HOU ARCHIVED June 2017 | Page 8

Market Action Report
June 2017
County: Galveston
GALVESTON
Market Action Report
Agent Name
June 2017
Title
Phone
Agent Name
Website
Title Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$1,450,000
-5%
4%
Community
Information | School District
County: Galveston
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con Listings
Median
List Price
all Current
Trending versus*:
Prior YTD Prior Year
YTD
versus*:
Trending versus*:
$1,695,454 Trending
-0%
5%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$1,250,000 9% 3% 10% 3% $1,187,500
-2%
-2%
$1,450,000 -5%
4%
$1,318,600 -2% -4% -1% -5% $1,329,257
-8%
-4%
$1,695,454 -0%
5%
68
0%
19%
$1,250,000 9% 3% 10% 3% $1,187,500
-2%
-2%
5 0%
21
$1,318,600 -2%
-4% -1% 0%
-5% $1,329,257
-8% 50% -4%
June Properties
Average Days
on Market
(Solds)
87
-8%
-22%
Total
Currently
for Sale
(Inventory)
68 156
0% 33% 59%
19% 212% 41%
Asking
Price of
per Properties
Square Foot
$352
15%
June
Number
Sold (based on New Listings)
5 0% -2% -11%
0% 15% -2%
21 $414
50% 16%
June Average
Sold Price
per
$363
June
Days
on Square
Market Foot
(Solds)
156
33% 17%
59% -19%
212% 8%
41% 0%
87 $416
-8% 4% -22% 14%
June Month's
Inventory
Asking
Price per Supply
Square of
Foot
(based on New Listings)
$352 13.6
-2% 0%
-11% -17%
15% 19%
-2% -46% $414 19.4
16% -27% 15% -23%
June Sold
Sale Price
Price per
vs Square
List Price
Ratio
88.4%
June
Foot
$363
17% -2.5%
-19% -3.5%
8% -11.2%
0% -2.5% $416 92.2%
4% -1% 14% 2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
June
Month's Supply of Inventory
13.6 0% -17% 19% -46%
19.4 -27%
-23%
June Sale Price vs List Price Ratio
88.4% -2.5% -3.5% -11.2% Number
-2.5%
92.2%
-1% Sold 2%
of Properties
Average List Price of all Current Listings
Market Profile & Trends Overview
June Median Sales Price
Median List Price of all Current Listings
June Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
June Median Sales Price
June Average
Number
of Properties
Sold
June
Sales
Price
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
1
0
1 1
2 2
3 3
Prices
3 Mo Avg
4
4
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 A M J
14
15
16
17
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 A M J
Median Sales Price
14
15
16 and Average Sales Price
17
3 Mo Avg
0
Number of Properties Sold
5
sales of 21 are running 50.0% ahead of last year's year-to-date
sales of 14.
6
June Property sales were 5, equal to 5 in June of 2016 and the
same as the 5 sales last month. June 2017 sales were at their
Property Sales
highest level compared to June of 2016 and 2015. June YTD 6
June Property sales were 5, equal to 5 in June of 2016 and the
sales as
of the
21 are
running
50.0% June
ahead
of last
year's
same
5 sales
last month.
2017
sales
were year-to-date
at their
5
sales of level
14. compared to June of 2016 and 2015. June YTD
highest
Property Sales
The Median Sales Price in June was $1,250,000, up 9.9% from
2,000
Median Sales Price and Average Sales Price
Prices
$1,137,500 in June of 2016 and up 8.7% from $1,150,000 last
3 Mo Avg
The
Median
Sales
Price
in
June
was
$1,250,000,
up
9.9%
from
month. The Average Sales Price in June was $1,318,600, down 2,000 1,900
$1,137,500 in June of 2016 and up 8.7% from $1,150,000 last
1,800
1.4% from $1,337,700 in June of 2016 and down 1.8% from
1,900
month. The Average Sales Price in June was $1,318,600, down
$1,342,500 last month. June 2017 ASP was at the lowest level 1,800 1,700
1.4% from $1,337,700 in June of 2016 and down 1.8% from
compared to June of 2016 and 2015.
1,700 1,600
$1,342,500 last month. June 2017 ASP was at the lowest level
1,600 1,500
compared to June of 2016 and 2015.
1,500 1,400
1,400 1,300
1,300 1,200
1,200 1,100
1,100 1,000
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 A M J
1,000
J A 14 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
14
15
16
17
Inventory & MSI
Inventory
& MSI of Properties available for sale as of June
The Total Inventory
The
Inventory
Properties
available
for sale
as of
was Total
68, equal
to 68 of last
month and
up 19.3%
from
57 June
in June of 80
was
equal
to 68
last Inventory
month and
up at
19.3%
from 57 level
in June
of 80 70
last 68,
year.
June
2017
was
its highest
compared
last
year.
June
2017 and
Inventory
with
June
of 2016
2015. was at its highest level compared 70 60
with June of 2016 and 2015.
60
50
50
40
40
30
A comparatively lower MSI is more beneficial for sellers while a 30
A comparatively lower MSI is more beneficial for sellers while a
20
higher MSI is better for buyers. The June 2017 MSI of 13.6
20
higher MSI is better for buyers. The June 2017 MSI of 13.6
months was at its highest level compared with June of 2016 and 10 10
months was at its highest level compared with June of 2016 and
0
2015.
0
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CB
United,
Realtors
| Price
Range:
$1,000,000
| Property
Types:
United,
Realtors
| Price
Range:
$1,000,000
and and
Up | Up
Property
Types:
SFH - SFH
Con - Con
Data is is provided
provided
courtesy
of Houston
Association
of REALTORS
and may
not reflect
all relevant
real estate
CB United,
Data
courtesy
of Houston
Association
of REALTORS
and may
not reflect
all relevant
real estate
activity. activity.
CB United,
Realtors Realtors
does not
not warrant
warrant
guarantee
accuracy
of this
information.
It is responsibility
the responsibility
any buyer
or to
seller
verify
all information
to such consumer’s
estate transaction.
does
or or
guarantee
the the
accuracy
of this
information.
It is the
of any of buyer
or seller
verify to any
and any
all and
information
relevant relevant
to such consumer’s
real estate real
transaction.
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
J F A M
D A J M F M
J A J S A O S N O D N J D F M
M A
J M
J A J S J O A N S D O J N F D M J A F M M J A J M A J S J O A N S D O J N
F M
J A M J
16
17
14 14
15 15
16
17
2015.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0