HOU ARCHIVED December 2017 | Page 12

Market Action Report December 2017
Market Action Report December 2017

GALVESTON

County : Galveston

Community Information | School District
Price Range : $ 1,000,000 and Up | 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
$ 1,715,000
1 %
18 %
Average List Price of all Current Listings
$ 1,856,342
1 %
10 %
December Median Sales Price
$ 1,400,000
-5%
0 %
16 %
$ 1,275,000
2 %
5 %
December Average Sales Price
$ 1,343,333
-7%
-4%
-3%
$ 1,345,452
-5%
-3%
Total Properties Currently for Sale ( Inventory )
48
-6%
-2%
December Number of Properties Sold
3
50 %
35
21 %
December Average Days on Market ( Solds )
134
-26% 15 %
21 %
103
-11%
-7%
Asking Price per Square Foot ( based on New Listings )
$ 448
12 %
14 %
13 %
24 %
$ 404
14 %
12 %
December Sold Price per Square Foot
$ 418
0 %
56 %
15 %
$ 397
8 %
9 %
December Month ' s Supply of Inventory
16.0
0 %
-29% -35% -37%
20.8
-18%
-18%
December Sale Price vs List Price Ratio
89.3 %
3.2 % -4.8% -1.5%
90.7 %
0 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales December Property sales were 3 , up 50.0 % from 2 in December Property of 2016 and Sales higher than the 0 sales last month . December 2017 6 December sales were Property at their sales highest were level 3 , up compared 50.0 % from to December 2 in December of 2016 of and 2016 2015 and . December higher than YTD the 0 sales of last 35 month are running . December 20.7 % 2017 ahead 5 sales of last were year at ' s their year-to-date highest level sales compared of 29 . to December of 2016 and 2015 . December YTD sales of 35 are running 20.7 % ahead
4 of last year ' s year-to-date sales of 29 . 3
2
Number of Properties Sold
1
0
0
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
Prices
15
Prices
The Median Sales Price in December was $ 1,400,000 , up 0.0 %
2,000
The from Median $ 1,399,500 Sales Price in December in December of 2016 was $ and 1,400,000 up from , up $ 00.0 last % from month $ 1,399,500 . The Average in December Sales Price
2,000 of 2016 in December and up from was $ 01,343,333 last ,
1,900 month down . 4.0 The % Average from $ 1,399,500 Sales Price in in December of was 2016 $ 1,343,333 and up , from
1,9001,800 down
$ 0 last 4.0 month % from . $ December 1,399,5002017 in December ASP was of at 2016 the lowest and up level from
1,8001,700
Median
16 Sales Price and Average
17 Sales Price
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ compared 0 last month to . December of 2017 2016 ASP and was 2015 at the . lowest level
1,7001,600
compared to December of 2016 and 2015 .
1,6001,500
1,5001,400
1,4001,300
1,3001,200
1,2001,100
1,100
1,000
1,000
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
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 S O N D
15
16
17
Inventory & MSI
Inventory & MSI
The Total Inventory of Properties available for sale as of
The Total Inventory of Properties available for sale as of
December
December was
was 48
48 , down
, down 5.9
5.9 %
% from
from 51
51 last
last month
month and
and down
down
80
2.0
2.0 % from from 49 49 in in December December of of last last year year
. December . December
2017 2017
70
Inventory
Inventory was was at at a mid a mid level level compared compared with with December December of 2016 of 2016
60 and and 2015 2015 . .
50
40
80
70
60
50
40
30
A comparatively lower MSI MSI is more is more beneficial for for sellers sellers while while a a higher MSI is is better for for buyers . The . The December 2017 2017 MSI MSI of of
20
16.0 months was was at at its its lowest level level compared with with December of of
10
30
20
10
2016 and 2015 . .
0
0
6
5
4
3
2
1
65
J 15
1 60
1
58 4
55 52
Agent Name
5
Title Phone Website Other
4
Total Inventory & Month ' s Supply of Inventory ( MSI ) Total Inventory & Month ' s Supply of Inventory ( MSI )
70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0
F JM FA M AJ MJ JA JS AO NS DO NJ FD MJ
AF M JA JM AJ S JOAN SD OJ NF DM JA FM MJ AJ MA SJ OJ NA DS O N D
15
16 16
17 17
65 60 58 55
59
53 52
4 2
63 59
53 50
1 63
2
55
50 53
5 55 44
1
53 53
45 0 44
Number of Properties Sold
2
60 60
45 0
60 3
60 1
53 56
57 58 56 3 5 2 3 2
62 57 63 58 59
62
58 63 59
59
58
65 67
59 68
65 68
63 67
61 68
59 68
58 63
49
51 3 3 49
2
51 3 2 3 3 5 5
61 51
3 Mo Avg
3 59 48
4 58
2 51
1 1 4 5 4 4 2 1 2 5 1 0 2 0 3 1 3 5 2 3 2 3 3 2 3 2 3 3 5 5 3 4 2 2 0 3
3 Mo Avg
2
48 0 3
70.0 60.0
50.0 40.0 30.0 20.0 10.0 0.0
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