HOU ARCHIVED October 2016 | Page 12

Market Action Report

County: Galveston

Galveston

October 2016

Agent Name

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

County: Galveston

October 2016

Website

TitleOther
Phone
Trending versus*:
Month
LM L3M PYM
LY
Website
$1,442,400
3%
11%
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

$1,706,690 Trending
3%
8%
versus*:
Trending versus*:
Month
LM -7%
L3M -5%
PYM 14%
LY -2%
YTD
Prior YTD -1%
Prior Year -1%
$1,250,000
$1,262,500
$1,442,400
3%
11%
$1,353,667 0% -8% -9% -10% $1,453,583
-4%
-3%
Average
List Price of
all Current
$1,706,690 62
3% -6%
8% 13%
Total Properties
Currently
for Listings
Sale (Inventory)
October Median Sales Price
$1,250,000 -7%
-5% 14% -40%
-2% $1,262,500
-1% -17%-1%
October Number of Properties Sold
3 50%
24
October Average Sales Price
$1,353,667 0% -8% -9% -10% $1,453,583
-4%
October Average Days on Market (Solds)
187 87% 34% -20% -16%
114
-52%-3% -49%
Total Properties Currently for Sale (Inventory)
62 -6%
13%
Asking Price per Square Foot (based on New Listings)
$346 -3% -5% 9% -1%
$361
3%
3%
October Number of Properties Sold
3 50%
-40%
24 -17%
October Sold Price per Square Foot
$335 -18% -5% 36% 0%
$380
12%
13%
October Average Days on Market (Solds)
187 87% 34% -20% -16%
114 -52%
-49%
October Month's Supply of Inventory
20.7 -37% -17% 88% -37%
26.4 -14%
-19%
Asking Price per Square Foot (based on New Listings)
$346 -3% -5% 9% -1%
$361
3%
3%
October Sale Price vs List Price Ratio
88.5% 5.1% 2.9% 8.9% 1.9%
90.3%
5%
4%
October Sold Price per Square Foot
$335 -18% -5% 36% 0%
$380
12%
13%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
October Month's Supply of Inventory
20.7 -37% -17% 88% -37%
26.4 -14%
-19%
of 90.3%
Properties
October Sale Price vs List Price Ratio
88.5% 5.1% 2.9% 8.9% Number
1.9%
5%Sold 4%
Average List Price of all Current Listings
Market
Trends
OctoberProfile
Median&Sales
PriceOverview
Median
List
Price
of
all
Current
October Average Sales Price Listings

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
6

3

2

3

2

5

3

1

3

0

2

0

1

5

2

1

2

4

4

5

4

1

1

4

0

4

0

3

4

2

3

2

2

0

1

2

3 Mo Avg

3

2

3

2

5

3

1

3

0

2

0

1

5

2

1

2

4

4

5

4

1

1

4

0

4

0

3

4

2

3

2

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
2

0

2

0

0

1

1

1

Number of Properties Sold

2

2

2

October Property sales were 3, down 40.0% from 5 in October of
2015 and 50.0% higher than the 2 sales last month. October
5
Property
2016 salesSales
were at their lowest level compared to October of 6
October
Property
wereYTD
3, down
5 in October
2015 and
2014. sales
October
sales40.0%
of 24 from
are running
17.2%of
4
2015
andlast
50.0%
higher
than the 2sales
salesof
last
month. October
behind
year's
year-to-date
29.
5
2016 sales were at their lowest level compared to October of
3
2015 and 2014. October YTD sales of 24 are running 17.2%
4
behind last year's year-to-date sales of 29.
2
3

N D J F M A M J J AMedian
S O N D Sales
J F MPrice
A M Jand
J AAverage
S O N D Sales
J F M Price
A M J J A S O
Prices
3 Mo Avg
13
14
15
16
The Median Sales Price in October was $1,250,000, up 13.6%
2,000
from $1,100,000 in October of 2015 and down 7.2% from
Median Sales Price and Average Sales Price
Prices
3 Mo Avg
$1,347,000
last month.
The Average
Sales Price up
in October
The
Median Sales
Price in October
was $1,250,000,
13.6% was 1,900
2,0001,800
$1,353,667,
down
9.2% from
$1,491,100
in October
of 2015 and
from
$1,100,000
in October
of 2015
and down
7.2% from
1,900
$1,347,000
last month.
The last
Average
SalesOctober
Price in2016
October
up 0.5% from
$1,347,000
month.
ASPwas
was at
1,700
$1,353,667,
down
9.2% from
$1,491,100
in October
of 2015 and 1,800
a mid range
compared
to October
of 2015
and 2014.
1,600
up 0.5% from $1,347,000 last month. October 2016 ASP was at 1,700
1,500
a mid range compared to October of 2015 and 2014.
1,600
1,400
1,500
1,300
1,400
1,200
1,300
1,100
1,200
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
1,100
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
The Total Inventory
Inventory
& MSI of Properties available for sale as of
80
October
was 62, down
6.1% from
66 last for
month
and
The
Total Inventory
of Properties
available
sale as
ofup 12.7%
from 55was
in October
lastfrom
year.66October
2016
Inventory
a 70
October
62, downof6.1%
last month
and
up 12.7%was at80
mid55
level
compared
withyear.
October
of 2015
2014. was at a 70 60
from
in October
of last
October
2016and
Inventory
mid level compared with October of 2015 and 2014.
60 50
50 40
40 30
A comparatively lower MSI is more beneficial for sellers while a
30 20
Ahigher
comparatively
lower
MSI
is
more
beneficial
for
sellers
while
a
MSI is better for buyers. The October 2016 MSI of 20.7
20 10
higher
MSI
is better
for buyers.
Octoberwith
2016October
MSI of 20.7
months
was
at its highest
levelThe
compared
of 2015
10 0
months
was at its highest level compared with October of 2015
and 2014.
0

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.

45

44

62

66

64

4560
57 53
58 60
59 60
6457
66
58
62 59

53 53
44 60

55

50

63

55

53

62

59

59

64
65
59
60
62
58
65
55
60
52
58
53
55
59
52
63
50 53

68

69

64

69

68

6964
6964

64 64
64 65

66

65

6659
64 60

60

59

61

80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
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
61

and 2014.

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

80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0