HOU ARCHIVED August 2017 | Page 8

Market Action Report
August 2017
County: Galveston
GALVESTON
Market Action Report
Agent Name
August 2017
Title
Phone
Agent Name
Website
Title Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$1,572,000
-1%
9%
Community
Information | School District
County: Galveston
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con Listings
Median
List Price
all Current
Trending versus*:
Prior YTD Prior Year
YTD
versus*:
Trending versus*:
$1,735,231 Trending
-2%
8%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$1,341,500 17% 13% -2% 11% $1,187,500
-7%
-2%
$1,572,000 -1%
9%
$1,292,167 16% 1% -14% -7% $1,301,530
-12%
-6%
$1,735,231 -2%
8%
64
2%
3%
$1,341,500 17% 13% -2% 11% $1,187,500
-7%
-2%
3 0%
27
42% -6%
$1,292,167 16%
1% -14% 0%
-7% $1,301,530
-12%
August
Average Currently
Days on for
Market
(Solds)
77 -26%
-31%
Total
Properties
Sale (Inventory)
64 57
2% 119% -44%
3% -37% -49%
Asking Number
Price per
Foot
(based on New Listings)
$331
13%
August
of Square
Properties
Sold
3 0% -9% -7%
0% -9% -8%
27 $404
42% 13%
August Average
Sold Price
per
$335
August
Days
on Square
Market Foot
(Solds)
57
119% 8%
-44% 1%
-37% 1%
-49% -8%
77 $395
-26% 3% -31% 9%
August Price
Month's
Supply Foot
of Inventory
Asking
per Square
(based on New Listings)
$331 21.3
-9% 2%
-7% 14%
-9% 3%
-8% -15% $404 19.9
13% -23% 13% -21%
August Sold
Sale Price
Price per
vs Square
List Price
Ratio
92.9%
2%
August
Foot
$335
8% 1.3%
1% 2.6%
1% 10.7%
-8% 2.4% $395 92.2%
3% 1% 9%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
August
Month's Supply of Inventory
21.3 2% 14% 3% -15%
19.9 -23%
-21%
August Sale Price vs List Price Ratio
92.9% 1.3% 2.6% 10.7% Number
2.4%
92.2%
1% Sold 2%
of Properties
Average List Price of all Current Listings
Market Profile & Trends Overview
August Median Sales Price
Median List Price of all Current Listings
August Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
August Median Sales Price
August Average
Number
of Properties
Sold
August
Sales
Price
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
2
0
1 1
2 2
3 3
Prices
3 Mo Avg
4
4
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 M J J A
14
15
16
17
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 M J J A
Median Sales 16 Price and Average Sales 17 Price
14
15
3 Mo Avg
0
Number of Properties Sold
5
August YTD sales of 27 are running 42.1% ahead of last year's
year-to-date sales of 19.
6
August Property sales were 3, equal to 3 in August of 2016 and
the same as the 3 sales last month. August 2017 sales were at
Property Sales
6
their highest level compared to August of 2016 and 2015.
August Property sales were 3, equal to 3 in August of 2016 and
August
YTD
sales
of
27
are
running
42.1%
ahead
of
last
year's
the same as the 3 sales last month. August 2017 sales were at
5
year-to-date
sales compared
of 19. to August of 2016 and 2015.
their
highest level
Property Sales
The Median Sales Price in August was $1,341,500, down 2.1%
2,000
Median Sales Price and Average Sales Price
Prices
from $1,370,000 in August of 2016 and up 16.7% from
3 Mo Avg
The
Median
Sales
Price
in
August
was
$1,341,500,
down
2.1%
$1,150,000 last month. The Average Sales Price in August was 2,000 1,900
from $1,370,000 in August of 2016 and up 16.7% from
1,800
$1,292,167, down 13.6% from $1,495,000 in August of 2016 and
1,900
$1,150,000 last month. The Average Sales Price in August was
up 15.7% from $1,116,806 last month. August 2017 ASP was at a 1,700
$1,292,167, down 13.6% from $1,495,000 in August of 2016 and 1,800
1,600
mid range compared to August of 2016 and 2015.
up 15.7% from $1,116,806 last month. August 2017 ASP was at a 1,700
1,600 1,500
mid range compared to August of 2016 and 2015.
1,500 1,400
1,400 1,300
1,300 1,200
1,200 1,100
1,100 1,000
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 M J J A
1,000
S O 14 N D J F 15
M A M J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A
14
15
16
17
Inventory & MSI
Inventory
& MSI of Properties available for sale as of August
The Total Inventory
80
The
Inventory
of Properties
available
sale as from
of August
was Total
64, up
1.6% from
63 last month
and for
up 3.2%
62 in
80 70
was
64, up
from 63
last month
and up 3.2%
from
62 highest
in
August
of 1.6%
last year.
August
2017 Inventory
was
at its
70 60
August
of last year.
August
2017
was at its highest
level compared
with
August
of Inventory
2016 and 2015.
level compared with August of 2016 and 2015.
60
50
50
40
40
30
A comparatively lower MSI is more beneficial for sellers while a 30
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The August 2017 MSI of 21.3 20 20
higher MSI is better for buyers. The August 2017 MSI of 21.3
months was at a mid level compared with August of 2016 and 10 10
months was at a mid level compared with August of 2016 and
0
2015.
0
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CB
United,
Realtors
| Price
Range:
$1,000,000
| Property
Types:
United,
Realtors
| Price
Range:
$1,000,000
and and
Up | Up
Property
Types:
SFH - SFH
Con - Con
Data is is provided
provided
courtesy
of Houston
Association
of REALTORS
and may
not reflect
all relevant
real estate
CB United,
Data
courtesy
of Houston
Association
of REALTORS
and may
not reflect
all relevant
real estate
activity. activity.
CB United,
Realtors Realtors
does not
not warrant
warrant
guarantee
accuracy
of this
information.
It is responsibility
the responsibility
any buyer
or to
seller
verify
all information
to such consumer’s
estate transaction.
does
or or
guarantee
the the
accuracy
of this
information.
It is the
of any of buyer
or seller
verify to any
and any
all and
information
relevant relevant
to such consumer’s
real estate real
transaction.
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
J F A M
D A J M
F M
M J J A
S O S N O D N J D F M
M A J M
J A J S J O A N S D O J N F D M J A F M M J A J M A J S J O A N S D O J N F M
J J A A
16
17
14 14
15 15
16
17
2015.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0