the woodlands real estate - all summary 2013
DESCRIPTION
Our inventory is 54% less than a year ago at the beginning of April; 65% less than April 2011. It is not uncommon to arrive at a home with a buyer to show, only to find a line of prospective buyers with their agents! Several price ranges, between $700’s to $1 million have shifted from a buyer’s market to a seller’s market, and for price ranges under $500k we have approximately one month of inventory or less! Sales for all price ranges under $1 million are higher than last year, with several price ranges doubling year to date sales compared to same period last year. While prices are increasing due to low inventory and multiple offers over list, the appraisers are challenged to adjust for the changing market!TRANSCRIPT
$100-200M24
$200-300M37
$300-400M36
$400-500M22
$500-600M21
$600-700M28
$700-800M26
$800-900M15
$900-1MM9
$1MM+66
April 2013 Active Listings
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 Active Listings 287 280 254 284 2012 Active Listings 519 523 513 526 510 500 504 493 474 411 380 3502011 Active Listings 678 709 740 823 879 865 781 739 672 651 618 571
150
250
350
450
550
650
750
850
950
Total Number of Listings
Total Active ListingsThe Woodlands
$100-200M36
$200-300M68
$300-400M42
$400-500M25
$500-600M16
$600-700M
12
$700-800M13 $800-900M
6$900-1MM
4$1MM+
9
March 2013 Contracts
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 Contracts 159 195 231 2012 Contracts 110 147 232 251 262 224 163 190 146 161 138 1172011 Contracts 135 127 208 199 227 186 210 173 127 113 101 95
0
50
100
150
200
250
300
Total Number of Contracts
Total New Contracts WrittenThe Woodlands
Jan Feb Mar AprMay
Jun JulAug
Sep Oct Nov Dec
2013 Months Of Inventory 1.9 1.8 1.6 1.82012 Months Of Inventory 3.8 3.8 3.8 3.9 3.7 3.5 3.5 3.4 3.3 2.8 2.5 2.32011 Months Of Inventory 5.5 5.7 5.9 6.6 7.0 6.9 6.2 5.6 4.9 4.7 4.5 4.2
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
Months
Average Months Of InventoryThe Woodlands
$100-200M0.7
$200-300M0.4
$300-400M1.4
$400-500M1.3
$500-600M2.0
$600-700M4.0
$700-800M4.1
$800-900M4.4
$900-1MM3.3
$1MM+10.7
April 2013 Months Of Inventory
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2013 Days-On-Market 75.2 75.1 87.82012 Days-On-Market 100.6 78.1 108.7 96.4 117.4 62.8 76.9 67.5 61.8 49.2 70.4 75.22011 Days-On-Market 115.1 135.8 86.9 191.8 74.1 71.5 109.6 80.4 61.9 59.3 90.7 137.5
20
40
60
80
100
120
140
160
180
200
220
Number of Days
Average Days On Market The Woodlands
$100-200M
28$200-300M
24
$300-400M
37
$400-500M33
$500-600M87
$600-700M10
$700-800M159
$800-900M127
$900-1MM134
$1MM+103
March 2013 Days On Market
$100-200M99
$200-300M99
$300-400M98
$400-500M98
$500-600M97
$600-700M99
$700-800M95
$800-900M94
$900-1MM98
$1MM+94
March 2013 Percentage List vs Sale Price
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2013 LP/SP% 96.5 97.5 97.12012 LP/SP% 94.5 94.8 96.1 97.0 96.3 96.9 97.2 96.7 96.8 97.2 95.5 96.52011 LP/SP% 94.9 94.7 96.1 96.6 95.3 96.7 96.0 96.0 95.2 95.3 95.3 96.5
90.0
91.0
92.0
93.0
94.0
95.0
96.0
97.0
98.0
99.0
100.0
% of List Price
Average List Price vs Sale PriceThe Woodlands
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2013 Showings 3248 3328 43472012 Showings 4288 4561 5730 6361 5774 5364 5469 4889 3763 3651 3305 27802011 Showings 4517 4324 6045 6744 5760 6121 5570 4399 3930 4174 3081 2883
0
1000
2000
3000
4000
5000
6000
7000
8000
TOTAL
SHOWINGS
All ShowingsThe Woodlands
$100-200M1481
$200-300M1585
$300-400M1097
$400-500M552
$500-600M383 $600-
700M366 $700-800M
268
$800-900M180
$900-1MM85
$1MM+383
March 2013 Showings
If you are considering selling your home, we would welcome the opportunity to discuss several of our unique marketing options to maximize the value of your home.
If you are searching for a home in The Woodlands in this list price range and noticing that new listings are changed from Active to Pending or Sold within the same hour or day, we should discuss the topic of Pocket Listings.
[email protected] www.MicheleFlory.com