HOU ARCHIVED May 2017 | Page 8

Market Action Report
May 2017
County: Galveston
GALVESTON
Market Action Report
Agent Name
May 2017
Title
Phone
Agent Name
Website
Title Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$1,499,000
0%
7%
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*:
$1,706,227 Trending
0%
4%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$1,150,000 -10% -3% -27% -5% $1,177,500
-8%
-3%
$1,499,000 0%
7%
$1,342,500 10% -2% -32% -3% $1,332,587
-11%
-4%
$1,706,227 0%
4%
70
4%
25%
$1,150,000 -10% -3% -27% -5% $1,177,500
-8%
-3%
5 67%
16
78% -4%
$1,342,500 10%
-2% -32% 67%
-3% $1,332,587
-11%
May Properties
Average Days
on Market
(Solds)
66 -45%
-41%
Total
Currently
for Sale
(Inventory)
70 117
4% 318% 77%
25% -49% 5%
Asking
Price of
per
Square Foot
$367
20%
May
Number
Properties
Sold (based on New Listings)
5 67% 6% -16%
67% 31% 2%
16 $431
78% 17%
May Average
Sold Price
per
$311
May
Days
on Square
Market Foot
(Solds)
117
318% -17%
77% -31%
-49% -36%
5% -15%
66 $432
-45% -1% -41% 19%
May Month's
Supply
Inventory
Asking
Price per
Square of Foot
(based on New Listings)
$367 14.0
6% -37%
-16% -28%
31% -25%
2% -45% $431 21.0
17% -31% 20% -17%
May Sold
Sale Price
Price per
vs Square
List Price
Ratio
90.7%
May
Foot
$311
-17% -6.0%
-31% -3.1%
-36% 16.3%
-15% .0%
$432 93.3%
-1% 4% 19% 3%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
May
Month's Supply of Inventory
14.0 -37% -28% -25% -45%
21.0 -31%
-17%
May Sale Price vs List Price Ratio
90.7% -6.0% -3.1% 16.3% Number
.0%
93.3%
4% Sold 3%
of Properties
Average List Price of all Current Listings
Market Profile & Trends Overview
May Median Sales Price
Median List Price of all Current Listings
May Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
May Median Sales Price
May Average
Number
of Properties
Sold
May
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
5
0
1 1
2 2
3 3
Prices
3 Mo Avg
4
4
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
14
15
16
17
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
Median Sales Price 16 and Average Sales Price 17
14
15
3 Mo Avg
0
Number of Properties Sold
5
YTD sales of 16 are running 77.8% ahead of last year's year-to-
date sales of 9.
6
May Property sales were 5, up 66.7% from 3 in May of 2016 and
66.7% higher than the 3 sales last month. May 2017 sales were
Property Sales
at their highest level compared to May of 2016 and 2015. May 6
May Property sales were 5, up 66.7% from 3 in May of 2016 and
YTD sales
of than
16 are
77.8%
ahead
of last
66.7%
higher
the running
3 sales last
month.
May
2017 year's
sales year-to-
were
5
sales
of 9. level compared to May of 2016 and 2015. May
at date
their
highest
Property Sales
The Median Sales Price in May was $1,150,000, down 27.0%
2,000
Median Sales Price and Average Sales Price
Prices
from $1,575,000 in May of 2016 and down 9.8% from
3 Mo Avg
The
Median
Sales
Price
in
May
was
$1,150,000,
down
27.0%
$1,275,000 last month. The Average Sales Price in May was 2,000 1,900
from $1,575,000 in May of 2016 and down 9.8% from
1,800
$1,342,500, down 32.0% from $1,975,000 in May of 2016 and 1,900
$1,275,000 last month. The Average Sales Price in May was
up 9.6% from $1,225,000 last month. May 2017 ASP was at the 1,800 1,700
$1,342,500, down 32.0% from $1,975,000 in May of 2016 and
1,600
lowest level compared to May of 2016 and 2015.
up 9.6% from $1,225,000 last month. May 2017 ASP was at the 1,700
1,600 1,500
lowest level compared to May 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 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
1,000
J J 14 A 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
14
15
16
17
Inventory & MSI
Inventory
& MSI of Properties available for sale as of May
The Total Inventory
80
The
Inventory
of Properties
available
sale as of
May
was Total
70, up
4.5% from
67 last month
and for
up 25.0%
from
56 in
80 70
was
4.5%
from
67 2017
last month
and up
56 in
May 70,
of up
last
year.
May
Inventory
was 25.0%
at its from
highest
level
70 60
May
of last year.
May of
2017
Inventory
was at its highest level
compared
with May
2016
and 2015.
compared with May 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 May 2017 MSI of 14.0
20
higher MSI is better for buyers. The May 2017 MSI of 14.0
10
months was at a mid level compared with May of 2016 and 2015.
10
months was at a mid level compared with May of 2016 and 2015.
0
0
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
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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 A F M
M A
D A J M F M A M
J J J A J S A O S N O D N J D F M
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
16
17
14 14
15 15
16
17
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0