The Woodlands Home-Sales Market Snap Shot – August 25th, 2014

The Swell Is Big, But Ridable

2014-08-17 08.13.15

A Smidge Fewer Sales.

January – August 2014 = 2,037 Homes Under Contract <-8%>

January – August 2013 = 2,222 Homes Under Contract

Sales in The Woodlands TX

2014 will go into The Woodlands real estate history books as the 2nd best year for total number of home sales.   2015 will go down in history at the best year ever for number of  home sales and new record high sold prices.  Why?  Because all those construction cranes dotting the skyline will come down, ginormous buildings with millions of square feet of office space will open for business and thousands of people not-here-now will fill them.  More bees needing new hives means more home sales. Low supply and high demand means higher prices.

Selection Improves. But Not For Long.

For Sale inventory in all price ranges has improved.  Toady’s current inventory of 666 homes is up a staggering 67% compared to last years shockingly low inventory of only 388 homes For Sale.

If you’re thinking of buying, strike now.  When all the new neighbors arrive to begin work in 2015, inventory will plunge and home prices will power higher.  Why pay more when you can pay less – act now!

The Woodlands Listing Inventory

More Juicy Listing Stats for the Data Geeks – 9/25/2014

Average List Price = $786,413 |  Average  List Price Per Square Foot = $207

Median List Price = $500,000 | Median List Price Per Square Foot = $150.84

Lease Expensive Home For Sale  in The Woodlands Today = $153,108

Most Expensive Home For Sale in The Woodlands Today = $16,800,000

What About Home Prices?

I paddled into the Houston Association Of REALTORS MLS stats and compared 2013 Closed Homes Sales to 2014 Closed  Home Sales.

2014 Total Closed Sales = 531 <-10%> | 2013 Total Closed Sales = 590

2014 Average Sold Price = $426,654 <+17%> | 2013 Average Sold Price = $364,400

2014 Median Sold Price = $343,000 <+8%> | 2013 Median Sold Price = $317,305

2014 Average Days On Market = 30 Days | 2013 Average Days On Market = 27 Days

List Price To Sold Price % = 98% for 2014 and 2013

What do you think prices will do in 2015?  Bamboo.

In Conclusion

As under construction buildings open for biz and queen bees, king bees and worker bees begin making honey, they’ll move themselves, families, partners and pets into new digs.  Buyer competition will keen, inventory will tighten and prices will climb like vines.

 If you’re a buyer, act now if you can.  Selection is better and prices will go higher.

 If you’re a seller moving up in price, act now. Selection is better now and prices are on the rise.

If you’re a seller and you’re buying down in price, 2015 is your year.  Wait and maximize your profits.

If you need expert advice on what’s happening in your specific neighborhood and the best course of action for you and yours, let us know.

Ken Brand 832-797-1779

More Lifestyle Stuff for The Woodlands and Houston

Click HERE to read and enjoy this issue of LIVE URBAN, LIVE SUBURBAN, LIVE WELL magazine.

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Property Inspector Information, Inspectors and Inspection Report Do’s and Don’ts

Click HERE to download the Inspector Information as seen below.

Click HERE to download article below.

Property Inspections Do's and Don'ts

Property Inspections Do's and Don'ts copy

Good Monday Morning Reminders – September 22nd, 2014

Action. Intelligence. Wisdom.

No wishing around, waiting or getting-ready-to-get-ready.  Race forward, act now.  Be better. Do more.
Gettingreadytogetready

New Fall Festivals Marketing Piece

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A personalized version of this Fall Festivals marketing piece will be used in place of our normal October Market REport postcard and the next GeoPro Farming piece.  It’s also available in BHG Greenehouse if you’d like to send it as an eCard. Let Linsey or I know if we can help you incorporate this piece into your personal marketing campaign.  Fast, simple, smart.

If Linsey or I can be helpful with any of these  strategies, let us know.

Biz Dev Chart 2014

 

CMA Creation and Presentation Workshop – Wednesday, 1:15pm – The Magnolia Marketing Center

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Thanks for all you do – Ken Brand 832-797-1779

What is a seller required to disclose when selling their home in TX?

Click HERE to download the .PDF explaining Seller’s Disclosure requirements

Important Phone Numbers for Citizens in The Woodlands Texas

The Woodlands Township

Click a link below for Important Phone Numbers

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If we can be helpful – Ken Brand 832-797-1779