HOU ARCHIVED February 2017 | Page 14

Market Action Report February 2017
Community Information | School District
Market Action Report February 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
$ 310,000
3 %
7 %
Average List Price of all Current Listings
$ 388,717
3 %
6 %
February Median Sales Price
$ 215,000
5 %
0 %
5 %
1 %
$ 212,000
6 %
0 %
February Average Sales Price
$ 248,921
-3%
-1%
8 %
2 %
$ 252,622
10 %
3 %
Total Properties Currently for Sale ( Inventory )
1,753
-0%
8 %
February Number of Properties Sold
301
34 %
-18%
525
-19%
February Average Days on Market ( Solds )
66
-3%
8 %
-6%
14 %
67
-7%
16 %
Asking Price per Square Foot ( based on New Listings )
$ 161
8 %
9 %
13 %
15 %
$ 155
9 %
11 %
February Sold Price per Square Foot
$ 131
4 %
3 %
16 %
8 %
$ 129
13 %
7 %
February Month ' s Supply of Inventory
5.8 -26% -7%
32 %
33 %
6.8
35 %
56 %
February Sale Price vs List Price Ratio
94.6 %
. 2 %
-. 5 %
. 6 %
-. 8 %
94.5 %
1 %
-1%
* 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
February Property sales were 301 , down 17.8 % from 366 in
February of 2016 and 34.4 % higher than the 224 sales last
600
Number of Properties Sold
3 Mo Avg
Property month . February Sales 2017 sales were at their lowest level compared
700
February to February Property of 2016 sales and were 2015 301 . , February down 17.8 YTD % from sales 366 of in 525 are
500
February running of 19.0 2016 % behind and 34.4 last % higher year ' s than year-to-date the 224 sales last of 648 . month . February 2017 sales were at their lowest level compared
600
400
to February of 2016 and 2015 . February YTD sales of 525 are
500
running 19.0 % behind last year ' s year-to-date sales of 648 .
300
400
200
300
100
200
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in February was $ 215,000 , up 5.4 %
M
A M J
14
J
A S O N
Median D
J
F M ASales M J Price
J A S and O N DAverage
J
F M ASales M J JPrice
A S O N D
J
F
15
16
17
3 Mo Avg
Prices from $ 204,000 in February of 2016 and up 4.9 % from
290
The
$ 205,000 Median last Sales month Price . in The February Average was Sales $ 215,000 Price , in up February 5.4 % was from
$ 248,921 $ 204,000 , up 8.5 in February % from $ of 229,452 2016 and in February up 4.9 % from of 2016 and
270
290
$ down 205,000 3.4 last % from month $ 257,595 . The Average last month Sales . Price February in February 2017 ASP was was
250
$ at 248,921 the highest , up 8.5 level % from compared $ 229,452 to in February of of 2016 and 2015 .
270 down 3.4 % from $ 257,595 last month . February 2017 ASP was
230
250
Median Sales Price and Average Sales Price
3 Mo Avg
at the highest level compared to February of 2016 and 2015 .
210
230
210
190
190
170
417 497 516 560 550
417 497 516 560 550 573 456 460 381 426 284 359 455 484 487 539 591 515 504 444 333 437 282 366 511 491 578 592 561 510 370 390 281 327 224 301
170 150 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
150 14
15 16
17
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 14
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 February Total Inventory was 1,753 of , down Properties 0.1 % available from 1,754 for last sale month as of and up 2,500 February 8.3 % from was 1,618 1,753 in , down February 0.1 % of from last 1,754 year last . February month and 2017 up 2,500
9.0 2,000
8.3 Inventory % from 1,618 was at in its February highest of level last year compared . February with 2017 February of 8.0
2,000 Inventory 2016 and was 2015 at . its highest level compared with February of
7.0 1,500
2016 and 2015 . 6.0
1,500 1,000
5.0
A comparatively lower MSI is more beneficial for sellers while a 4.0
1,000 A higher comparatively MSI is better lower for MSI buyers is more . The beneficial February for sellers 2017 MSI while of a 5.8 500
3.0 higher months MSI was is better at its highest for buyers level . The compared February with 2017 February MSI of 5.8 of 2016500 2.0 months and 2015 was . at its highest level compared with February of 2016 0 1.0 and 2015 .
0 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 D0.0J F
M A 14 M J J A S O N D J F M15A M J J A S O N D J F M16 A M J J A S O N D J F 17
14 15
16
17
573 456 460 381
2,217 2,224 2,173 2,138 2,161 2,107 2,024 1,912 1,821
2,217 2,224 2,173 2,138 2,161 2,107 2,024 1,912 1,821 1,683 1,696 426 284
Number of Properties Sold
359 455 484 487 539 591 515 504 444
1,683 1,696 1,732 1,712 1,759 1,868 1,900 1,911 1,884 1,819 1,772 1,674 333 437 282 366 511
1,732 1,712 1,759 1,868 1,900 1,911 1,884 1,819 1,772 1,674 1,551 1,614
1,618
1,712 1,551
1,743 1,614
1,748 1,618 1,879 1,914
491 578 592 561 510 370
1,942 1,965 1,919 1,811 1,710 1,754 1,753 390 281
1,712 1,743 1,748 1,879 1,914 1,942 1,965 1,919 1,811 1,710
3 Mo Avg
327 224
1,754 1,753
301
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
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 .