HOU ARCHIVED September 2017 | Page 8

Market Action Report
September 2017
County: Galveston
GALVESTON
Market Action Report
Agent Name
September 2017
Title
Phone
Agent Name
Website
Title Other
Phone
Trending versus*:
Website
Month
LM L3M PYM LY
Other
$1,595,000
0%
14%
Community
Information | School District
County: Galveston
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con Listings
Median
List Price
all Current
Trending versus*:
Prior YTD Prior Year
YTD
versus*:
Trending versus*:
$1,763,147 Trending
0%
10%
Month
LM L3M PYM LY
YTD
Prior YTD Prior Year
$1,483,750 10% 17% 10% 23% $1,225,000
-4%
1%
$1,595,000 0%
14%
$1,483,750 5% 12% 10% 7% $1,330,294
-9%
-4%
$1,763,147 0%
10%
60 -3%
-5%
$1,483,750 10% 17% 10% 23% $1,225,000
-4%
1%
2
-50%
30
$1,483,750 5% 12% 10% 0%
7% $1,330,294
-9% 43% -4%
83 -20%
-25%
60 68
-3% -40% -34%
-5% -32% -39%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$407
25%
14%
10%
13%
$405
13%
13%
September Number of Properties Sold
2 -50%
0%
30
43%
September
Sold
Price
per
Square
Foot
$385
18%
12%
-6%
6%
$391
1%
September Average Days on Market (Solds)
68 -40% -34% -32% -39%
83 -20%
-25% 7%
September
Month's
Supply
of
Inventory
30.0
94%
36%
-5%
19%
20.3
-24%
Asking Price per Square Foot (based on New Listings)
$407 25% 14% 10% 13%
$405
13%
13% -19%
September Sold
Sale Price
Price per
vs Square
List Price
Ratio
94.4%
1%
September
Foot
$385
1 8% 5.6%
12% 4.6%
-6% 12.1%
6% 4.1% $391 91.9%
1% 1% 7%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
September
Month's Supply of Inventory
30.0 94% 36% -5% 19%
20.3 -24%
-19%
September Sale Price vs List Price Ratio
94.4% 5.6% 4.6% 12.1% Number
4.1%
91.9%
1% Sold 1%
of Properties
Average List Price of all Current Listings
Market Profile & Trends Overview
September Median Sales Price
Median List Price of all Current Listings
September Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
September Median Sales Price
September Number of Properties Sold
September Average Sales Price
September
Average
Days for
on Sale
Market
(Solds)
Total
Properties
Currently
(Inventory)
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Number of Properties Sold
3 Mo Avg
5
0
0
1 1
2 2
3 3
4
4
2016 and 2015. September YTD sales of 30 are running 42.9%
ahead of last year's year-to-date sales of 21.
6
September Property sales were 2, equal to 2 in September of
2016 and 50.0% lower than the 4 sales last month. September
Property Sales
2017 sales were at their highest level compared to September of 6
September Property sales were 2, equal to 2 in September of
2016 and 2015. September YTD sales of 30 are running 42.9%
2016 and 50.0% lower than the 4 sales last month. September
ahead
of last
year-to-date
sales
of 21. to September of 5
2017
sales
were year's
at their
highest level
compared
Property Sales
5
Copyright © © CB CB
United,
Realtors
| Price
Range:
$1,000,000
| Property
Types:
Copyright
United,
Realtors
| Price
Range:
$1,000,000
and and
Up | Up
Property
Types:
SFH - SFH
Con - Con
8 Data
coldwellbankerluxury.com
Data is is | provided
provided
courtesy
of Houston
Association
of REALTORS
and may
not reflect
all relevant
real estate
CB United,
courtesy
of Houston
Association
of REALTORS
and may
not reflect
all relevant
real estate
activity. activity.
CB United,
Realtors Realtors
does not
not warrant
warrant
guarantee
accuracy
of this
information.
It is responsibility
the responsibility
any buyer
or to
seller
verify
all information
to such consumer’s
estate transaction.
does
or or
guarantee
the the
accuracy
of this
information.
It is the
of any of buyer
or seller
verify to any
and any
all and
information
relevant relevant
to such consumer’s
real estate real
transaction.
50
40
A comparatively lower MSI is more beneficial for sellers while a 30
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The September 2017 MSI of 20
higher MSI is better for buyers. The September 2017 MSI of
30.0 months was at a mid level compared with September of 10
30.0 months was at a mid level compared with September of
2016 and 2015.
0
2016 and 2015.
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
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 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 N D J F M A M J J A S
14
15
16
17
14
15
16
17
and 2015.
80
70
60
50
40
30
20
10
0
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Inventory
& MSI of Properties available for sale as of
The Total Inventory
The
Total Inventory
Properties
available
for sale
as of
September
was 60, of down
3.2% from
62 last
month
and down
80
September
down 3.2% of
from
last September
month and down
4.8% from was
63 60,
in September
last 62
year.
2017
4.8%
from 63
in at
September
of last
year. September
2017 of 2016 70
Inventory
was
a mid level
compared
with September
60
Inventory
and 2015. was at a mid level compared with September of 2016
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
14
15
16
17
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
Median Sales
Prices
14
15
16 Price and Average Sales
17 Price
3 Mo Avg
The Median Sales Price in September was $1,483,750, up 10.2%
2,000
Median
Sales
Price
and
Average
Sales
Price
Prices
from $1,347,000 in September of 2016 and up 10.3% from
3 Mo Avg
1,900
The
Median Sales
Price in The
September
was
$1,483,750,
up 10.2%
$1,345,750
last month.
Average
Sales
Price in September
2,000
from
$1,347,000 in up September
of 2016
and up in
10.3%
from of
1,800
was $1,483,750,
10.2% from
$1,347,000
September
1,900
$1,345,750 last month. The Average Sales Price in September
2016 and up 4.6% from $1,419,125 last month. September 2017 1,800 1,700
was $1,483,750, up 10.2% from $1,347,000 in September of
1,600
ASP was at the highest level compared to September of 2016
2016 and up 4.6% from $1,419,125 last month. September 2017 1,700 1,500
and 2015.
1,600
ASP was at the highest level compared to September of 2016
1,500 1,400
and 2015.
1,400 1,300
1,300 1,200
1,200 1,100
1,100 1,000
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
1,000
16 A M J J A S O N D J F M 17
O N 14 D J F 15
M A M J J A S O N D J F M
A M J J A S
14
15
16
17
0
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0