HOU ARCHIVED May 2016 | Page 12

Galveston Community Information | School District

Galveston Community Information | School District

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
$ 1,397,000
-0%
4 %
Average List Price of all Current Listings
$ 1,651,579
-3%
-0%
May Median Sales Price
$ 1,575,000
43 %
37 %
18 %
24 %
$ 1,275,000
-9%
0 %
May Average Sales Price
$ 1,975,000
80 %
30 %
46 %
32 %
$ 1,502,222
-9%
0 %
Total Properties Currently for Sale ( Inventory )
62
-5%
19 %
May Number of Properties Sold
3
200 %
-25%
9
-40%
May Average Days on Market ( Solds )
229
3717 %
85 % -16%
3 %
121
-59%
-46%
Asking Price per Square Foot ( based on New Listings )
$ 299
-11% -19% -16% -15%
$ 367
3 %
5 %
May Sold Price per Square Foot
$ 484
6 %
8 %
72 %
44 %
$ 435
20 %
29 %
May Month ' s Supply of Inventory
20.7
-68% -42% 59 %
-37%
32.5
-1%
-0%
May Sale Price vs List Price Ratio
78.0 % -22.0% -11.1% -9.1% -10.2%
89.9 %
6 %
4 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher ( up ), lower ( down ) or unchanged ( flat )
3 Mo Avg
Property Sales
8
May Property sales were 3 , down 25.0 % from 4 in May of 2015
and 200.0 % higher than the 1 sales last month . May 2016 sales
7
were at their lowest level compared to May of 2015 and 2014 .
May YTD sales of 9 are running 40.0 % behind last year ' s year-todate
6
sales of 15 .
5
Prices The Median Sales Price in May was $ 1,575,000 , up 17.9 % from $ 1,335,625 in May of 2015 and up 43.2 % from $ 1,100,000 last month . The Average Sales Price in May was $ 1,975,000 , up 46.0 % from $ 1,352,813 in May of 2015 and up 79.5 % from $ 1,100,000 last month . May 2016 ASP was at the highest level compared to May of 2015 and 2014 .
4 3 2 1
Number of Properties Sold
0 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 3 Mo Avg 13
14 15
16
Median Sales Price and Average Sales Price
3 Mo Avg
2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000
3 Mo Avg
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
13
14
15
16
7 4 4 1 3 2 2 1 0 2 2 3 2 4 3 0 4 0 4 1 1 4 5 4 4 2 1 2 5 1 0 2 0 3 1 3
Inventory & MSI The Total Inventory of Properties available for sale as of May was 62 , down 4.6 % from 65 last month and up 19.2 % from 52 in May of last year . May 2016 Inventory was at a mid level compared with May of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The May 2016 MSI of 20.7 months was at a mid level compared with May of 2015 and 2014 .
80 70 60 50 40 30 20 10 0
80 70 60 50 40 30 20
47
10 0
J
13
53 54
66 53 54 63
Total Inventory & Month ' s Supply of Inventory ( MSI )
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
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 M0.0A M
J
13A
S O N D
J
F
14 M A M J
J
A
S O N D
J
F M15A M J
J
A
S O N D
J
F M A16M
14
15
16
47
66 61
63 59
61 60
59 66
60 64
66
65 64 65
64 64
64 64
69
69 69 68
69
64 68
59 62
64
65 59 62
60 58
65 60 58
55 52 53
55
59 52
63 53 50
59 63
55 53
50 55
53 65 65 62
55
44
45 55 44 45
65 65
62
80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0
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