeneSold Average vs. Median Price

Monthly % Total % Change

16.960.25

Monthly Change

1,449.32Median

Total ChangeAverage 651.39 15,633.31 5.92

34,783.780.71

77386:All

Bathrooms:Single-Family: (Free Standing, Patio Home) Sq Ft:

HAR AllAll AllAllAll Lot Size:Bedrooms:Property Types:

77386

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

10/06/16BrokerMetrics®Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

© 2016 - 2017 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) 09/01/14 - 09/30/16

Market DynamicsSold Average vs. Median Price

Time Period # Properties Sold Sold Average $ Sold Median $ Sold Avg DOMAverage $ - Median $ Median $ as % of Average $118Sep-16 284,272 89.7255,000 29,272 59144Aug-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 69124May-16 266,510 85.7228,500 38,010 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 4699Dec-14 247,055 85.0209,990 37,065 5290Nov-14 248,031 77.8193,000 55,031 49

117Oct-14 262,930 74.6196,244 66,686 39119Sep-14 271,089 79.7216,000 55,089 41


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Market DynamicsAverage $/SQFT (FS, Sold)

2 Years (Monthly) 09/01/14 - 09/30/16

BHGRE Gary Greene

Price:

-0.14

AllAll All

0.10-4.05

Property Types:HAR

Sold $/SQFTFor Sale $/SQFT

MLS: All

0.10

Bathrooms:

-0.17

All

2.382.45

Construction Type:

Total Change

Sq Ft:

Monthly Change

2 Years (Monthly)

77386:

All

-3.33

Lot Size:Period:

Monthly %

Bedrooms:

KEY INFORMATION

Total % Change

Single-Family: (Free Standing, Patio Home)77386

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Average $/SQFT (FS, Sold)2 Years (Monthly) 09/01/14 - 09/30/16

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

119Sep-16 606 3,097368,516 124 309,397 2,826 109 118 70 182284,272 355,731 330,2312,721 104 3,160 113 2,860 115117Aug-16 615 3,075359,957 127 290,573 2,714 107 144 64 167295,311 332,060 328,3902,741 108 2,971 110 2,840 116116Jul-16 639 3,051353,001 135 294,653 2,697 109 136 56 172272,120 343,883 302,1672,622 104 3,013 114 2,760 109116Jun-16 665 3,066357,294 143 307,979 2,732 113 150 55 216278,558 362,984 297,9942,603 107 3,156 115 2,789 107119May-16 656 3,059363,725 153 295,117 2,634 112 124 54 203266,510 374,391 326,3332,576 103 3,102 121 2,854 114118Apr-16 616 3,050359,786 118 270,017 2,600 104 125 45 216281,090 386,841 325,6672,674 105 3,209 121 2,813 116117Mar-16 584 3,064359,992 132 278,763 2,597 107 109 52 193275,141 426,057 311,4012,611 105 3,387 124 2,789 112118Feb-16 559 3,058362,836 121 283,781 2,553 111 90 47 158248,294 390,482 315,0302,390 104 3,174 123 2,826 111119Jan-16 534 3,038361,599 90 268,510 2,487 108 73 43 142267,086 369,236 299,0342,593 103 3,155 117 2,713 110122Dec-15 520 3,121380,114 83 284,491 2,650 107 122 45 98281,293 520,352 306,6542,713 104 3,677 142 2,725 113121Nov-15 568 3,119379,678 89 286,709 2,684 107 83 57 121245,259 395,306 344,2742,420 101 3,104 127 2,958 116120Oct-15 598 3,041365,360 102 252,785 2,410 105 100 49 143256,528 381,659 325,4612,547 101 3,251 120 2,856 115120Sep-15 639 3,047364,990 109 285,336 2,697 106 107 75 169273,669 402,436 315,4402,664 103 3,246 124 2,795 113120Aug-15 635 3,023363,302 106 258,780 2,456 105 133 59 182282,538 395,713 304,5282,604 108 3,129 126 2,716 112120Jul-15 615 3,059368,642 121 306,162 2,734 112 137 41 216304,688 351,130 299,6512,824 108 3,051 115 2,677 111120Jun-15 573 3,132376,880 128 303,973 2,734 111 131 46 190283,661 327,252 331,5712,646 107 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 111122Dec-14 363 3,164384,936 70 270,054 2,580 105 99 29 89247,055 449,213 288,7082,494 99 3,521 128 2,695 107121Nov-14 382 3,122376,682 81 261,926 2,539 103 90 27 92248,031 319,996 294,6962,434 102 2,889 111 2,702 109119Oct-14 424 3,069365,436 102 250,933 2,470 102 117 32 118262,930 392,786 294,5342,539 104 3,276 120 2,692 110119Sep-14 455 3,038361,596 112 270,795 2,491 109 119 37 141271,089 378,569 294,4272,643 103 3,252 116 2,661 111


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BHGRE Gary GreeneMarket Dynamics

2 Years (Monthly) 09/01/14 - 09/30/16Average DOM for Under Contract Properties

Monthly %0.79

77386

Total % Change

Sq Ft:Bathrooms:All All

DOM

Construction Type:

77386:

Period:Property Types:

18.95 41.46Monthly Change

1.73

Lot Size:All

KEY INFORMATION

Single-Family: (Free Standing, Patio Home) AllHAR AllBedrooms:

Total Change

AllMLS: Price:2 Years (Monthly)

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10/06/16

Average DOM for Under Contract PropertiesMarket Dynamics BHGRE Gary Greene

2 Years (Monthly) 09/01/14 - 09/30/16

Period Avg DOM Avg CDOMContract# UnderTime

72Sep-16 12456Aug-16 12769Jul-16 13562Jun-16 14362May-16 15363Apr-16 11857Mar-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 8657Dec-14 7048Nov-14 8150Oct-14 10239Sep-14 112

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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 – October 6th, 2016 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 October 6th September Price Range Of Listing Inventory Active Listings Under Contract $000,000 – $200,000 1.2 Months 55 34 $200,001 – $300,000 3.7 Months 139 37 $300,001 – $400,000 5.8 Months 97 26 $400,001 – $500,000 6.5 Months 49 16 $500,001 – $600,000 5.5 Months 23 9 $600,001 – $700,000 4.8 Months 14 0 $700,001 – $800,000 6.2 Months 13 2 $800,001 – $900,000 16.5 Months 11 3 $900,001 – $1,000,000 36.0 Months 9 0 $1,000,001+ 30.0 Months 10 1 All Price Ranges 3.6 Months 410 124 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 today. 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. 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) 09/01/14 - 09/30/16

BHGRE Gary Greene

77386:

9.87

Price:HAR Bedrooms:Period:

Monthly %MSI-Sold

2 Years (Monthly)

77386

0.41

Single-Family: (Free Standing, Patio Home)

Total % Change

Property Types:

KEY INFORMATION

AllAll Lot Size:All

0.35Monthly Change

0.01Total Change

Sq Ft:AllAll Bathrooms:MLS: AllConstruction Type:

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10/06/16

BHGRE Gary GreeneMarket DynamicsMonths Supply of Inventory (Sold Calculation)

2 Years (Monthly) 09/01/14 - 09/30/16

Period NAR MSI # SoldMSI# For Sale Last

Day of Month# UnderContract

Time

3.5Sep-16 124 1184123.3

2.9Aug-16 127 1444243.3

3.3Jul-16 135 1364483.3

3.1Jun-16 143 1504673.3

3.6May-16 153 1244492.9

3.6Apr-16 118 1254533.8

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

2.7Dec-14 70 992643.8

3.0Nov-14 81 902743.4

2.5Oct-14 102 1172902.8

2.6Sep-14 112 1193062.7

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Spring 77386 home sales report october 2016

Real Estate

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