Market Action Report October 2016
Community Information | School District
Market Action Report October 2016
County : Galveston
Price Range : All | 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 |
$ 300,000 |
0 % |
|
12 % |
|
|
|
|
Average List Price of all Current Listings |
$ 384,367 |
1 % |
|
12 % |
|
|
|
|
October Median Sales Price |
$ 212,375 |
-3% |
0 % |
2 % |
6 % |
$ 210,000 |
5 % |
5 % |
October Average Sales Price |
$ 243,792 |
-5% |
0 % |
1 % |
4 % |
$ 242,897 |
3 % |
4 % |
Total Properties Currently for Sale ( Inventory ) |
1,843 |
-5% |
|
4 % |
|
|
|
|
October Number of Properties Sold |
390 |
5 % |
|
-12% |
|
4,651 |
-0% |
|
October Average Days on Market ( Solds ) |
55 |
6 % |
8 % |
-13% -11% |
57 |
-7% |
-8% |
Asking Price per Square Foot ( based on New Listings ) |
$ 142 |
4 % |
2 % |
7 % |
9 % |
$ 140 |
8 % |
8 % |
October Sold Price per Square Foot |
$ 127 |
-2% |
3 % |
10 % |
12 % |
$ 121 |
6 % |
6 % |
October Month ' s Supply of Inventory |
4.7 -10% |
3 % |
18 % |
17 % |
4.0 |
1 % |
-0% |
October Sale Price vs List Price Ratio |
95.0 % |
. 3 % |
-. 7 % |
. 5 % |
. 1 % |
95.4 % |
0 % |
0 % |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
700 October Property sales were 390 , down 12.2 % from 444 in
October of 2015 and 5.4 % higher than the 370 sales last month . 600 Property October 2016 Sales sales were at their lowest level compared to 700
October Property of 2015 sales and 2014 were . 390 October , down YTD 12.2 % sales from of 444 4,651 in are 500 October running of 0.2 2015 % behind and 5.4 % last higher year ' than s year-to-date the 370 sales sales last of month 4,662 . 600
October 2016 sales were at their lowest level compared to
400
October of 2015 and 2014 . October YTD sales of 4,651 are 500 running 0.2 % behind last year ' s year-to-date sales of 4,662 . 300
400
200 300
100 200
0 100
Prices The Median Sales Price in October was $ 212,375 , up 2.5 % from
Prices $ 207,242 in October of 2015 and down 3.5 % from $ 220,000 290 The last Median month . Sales The Price Average in October Sales Price was $ in 212,375 October , up was 2.5 % $ 243,792 from , $ up 207,242 1.1 % from in October $ 241,067 of 2015 in October and down of 3.5 2015 % from and down $ 220,000 5.4 % from 270
290 last $ 257,828 month . last The month Average . October Sales Price 2016 in October ASP was was at the $ 243,792 highest , level 250
up compared 1.1 % from to $ October 241,067 in of October 2015 and of 2014 2015 . and down 5.4 % from 270 $ 257,828 last month . October 2016 ASP was at the highest level 230
250 compared to October of 2015 and 2014 . 210
230
210 190
190 170
Galveston
Agent Name
Title Phone Website Other
Community Information | School District
0
Number of Properties Sold
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 J J A S O 13 14
15
16 J F M A M J J Median A S O N DSales J F MPrice A M and J J AAverage S O N DSales J F MPrice
A M J J A S O
14 15
16 3 Mo Avg
Median Sales Price and Average Sales Price
324 389 260 354 417 497 516 560 550 573 456 460 381 426 284 359 455 484 487 539 591 515 504 444 333 437 282 366 511 491 578 592 561 510 370 390
N D
13
324 389 260 354 417
170 150 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 J J A S O
150 13 14
15
16 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 J J A S O 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 October Total Inventory was 1,843 of , down Properties 4.9 % from available 1,938 for last sale month as of and up 3,000 October 4.1 % from was 1,771 1,843 in , down October 4.9 % of from last 1,938 year . last October month 2016 and Inventory up 3,0002,500
9.0
4.1 was % from at a mid 1,771 level in October compared of last with year October . October of 2015 2016 and Inventory 2014 . 8.0
2,500 2,000 was at a mid level compared with October of 2015 and 2014 . 7.0
2,000 6.0
1,500 5.0
1,500 A comparatively lower MSI is more beneficial for sellers while a 1,000
4.0
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial October for 2016 sellers MSI while of a 4.7 1,000 3.0
500 higher months MSI was is better at its highest for buyers level . The compared October with 2016 October MSI of 4.7 of 2015
2.0 500 months and 2014 was . at its highest level compared with October of 2015 0
1.0 and 2014 .
0 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 J J A0.0S O N D 13J
F 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
13 14 15
16
497 516 560 550
2,438 2,312 2,197 2,207 2,217 2,224 2,173 2,138 2,161 573 456
2,438 2,312 2,197 2,207 2,217 2,224 2,173 2,138 2,161 2,107 2,024 1,912 1,821
Number of Properties Sold
460 381 426 284 359 455 484 487 539 591 515
3 Mo Avg
3 Mo Avg
1,683 1,696 1,732 1,712 1,759 1,868 1,900 1,911 1,884 1,818 1,771 1,673 1,550 1,613 1,617 1,711 1,742 1,746 1,876 1,908 1,932 1,938 1,843
504
2,107 2,024 1,912 1,821 1,683 1,696 1,732 1,712 1,759 1,868 1,900 1,911 1,884 1,818 1,771 444 333 437 282 366 511 491 578 592 561
1,673 1,550 1,613 1,617 1,711 1,742 1,746 1,876 1,908 1,932
3 Mo Avg
510 370
1,938 1,843
390
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © CB United , Realtors | Price Range : All | Property Types : SFH - Con
14 | c o l d w e l l b a n k e r h o m e s . c o m
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 .