The Woodlands homes sales report March 2016

TheHomeSalesRealEstateReportTheWoodlands|March,2016Lis>ngInventoryMonthByMonthHomeSalesMonthByMonthAverageSoldPrice/MedianSoldPriceAveragePricePerSquareFootAverageDaysOnMarketMonthsSupplyofForSale 9000 Forest Crossing Drive | The Woodlands TX 77381 | 281-367-3531

281-367-3531

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Joyce & Chris Hanson The Hanson Team 281-734-0370 281-433-1157 [email protected] [email protected] HansonSellsTheWoodlands.com

The Woodlands Texas Real Estate ReportListing Inventory - All Brokers Combined

Better 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

2016 Listing Inventory 2015 Listing Inventory

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2016 788 809 8552015 591 630 658 731 818 863 912 947 925 917 906 889

The Woodlands Texas Real Estate ReportProperties Placed Under Contract - All Brokers Combined

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2016 129 2032015 170 217 278 279 275 249 261 161 180 173 134 119

Better 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

2016 Contracts Written 2015 Contracts Written

KEY INFORMATION

2 Years (Monthly) 02/01/14 - 02/29/16

Market Dynamics BHGRE Gary GreeneSold Average vs. Median Price

Monthly % Total % Change

-1.830.24

Monthly Change

-267.20Median

Total ChangeAverage 1,044.31 25,063.54 5.64

-6,412.72-0.08

Sublocations:All

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

HAR AllAll AllAllAll Lot Size:Bedrooms:Property Types:

107

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

03/02/16BrokerMetrics®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) 02/01/14 - 02/29/16

Market DynamicsSold Average vs. Median Price

Time Period # Properties Sold Sold Average $ Sold Median $ Sold Avg DOMAverage $ - Median $ Median $ as % of Average $100Feb-16 406,457 70.1285,000 121,457 59103Jan-16 481,652 60.6292,000 189,652 64158Dec-15 507,872 72.8370,000 137,872 54116Nov-15 399,841 73.8295,250 104,591 57161Oct-15 466,198 74.8348,705 117,493 61167Sep-15 446,247 81.8365,000 81,247 43240Aug-15 436,313 75.6330,000 106,313 40237Jul-15 523,560 78.7412,000 111,560 47290Jun-15 553,793 75.3417,250 136,543 43232May-15 479,580 82.4395,000 84,580 44204Apr-15 471,664 71.0335,000 136,664 45208Mar-15 407,694 82.3335,500 72,194 50132Feb-15 439,452 79.1347,450 92,002 64127Jan-15 526,636 68.4360,000 166,636 55211Dec-14 445,794 80.0356,500 89,294 55127Nov-14 510,416 69.5354,500 155,916 46165Oct-14 404,115 84.1340,000 64,115 42187Sep-14 410,118 82.7339,000 71,118 36229Aug-14 444,543 77.2343,000 101,543 35303Jul-14 413,571 83.4345,000 68,571 28269Jun-14 455,421 80.2365,000 90,421 27269May-14 468,861 77.8365,000 103,861 32228Apr-14 441,674 73.6325,000 116,674 34206Mar-14 437,658 73.6322,000 115,658 38143Feb-14 442,656 73.7326,000 116,656 43


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Market DynamicsAverage $/SQFT (FS, Sold)

2 Years (Monthly) 02/01/14 - 02/29/16

BHGRE Gary Greene

Price:

0.16

AllAll All

0.237.21

Property Types:HAR

Sold $/SQFTFor Sale $/SQFT

MLS: All

0.34

Bathrooms:

0.30

All

5.608.28

Construction Type:

Total Change

Sq Ft:

Monthly Change

2 Years (Monthly)

Sublocations:

All

3.77

Lot Size:Period:

Monthly %

Bedrooms:

KEY INFORMATION

Total % Change

Single-Family: (Free Standing, Patio Home)107

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Average $/SQFT (FS, Sold)2 Years (Monthly) 02/01/14 - 02/29/16

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

199Feb-16 1,211 3,618729,801 204 485,752 2,916 167 100 149 359406,457 671,390 614,5022,781 146 3,564 190 3,395 182199Jan-16 1,165 3,596724,964 123 468,189 2,926 160 103 190 297481,652 651,645 622,9302,998 161 3,512 186 3,268 177199Dec-15 1,198 3,618719,041 111 543,797 3,078 177 158 219 181507,872 646,014 594,7143,149 161 3,535 183 3,155 188195Nov-15 1,257 3,601701,116 126 410,889 2,859 144 116 114 213399,841 664,586 499,6432,781 144 3,540 188 3,120 160194Oct-15 1,384 3,575691,820 156 510,143 3,044 168 161 184 328466,198 559,882 507,4363,037 154 3,320 169 3,142 161198Sep-15 1,398 3,631719,434 164 439,079 2,895 152 167 178 328446,247 801,795 604,6272,988 149 3,845 209 3,350 180195Aug-15 1,373 3,616705,983 145 460,008 2,983 154 240 158 302436,313 602,294 542,4602,875 152 3,512 172 3,157 172192Jul-15 1,419 3,582686,894 236 441,221 2,920 151 237 112 412523,560 581,098 492,1103,278 160 3,414 170 3,096 159198Jun-15 1,377 3,658724,756 219 521,479 3,119 167 290 151 424553,793 740,608 588,3253,246 171 3,620 205 3,308 178196May-15 1,292 3,652716,272 241 493,391 3,055 161 232 98 395479,580 591,593 534,7333,114 154 3,551 167 3,204 167198Apr-15 1,256 3,706733,707 255 547,136 3,240 169 204 104 450471,664 652,049 631,7873,022 156 3,609 181 3,428 184199Mar-15 1,143 3,704736,017 257 551,355 3,159 175 208 80 390407,694 779,220 631,5352,842 143 3,876 201 3,426 184199Feb-15 1,027 3,678731,073 200 457,470 2,954 155 132 74 298439,452 869,575 567,0273,019 146 3,898 223 3,299 172199Jan-15 987 3,671729,362 153 455,602 3,024 151 127 105 309526,636 650,816 573,8303,167 166 3,488 187 3,300 174198Dec-14 943 3,662724,014 147 531,243 3,155 168 211 118 174445,794 526,144 602,5942,960 151 3,271 161 3,318 182194Nov-14 995 3,613699,317 144 453,484 2,933 155 127 82 217510,416 641,764 546,6133,175 161 3,612 178 3,148 173189Oct-14 1,042 3,566674,284 180 445,566 2,914 153 165 84 245404,115 538,062 506,4032,815 144 3,331 162 3,112 163189Sep-14 1,039 3,558671,450 140 452,221 2,891 156 187 102 258410,118 546,968 490,3552,878 143 3,321 165 3,061 160188Aug-14 1,097 3,544665,262 221 438,692 2,918 150 229 95 312444,543 649,640 472,9782,955 150 3,539 184 3,050 155188Jul-14 1,066 3,521662,449 202 408,753 2,801 146 303 79 376413,571 523,798 476,5092,884 144 3,182 165 3,050 156189Jun-14 1,041 3,545669,656 275 450,989 2,980 151 269 76 370455,421 606,394 502,5303,025 150 3,480 174 3,144 160191May-14 985 3,546676,445 259 446,086 2,930 152 269 55 407468,861 719,752 549,0343,049 153 3,745 192 3,202 171191Apr-14 895 3,584683,527 277 487,094 3,081 158 228 40 383441,674 849,744 523,1402,999 147 4,130 206 3,212 163192Mar-14 830 3,586686,919 260 449,140 3,004 149 206 58 366437,658 723,662 489,7663,025 145 3,737 194 3,080 159200Feb-14 690 3,710741,490 185 515,781 3,108 166 143 41 244442,656 617,564 529,8282,986 148 3,313 186 3,208 164


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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

The Woodlands Texas Real Estate Report

Months Supply Of “For Sale” Listing Inventory – March 2nd, 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 in considered a seller’s market. Here’s a break down by price.

PRICE RANGE MONTHS SUPPLY OF LISTING INVENTORY

$000,000 – $200,000 . . . . . . . . . . . . 1.1 Months [24 Active] $200,001 – $300,000 . . . . . . . . . . . . 2.3 Months [115 Active]

$300,001 – $400,000 . . . . . . . . . . . . 4.6 Months [160 Active] $400,001 – $500,000 . . . . . . . . . . . . 4.8 Months [104 Active] $500,001 – $600,000 . . . . . . . . . . . . 6.1 Months [106 Active] $600,001 – $700,000 . . . . . . . . . . . . 5.7 Months [71 Active] $700,001 – $800,000 . . . . . . . . . . . . 6.3 Months [48 Active] $800,001 – $900,000 . . . . . . . . . . . . 5.7 Months [42 Active] $900,001 – $1,000,000 . . . . . . . . . . 9.2 Months [39 Active]

$1,000,001 - $1,500,000 . . . . . . . . . 12.3 Months [72 Active] $1,500,001 - $2,000,000 . . . . . . . . 12.7 Months [37 Active]

$2,000,001 - $3,000,000+ . . . . . . . 11.0 Months [23 Active] $3,000,001+. . . . . . . . . . . . . . . . . . 39.0 Months [26 Active] All Price Ranges . . . . . . . . . . . . . . 4.6 Months [859 Active]

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 Woodlands. 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.

BHGRE Gary GreeneMarket Dynamics

2 Years (Monthly) 02/01/14 - 02/29/16Average DOM for Under Contract Properties

Monthly %1.17

107

Total % Change

Sq Ft:Bathrooms:All All

DOM

Construction Type:

Sublocations:

Period:Property Types:

28.02 85.58Monthly Change

3.57

Lot Size:All

KEY INFORMATION

Single-Family: (Free Standing, Patio Home) 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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Average DOM for Under Contract PropertiesMarket Dynamics BHGRE Gary Greene

2 Years (Monthly) 02/01/14 - 02/29/16

Period Avg DOM Avg CDOMContract# UnderTime

60Feb-16 10720463Jan-16 12212371Dec-15 12111155Nov-15 9512661Oct-15 11115652Sep-15 8016441Aug-15 6914540Jul-15 6423647Jun-15 7021941May-15 6324141Apr-15 5825549Mar-15 6525750Feb-15 9120059Jan-15 8415368Dec-14 9514749Nov-14 7314445Oct-14 6418043Sep-14 6114039Aug-14 4922134Jul-14 4420232Jun-14 4227525May-14 2925930Apr-14 4627730Mar-14 4826043Feb-14 56185

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Months Supply of Inventory (UC Calculation)Market Dynamics

2 Years (Monthly) 02/01/14 - 02/29/16

BHGRE Gary Greene

Sublocations:

190.49

Price:HAR Bedrooms:Period:

Monthly %MSI-UC

2 Years (Monthly)

107

7.94

Single-Family: (Free Standing, Patio Home)

Total % Change

Property Types:

KEY INFORMATION

AllAll Lot Size:All

4.49Monthly Change

0.19Total Change

Sq Ft:AllAll Bathrooms:MLS: AllConstruction Type:

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BHGRE Gary GreeneMarket DynamicsMonths Supply of Inventory (UC Calculation)

2 Years (Monthly) 02/01/14 - 02/29/16

Period NAR MSI # SoldMSI# For Sale Last

Day of Month# UnderContract

Time

8.6Feb-16 204 1008584.2

8.3Jan-16 123 1038526.9

5.5Dec-15 111 1588687.8

8.8Nov-15 126 1161,0178.1

6.5Oct-15 156 1611,0446.7

6.3Sep-15 164 1671,0566.4

4.5Aug-15 145 2401,0707.4

4.5Jul-15 236 2371,0714.5

3.5Jun-15 219 2901,0074.6

4.1May-15 241 2329534.0

4.4Apr-15 255 2048973.5

3.9Mar-15 257 2088063.1

5.7Feb-15 200 1327533.8

5.7Jan-15 153 1277294.8

3.2Dec-14 147 2116784.6

6.1Nov-14 144 1277695.3

4.7Oct-14 180 1657784.3

4.3Sep-14 140 1877975.7

3.4Aug-14 221 2297813.5

2.6Jul-14 202 3037853.9

2.6Jun-14 275 2696902.5

2.5May-14 259 2696712.6

2.5Apr-14 277 2285782.1

2.5Mar-14 260 2065122.0

3.2Feb-14 185 1434642.5

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The Woodlands homes sales report March 2016

Real Estate

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