HOU ARCHIVED November 2017 | Page 12

Market Action Report November 2017
Market Action Report November 2017

GALVESTON

County : Galveston

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
$ 1,690,000
2 %
17 %
Average List Price of all Current Listings
$ 1,848,107
3 %
13 %
November Median Sales Price
$ 0
-100% -100% -100% -100%
$ 1,262,500
9 %
4 %
November Average Sales Price
$ 0
-100% -100% -100% -100%
$ 1,345,651
-5%
-3%
Total Properties Currently for Sale ( Inventory )
51 -12%
-12%
November Number of Properties Sold
0 -100%
-100%
32
19 %
November Average Days on Market ( Solds )
0 -100% -100% -100% -100%
100
-13%
-10%
Asking Price per Square Foot ( based on New Listings )
$ 399
11 %
6 %
35 %
11 %
$ 403
14 %
12 %
November Sold Price per Square Foot
$ 0
-100% -100% -100% -100%
$ 395
6 %
9 %
November Month ' s Supply of Inventory
0.0 -100% -100% -100% -100%
21.2
-16%
-16%
November Sale Price vs List Price Ratio
0.0 % -100.0% -100.0% -100.0% -100.0%
90.8 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales November Property sales were 0 , down 100.0 % from 3 in Property November Sales of 2016 and 100.0 % lower than the 2 sales last 6 November month . November Property sales 2017 were sales 0 were , down at 100.0 their % lowest from 3 level in November compared of to 2016 November and 100.0 of 2016 % lower and than 2015 the . November 2 sales last YTD sales 5 month of 32 . are November running 2017 18.5 % sales ahead were of at last their year lowest ' s year-to-date level sales of compared 27 . to November of 2016 and 2015 . November YTD sales
4 of 32 are running 18.5 % ahead of last year ' s year-to-date sales of
27 . 3
1
0
0
D
D
J
F M A M J
14
15
J
F M A M J
J
A
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
16
17
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
S O N
Prices
14
15
Prices
The Median Sales Price in November was $ 0 , down 100.0 %
2,000
The from Median $ 1,062,000 Sales Price in November in November of 2016 was $ and 0 , down down 100.0 100.0 %% from from
$ 1,576,000 $ 1,062,000 last month in November . The Average
2,000 of 2016 and Sales down Price 100.0 in November
1,900 % from
$ was 1,576,000 $ 0 , down last 100.0 month %. The from Average $ 1,079,000 Sales in Price November in November of 2016
1,9001,800 was and $ down 0 , down 100.0 100.0 % % from from $ 1,576,000 $ 1,079,000 last in November month . November of 2016 2017
1,8001,700
Median 16Sales Price and Average 17Sales Price
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
and
ASP down was 100.0 at a mid % from range $ 1,576,000 compared last to November month . November of 2016 2017 and
1,7001,600
ASP
2015 was . at a mid range compared to November of 2016 and
1,6001,500
2015 .
1,5001,400
1,4001,300
1,3001,200
1,2001,100
1,100
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
Inventory & MSI 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 51
51 , down
, down 12.1
12.1 %
% from
from 58
58 last
last month
month and
and down
down
12.1
12.1 % from from 58 58 in in November
November of of last last year year
. November . November
2017
2017
Inventory Inventory was was at at its its lowest lowest level level compared compared with with November November of of 2016 2016 and and 2015 2015 . .
80 70 60 50 40 30 A comparatively lower MSI MSI is more is more beneficial for for sellers sellers while while a a higher MSI is is better for for buyers . The . The November 2017 2017 MSI MSI of 0.0 of 0.020 months was at at a a mid mid level level compared with with November of 2016 of 2016 10 and 2015 . .
0
2
6
5
4
3
2
1
80 70 60 50
62 4 65 62
1
60 65
1
58 60 55
Agent Name
4
Title Phone Website Other
Number of Properties Sold
Total Inventory & Month ' s Supply of Inventory ( MSI ) Total Inventory & Month ' s Supply of Inventory ( MSI )
58 52
5 55
4 59
53
52 4 2
63 59
53 50
1 63 55
2
50 53 5 55 44
1
53 53
45
Number of Properties Sold
0
44 2
60 60
45 0
60 3
60 1
53 56
57 58 56 3 5 2 3 2
62 57 63 58 59
62
58 63 59
59 58 65 67
59 68
65 68
63 67
61 68
59 68
58 63
49
51 3 3 49
2
51 3 2 3 3 5
3 Mo Avg
5
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
F M A M J
J
A S O N
40
30
20
10
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 M J
J
A S O N
14
1514
15
16
16
17
17
61 51
3 59
4 58
4 1 1 4 5 4 4 2 1 2 5 1 0 2 0 3 1 3 5 2 3 2 3 3 2 3 2 3 3 5 5 3 4 2 2 0
3 Mo Avg
2
51 2 0
80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0
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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 .