Spring/7386 Homes Sales Report - December 2016

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The Home Sales Real Estate Report Spring TX | 77386 | December, 2016 Average Sold Price / Median Sold Price – Month By Month Average Price Per Square Foot – Month By Month Average Days On Market – Month By Month Months Supply of For Sale Inventory – Month By Month 9000 Forest Crossing Drive | The Woodlands TX | 281-367-3531 281-367-3531

Transcript of Spring/7386 Homes Sales Report - December 2016

Page 1: Spring/7386 Homes Sales Report - December 2016

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

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

281-367-3531

Page 2: Spring/7386 Homes Sales Report - December 2016

KEY INFORMATION

2 Years (Monthly) 11/01/14 - 11/30/16

Market Dynamics BHGRE Gary GreeneSold Average vs. Median Price

Monthly % Total % Change

19.560.30

Monthly Change

1,681.08Median

Total ChangeAverage 786.54 18,877.01 7.15

40,345.940.82

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:

12/06/16BrokerMetrics®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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Page 3: Spring/7386 Homes Sales Report - December 2016

BHGRE Gary Greene

2 Years (Monthly) 11/01/14 - 11/30/16

Market DynamicsSold Average vs. Median Price

Time Period # Properties Sold Sold Average $ Sold Median $ Sold Avg DOMAverage $ - Median $ Median $ as % of Average $119Nov-16 286,584 87.2249,992 36,592 66111Oct-16 285,700 90.7259,000 26,700 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 4699Dec-14 247,055 85.0209,990 37,065 5290Nov-14 248,031 77.8193,000 55,031 49

© 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

2 12/06/162 ofBrokerMetrics®Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

Page 4: Spring/7386 Homes Sales Report - December 2016

Market DynamicsAverage $/SQFT (FS, Sold)

2 Years (Monthly) 11/01/14 - 11/30/16

BHGRE Gary Greene

Price:

-0.16

AllAll All

0.10-4.71

Property Types:HAR

Sold $/SQFTFor Sale $/SQFT

MLS: All

0.10

Bathrooms:

-0.20

All

2.322.39

Construction Type:

Total Change

Sq Ft:

Monthly Change

2 Years (Monthly)

ZIP Codes:

All

-3.86

Lot Size:Period:

Monthly %

Bedrooms:

KEY INFORMATION

Total % Change

Single-Family: (Residential)77386

12/06/16BrokerMetrics®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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Page 5: Spring/7386 Homes Sales Report - December 2016

Average $/SQFT (FS, Sold)2 Years (Monthly) 11/01/14 - 11/30/16

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

121Nov-16 524 3,059370,080 99 312,748 2,680 117 119 53 119286,584 384,886 329,1892,717 105 3,176 121 2,792 118119Oct-16 575 3,039361,160 117 300,979 2,735 110 111 53 152285,700 334,038 303,1142,714 105 2,958 113 2,704 112118Sep-16 611 3,091364,425 121 305,023 2,795 109 126 67 184281,730 360,635 324,2582,725 103 3,195 113 2,850 114116Aug-16 618 3,074357,981 127 291,181 2,718 107 144 64 167295,311 332,060 325,0442,741 108 2,971 110 2,842 114115Jul-16 640 3,051352,128 134 293,681 2,691 109 136 55 172272,120 346,527 300,8222,622 104 3,033 114 2,760 109116Jun-16 665 3,066356,611 142 306,768 2,729 112 150 55 216278,558 362,984 297,6322,603 107 3,156 115 2,790 107119May-16 656 3,059363,152 153 295,117 2,634 112 125 54 203266,842 374,391 326,1572,578 104 3,102 121 2,854 114118Apr-16 616 3,050359,233 118 270,017 2,600 104 125 45 216281,090 386,841 325,2092,674 105 3,209 121 2,813 116117Mar-16 584 3,064359,579 132 278,763 2,597 107 109 52 193275,141 426,057 311,3852,611 105 3,387 124 2,789 112118Feb-16 559 3,058362,410 121 283,781 2,553 111 90 47 158248,294 390,482 315,0492,390 104 3,174 123 2,826 111119Jan-16 534 3,038361,147 90 268,510 2,487 108 73 43 142267,086 369,236 298,3552,593 103 3,155 117 2,713 110121Dec-15 520 3,121379,836 83 284,491 2,650 107 122 45 98281,293 520,352 306,6542,713 104 3,677 142 2,725 113121Nov-15 568 3,119379,422 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 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 2,702 109

© 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

2 12/06/162 ofBrokerMetrics®Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

Page 6: Spring/7386 Homes Sales Report - December 2016

BHGRE Gary GreeneMarket Dynamics

2 Years (Monthly) 11/01/14 - 11/30/16Average DOM for Under Contract Properties

Monthly %0.71

77386

Total % Change

Sq Ft:Bathrooms:All All

DOM

Construction Type:

ZIP Codes:

Period:Property Types:

17.01 35.31Monthly Change

1.47

Lot Size:All

KEY INFORMATION

Single-Family: (Residential) AllHAR AllBedrooms:

Total Change

AllMLS: Price:2 Years (Monthly)

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

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Page 7: Spring/7386 Homes Sales Report - December 2016

Average DOM for Under Contract PropertiesMarket Dynamics BHGRE Gary Greene

2 Years (Monthly) 11/01/14 - 11/30/16

Period Avg DOM Avg CDOMContract# UnderTime

66Nov-16 9962Oct-16 11771Sep-16 12155Aug-16 12769Jul-16 13461Jun-16 14262May-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 81

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© 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

12/06/16Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

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Page 8: Spring/7386 Homes Sales Report - December 2016

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 4th, 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 December 4th December Price Range Of Listing Inventory Active Listings Under Contract $000,000 – $200,000 1.1 Months 49 25 $200,001 – $300,000 3.2 Months 126 35 $300,001 – $400,000 5.2 Months 94 20 $400,001 – $500,000 4.9 Months 42 9 $500,001 – $600,000 4.7 Months 19 2 $600,001 – $700,000 3.8 Months 11 2 $700,001 – $800,000 4.8 Months 10 1 $800,001 – $900,000 13.7 Months 8 0 $900,001 – $1,000,000 15.0 Months 5 1 $1,000,001+ 18.0 Months 9 0 All Price Ranges 3.2 Months 373 97 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.

Page 9: Spring/7386 Homes Sales Report - December 2016

Months Supply of Inventory (UC Calculation)Market Dynamics

2 Years (Monthly) 11/01/14 - 11/30/16

BHGRE Gary Greene

ZIP Codes:

1.18

Price:HAR Bedrooms:Period:

Monthly %MSI-UC

2 Years (Monthly)

77386

0.05

Single-Family: (Residential)

Total % Change

Property Types:

KEY INFORMATION

AllAll Lot Size:All

0.04Monthly Change

0.00Total Change

Sq Ft:AllAll Bathrooms:MLS: AllConstruction Type:

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

BrokerMetrics® 1 of 2

© 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

12/06/16

Page 10: Spring/7386 Homes Sales Report - December 2016

BHGRE Gary GreeneMarket DynamicsMonths Supply of Inventory (UC Calculation)

2 Years (Monthly) 11/01/14 - 11/30/16

Period NAR MSI # SoldMSI# For Sale Last

Day of Month# UnderContract

Time

3.1Nov-16 99 1193723.8

3.6Oct-16 117 1114053.5

3.4Sep-16 121 1264233.5

3.0Aug-16 127 1444273.4

3.3Jul-16 134 1364513.4

3.1Jun-16 142 1504683.3

3.6May-16 153 1254492.9

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

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© 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

12/06/16Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

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