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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Homes Sales Reports for The Woodlands, Spring and Magnolia TX – August 2014

Click Here to download all Market Reports

Click Here to download The Woodlands Market Reports

Click Here to download the Spring Market REports

Click Here to download the Magnolia Market REports.

Click Here to download all Market REports

If we can be helpful, let me know – Ken Brand 832-797-1779

Real Estate Home Sales Report for The Woodlands, Magnolia and Spring TX. August 2014

Click HERE to download the Home Sales Report for The Woodlands TX

Click HERE to download the Home Sales Report for Magnolia TX

Click HERE to download the Spring TX Home Sales Report

Real Estate Market Snapshot – The Woodlands, TX | August 1st 2014

Sales Go From HOT to Not As Hot

The Woodlands, TX

When the economy smiles and citizens feel confident about their financial future they take well deserved vacations.  When would be buyers and sellers making elective moves are on vacation and enjoying life, sales take temporary breather too.

Another factor impacting the MLS sales numbers is non MLS new home sales. New home builders have been working feverishly to deliver new home product in and outside The Woodlands.  Much of the new home builder inventory and their record sales success do not appear in the MLS.  Although reported sales in MLS are less, overall sales are granite solid. No doubt 2014 will end as the second best year in the history of The Woodlands.  2015 will set anew record.

Bottom Line:  Sales are a bit no-big-deal slower.  Months Supply Of Inventory sits at just over three months of supply ( See Months Supply Of Inventory picture below).  A six month of supply of inventory is considered a balanced real estate market.  A three months supply defines a solid seller’s market.  Unstoppable external factors like job growth, commercial, retail and residential construction, corporate relocation and economic positivity will propel healthy sales and rising prices into 2015.  Slower sales and healthy selection is positive for locals considering a move up, down or sideways.  The selection of for sale homes to choose from, resale and new home construction, is the best it’s been in over two years.

Selection Is The Best It’s Been In Over Two Years

More selection is a positive factor.

Bottom Line:  For those considering a move in, up or sideways, now is the time because selection is great prices are mortgage rates are sure to rise.  The longer you wait the more expensive your move.

Months Supply Of Inventory and Sold Stats

Month Supply Of Inventory August 1st The Woodlands

 

This snapshot is filled with interesting info.  What do you think?

Dear Sellers

It remains a strong seller’s market but not every seller wins big.  Rising resale inventory, new home builder competition and slightly fewer buyers can lead to loss of equity with lower Sold To List Price results and longer days on market.  Choose wisely and win.

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

The Woodlands, Magnolia and Spring TX Home Sales Report – June/July 2014

Sales Coast.  Prices Rise.  Selection Improves.

Click HERE to download the home sales market reports for The Woodlands, Spring and Magnolia TX.

homes

Sales Coast

Written year-to-date sales  in The Woodlands dipped 6.4% compared to the same 2013 time period.  In the first half of 2013 there were 1,724 reported sales, this year during the same time period there were 1,613.

Although the first half of this year has lagged a step behind last years (best-of-all-time sales numbers).  Due to the steady flow or inbound buyers associated with a work transfer, fall and winter sales will bounce over last years totals and we can look forward to exploding sales in 2015.

2014 Under Contract Month to Month The Woodlands July 2nd

Home Prices in The Woodlands Rise

$444,927!  That’s the Average Sold Price ( January 1st to June 30th, 2014)  in The Woodlands .  That’s a whopping $46,877 (11.77%) over 2013 Average Sold Price for the same 2013 time period.

Selection Improves

The selection of homes for sale in The Woodlands is the best it’s been in twenty-two months.

2014 Listing Inventory Month to Month The Woodlands July 2

More Detail


Sellers Keep More Of Their Money When They Choose A Gary Greene Pro.

!m+ Sold Price To List Price Percentage The Woodlands july 2014

Sold Price To List Price Percentage July 2014 500k+ The Woodlands

If I can be helpful let me know – Ken Brand 832-797-1779