HOU ARCHIVED March 2018 | Page 12

Market Action Report
March 2018
Agent Name
County: Galveston
GALVESTON
Market
Action Report
Title
Phone
Agent
Name
County: Galveston
Community
Information | 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 231, up from 0 days
last month and up 463.4% from 41 days in March of last year.
The March 2018 DOM was at a mid level compared with March
of 2017 and 2016.
231
250
200
150
60
4 1
0
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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 $364 was up
from $0 last month and down 59.2% from 893 in March of last
year.
3
3 Mo Avg
893
850
750
650
550
412
450
364
250
2
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
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
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16
17
18
Inventory / New Listings / Sales
Inventory / New Listings / Sales
80
10.0 10.0
0.0
20.0 0
20.0 30.0 10
30.0 40.0 20
40.0
50.0
30
50
60
70
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 19, up 111.1% from 9 last month and up
58.3% from 12 in March of last year.
50.0
60%
40
0.0
A M A J M J J A J S A O S N O
D N J D
F M
A J S O
N D
J F N M
J A F M
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 A
S O
D J F M
15 15
16 16
17
18
17
18
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.
80%
60.0
60.0
95.3%
93.7%
93.5%
100%
70.0
70.0
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
was 69,
69, up
up 25.5%
25.5%
from
last
month
6.2%
from
65 in 80 80
was
from
55 55
last
month
and and
up up
6.2%
from
65 in
March
of
last
year.
March
2018
Inventory
was
at
its
highest
70 70
March of last year. March 2018 Inventory was at its highest
level compared
compared with
with
March
2017
2016.
level
March
of of
2017
and and
2016.
60 60
50 50
40 40
30 30
comparatively lower
lower
MSI
is more
beneficial
sellers
while
A A comparatively
MSI
is more
beneficial
for for
sellers
while
a a
higher MSI
MSI is is better
better
buyers.
The
March
2018
of 23.0 20 20
higher
for for
buyers.
The
March
2018
MSI MSI
of 23.0
months was
was at at its its
highest
level
compared
with
March
of 2017 10 10
months
highest
level
compared
with
March
of 2017
0 0
and
and 2016.
2016.
120%
3 Mo Avg
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2
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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 Median Sales Price and 17 Average Sales Price
18
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 95.3% was up from 0.0% last month and up from
93.7% in March of last year.
3
0
1
Median Sales Price and Average Sales Price
2,200
3 Mo Avg
from
$1,735,000
in March
of 2017
and up from up $0
last month.
The
Median
Sales Price
in March
was $2,195,300,
26.5%
2,200
The $1,735,000
Average Sales
Price in
was up
$2,147,767,
up month.
27.7%
from
in March
of March
2017 and
from $0 last
2,000
from
$1,681,800
in March
of 2017
up from up
$0 27.7%
last month.
The
Average
Sales Price
in March
was and
$2,147,767,
2,000
March
2018 ASP in was
at the
highest
compared
March of
from
$1,681,800
March
of 2017
and level
up from
$0 last to
month.
1,800
2017 and
March
2018 2016.
ASP was at the highest level compared to March of
1,800
2017 and 2016.
1,600
1,600
1,400
1,400
1,200
1,200
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
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Copyright
United,
Realtors
| Price
Range:
$1,000,000
and and
Up | Up
Property
Types:
SFH - SFH
Con - Con
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| © © CB CB coldwellbankerluxury.com
Copyright
United,
Realtors
| Price
Range:
$1,000,000
| Property
Types:
300
Prices
The Median Sales Price in March was $2,195,300, up 26.5%
Prices
350
350
0
3 Mo Avg
400
50
4
1
Number of Properties Sold
2
Title
Phone
Website
Other
100
5
3
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
March Property sales were 3, equal to 3 in March of 2017 and
higher than Sales
the 0 sales last month. March 2018 sales were at 6
Property
March
Property level
sales compared
were 3, equal
to 3 in of March
2017
and March
their highest
to March
2017 of
and
2016.
higher
than of
the 6 0 are
sales
last month.
at
YTD sales
running
25.0% March
behind 2018
last sales
year's were
year-to-date
5
their
sales highest
of 8. level compared to March of 2017 and 2016. March
YTD sales of 6 are running 25.0% behind last year's year-to-date
4
sales of 8.
GALVESTON
County: Galveston
Price Range: $1,000,000 and Up | Properties: SFH - Con
$1,600,000 -9%
3%
Trending versus*:
Trending versus*:
Average
List
Price
of
all
Current
Listings
$1,827,347
-2%
Market Profile & Trends Overview
Month
LM L3M PYM 7%
LY
YTD
Prior YTD Prior Year
March List
Median
$2,195,300
51%
20%
15%
Median
Price Sales
of all Price
Current Listings
$1,600,000
-9%
3% 27% 71% $1,474,000
March Average
$2,147,767
32%
29%
31%
Average
List Price Sales
of all Price
Current Listings
$1,827,347
-2%
7% 28% 59% $1,763,883
Total Properties
Currently
March
Median Sales
Price for Sale (Inventory)
$2,195,300 69 25%
51% 27% 6%
71% $1,474,000
20%
15%
March
Sales
Price
$2,147,767
59% $1,763,883
29%
March Average
Number
of Properties
Sold
3 32% 28% 0%
6 -25% 31%
Total
Properties
for Sale (Solds)
(Inventory)
69 231
25%
6% 463% 118%
March
Average Currently
Days on Market
38%
185 278%
75%
March
of Properties
Sold
3
0% -24% 1%
6 $398
-25% -16%
Asking Number
Price per
Square Foot
(based on New Listings)
$403
0% 0%
-1%
March
Days
on Square
Market Foot
(Solds)
231
38% -3%
463% -59%
118% -7%
185 $356
278% -33% 75% -9%
March Average
Sold Price
per
$364
Asking
per Square
(based on New Listings)
$403 23.0
0% 0%
0% 16%
-24% 6%
1% 11% $398 19.8
-16% -13% -1% -4%
March Price
Month's
Supply Foot
of Inventory
March
Sold
Price
per
Square
Foot
$364
-3%
-59%
-7%
$356
-33% -1% -9% 2%
March Sale Price vs List Price Ratio
95.3%
4.1% 1.7% 5.2%
92.6%
March
Supply
of / Inventory
16% 6% 11%
19.8 -13%
-4%
* LM=Last Month's
Month / L3M=Last
3 Months
PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 23.0 0%
March Sale Price vs List Price Ratio
95.3%
4.1% 1.7% 5.2%
92.6%
-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
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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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.
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