Real Estate Market Report for The Woodlands, Tx
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Real Estate Market Report for The Woodlands, Tx

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October 2012 Market Report for The Woodlands Area.

October 2012 Market Report for The Woodlands Area.

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Real Estate Market Report for The Woodlands, Tx Real Estate Market Report for The Woodlands, Tx Presentation Transcript

  • Real%Estate%Sales%Report%The%Woodlands,%TX%|%September/October%2012 %Homes%Sales%Month?To%Month%2008/2012%LisCng%Inventory%Month?To?Month%2008/2012%Average%Sold%Price%/%Median%Sold%Price%–%Month%By%Month%Average%Price%Per%Square%Foot%–%Month%By%Month% 281-367-3531Average%Days%On%Market%–%Month%By%Month% 9000 Forest Crossing DriveMonths%Supply%of%For%Sale%Inventory%–%Month%By%Month% The Woodlands, TX 77381
  • The Woodlands Texas Real Estate Report Properties Placed Under Contract - Month to Month / 2008 to 2012400 323325 303 275 265 267 239250 196 173175 139 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 2011 2010 2009 2008 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 139 196 275 303 323 265 267 239 173 2011 161 145 236 232 265 272 245 212 182 153 122 125 2010 111 166 224 269 188 177 194 175 167 167 121 126 2009 114 158 172 207 224 224 229 173 169 156 120 109 2008 179 185 201 259 273 247 214 187 117 126 109 100 Better Homes And Gardens Real Estate Gary Greene - 9000 Forest Crossing, The Woodlands Texas / 281-367-3531 Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family/TheWoodlands TX
  • The Woodlands Texas Real Estate Report Unsold Listing Inventory - Month to Month / 2008 to 201213001113 925 738685 695 695 699 665 668 660 634 568 550 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Category Title 2012 2011 2010 2009 2008 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 685 695 695 699 665 668 660 634 568 2011 874 956 1001 1045 1060 990 952 951 875 854 803 746 2010 699 776 837 918 928 1001 1084 1107 1058 988 878 869 2009 762 819 831 890 931 920 973 933 863 807 783 746 2008 602 675 729 774 885 858 910 909 880 800 813 799 Better Homes And Gardens Real Estate Gary Greene - 9000 Forest Crossing, The Woodlands Texas / 281-367-3531 Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family/TheWoodlands TX
  • Sold Average vs. Median Price 2 Years (Monthly) 09/01/10 - 09/30/12 KEY INFORMATIONAverage 549.81 0.16 13,195.45 3.76Median 921.81 0.35 22,123.35 8.50MLS: HAR Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Single-Family: (Free Standing, Patio Home) Sq Ft: AllSublocations: 107 1 of 2 10/02/12 Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2012 - 2013 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
  • Market Dynamics BHGRE Gary Greene Sold Average vs. Median Price 2 Years (Monthly) 09/01/10 - 09/30/12Time Period # Properties Sold Sold Average $ Sold Median $ Average $ - Median $ Median $ as % of Average $ Sold Avg DOMSep-12 196 322,209 257,250 64,959 79.8 49Aug-12 258 349,057 269,600 79,457 77.2 53Jul-12 239 384,803 310,500 74,303 80.7 56Jun-12 304 385,135 300,500 84,635 78.0 48May-12 275 369,610 295,950 73,660 80.1 63Apr-12 211 360,656 265,375 95,281 73.6 68Mar-12 190 366,555 291,000 75,555 79.4 65Feb-12 112 341,316 283,850 57,466 83.2 76Jan-12 97 428,281 258,000 170,281 60.2 78Dec-11 153 374,040 293,770 80,270 78.5 80Nov-11 131 326,620 253,000 73,620 77.5 80Oct-11 155 304,773 229,000 75,773 75.1 72Sep-11 179 377,317 249,000 128,317 66.0 65Aug-11 273 393,468 272,000 121,468 69.1 77Jul-11 248 313,247 261,511 51,736 83.5 74Jun-11 241 357,016 285,000 72,016 79.8 69May-11 217 370,895 299,000 71,895 80.6 71Apr-11 179 324,962 262,000 62,962 80.6 77Mar-11 164 402,373 267,500 134,873 66.5 85Feb-11 114 358,029 285,495 72,534 79.7 102Jan-11 90 364,473 272,500 91,973 74.8 90Dec-10 151 343,298 260,000 83,298 75.7 93Nov-10 150 300,939 235,500 65,439 78.3 76Oct-10 138 361,357 244,450 116,907 67.6 79Sep-10 160 364,563 281,500 83,063 77.2 79 2 of 2 10/02/12 Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2012 - 2013 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
  • Average $/SQFT (Sold) 2 Years (Monthly) 09/01/10 - 09/30/12 KEY INFORMATIONSold $/SQFT 0.16 0.13 3.78 3.23MLS: HAR Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Single-Family: (Free Standing, Patio Home) Sq Ft: AllSublocations: 107 1 of 2 10/02/12 Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2012 - 2013 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
  • Market Dynamics BHGRE Gary Greene Average $/SQFT (Sold) 2 Years (Monthly) 09/01/10 - 09/30/12 FOR SALE UNDER CONTRACT SOLD EXPIRED NEW LISTINGSTime Avg $/ Avg $/ Avg $/ Avg $/ Avg $/Period # Avg $ SQFT SQFT # Avg $ SQFT SQFT # Avg $ SQFT SQFT # Avg $ SQFT SQFT # Avg $ SQFT SQFTSep-12 831 597,312 3,493 171 177 378,406 2,898 131 196 322,209 2,819 114 79 483,099 3,338 145 183 434,776 3,053 142Aug-12 1,000 561,489 3,424 164 238 362,698 2,940 123 258 349,057 2,932 119 114 511,967 3,335 153 294 397,428 2,996 132Jul-12 1,054 549,183 3,425 160 245 349,090 2,950 118 239 384,803 3,138 123 103 472,495 3,343 141 317 422,863 3,140 135Jun-12 1,091 555,809 3,430 162 239 393,539 3,014 131 304 385,135 3,110 124 115 587,313 3,543 166 333 446,754 3,174 141May-12 1,147 531,656 3,398 156 288 378,998 3,070 123 275 369,610 3,077 120 101 426,125 3,244 131 356 386,835 3,075 126Apr-12 1,151 543,171 3,431 158 281 407,922 3,159 129 211 360,656 2,989 121 79 486,931 3,272 149 371 426,059 3,137 136Mar-12 1,118 538,552 3,431 157 256 390,933 3,090 127 190 366,555 3,091 119 82 425,618 3,165 134 373 402,141 3,100 130Feb-12 1,006 548,365 3,456 159 180 357,360 2,973 120 112 341,316 3,058 112 81 434,910 3,240 134 252 409,191 3,113 131Jan-12 974 563,138 3,517 160 130 393,509 3,106 127 97 428,281 3,188 134 90 542,247 3,662 148 239 435,823 3,242 134Dec-11 969 571,158 3,523 162 123 429,833 3,147 137 153 374,040 3,064 122 111 506,728 3,390 149 158 475,897 3,304 144Nov-11 1,040 546,328 3,464 158 114 383,961 3,031 127 131 326,620 2,861 114 115 401,303 3,173 127 176 471,711 3,057 154Oct-11 1,123 519,745 3,425 152 142 342,737 2,900 118 155 304,773 2,816 108 117 426,024 3,162 135 209 435,107 3,210 136Sep-11 1,198 505,242 3,384 149 163 339,424 2,849 119 179 377,317 2,995 126 121 472,869 3,421 137 268 399,936 3,095 129Aug-11 1,272 492,361 3,324 148 197 336,942 2,821 119 273 393,468 3,102 127 145 426,269 3,087 135 264 374,190 3,023 124Jul-11 1,381 490,302 3,314 148 233 411,770 3,104 133 248 313,247 2,884 109 140 383,336 3,024 127 318 392,700 3,037 129Jun-11 1,460 486,901 3,310 147 250 386,328 3,048 127 241 357,016 3,004 119 147 422,215 3,128 135 358 412,887 3,157 131May-11 1,472 480,167 3,292 146 240 366,717 2,994 122 217 370,895 3,110 119 130 428,701 3,275 131 362 385,614 3,081 125Apr-11 1,440 483,469 3,290 147 215 358,487 2,974 121 179 324,962 2,883 113 115 451,375 3,192 141 394 434,331 3,185 136Mar-11 1,379 474,773 3,255 146 215 388,833 3,092 126 164 402,373 3,160 127 118 390,194 2,893 135 417 418,645 3,074 136Feb-11 1,195 481,689 3,282 147 132 370,659 3,003 123 114 358,029 3,120 115 101 460,942 3,153 146 272 389,286 3,045 128Jan-11 1,175 482,441 3,290 146 146 407,581 3,125 130 90 364,473 2,996 122 106 354,986 2,985 119 267 370,965 2,998 124Dec-10 1,157 487,824 3,292 148 111 370,975 3,017 123 151 343,298 3,001 114 138 401,551 2,962 136 169 512,385 3,322 154Nov-10 1,235 467,387 3,250 144 116 359,729 2,952 122 150 300,939 2,726 110 131 440,265 3,234 136 218 376,171 2,999 125Oct-10 1,324 455,014 3,222 141 148 340,752 2,848 120 138 361,357 3,026 119 159 357,170 3,047 117 250 387,392 3,047 127Sep-10 1,379 457,957 3,232 141 154 403,375 3,001 132 160 364,563 3,021 118 151 422,599 3,249 130 264 377,982 3,018 125 2 of 2 10/02/12 Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2012 - 2013 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
  • Average DOM for Under Contract Properties 2 Years (Monthly) 09/01/10 - 09/30/12 KEY INFORMATIONDOM -1.58 -1.75 -37.99 -41.99MLS: HAR Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Single-Family: (Free Standing, Patio Home) Sq Ft: AllSublocations: 107 1 of 2 10/02/12 Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2012 - 2013 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
  • Market Dynamics BHGRE Gary Greene Average DOM for Under Contract Properties 2 Years (Monthly) 09/01/10 - 09/30/12Time # UnderPeriod Contract Avg DOM Avg CDOMSep-12 177 45 72Aug-12 238 50 67Jul-12 245 49 70Jun-12 239 57 89May-12 288 55 92Apr-12 281 54 81Mar-12 256 68 113Feb-12 180 63 92Jan-12 130 82 144Dec-11 123 65 114Nov-11 114 91 130Oct-11 142 69 94Sep-11 163 75 113Aug-11 197 74 108Jul-11 233 73 102Jun-11 250 77 119May-11 240 64 100Apr-11 215 73 100Mar-11 215 75 123Feb-11 132 77 134Jan-11 146 102 154Dec-10 111 102 156Nov-10 116 89 125Oct-10 148 72 106Sep-10 154 83 138 2 of 2 10/02/12 Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2012 - 2013 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
  • Average $/SQFT (Sold) 2 Years (Monthly) 09/01/10 - 09/30/12 KEY INFORMATIONSold $/SQFT 0.16 0.13 3.78 3.23MLS: HAR Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Single-Family: (Free Standing, Patio Home) Sq Ft: AllSublocations: 107 1 of 2 10/02/12 Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2012 - 2013 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
  • Market Dynamics BHGRE Gary Greene Average $/SQFT (Sold) 2 Years (Monthly) 09/01/10 - 09/30/12 FOR SALE UNDER CONTRACT SOLD EXPIRED NEW LISTINGSTime Avg $/ Avg $/ Avg $/ Avg $/ Avg $/Period # Avg $ SQFT SQFT # Avg $ SQFT SQFT # Avg $ SQFT SQFT # Avg $ SQFT SQFT # Avg $ SQFT SQFTSep-12 831 597,312 3,493 171 177 378,406 2,898 131 196 322,209 2,819 114 79 483,099 3,338 145 183 434,776 3,053 142Aug-12 1,000 561,489 3,424 164 238 362,698 2,940 123 258 349,057 2,932 119 114 511,967 3,335 153 294 397,428 2,996 132Jul-12 1,054 549,183 3,425 160 245 349,090 2,950 118 239 384,803 3,138 123 103 472,495 3,343 141 317 422,863 3,140 135Jun-12 1,091 555,809 3,430 162 239 393,539 3,014 131 304 385,135 3,110 124 115 587,313 3,543 166 333 446,754 3,174 141May-12 1,147 531,656 3,398 156 288 378,998 3,070 123 275 369,610 3,077 120 101 426,125 3,244 131 356 386,835 3,075 126Apr-12 1,151 543,171 3,431 158 281 407,922 3,159 129 211 360,656 2,989 121 79 486,931 3,272 149 371 426,059 3,137 136Mar-12 1,118 538,552 3,431 157 256 390,933 3,090 127 190 366,555 3,091 119 82 425,618 3,165 134 373 402,141 3,100 130Feb-12 1,006 548,365 3,456 159 180 357,360 2,973 120 112 341,316 3,058 112 81 434,910 3,240 134 252 409,191 3,113 131Jan-12 974 563,138 3,517 160 130 393,509 3,106 127 97 428,281 3,188 134 90 542,247 3,662 148 239 435,823 3,242 134Dec-11 969 571,158 3,523 162 123 429,833 3,147 137 153 374,040 3,064 122 111 506,728 3,390 149 158 475,897 3,304 144Nov-11 1,040 546,328 3,464 158 114 383,961 3,031 127 131 326,620 2,861 114 115 401,303 3,173 127 176 471,711 3,057 154Oct-11 1,123 519,745 3,425 152 142 342,737 2,900 118 155 304,773 2,816 108 117 426,024 3,162 135 209 435,107 3,210 136Sep-11 1,198 505,242 3,384 149 163 339,424 2,849 119 179 377,317 2,995 126 121 472,869 3,421 137 268 399,936 3,095 129Aug-11 1,272 492,361 3,324 148 197 336,942 2,821 119 273 393,468 3,102 127 145 426,269 3,087 135 264 374,190 3,023 124Jul-11 1,381 490,302 3,314 148 233 411,770 3,104 133 248 313,247 2,884 109 140 383,336 3,024 127 318 392,700 3,037 129Jun-11 1,460 486,901 3,310 147 250 386,328 3,048 127 241 357,016 3,004 119 147 422,215 3,128 135 358 412,887 3,157 131May-11 1,472 480,167 3,292 146 240 366,717 2,994 122 217 370,895 3,110 119 130 428,701 3,275 131 362 385,614 3,081 125Apr-11 1,440 483,469 3,290 147 215 358,487 2,974 121 179 324,962 2,883 113 115 451,375 3,192 141 394 434,331 3,185 136Mar-11 1,379 474,773 3,255 146 215 388,833 3,092 126 164 402,373 3,160 127 118 390,194 2,893 135 417 418,645 3,074 136Feb-11 1,195 481,689 3,282 147 132 370,659 3,003 123 114 358,029 3,120 115 101 460,942 3,153 146 272 389,286 3,045 128Jan-11 1,175 482,441 3,290 146 146 407,581 3,125 130 90 364,473 2,996 122 106 354,986 2,985 119 267 370,965 2,998 124Dec-10 1,157 487,824 3,292 148 111 370,975 3,017 123 151 343,298 3,001 114 138 401,551 2,962 136 169 512,385 3,322 154Nov-10 1,235 467,387 3,250 144 116 359,729 2,952 122 150 300,939 2,726 110 131 440,265 3,234 136 218 376,171 2,999 125Oct-10 1,324 455,014 3,222 141 148 340,752 2,848 120 138 361,357 3,026 119 159 357,170 3,047 117 250 387,392 3,047 127Sep-10 1,379 457,957 3,232 141 154 403,375 3,001 132 160 364,563 3,021 118 151 422,599 3,249 130 264 377,982 3,018 125 2 of 2 10/02/12 Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2012 - 2013 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
  • The Woodlands Texas Real Estate Report Months Supply Of “For Sale” Listing Inventory – October 1, 2012Is it a Buyer’s Market or a Seller’s Market?According to real estate economists a six-month supply of For Sale Inventory represents a balanced market. Ahigher number means it’s leaning towards a buyer’s market, less than six months, would indicate a seller’s market.As we can see from these inventory numbers, in price ranges below $900,000 there is an under supply of selection.PRICE RANGE. . . . . . MONTHS SUPPLY OF LISTING INVENTORY$000,000 – $200,000 . . . . . . . . . . . . . . . . . . . . 2.3$200,001 – $300,000 . . . . . . . . . . . . . . . . . . . . 2.3$300,001 – $400,000 . . . . . . . . . . . . . . . . . . . . 2.3$400,001 – $500,000 . . . . . . . . . . . . . . . . . . . . 2.5$500,001 – $600,000 . . . . . . . . . . . . . . . . . . . . 2.9$600,001 – $700,000 . . . . . . . . . . . . . . . . . . . . 3.5$700,001 – $800,000 . . . . . . . . . . . . . . . . . . . . 4.6$800,001 – $900,000 . . . . . . . . . . . . . . . . . . . . 4.1$900,001 – $1,000,000 . . . . . . . . . . . . . . . . . . . 7.0$1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.9What 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, nowwould be a smart time to sell. Three key factors that impact salability are merchandising (staging), broadcastmarketing and competitive pricing. Correctly tweak and amplify these three factors and you’ll be one of thesuccessful sellers attracting a qualified buyer. Ignore these salability factors and the property will languish unsold,even in a strong market. Position your property competitively in today’s market and you’ll be packing before youknow it.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. Page 1 9000 Forest Crossing The Woodlands, Texas 77381 Office: 281.367.3531 or 800.932.7253
  • Months Supply of Inventory (UC Calculation) 2 Years (Monthly) 09/01/10 - 09/30/12 KEY INFORMATIONMSI-UC -0.19 -2.62 -4.66 -62.83MLS: HAR Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Single-Family: (Free Standing, Patio Home) Sq Ft: AllSublocations: 107 1 of 2 10/02/12 Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2012 - 2013 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
  • Market Dynamics BHGRE Gary Greene Months Supply of Inventory (UC Calculation) 2 Years (Monthly) 09/01/10 - 09/30/12Time # For Sale Last # UnderPeriod MSI NAR MSI Day of Month Contract # SoldSep-12 3.2 2.9 575 177 196Aug-12 2.7 2.5 648 238 258Jul-12 2.9 3.0 706 245 239Jun-12 3.1 2.4 737 239 304May-12 2.6 2.8 758 288 275Apr-12 2.8 3.7 791 281 211Mar-12 3.0 4.1 780 256 190Feb-12 4.1 6.7 745 180 112Jan-12 5.8 7.8 754 130 97Dec-11 6.0 4.8 735 123 153Nov-11 7.1 6.2 811 114 131Oct-11 6.1 5.6 864 142 155Sep-11 5.6 5.1 914 163 179Aug-11 4.7 3.4 930 197 273Jul-11 4.3 4.1 1,008 233 248Jun-11 4.3 4.4 1,063 250 241May-11 4.6 5.1 1,102 240 217Apr-11 5.2 6.2 1,110 215 179Mar-11 4.9 6.4 1,046 215 164Feb-11 7.3 8.4 962 132 114Jan-11 6.3 10.3 923 146 90Dec-10 8.2 6.0 908 111 151Nov-10 8.5 6.6 988 116 150Oct-10 6.9 7.4 1,017 148 138Sep-10 7.0 6.7 1,074 154 160 2 of 2 10/02/12 Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2012 - 2013 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
  • Market Share Totals BHGRE Gary GreeneMLS: HAR Date: 01/01/2012 - 10/02/2012 Type: CMS Status: Sold Price: All Construction Type: All Bedrooms: All Bathrooms: AllProperty Types: Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)Sublocations: 107 1 of 2 10/02/12 Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2012 - 2013 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