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The Woodlands Real Estate Market Reports / December 2011
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Selling Smart
The Woodlands Texas Real Estate Report
Months Supply Of “For Sale” Listing Inventory – January 2nd, 2012
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.
January 2nd, 2012 – Months Supply Of For Sale Listing Inventory – The Woodlands TX PRICE RANGE. . . . . . MONTHS SUPPLY OF LISTING INVENTORY
$000,000 – $200,000 . . . . . . . . . . . . . . . . . . . . 2.2
$200,001 – $300,000 . . . . . . . . . . . . . . . . . . . . 3.8
$300,001 – $400,000 . . . . . . . . . . . . . . . . . . . . 3.7
$400,001 – $500,000 . . . . . . . . . . . . . . . . . . . . 3.3
$500,001 – $600,000 . . . . . . . . . . . . . . . . . . . . 3.4
$600,001 – $700,000 . . . . . . . . . . . . . . . . . . . . 4.6
$700,001 – $800,000 . . . . . . . . . . . . . . . . . . . . 9.2
$800,001 – $900,000 . . . . . . . . . . . . . . . . . . . . 7.7
$900,001 – $1,000,000 . . . . . . . . . . . . . . . . . . . 8.9
$1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.5
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. During the winter selling season (November to January), listing inventory ebbs to its lowest point. Mid 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 – Ken Brand 832-797-1779.
Here’s a report month by month. . .
Thanks.
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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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When you hear and read about LOWER Than Low Mortgage Interest Rates, this is what the experts are talking about.
This is a 5 year chart for 15 Year Mortgages looks like.
How does an Awesome-LOW mortgage rate effect your monthly mortgage payment?
It’s one thing to read about historically low mortgage rates. It’s a breath taking to understand how an Awesome-Low mortgage rate impacts a monthly payment. Let’s take a look at some examples.
30 Year Fixed Rate @ 4.25% = $4.92 per $1,000 dollars borrowed OR $492 per $100,000 borrowed. *
Think about how muscular your purchase power is with today’s Awesome-LOW mortgage rates:
$100,00 is $492 per month.
$200,00 is $984 per month.
$400,000 is only $1,968 per month.
In The Woodlands market area you’d pay (depending on location, square footage and condition) around $1,000 to rent a home valued at $100,000. You’d pay around $2,000 for a property valued at $200,000 and over $3,000 for a home valued above $400,000.
- If you’re renting and you have the ability to buy, and you don’t, you’re throwing your money away. Don’t rent and enrich your landlord, enrich yourself – own.
- If you have a mortgage above 5.5%, you might save yourself hundreds of dollars a month by refinancing at todays crazy low mortgage rates. Refinance now.
- If you’re thinking of moving UP, now is the time take advantage of the muscular purchase power these Awesome-Low mortgage rates provide you. Move now.
- If you’re thinking of downsizing and you wait, as mortgage rates rise, you’ll only pay more for a smaller place. Move now.
- If you’re have more than 16 years left on your current mortgage, refinancing with a 15 -Year mortgage might save you money every month and over $100,000 in the long run. Consider a 15-year mortgage refinance.
- If you’re a seller, today’s mortgage rates makes the pool of qualified buyers larger than it will be when mortgage rates are higher. Which means a faster sale and Top Dollar.
- Don’t regret inaction and paying more – act now.
We’re all feeling the glarmy about the anemic economic, whipsaw stock market and sea-saw savings and 401K plans. The one bright light opportunity that delivers long-term and locked in financial benefit is locking in and taking advantage of Awesome-LOW mortgage rates.
If you’ve been waiting, now’s the time. Give me a call at 832-797-1779 if I can be helpful. If you’d like a no-obligation and supremely confidential conversation about a variety of mortgage plans, current rates, loan qualifications, purchase power analysis, Dana Snider, our Gibraltar Mortgage Service Home Mortgage Counselor would be happy to answer your questions. You can reach her at 832-217-4087.
*Mortgage rates can fluctuate daily, they could dip lower or float higher as you read this. The figures above reflect Principal and Interest only. When buying home your total monthly payment would include Principal, Interest, Property Taxes and Insurance.
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Thanks for reading.
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If you’re a seller in The Woodlands TX, there are lots of ways to choose your real estate agent. Two important criteria might be which broker nets their sellers the most money, while compressing the timeframe and making the ordeal less stressful and faster. If that’s the kind of thing you’re looking for, you will want to talk to one of our team members.
Here’s what I’m saying that. . .
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Show. Don’t Tell.
I know you’re smart.
They say a picture is worth a thousand words, and talk is cheap.
Generally, we’re more likely to believe what we see with our own eyes, way more than let’s say, for instance, what a real estate salesman might blah-blah-blah about how hot the market is.
So instead of me telling you what’s going on, let me show you what’s happening in The Woodlands real estate market. You can draw your own conclusions and call it as you see it.
A traffic report for our listings throughout Houston and The Woodlands
Months Supply Of Inventory in The Woodlands
Average and Median Sold Prices for The Woodlands
The Average Sold Price Per Square Foot for The Woodlands
Your thinking of listing your home For Sale, and every penny counts.
So, what does all this lead you to believe? How do you feel about the health of homeownership in The Woodlands?
As for our team, it’s super busy. Living in The Woodlands is a blessing. If you have any questions about this data, or if I can be helpful, let me know. Ken Brand 832-797-1779.
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