77389 Home Sales Report | November 2017

TheHomeSalesRealEstateReport77389|November2017AverageSoldPrice/MedianSoldPrice– MonthByMonthAveragePricePerSquareFoot– MonthByMonthAverageDaysOnMarket– MonthByMonthMonthsSupplyofForSaleInventory– MonthByMonth

9000 Forest Crossing | The Woodlands TX | 281-367-3531

281-367-3531

KEY INFORMATION

2 Years (Monthly) 10/01/15 - 10/31/17

Market Dynamics BHGRE Gary GreeneSold Average vs. Median Price

Monthly % Total % Change

1.170.21

Monthly Change

151.97Median

Total ChangeAverage 808.92 19,414.12 5.06

3,647.260.05

ZIP Codes:All

Bathrooms:Single-Family: (Residential, Duplex) Sq Ft:

HAR AllAll AllAllAll Lot Size:Bedrooms:Property Types:

77389

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

11/05/17BrokerMetrics®Information not guaranteed. © 2006 - 2017 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

© 2017 - 2018 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) 10/01/15 - 10/31/17

Market DynamicsSold Average vs. Median Price

Time Period # Properties Sold Sold Average $ Sold Median $ Sold Avg DOMAverage $ - Median $ Median $ as % of Average $75Oct-17 361,478 88.5320,000 41,478 6375Sep-17 424,867 76.5325,000 99,867 4150Aug-17 417,540 81.7341,000 76,540 6372Jul-17 424,334 78.6333,450 90,884 7090Jun-17 414,953 77.6322,000 92,953 5075May-17 359,797 90.3325,000 34,797 6367Apr-17 383,901 74.2285,000 98,901 7866Mar-17 471,926 66.5313,750 158,176 7144Feb-17 326,667 76.2248,950 77,717 8727Jan-17 477,919 69.6332,700 145,219 11362Dec-16 412,042 73.8304,250 107,792 9363Nov-16 334,926 83.6280,000 54,926 7052Oct-16 332,372 89.6297,750 34,622 8069Sep-16 361,370 82.2297,000 64,370 5577Aug-16 407,720 76.0310,000 97,720 5897Jul-16 384,928 86.9334,500 50,428 7188Jun-16 386,528 89.3345,000 41,528 5968May-16 420,519 80.1337,000 83,519 7148Apr-16 418,808 77.2323,500 95,308 8152Mar-16 407,955 84.0342,500 65,455 5849Feb-16 444,304 67.8301,000 143,304 7241Jan-16 282,043 94.7267,000 15,043 7764Dec-15 435,391 80.2349,000 86,391 8239Nov-15 387,454 74.2287,500 99,954 8258Oct-15 357,719 89.6320,500 37,219 52


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Market DynamicsAverage $/SQFT (FS, Sold)

2 Years (Monthly) 10/01/15 - 10/31/17

BHGRE Gary Greene

Price:

-0.53

AllAll All

0.23-22.08

Property Types:HAR

Sold $/SQFTFor Sale $/SQFT

MLS: All

0.29

Bathrooms:

-0.92

All

5.556.87

Construction Type:

Total Change

Sq Ft:

Monthly Change

2 Years (Monthly)

ZIP Codes:

All

-12.70

Lot Size:Period:

Monthly %

Bedrooms:

KEY INFORMATION

Total % Change

Single-Family: (Residential, Duplex)77389

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Average $/SQFT (FS, Sold)2 Years (Monthly) 10/01/15 - 10/31/17

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

158Oct-17 473 3,683580,736 62 421,763 3,246 130 75 68 104361,478 507,972 504,6702,981 121 3,566 142 3,482 145154Sep-17 524 3,625558,840 70 390,410 3,040 129 75 85 104424,867 509,423 486,4353,098 137 3,603 141 3,402 143153Aug-17 551 3,609551,653 59 379,797 2,854 133 50 72 102417,540 545,973 436,9263,275 127 3,811 143 3,289 133153Jul-17 608 3,618553,483 82 411,278 3,178 129 72 77 178424,334 563,611 480,9583,209 132 3,715 152 3,327 145153Jun-17 574 3,664561,024 68 454,841 3,245 140 90 76 154414,953 528,839 508,4033,098 134 3,622 146 3,441 148154May-17 576 3,679564,475 84 403,621 3,111 130 75 72 171359,797 659,718 513,8093,034 119 3,959 171 3,522 147155Apr-17 532 3,625559,508 75 386,343 3,000 130 67 52 143383,901 603,966 466,9283,056 126 3,584 169 3,252 144155Mar-17 510 3,669567,221 68 484,847 3,323 146 66 53 172471,926 479,724 464,8913,286 144 3,428 140 3,399 137159Feb-17 440 3,701587,857 55 438,504 3,072 143 44 47 108326,667 536,553 509,4862,591 126 3,686 146 3,567 143160Jan-17 436 3,594573,753 54 363,382 2,740 133 27 50 126477,919 538,027 471,7843,199 149 3,524 153 3,248 145165Dec-16 404 3,718612,395 40 465,657 3,144 148 62 54 46412,042 704,990 516,9363,157 131 4,044 174 3,383 155166Nov-16 435 3,709615,773 38 388,981 2,922 133 63 39 84334,926 755,171 440,6042,917 115 4,001 189 3,275 135165Oct-16 471 3,727616,468 59 363,854 2,953 123 52 61 83332,372 623,581 491,3422,899 115 3,982 157 3,426 143164Sep-16 506 3,671603,245 73 359,730 2,901 124 69 45 108361,370 653,476 477,9613,015 120 3,890 168 3,259 147162Aug-16 521 3,682596,035 54 389,758 3,077 127 77 69 109407,720 519,787 465,7163,133 130 3,573 145 3,319 140162Jul-16 549 3,671595,205 82 421,892 3,122 135 97 55 130384,928 589,109 443,3503,176 121 3,689 160 3,312 134163Jun-16 563 3,689602,482 87 412,939 3,167 130 88 57 140386,528 598,940 509,3663,097 125 3,793 158 3,383 151165May-16 589 3,745618,440 84 441,706 3,289 134 68 82 147420,519 722,829 504,0593,209 131 3,982 182 3,469 145168Apr-16 578 3,755628,550 74 408,796 3,096 132 48 62 165418,808 691,723 492,9723,178 132 3,965 178 3,397 146172Mar-16 527 3,812657,291 58 410,880 3,115 132 52 56 137407,955 724,994 557,7903,203 127 3,912 185 3,543 157174Feb-16 478 3,827665,493 55 382,335 3,047 125 49 33 118444,304 821,274 532,8903,228 138 4,180 196 3,495 152174Jan-16 482 3,894678,795 50 477,041 3,279 145 41 72 134282,043 668,089 559,9572,704 104 4,111 162 3,623 155176Dec-15 445 3,902685,903 42 379,539 2,958 128 64 55 76435,391 675,291 519,3203,382 129 4,014 168 3,398 153173Nov-15 455 3,907677,583 55 371,580 3,082 121 39 31 64387,454 713,059 485,4722,956 131 4,190 170 3,440 141169Oct-15 523 3,837663,439 56 411,303 3,236 127 58 76 128357,719 614,679 502,5203,057 117 3,520 148 3,476 145


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BHGRE Gary GreeneMarket Dynamics

2 Years (Monthly) 10/01/15 - 10/31/17Average DOM for Under Contract Properties

Monthly %-0.44

77389

Total % Change

Sq Ft:Bathrooms:All All

DOM

Construction Type:

ZIP Codes:

Period:Property Types:

-10.59 -14.09Monthly Change

-0.59

Lot Size:All

KEY INFORMATION

Single-Family: (Residential, Duplex) AllHAR AllBedrooms:

Total Change

AllMLS: Price:2 Years (Monthly)

Information not guaranteed. © 2006 - 2017 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

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11/05/17

Average DOM for Under Contract PropertiesMarket Dynamics BHGRE Gary Greene

2 Years (Monthly) 10/01/15 - 10/31/17

Period Avg DOM Avg CDOMContract# UnderTime

62Oct-17 6271Sep-17 7052Aug-17 5958Jul-17 8257Jun-17 6857May-17 8459Apr-17 7572Mar-17 6874Feb-17 5589Jan-17 54

102Dec-16 4074Nov-16 3883Oct-16 5985Sep-16 7359Aug-16 5449Jul-16 8279Jun-16 8760May-16 8469Apr-16 7472Mar-16 5855Feb-16 5572Jan-16 5079Dec-15 4281Nov-15 5574Oct-15 56

2


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l Page 1 9000 Forest Crossing, The Woodlands, Texas 77381 Office: 281.367.3531 or 800.932.7253

77389 Home Sales Real Estate Report

Months Supply Of For-Sale Listing Inventory – November 5th, 2017 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 is considered a seller’s market. Here’s your break down by price. Months Supply Active Listings October Listings Price Range Of Listing Inventory On November 5th Under Contract $000,000 – $200,000 3.2 Months 13 8 $200,001 – $300,000 2.8 Months 50 14 $300,001 – $400,000 6.8 Months 81 13 $400,001 – $500,000 10.8 Months 49 8 $500,001 – $600,000 9.4 Months 37 9 $600,001 – $700,000 9.2 Months 23 3 $700,001 – $800,000 14.5 Months 20 3 $800,001 – $900,000 17.2 Months 14 1 $900,001 – $1,000,000 15.0 Months 5 0 $1,000,001+ 19.3 Months 46 3 All Price Ranges 5.4 Months 338 61 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.