HOU ARCHIVED October 2017 | Page 16

Market Action Report October 2017
Community Information | School District
Market Action Report October 2017

County : Grimes

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
$ 179,250
-0%
3 %
Average List Price of all Current Listings
$ 261,813
6 %
12 %
October Median Sales Price
$ 122,750
-30% -24% -38% -11%
$ 151,000
11 %
10 %
October Average Sales Price
$ 130,667
-27% -29% -29% -18%
$ 174,270
14 %
9 %
Total Properties Currently for Sale ( Inventory )
52
0 %
2 %
October Number of Properties Sold
6 -33%
-25%
89
17 %
October Average Days on Market ( Solds )
66
29 %
22 %
3 %
-14%
74
-5%
-4%
Asking Price per Square Foot ( based on New Listings )
$ 108
8 %
1 %
-15%
10 %
$ 106
7 %
8 %
October Sold Price per Square Foot
$ 73
-24% -29% -19% -14%
$ 95
19 %
13 %
October Month ' s Supply of Inventory
8.7
50 %
22 %
36 %
-25%
7.1
-10%
-39%
October Sale Price vs List Price Ratio
91.3 %
-. 8 % 1.1 % 1.9 % 1.2 %
91.5 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
16
October Property sales were 6 , down 25.0 % from 8 in October of
2016 and 33.3 % lower than the 9 sales last month . October 2017
14
Number of Properties Sold
3 Mo Avg
Property sales were Sales at their lowest level compared to October of 2016 and
16
October
2015 . October Property YTD sales sales were of 6 , 89 down are 25.0 running % from 17.1 8 % in ahead October of of last
2016 year and ' s year-to-date 33.3 % lower sales than of the 769 . sales last month . October 2017
14
12
10
sales were at their lowest level compared to October of 2016 and
2015 . October YTD sales of 89 are running 17.1 % ahead of last
12
8
year ' s year-to-date sales of 76 .
10
6
8
4
6
2
4
0
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
0
14
15
16
17
Prices
N
D
J
F M A M J
J
AMedian S O N DSales
J
F MPrice A M and J
J AAverage S O N D Sales
J
F MPrice A M J
The Median Sales Price in October was $ 122,750 , down 37.9 %
14
15
16
17
350
Prices from $ 197,750 in October of 2016 and down 30.2 % from
Median Sales Price and Average Sales Price
The
$ 175,900 Median last Sales month Price . in The October Average was Sales $ 122,750 Price , down in October 37.9 % was
350
300 from
$ 130,667 $ 197,750 , down in October 29.4 % from of 2016 $ 185,125 and down in October 30.2 % from of 2016 and
J
A S O
3 Mo Avg
3 Mo Avg
$ down 175,900 26.9 last % month from $ . 178,722 The Average last month Sales Price . October in October 2017 was ASP was
300
250
$ at 130,667 the lowest , down level 29.4 compared % from $ 185,125 to October in October of 2016 of and 20162015 and .
down 26.9 % from $ 178,722 last month . October 2017 ASP was
250
200
at the lowest level compared to October of 2016 and 2015 .
200
150
150 100

Grimes

7 4 7
Agent Name
Title Phone Website Other

Community Information | School District

7 6
7 4 7 7 6 7
7
100
50
50
N
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
14
15
16
17
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
A S O
Inventory & MSI
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
October Total Inventory was 52 , equal of Properties to 52 last available month and for sale up 2.0 as % of from 51 in
October
October was of last 52 , equal year . to October 52 last month 2017 Inventory and up 2.0 was % from at its 51 highest in
80
October level compared of last year with . October October 2017 of 2016 Inventory and 2015 was at . its highest
70 level compared with October of 2016 and 2015 .
60
50
80
70
60
50
40
Total Inventory & Month ' s Supply of Inventory ( MSI )
60.0
50.0
40.0
60.0
50.0
40.0
30.0
40
A comparatively lower MSI is more beneficial for sellers while a
30
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial October for 2017 sellers MSI while of 8.7 a higher MSI is better for buyers . The October 2017 MSI of 8.7
20 months was at its highest level compared with October of 2016 months and 2015 was . at its highest level compared with October of 2016
10
30
20
10
0
30.0
20.0
10.0
20.0
10.0
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
D14J
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
12 12 9
12 12 9 7 8
7 14
57
8 14
Number of Properties Sold
4
43 41
40 43
42 41
40 40
46 42
45 40
45 46
51 45
45 57
42 51 50
46 42 45 50
49 46
45 45
48 49
47 45
48 48
44 47
44
48 43 45
44
51 44
52 43
46 45
51 51
50 52
44 46
48 51
57 50
9 3 3 9 6
4 9 3 3 9 6 6 5
6 5 14 14 8 8 1 6
14 14 8 8 1 6 6 3
6 67
3
44
48 59 10
57 62
13 67
11 59
52 52
11 62
11
10 13 11 11 11 9 9 6
52
3 Mo Avg
9
52 9 6
Copyright © CB United , Realtors | Price Range : All | Property Types : SFH - Con
16 | 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 .