the woodlands home sales report - february 2017

TheHomeSalesRealEstateReportTheWoodlands|February,2017Lis@ngInventoryMonthByMonthHomeSalesMonthByMonthAverageSoldPrice/MedianSoldPriceAveragePricePerSquareFootAverageDaysOnMarketMonthsSupplyofForSaleInventory

9000 Forest Crossing Drive | The Woodlands TX 77381 | 281-367-3531

281-367-3531

The Woodlands Texas Real Estate ReportListing Inventory - All Brokers Combined

Better Homes And Gardens Real Estate Gary Greene - 9000 Forest Crossing, The Woodlands Texas / 281-367-3531Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family/TheWoodlands TX

2017 Listing Inventory 2016 Listing Inventory 2015 Listing Inventory

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2017 7222016 788 809 855 863 875 900 957 913 901 878 846 8152015 591 630 658 731 818 863 912 947 925 917 906 889

The Woodlands Texas Real Estate ReportProperties Placed Under Contract - All Brokers Combined

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD Total2017 168 1682016 129 203 191 283 234 212 230 210 161 154 132 123 2,2622015 170 217 278 279 275 249 261 161 180 173 134 119 2,377

Better Homes And Gardens Real Estate Gary Greene - 9000 Forest Crossing, The Woodlands Texas / 281-367-3531Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family/TheWoodlands TX

2017 Contracts Written 2016 Contracts Written 2015 Contracts Written

KEY INFORMATION

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

Market Dynamics BHGRE Gary GreeneSold Average vs. Median Price

Monthly % Total % Change

-9.02-0.53

Monthly Change

-1,353.84Median

Total ChangeAverage -2,548.72 -61,169.32 -12.70

-32,492.17-0.38

Sublocations:All

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

HAR AllAll AllAllAll Lot Size:Bedrooms:Property Types:

THEWOO

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

02/02/17BrokerMetrics®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) 01/01/15 - 01/31/17

Market DynamicsSold Average vs. Median Price

Time Period # Properties Sold Sold Average $ Sold Median $ Sold Avg DOMAverage $ - Median $ Median $ as % of Average $88Jan-17 432,264 73.5317,500 114,764 68

153Dec-16 410,923 83.7344,000 66,923 78151Nov-16 431,506 77.2333,000 98,506 58133Oct-16 416,815 81.2338,600 78,215 67159Sep-16 411,112 81.5335,000 76,112 50232Aug-16 454,232 73.2332,250 121,982 51209Jul-16 435,491 83.8365,000 70,491 45234Jun-16 443,994 81.7362,500 81,494 55226May-16 486,426 74.0360,000 126,426 53148Apr-16 428,549 78.2335,250 93,299 61174Mar-16 414,500 73.7305,275 109,225 63113Feb-16 402,515 70.8285,000 117,515 62104Jan-16 478,814 60.8291,000 187,814 66159Dec-15 505,979 73.1370,000 135,979 55117Nov-15 398,091 74.1295,000 103,091 57163Oct-15 462,944 75.2348,000 114,944 62171Sep-15 442,019 82.3364,000 78,019 43241Aug-15 435,178 75.8330,000 105,178 41241Jul-15 518,493 78.1405,000 113,493 46291Jun-15 554,075 75.7419,500 134,575 43233May-15 478,273 81.5390,000 88,273 44207Apr-15 467,674 71.6335,000 132,674 46210Mar-15 405,888 82.5335,000 70,888 50133Feb-15 437,539 78.8345,000 92,539 64127Jan-15 526,636 68.4360,000 166,636 55


2 02/02/172 ofBrokerMetrics®Information not guaranteed. © 2006 - 2017 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

Market DynamicsAverage $/SQFT (FS, Sold)

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

BHGRE Gary Greene

Price:

-0.17

AllAll All

-0.39-8.35

Property Types:HAR

Sold $/SQFTFor Sale $/SQFT

MLS: All

-0.61

Bathrooms:

-0.35

All

-9.29-14.66

Construction Type:

Total Change

Sq Ft:

Monthly Change

2 Years (Monthly)

Sublocations:

All

-4.19

Lot Size:Period:

Monthly %

Bedrooms:

KEY INFORMATION

Total % Change

Single-Family: (Residential)THEWOO

02/02/17BrokerMetrics®Information not guaranteed. © 2006 - 2017 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).


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

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

195Jan-17 1,028 3,573697,136 168 488,061 3,087 158 88 138 256432,264 584,460 615,8592,997 144 3,324 176 3,288 187193Dec-16 1,033 3,587692,723 119 449,391 2,946 153 153 142 173410,923 726,122 605,3892,951 139 3,686 197 3,381 179188Nov-16 1,128 3,534664,544 119 403,696 2,874 140 151 149 234431,506 608,825 462,8012,987 144 3,513 173 2,992 155194Oct-16 1,190 3,614701,162 144 448,291 2,973 151 133 152 256416,815 845,519 561,5432,906 143 3,859 220 3,228 175191Sep-16 1,246 3,592686,289 149 444,300 2,925 152 159 163 280411,112 602,990 509,7602,918 141 3,476 174 3,157 162193Aug-16 1,306 3,591692,725 163 483,357 3,028 160 232 177 345454,232 641,406 547,3793,027 150 3,412 188 3,157 174190Jul-16 1,344 3,602685,192 205 455,042 3,043 150 209 178 368435,491 627,873 537,7202,968 147 3,470 181 3,208 168190Jun-16 1,347 3,623689,141 200 437,526 2,911 150 234 171 394443,994 688,596 600,4733,036 146 3,727 185 3,357 179191May-16 1,314 3,649695,490 203 475,747 3,062 155 226 158 385486,426 795,009 523,6893,159 154 3,901 204 3,255 161193Apr-16 1,327 3,663706,788 257 475,443 3,055 156 148 141 426428,549 733,790 560,3392,899 148 3,784 194 3,284 171195Mar-16 1,202 3,682717,058 177 448,067 2,906 154 174 124 361414,500 672,531 574,1382,847 146 3,624 186 3,355 171198Feb-16 1,145 3,657722,968 176 492,714 2,928 168 113 128 340402,515 675,318 603,6402,753 146 3,576 190 3,409 178198Jan-16 1,097 3,627718,782 124 453,836 2,890 157 104 168 273478,814 652,778 583,3442,984 160 3,526 185 3,303 177200Dec-15 1,098 3,662731,828 109 540,803 3,057 177 159 165 181505,979 699,087 598,9763,141 161 3,698 189 3,176 189196Nov-15 1,153 3,639712,258 128 409,501 2,853 144 117 108 207398,091 682,268 499,7722,775 143 3,571 191 3,127 160195Oct-15 1,281 3,613703,192 157 507,791 3,037 167 163 178 326462,944 580,251 503,4833,020 153 3,382 172 3,140 160199Sep-15 1,308 3,653725,694 166 435,810 2,874 152 171 187 322442,019 749,781 606,9492,967 149 3,726 201 3,362 181195Aug-15 1,300 3,617706,583 148 455,816 2,960 154 241 166 306435,178 586,308 540,5062,869 152 3,421 171 3,152 171191Jul-15 1,360 3,570683,490 235 442,234 2,924 151 241 131 413518,493 553,116 490,2023,252 159 3,290 168 3,093 158199Jun-15 1,313 3,658726,618 222 517,754 3,100 167 291 144 422554,075 777,885 585,8463,248 171 3,732 208 3,302 177197May-15 1,245 3,647717,215 244 493,646 3,055 162 233 110 402478,273 596,918 530,8853,107 154 3,503 170 3,187 167199Apr-15 1,209 3,705735,857 259 544,747 3,232 169 207 107 451467,674 645,274 629,2623,000 156 3,575 180 3,418 184200Mar-15 1,097 3,704739,444 257 554,892 3,157 176 210 82 392405,888 764,747 627,6432,832 143 3,828 200 3,413 184200Feb-15 977 3,669733,379 201 447,442 2,926 153 133 71 299437,539 865,363 564,1133,009 145 3,831 226 3,287 172199Jan-15 934 3,656727,330 154 452,545 3,015 150 127 102 308526,636 605,815 572,2843,167 166 3,415 177 3,295 174


2 02/02/172 ofBrokerMetrics®Information not guaranteed. © 2006 - 2017 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

BHGRE Gary GreeneMarket Dynamics

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

Monthly %1.00

THEWOO

Total % Change

Sq Ft:Bathrooms:All All

DOM

Construction Type:

Sublocations:

Period:Property Types:

23.96 54.05Monthly Change

2.25

Lot Size:All

KEY INFORMATION

Single-Family: (Residential) 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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02/02/17

Average DOM for Under Contract PropertiesMarket Dynamics BHGRE Gary Greene

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

Period Avg DOM Avg CDOMContract# UnderTime

91Jan-17 16869Dec-16 11970Nov-16 11960Oct-16 14466Sep-16 14953Aug-16 16352Jul-16 20551Jun-16 20050May-16 20357Apr-16 25749Mar-16 17763Feb-16 17667Jan-16 12471Dec-15 10956Nov-15 12861Oct-15 15753Sep-15 16641Aug-15 14840Jul-15 23547Jun-15 22241May-15 24441Apr-15 25950Mar-15 25749Feb-15 20158Jan-15 154

2


02/02/17Information not guaranteed. © 2006 - 2017 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

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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

The Woodlands Texas Real Estate Report

Months Supply Of “For Sale” Listing Inventory – February 2nd, 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 On February 2nd January Listings Price Range Of Listing Inventory Active Listings Under Contract $000,000 – $200,000 2.0 Months 33 16 $200,001 – $300,000 2.4 Months 117 54 $300,001 – $400,000 3.0 Months 114 28 $400,001 – $500,000 5.5 Months 119 23 $500,001 – $600,000 5.5 Months 85 11 $600,001 – $700,000 5.9 Months 53 13 $700,001 – $800,000 6.5 Months 37 3 $800,001 – $900,000 5.7 Months 26 2 $900,001 – $1,000,000 8.6 Months 27 6 $1,000,001 - $1,500,000 12.5 Months 46 6 $1,500,001 - $2,000,000 15.1 Months 29 3 $2,000,001 - $3,000,000 10.4 Months 13 0 $3,000,001+ 75.0 Months 25 2 All Price Ranges 4.3 Months 721 167 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.