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September 25, 2014 by ken@kenbrand.com

Homes Sales Market Snapshot – September 25th, 2014

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The Swell Is Big and Exciting

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 in The Woodlands = $153,108

Most Expensive Home in The Woodlands = $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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About ken@kenbrand.com

Ken is the General Sales Manager for The Woodlands Area Marketing Center for Better Home And Gardens Real Estate Gary Greene.
_____________________________
Paradox. Surprise. Uncommon Sense. Irony. ELBs. Impressions. Observations. Less Blah Blah-More Ah-Ha.

If I can be helpful, call, text or eMail - Ken Brand | 832-797-1779 | Ken@KenBrand.com.

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Filed Under: Members

About ken@kenbrand.com

Ken is the General Sales Manager for The Woodlands Area Marketing Center for Better Home And Gardens Real Estate Gary Greene.
_____________________________
Paradox. Surprise. Uncommon Sense. Irony. ELBs. Impressions. Observations. Less Blah Blah-More Ah-Ha.

If I can be helpful, call, text or eMail - Ken Brand | 832-797-1779 | Ken@KenBrand.com.

Linsey Ehle

Linsey is the Sales Manager at Better Homes & Gardens|Gary Greene in The Woodlands and Magnolia markets. Previously a broker/owner in Southern California, as well as a coach for Tom Ferry, Linsey is here to support the careers of both new and seasoned agents. Whether the goal is to launch a successful real estate career, increase production, or help agents create efficiencies, Linsey is committed to helping the Gary Greene team achieve their individual objectives.

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