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The$Home$Sales$Real$Estate$Report$$Magnolia$TX$|$77354$|$January$2014$$Average$Sold$Price$/$Median$Sold$Price$–$Month$By$Month$Average$Price$Per$Square$Foot$–$Month$By$Month$Average$Days$On$Market$–$Month$By$Month$Months$Supply$of$For$Sale$Inventory$–$Month$By$Month$$$
Woodforest Plaza | 6875 FM 1488, Suite 800 | Magnolia TX 77354 | 281-367-3531
281-367-3531
KEY INFORMATION
2 Years (Monthly) 12/01/11 - 12/31/13
0DUNHW�'\QDPLFV %+*5(�*DU\�*UHHQHSold Average vs. Median Price
0RQWKO\�� 7RWDO���&KDQJH
-3.510.08
0RQWKO\�&KDQJH
-382.68Median
7RWDO�&KDQJHAverage 240.78 5,778.78 2.00
-9,184.40-0.15
ZIP Codes:All
Bathrooms:Single-Family: (Free Standing, Patio Home) Sq Ft:
HAR AllAll AllAllAll Lot Size:Bedrooms:Property Types:
77354
2 Years (Monthly) Construction Type:Price:Period:MLS:
01/12/14%URNHU0HWULFV�Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2014 - 2015 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
1 of 2
BHGRE Gary Greene
2 Years (Monthly) 12/01/11 - 12/31/13
Market DynamicsSold Average vs. Median Price
Time Period # Properties Sold Sold Average $ Sold Median $ Sold Avg DOMAverage $ - Median $ Median $ as % of Average $44Dec-13 293,252 82.7242,450 50,802 4425Nov-13 300,804 90.3271,623 29,181 5948Oct-13 276,424 91.4252,500 23,924 5248Sep-13 281,211 83.9235,950 45,261 5064Aug-13 305,429 84.8259,150 46,279 5170Jul-13 316,037 88.0278,084 37,954 5957Jun-13 310,538 88.2274,000 36,538 5856May-13 282,532 91.0257,000 25,532 6550Apr-13 320,490 88.6283,970 36,520 8250Mar-13 310,069 81.2251,770 58,299 7933Feb-13 256,263 87.4224,000 32,263 8134Jan-13 271,353 88.6240,500 30,853 9239Dec-12 277,623 79.2220,000 57,623 6836Nov-12 294,543 89.1262,500 32,043 6137Oct-12 253,089 87.9222,500 30,589 8144Sep-12 292,090 96.6282,250 9,840 10956Aug-12 280,406 88.1247,000 33,406 6155Jul-12 305,494 86.0262,700 42,794 10254Jun-12 304,786 81.3247,800 56,986 5652May-12 284,189 90.3256,500 27,689 13533Apr-12 319,604 93.9300,000 19,604 7136Mar-12 327,281 82.3269,450 57,831 8019Feb-12 309,808 99.3307,637 2,171 6717Jan-12 269,824 96.4260,000 9,824 11142Dec-11 251,720 88.4222,500 29,220 84
© 2014 - 2015 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
2 01/12/142 of%URNHU0HWULFV�Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
0DUNHW�'\QDPLFVAverage $/SQFT (Sold)
2 Years (Monthly) 12/01/11 - 12/31/13
%+*5(�*DU\�*UHHQH
Price:
0.43
AllAll All
10.28
Property Types:HAR
Sold $/SQFT
MLS: AllBathrooms:
0.43
All Construction Type:
7RWDO�&KDQJH
Sq Ft:
0RQWKO\�&KDQJH
2 Years (Monthly)
ZIP Codes:
All
10.40
Lot Size:Period:
0RQWKO\��
Bedrooms:
KEY INFORMATION
7RWDO���&KDQJH
Single-Family: (Free Standing, Patio Home)77354
01/12/14%URNHU0HWULFV�Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2014 - 2015 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
1 of 2
Average $/SQFT (Sold)2 Years (Monthly) 12/01/11 - 12/31/13
Market Dynamics BHGRE Gary Greene
#
FOR SALE
SQFTPeriod$/Avg
SQFTTime
Avg $
UNDER CONTRACT
# Avg $Avg
SQFT$/
SQFT
SOLD EXPIRED NEW LISTINGS
# # #Avg $ Avg $ Avg $Avg
SQFT$/
SQFTAvg
SQFT$/
SQFTAvg
SQFT$/
SQFT
128Dec-13 206 3,001382,508 40 325,216 2,848 114 44 29 34293,252 488,110 350,3852,670 110 3,167 154 2,982 118127Nov-13 228 2,924369,671 30 275,497 2,557 108 25 26 58300,804 351,407 295,9682,629 114 2,819 125 2,586 114126Oct-13 239 2,929366,318 42 313,285 2,700 116 48 27 41276,424 269,382 281,0682,612 106 2,591 104 2,675 105127Sep-13 253 2,895366,377 37 268,639 2,511 107 48 18 54281,211 373,748 320,6192,653 106 2,725 137 2,731 119126Aug-13 268 2,936368,834 44 322,213 2,842 113 64 25 68305,429 371,598 328,8672,811 109 3,083 121 2,805 117122Jul-13 293 2,921356,400 73 291,805 2,724 107 70 20 95316,037 331,950 318,4352,921 108 3,049 109 2,748 116121Jun-13 283 2,945355,383 60 302,387 2,784 108 57 25 72310,538 330,248 322,8592,828 110 2,854 116 2,785 116120May-13 291 3,009360,838 57 339,118 3,002 113 56 23 94282,532 362,895 340,0602,776 103 3,115 117 2,871 118119Apr-13 270 2,984352,079 59 278,753 2,672 105 50 14 79320,490 398,343 338,5192,940 109 3,003 133 2,808 121116Mar-13 266 3,014348,242 58 314,846 2,892 109 50 17 85310,069 356,053 330,9142,872 108 2,942 125 2,846 117118Feb-13 252 2,999351,777 42 353,552 2,906 123 33 29 59256,263 320,477 351,0802,550 100 2,550 126 2,944 120115Jan-13 262 3,013344,332 42 289,973 2,784 104 34 27 59271,353 374,149 321,1902,617 104 3,346 112 2,898 111115Dec-12 263 3,002344,792 37 293,117 2,690 109 39 23 30277,623 372,625 343,1912,948 94 3,118 120 2,977 115113Nov-12 283 2,987337,741 33 287,778 2,852 101 36 17 44294,543 335,259 321,7842,871 103 3,005 111 3,017 107113Oct-12 307 2,949331,987 38 302,904 2,870 106 37 30 63253,089 299,584 320,4902,627 96 2,791 107 2,846 113118Sep-12 314 3,035356,828 36 271,466 2,794 97 44 34 40292,090 604,174 325,1212,879 101 3,743 166 2,764 118116Aug-12 355 3,050353,448 54 282,578 2,847 99 56 27 80280,406 413,913 318,1342,870 98 3,207 129 2,964 107116Jul-12 370 3,034349,597 55 323,240 3,040 106 55 40 84305,494 288,740 308,0892,929 104 2,745 105 2,944 105117Jun-12 348 3,007351,208 40 316,745 2,782 114 54 22 74304,786 276,320 315,1712,830 108 2,714 102 2,964 106117May-12 357 2,979348,088 58 279,754 2,708 103 52 25 98284,189 365,755 281,0832,909 98 3,182 115 2,672 105121Apr-12 333 3,116373,858 49 344,791 3,075 112 33 25 93319,604 435,154 320,6502,933 109 3,395 128 2,940 109121Mar-12 319 3,128375,999 45 302,820 2,780 109 36 34 77327,281 342,431 320,1113,038 108 3,199 107 2,960 108122Feb-12 297 3,160384,527 32 288,593 2,885 100 19 23 55309,808 420,628 307,9813,025 102 3,306 127 2,788 110122Jan-12 303 3,212390,382 23 369,844 2,942 126 17 38 59269,824 329,306 320,1713,011 90 3,169 104 3,069 104123Dec-11 296 3,187388,547 26 285,408 2,760 103 42 26 43251,720 315,138 342,4912,512 100 3,056 103 3,073 111
© 2014 - 2015 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
2 01/12/142 of%URNHU0HWULFV�Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
%+*5(�*DU\�*UHHQH0DUNHW�'\QDPLFV
2 Years (Monthly) 12/01/11 - 12/31/13Average DOM for Under Contract Properties
0RQWKO\��-1.35
77354
7RWDO���&KDQJH
Sq Ft:Bathrooms:All All
DOM
Construction Type:
ZIP Codes:
Period:Property Types:
-32.30 -36.760RQWKO\�&KDQJH
-1.53
Lot Size:All
KEY INFORMATION
Single-Family: (Free Standing, Patio Home) AllHAR AllBedrooms:
7RWDO�&KDQJH
AllMLS: Price:2 Years (Monthly)
Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
%URNHU0HWULFV� 1 of 2
© 2014 - 2015 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
01/12/14
Average DOM for Under Contract PropertiesMarket Dynamics BHGRE Gary Greene
2 Years (Monthly) 12/01/11 - 12/31/13
Period Avg DOM Avg CDOMContract# UnderTime
68Dec-13 1184039Nov-13 423067Oct-13 934253Sep-13 643742Aug-13 614455Jul-13 927352Jun-13 746072May-13 1125767Apr-13 975966Mar-13 895879Feb-13 1434277Jan-13 1114296Dec-12 1123781Nov-12 1213362Oct-12 1053866Sep-12 1023685Aug-12 11954
110Jul-12 1455574Jun-12 1964058May-12 9158
120Apr-12 1764988Mar-12 1604579Feb-12 1723281Jan-12 1232355Dec-11 10526
2
© 2014 - 2015 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
01/12/14Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
%URNHU0HWULFV� 2 of
Months Supply of Inventory (UC Calculation)0DUNHW�'\QDPLFV
2 Years (Monthly) 12/01/11 - 12/31/13
%+*5(�*DU\�*UHHQH
ZIP Codes:
-57.16
Price:HAR Bedrooms:Period:
0RQWKO\��MSI-UC
2 Years (Monthly)
77354
-2.38
Single-Family: (Free Standing, Patio Home)
7RWDO���&KDQJH
Property Types:
KEY INFORMATION
AllAll Lot Size:All
-4.290RQWKO\�&KDQJH
-0.187RWDO�&KDQJH
Sq Ft:AllAll Bathrooms:MLS: AllConstruction Type:
Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
%URNHU0HWULFV� 1 of 2
© 2014 - 2015 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
01/12/14
BHGRE Gary GreeneMarket DynamicsMonths Supply of Inventory (UC Calculation)
2 Years (Monthly) 12/01/11 - 12/31/13
Period NAR MSI # SoldMSI# For Sale Last
Day of Month# UnderContract
Time
3.1Dec-13 40 441373.4
6.9Nov-13 30 251725.7
3.5Oct-13 42 481704.0
4.1Sep-13 37 481985.4
3.1Aug-13 44 641994.5
2.9Jul-13 73 702002.7
3.5Jun-13 60 571983.3
3.8May-13 57 562113.7
3.9Apr-13 59 501973.3
3.8Mar-13 58 501913.3
5.5Feb-13 42 331814.3
5.7Jan-13 42 341934.6
5.2Dec-12 37 392035.5
6.5Nov-12 33 362337.1
6.5Oct-12 38 372396.3
5.5Sep-12 36 442446.8
4.9Aug-12 54 562745.1
5.0Jul-12 55 552755.0
5.3Jun-12 40 542867.2
5.3May-12 58 522744.7
7.8Apr-12 49 332595.3
6.7Mar-12 45 362405.3
12.7Feb-12 32 192427.6
14.2Jan-12 23 1724210.5
5.8Dec-11 26 422449.4
2
© 2014 - 2015 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
01/12/14Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
%URNHU0HWULFV� 2 of
Sizzling Seller’s MarketWhat 2014 Homebuyers Need-To-Know
to WIN in a Sizzling Seller’s Market like The Woodlands, Texas
PAID ADVERTISEMENT
2013 will go down as the most sizzling Seller’s Market on re-cord. 2014 will trump 2013 with new record breaking activity, challenge and triumph.
The prepared buyer will WIN. We’d like to help you WIN.
Here’s the situation: Real estate economists tell us that six months supply of available For Sale Listing Inventory represents a balanced real estate market. Take a look at the Months Supply of Inventory picture to the right.
Here are 3 tips for fi nding the bestproperty for you and yours in a sizzling sellers market.
TIP #1: FIRST-TO-KNOW LIGHTNING ALERTS
When selection is thin and swift selling, being the First-To-Know about hot new inventory is an advantage for you.
Here’s how First-To-Know Lightning Alerts work. Tell us ev-erything you’re looking for in your new home (style, design, location, amenities, schools, etc.). We condense your needs into a concise Buyer-Needs profi le (protecting your identity and private information) and program our software to match your buyer-needs to fi re off an instant alert heartbeats after it ap-pears on the Multiple Listing Service (MLS).
Your instant alerts include photos and detailed property infor-mation sent directly to your email inbox. The service is free. To get your personalized First-To-Know Lightning Alerts delivered directly to your email box contact your favorite Gary Greene Pro at 281-367-3531.
TIP #2: POCKET LISTINGS AND PRIVATE SALES
We’re seeing off-the-MLS-radar properties selling via Pocket Listing whisper campaigns and real estate agent grapevine networks. Knowing about private off-MLS listing inventory is an advantage for you.
Here’s how Pocket Listings work. Prior to mass marketing via the MLS, Pocket Listings are privately promoted by the listing agent to a network of select agents via email broadcast, text message, phone calls and personal conversations. When a match is made private viewing appointments are conveniently coordinated , offers are negotiated, contracts are signed, es-crow opened and everyone proceeds smiling to closing. Wel-come to the neighborhood.:-)
Also, we exchange Pocket Listing, Private Sale and Coming Soon properties via our Better Homes And Gardens Real EstateGary Greene company wide online bulletin board, which con-nects over eight hundred pro real estate agents throughout theGreater Houston Area.
Using First-To-Know- Lightning Alerts and plugging yourself into the Coming Soon and Pocket Listings property information network will help you fi nd out about hot new listings inventory before your less informed and unconnected home buying com-petitors.
If you’d like more information about how to tap into the Pocket Listing agent network contact your favorite Gary Greene agent directly or call them at the offi ce: 281-367-3531.
TIP #3: BUYER-NEEDS NETWORK STRATEGY
This strategy is sort of like the Pocket Listing Strategy for sell-ers, except it works for Buyers. Do you see a pattern develop-ing? One of the keys to your success is tapping into a pool of available inventory that is unknown to the disconnected.
Here’s how the Buyer-Needs Network Strategy works. Tell us everything you’re looking for in your new home (style, design, location, amenities, schools, etc.). We condense your needs into a concise Buyer-Needs profi le (protecting your identity and
private information) and broadcast your Buyer-Needs request to top performing listing agents who may have Pocket Listing inventory, private sale opportunities and ”Coming Soon” listings that match what you’re looking for. Buyer-Needs are broadcast via eMail, text message, phone calls, personal conversations. Also, we exchange Buyer-Needs via our Better Homes And Gardens Real Estate Gary Greene company wide online bulle-tin board, which connects over eight hundred pro real estate agents throughout the Greater Houston Area.
Using the Lightning Alert and Buyer-Needs Network Strategies will help you fi nd out about hot new listings inventory before your less informed and unconnected home buying competitors.
To discuss how to get started and tap into insider information, contact your trusted Gary Greene agent directly or call them at the offi ce: 281-367-3531.
Here are 5 Tips On How to write a win-ning offer in sizzling seller’s market.Congratulations. Now that you’ve found the best property for you and yours, you’ve won half the battle. The next challenge to be conquered is submitting a winning offer. We’ve helped thou-sands of buyers win in multiple offers and other competitive sit-uations. As a result, we know what works and what fl ops. Here’s a list of proven tips to help you and yours write a winning offer.
TIP #1: UNDERSTAND THE MARKET. SEE WHAT THE SELLER IS SEEING:Low inventory. • Rising prices. • Multiple offers. • Fast sales. • Construction cranes everywhere. • Daily news about how awesome the local real estate market economy. • Thousands of qualifi ed homebuyers moving to the area.
TIP #2: MOVE FAST.
When you fi nd your dream home don’t hem-haw. Be a bullet. Squeeze the trigger and submit your offer swiftly before com-peting buyers snatches it from your grasp.
TIP #3: DON’T GO FOR THE STEAL! SEAL THE DEAL.Full price and over list price offers are common in this seller’s market. Don’t be embarrassed to offer full price or more when necessary. Keep in mind; your mortgage company will complete a property value appraisal. If the property doesn’t appraise for the contract price you can always bail or renegotiate.
TIP #4: STAND OUT.Sweeten the terms of your offer without paying more. Here’s how: Offer a larger down payment. • Make a bigger earnest money deposit. • Amp up the Option Fee. • Shorten trigger point deadlines and exit clauses for things like the Op-tion Period and days for fi nancing approval. • Provide the seller
with written mortgage pre-approval from your lender. • Include a fl exible and seller friendly closing date. • Consider a possible seller lease back. • Share a personal letter to the seller sharing a little bit about yourself and your situation sometimes helps the seller choose one bidding buyers offer over the other.
TIP #5: REPAIR REALITIES. After your contract is executed you’ll have an opportunity to have the property inspected. Because you’re not buying a brand new home it’s common to turn up a long or short list of items that aren’t perfect. Understand that in a seller’s market a seller is less inclined to pay for the repair of cosmetic items. Have your agent get a bid on the inspection items you’d like to have completed. If the seller won’t pay for them don’t get angry or take your eyes off your prize, your real estate agent will have the names and numbers of reputable repair and home improve-ment people who can get the job done for you fast and afford-ably. Don’t lose out because the seller won’t make the property perfect or spend a few hundred dollars in cosmetic type repairs. If you like it, own it.
The bottom line for buyers: Use these tips and you’ll success-fully navigate seller’s market realities with a smile and success. Good luck, speed and grace. If we can be helpful contact one of our Pro agents directly or call 281-367-3531.
Note: Market data provided by Houston Association Of Real-tors, Multiple Listings Service.
9000 Forest Crossing, The Woodlands, TX
The Woodlands Texas | Months Supply of Inventory Real Estate ReportMonth’s Supply of “For Sale” Listing Inventory – December 28th, 2013
PRICE RANGE MONTHS SUPPLY OF INVENTORYIT’S NO SECRET! IT’S A MUSCLE BOUND
SELLER’S MARKET!
Real estate economists tell us that six months supply of available For Sale Listing Inventory represents a balanced real estate market. The smaller the Months Supply Of Inventory the more muscular the Seller’s Market.
Less than $200,000 .......................................... .08
$200,000 - $300,000 .......................................... .08
$300,001 - $400,000 .......................................... 1.0
$400,001 - $500,000 .......................................... 2.2
$500,001 - $600,000 .......................................... 1.7
$600,001 - $700,000 .......................................... 2.4
$700,001 - $800,000 .......................................... 4.4
$800,001 - $900,000 .......................................... 4.8
$900,001 - $1,000,000 .......................................... 3.4
more than $1,000,001 .......................................... 6.2
Average Days on the Market | The Woodlands Texas | 2013
Homes are selling fast too!
Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family/The Woodlands TX
DAYS
20
40
60
80
0
27 28 3137 42
47 5467
57
85
under $200K
$300–$400K
$500–$600K
$700–$800K
$900–$1M
$200–$300K
$400–$500K
$600–$700K
$800–$900K
over$1M
