HOU ARCHIVED December 2017 | Page 16

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

County : Grimes

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
$ 210,000
6 %
16 %
Average List Price of all Current Listings
$ 291,290
9 %
29 %
December Median Sales Price
$ 116,000
-27% -11% -32% -16%
$ 148,000
8 %
8 %
December Average Sales Price
$ 122,929
-18% -17% -35% -23%
$ 168,732
7 %
6 %
Total Properties Currently for Sale ( Inventory )
49 -11%
7 %
December Number of Properties Sold
7 -22%
17 %
105
27 %
December Average Days on Market ( Solds )
97
87 %
52 % -14%
26 %
73
-9%
-5%
Asking Price per Square Foot ( based on New Listings )
$ 112
-15% -2% -21%
14 %
$ 108
9 %
10 %
December Sold Price per Square Foot
$ 84
-7%
-4% -11%
0 %
$ 94
13 %
12 %
December Month ' s Supply of Inventory
7.0
15 %
-4%
-9%
-40%
7.0
-39%
-39%
December Sale Price vs List Price Ratio
86.1 % -5.8% -4.7% -2.9% -4.6%
91.1 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
16
December Property sales were 7 , up 16.7 % from 6 in December of 2016 and 22.2 % lower than the 9 sales last month . December
14
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at a mid level compared to December of 2016
16
December and 2015 Property . December sales YTD were sales 7 , up of 16.7 105 % are from running 6 December 26.5 % ahead of of 2016 last and year 22.2 ' s year-to-date % lower than sales the of 9 sales 83 . last month . December
14
12
10
2017 sales were at a mid level compared to December of 2016 and 2015 . December YTD sales of 105 are running 26.5 % ahead
12
8
of last year ' s year-to-date sales of 83 .
10
6
8
4
6
2
4
0
2
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
The Median Sales Price in December was $ 116,000 , down 31.8 %
Prices from $ 170,000 in December of 2016 and down 26.8 % from
15
350
The
$ 158,500 Median last Sales month Price . in The December Average was Sales $ 116,000 Price in , down December 31.8 % was
350
300 from
$ 122,929 $ 170,000 , down in December 35.4 % from of $ 2016 190,150 and in down December 26.8 % from of 2016 and
J
A S
OMedian N D
J FSales M A MPrice J
J Aand S OAverage N D
J
F Sales M A MPrice J
J
A S O N D
16
17
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
$ down 158,500 17.8 last % month from $ . 149,594 The Average last month Sales Price . December in December 2017 was ASP
300
250
$ was 122,929 at a , mid down range 35.4 % compared from $ 190,150 to December in December of 2016 of 2016 and 2015 and .
down 17.8 % from $ 149,594 last month . December 2017 ASP
250
200
was at a mid range compared to December of 2016 and 2015 .
200
150
150 100

Grimes

7 7 6
7 7 6 7
Agent Name
Title Phone Website Other

Community Information | School District

7 12 12
100
50
50
J
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
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
Inventory & MSI
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
December Total Inventory was 49 , of down Properties 10.9 % available from 55 last for sale month as of and up 6.5 %
December from 46 in was December 49 , down of 10.9 last % year from . 55 December last month 2017 and Inventory up 6.5 %
80 from was 46 at its in December highest level of last compared year . December with December 2017 Inventory of 2016 and
70 was
2015 at . its highest level compared with December of 2016 and
60
80
70
60
50
Total Inventory & Month ' s Supply of Inventory ( MSI )
60.0
50.0
60.0
50.0
40.0
2015 .
50
40
40.0
30.0
40
A comparatively lower MSI is more beneficial for sellers while a
30
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial December for sellers 2017 while MSI of a 7.0 higher MSI is better for buyers . The December 2017 MSI of 7.0
20 months was at a mid level compared with December of 2016 and months
2015 . was at a mid level compared with December of 2016 and
10
30
20
10
0
30.0
20.0
10.0
20.0
10.0
0.0
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
F15 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
9
12 12 9 7 8
7 14
57
8 14 4 9
Number of Properties Sold
3 3 9
40 42
40 40
46 42
45 40
45 46
51 45
45 57
42 51 50
46 42
45 50
49 46 45 45
48 49
47 45
48 48
44 47
44 48
43 44
45
44 51 52
43
46 45
51 51
50 52
44 46
48 51
57 50
44
48 59
62
52 53 55
49 52
6
4 9 3 3 9 6 6 5
6 5 14 14 8 8 1 6
14 14 8 8 1 6 6 3
6 3
67
10 13
57 67
11 59
11
62 11 9
53 9
10 13 11 11 11 9 9 6 9 7
55
3 Mo Avg
6
49 9 7
Copyright © CB United , Realtors | Price Range : All | Property Types : SFH - Con
16 | 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 .