Market Action Report November 2016
Community Information | School District
Market Action Report November 2016
County : Galveston
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
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 |
$ 1,372,500 |
-4% |
|
6 % |
|
|
|
|
Average List Price of all Current Listings |
$ 1,649,044 |
-2% |
|
3 % |
|
|
|
|
November Median Sales Price |
$ 1,062,000 |
-15% -8% -13% -17% |
$ 1,155,000 |
-9% |
-9% |
November Average Sales Price |
$ 1,079,000 |
-20% -18% -12% -28% |
$ 1,411,963 |
-6% |
-6% |
Total Properties Currently for Sale ( Inventory ) |
62 |
-2% |
17 % |
|
|
November Number of Properties Sold |
3 |
0 % |
200 % |
27 |
-10% |
November Average Days on Market ( Solds ) |
128 -32% -1% |
68 % |
-43% |
115 |
-50% |
-48% |
Asking Price per Square Foot ( based on New Listings ) |
$ 303 |
-12% -13% |
7 % |
-13% |
$ 355 |
2 % |
2 % |
November Sold Price per Square Foot |
$ 317 |
-6% |
-8% |
82 % |
-6% |
$ 373 |
12 % |
11 % |
November Month ' s Supply of Inventory |
20.7 |
-2% -17% -61% -37% |
25.9 |
-21% |
-21% |
November Sale Price vs List Price Ratio |
90.1 %
1.8 % 3.7 % -4.3% 3.7 %
|
90.3 % |
5 % |
4 % |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales November Property sales were 3 , up 200.0 % from 1 in
November of 2015 and the same as the 3 sales last month . Property November Sales 2016 sales were at their highest level compared to 6
November Property of 2015 sales and 2014 were . 3 , November up 200.0 % YTD from sales 1 in of 27 are November running 10.0 of 2015 % behind and the last same year as ' s the year-to-date 3 sales last sales month of . 30 . 5
November 2016 sales were at their highest level compared to November of 2015 and 2014 . November YTD sales of 27 are
4 running 10.0 % behind last year ' s year-to-date sales of 30 .
Galveston
Agent Name
Title Phone Website Other
Community Information | School District
3
6
5
4
3
2
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
2
1
59 2
60 1
66 64
0
65 2 2
64 64
3
1 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 S O N
0 13 14 15
16
Prices
D J F M A M J J A SMedian O N D J Sales F M APrice M J Jand A SAverage O N D J Sales F M A Price M J J A S O N 13 14
15 16
3 Mo Avg The Median Sales Price in November was $ 1,062,000 , down
2,000
Prices 13.2 % from $ 1,223,000 in November of 2015 and down 15.0 % Median Sales Price and Average Sales Price
3 Mo Avg The from Median $ 1,250,000 Sales Price last in month November . The Average was $ 1,062,000 Sales Price , down in
1,900
2,000 13.2 November % from $ was 1,223,000 $ 1,079,000 in November , down 11.8 of 2015 % from and $ down 1,223,000 15.0 % in 1,800 from November $ 1,250,000 of 2015 last and month down . The 20.3 Average % from Sales $ 1,353,667 Price in last month 1,900 . 1,700
November was 2016 $ 1,079,000 ASP was , at down the 11.8 lowest % from level $ compared 1,223,000 in to
1,8001,600
November of of 2015 2015 and and down 2014 20.3 . % from $ 1,353,667 last month . 1,7001,500 November 2016 ASP was at the lowest level compared to 1,600
1,400 November of 2015 and 2014 .
1,500 1,300
1,400 1,200
1,300 1,100
1,200 1,000
1,100 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
1,000 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 Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The November Total Inventory was 62 , of down Properties 1.6 % from available 63 last for month sale as of and up 17.0 % 80
80.0
November from 53 in was November 62 , down of 1.6 last % from year . 63 November last month 2016 and up Inventory 17.0 % 80 70
80.0 70.0 from was 53 at its in November highest level of last compared year . November with November 2016 Inventory of 2015 and 70 60
70.0 60.0 was 2014 at . its highest level compared with November of 2015 and 60 50
60.0 50.0
2014 .
50 40
50.0 40.0
40 30
40.0 30.0
A comparatively lower MSI is more beneficial for sellers while a 30
30.0 A higher comparatively MSI is better lower for MSI buyers is more . The beneficial November for sellers 2016 while MSI a of
20 20.0 higher MSI is better for buyers . The November 2016 MSI of 20
20.0 20.7 months was at its lowest level compared with November of 10
10.0
20.7 2015 months and 2014 was . at its lowest level compared with November of 10 0
10.0 0.0
2015 and 2014 .
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
59
60 66 64 65 64
2 64
4 69
69 69 68
3 69 64
0 68 59
4 64
62 65
0 59
4
62
60 58
1
65 60
1 58
55 52 53 55 52 63 53
59
50 55 53
44
45 53 44
60 60 53 60 60
64 57
66 58
63 59 62
57 58 59
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
4 5 4 4 59
2 63
1 50
2 55
5
53 1 0
45 2 0 3 1 3 5
64 2
66 3
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 5 2 3 2 3 3
63 2
62 3 3
14 | c o l d w e l l b a n k e r h o m e s . c o m
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 .