The Woodlands Residential Real Estate Report | May/June 2014

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Average and Median sold prices, average price per square foot, average Days On Market, months supply of inventory and more.

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The Woodlands Residential Real Estate Report | May/June 2014

  1. 1. The$Home$Sales$Real$Estate$Report$ $The$Woodlands$|$June$2014$ Lis=ng$Inventory$Month$By$Month$ Home$Sales$Month$By$Month$$ Average$Sold$Price$/$Median$Sold$Price$–$Month$By$Month$ Average$Price$Per$Square$Foot$–$Month$By$Month$ Average$Days$On$Market$–$Month$By$Month$ Months$Supply$of$For$Sale$Inventory$–$Month$By$Month$$ Sold$Price$To$List$Price$%$P$By$Broker$ $ 9000 Forest Crossing Drive | The Woodlands TX 77381 | 281-367-3531 281-367-3531
  2. 2. The Woodlands Texas Real Estate Report! Unsold Listing Inventory - Month to Month / 2009 to 2014! Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 355 366 373 445 497 556 2013 402 377 407 426 421 423 454 465 429 388 392 386 2012 685 695 695 699 665 668 660 634 568 528 485 406 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 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 350 550 750 950 1150 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 355 366 373 445 497 556 2014 2013 2012 2011 2010 2009
  3. 3. The Woodlands Texas Real Estate Report! Properties Placed Under Contract - Month to Month / 2009 to 2014! Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 195 203 277 314 300 2013 182 257 290 327 364 304 270 228 177 212 149 133 2012 139 196 275 303 323 265 267 239 173 207 178 145 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 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 175 250 325 400 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 195 203 277 314 300 2014 2013 2012 2011 2010 2009
  4. 4. KEY INFORMATION 2 Years (Monthly) 05/01/12 - 05/31/14 Sold Average vs. Median Price 20.81 1.13 2,391.25Median Average 3,996.14 95,907.40 27.24 57,390.100.87 Sublocations: All Bathrooms: Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic) Sq Ft: HAR AllAll AllAllAll Lot Size:Bedrooms: Property Types: 107 2 Years (Monthly) Construction Type:Price:Period:MLS: 06/02/14 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 1 of 2
  5. 5. BHGRE Gary Greene 2 Years (Monthly) 05/01/12 - 05/31/14 Market Dynamics Sold Average vs. Median Price Time Period # Properties Sold Sold Average $ Sold Median $ Sold Avg DOMAverage $ - Median $ Median $ as % of Average $ 239May-14 454,237 77.0350,000 104,237 31 228Apr-14 439,235 73.6323,500 115,735 33 208Mar-14 434,563 73.4319,125 115,438 38 144Feb-14 441,023 73.5324,350 116,673 43 128Jan-14 417,778 71.8300,000 117,778 46 174Dec-13 417,356 85.1355,000 62,356 43 178Nov-13 413,108 75.3311,000 102,108 47 172Oct-13 459,044 70.0321,500 137,544 36 193Sep-13 395,956 77.3306,000 89,956 32 278Aug-13 411,555 75.3309,900 101,655 27 312Jul-13 448,792 75.6339,500 109,292 27 321Jun-13 421,217 78.3330,000 91,217 28 307May-13 420,169 72.6305,000 115,169 32 234Apr-13 393,727 75.6297,869 95,858 38 214Mar-13 378,182 78.1295,250 82,932 45 172Feb-13 353,727 76.6271,000 82,727 54 131Jan-13 387,824 78.0302,500 85,324 65 181Dec-12 420,754 64.0269,500 151,254 68 184Nov-12 329,001 81.8269,230 59,771 51 186Oct-12 359,952 76.8276,350 83,602 47 220Sep-12 320,877 81.0260,000 60,877 47 259Aug-12 348,340 77.4269,500 78,840 53 239Jul-12 384,803 80.7310,500 74,303 56 305Jun-12 384,889 78.2301,000 83,889 48 276May-12 368,856 80.1295,475 73,381 63 © 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 2 06/02/142 of Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
  6. 6. Average $/SQFT (Sold) 2 Years (Monthly) 05/01/12 - 05/31/14 Price: 1.15 All All All 32.30 Property Types: HAR Sold $/SQFT MLS: AllBathrooms: 1.35 All Construction Type: Sq Ft: 2 Years (Monthly) Sublocations: All 27.58 Lot Size:Period: Bedrooms: KEY INFORMATION Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic) 107 06/02/14 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 1 of 2
  7. 7. Average $/SQFT (Sold) 2 Years (Monthly) 05/01/12 - 05/31/14 Market Dynamics BHGRE Gary Greene # FOR SALE SQFTPeriod $/Avg SQFT Time Avg $ UNDER CONTRACT # Avg $ Avg SQFT $/ SQFT SOLD EXPIRED NEW LISTINGS # # #Avg $ Avg $ Avg $ Avg SQFT $/ SQFT Avg SQFT $/ SQFT Avg SQFT $/ SQFT 196May-14 938 3,565696,845 300 448,977 2,946 152 239 78 406454,237 650,600 557,2722,993 151 3,539 184 3,193 174 194Apr-14 867 3,591694,672 282 485,615 3,076 158 228 53 387439,235 716,023 531,7382,987 147 3,748 191 3,220 165 193Mar-14 810 3,581692,322 263 448,594 2,999 149 208 67 367434,563 691,085 489,8013,005 145 3,639 190 3,079 159 201Feb-14 681 3,690742,853 189 510,142 3,089 165 144 49 245441,023 580,439 531,8362,978 148 3,229 180 3,202 165 201Jan-14 671 3,697743,547 185 440,026 3,014 146 128 50 236417,778 838,648 632,4132,945 142 3,910 214 3,402 186 196Dec-13 630 3,665716,075 124 411,607 2,945 140 174 71 145417,356 710,107 509,3082,985 139 3,742 190 3,149 162 197Nov-13 663 3,660719,600 138 422,997 2,968 141 178 40 169413,108 1,036,091 525,6293,025 137 4,105 252 3,069 171 187Oct-13 752 3,607674,114 195 440,743 3,044 145 172 63 218459,044 519,447 505,5183,056 150 3,347 155 3,136 161 185Sep-13 764 3,591665,462 167 417,815 2,890 145 193 63 206395,956 665,199 512,6672,929 135 3,682 181 3,156 163 180Aug-13 844 3,535636,099 213 431,212 3,007 143 278 73 283411,555 578,290 455,3392,983 138 3,431 169 3,020 151 179Jul-13 871 3,571639,786 247 440,715 2,987 148 312 63 337448,792 641,120 501,0383,159 142 3,862 166 3,226 155 176Jun-13 862 3,558626,584 274 413,484 3,018 137 321 54 335421,217 711,432 431,5723,078 137 4,011 177 3,090 140 176May-13 908 3,566627,751 342 459,202 3,147 146 307 39 380420,169 446,463 449,0283,038 138 3,338 134 3,081 146 178Apr-13 866 3,617645,157 290 457,908 3,110 147 234 48 380393,727 553,028 517,9963,023 130 3,393 163 3,279 158 175Mar-13 800 3,602631,730 263 410,517 3,030 136 214 51 344378,182 697,077 456,2812,956 128 3,892 179 3,166 144 178Feb-13 710 3,651650,330 224 391,498 3,007 130 172 30 242353,727 853,851 490,4832,909 122 4,231 202 3,229 152 174Jan-13 717 3,626629,868 185 380,287 2,973 128 131 64 245387,824 597,253 474,3362,981 130 3,717 161 3,248 147 177Dec-12 681 3,601637,864 135 449,520 3,044 148 181 74 135420,754 517,532 401,4623,038 138 3,223 161 3,045 132 173Nov-12 769 3,524608,938 164 358,522 2,846 126 184 59 186329,001 496,401 411,0252,864 115 3,420 147 3,040 135 173Oct-12 859 3,492603,551 190 379,062 2,965 128 186 86 234359,952 634,951 432,8542,954 121 3,378 188 3,033 143 171Sep-12 868 3,485594,983 165 364,915 2,881 127 220 78 187320,877 500,917 429,8502,825 114 3,349 150 3,051 141 165Aug-12 1,007 3,430564,393 234 362,192 2,930 123 259 92 296348,340 516,604 393,8892,927 119 3,416 151 2,993 131 161Jul-12 1,040 3,439555,120 244 349,618 2,952 118 239 85 317384,803 473,710 419,4053,138 123 3,395 140 3,133 134 163Jun-12 1,065 3,437559,140 240 392,849 3,013 130 305 102 334384,889 557,136 447,0903,110 124 3,469 161 3,171 141 157May-12 1,114 3,412536,558 289 378,257 3,065 123 276 94 356368,856 449,500 386,1563,072 120 3,341 135 3,075 126 © 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 2 06/02/142 of Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
  8. 8. 2 Years (Monthly) 05/01/12 - 05/31/14 Average DOM for Under Contract Properties -1.02 107 Sq Ft: Bathrooms:All All DOM Construction Type: Sublocations: Period: Property Types: -24.59 -44.90-1.87 Lot Size:All KEY INFORMATION Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic) All HAR AllBedrooms: AllMLS: Price:2 Years (Monthly) Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 1 of 2 © 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 06/02/14
  9. 9. Average DOM for Under Contract Properties Market Dynamics BHGRE Gary Greene 2 Years (Monthly) 05/01/12 - 05/31/14 Period Avg DOM Avg CDOMContract # UnderTime 24May-14 29300 31Apr-14 47282 31Mar-14 48263 43Feb-14 62189 46Jan-14 71185 49Dec-13 62124 37Nov-13 53138 45Oct-13 62195 35Sep-13 58167 33Aug-13 44213 31Jul-13 47247 23Jun-13 42274 28May-13 38342 35Apr-13 63290 31Mar-13 50263 45Feb-13 67224 57Jan-13 86185 69Dec-12 100135 56Nov-12 80164 56Oct-12 86190 44Sep-12 71165 50Aug-12 68234 49Jul-12 70244 58Jun-12 91240 55May-12 92289 2 © 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 06/02/14 Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2 of
  10. 10. ! Page 1 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 – June 1st , 2014 Q. Is it a Seller’s Market? A. Under $1,000,000 = YES. 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. As we can see from these inventory numbers below we are locked into a Hercules strong seller’s market. Here’s a break down by price. PRICE RANGE. . . . . . . . . . . . . . . MONTHS SUPPLY OF LISTING INVENTORY $000,000 – $200,000 . . . . . . . . . . . . . . . . . . . . 21 Days $200,001 – $300,000 . . . . . . . . . . . . . . . . . . . . 1.2 Month $300,001 – $400,000 . . . . . . . . . . . . . . . . . . . . 2.0 Months $400,001 – $500,000 . . . . . . . . . . . . . . . . . . . . 3.2 Months $500,001 – $600,000 . . . . . . . . . . . . . . . . . . . . 3.4 Months $600,001 – $700,000 . . . . . . . . . . . . . . . . . . . . 4.4 Months $700,001 – $800,000 . . . . . . . . . . . . . . . . . . . . 6.1 Months $800,001 – $900,000 . . . . . . . . . . . . . . . . . . . . 5.3 Months $900,001 – $1,000,000 . . . . . . . . . . . . . . . . . . . 5.4 Months $1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.1 Months All Price Ranges . . . . . . . . . . . . . . . . . . . . . . . 2.6 Months What does this mean? For buyers, in a seller’s market, 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 is a safe and opportune time to sell. Three key factors that impact salability are merchandising (staging), massive broadcast marketing and a savvy Coming Soon Strategy. Choose the best broker to help you position your property aggressively in today’s market and you’ll sell your property for HIGHEST possible price and the BEST possible terms. Ignore these salability factors even in a strong seller’s market the property will languish unsold. 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.
  11. 11. Months Supply of Inventory (UC Calculation) 2 Years (Monthly) 05/01/12 - 05/31/14 Sublocations: -26.50 Price:HAR Bedrooms:Period: MSI-UC 2 Years (Monthly) 107 -1.10 Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)Property Types: KEY INFORMATION All All Lot Size:All -0.79-0.03 Sq Ft: AllAll Bathrooms:MLS: AllConstruction Type: Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 1 of 2 © 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 06/02/14
  12. 12. BHGRE Gary GreeneMarket Dynamics Months Supply of Inventory (UC Calculation) 2 Years (Monthly) 05/01/12 - 05/31/14 Period NAR MSI # SoldMSI # For Sale Last Day of Month # Under Contract Time 2.3May-14 300 2395601.9 2.3Apr-14 282 2285321.9 2.3Mar-14 263 2084801.8 3.1Feb-14 189 1444432.3 3.4Jan-14 185 1284362.4 2.5Dec-13 124 1744353.5 2.7Nov-13 138 1784853.5 2.9Oct-13 195 1724942.5 2.8Sep-13 167 1935343.2 2.0Aug-13 213 2785582.6 1.8Jul-13 247 3125612.3 1.7Jun-13 274 3215341.9 1.7May-13 342 3075271.5 2.3Apr-13 290 2345281.8 2.3Mar-13 263 2144861.8 2.7Feb-13 224 1724562.0 3.6Jan-13 185 1314682.5 2.6Dec-12 135 1814723.5 3.0Nov-12 164 1845463.3 3.1Oct-12 190 1865833.1 2.8Sep-12 165 2206253.8 2.6Aug-12 234 2596812.9 3.0Jul-12 244 2397112.9 2.4Jun-12 240 3057233.0 2.6May-12 289 2767312.5 2 © 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 06/02/14 Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). 2 of
  13. 13. Market Share Totals BHGRE Gary Greene Sublocations: Price: Single-Family: (Free Standing, Patio Home) Bathrooms: Property Types: AllDate: AllCMS All 107 HAR All09/01/2013 - 05/31/2014 SoldStatus: Construction Type:Type: Bedrooms:MLS: 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 21 of 06/01/14 The%Woodlands,%TX $525K%=%Average%Sold%Price 97%%=%Sold%Price%To%List%Price%% 34%=%Average%Days%On%Market% BeHer%Homes%And%Gardens%Real%Estate%Gary%Greene 9000%Forest%Crossing%Drive,%The%Woodlands%TX%77381 281S367S3531
  14. 14. Market Share Totals BHGRE Gary Greene Sublocations: Price: Single-Family: (Free Standing, Patio Home) Bathrooms: Property Types: AllDate: AllCMS All 107 HAR $500,000 - $999,999,99909/01/2013 - 05/31/2014 SoldStatus: Construction Type:Type: Bedrooms:MLS: Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors). © 2014 - 2015 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors 21 of 06/01/14 The$Woodlands,$TX$|$$500,000+ 97.2%$=$Average$Sold$Price$To$List$Price$% 60$=$Average$Days$On$Market Be4er$Homes$And$Gardens$Real$Estate$Gary$Greene 9000$Forest$Crossing$Drive,$The$Woodlands 281H367H3531$
  15. 15. Market Share Totals BHGRE Gary Greene Sublocations: Price: Single-Family: (Free Standing, Patio Home) Bathrooms: Property Types: AllDate: AllCMS All 107 HAR $1,000,000 - $999,999,99909/01/2013 - 05/31/2014 SoldStatus: Construction Type:Type: Bedrooms:MLS: 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 21 of 06/01/14 The&Woodlands&TX&|&$1,000,000+ 97.3%&=&Average&Sold&Price&To&List&Price&Percentage 87&=&Averages&Days&On&Market BeAer&Homes&And&Gardens&Real&Estate&Gary&Greene 9000&Forest&Crossing&Drive,&The&Woodlands&TX 281P367P3531

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