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October 28, 2015 by ken@kenbrand.com

The Woodlands Real Estate Market Snap Shot – October 27th, 2015

analysis solution hugh

Here’s What’s Going On In The Woodlands Real Estate Market.

The Average List Price in The Woodlands = $796,139
The Average Under Contract Price this month = $453,022
The Median List Price in The Woodlands = $499,900
The Median Under Contract Price this month = $325,000

The reason for the big difference between the Average and Median Listing Prices and Under Contract Prices is that 168 of the 955 homes for sale are priced over $1,000,000. The highest priced home in The Woodlands is listed for $15,000,000 in Carlton Woods. A high number of high price homes skews the Average List Price numbers upward..

With 922 homes on the market, buyers are enjoying the best selection in years. Last year at this time there were 680 homes to choose from. While more selection is great for buyers, sellers face a more competitive market place.

155 listings have gone Under Contract this month. At this current velocity, October sales should top out at 184. Last October there were 197 sales. Sales will trail last Octobers slightly higher total by about 6.5%.

Overall it’s a positive market and will most likely close out as the third best year in the history of The Woodlands.

Screenshot 2015-10-27 16.31.58

Screenshot 2015-10-27 16.36.40Screenshot 2015-10-27 16.17.15

That’s the story friends – cheers:-)

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: Real Estate Market Reports

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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