Real Estate Market Research & Data

What’s the Average Price Per Square Foot in The Woodlands Texas. Real Estate Sales Report

by Ken Brand, Sales Manager - Prudential Gary Greene, Realtors / The Woodlands TX / Cell: 832-797-1779 on February 4, 2012

The Average Price Per Square Foot in The Woodlands, Texas

Because The Woodlands is a Master Planned Township, Price Per Square Foot is a great comparison tool/number.  As each neighborhood is developed, builders have a minimum and maximum square footage range they must adhere to in order to have their floor plans and elevations approved for construction. That’s why in The Woodlands we don’t see McMansions and cute cottages side by side in the same neighborhood.

The reason Price Per Square Foot is useful is that it helps to compare relative value based on the size of the properties, instead of the size of the sales price.  For example, if your were comparing two properties in the same neighborhood, one listed at $325,900 and the other at $349,750, if you divided the price of the properties by their square footage you could compare the Price Per Square Foot to understand the relative value of each property.  Using this comparison method we discover that the lower priced property is not always the best value. Using Price Per Square Foot helps to make intelligent buying and selling decisions.

The picture below illustrates the stability of The Woodlands real estate market over the last two years.  I know the size of the picture makes it difficult to study,  so if you’ll click on the picture you can download .PDF version.

Wait.  There’s more. . .

This chart reveals the difference between the Average Price Per Square Foot for active, under contract and sold properties.  If you’re thinking about buying or selling, in addition to these numbers, you’d want to consider Months Supply Of Inventory, Days On Market, Sold Price To Original List Price Percentage and a few other things.  If you CLICK HERE you can look at (or download) a collection of sales reports that includes just that.

Lastly, keep in mind that the data shown here represents averages for all neighborhoods and all price ranges in The Woodlands.  Naturally, these average numbers would vary in each specific neighborhood.  If you’re keen on knowing what happening in your neighborhood or any other neighborhood for that matter, give me a call and we can run an up to minute and detailed report – pronto and free.

Thanks – Ken Brand 832-797-1779

Photo Credit

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The Woodlands Texas Real Estate Report. Months Supply Of “For Sale” Listing Inventory / February 3rd, 2012

by Ken Brand, Sales Manager - Prudential Gary Greene, Realtors / The Woodlands TX / Cell: 832-797-1779 on February 3, 2012

An early spring market?

The weather has been wonky.  No rain and blistering summer heat for months on end. Winter hasn’t really shown it’s self, yet.  I’ve you’ve driven down Grogan’s Mill drive you’ve probably noticed that some of medians have blooming wildflowers.  Some trees look like they’re beginning to bud already.  It looks like our forrest is a bit confused and trying to take advantage of the mild weather and much needed rain to recover from the drought.  Perhaps the real estate market is behaving like our forest.  Although we’ve been super fortunate in The Woodlands, it looks like the real estate market is budding early.  Check out these Months Supply Of Inventory numbers.

The Woodlands Texas Real Estate Report. Months Supply Of “For Sale” Listing Inventory – February 3rd, 2012

Is it a Buyer’s Market or a Seller’s Market?

According to real estate economists a six-month supply of For Sale Inventory represents a balanced market.  A higher number means it’s leaning towards a buyer’s market, less than six months, would indicate a seller’s market.  As we can see from these inventory numbers, in most price ranges there is an under supply of selection.

PRICE RANGE.  .  .  .  .  .  MONTHS SUPPLY OF LISTING INVENTORY

$000,000 – $200,000 . . . . . . . . . . . . . . . . . . . .   2.4

$200,001 – $300,000 . . . . . . . . . . . . . . . . . . . .   3.7

$300,001 – $400,000 . . . . . . . . . . . . . . . . . . . .   3.5

$400,001 – $500,000 . . . . . . . . . . . . . . . . . . . .   3.2

$500,001 – $600,000 . . . . . . . . . . . . . . . . . . . .   3.1

$600,001 – $700,000 . . . . . . . . . . . . . . . . . . . .   4.4

$700,001 – $800,000 . . . . . . . . . . . . . . . . . . . .   8.7

$800,001 – $900,000 . . . . . . . . . . . . . . . . . . . .   9.7

$900,001 – $1,000,000 . . . . . . . . . . . . . . . . . .  11.1

$1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.7

What does this mean?

For buyers: When you find something you love, don’t hesitate to submit an offer.  The cliché If you snooze you might lose out.

For sellers:  If you were thinking of selling, due to lack of inventory and an abundance of buyers, now would be a smart time to sell.  If your home is on the market now, consider this, the Average Number Of Days On The Market for SOLD homes runs between seventy and eighty days.  If you’re home has been on the market for more than ninety days, something may need adjusting. The three key factors that impact salability are merchandising (staging), marketing and pricing.  Correctly tweak and amplify these three factors and you’ll be one of the successful sellers attracting a qualified buyer.  Ignore one, two, or three of these salability factors and the property will languish, even in a strong market. Position your property competitively in today’s market and you’ll be packing before you know it.

Closing thoughts.

While mulling over these inventory numbers, keep in mind these figures represent big averages across The Woodlands.  Real estate is hyper local in nature and market conditions for your specific property, in your specific neighborhood may be different that the big average you see above.  To find out what’s happening in your neighborhood, contact us and we’ll provide you with an up to the minute, on-target, Months Supply of Inventory report.  Give us a call and we’ll send you your free report – pronto.

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The Woodlands Texas Real Estate Market Report Collection – January 2012

by Ken Brand, Sales Manager - Prudential Gary Greene, Realtors / The Woodlands TX / Cell: 832-797-1779 on January 3, 2012

Can’t see the video – Click Here

The Woodlands Real Estate Market Reports / December 2011

View more presentations from Ken Brand

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Attention Home Sellers in The Woodlands TX – Don’t Mischose and Lose Thousands of Dollars.

by Ken Brand, Sales Manager - Prudential Gary Greene, Realtors / The Woodlands TX / Cell: 832-797-1779 on January 2, 2012

Home Sellers:  Why lose money?

Everyone has a good story.  For example, some might tell you that they’re better than everyone else, or cheaper.  But deeds speak louder and sweeter than words.

Check out this graphic.  If you’re thinking of selling, and money is important to you, give one of our Top Performers a call.  Interview them.  If you like what you hear, hire them.  You’ll net thousands more.

 

Doing the MATH

As you can see from the chart below Average and Median Sold Prices in The Woodlands TX have been super stable for two years.  Also, with an Average Sold Price of around $350,000 the difference between what you’ll stash in your pocket after closing can amount to anywhere from $8,000 to $15,000.  If you’d like to know about how we net our sellers more money, give me a call at 832-797-1779 and I’ll fill you in.

Thanks and Happy New Year.  Cheers.

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The Woodlands Texas Monthly Real Estate Report for November/December 2011

by Ken Brand, Sales Manager - Prudential Gary Greene, Realtors / The Woodlands TX / Cell: 832-797-1779 on December 5, 2011

The Woodlands Texas Real Estate Report - Months Supply Of “For Sale” Listing Inventory – December 5th, 2011

 While mulling over these inventory numbers, keep in mind these figures represent big averages across The Woodlands.  Real estate is hyper local in nature and market conditions for your specific property, in your specific neighborhood may be different that the big average you see below.  To find out what’s happening in your neighborhood, contact us (281-367-353) and we can provide you with an up to the minute, on-target, Months Supply Of Inventory report. We don’t charge for this service, so give us a call and we’ll send you your free report – pronto.

December 5th, 2011 – Months Supply Of For Sale Listing Inventory – The Woodlands TX

PRICE RANGE.  .  .  .  .  .  MONTHS SUPPLY OF LISTING INVENTORY

$000,000 – $200,000 . . . . . . . . . . . . . . . . . . . .   2.5

$200,001 – $300,000 . . . . . . . . . . . . . . . . . . . .   4.0

$300,001 – $400,000 . . . . . . . . . . . . . . . . . . . .   4.0

$400,001 – $500,000 . . . . . . . . . . . . . . . . . . . .   3.7

$500,001 – $600,000 . . . . . . . . . . . . . . . . . . . .   3.9

$600,001 – $700,000 . . . . . . . . . . . . . . . . . . . .   4.7

$700,001 – $800,000 . . . . . . . . . . . . . . . . . . . .   9.1

$800,001 – $900,000 . . . . . . . . . . . . . . . . . . . .   9.1

$900,001 – $1,000,000 . . . . . . . . . . . . . . . . . . .  9.3

$1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.2

Is it a Buyer’s Market or a Seller’s Market?

According to real estate economists, 6 months supply of For Sale Inventory represents a balanced market.  A higher number means it’s leaning towards a buyer’s market, less than six months, would indicate a seller’s market.  As you can see from the data above, below $700,000 is a faster moving price range.

As we sled through the winter selling season, listing inventory ebbs to its lowest point.  In January, inventory and selection begin to swell.   Beginning in February, buyer activity and sales begin to heat up.

If you’re thinking of selling, keep in mind the key to salability and competitive positioning is merchandising (staging), marketing and pricing.  Correctly tweak and amplify these three factors and you’ll be one of the successful sellers attracting a qualified buyer.  Ignore one, two, or three of these salability factors and the property will languish, even in a strong market.

Keep in mind, this snapshot provides a broad and general overview, what is happening in your neighborhood could very well be different.  As I shared earlier, if you’d like a free and up to the minute Market Analysis for your property and neighborhood just let me know.

Thanks.

PS.  Here’s some other data to consider. . .

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Market share rankings, as determined by the MLS Ranking Report released by the Houston Association of Realtors – November 2011

by Ken Brand, Sales Manager - Prudential Gary Greene, Realtors / The Woodlands TX / Cell: 832-797-1779 on December 1, 2011

Below you will find our market share rankings, as determined by the MLS Ranking Report released by the Houston Association of Realtors.
Company Market Share Rankings for November 2011
Company Market Share Rankings for November 2011 (Print)
Company Market Share Rankings for November 2011 (Print) (454 KB)

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The Official Collection of Real Estate Market Reports for The Woodlands TX – October/November 2011

by Ken Brand, Sales Manager - Prudential Gary Greene, Realtors / The Woodlands TX / Cell: 832-797-1779 on November 4, 2011

Real Estate Reports for The Woodlands TX – Oct/Nov 2011
View more presentations from Ken Brand

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Months Supply of Inventory – Real Estate Report for The Woodlands TX – October / November 2011

by Ken Brand, Sales Manager - Prudential Gary Greene, Realtors / The Woodlands TX / Cell: 832-797-1779 on November 3, 2011

The Woodlands Texas Real Estate Report

Months Supply Of “For Sale” Listing Inventory – November 3rd, 2011

While mulling over these inventory numbers, keep in mind these figures represent big averages across The Woodlands.  Real estate is hyper local in nature and market conditions for your specific property, in your specific neighborhood, may be different that the big average you see below.  To find out, contact us (281-367-353) and we can provide you with an up to the minute, on-target, Months Supply Of Inventory report. We don’t charge for this service, so give us a call and we’ll send you your free report – pronto.

November 3rd, 2011 – Months Supply Of For Sale Listing Inventory – The Woodlands TX

 

PRICE RANGE.  .  .  .  .  .  MONTHS SUPPLY OF LISTING INVENTORY

$000,000 – $200,000 . . . . . . . . . . . . . . . . . . . .   2.7

$200,001 – $300,000 . . . . . . . . . . . . . . . . . . . .   4.5

$300,001 – $400,000 . . . . . . . . . . . . . . . . . . . .   3.7

$400,001 – $500,000 . . . . . . . . . . . . . . . . . . . .   3.9

$500,001 – $600,000 . . . . . . . . . . . . . . . . . . . .   4.5

$600,001 – $700,000 . . . . . . . . . . . . . . . . . . . .   6.1

$700,001 – $800,000 . . . . . . . . . . . . . . . . . . . .   9.4

$800,001 – $900,000 . . . . . . . . . . . . . . . . . . . .  12.0

$900,001 – $1,000,000 . . . . . . . . . . . . . . . . . . .   9.4

$1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . .  15.0

Is it a Buyer’s Market or a Seller’s Market?

According to real estate economists, 6 months supply of For Sale Inventory represents a balanced market.  A higher number means it’s leaning towards a buyer’s market, less than six months, would indicate a seller’s market.

As we enter the winter selling season, For Sale Inventory begins to ebb along with buyer activity.  If you’re thinking of selling, keep in mind the keys to salability and competitive positioning is merchandising (staging), marketing and pricing.  Correctly tweak and amplify these three factors and you’ll be one of the successful sellers attracting a qualified buyer.  Ignore one, two, or three of these salability factors and the property will languish.

Keep in mind, this snapshot provides a broad and general overview, what is happening in your neighborhood could very well be different.  As I shared earlier, if you’d like a free and up to the minute Market Analysis for your property and neighborhood just let me know.

Thanks.  If we can be helpful > Ken Brand 832-797-1779

Months Supply Of Inventory – Month By Month / The Woodlands TX

Thinking of Selling?

 

 

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What the Months Supply of Real Estate Inventory situation in The Woodlands TX?

by Ken Brand, Sales Manager - Prudential Gary Greene, Realtors / The Woodlands TX / Cell: 832-797-1779 October 4, 2011 Read the full article →

The Woodlands TX Real Estate Report – August/September 2011

by Ken Brand, Sales Manager - Prudential Gary Greene, Realtors / The Woodlands TX / Cell: 832-797-1779 September 6, 2011 Read the full article →

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