Market Action Report October 2017
Community Information | School District
Market Action Report October 2017
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 |
$ 299,900 |
2 % |
|
2 % |
|
|
|
|
Average List Price of all Current Listings |
$ 386,217 |
3 % |
|
5 % |
|
|
|
|
October Median Sales Price |
$ 229,306 |
-2% |
-2% |
7 % |
8 % |
$ 230,000 |
9 % |
8 % |
October Average Sales Price |
$ 261,678 |
-2% |
-3% |
7 % |
7 % |
$ 263,876 |
9 % |
8 % |
Total Properties Currently for Sale ( Inventory ) |
1,807 -10% |
-6% |
|
|
October Number of Properties Sold |
420 -19% |
-11% |
4,752 |
-4% |
October Average Days on Market ( Solds ) |
62 |
2 % |
13 % |
11 % |
7 % |
57 |
0 % |
-2% |
Asking Price per Square Foot ( based on New Listings ) |
$ 148 |
1 % |
4 % |
6 % |
6 % |
$ 145 |
4 % |
4 % |
October Sold Price per Square Foot |
$ 128 |
-5% |
-3% |
3 % |
6 % |
$ 131 |
9 % |
8 % |
October Month ' s Supply of Inventory |
4.3 |
12 % |
-2% |
6 % |
11 % |
4.3 |
13 % |
11 % |
October Sale Price vs List Price Ratio |
94.8 % |
. 3 % |
-. 3 % -. 4 % |
-. 5 % |
95.0 % |
-0% |
-0% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
700 October Property sales were 420 , down 11.4 % from 474 in
October of 2016 and 19.4 % lower than the 521 sales last month . 600 Property October 2017 Sales sales were at their lowest level compared to 700
October Property of 2016 sales and 2015 were . 420 October , down YTD 11.4 % sales from of 474 4,752 in are 500 October running of 3.7 2016 % behind and 19.4 last % lower year ' s than year-to-date the 521 sales sales last of month 4,933 .
600
October 2017 sales were at their lowest level compared to
400
October of 2016 and 2015 . October YTD sales of 4,752 are 500 running 3.7 % behind last year ' s year-to-date sales of 4,933 .
300
400 200
300 100
200 0
100
Prices The Median Sales Price in October was $ 229,306 , up 6.7 % from
Prices $ 215,000 in October of 2016 and down 2.4 % from $ 235,000 290 The last Median month . Sales The Price Average in October Sales Price was $ in 229,306 October , up was 6.7 $ % 261,678 from , $ up 215,000 6.9 % in from October $ 244,867 of 2016 in October and down of 2.4 2016 % from and $ down 235,000 1.7 % from 270
290 last $ 266,293 month . last The month Average . October Sales Price 2017 in October ASP was was at the $ 261,678 highest , level 250
up compared 6.9 % from to $ October 244,867 of in 2016 October and of 2015 2016 . and down 1.7 % from 270 $ 266,293 last month . October 2017 ASP was at the highest level 230
250 compared to October of 2016 and 2015 . 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 14 15
16
17 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
15 16
17 3 Mo Avg
Median Sales Price and Average Sales Price
381 426 284 359 455 484 487 539 591 515 505 444 333 437 283 366 511 492 578 597 563 591 478 474 410 421 286 377 494 463 603 628 526 434 521 420
N D
14
381 426 284 359 455 484
Number of Properties Sold
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 14 15
16
17 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 14 15
16 17
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 1,807 of , down Properties 9.6 % from available 1,999 for last sale month as of and down 2,500
7.0
October 5.7 % from was 1,916 1,807 , in down October 9.6 % of from last 1,999 year . last October month 2017 and Inventory down 2,500
7.0 6.0 2,000
5.7 was % from at a mid 1,916 level in October compared of last with year October . October of 2016 2017 and Inventory 2015 .
6.0 5.0
2,000 was at a mid level compared with October of 2016 and 2015 . 1,500
5.0 4.0
1,500 4.0
1,000 3.0
A comparatively lower MSI is more beneficial for sellers while a 1,000
3.0 2.0
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial October for 2017 sellers MSI while of 4.3 a 500 2.0 higher months MSI was is better at its highest for buyers level . The compared October with 2017 October MSI of 4.3 of 2016 1.0
500 months was at its highest level compared with October of 2016 1.0 and 2015 . 0
0.0 and 2015 .
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 14J
F 15 M A M J J A S O N D J F M16A M J J A S O N D J F M 17 A M J J A S O
14 15 16
17
487 539 591
1,823 1,685 1,697 1,733 1,713 1,761 1,870 1,902 1,912
1,823 1,685 1,697 1,733 1,713 1,761 1,870 1,902 1,912 1,885 1,820 1,773 1,675 1,552 1,615 1,619 1,714 1,745 1,751 1,882 1,915
515 505 444 333 437 283 366 511 492
1,885 1,820 1,773 1,675 1,552 1,615 1,619 1,714 1,745
578 597 563 591 478
1,751 1,882 1,915 1,942 1,964 1,916 474 410 421 286
1,803 1,705 1,761 1,798
1,942 1,964 1,916 1,803 1,705 1,761 1,798 1,873 1,969 2,016 377 494 463
3 Mo Avg
603
3 Mo Avg
2,136 2,178 2,183
1,999
1,807 628 526
1,873 1,969 2,016 2,136 2,178 2,183
3 Mo Avg
434 521
1,999 1,807
420
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 .