HOU ARCHIVED April 2017 | Page 14

Market Action Report April 2017
Community Information | School District
Market Action Report April 2017

County : Galveston

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 319,000
3 %
8 %
Average List Price of all Current Listings
$ 400,615
2 %
6 %
April Median Sales Price
$ 215,000
-9%
-2%
-1%
1 %
$ 220,000
7 %
4 %
April Average Sales Price
$ 244,815
-9%
-4%
-0%
0 %
$ 255,502
9 %
5 %
Total Properties Currently for Sale ( Inventory )
1,904
3 %
9 %
April Number of Properties Sold
457
-7%
-7%
1,609
-3%
April Average Days on Market ( Solds )
48 -23% -20% -19% -17%
60
-9%
3 %
Asking Price per Square Foot ( based on New Listings )
$ 148
-1%
-2%
7 %
6 %
$ 151
6 %
9 %
April Sold Price per Square Foot
$ 126
-7%
-2%
5 %
4 %
$ 129
11 %
7 %
April Month ' s Supply of Inventory
4.2
10 %
-2%
18 %
8 %
4.7
11 %
22 %
April Sale Price vs List Price Ratio
95.3 %
-. 1 %
. 3 %
. 0 %
. 0 %
95.0 %
0 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Galveston

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
700
April Property sales were 457 , down 7.1 % from 492 in April of
2016 and 6.7 % lower than the 490 sales last month . April 2017
600
Number of Properties Sold
3 Mo Avg
Property sales were Sales at their lowest level compared to April of 2016 and
700
April
2015 Property . April YTD sales sales were of 457 1,609 , down are 7.1 running % from 2.6 492 % in behind April of last
500
2016 year and ' s year-to-date 6.7 % lower than sales the of 1,652 490 sales . last month . April 2017 sales were at their lowest level compared to April of 2016 and
600
400
2015 . April YTD sales of 1,609 are running 2.6 % behind last
500
year ' s year-to-date sales of 1,652 .
300
400
200
300
100
200
100
0
M
J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A
0
14
15
16
17
Prices
The Median Sales Price in April was $ 215,000 , down 0.6 % from
M
14
J
J
A S O N D
J
Median
F M A M Sales J
J
A Price S O N and D
J FAverage M A M J Sales
J
A SPrice O N D
J
F M A
15
16
17
3 Mo Avg
Prices
$ 216,250 in April of 2016 and down 8.7 % from $ 235,500 last
290
The month Median . The Sales Average Price Sales in April Price was in $ 215,000 April was , down $ 244,815 0.6 %, from down
$
0.3 216,250 % from in April $ 245,600 of 2016 in April and down of 2016 8.7 % and from down $ 235,500 9.5 % from last
270
290 month
$ 270,367 . The last Average month Sales . April Price 2017 in April ASP was $ at 244,815 a mid , range down
250
0.3 compared % from $ to 245,600 April of in 2016 April and of 2016 2015 and . down 9.5 % from
270
$ 270,367 last month . April 2017 ASP was at a mid range
230
250
Median Sales Price and Average Sales Price
3 Mo Avg
compared to April of 2016 and 2015 .
210
230
210
190
190
170
516 560 550 573 456 460
516 560 550 573 456 460 381 426 284 359 455 484 487 539 591 515 505 444 333 437 283 366 511 492 578 597 563 591 478 474 410 421 286 376 490 457
170
150
150
M
M
14
J
J
J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A
15
16
17
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A
Inventory & MSI
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of April
The was Total 1,904 Inventory , up 2.6 % of from Properties 1,855 last available month for and sale up as 9.2 of % April from
2,500 was
1,744 1,904 in , April up 2.6 of % last from year 1,855 . April last 2017 month Inventory and up 9.2 was % from at its
2,500
2,000
1,744 highest in April level of compared last year . with April April 2017 of Inventory 2016 and was 2015 at its .
2,000 highest level compared with April of 2016 and 2015 .
1,500
1,500
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
6.0
5.0
4.0
7.0
6.0
5.0
4.0
3.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial April 2017 for sellers MSI while of 4.2 a
500 higher months MSI was is better at its highest for buyers level . The compared April 2017 with MSI April of 4.2 of 2016 and
500 months
2015 . was at its highest level compared with April of 2016 and
0
3.0
2.0
1.0
2.0
1.0
0.0
2015 .
0
M
J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
J A S O N D J
F0.0M A
M
J
14J A S O N D J
F
M15 A M J
J A S O N D J
F
M16 A M J
J A S O N D J
F M
A17
14
15
16
17
381
2,176 2,140 2,163 2,109 2,026 1,914 1,823
2,176 2,140 2,163 2,109 2,026 1,914 1,823 1,685 1,697 426 284
1,685
1,697 359 455
Number of Properties Sold
484 487 539 591 515 505 444 333
1,733 1,713 1,760 1,869 1,901 1,911 1,884 1,819 1,772 1,674
437 283 366
1,551 1,614 1,618 1,713
511 1,744
1,733 1,713 1,760 1,869 1,901 1,911 1,884 1,819 1,772 1,674 1,551 1,614 1,618 1,713 1,744 1,750 1,881 1,914 492 578 597 563 591 478 474 410
1,941 1,963 1,915 1,801 1,702 1,754 1,791 1,855 1,904 421 286
1,750 1,881 1,914 1,941 1,963 1,915 1,801 1,702 1,754 1,791
3 Mo Avg
376 490
1,855 1,904
457
Copyright © CB United , Realtors | Price Range : All | Property Types : SFH - Con
14 | c o l d w e l l b a n k e r h o m e s . c o m
Data is provided courtesy of Houston Association of REALTORS and may not reflect all relevant real estate activity . CB United , Realtors does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .