HOU ARCHIVED January 2018 | Page 12

Market Action Report January 2018
Market Action Report January 2018

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
$ 1,772,500
3 %
22 %
Average List Price of all Current Listings
$ 1,882,651
2 %
10 %
January Median Sales Price
$ 1,450,000
4 %
0 %
24 %
13 %
$ 1,450,000
24 %
13 %
January Average Sales Price
$ 1,380,000
3 %
-2%
17 %
2 %
$ 1,380,000
17 %
2 %
Total Properties Currently for Sale ( Inventory )
50
4 %
-2%
January Number of Properties Sold
3
0 %
0 %
3
0 %
January Average Days on Market ( Solds )
139
4 %
-28% 107 % 31 %
139
107 %
31 %
Asking Price per Square Foot ( based on New Listings )
$ 396
-12%
1 %
-3%
-2%
$ 396
-3%
-2%
January Sold Price per Square Foot
$ 348
-17% -13% -1%
-11%
$ 348
-1%
-11%
January Month ' s Supply of Inventory
16.7
4 %
2 %
-2%
-20%
16.7
-2%
-20%
January Sale Price vs List Price Ratio
90.0 %
. 8 %
4.9 % -2.5% -. 7 %
90.0 %
-3%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales January Property sales were 3 , equal to 3 in January of 2017 and Property the same as Sales the 3 sales last month . January 2018 sales were at 6 January their highest Property level sales compared were 3 , equal to January to 3 in of January 2017 and of 2017 2016 and . the January same as YTD the sales 3 sales of last 3 are month running . January equal 2018 to last sales year were ' s year-todate highest sales of level 3 . compared to January of 2017 and 2016 . at
5 their January YTD sales of 3 are running equal to last year ' s year-todate sales of 3
4
. 3
2
Number of Properties Sold
1
0
0
F
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
15
16
17
18
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
Prices
15
Prices
The Median Sales Price in January was $ 1,450,000 , up 24.2 %
2,000
The from Median $ 1,167,500 Sales Price in January in January of 2017 was and $ 1,450,000 up 3.6 %, up from 24.2 % from
$ 1,400,000 $ 1,167,500 last in month January . The of 2017 Average
2,000 and Sales up 3.6 Price % from in January was
1,900
$ 1,400,000 1,380,000 last , up month 17.2 %. from The Average $ 1,177,000 Sales in Price January in January of 2017 was and
1,9001,800
$ up 1,380,000 2.7 % from , up $ 17.2 1,343,333 % from last $ 1,177,000 month . in January 2018 of 2017 ASP and was at
1,8001,700
Median
16 Sales Price and Average
17 Sales Price
Median Sales Price and Average Sales Price
18
3 Mo Avg
3 Mo Avg
up a mid 2.7 % range from compared $ 1,343,333 to last January month . of January 2017 and 2018 2016 ASP . was at
1,7001,600
a mid range compared to January of 2017 and 2016 .
1,6001,500
1,5001,400
1,4001,300
1,3001,200
1,2001,100
1,100
1,000
1,000
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
M
15 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
J
18
15
16
17
18
Inventory & MSI Inventory & MSI The Total Inventory of Properties available for sale as of The Total Inventory of Properties available for sale as of January
January was
was 50
50 , up
, up 4.2
4.2 %
% from
from 48
48 last
last month
month and
and down
down 2.0 %
2.0 % 80 from from 51 51 in in January January of of last last year year . January
. January 2018
2018 Inventory
Inventory was was at a at 70 a mid mid level level compared compared with with January January of 2017 of 2017 and and 2016 2016 . .
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 January 2018 2018 MSI MSI of 16.7 of 16.720 months was at at its its lowest level level compared with with January of 2017 of 2017 10 and 2016 . .
0
6
5
4
3
2
1
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
80
70.0
70
60
50
40
60.0
50.0
40.0
30
30.0
20
20.0
10
10.0
0
0.0
F
MFAM AJ
MJ
JA JS AO NS OD NJ
FD MJ
AF
M JA JM AJ S
J OAN SDOJ
NF DM JA FM MJ
AJ
MA SJ
OJ
NA DS JO N D J
15
15
16
16
17
17
18
18
60 1 58 60
4
55 58
5
52 55
Agent Name
4 59
53 52
Title Phone Website Other
4 2
63 59
53 50
1
63 2 5
55
50 53 55 44
1
53 53
45 0 44
2
60 60
45
Number of Properties Sold
0 3
60 60
1
53 56
57 58 56 3 5 2 3 2
62 57 63 58 59
62
58 63 59 58 59 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 3
61 59
51 48 50
3 Mo Avg
4 58
2 51
2 48
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
3 Mo Avg
0
50 3 3
70.0 60.0
50.0 40.0 30.0 20.0 10.0 0.0
12 | 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 .