Harris County Condos Townhomes Report November 2014
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Bulman Real Estate 2600 South Shore Blvd #300 League City, TX. 77573 281.450.8689 [email protected] Market Report – Condos / Townhomes Harris 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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Transcript of Harris County Condos Townhomes Report November 2014
Bulman Real Estate 2600 South Shore Blvd #300 League City, TX. 77573 281.450.8689 [email protected]
Market Report – Condos / Townhomes
Harris&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 up 10%Median Sold Price by Month
Bulman Real Estate | 281.450.8689
Nov-2013 vs. Nov-2014
Jeff Bulman
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
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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
HarrisPrice:
Median Sold Price by MonthNov-2013 vs Nov-2014: The median sold price is up 10%
Bulman Real Estate | 281.450.8689Jeff Bulman
Sold Median Price Units Avg DOMTime Period
Nov-14 157,500 392 36
Oct-14 152,000 509 35
Sep-14 155,000 517 32
Aug-14 139,500 516 33
Jul-14 167,500 541 31
Jun-14 157,000 545 34
May-14 147,000 558 38
Apr-14 160,000 503 43
Mar-14 155,200 424 51
Feb-14 141,000 381 48
Jan-14 132,000 369 54
Dec-13 164,650 454 53
Nov-13 143,200 427 40
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information 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 median price of for sale properties is up 51% and the median price of sold properties is up 10%
Bulman Real Estate | 281.450.8689
Nov-2013 vs. Nov-2014
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Jeff Bulman
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Median For Sale vs Median Sold
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Nov-2013 vs. Nov-2014
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&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
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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
HarrisPrice:
Median For Sale vs Median SoldNov-2013 vs Nov-2014: The median price of for sale properties is up 51% and the median price of sold properties is up 10%
Bulman Real Estate | 281.450.8689Jeff Bulman
For SaleMedian SoldMedianFor Sale # Properties # PropertiesSold Price Difference
Time Period
Nov-14 1,663 392179,900 157,500 -22,400Oct-14 1,882 509168,250 152,000 -16,250Sep-14 1,909 517159,900 155,000 -4,900Aug-14 2,070 516159,500 139,500 -20,000Jul-14 2,086 541139,900 167,500 27,600Jun-14 2,085 545139,900 157,000 17,100May-14 2,113 558139,900 147,000 7,100Apr-14 2,108 503133,875 160,000 26,125Mar-14 2,049 424129,500 155,200 25,700Feb-14 1,939 381120,000 141,000 21,000Jan-14 1,953 369119,900 132,000 12,100Dec-13 2,022 454115,000 164,650 49,650Nov-13 2,159 427119,000 143,200 24,200
&ODUXV�0DUNHW0HWULFV�Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
12/12/201422/
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Nov-2013 vs Nov-2014: The number of Sold properties is down -8%Sold Properties by Month
Bulman Real Estate | 281.450.8689
Nov-2013 vs. Nov-2014
Jeff Bulman
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
1/2
MLS: HAR Bedrooms:AllAll
Construction Type:All1 Year Monthly SqFt:
Bathrooms: Lot Size:All All Square FootagePeriod:All
Counties:Property Types: : Townhouse/Condo
HarrisPrice:
Sold Properties by MonthNov-2013 vs Nov-2014: The number of Sold properties is down -8%
Bulman Real Estate | 281.450.8689Jeff Bulman
Time Period
Full Market
Units Median Price Avg DOM
Bank Properties
Units % Bank Median Price
Non-Bank Properties
Units % Non-Bank Median PriceNov-14 157,500392 36 8 2.0 104,750 384 98.0 159,950
Oct-14 152,000509 35 16 3.1 86,075 493 96.9 156,500
Sep-14 155,000517 32 18 3.5 62,000 499 96.5 160,705
Aug-14 139,500516 33 22 4.3 59,211 494 95.7 143,000
Jul-14 167,500541 31 13 2.4 116,199 528 97.6 170,000
Jun-14 157,000545 34 12 2.2 100,950 533 97.8 160,000
May-14 147,000558 38 23 4.1 60,000 535 95.9 153,950
Apr-14 160,000503 43 12 2.4 81,500 491 97.6 160,000
Mar-14 155,200424 51 20 4.7 60,500 404 95.3 164,099
Feb-14 141,000381 48 11 2.9 42,000 370 97.1 146,000
Jan-14 132,000369 54 25 6.8 45,755 344 93.2 139,767
Dec-13 164,650454 53 20 4.4 68,300 434 95.6 171,000
Nov-13 143,200427 40 29 6.8 55,000 398 93.2 156,750
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information 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 Under Contract properties is up 3%Under Contract Properties by Month
Bulman Real Estate | 281.450.8689
Nov-2013 vs. Nov-2014
Jeff Bulman
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
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AllBathrooms: SqFt:All
: Townhouse/Condo
All Square FootageConstruction Type: Lot Size:HAR
Harris
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 3%
Bulman Real Estate | 281.450.8689Jeff Bulman
Median Price UnitsUnits Median Price% Non-Bank
Full Market
% BankAvg DOMMedian Price
Bank Properties
Units
Non-Bank Properties
Time PeriodNov-14 159,900412 38 163,37596.639874,9503.414Oct-14 159,700496 39 160,00097.248275,0002.814Sep-14 158,000454 36 164,90095.843570,0004.219Aug-14 159,700548 34 165,00095.852569,9954.223Jul-14 149,750533 32 155,00097.652085,0002.413Jun-14 152,875516 34 156,00097.1501104,9002.915May-14 159,000545 35 160,45097.2530106,9002.815Apr-14 165,000591 39 169,92596.857257,0003.219Mar-14 160,520514 40 166,50097.750270,2502.312Feb-14 156,950420 50 164,90096.240467,6503.816Jan-14 149,900448 53 155,00096.943440,5003.114Dec-13 138,000367 51 145,00091.833756,5008.230Nov-13 155,000399 49 165,00095.538146,2504.518
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
22/
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Nov-2013 vs Nov-2014: The number of New properties is down -6%New Properties by Month
Bulman Real Estate | 281.450.8689
Nov-2013 vs. Nov-2014
Jeff Bulman
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
1/2
MLS: HAR Bedrooms:AllAll
Construction Type:All1 Year Monthly SqFt:
Bathrooms: Lot Size:All All Square FootagePeriod:All
Counties:Property Types: : Townhouse/Condo
HarrisPrice:
New Properties by MonthNov-2013 vs Nov-2014: The number of New properties is down -6%
Bulman Real Estate | 281.450.8689Jeff Bulman
Median Price UnitsUnits Median Price% Non-Bank
Full Market
% BankMedian Price
Bank Properties
Units
Non-Bank Properties
Time PeriodNov-14 179,000489 15 3.1 86,900 474 96.9 184,200Oct-14 174,950658 20 3.0 69,100 638 97.0 180,000Sep-14 150,000626 19 3.0 69,900 607 97.0 154,900Aug-14 187,200708 20 2.8 88,450 688 97.2 194,900Jul-14 147,000720 19 2.6 97,000 701 97.4 149,900Jun-14 160,000695 26 3.7 84,950 669 96.3 164,000May-14 169,900759 18 2.4 74,950 741 97.6 175,000Apr-14 159,000740 23 3.1 66,000 717 96.9 164,900Mar-14 168,000671 15 2.2 69,000 656 97.8 172,250Feb-14 144,800611 15 2.5 70,000 596 97.5 145,750Jan-14 139,250590 16 2.7 77,400 574 97.3 141,950Dec-13 139,445408 19 4.7 69,899 389 95.3 142,000Nov-13 154,900519 17 3.3 57,000 502 96.7 156,338
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
22/
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Nov-2013 vs Nov-2014: The number of For Sale properties is down -23%For Sale Properties by Month
Bulman Real Estate | 281.450.8689
Nov-2013 vs. Nov-2014
Jeff Bulman
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
1/2
MLS: HAR Bedrooms:AllAll
Construction Type:All1 Year Monthly SqFt:
Bathrooms: Lot Size:All All Square FootagePeriod:All
Counties:Property Types: : Townhouse/Condo
HarrisPrice:
For Sale Properties by MonthNov-2013 vs Nov-2014: The number of For Sale properties is down -23%
Bulman Real Estate | 281.450.8689Jeff Bulman
Median Price UnitsUnits Median Price% Non-Bank
Full Market
% BankAvg DOMMedian Price
Bank Properties
Units
Non-Bank Properties
Time PeriodNov-14 179,9001,663 83 50 3.0 74,000 1,613 97.0 185,500Oct-14 168,2501,882 81 54 2.9 70,000 1,828 97.1 175,000Sep-14 159,9001,909 83 59 3.1 70,000 1,850 96.9 164,900Aug-14 159,5002,070 80 69 3.3 70,000 2,001 96.7 164,900Jul-14 139,9002,086 82 67 3.2 70,000 2,019 96.8 145,000Jun-14 139,9002,085 83 71 3.4 70,000 2,014 96.6 145,000May-14 139,9002,113 84 63 3.0 71,900 2,050 97.0 143,825Apr-14 133,8752,108 86 68 3.2 69,900 2,040 96.8 138,000Mar-14 129,5002,049 90 62 3.0 69,950 1,987 97.0 135,000Feb-14 120,0001,939 95 71 3.7 70,000 1,868 96.3 125,000Jan-14 119,9001,953 102 72 3.7 63,700 1,881 96.3 124,000Dec-13 115,0002,022 120 96 4.7 59,950 1,926 95.3 119,900Nov-13 119,0002,159 111 96 4.4 56,550 2,063 95.6 122,892
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
22/
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Nov-2013 vs Nov-2014: The number of Expired properties is up 47%Expired Properties by Month
Bulman Real Estate | 281.450.8689
Nov-2013 vs. Nov-2014
Jeff Bulman
12/12/2014&ODUXV�0DUNHW0HWULFV� 1/2
MLS: HAR Bedrooms:AllAll
Construction Type:All1 Year Monthly SqFt:
Bathrooms: Lot Size:All All Square FootagePeriod:All
Counties:Property Types: : Townhouse/Condo
HarrisPrice:
Expired Properties by MonthNov-2013 vs Nov-2014: The number of Expired properties is up 47%
Bulman Real Estate | 281.450.8689Jeff Bulman
Median Price Units% BankAvg DOMUnits Median Price
Bank Properties
Units
Non-Bank Properties
% Non-Bank Median Price
Full Market
Nov-14 119,900215 77 5 2.3 65,900 210 97.7 119,900Oct-14 139,900212 89 5 2.4 70,000 207 97.6 140,500Sep-14 135,000231 80 6 2.6 90,450 225 97.4 140,000Aug-14 125,000239 73 6 2.5 74,950 233 97.5 129,900Jul-14 114,000191 114 5 2.6 89,900 186 97.4 114,900Jun-14 123,000203 85 8 3.9 82,450 195 96.1 125,000May-14 138,375178 93 3 1.7 90,000 175 98.3 139,000Apr-14 99,500163 88 4 2.5 54,500 159 97.5 99,900Mar-14 113,000167 87 5 3.0 60,000 162 97.0 121,750Feb-14 108,000141 98 8 5.7 50,450 133 94.3 108,000Jan-14 89,947176 113 2 1.1 69,250 174 98.9 89,947Dec-13 106,050292 118 10 3.4 64,900 282 96.6 109,977Nov-13 114,000146 103 1 0.7 100,000 145 99.3 115,000
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
22/
Nov-2013 vs Nov-2014: The number of for sale properties is down -23% and the number of sold properties is down -8%
Bulman Real Estate | 281.450.8689
Nov-2013 vs. Nov-2014
2,159 -23
Jeff Bulman
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Supply & Demand by Month
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Nov-2013 vs. Nov-2014
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&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
1/2
MLS: HAR Bedrooms:AllAll
Construction Type:All1 Year Monthly SqFt:
Bathrooms: Lot Size:All All Square FootagePeriod:All
Counties:Property Types: : Townhouse/Condo
HarrisPrice:
Supply & Demand by MonthNov-2013 vs Nov-2014: The number of for sale properties is down -23% and the number of sold properties is down -8%
Jeff Bulman Bulman Real Estate | 281.450.8689
For Sale Sold# Properties
Avg DOM Avg DOM# Properties
Time Period
Nov-14 83 361,663 392Oct-14 81 351,882 509Sep-14 83 321,909 517Aug-14 80 332,070 516Jul-14 82 312,086 541Jun-14 83 342,085 545May-14 84 382,113 558Apr-14 86 432,108 503Mar-14 90 512,049 424Feb-14 95 481,939 381Jan-14 102 541,953 369Dec-13 120 532,022 454Nov-13 111 402,159 427
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
22/
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Nov-2013 vs Nov-2014: The average days on market is down -22%The Average Days on Market by Month
Bulman Real Estate | 281.450.8689
Nov-2013 vs. Nov-2014
Jeff Bulman
HarrisAll 1 Year Monthly
Counties:Period:Price:
Property Types: : Townhouse/Condo
12/12/20141/2&ODUXV�0DUNHW0HWULFV�
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 -22%
Bulman Real Estate | 281.450.8689Jeff Bulman
# UC UnitsAvg DOMTime PeriodNov-14 41238Oct-14 49639Sep-14 45436Aug-14 54834Jul-14 53332Jun-14 51634May-14 54535Apr-14 59139Mar-14 51440Feb-14 42050Jan-14 44853Dec-13 36751Nov-13 39949
&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 -38.0%
Bulman Real Estate | 281.450.8689
Nov-2013 vs. Nov-2014
4.0 -38.0
Jeff Bulman
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Months Supply of Inventory
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&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
1/2
MLS: HAR Bedrooms:AllAll
Construction Type:All1 Year Monthly SqFt:
Bathrooms: Lot Size:All All Square FootagePeriod:All
Counties:Property Types: : Townhouse/Condo
HarrisPrice:
Months Supply of InventoryNov-2013 vs Nov-2014: The average months supply of inventory is down -38.0%
Jeff Bulman Bulman Real Estate | 281.450.8689
During MonthLast Day of Month MSI# Units For Sale # UC Units
UC Avg DOMTime Period
Nov-14 412 381,036 2.5Oct-14 496 391,174 2.4Sep-14 454 361,224 2.7Aug-14 548 341,283 2.3Jul-14 533 321,362 2.6Jun-14 516 341,366 2.6May-14 545 351,390 2.6Apr-14 591 391,354 2.3Mar-14 514 401,368 2.7Feb-14 420 501,378 3.3Jan-14 448 531,329 3.0Dec-13 367 511,363 3.7Nov-13 399 491,614 4.0
&ODUXV�0DUNHW0HWULFV� 12/12/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).
22/
![Welcome []...Despite Social Distancing Orders . . . Sales in March •Increased .43% •Luxury rose 17.1% for SF & 46.8% for Condos/Townhomes •22.8% Increase –Single-Family $400K-$600K](https://static.fdocuments.in/doc/165x107/5fcd2e0625ca324b1c1aaa8b/welcome-despite-social-distancing-orders-sales-in-march-aincreased.jpg)
