Galveston County Condo Townhome Sales Report

Bulman Real Estate 2600 South Shore Blvd #300 League City, TX. 77573 281.450.8689 [email protected]

Market Report – Condos / Townhomes

Galveston*County,*Texas*1*November 2014

JEFF BULMAN, BROKER / OWNER $200,000,000 in real estate sales

Degree in Real Estate Certified Residential Specialist

Corporate Relocation Specialist Member of the Institute for Luxury Home Marketing

Member of the National Association of Realtors Member of the Texas Association of Realtors

Member of the Houston Association of Realtors

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Nov-2013 vs Nov-2014: The median sold price is down -14%Median Sold Price by Month

Bulman Real Estate | 281.450.8689

Nov-2013 vs. Nov-2014

Jeff Bulman

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MLS: HAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Counties:Property Types: : Townhouse/Condo

GalvestonPrice:

Median Sold Price by MonthNov-2013 vs Nov-2014: The median sold price is down -14%

Bulman Real Estate | 281.450.8689Jeff Bulman

Sold Median Price Units Avg DOMTime Period

Nov-14 107,500 24 81

Oct-14 104,950 30 77

Sep-14 120,000 33 79

Aug-14 129,400 41 84

Jul-14 98,000 36 105

Jun-14 98,200 42 66

May-14 110,750 36 70

Apr-14 102,000 39 82

Mar-14 105,000 29 95

Feb-14 93,250 18 120

Jan-14 82,800 23 103

Dec-13 118,500 13 99

Nov-13 124,350 18 71


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Nov-2013 vs Nov-2014: The median price of for sale properties is up 18% and the median price of sold properties is down -14%


Nov-2013 vs. Nov-2014

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Median For Sale vs Median Sold

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Nov-2013 vs. Nov-2014

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GalvestonPrice:

Median For Sale vs Median SoldNov-2013 vs Nov-2014: The median price of for sale properties is up 18% and the median price of sold properties is down -14%


For SaleMedian SoldMedianFor Sale # Properties # PropertiesSold Price Difference

Time Period

Nov-14 206 24129,950 107,500 -22,450Oct-14 234 30126,250 104,950 -21,300Sep-14 225 33120,000 120,000 0Aug-14 241 41128,000 129,400 1,400Jul-14 263 36130,000 98,000 -32,000Jun-14 261 42129,900 98,200 -31,700May-14 275 36119,900 110,750 -9,150Apr-14 279 39118,000 102,000 -16,000Mar-14 255 29119,000 105,000 -14,000Feb-14 221 18117,900 93,250 -24,650Jan-14 221 23116,900 82,800 -34,100Dec-13 228 13109,675 118,500 8,825Nov-13 240 18110,000 124,350 14,350

&ODUXV�0DUNHW0HWULFV�Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

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Nov-2013 vs Nov-2014: The number of Sold properties is up 33%Sold Properties by Month


Nov-2013 vs. Nov-2014

Jeff Bulman


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GalvestonPrice:

Sold Properties by MonthNov-2013 vs Nov-2014: The number of Sold properties is up 33%


Time Period

Full Market

Units Median Price Avg DOM

Bank Properties

Units % Bank Median Price

Non-Bank Properties

Units % Non-Bank Median PriceNov-14 107,50024 81 1 4.2 82,000 23 95.8 110,000

Oct-14 104,95030 77 0 0.0 30 100.0 104,950

Sep-14 120,00033 79 1 3.0 170,000 32 97.0 115,650

Aug-14 129,40041 84 1 2.4 165,000 40 97.6 125,700

Jul-14 98,00036 105 1 2.8 130,000 35 97.2 96,000

Jun-14 98,20042 66 2 4.8 73,200 40 95.2 98,200

May-14 110,75036 70 0 0.0 36 100.0 110,750

Apr-14 102,00039 82 2 5.1 114,500 37 94.9 102,000

Mar-14 105,00029 95 0 0.0 29 100.0 105,000

Feb-14 93,25018 120 1 5.6 138,500 17 94.4 93,000

Jan-14 82,80023 103 4 17.4 99,528 19 82.6 82,500

Dec-13 118,50013 99 1 7.7 85,000 12 92.3 119,200

Nov-13 124,35018 71 1 5.6 101,543 17 94.4 128,800


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Nov-2013 vs Nov-2014: The number of Under Contract properties is up 100%Under Contract Properties by Month


Nov-2013 vs. Nov-2014

Jeff Bulman


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AllBathrooms: SqFt:All

: Townhouse/Condo

All Square FootageConstruction Type: Lot Size:HAR

Galveston

Period: 1 Year MonthlyPrice:MLS:

All AllAll

Property Types:

Bedrooms:

Counties:

Under Contract Properties by MonthNov-2013 vs Nov-2014: The number of Under Contract properties is up 100%


Median Price UnitsUnits Median Price% Non-Bank

Full Market

% BankAvg DOMMedian Price

Bank Properties

Units

Non-Bank Properties

Time PeriodNov-14 131,65026 101 131,650100.0260.00Oct-14 93,50028 78 94,00096.42789,9003.61Sep-14 110,00022 91 110,000100.0220.00Aug-14 124,90031 70 124,900100.0310.00Jul-14 126,50046 87 126,500100.0460.00Jun-14 112,19536 107 111,99097.235127,9002.81May-14 89,75046 66 87,95091.342144,4508.74Apr-14 134,90040 74 134,900100.0400.00Mar-14 92,50028 69 97,50096.42746,9003.61Feb-14 133,00023 64 129,00095.722175,0004.31Jan-14 84,50027 132 84,75096.32649,9003.71Dec-13 101,20021 77 97,00090.519123,1009.52Nov-13 125,00013 119 127,00092.312120,0007.71


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Nov-2013 vs Nov-2014: The number of New properties is down -4%New Properties by Month


Nov-2013 vs. Nov-2014

Jeff Bulman


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GalvestonPrice:

New Properties by MonthNov-2013 vs Nov-2014: The number of New properties is down -4%



Full Market

% BankMedian Price

Bank Properties

Units

Non-Bank Properties

Time PeriodNov-14 119,00027 0 0.0 27 100.0 119,000Oct-14 125,00053 0 0.0 53 100.0 125,000Sep-14 109,90035 2 5.7 62,400 33 94.3 118,000Aug-14 119,50039 0 0.0 39 100.0 119,500Jul-14 100,00063 0 0.0 63 100.0 100,000Jun-14 148,99159 1 1.7 89,900 58 98.3 148,995May-14 140,33056 0 0.0 56 100.0 140,330Apr-14 108,90073 0 0.0 73 100.0 108,900Mar-14 119,90075 1 1.3 127,900 74 98.7 119,900Feb-14 90,00050 4 8.0 73,400 46 92.0 90,000Jan-14 140,00041 1 2.4 113,900 40 97.6 143,888Dec-13 116,75032 1 3.1 145,000 31 96.9 109,000Nov-13 92,50028 1 3.6 175,000 27 96.4 89,500


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Nov-2013 vs Nov-2014: The number of For Sale properties is down -14%For Sale Properties by Month


Nov-2013 vs. Nov-2014

Jeff Bulman


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GalvestonPrice:

For Sale Properties by MonthNov-2013 vs Nov-2014: The number of For Sale properties is down -14%



Full Market

% BankAvg DOMMedian Price

Bank Properties

Units

Non-Bank Properties

Time PeriodNov-14 129,950206 138 3 1.5 46,000 203 98.5 130,000Oct-14 126,250234 128 4 1.7 67,950 230 98.3 127,750Sep-14 120,000225 130 5 2.2 89,900 220 97.8 123,000Aug-14 128,000241 115 3 1.2 89,900 238 98.8 128,500Jul-14 130,000263 108 3 1.1 89,900 260 98.9 130,000Jun-14 129,900261 115 5 1.9 99,900 256 98.1 130,000May-14 119,900275 114 8 2.9 120,900 267 97.1 119,900Apr-14 118,000279 117 8 2.9 120,900 271 97.1 118,000Mar-14 119,000255 125 9 3.5 113,900 246 96.5 119,450Feb-14 117,900221 144 9 4.1 113,900 212 95.9 117,950Jan-14 116,900221 157 6 2.7 144,450 215 97.3 116,900Dec-13 109,675228 160 7 3.1 145,000 221 96.9 109,450Nov-13 110,000240 158 7 2.9 120,000 233 97.1 110,000


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Nov-2013 vs Nov-2014: The number of Expired properties is down -52%Expired Properties by Month


Nov-2013 vs. Nov-2014

Jeff Bulman

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GalvestonPrice:

Expired Properties by MonthNov-2013 vs Nov-2014: The number of Expired properties is down -52%


Median Price Units% BankAvg DOMUnits Median Price

Bank Properties

Units

Non-Bank Properties

% Non-Bank Median Price

Full Market

Nov-14 134,50015 182 0 0.0 15 100.0 134,500Oct-14 89,90027 129 0 0.0 27 100.0 89,900Sep-14 81,67522 113 1 4.5 89,900 21 95.5 79,500Aug-14 128,75020 77 0 0.0 20 100.0 128,750Jul-14 152,00015 152 0 0.0 15 100.0 152,000Jun-14 93,50025 140 1 4.0 99,900 24 96.0 86,725May-14 154,90027 83 0 0.0 27 100.0 154,900Apr-14 137,50020 156 0 0.0 20 100.0 137,500Mar-14 109,00021 162 0 0.0 21 100.0 109,000Feb-14 113,00018 153 0 0.0 18 100.0 113,000Jan-14 79,90023 116 0 0.0 23 100.0 79,900Dec-13 114,90027 126 0 0.0 27 100.0 114,900Nov-13 125,00031 149 0 0.0 31 100.0 125,000


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Nov-2013 vs Nov-2014: The number of for sale properties is down -14% and the number of sold properties is up 33%


Nov-2013 vs. Nov-2014

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Supply & Demand by Month

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GalvestonPrice:

Supply & Demand by MonthNov-2013 vs Nov-2014: The number of for sale properties is down -14% and the number of sold properties is up 33%

Jeff Bulman Bulman Real Estate | 281.450.8689

For Sale Sold# Properties

Avg DOM Avg DOM# Properties

Time Period

Nov-14 138 81206 24Oct-14 128 77234 30Sep-14 130 79225 33Aug-14 115 84241 41Jul-14 108 105263 36Jun-14 115 66261 42May-14 114 70275 36Apr-14 117 82279 39Mar-14 125 95255 29Feb-14 144 120221 18Jan-14 157 103221 23Dec-13 160 99228 13Nov-13 158 71240 18


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Nov-2013 vs Nov-2014: The average days on market is down -15%The Average Days on Market by Month


Nov-2013 vs. Nov-2014

Jeff Bulman

GalvestonAll 1 Year Monthly

Counties:Period:Price:

Property Types: : Townhouse/Condo

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All Square FootageBedrooms: All AllSqFt:

All Lot Size:Bathrooms:AllConstruction Type:MLS: HAR

The Average Days on Market by MonthNov-2013 vs Nov-2014: The average days on market is down -15%


# UC UnitsAvg DOMTime PeriodNov-14 26101Oct-14 2878Sep-14 2291Aug-14 3170Jul-14 4687Jun-14 36107May-14 4666Apr-14 4074Mar-14 2869Feb-14 2364Jan-14 27132Dec-13 2177Nov-13 13119

&ODUXV�0DUNHW0HWULFV� 2/2 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

Nov-2013 vs Nov-2014: The average months supply of inventory is down -58.0%


Nov-2013 vs. Nov-2014

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Months Supply of Inventory

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GalvestonPrice:

Months Supply of InventoryNov-2013 vs Nov-2014: The average months supply of inventory is down -58.0%

Jeff Bulman Bulman Real Estate | 281.450.8689

During MonthLast Day of Month MSI# Units For Sale # UC Units

UC Avg DOMTime Period

Nov-14 26 101165 6.3Oct-14 28 78179 6.4Sep-14 22 91181 8.2Aug-14 31 70190 6.1Jul-14 46 87202 4.4Jun-14 36 107200 5.6May-14 46 66202 4.4Apr-14 40 74219 5.5Mar-14 28 69206 7.4Feb-14 23 64180 7.8Jan-14 27 132171 6.3Dec-13 21 77180 8.6Nov-13 13 119196 15.1


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Galveston County Condo Townhome Sales Report

Real Estate

Transcript of Galveston County Condo Townhome Sales Report