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
Random Thought Particles from a Real Estate Sales Manager in The Woodlands, Texas - Ken Brand, Better Homes And Garden Real Estate Gary Greene | 832-797-1779
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.
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.
This snapshot is filled with interesting info. What do you think?
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
Click HERE to download the home sales market reports for The Woodlands, Spring and Magnolia TX.
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.
$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.
The selection of homes for sale in The Woodlands is the best it’s been in twenty-two months.
If I can be helpful let me know – Ken Brand 832-797-1779
300 reported sales for May 2014. 360 reported sales for May 2013. While down from last years May frenzy, overall sales activity remains solid and positive.
Prime properties marketed properly still attract multiple offer competition resulting in list or over list sales prices. In May one in three properties SOLD in seven days or less, one in ten SOLD in one day or less. Unprepared or poorly marketed properties are taking longer to sell.
Rising values may have some impact on fewer sales. The least expensive home for sale in The Woodlands today is $149,000 and the most expensive is $16,800,000.
Corporate relocation, traditional action, construction and other unstoppable economic factors will continue to press activity, opportunity and prices skyward. The only bad news is delaying a move upward in price will be expensive.
Inventory is improving. More selection is a positive.
It’s a opportune market for today’s sellers. In fact anyone can sell almost any property these days. But getting a your property SOLD and getting it sold for the Highest Possible Price and the Most Favorable terms is the goal. This is the market to leverage your opportunity. There is a difference. Take look.
If we can be helpful let us know – Ken Brand – 832-797-1779
Here are 3 tips for finding the best property for you and yours.
TIP #1: FIRST-TO-KNOW LIGHTNING ALERTS
When selection is thin and swift selling, being the First-To-Know about hot new inventory is an advantage for you.
Here’s how First-To-Know Lightning Alerts work. Tell us everything you’re looking for in your new home (style, design, location, amenities, schools, etc.). We condense your needs into a concise Buyer-Needs profile (protecting your identity and private information) and program our software to match your buyer-needs to fire off an instant alert heartbeats after it appears on the Multiple Listing Service (MLS).
Your instant alerts include photos and detailed property information sent directly to your email inbox. The service is free. To get your personalized First-To-Know Lightning Alerts delivered directly to your email box contact your favorite Gary Greene Pro at 281-367-3531.
TIP #2: POCKET LISTINGS AND PRIVATE SALES
We’re seeing off-the-MLS-radar properties selling via Pocket Listing whisper campaigns and real estate agent grapevine networks. Knowing about private off-MLS listing inventory is an advantage for you.
Here’s how Pocket Listings work. Prior to mass marketing via the MLS, Pocket Listings are privately promoted by the listing agent to a network of select agents via email broadcast, text message, phone calls and personal conversations. When a match is made private viewing appointments are conveniently coordinated , offers are negotiated, contracts are signed, escrow opened and everyone proceeds smiling to closing. Welcome to the neighborhood.:-)
Also, we exchange Pocket Listing, Private Sale and Coming Soon properties via our Better Homes And Gardens Real Estate Gary Greene company wide online bulletin board, which connects over nine-hundred pro real estate agents throughout the Greater Houston Area.
Using First-To-Know-Lightning Alerts and plugging yourself into the Coming Soon and Pocket Listings property information network will help you find out about hot new listings inventory before your less informed and unconnected home buying competitors.
If you’d like more information about how to tap into the Pocket Listing agent network contact your favorite Gary Greene agent directly or call them at the office: 281-367-3531.
TIP #3: BUYER-NEEDS NETWORK STRATEGY
This strategy is sort of like the Pocket Listing Strategy for sellers, except it works for Buyers. Do you see a pattern developing? One of the keys to your success is tapping into a pool of available inventory that is unknown to the disconnected.
Here’s how the Buyer-Needs Network Strategy works. Tell us everything you’re looking for in your new home (style, design, location, amenities, schools, etc.). We condense your needs into a concise Buyer-Needs profile (protecting your identity and private information) and broadcast your Buyer-Needs request to top performing listing agents who may have Pocket Listing inventory, private sale opportunities and ”Coming Soon” listings that match what you’re looking for. Buyer-Needs are broadcast via eMail, text message, phone calls, personal conversations. Also, we exchange Buyer-Needs via our Better Homes And
Gardens Real Estate Gary Greene company wide online bulle- tin board, which connects over eight hundred pro real estate agents throughout the Greater Houston Area.
Using the Lightning Alert and Buyer-Needs Network Strategies will help you find out about hot new listings inventory before your less informed and unconnected home buying competitors.
To discuss how to get started and tap into insider information, contact your trusted Gary Greene agent directly or call them at the office: 281-367-3531.
Congratulations. Now that you’ve found the best property for you and yours, you’ve won half the battle. The next challenge to be conquered is submitting a winning offer. We’ve helped thousands of buyers win in multiple offers and other competitive situations. As a result, we know what works and what flops. Here’s a list of proven tips to help you and yours write a winning offer.
TIP #1: UNDERSTAND THE MARKET. SEE WHAT THE SELLER IS SEEING:
TIP #2: MOVE FAST.
When you find your dream home don’t hem-haw. Be a bullet. Squeeze the trigger and submit your offer swiftly before competing buyers snatches it from your grasp.
TIP #3: DON’T GO FOR THE STEAL! SEAL YOUR DEAL.
Full price and over list price offers are common in this seller’s market. Don’t be embarrassed to offer full price or more when necessary. Keep in mind; your mortgage company will complete a property value appraisal. If the property doesn’t appraise for the contract price you can always bail or renegotiate.
TIP #4: STAND OUT.
Sweeten the terms of your offer without paying more. Here’s how:
TIP #5: REPAIR REALITIES.
After your contract is executed you’ll have an opportunity to have the property inspected. Because you’re not buying a brand new home it’s common to turn up a long or short list of items that aren’t perfect. Understand that in a seller’s market a seller is less inclined to pay for the repair of cosmetic items. Have your agent get a bid on the inspection items you’d like to have completed. If the seller won’t pay for them don’t get angry or take your eyes off your prize, your real estate agent will have the names and numbers of reputable repair and home improve- ment people who can get the job done for you fast and afford- ably. Don’t lose out because the seller won’t make the property perfect or spend a few hundred dollars in cosmetic type repairs. If you like it, own it.
The bottom line for buyers: Use these tips and you’ll success- fully navigate seller’s market realities with a smile and success. Good luck, speed and grace. If we can be helpful contact one of our Pro agents directly or call 281-367-3531.
Note: Market data provided by Houston Association Of Realtors, Multiple Listings Service.
As we enter the Spring|Summer selling season the selection of homes to choose from is the best it’s been in nineteen months. While selection is great, sales are brisk and it remains a strong seller’s market below $1,000,000.
Average List Price = $829,997
Median List Price = $522,500
Average Days On Market = 59 Days
Average Price Per Square Foot = $214.63
It’s busy. May should be the busiest month of the year.
April 2014 Average Sold Price = $445,371
April 2013 Average Sold Price = $403,002
April 2014 Median Sold Price = $332,500
April 2013 Median Sold Price = $306,865
April 2014 Average Days On Market = 34 Days
April 2013 Average Days On Market = 38 Days
April 2014 Sold Price To List Price % = 98%
April 2013 Sold Price To List Price % = 98%
April 2014 Average Price Per Square Foot = $152.26
April 2013 Average Price Per Square Foot = $130.24
What’s It Mean?
If you’re thinking about moving UP or sideways act now. Property values will continue to rise. Mortgage interest rates are expected to rise. The long you wait the more it will cost you.
If you’re moving down in price, wait as long as you want, your higher priced property will appreciate at a faster rate than a lower priced property.
If you’re buyer NOW, read this.
If we can be helpful let me know – Ken Brand 832-797-1779