HOU ARCHIVED February 2017 | Page 16

Market Action Report February 2017
Community Information | School District
Market Action Report February 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
$ 174,500
9 %
-8%
Average List Price of all Current Listings
$ 218,896
3 %
-2%
February Median Sales Price
$ 203,000
10 %
0 %
19 %
50 %
$ 194,000
27 %
44 %
February Average Sales Price
$ 232,000
10 %
5 %
78 %
46 %
$ 218,250
54 %
37 %
Total Properties Currently for Sale ( Inventory )
45
-8%
2 %
February Number of Properties Sold
3 -40%
0 %
8
33 %
February Average Days on Market ( Solds )
90
137 % 58 % 125 % 22 %
57
-10%
-23%
Asking Price per Square Foot ( based on New Listings )
$ 93
3 %
1 %
11 %
-5%
$ 92
12 %
-6%
February Sold Price per Square Foot
$ 108
3 %
-2%
77 %
32 %
$ 106
54 %
29 %
February Month ' s Supply of Inventory
15.0
53 %
34 %
2 %
27 %
12.4
-19%
5 %
February Sale Price vs List Price Ratio
91.5 %
1.0 % 1.0 % -. 2 %
1.5 %
91.0 %
5 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
16
February Property sales were 3 , equal to 3 in February of 2016 and 40.0 % lower than the 5 sales last month . February 2017
14
Number of Properties Sold
3 Mo Avg
Property sales were Sales at their lowest level compared to February of 2016
16
February and 2015 Property . February sales YTD were sales 3 , equal of 8 to are 3 running February 33.3 of % 2016 ahead of and last 40.0 year %' s lower year-to-date than the sales 5 sales of last 6 . month . February 2017
14
12
10
sales were at their lowest level compared to February of 2016 and 2015 . February YTD sales of 8 are running 33.3 % ahead of
12
8
last year ' s year-to-date sales of 6 .
10
6
8
4
6
2
4
0
2
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
M
A M J
The Median Sales Price in February was $ 203,000 , up 19.4 %
Prices from $ 170,000 in February of 2016 and up 9.7 % from
14
350
The
$ 185,000 Median last Sales month Price . in The February Average was Sales $ 203,000 Price in , up February 19.4 % was
350
300 from
$ 232,000 $ 170,000 , up in 78.2 February % from of $ 2016 130,167 and in up February 9.7 % from of 2016 and up
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
15
16
17
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
$
10.5 185,000 % from last $ month 210,000 . The last Average month Sales . February Price in 2017 February ASP was at a
300
250
$ mid 232,000 range , up compared 78.2 % from to February $ 130,167 in of February 2016 and of 2015 2016 . and up
10.5 % from $ 210,000 last month . February 2017 ASP was at a
250
200
mid range compared to February of 2016 and 2015 .
200
150
150 100

Grimes

5 3 11 9 8 6 14
100
50
50
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
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
Inventory & MSI
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
February Total Inventory was 45 , down of Properties 8.2 % from available 49 last for month sale as and of up 2.3 %
February from 44 was in February 45 , down of 8.2 last % from year . 49 February last month 2017 and Inventory up 2.3 % was
80 from at its 44 highest in February level compared of last year with . February February 2017 of Inventory 2016 and was 2015 .
70 at its highest level compared with February of 2016 and 2015 .
60
50
80
70
60
50
40
Total Inventory & Month ' s Supply of Inventory ( MSI )
60.0
50.0
40.0
60.0
50.0
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 February for sellers 2017 MSI while of a 15.0 higher MSI is better for buyers . The February 2017 MSI of 15.0
20 months was at its highest level compared with February of 2016 months and 2015 was . at its highest level compared with February of 2016
10
30
20
10
0
30.0
20.0
10.0
20.0
10.0
0.0
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
A14 M J
J
A S O N D J
F
M15 A 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
69
62 5 61
3 63
11 58
Agent Name
Title Phone Website Other

Community Information | School District

69
62 61
9 63 54
8 58 50
6 54 48
14
50 43
9
48
41 40
7
43 41 42
4 40 40
7
42 46
7
Number of Properties Sold
9 7 4 7 7 6 7
40 6
46
45 45
7 45
51 12 57 45
12 42 51
9
50
12 12 9 7 8 14
57 7
42
48
50
44
45
47
44
46
48
47
44
43
47
43
46
42
47
44
43
50
43
51
42
44
44
49
50
45
51
45
44 8 14 4 9 3 3 9 6
4 9 3 3 9 6 6 5
6 5 14 11 8 5
44 1
14 11 8 5 1 5 5 3
49
3 Mo Avg
5
45 5 3
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 .