HOU ARCHIVED December 2017 | Page 14

Market Action Report December 2017
Community Information | School District
Market Action Report December 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
$ 299,900
0 %
0 %
Average List Price of all Current Listings
$ 387,172
2 %
5 %
December Median Sales Price
$ 226,019
3 %
0 %
3 %
7 %
$ 229,000
8 %
8 %
December Average Sales Price
$ 256,342
6 %
0 %
2 %
5 %
$ 261,369
7 %
7 %
Total Properties Currently for Sale ( Inventory )
1,642
-6%
-4%
December Number of Properties Sold
497
10 %
18 %
5,722
-1%
December Average Days on Market ( Solds )
69
8 %
8 %
15 %
19 %
59
4 %
2 %
Asking Price per Square Foot ( based on New Listings )
$ 150
2 %
2 %
12 %
8 %
$ 145
4 %
4 %
December Sold Price per Square Foot
$ 130
9 %
1 %
7 %
8 %
$ 130
7 %
7 %
December Month ' s Supply of Inventory
3.3 -15% -14% -18% -15%
4.2
8 %
8 %
December Sale Price vs List Price Ratio
93.7 % -1.1% -. 8 % -1.5% -1.6%
94.9 %
-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
December Property sales were 497 , up 18.1 % from 421 in Number of Properties Sold
3 Mo Avg
December of 2016 and 9.7 % higher than the 453 sales last 600 Property month . December Sales 2017 sales were at their highest level 700
December compared Property to December sales were of 2016 497 , and up 18.1 2015 %. from December 421 in YTD sales 500 December of 5,722 are of 2016 running and 9.7 0.7 % higher behind than last the year 453 ' s year-to-date sales last sales 600 of month 5,764 . December 2017 sales were at their highest level
400 compared to December of 2016 and 2015 . December YTD sales 500 of 5,722 are running 0.7 % behind last year ' s year-to-date sales of 300 5,764 .
400 200
300 100
200 0
100
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 S O N D
0 15 16
17
Prices
J F M A M J J A S Median O N D J Sales F M A MPrice J J and A S OAverage N D J FSales M A MPrice J J A S O N D
15 16
17
3 Mo Avg The Median Sales Price in December was $ 226,019 , up 2.7 %
Prices from $ 220,000 in December of 2016 and up 2.7 % from 290 Median Sales Price and Average Sales Price
3 Mo Avg
The $ 220,000 Median last Sales month Price . in The December Average was Sales $ 226,019 Price in , up December 2.7 % from was $ 220,000 256,342 , in up December 1.7 % from of $ 2016 252,079 and in up December 2.7 % from of 2016 and 270
290 $ up 220,000 6.2 % from last month $ 241,409 . The last Average month Sales . December Price in December 2017 ASP was at 250
was the $ highest 256,342 level , up 1.7 compared % from $ to 252,079 December in December of 2016 of and 2016 2015 and .
270 up 6.2 % from $ 241,409 last month . December 2017 ASP was at 230
250 the highest level compared to December of 2016 and 2015 . 210
230
210 190
190 170
284 359 455 484 487 539
284 359 455 484 487 539 591 515 505 444 333 437 283 366 511 492 578 597 563 591 478 474 410 421 286 377 494 463 603 628 527 437 527 430 453 497
170 150 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 S O N D
150 15
16
17 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 S O N D 15
16 17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory
& MSI of Properties available for sale as of
Total Inventory & Month ' s Supply of Inventory ( MSI )
The December Total Inventory was 1,642 of , Properties down 6.3 % available from 1,753 for sale last as month of and 2,500
7.0
December down 3.7 % was from 1,642 1,705 , down in 6.3 December % from 1,753 of last last year month . December and 2017 2,500
7.0 6.0 2,000 down Inventory 3.7 % from was at 1,705 a mid in December level compared of last with year . December of 2017 2016
6.0 5.0
2,000 Inventory and 2015 was . at a mid level compared with December of 2016 1,500
5.0 4.0 and 2015 .
1,500 4.0
1,000 3.0
A comparatively lower MSI is more beneficial for sellers while a 1,000
3.0 2.0
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial December for sellers 2017 while MSI of a 3.3 500 2.0 higher months MSI was is better at its lowest for buyers level . The compared December with 2017 December MSI of 3.3 of 2016 1.0
500 months was at its lowest level compared with December of 2016 1.0 and 2015 . 0
0.0 and 2015 .
0 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 S O0.0N D J F 15 M A M J J A S O N D J F M16A M J J A S O N D J F M 17 A M J J A S O N D 15
16
17
591 515 505
1,697 1,733 1,713 1,761 1,870 1,902 1,912 1,885 1,820 444 333
1,697 1,733 1,713 1,761 1,870 1,902 1,912 1,885 1,820 1,773 1,675 1,552 1,615 1,619 1,714 1,745 1,751 1,882 1,915
Number of Properties Sold
437 283 366 511 492
1,773 1,675 1,552 1,615 1,619 1,714 1,745
578 597 563 591 478 474 410
1,751 1,882 1,915 1,942 1,964 1,916 1,803 1,705 421 286
1,761 1,798
1,942 1,964 1,916 1,803 1,705 1,761 1,798 1,873 1,969 2,016 377 494
1,873
1,969 463 603 628 527
2,137 2,181 2,190
2,028 1,883 1,753 1,642 437 527
2,016 2,137 2,181 2,190
2,028 1,883
3 Mo Avg
430 453
1,753 1,642
497
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 .