HOU ARCHIVED November 2017 | Page 10

Market Action Report November 2017
Market Action Report November 2017

FORT County : Fort Bend BEND

Community Information | School District
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
$ 1,339,800
-0%
-3%
Average List Price of all Current Listings
$ 1,784,911
8 %
-5%
November Median Sales Price
$ 1,245,200
17 %
3 %
-11%
-3%
$ 1,282,500
2 %
0 %
November Average Sales Price
$ 1,377,350
20 % -34% -19%
-5%
$ 2,110,817
46 %
45 %
Total Properties Currently for Sale ( Inventory )
107
-6%
18 %
November Number of Properties Sold
4
33 %
-20%
61
-2%
November Average Days on Market ( Solds )
34 -78% -75% -81% -73%
123
-1%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 257
-1%
0 %
1 %
-11%
$ 284
-3%
-2%
November Sold Price per Square Foot
$ 324
85 % -47% 46 %
45 %
$ 525
134 %
134 %
November Month ' s Supply of Inventory
26.8 -30%
7 %
47 %
26 %
22.5
8 %
6 %
November Sale Price vs List Price Ratio
95.9 %
6.9 % 6.6 % 4.7 % 4.1 %
91.7 %
-1%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
12
November Property sales were 4 , down 20.0 % from 5 in
Property
November Sales of 2016 and 33.3 % higher than the 3 sales last month 12.
November Property 2017 sales sales were at 4 their , down lowest 20.0 % level from compared 5 in to
10
November of of 2016 and and 33.3 2015 % higher . November than the YTD 3 sales last of month 61 are .
November running 1.6 2017 % behind sales were last at year their ' s year-to-date lowest level compared sales of 62 to .
10
8
November of 2016 and 2015 . November YTD sales of 61 are running 1.6 % behind last year ' s year-to-date sales of 62 .
8
6
6
4
4
2
Number of Properties Sold
2
0
0
D
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
14
15
16
17
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
Prices
Prices
The Median Sales Price in November was $ 1,245,200 , down
The
11.1 Median % from Sales $ 1,400,000 Price in in November November was of $ 2016 1,245,200 and , up down 17.5 %
11.1 from % from $ 1,060,000 $ 1,400,000 last in month November . The Average of 2016 and Sales up Price 17.5 % in
14
15
9,000
9,0008,000
Median
16 Sales Price and Average 17Sales Price
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
from
November $ 1,060,000 was $ last 1,377,350 month ,. down The Average 18.6 % from Sales $ Price 1,693,000 in in
8,0007,000
November was of 2016 $ 1,377,350 and up , down 20.3 % 18.6 from % from $ 1,145,000 $ 1,693,000 last in month .
7,000
November of 2017 2016 ASP and was up 20.3 at the % from lowest $ 1,145,000 level compared last month to
6,000 .
2017 ASP was at the lowest level compared to
6,000
November of 2016 and 2015 .
5,000
November of 2016 and 2015 .
5,000
4,000
4,000
3,000
3,000
2,000
2,000
1,000
1,000
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
D
J
14
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 J
J
A S O N
14
15
16
17
5 4 1 2 6 3
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI ) The Total Inventory of Properties available for sale as of The Total Inventory of Properties available for sale as of November
November was
was 107
107 , down
, down 6.1
6.1 %
% from
from 114
114 last
last month
month and
and up up 140 140
80.0
17.6
17.6 % from from 91 91 in in November
November of of last last year year
. November . November
2017 2017
120 120
70.0
Inventory Inventory was was at at its its highest highest level level compared compared with with November November of of
100 100 60.0
2016 2016 and and 2015 2015 . . 50.0
80 80 40.0
60 60 30.0
A comparatively lower MSI MSI is more is more beneficial for for sellers sellers while while a a
40 40 higher MSI is is better for for buyers . The . The November 2017 2017 MSI MSI of of
20.0
26.8 months was was at at its its highest level level compared with with November
20 20 10.0 of of 2016 and 2015 . .
0 0 0.0
D J DF JM FA M AJ
MJ AJ SJ OA NS DO JN FD MJ
AF M JA JMA J S JOAN SD OJ NF DM JA MF MJ
AJ MA SJ OJ NA S O N
14 1514 15
16 16
17 17
52 5
70
57
52 4 1
78 57
Agent Name
Title Phone Website Other
2 6 3 10
85
78 85
85 85
84 85 85
70
10 84
76 73
5
76 82 9 6
83 77
73 82
83 87
80 6
Number of Properties Sold
2
77 101
2
80 2
92 87 92
5
10 10 5 9 6 6 2 2 2 5 4 5
4
11
5 11 9 8
101 97 92 97 92 97 97 97 97
92 97
91 97
92
91 96
107 109
96 120
107 125
109 117
115 120
106 125
114 117
107 115
77 6
85 5 5 77
3
85 4 4 3 7 7
9 8 6 5 5 3 4 4 3 7 7 8 6 5
3 Mo Avg
8 10
6 106
5 114
3 4
3 Mo Avg
10
107 3 4
80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0
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