HOU ARCHIVED March 2018 | Page 10

Market Action Report
March 2018
Agent Name
County: Fort
Bend
FORT
BEND
Market
Action
Report
Title
Phone
Agent
Name
County: Fort Information
Bend
Community
| School District Title Website
March 2018
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con
YTD
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for March was 141, up 41.0% from 100
days last month and up 42.4% from 99 days in March of last
year. The March 2018 DOM was at a mid level compared with
March of 2017 and 2016.
250
200
150
141
123
99
50
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
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16
17
18
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
3 Mo Avg
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The March 2018 Selling Price per Square Foot of $244 was up
22.7% from $199 last month and down 92.6% from 3,317 in
March of last year.
3 Mo Avg
3,317
3,150
2,650
2,150
1,650
244
223
150
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
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16
17
18
100
comparatively lower
lower
MSI
is more
beneficial
sellers
while
A A comparatively
MSI
is more
beneficial
for for
sellers
while
a a 40 40
higher MSI
MSI is is better
better
buyers.
The
March
2018
of 28.8
higher
for for
buyers.
The
March
2018
MSI MSI
of 28.8
20
months was
was at at a a mid
mid
level
compared
with
March
of 2017
months
level
compared
with
March
of 2017
and and 20
0 0
2016.
2016.
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
A J S O
J F N M D
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
J N
A D S O
15 15
16 16
17
18
17
Data is provided courtesy of Houston Association of REALTORS and may not reflect all relevant real estate activity. CB United, Realtors
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.
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.
60%
40%
20%
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
15
16
17
18
Inventory / New Listings / Sales
Inventory / New Listings / Sales
30.0 30.0 20
20.0 20.0 0
10.0 10.0
60
40.0
80
100
120
140
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in March 2018 was 48, up 92.0% from 25 last month and up
65.5% from 29 in March of last year.
50.0
0.0
86.1%
80%
40.0
0.0
J F M
18
98.6%
94.0%
100%
50.0
80 80
60 60
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Inventory & MSI
The Total Inventory of Properties available for sale as of March
The Total Inventory of Properties available for sale as of March
140
was 115,
115, up
up 22.3%
22.3%
from
last
month
8.5%
from
was
from
94 94
last
month
and and
up up
8.5%
from
106 106
in in 140
March
of
last
year.
March
2018
Inventory
was
at
its
highest
March of last year. March 2018 Inventory was at its highest
120 120
level compared
compared with
with
March
2017
2016.
level
March
of of
2017
and and
2016.
100
120%
Median Sales Price and Average Sales Price
9,000
3 Mo Avg
$1,380,000
in March
of March
2017 and
0.9% from
The
Median Sales
Price in
was up
$1,413,125,
up $1,400,000
2.4% from
9,000
8,000
last month. in The
Average
Sales
in March
was $1,486,563,
$1,380,000
March
of 2017
and Price
up 0.9%
from $1,400,000
down
83.4%
from
$8,948,333
in March
of 2017
and up 9.0% 8,000 7,000
last
month.
The
Average
Sales Price
in March
was $1,486,563,
from 83.4%
$1,363,667
last month. in March
ASP
was
the lowest
down
from $8,948,333
March 2018
of 2017
and
up at
9.0%
7,000 6,000
level $1,363,667
compared last
to March
2017 and
2016.
from
month. of March
2018
ASP was at the lowest
6,000 5,000
level compared t o March of 2017 and 2016.
5,000
4,000
4,000
3,000
3,000
2,000
2,000
1,000
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 M 15 J J A S O N D J F 16
M A M J J A S O N D J F M 17 A M J J A S O N D J F M 18
15
16
17
18
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
3
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
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16
17
18
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
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Median Sales Price and Average Sales Price
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The March 2018 Selling Price vs Original
List Price of 86.1% was down from 91.6% last month and down
from 98.6% in March of last year.
8
0
2
3 Mo Avg
Copyright
United,
Realtors
| Price
Range:
$1,000,000
and and
Up | Up
Property
Types:
SFH - SFH
Con - Con
10
| © © CB CB coldwellbankerluxury.com
Copyright
United,
Realtors
| Price
Range:
$1,000,000
| Property
Types:
300
Prices
The Median Sales Price in March was $1,413,125, up 2.4% from
Prices
350
650
0
3 Mo Avg
1,150
2
Number of Properties Sold
4
Title
Phone
Website
Other
100
4
6
Agent Name
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
Number of Properties Sold
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
12
March Property sales were 4, up 33.3% from 3 in March of 2017
and 33.3% Sales
higher than the 3 sales last month. March 2018 sales
Property
12 10
March
Property
sales compared
were 4, up to
33.3%
from
3 in March
of 2017
were at
a mid level
March
of 2017
and 2016.
March
and
33.3%
than
the 3 sales
last
month.
sales 10
YTD
sales higher
of 10 are
running
9.1%
behind
last March
year's 2018
year-to-date
8
were
mid level compared to March of 2017 and 2016. March
sales at of a 11.
YTD sales of 10 are running 9.1% behind last year's year-to-date
8 6
sales of 11.
FORT BEND
County: Fort Bend
Price Range: $1,000,000 and Up | Properties: SFH - Con
$1,300,000 -1%
-7%
Trending versus*:
Trending versus*:
Average
List
Price
of
all
Current
Listings
$1,842,360
-1%
Market Profile & Trends Overview
Month
LM L3M PYM 9%
LY
YTD
Prior YTD Prior Year
March List
Median
$1,413,125
-11%
4%
Median
Price Sales
of all Price
Current Listings
$1,300,000
-1% 1% 1%
-7% 2% 10% $1,340,625
March Average
$1,486,563
-59%
-21%
Average
List Price Sales
of all Price
Current Listings
$1,842,360
-1% 9% -2%
9% -83% -18% $1,428,225
Total Properties
Currently
March
Median Sales
Price for Sale (Inventory)
$1,413,125 115
1% 22%
1% 2% 8%
10% $1,340,625
-11%
4%
March
Sales
Price
$1,486,563 9%
-2% -83% 33%
-18% $1,428,225
-59%
March Average
Number
of Properties
Sold
4 33%
10
-9% -21%
Total
Properties
for Sale (Solds)
(Inventory)
115 141
22% 41% 26%
8% 42% 16%
March
Average Currently
Days on Market
117
-9%
-4%
March
of Properties
Sold
4 33% 19% 5%
33% 12% 8%
10 $258
-9% 0%
Asking Number
Price per
Square Foot
(based on New Listings)
$276
1%
March
Days
on Square
Market Foot
(Solds)
141
41% 23%
26% -1%
42% -93%
16% -35%
117 $235
-9% -78% -4% -38%
March Average
Sold Price
per
$244
Asking
per Square
(based on New Listings)
$276 28.8
19% -8%
5% -2%
12% -19%
8% 34% $258 29.5
0% 10% 1% 38%
March Price
Month's
Supply Foot
of Inventory
March
Sold
Price
per
Square
Foot
$244
23%
-1%
-93%
-35%
$235
-78%
March Sale Price vs List Price Ratio
86.1% -6.0% -5.5% -12.7% -6.2%
89.7%
-1% -38% -2%
March
Supply
of / Inventory
-2% -19% 34%
29.5
10%
38%
* LM=Last Month's
Month / L3M=Last
3 Months
PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 28.8 -8%
March Sale Price vs List Price Ratio
86.1% -6.0% -5.5% -12.7% -6.2%
89.7%
-1%
-2%
Property Sales
March 2018
Community Information | School District
Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Action Report
40
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
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16
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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.
Coldwell Banker Global Luxury ® | 11