HOU ARCHIVED November 2016 | Page 10

Market Action Report

County: Fort Bend

Fort Bend

November 2016

Agent Name

Title
Market Action Report
Phone
Community Information
| School District
Agent Name

County: Fort Bend

November 2016

Website

TitleOther
Phone
Trending versus*:
Month
LM L3M PYM
LY
Website
$1,390,000
0%
-0%
Other

Price Range: $1,000,000 and Up | Properties: SFH - Con

Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con

Trending versus*:
Prior YTD Prior Year

YTD

$1,654,942 Trending
-2% versus*:
-11%
Trending versus*:
Month
LM 1%
L3M 6%
PYM 8%
LY 12% $1,290,000
YTD
Prior YTD 4%
Prior Year 3%
$1,400,000
$1,390,000
0%
-0%
$1,693,000 15% 14% 22% 20% $1,457,323
4%
3%
Average
List Price of
all Current
$1,654,942 -2%
Total Properties
Currently
for Listings
Sale (Inventory)
91 0% -11% 11%
November Median Sales Price
$1,400,000 1%
6% 8% -17%
12% $1,290,000
4% -3% 3%
November Number of Properties Sold
5 25%
60
November Average Sales Price
$1,693,000 15% 14% 22% 20% $1,457,323
4%
November Average Days on Market (Solds)
182 11% 61% 219% 102%
123
37% 3% 37%
Total Properties Currently for Sale (Inventory)
91 0%
11%
Asking Price per Square Foot (based on New Listings)
$267 8% 3% 8% 5%
$247
-2%
-3%
November Number of Properties Sold
5 25%
-17%
60
-3%
November Sold Price per Square Foot
$223 -7% -4% -1% -1%
$224
1%
0%
November Average Days on Market (Solds)
182 11% 61% 219% 102%
123
37%
37%
November Month's Supply of Inventory
18.2 -20% -4% 33% -19%
21.2
1%
-5%
Asking Price per Square Foot (based on New Listings)
$267 8% 3% 8% 5%
$247
-2%
-3%
November Sale Price vs List Price Ratio
91.6% 3.7% -1.7% .0% -.9%
92.4%
-1%
-0%
November Sold Price per Square Foot
$223
-7%
-4%
-1%
-1%
$224
1%
0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
November Month's Supply of Inventory
18.2 -20% -4% 33% -19%
21.2
1%
-5%
of 92.4%
Properties
November Sale Price vs List Price Ratio
91.6% 3.7% -1.7% .0% Number
-.9%
-1%Sold -0%
Average List Price of all Current Listings
Market
Profile
& Trends
Overview
November
Median
Sales Price
Median
List
Price
of
all
Current
November Average Sales PriceListings

3 Mo Avg

* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
Property
Sales
12

5

4

6

7

11

9

5

4

5

2

2

2

6

6

9

10

5

10

3

6

2

1

4

5

6

7

6

10

7

5

10

6

3

7

1

3 Mo Avg

5

4

6

7

9

11

5

4

5

2

2

2

6

6

9

5

10

10

3

6

2

1

4

5

6

7

6

7

10

5

6

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 J J A S O N
13 14
15
16
10

0

5

0

3

2

7

2

Number of Properties Sold

1

4

5

November Property sales were 5, down 16.7% from 6 in
November of 2015 and 25.0% higher than the 4 sales last
10
Property
Sales 2016 sales were at their lowest level
month. November
12
November
sales were
5, down
16.7% from
6 in YTD sales
comparedProperty
to November
of 2015
and 2014.
November
November
2015 and
25.0%
higher
theyear-to-date
4 sales last sales of 10 8
of 60 are of
running
3.2%
behind
lastthan
year's
month.
November 2016 sales were at their lowest level
62.
6
compared to November of 2015 and 2014. November YTD sales
8
of 60 are running 3.2% behind last year's year-to-date sales of
62.
4
6

D J F M A M J J A SMedian
O N D JSales
F M APrice
M J and
J A SAverage
O N D J Sales
F M A Price
M J J A S O N
3 Mo Avg
15
16

Prices

13 14
The Median Sales Price in November was $1,400,000, up 7.8%
from $1,298,750 in November of 2015 and up 1.4% from
Prices
2,400
$1,381,000
last month.
The Average
Price in up
November
The
Median Sales
Price in November
wasSales
$1,400,000,
7.8%
was $1,298,750
$1,693,000,
22.4% from
$1,383,192
in November
of 2,4002,200
from
inup
November
of 2015
and up 1.4%
from
$1,381,000
last15.1%
month.
The
Average Sales
in November
2015 and up
from
$1,470,500
lastPrice
month.
November
2,000
was
$1,693,000,
upa22.4%
fromcompared
$1,383,192to
inNovember
November of
of 2015 2,200
2016
ASP was at
mid range
1,800
2015
up 15.1% from $1,470,500 last month. November
and and
2014.
2,000
2016 ASP was at a mid range compared to November of 2015
1,8001,600
and 2014.
1,6001,400

Median Sales Price and Average Sales Price

3 Mo Avg

1,4001,200
1,2001,000

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 J J A S O N
13 14
15
16
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 J J A S O N
13 14
15
16

Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of
120
November
was 91,of
equal
to 91 last
monthfor
and
upas11.0%
The
Total Inventory
Properties
available
sale
of from 82
in November
of last
year.
Inventory
was82
at its120 100
November
was 91,
equal
to 91November
last month2016
and up
11.0% from
levelofcompared
November
of 2015 and
2014.
inhighest
November
last year. with
November
2016 Inventory
was
at its
100 80
highest level compared with November of 2015 and 2014.

Copyright © CB United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
12
o lRealtors
d w|ePrice
l lRange:
b a$1,000,000
n k e randhUpo| m
e s Types:
. c oSFHm- Con
Copyright |© CB c
United,
Property

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.

96
91
91

64
63
69
51
77
56
84
69
84
77
84
84
83
84
75
84
72
81 83
8275
76 72
79 81
86 82
76100
91
79
91 86
95 100
95 91
96 91
96 95
91 95
91
96

51
56

60
A comparatively lower MSI is more beneficial for sellers while a
Ahigher
comparatively
lower
MSI
is
more
beneficial
for
sellers
while
a
MSI is better for buyers. The November 2016 MSI of 40
higher
MSI is better
November
2016
of
18.2 months
was atfor
itsbuyers.
highestThe
level
compared
withMSI
November
of20
18.2
months
was at its highest level compared with November of
2015
and 2014.
0
2015 and 2014.

80.0
70.0
60.0
50.0
60
40.0
40
30.0
20
20.0
10.0
0
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 J J A S0.0O N
D J 13F 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 16
A M J J A S O N
13 14
15
16
59
53
55 59
53
64
55
66
69 64

80

Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)

7566
69 69
64
75
61
69
64 64
63 61

1,000

80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0