HOU ARCHIVED December 2017 | Page 14

Market Action Report December 2017
Market Action Report December 2017

HARRIS

County : Harris

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
$ 1,600,000
0 %
0 %
Average List Price of all Current Listings
$ 2,041,279
1 %
3 %
December Median Sales Price
$ 1,417,679
8 %
2 %
-2%
3 %
$ 1,390,000
1 %
1 %
December Average Sales Price
$ 1,686,308
1 %
1 %
-2%
2 %
$ 1,675,579
2 %
1 %
Total Properties Currently for Sale ( Inventory )
943 -11%
4 %
December Number of Properties Sold
117
17 %
1 %
1,321
9 %
December Average Days on Market ( Solds )
89
1 %
2 %
3 %
7 %
79
-4%
-5%
Asking Price per Square Foot ( based on New Listings )
$ 413
4 %
1 %
6 %
12 %
$ 382
4 %
4 %
December Sold Price per Square Foot
$ 343
4 %
0 %
-5%
-1%
$ 349
0 %
0 %
December Month ' s Supply of Inventory
8.1 -24% -19%
3 %
-30%
10.4
-9%
-9%
December Sale Price vs List Price Ratio
92.4 %
-. 4 %
. 2 %
. 3 %
-. 1 %
92.7 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
180
December Property sales were 117 , up 0.9 % from 116 in
Property
December Sales of 2016 and 17.0 % higher than the 100 sales last
160
180
December month . December Property sales 2017 were sales 117 were , up at 0.9 their % from highest 116 in level
140
December of 2016 and 17.0 % higher than the 100 sales last
160 compared to December of 2016 and 2015 . December YTD sales
120 month of 1,321 . December are running 2017 9.0 sales % ahead were of at their last year highest ' s year-to-date level sales
140
compared of 1,212 . to December of 2016 and 2015 . December YTD sales of 1,321 are running 9.0 % ahead of last year ' s year-to-date sales of 1,212 .
100
120
100
80
80
60
60
40
40 20
65
Number of Properties Sold
20
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 $ 1,417,679 , down 1.9 %
2,000
The from Median $ 1,444,500 Sales Price in December in December of 2016 was $ and 1,417,679 up 8.2 , % down from 1.9 % from
$ 1,310,750 $ 1,444,500 last month in December . The Average
2,000 of 2016 and Sales up Price 8.2 % in from December
1,900
Median
16 Sales Price and Average
17 Sales Price
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ was 1,310,750 $ 1,686,308 last month , down . The 2.4 Average % from $ Sales 1,728,047 Price in in December of
1,900 was
2016 $ 1,686,308 and up 1.1 , down % from 2.4 $ % 1,668,192 from $ 1,728,047 last month in . December of 2017
1,800
2016
ASP and was up at 1.1 a mid % from range $ 1,668,192 compared last to month December . December of 20162017 and
1,800
1,700
ASP
2015 was . at a mid range compared to December of 2016 and
2015 .
1,700
1,600
1,600
1,500
1,500
1,400
1,400
1,300
1,300
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
65 65 109 106 127 156 142 107 97 89 71 93 47 62 90 104 118 152 115 133 98 88 89 116 53 87 100 125 163 143 130 107 97 99 100 117
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 943
943 , down
, down 10.7
10.7 %
% from
from 1,056
1,056 last
last month
month and
and up up
1,400
1,400
4.3
4.3 % from from 904 904 in in December
December of of last last year year
. December . December
2017 2017
1,200
1,200
Inventory
Inventory was was at at its its highest highest level level compared compared with with December December of of
1,000
1,000
2016
2016 and and 2015 2015 . .
800
800
600
600
A comparatively lower MSI MSI is more is more beneficial for for sellers sellers while while a a
400
400 higher MSI is is better for for buyers . The . The December 2017 2017 MSI MSI of 8.1 of 8.1 months was at at a a mid mid level level compared with with December of 2016 of 2016 and and
200
200
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
20.0
15.0
10.0
5.0
2015 . .
0
0
0.0
J
F JM FA M AJ
MJ AJ
SJ OA NS DO JN FD MJ
AF MJA JMA J S JO AN SD OJ
NF DM JA
MF MJ
AJ
MA SJ
OJ NA DS O N D
15
15
16
16
17
17
709 771
65
Agent Name
109
826 860 883 888
709 771 826
Title Phone Website Other
106
860 127 156 142
883 888 910
910 923 950 107 97
988 953
923
89 71
868 912 1,017
Number of Properties Sold
93 47
950 988 953 868 912
62 90 104 118 152 115
1,170 1,176 1,184 1,158 1,095
1,128 1,170
1,017 1,176 1,128 1,184
1,158 1,095 1,087 1,052
133 98 88
1,001 904 899 965
89
1,087 1,052 1,001 904 116 53 87
1,094 1,137 1,199 1,196
899 965 1,094
100 125 163 143
1,137 1,190
1,158 1,199 1,196 1,190 1,158 1,118 1,109
1,118 1,109 1,056 943
3 Mo Avg
130 107 97
3 Mo Avg
99
1,056
943 100 117
25.0 20.0
15.0 10.0 5.0 0.0
14 | coldwellbankerluxury . com
Copyright © CB United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con 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 .