The Woodlands Real Estate Reports - May 2013 | BHGREGG

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  • 1. The$Home$Sales$Real$Estate$Sales$Report$$The$Woodlands$|$May$2013$Lis=ng$Inventory$Month$By$Month$Home$Sales$Month$By$Month$$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 77381 | 281-367-3531281-367-3531
  • 2. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec20132012201120102009402 377 407 426685 695 695 699 665 668 660 634 568 528 485 406874 956 1001 1045 1060 990 952 951 875 854 803 746699 776 837 918 928 1001 1084 1107 1058 988 878 869762 819 831 890 931 920 973 933 863 807 783 7463505507509501150Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec402 377 407 4262013 2012 2011 2010 2009The Woodlands Texas Real Estate ReportUnsold Listing Inventory - Month to Month / 2009 to 2013Better 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
  • 3. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec20132012201120102009182 257 290 327139 196 275 303 323 265 267 239 173 207 178 145161 145 236 232 265 272 245 212 182 153 122 125111 166 224 269 188 177 194 175 167 167 121 126114 158 172 207 224 224 229 173 169 156 120 109175250325400Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec1822572903272013 2012 2011 2010 2009The Woodlands Texas Real Estate ReportProperties Placed Under Contract - Month to Month / 2009 to 2013Better 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
  • 4. KEY INFORMATION2 Years (Monthly) 04/01/11 - 04/30/13Sold Average vs. Median Price8.040.36889.97MedianAverage 1,234.62 29,630.99 8.5321,359.190.34Sublocations:AllBathrooms:Single-Family: (Free Standing, Patio Home, Duplex) Sq Ft:HAR AllAll AllAllAll Lot Size:Bedrooms:Property Types:1072 Years (Monthly) Construction Type:Price:Period:MLS:05/07/13Information not guaranteed. © 2013 - 2014 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).© 2013 - 2014 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors1 of 2
  • 5. BHGRE Gary Greene2 Years (Monthly) 04/01/11 - 04/30/13Market DynamicsSold Average vs. Median PriceTime Period # Properties Sold Sold Average $ Sold Median $ Sold Avg DOMAverage $ - Median $ Median $ as % of Average $224Apr-13 394,685 74.6294,369 100,316 36210Mar-13 377,306 78.2295,250 82,056 46171Feb-13 350,961 76.9270,000 80,961 54131Jan-13 387,824 78.0302,500 85,324 65181Dec-12 420,754 64.0269,500 151,254 68184Nov-12 329,001 81.8269,230 59,771 51186Oct-12 359,952 76.8276,350 83,602 47220Sep-12 320,877 81.0260,000 60,877 47259Aug-12 348,340 77.4269,500 78,840 53239Jul-12 384,803 80.7310,500 74,303 56305Jun-12 384,889 78.2301,000 83,889 48276May-12 368,856 80.1295,475 73,381 63212Apr-12 359,766 73.7265,182 94,584 68190Mar-12 366,555 79.4291,000 75,555 65112Feb-12 341,316 83.2283,850 57,466 7697Jan-12 428,281 60.2258,000 170,281 78157Dec-11 368,367 78.4289,000 79,367 79132Nov-11 325,380 77.7252,750 72,630 79155Oct-11 304,773 75.1229,000 75,773 72179Sep-11 377,317 66.0249,000 128,317 65273Aug-11 393,468 69.1272,000 121,468 77250Jul-11 312,129 83.3260,011 52,118 74253Jun-11 357,961 79.3284,000 73,961 67217May-11 370,895 80.6299,000 71,895 71181Apr-11 323,029 80.8261,000 62,029 78© 2013 - 2014 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors2 05/07/132 ofInformation not guaranteed. © 2013 - 2014 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
  • 6. Average $/SQFT (Sold)2 Years (Monthly) 04/01/11 - 04/30/13Price:0.41AllAll All11.28Property Types:HARSold $/SQFTMLS: AllBathrooms:0.47All Construction Type:Sq Ft:2 Years (Monthly)Sublocations:All9.77Lot Size:Period: Bedrooms:KEY INFORMATIONSingle-Family: (Free Standing, Patio Home, Duplex)10705/07/13Information not guaranteed. © 2013 - 2014 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).© 2013 - 2014 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors1 of 2
  • 7. Average $/SQFT (Sold)2 Years (Monthly) 04/01/11 - 04/30/13Market Dynamics BHGRE Gary Greene#FOR SALESQFTPeriod$/AvgSQFTTimeAvg $UNDER CONTRACT# Avg $AvgSQFT$/SQFTSOLD EXPIRED NEW LISTINGS# # #Avg $ Avg $ Avg $AvgSQFT$/SQFTAvgSQFT$/SQFTAvgSQFT$/SQFT181Apr-13 819 3,632656,980 318 449,711 3,085 146 224 57 377394,685 503,992 527,0733,022 131 3,234 156 3,287 160176Mar-13 767 3,612636,848 265 416,536 3,049 137 210 60 344377,306 645,336 459,7172,947 128 3,789 170 3,172 144179Feb-13 687 3,668655,536 225 392,673 3,012 130 171 39 241350,961 812,364 491,2622,892 122 4,190 194 3,231 152174Jan-13 699 3,635632,423 185 379,836 2,976 128 131 68 244387,824 585,810 477,9632,981 130 3,653 160 3,240 148177Dec-12 666 3,611638,263 135 449,520 3,044 148 181 76 135420,754 512,596 401,1283,038 138 3,208 160 3,045 132172Nov-12 757 3,528607,371 164 358,522 2,846 126 184 62 186329,001 484,701 410,7032,864 115 3,382 145 3,040 135173Oct-12 848 3,495601,942 190 379,062 2,965 128 186 87 234359,952 632,594 427,4512,954 121 3,383 187 3,031 142170Sep-12 857 3,490595,023 165 364,915 2,881 127 220 78 186320,877 503,851 429,6072,825 114 3,373 149 3,055 141164Aug-12 1,000 3,432563,291 234 362,192 2,930 123 259 95 296348,340 510,637 393,8382,927 119 3,401 150 2,993 131161Jul-12 1,035 3,439553,451 244 349,618 2,952 118 239 87 317384,803 468,970 419,4053,138 123 3,373 139 3,137 134162Jun-12 1,060 3,436557,531 240 392,849 3,013 130 305 102 333384,889 557,136 444,6493,110 124 3,469 161 3,168 140157May-12 1,111 3,410535,152 289 378,257 3,065 123 276 95 356368,856 445,509 386,1563,072 120 3,322 134 3,075 126159Apr-12 1,118 3,440546,168 280 407,276 3,155 129 212 83 371359,766 475,851 425,0612,983 121 3,241 147 3,140 135157Mar-12 1,095 3,438541,274 257 390,091 3,085 126 190 91 376366,555 434,328 399,9443,091 119 3,186 136 3,089 129159Feb-12 985 3,471553,411 180 357,360 2,973 120 112 86 252341,316 447,314 409,1913,058 112 3,269 137 3,113 131160Jan-12 954 3,529566,247 130 393,509 3,106 127 97 91 239428,281 517,030 433,8273,188 134 3,607 143 3,248 134162Dec-11 953 3,522570,781 124 427,810 3,136 136 157 114 159368,367 477,110 473,8723,029 122 3,304 144 3,293 144158Nov-11 1,028 3,460545,659 116 380,007 3,008 126 132 118 177325,380 408,883 470,7072,852 114 3,180 129 3,050 154152Oct-11 1,117 3,413516,915 144 340,094 2,881 118 155 122 212304,773 416,381 431,2322,816 108 3,117 134 3,188 135149Sep-11 1,192 3,374502,789 163 339,424 2,849 119 179 124 268377,317 467,950 399,9732,995 126 3,400 136 3,095 129147Aug-11 1,269 3,312489,322 197 336,942 2,821 119 273 148 265393,468 421,891 373,4913,102 127 3,066 135 3,019 124148Jul-11 1,380 3,306488,717 234 410,917 3,100 133 250 142 320312,129 396,484 390,9002,877 108 3,059 130 3,018 130147Jun-11 1,459 3,305485,578 251 385,502 3,044 127 253 148 359357,961 421,322 412,3273,008 119 3,125 135 3,154 131145May-11 1,469 3,284477,849 240 366,717 2,994 122 217 129 362370,895 414,853 385,6143,110 119 3,223 129 3,081 125146Apr-11 1,440 3,281480,743 215 358,487 2,974 121 181 118 395323,029 447,685 434,2702,871 113 3,187 140 3,186 136© 2013 - 2014 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors2 05/07/132 ofInformation not guaranteed. © 2013 - 2014 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
  • 8. 2 Years (Monthly) 04/01/11 - 04/30/13Average DOM for Under Contract Properties-1.48107Sq Ft:Bathrooms:All AllDOMConstruction Type:Sublocations:Period:Property Types:-35.58 -44.89-1.87Lot Size:AllKEY INFORMATIONSingle-Family: (Free Standing, Patio Home, Duplex) AllHAR AllBedrooms: AllMLS: Price:2 Years (Monthly)Information not guaranteed. © 2013 - 2014 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).1 of 2© 2013 - 2014 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors05/07/13
  • 9. Average DOM for Under Contract PropertiesMarket Dynamics BHGRE Gary Greene2 Years (Monthly) 04/01/11 - 04/30/13Period Avg DOM Avg CDOMContract# UnderTime35Apr-13 6231833Mar-13 5226545Feb-13 6622557Jan-13 8618569Dec-12 10013556Nov-12 8016456Oct-12 8619044Sep-12 7116550Aug-12 6823449Jul-12 7024458Jun-12 9124055May-12 9228954Apr-12 8228068Mar-12 11625763Feb-12 9218082Jan-12 14413065Dec-11 11312490Nov-11 13211669Oct-11 9314475Sep-11 11316374Aug-11 10819773Jul-11 10423477Jun-11 11925164May-11 10024073Apr-11 1002152© 2013 - 2014 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors05/07/13Information not guaranteed. © 2013 - 2014 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).2 of
  • 10. Months Supply of Inventory (UC Calculation)2 Years (Monthly) 04/01/11 - 04/30/13Sublocations:-65.54Price:HAR Bedrooms:Period:MSI-UC2 Years (Monthly)107-2.73Single-Family: (Free Standing, Patio Home, Duplex)Property Types:KEY INFORMATIONAllAll Lot Size:All-3.68-0.15Sq Ft:AllAll Bathrooms:MLS: AllConstruction Type:Information not guaranteed. © 2013 - 2014 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).1 of 2© 2013 - 2014 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors05/07/13
  • 11. BHGRE Gary GreeneMarket DynamicsMonths Supply of Inventory (UC Calculation)2 Years (Monthly) 04/01/11 - 04/30/13Period NAR MSI # SoldMSI# For Sale LastDay of Month# UnderContractTime2.0Apr-13 318 2244441.42.1Mar-13 265 2104421.72.5Feb-13 225 1714231.93.4Jan-13 185 1314462.42.5Dec-12 135 1814553.42.9Nov-12 164 1845313.23.1Oct-12 190 1865713.02.8Sep-12 165 2206143.72.6Aug-12 234 2596712.92.9Jul-12 244 2397042.92.4Jun-12 240 3057183.02.6May-12 289 2767272.53.6Apr-12 280 2127552.73.9Mar-12 257 1907472.96.4Feb-12 180 1127194.07.6Jan-12 130 977335.64.6Dec-11 124 1577155.86.0Nov-11 116 1327946.85.5Oct-11 144 1558515.95.1Sep-11 163 1799055.63.4Aug-11 197 2739244.74.0Jul-11 234 2501,0044.34.2Jun-11 251 2531,0604.25.1May-11 240 2171,1004.66.1Apr-11 215 1811,1075.12© 2013 - 2014 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors05/07/13Information not guaranteed. © 2013 - 2014 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).2 of
  • 12. ! Page 19000 Forest Crossing The Woodlands, Texas 77381 Office: 281.367.3531 or 800.932.7253The Woodlands Texas Real Estate ReportMonths Supply Of “For Sale” Listing Inventory – May 7th, 2013Q. Is it a Seller’s Market? A. Yes.According to real estate economists a six-month supply of For Sale Inventory represents a balanced market. Oversix months of For Sale Inventory indicates a buyer’s market. Less than six months of inventory in considered aseller’s market. As we can see from these inventory numbers below we are locked into a Hercules strong seller’smarket Here’s a break down by price.PRICE RANGE. . . . . . . . . . . . . . . MONTHS SUPPLY OF LISTING INVENTORY$000,000 – $200,000 . . . . . . . . . . . . . . . . . . . . .08$200,001 – $300,000 . . . . . . . . . . . . . . . . . . . . 2.2$300,001 – $400,000 . . . . . . . . . . . . . . . . . . . . 1.8$400,001 – $500,000 . . . . . . . . . . . . . . . . . . . . 2.3$500,001 – $600,000 . . . . . . . . . . . . . . . . . . . . 2.3$600,001 – $700,000 . . . . . . . . . . . . . . . . . . . . 3.8$700,001 – $800,000 . . . . . . . . . . . . . . . . . . . . 3.8$800,001 – $900,000 . . . . . . . . . . . . . . . . . . . . 4.3$900,001 – $1,000,000 . . . . . . . . . . . . . . . . . . . 5.3$1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.5What does this mean?For buyers: When you find something you love, don’t hesitate to submit an offer. If you snooze you lose out.For sellers: If you were thinking of selling, due to lack of inventory and an abundance of qualified buyers, now isa safe and opportune time to sell. Three key factors that impact salability are merchandising (staging), massivebroadcast marketing and savvy pricing. Choose the best broker to help you position your property aggressively intoday’s market and you’ll sell your property for HIGHEST possible price and the BEST possible terms. Ignorethese salability factors and the property will languish unsold, even in a strong market.Closing thoughts.While mulling over these inventory numbers, keep in mind these figures represent big averages across TheWoodlands. Real estate is hyper local in nature and market conditions for your specific property, in your specificneighborhood may be different that the big average you see above. To find out what’s happening in yourneighborhood, contact us and we’ll provide you with an up to the minute, on-target Months Supply of Inventoryreport. Give us a call and we’ll send you your free report – pronto.