HOU ARCHIVED September 2016 | Page 12

Market Action Report September 2016
Community Information | School District
Market Action Report September 2016

County : Galveston

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
$ 1,395,000
-1%
7 %
Average List Price of all Current Listings
$ 1,650,505
-1%
-1%
September Median Sales Price
$ 1,347,000
-2%
7 %
13 %
6 %
$ 1,275,000
-1%
0 %
September Average Sales Price
$ 1,347,000
-10%
-7%
13 %
-10%
$ 1,467,857
-3%
-2%
Total Properties Currently for Sale ( Inventory )
66
3 %
32 %
September Number of Properties Sold
2 -33%
0 %
21
-13%
September Average Days on Market ( Solds )
100
10 %
10 % -31% -55%
104
-56%
-53%
Asking Price per Square Foot ( based on New Listings )
$ 372
-2%
4 %
4 %
7 %
$ 363
3 %
4 %
September Sold Price per Square Foot
$ 408
22 %
16 %
38 %
21 %
$ 387
8 %
15 %
September Month ' s Supply of Inventory
33.0
55 %
18 %
32 %
1 %
27.2
-17%
-17%
September Sale Price vs List Price Ratio
84.2 %
. 4 % -7.5% -9.6% -3.1%
90.5 %
4 %
4 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
September Property sales were 2 , equal to 2 in September of
2015 and 33.3 % lower than the 3 sales last month . September Property 2016 sales Sales were at their highest level compared to September of 6
September 2015 and Property 2014 . September sales were YTD 2 , equal sales to of 221 in September are running of 12.5 % 2015 behind and last 33.3 year % lower ' s year-to-date than the 3 sales last of 24 month . . September 5 2016 sales were at their highest level compared to September of 2015 and 2014 . September YTD sales of 21 are running 12.5 %
4 behind last year ' s year-to-date sales of 24 .

Galveston

Agent Name
Title Phone Website Other

Community Information | School District

3
2
6
5
4
3
2
1
63
O 13
3
61 2
59
N13D
60
2
J 14
66 1 64
0 65
2 64
2
64 3 2 4
69 69 68
Number of Properties Sold
3
64 59
0
Number of Properties Sold
1
0
O
N D
J
F M A M J
J
A
S O N D
J
F M A M J
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A
S O N D
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F M A M J
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A
S
0
13
14
15
16
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F M A M J
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Median
A
S O NSales D J FPrice M A Mand J JAverage
A
S O N Sales D
J
F Price M A M J
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A
S
13
14
15
16
3 Mo Avg
The Median Sales Price in September was $ 1,347,000 , up 13.2 %
2,000
Prices from $ 1,190,000 in September of 2015 and down 1.7 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 1,370,000 Median Sales last month Price in . September The Average was Sales $ 1,347,000 Price in , up September
1,900 13.2 %
2,000 from was $ 1,190,000 1,347,000 in , up September 13.2 % from of 2015 $ 1,190,000 and down in September 1.7 % from of
1,800
$
2015 1,370,000 and down last month 9.9 %. from The Average $ 1,495,000 Sales last Price month in . September
1,900
1,700
was
2016 $ 1,347,000 ASP was , at up the 13.2 highest % from level $ 1,190,000 compared in to September of of
2015 and and down 20149.9 . % from $ 1,495,000 last month . September
2016 ASP was at the highest level compared to September of
2015 and 2014 .
1,800
1,600
1,700
1,500
1,600
1,400
1,500
1,300
1,400
1,200
1,300
1,100
1,200
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
F M A M J
1,100
13
14
15
16
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
F M A M J
J
A S
J
A S
Inventory & MSI
13
14
15
16
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
September Total Inventory was 66 , of up Properties
3.1 % from available
64 last for month sale as and of up 32.0 %
September from 50 in was September 66 , up 3.1 of % last from year 64 . last September month and 2016 up 32.0 Inventory %
80 from was 50 at a in mid September level compared of last year with . September September 2016 of 2015 Inventory and 2014 .
70
80
70
60
Total Inventory & Month ' s Supply of Inventory ( MSI )
80.0
70.0
80.0
70.0
60.0
was at a mid level compared with September of 2015 and 2014 .
60
50
60.0
50.0
50
40
50.0
40.0
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 September for sellers 2016 while MSI a of
20 higher
33.0 months MSI is better was at for its buyers highest . The level September compared 2016 with MSI September of
33.0 of 2015 months and was 2014 at . its highest level compared with September
10
30
20
10
0
40.0
30.0
20.0
10.0
30.0
20.0
10.0
0.0
of 2015 and 2014 .
0
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
F M A M J
J0.0A S
63 61 59 60 66 64 65 64 64 69 69 68
62 4
64
65 0
59 62
4 65
60 58
1 60
1 58
55 52 53 55 52
63 53
59
50 55 53
44
45 54 44
61 60 54 61 60
64 57 66 58
45 57 58 59
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
15
16
4 5 4 4 59
2 63
1 50
2 55
5
53 1 0 2 0 3
3 Mo Avg
1 3
59 5
3 2 2 1 0 2 2 3 2 4 3 0 4 0 4 1 1 4 5 4 4 2 1 2 5 1 0 2 0 3 1 3 5 2 3 2
64
3 Mo Avg
2
66 3 2
Copyright © CB United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
12 | 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 .