0
The$Home$Sales$Real$Estate$Report$
$Magnolia$TX$|$77354$|$January$2014$
$
Average$Sold$Price$/$Median$Sold$Price$–$Month$B...
Sold Average vs. Median Price
2 Years (Monthly) 12/01/11 - 12/31/13

KEY INFORMATION

Average

240.78

0.08

5,778.78

2.0...
BHGRE Gary Greene

Market Dynamics
Sold Average vs. Median Price
2 Years (Monthly) 12/01/11 - 12/31/13

Time Period

# Pro...
Average $/SQFT (Sold)
2 Years (Monthly) 12/01/11 - 12/31/13

KEY INFORMATION

Sold $/SQFT

0.43

2 Years (Monthly)

0.43

...
BHGRE Gary Greene

Market Dynamics
Average $/SQFT (Sold)
2 Years (Monthly) 12/01/11 - 12/31/13
FOR SALE
Time
Period

Avg
$...
Average DOM for Under Contract Properties
2 Years (Monthly) 12/01/11 - 12/31/13

KEY INFORMATION

DOM

-1.35

2 Years (Mon...
Market Dynamics

BHGRE Gary Greene

Average DOM for Under Contract Properties
2 Years (Monthly) 12/01/11 - 12/31/13
Time
P...
Months Supply of Inventory (UC Calculation)
2 Years (Monthly) 12/01/11 - 12/31/13

KEY INFORMATION

MSI-UC

-0.18

2 Years...
Market Dynamics

BHGRE Gary Greene

Months Supply of Inventory (UC Calculation)
2 Years (Monthly) 12/01/11 - 12/31/13
Time...
PAID ADVERTISEMENT

What 2014 Homebuyers Need-To-Know
to WIN in a Sizzling Seller’s Market like The Woodlands, Texas
2013 ...
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The magnolia 77354 homes sales report january 2014 (1)

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Transcript of "The magnolia 77354 homes sales report january 2014 (1)"

  1. 1. The$Home$Sales$Real$Estate$Report$ $Magnolia$TX$|$77354$|$January$2014$ $ 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$$ $ 281-367-3531 Woodforest Plaza | 6875 FM 1488, Suite 800 | Magnolia TX 77354 | 281-367-3531
  2. 2. Sold Average vs. Median Price 2 Years (Monthly) 12/01/11 - 12/31/13 KEY INFORMATION Average 240.78 0.08 5,778.78 2.00 Median -382.68 -0.15 -9,184.40 -3.51 MLS: HAR Period: Property Types: Single-Family: (Free Standing, Patio Home) 2 Years (Monthly) Price: ZIP Codes: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All 77354 Sq Ft: All 1 of 2 Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2014 - 2015 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 01/12/14
  3. 3. BHGRE Gary Greene Market Dynamics Sold Average vs. Median Price 2 Years (Monthly) 12/01/11 - 12/31/13 Time Period # Properties Sold Sold Average $ Sold Median $ Average $ - Median $ Median $ as % of Average $ Sold Avg DOM Dec-13 44 293,252 242,450 50,802 82.7 44 Nov-13 25 300,804 271,623 29,181 90.3 59 Oct-13 48 276,424 252,500 23,924 91.4 52 Sep-13 48 281,211 235,950 45,261 83.9 50 Aug-13 64 305,429 259,150 46,279 84.8 51 Jul-13 70 316,037 278,084 37,954 88.0 59 Jun-13 57 310,538 274,000 36,538 88.2 58 May-13 56 282,532 257,000 25,532 91.0 65 Apr-13 50 320,490 283,970 36,520 88.6 82 Mar-13 50 310,069 251,770 58,299 81.2 79 Feb-13 33 256,263 224,000 32,263 87.4 81 Jan-13 34 271,353 240,500 30,853 88.6 92 Dec-12 39 277,623 220,000 57,623 79.2 68 Nov-12 36 294,543 262,500 32,043 89.1 61 Oct-12 37 253,089 222,500 30,589 87.9 81 Sep-12 44 292,090 282,250 9,840 96.6 109 Aug-12 56 280,406 247,000 33,406 88.1 61 Jul-12 55 305,494 262,700 42,794 86.0 102 Jun-12 54 304,786 247,800 56,986 81.3 56 May-12 52 284,189 256,500 27,689 90.3 135 Apr-12 33 319,604 300,000 19,604 93.9 71 Mar-12 36 327,281 269,450 57,831 82.3 80 Feb-12 19 309,808 307,637 2,171 99.3 67 Jan-12 17 269,824 260,000 9,824 96.4 111 Dec-11 42 251,720 222,500 29,220 88.4 84 2 of 2 Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2014 - 2015 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 01/12/14
  4. 4. Average $/SQFT (Sold) 2 Years (Monthly) 12/01/11 - 12/31/13 KEY INFORMATION Sold $/SQFT 0.43 2 Years (Monthly) 0.43 10.28 MLS: HAR Period: Property Types: Price: Single-Family: (Free Standing, Patio Home) ZIP Codes: All 10.40 Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All 77354 Sq Ft: All 1 of 2 Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2014 - 2015 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 01/12/14
  5. 5. BHGRE Gary Greene Market Dynamics Average $/SQFT (Sold) 2 Years (Monthly) 12/01/11 - 12/31/13 FOR SALE Time Period Avg $/ SQFT SQFT UNDER CONTRACT Avg $/ # Avg $ SQFT SQFT # Avg $ Dec-13 206 382,508 3,001 128 40 325,216 2,848 Nov-13 228 369,671 2,924 127 30 275,497 2,557 Oct-13 239 366,318 2,929 126 42 313,285 Sep-13 253 366,377 2,895 127 37 Aug-13 268 368,834 2,936 126 Jul-13 293 356,400 2,921 122 Jun-13 283 355,383 2,945 May-13 291 360,838 Apr-13 270 Mar-13 266 Feb-13 SOLD EXPIRED Avg $/ SQFT SQFT # Avg $ 114 44 293,252 2,670 108 25 300,804 2,629 2,700 116 48 276,424 268,639 2,511 107 48 44 322,213 2,842 113 73 291,805 2,724 107 121 60 302,387 2,784 3,009 120 57 339,118 352,079 2,984 119 59 348,242 3,014 116 58 252 351,777 2,999 118 Jan-13 262 344,332 3,013 Dec-12 263 344,792 Nov-12 283 337,741 Oct-12 307 Sep-12 Avg $/ SQFT SQFT # NEW LISTINGS Avg $/ Avg $ SQFT SQFT # Avg $ 110 29 488,110 3,167 154 34 350,385 2,982 118 114 26 351,407 2,819 125 58 295,968 2,586 114 2,612 106 27 269,382 2,591 104 41 281,068 2,675 105 281,211 2,653 106 18 373,748 2,725 137 54 320,619 2,731 119 64 305,429 2,811 109 25 371,598 3,083 121 68 328,867 2,805 117 70 316,037 2,921 108 20 331,950 3,049 109 95 318,435 2,748 116 108 57 310,538 2,828 110 25 330,248 2,854 116 72 322,859 2,785 116 3,002 113 56 282,532 2,776 103 23 362,895 3,115 117 94 340,060 2,871 118 278,753 2,672 105 50 320,490 2,940 109 14 398,343 3,003 133 79 338,519 2,808 121 314,846 2,892 109 50 310,069 2,872 108 17 356,053 2,942 125 85 330,914 2,846 117 42 353,552 2,906 123 33 256,263 2,550 100 29 320,477 2,550 126 59 351,080 2,944 120 115 42 289,973 2,784 104 34 271,353 2,617 104 27 374,149 3,346 112 59 321,190 2,898 111 3,002 115 37 293,117 2,690 109 39 277,623 2,948 94 23 372,625 3,118 120 30 343,191 2,977 115 2,987 113 33 287,778 2,852 101 36 294,543 2,871 103 17 335,259 3,005 111 44 321,784 3,017 107 331,987 2,949 113 38 302,904 2,870 106 37 253,089 2,627 96 30 299,584 2,791 107 63 320,490 2,846 113 314 356,828 3,035 118 36 271,466 2,794 97 44 292,090 2,879 101 34 604,174 3,743 166 40 325,121 2,764 118 Aug-12 355 353,448 3,050 116 54 282,578 2,847 99 56 280,406 2,870 98 27 413,913 3,207 129 80 318,134 2,964 107 Jul-12 370 349,597 3,034 116 55 323,240 3,040 106 55 305,494 2,929 104 40 288,740 2,745 105 84 308,089 2,944 105 Jun-12 348 351,208 3,007 117 40 316,745 2,782 114 54 304,786 2,830 108 22 276,320 2,714 102 74 315,171 2,964 106 May-12 357 348,088 2,979 117 58 279,754 2,708 103 52 284,189 2,909 98 25 365,755 3,182 115 98 281,083 2,672 105 Apr-12 333 373,858 3,116 121 49 344,791 3,075 112 33 319,604 2,933 109 25 435,154 3,395 128 93 320,650 2,940 109 Mar-12 319 375,999 3,128 121 45 302,820 2,780 109 36 327,281 3,038 108 34 342,431 3,199 107 77 320,111 2,960 108 Feb-12 297 384,527 3,160 122 32 288,593 2,885 100 19 309,808 3,025 102 23 420,628 3,306 127 55 307,981 2,788 110 Jan-12 303 390,382 3,212 122 23 369,844 2,942 126 17 269,824 3,011 90 38 329,306 3,169 104 59 320,171 3,069 104 Dec-11 296 388,547 3,187 123 26 285,408 2,760 103 42 251,720 2,512 100 26 315,138 3,056 103 43 342,491 3,073 111 2 of 2 Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2014 - 2015 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 01/12/14
  6. 6. Average DOM for Under Contract Properties 2 Years (Monthly) 12/01/11 - 12/31/13 KEY INFORMATION DOM -1.35 2 Years (Monthly) -1.53 -32.30 MLS: HAR Period: Property Types: Price: Single-Family: (Free Standing, Patio Home) ZIP Codes: All -36.76 Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All 77354 Sq Ft: All 1 of 2 Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2014 - 2015 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 01/12/14
  7. 7. Market Dynamics BHGRE Gary Greene Average DOM for Under Contract Properties 2 Years (Monthly) 12/01/11 - 12/31/13 Time Period # Under Contract Avg DOM Avg CDOM Dec-13 40 68 118 Nov-13 30 39 42 Oct-13 42 67 93 Sep-13 37 53 64 Aug-13 44 42 61 Jul-13 73 55 92 Jun-13 60 52 74 May-13 57 72 112 Apr-13 59 67 97 Mar-13 58 66 89 Feb-13 42 79 143 Jan-13 42 77 111 Dec-12 37 96 112 Nov-12 33 81 121 Oct-12 38 62 105 Sep-12 36 66 102 Aug-12 54 85 119 Jul-12 55 110 145 Jun-12 40 74 196 May-12 58 58 91 Apr-12 49 120 176 Mar-12 45 88 160 Feb-12 32 79 172 Jan-12 23 81 123 Dec-11 26 55 105 2 of 2 Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2014 - 2015 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 01/12/14
  8. 8. Months Supply of Inventory (UC Calculation) 2 Years (Monthly) 12/01/11 - 12/31/13 KEY INFORMATION MSI-UC -0.18 2 Years (Monthly) -2.38 -4.29 MLS: HAR Period: Property Types: Price: Single-Family: (Free Standing, Patio Home) ZIP Codes: All -57.16 Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All 77354 Sq Ft: All 1 of 2 Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2014 - 2015 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 01/12/14
  9. 9. Market Dynamics BHGRE Gary Greene Months Supply of Inventory (UC Calculation) 2 Years (Monthly) 12/01/11 - 12/31/13 Time Period MSI NAR MSI # For Sale Last Day of Month # Under Contract # Sold Dec-13 3.4 3.1 137 40 44 Nov-13 5.7 6.9 172 30 25 Oct-13 4.0 3.5 170 42 48 Sep-13 5.4 4.1 198 37 48 Aug-13 4.5 3.1 199 44 64 Jul-13 2.7 2.9 200 73 70 Jun-13 3.3 3.5 198 60 57 May-13 3.7 3.8 211 57 56 Apr-13 3.3 3.9 197 59 50 Mar-13 3.3 3.8 191 58 50 Feb-13 4.3 5.5 181 42 33 Jan-13 4.6 5.7 193 42 34 Dec-12 5.5 5.2 203 37 39 Nov-12 7.1 6.5 233 33 36 Oct-12 6.3 6.5 239 38 37 Sep-12 6.8 5.5 244 36 44 Aug-12 5.1 4.9 274 54 56 Jul-12 5.0 5.0 275 55 55 Jun-12 7.2 5.3 286 40 54 May-12 4.7 5.3 274 58 52 Apr-12 5.3 7.8 259 49 33 Mar-12 5.3 6.7 240 45 36 Feb-12 7.6 12.7 242 32 19 Jan-12 10.5 14.2 242 23 17 Dec-11 9.4 5.8 244 26 42 2 of 2 Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2014 - 2015 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 01/12/14
  10. 10. PAID ADVERTISEMENT What 2014 Homebuyers Need-To-Know to WIN in a Sizzling Seller’s Market like The Woodlands, Texas 2013 will go down as the most sizzling Seller’s Market on record. 2014 will trump 2013 with new record breaking activity, challenge and triumph. The Woodlands Texas | Months Supply of Inventory Real Estate Report Month’s Supply of “For Sale” Listing Inventory – December 28th, 2013 The prepared buyer will WIN. We’d like to help you WIN. Here are 3 tips for finding the best property for you and yours in a sizzling sellers market. TIP #1: FIRST-TO-KNOW LIGHTNING ALERTS PRICE RANGE IT’S NO SECRET! IT’S A MUSCLE BOUND SELLER’S MARKET! Here’s the situation: Real estate economists tell us that six months supply of available For Sale Listing Inventory represents a balanced real estate market. Take a look at the Months Supply of Inventory picture to the right. TIP #2: POCKET LISTINGS AND PRIVATE SALES We’re seeing off-the-MLS-radar properties selling via Pocket Listing whisper campaigns and real estate agent grapevine networks. Knowing about private off-MLS listing inventory is an advantage for you. Here’s how Pocket Listings work. Prior to mass marketing via the MLS, Pocket Listings are privately promoted by the listing agent to a network of select agents via email broadcast, text message, phone calls and personal conversations. When a match is made private viewing appointments are conveniently coordinated , offers are negotiated, contracts are signed, escrow opened and everyone proceeds smiling to closing. Welcome to the neighborhood.:-) Also, we exchange Pocket Listing, Private Sale and Coming Soon properties via our Better Homes And Gardens Real Estate Gary Greene company wide online bulletin board, which connects over eight hundred pro real estate agents throughout the Greater Houston Area. Using First-To-Know- Lightning Alerts and plugging yourself into the Coming Soon and Pocket Listings property information network will help you find out about hot new listings inventory before your less informed and unconnected home buying competitors. If you’d like more information about how to tap into the Pocket Listing agent network contact your favorite Gary Greene agent directly or call them at the office: 281-367-3531. Here’s how the Buyer-Needs Network Strategy works. Tell us everything you’re looking for in your new home (style, design, location, amenities, schools, etc.). We condense your needs into a concise Buyer-Needs profile (protecting your identity and 1.0 $400,001 - $500,000 .......................................... 2.2 $500,001 - $600,000 .......................................... 1.7 $600,001 - $700,000 .......................................... 2.4 $700,001 - $800,000 .......................................... 4.4 $800,001 - $900,000 .......................................... 4.8 $900,001 - $1,000,000 .......................................... 3.4 .......................................... 6.2 Homes are selling fast too! Average Days on the Market | The Woodlands Texas | 2013 85 80 67 60 40 20 0 27 28 31 under $200K $200– $300K $300– $400K 37 42 $400– $500K $500– $600K 47 $600– $700K 54 $700– $800K $800– $900K 57 $900 –$1M over $1M Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family/The Woodlands TX private information) and broadcast your Buyer-Needs request to top performing listing agents who may have Pocket Listing inventory, private sale opportunities and ”Coming Soon” listings that match what you’re looking for. Buyer-Needs are broadcast via eMail, text message, phone calls, personal conversations. Also, we exchange Buyer-Needs via our Better Homes And Gardens Real Estate Gary Greene company wide online bulletin board, which connects over eight hundred pro real estate agents throughout the Greater Houston Area. TIP #1: UNDERSTAND THE MARKET. SEE WHAT THE SELLER IS SEEING: Using the Lightning Alert and Buyer-Needs Network Strategies will help you find out about hot new listings inventory before your less informed and unconnected home buying competitors. When you find your dream home don’t hem-haw. Be a bullet. Squeeze the trigger and submit your offer swiftly before competing buyers snatches it from your grasp. To discuss how to get started and tap into insider information, contact your trusted Gary Greene agent directly or call them at the office: 281-367-3531. TIP #3: DON’T GO FOR THE STEAL! SEAL THE DEAL. TIP #3: BUYER-NEEDS NETWORK STRATEGY This strategy is sort of like the Pocket Listing Strategy for sellers, except it works for Buyers. Do you see a pattern developing? One of the keys to your success is tapping into a pool of available inventory that is unknown to the disconnected. .08 .......................................... more than $1,000,001 DAYS Your instant alerts include photos and detailed property information sent directly to your email inbox. The service is free. To get your personalized First-To-Know Lightning Alerts delivered directly to your email box contact your favorite Gary Greene Pro at 281-367-3531. .08 .......................................... $300,001 - $400,000 Real estate economists tell us that six months supply of available For Sale Listing Inventory represents a balanced real estate market. The smaller the Months Supply Of Inventory the more muscular the Seller’s Market. .......................................... $200,000 - $300,000 When selection is thin and swift selling, being the First-To-Know about hot new inventory is an advantage for you. Here’s how First-To-Know Lightning Alerts work. Tell us everything you’re looking for in your new home (style, design, location, amenities, schools, etc.). We condense your needs into a concise Buyer-Needs profile (protecting your identity and private information) and program our software to match your buyer-needs to fire off an instant alert heartbeats after it appears on the Multiple Listing Service (MLS). MONTHS SUPPLY OF INVENTORY Less than $200,000 Here are 5 Tips On How to write a winning offer in sizzling seller’s market. Congratulations. Now that you’ve found the best property for you and yours, you’ve won half the battle. The next challenge to be conquered is submitting a winning offer. We’ve helped thousands of buyers win in multiple offers and other competitive situations. As a result, we know what works and what flops. Here’s a list of proven tips to help you and yours write a winning offer. 9000 Forest Crossing, The Woodlands, TX Low inventory. • Rising prices. • Multiple offers. • Fast sales. • Construction cranes everywhere. • Daily news about how awesome the local real estate market economy. • Thousands of qualified homebuyers moving to the area. TIP #2: MOVE FAST. Full price and over list price offers are common in this seller’s market. Don’t be embarrassed to offer full price or more when necessary. Keep in mind; your mortgage company will complete a property value appraisal. If the property doesn’t appraise for the contract price you can always bail or renegotiate. TIP #4: STAND OUT. Sweeten the terms of your offer without paying more. Here’s how: Offer a larger down payment. • Make a bigger earnest money deposit. • Amp up the Option Fee. • Shorten trigger point deadlines and exit clauses for things like the Option Period and days for financing approval. • Provide the seller with written mortgage pre-approval from your lender. • Include a flexible and seller friendly closing date. • Consider a possible seller lease back. • Share a personal letter to the seller sharing a little bit about yourself and your situation sometimes helps the seller choose one bidding buyers offer over the other. TIP #5: REPAIR REALITIES. After your contract is executed you’ll have an opportunity to have the property inspected. Because you’re not buying a brand new home it’s common to turn up a long or short list of items that aren’t perfect. Understand that in a seller’s market a seller is less inclined to pay for the repair of cosmetic items. Have your agent get a bid on the inspection items you’d like to have completed. If the seller won’t pay for them don’t get angry or take your eyes off your prize, your real estate agent will have the names and numbers of reputable repair and home improvement people who can get the job done for you fast and affordably. Don’t lose out because the seller won’t make the property perfect or spend a few hundred dollars in cosmetic type repairs. If you like it, own it. The bottom line for buyers: Use these tips and you’ll successfully navigate seller’s market realities with a smile and success. Good luck, speed and grace. If we can be helpful contact one of our Pro agents directly or call 281-367-3531. Note: Market data provided by Houston Association Of Realtors, Multiple Listings Service.
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