Spring 77386 Home Sales Report - January 2017

TheHomeSalesRealEstateReportSpringTX|77386|January,2017AverageSoldPrice/MedianSoldPrice–MonthByMonthAveragePricePerSquareFoot–MonthByMonthAverageDaysOnMarket–MonthByMonthMonthsSupplyofForSaleInventory–MonthByMonth

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

281-367-3531

Market DynamicsAverage $/SQFT (FS, Sold)

3 Years (Quarterly) Q4 2013 - Q4 2016

BHGRE Gary Greene

Price:

0.73

AllAll All

1.029.69

Property Types:HAR

Sold $/SQFTFor Sale $/SQFT

MLS: All

0.98

Bathrooms:

0.81

All

12.2411.79

Construction Type:

Total Change

Sq Ft:

Quarterly Change

3 Years (Quarterly)

ZIP Codes:

All

8.81

Lot Size:Period:

Quarterly %

Bedrooms:

KEY INFORMATION

Total % Change

Single-Family: (Residential)77386

01/08/17BrokerMetrics®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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Average $/SQFT (FS, Sold)3 Years (Quarterly) Q4 2013 - Q4 2016

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

118Q4 2016 790 2,982350,408 282 310,496 2,754 113 344 154 364294,126 360,286 314,6692,751 107 3,076 117 2,773 113115Q3 2016 991 2,978341,954 380 296,225 2,731 108 406 185 522283,328 346,100 316,1412,696 105 3,064 113 2,815 112115Q2 2016 1,035 2,957339,823 412 291,934 2,655 110 400 154 635275,688 373,955 316,0072,617 105 3,153 119 2,818 112116Q1 2016 885 2,946342,076 343 277,843 2,552 109 272 142 493264,096 397,076 308,8272,533 104 3,245 122 2,779 111119Q4 2015 817 2,990355,018 274 273,409 2,572 106 305 151 362263,367 428,143 326,2572,579 102 3,323 130 2,854 115118Q3 2015 966 2,948347,255 336 284,458 2,634 108 377 175 567288,070 388,149 305,9222,701 107 3,161 123 2,725 112119Q2 2015 913 3,047361,521 372 298,377 2,703 110 347 142 574291,221 401,985 322,7052,700 108 3,337 120 2,847 113119Q1 2015 708 3,040361,509 298 279,346 2,606 107 231 71 444262,893 392,502 333,6662,580 102 3,213 122 2,897 115116Q4 2014 605 2,958343,392 253 259,743 2,523 103 306 88 299253,412 389,048 292,8492,493 102 3,238 120 2,696 109115Q3 2014 782 2,941338,825 368 281,170 2,632 107 418 108 480271,663 382,410 297,3752,676 102 3,228 119 2,716 110110Q2 2014 757 2,978327,945 384 272,984 2,646 103 360 71 524261,343 298,702 297,9672,612 100 3,392 88 2,835 105108Q1 2014 602 2,915314,435 308 253,233 2,611 97 237 61 408239,416 314,339 296,7602,631 91 2,992 107 2,766 108104Q4 2013 577 2,922303,384 252 249,560 2,580 97 290 131 267241,998 335,506 284,4132,562 94 3,127 107 2,800 102


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KEY INFORMATION


Market Dynamics BHGRE Gary GreeneSold Average vs. Median Price

Quarterly % Total % Change

24.461.35

Quarterly Change

4,004.08Median

Total ChangeAverage 3,360.63 40,327.56 16.24

48,048.982.04

ZIP Codes:All

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

HAR AllAll AllAllAll Lot Size:Bedrooms:Property Types:

77386

3 Years (Quarterly) Construction Type:Price:Period:MLS:

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BHGRE Gary Greene


Market DynamicsSold Average vs. Median Price

Time Period # Properties Sold Sold Average $ Sold Median $ Sold Avg DOMAverage $ - Median $ Median $ as % of Average $344Q4 2016 294,126 87.0255,779 38,347 68406Q3 2016 283,328 87.1246,745 36,583 60400Q2 2016 275,688 83.9231,325 44,363 64272Q1 2016 264,096 79.3209,500 54,596 57305Q4 2015 263,367 82.6217,500 45,867 56377Q3 2015 288,070 81.6235,000 53,070 47347Q2 2015 291,221 79.0230,000 61,221 53231Q1 2015 262,893 81.0213,000 49,893 52306Q4 2014 253,412 79.1200,500 52,912 46418Q3 2014 271,663 82.8224,900 46,763 38360Q2 2014 261,343 83.1217,250 44,093 37237Q1 2014 239,416 83.5200,000 39,416 53290Q4 2013 241,998 76.1184,250 57,748 44


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BHGRE Gary GreeneMarket Dynamics

3 Years (Quarterly) Q4 2013 - Q4 2016Average DOM for Under Contract Properties

Quarterly %1.99

77386

Total % Change

Sq Ft:Bathrooms:All All

DOM

Construction Type:

ZIP Codes:

Period:Property Types:

25.90 65.62Quarterly Change

5.05

Lot Size:All

KEY INFORMATION

Single-Family: (Residential) AllHAR AllBedrooms:

Total Change

AllMLS: Price:3 Years (Quarterly)

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Average DOM for Under Contract PropertiesMarket Dynamics BHGRE Gary Greene


Period Avg DOM Avg CDOMContract# UnderTime

69Q4 2016 28265Q3 2016 38062Q2 2016 41255Q1 2016 34358Q4 2015 27451Q3 2015 33650Q2 2015 37251Q1 2015 29851Q4 2014 25338Q3 2014 36836Q2 2014 38447Q1 2014 30847Q4 2013 252

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

Spring | 77386 | Homes Sales Real Estate Report

Months Supply Of “For Sale” Listing Inventory – January 8th, 2016 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 a break down by price. Months Supply January, 8th December Price Range Of Listing Inventory Active Listings Under Contract $000,000 – $200,000 0.8 Months 36 19 $200,001 – $300,000 2.9 Months 116 18 $300,001 – $400,000 4.8 Months 88 13 $400,001 – $500,000 5.4 Months 44 7 $500,001 – $600,000 4.0 Months 16 3 $600,001 – $700,000 2.9 Months 9 1 $700,001 – $800,000 4.8 Months 10 1 $800,001 – $900,000 12.0 Months 7 2 $900,001 – $1,000,000 14.0 Months 6 0 $1,000,001+ 12.0 Months 8 0 All Price Ranges 2.9 Months 340 64 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 us today – 281-367-3531 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 – 281-367-3531.

Closing Thoughts: While mulling over these inventory numbers, keep in mind these figures represent big averages across the 77386 zip code. 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.

Months Supply of Inventory (Sold Calculation)Market Dynamics

2 Years (Monthly) 12/01/14 - 12/31/16

BHGRE Gary Greene

ZIP Codes:

-15.81

Price:HAR Bedrooms:Period:

Monthly %MSI-Sold

2 Years (Monthly)

77386

-0.66

Single-Family: (Residential)

Total % Change

Property Types:

KEY INFORMATION

AllAll Lot Size:All

-0.64Monthly Change

-0.03Total Change

Sq Ft:AllAll Bathrooms:MLS: AllConstruction Type:

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BHGRE Gary GreeneMarket DynamicsMonths Supply of Inventory (Sold Calculation)

2 Years (Monthly) 12/01/14 - 12/31/16

Period NAR MSI # SoldMSI# For Sale Last

Day of Month# UnderContract

Time

3.3Dec-16 64 1073545.5

3.0Nov-16 101 1253773.7

3.7Oct-16 117 1124093.5

3.4Sep-16 120 1264263.5

3.0Aug-16 126 1444293.4

3.3Jul-16 134 1364523.4

3.1Jun-16 142 1504693.3

3.6May-16 153 1254502.9

3.6Apr-16 117 1254543.9

3.7Mar-16 132 1094003.0

4.3Feb-16 121 903913.2

5.5Jan-16 90 734014.5

3.2Dec-15 83 1223924.7

5.1Nov-15 89 834224.7

4.5Oct-15 102 1004474.4

4.3Sep-15 109 1074554.2

3.5Aug-15 106 1334704.4

3.3Jul-15 121 1374533.7

3.0Jun-15 128 1313993.1

3.5May-15 124 1113833.1

3.5Apr-15 120 1053703.1

3.4Mar-15 127 993392.7

3.7Feb-15 85 853133.7

6.4Jan-15 86 473023.5

2.7Dec-14 70 992643.8

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Spring 77386 Home Sales Report - January 2017

Real Estate

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