HOU ARCHIVED March 2017 | Page 6

Market Action Report March 2017
Market Action Report March 2017

FORT County : Fort Bend BEND

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
$ 1,367,500
-7%
5 %
Average List Price of all Current Listings
$ 1,679,121
-8%
-5%
March Median Sales Price
$ 1,380,000
-9%
-8%
15 %
7 %
$ 1,512,500
26 %
17 %
March Average Sales Price
$ 8,948,333
498 % 154 % 411 % 514 %
$ 3,746,156
150 %
157 %
Total Properties Currently for Sale ( Inventory )
114
16 %
13 %
March Number of Properties Sold
3 -25%
-40%
10
11 %
March Average Days on Market ( Solds )
99
-5% -27% -20% -23%
130
-4%
2 %
Asking Price per Square Foot ( based on New Listings )
$ 247
-1%
-5%
0 %
-15%
$ 263
6 %
-9%
March Sold Price per Square Foot
$ 3,317
1106 % 209 % 1389 % 1394 %
$ 1,164
439 %
424 %
March Month ' s Supply of Inventory
38.0
55 %
25 %
88 %
45 %
30.4
-12%
16 %
March Sale Price vs List Price Ratio
98.6 %
8.7 % 10.1 % 4.9 % 7.5 %
90.7 %
1 %
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
12 March Property sales were 3 , down 40.0 % from 5 in March of 2016 and 25.0 % lower than the 4 sales last month . March 2017 Property Sales
12
10 sales were at a mid level compared to March of 2016 and 2015 . March Property sales were 3 , down 40.0 % from 5 in March of 2016
March and
YTD 25.0
sales % lower
of 10 than
are the
running 4 sales
11.1 last
% month
ahead . of March
last year 2017
' s
10 8 sales year-to-date were at a sales mid level of 9 . compared to March of 2016 and 2015 . March YTD sales of 10 are running 11.1 % ahead of last year ' s
8 6 year-to-date sales of 9 .
6 4
Agent Name
Title Phone Website Other
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
4 2
2
0
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
0
14
15
16
17
A
M J
Prices
14
The Median Sales Price in March was $ 1,380,000 , up 15.0 %
Prices
9,000 from $ 1,200,000 in March of 2016 and down 8.8 % from
The
$ 1,512,500 Median Sales last month Price in
. The March
Average was $ 1,380,000
Sales Price , up in
15.0 March
% was
9,0008,000 from $ 1,200,000 in March of 2016 and down 8.8 % from
$ 8,948,333 , up 411.3 % from $ 1,750,031 in March of 2016 and
$ 1,512,500 last month . The Average Sales Price in March was
8,0007,000 up 497.6 % from $ 1,497,500 last month . March 2017 ASP was at
$ 8,948,333 , up 411.3 % from $ 1,750,031 in March of 2016 and the highest level compared to March of 2016 and 2015 .
7,0006,000 up 497.6 % from $ 1,497,500 last month . March 2017 ASP was at the highest level compared to March of 2016 and 2015 .
6,0005,000
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
15
Median Sales Price and
16 Average Sales Price
17
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
5,0004,000
10
4,0003,000
3,0002,000
6 5 10
2,0001,000
1,000
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
A M14J
J
A S O N D
J
F
15 M A M J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M
17
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 March
The was Total 114 , up Inventory 16.3 % from of Properties 98 last month available and for up sale 12.9 as % of from March 101 in
120 was 114 , up 16.3 % from 98 last month and up 12.9 % from 101 in
120
March of last year . March 2017 Inventory was at its highest
100
March level compared of last year with . March March 2017 of Inventory 2016 and was 2015 at . its highest
100 level compared with March of 2016 and 2015 .
80
80
Total Inventory & Month ' s Supply of Inventory ( MSI )
90.0
80.0
70.0
60.0
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
40 higher MSI is better for buyers . The March 2017 MSI of 38.0 higher MSI is better for buyers . The March 2017 MSI of 38.0 months was at a mid level compared with March of 2016 and
20 months was at a mid level compared with March of 2016 and
2015 .
2015 .
0
60
50.0
40.0
40
30.0
20
20.0
10.0
0
0.0
A
M
A J
M
J
J A
J S
A O
S N
O D
N J
D
F M
J
A
F M
J
A
J
M
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 O
J
N
A
D
S O J
F
N
M
D J
F M
14
14
15
15
16
16
17
17
60
90.0
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
67 10 70
6
67
76 70
5
70 76 65
10 70 62
7 65 65
6 62 64
7 65 52
6
64 70
57 5 52
4 78
57 1 2
85
85 78 85 84
70
7 6 7 6 5 4 1 2 6 3
6
85 3
85 85
10 84
76
73 10 5
82 76 83 73
9 82
6
77 80
83 6
101
87 77
2 2
80 92 92
2 101
5
10 10 5 9 6 6 2 2 2 5 4 5 11
92 4 92
5 96
87
96 96 96 96
11 96
9
96
92 92
7
96
78 86
6
92 92 98
4 114 78
5 86
1 98
9 7 6 4 5 1 3 4 3
3
114 4 3
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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 .