Live Urban. Live Suburban. Live Well. January 2014

September SeptemberEdition Edition

Happy 2014!

We are already in full swing in Houston. Of course when you have 60 degree days and cool nights, everything is possible. Obviously many of our residents have made healthy resolutions since the paths and sidewalks are filled with joggers, cyclists line our streets and our parks resonate with the sound of energetic children and newly motivated parents.

New development is happening everywhere! The “construction crane” seems to have taken over as our state (or at least, Houston) bird. Our newest section of Grand Parkway opened over the holidays and now connects southwest Houston to US 290 in northwest Houston. We haven’t experienced a slow down in the real estate market and all indicators are that it will be another very busy year.

We are ready! We have added additional staff specialist to support you and refined all of our agent teams. We are ready for your arrival and can’t wait for you to visit Houston.

Enjoy our publication and as always, call us when you need us.

Pattie and Matt Patricia A. Huey, Director Relocation / Business Development Pattie.Huey@garygreene.com

Matt Woodroof, Director Relocation and REO Matt.Woodroof@garygreene.com

For more information on our Urban and Suburban Areas:

Click here for our Suburban Presentation

Click here for our Urban Presentation

HOUSTON OVERVIEW: January 2014 (*compared to January 2013) SINGLE FAMILY SALES: NEW Listings : 4970 homes (*up 9%) Days on the Market (DOM): 61 days (*down 22%) Average Sales Price $265,017 (*up 10% ) Resale: $248,072 (*up 12% ) New Construction: $354,457 (14%) Median Sales Price: $188,500 (*up 11%) Resale: $171,500 (*up 12% ) New Construction: $302,870 (up 15%) SINGLE FAMILY RENTALS: NEW Rental Listings: 2376 homes (*up 19%) Days on the Market (DOM): 45 (*0% change) Average Rental Price: $1612 (*up 4%) Median Rental Price: $ 1400 (*up 4%) (Information provided by Real Estate Center at Texas A&M University and HAR)

GREATER HOUSTON SALES OVERVIEW: January 2014 (* compared to January 2013) January Hottest Price Ranges: (Dec. Data) $200k-$249,999 (2.2 mos of inventory) 11.4% of Sales $300k-$399,999 (3 mos of inventory) 11.6 % of Sales $250k-$299,999 (2.5 mos of inventory) 8.1% of Sales $400k-$499,999 (3.6 mos of inventory) 6.1% of Sales $140k-$149,999 (2 mos of inventory) 5.2% of Sales

January Hotness Index*: Top 5 Single Family Markets (Dec. Data) Spring Branch Bear Creek Alief Area South Katy Bellaire South

37.3% (1.5 months of inventory) 32.8% (1.3 months of inventory) 31.1% (1.2 months of inventory) 30.2% (1.2 months of inventory) 28.4% (2.0 months of inventory)

* Hotness ratio is pending sales as a percent of active listings. (Information provided by Real Estate Center at Texas A&M University and HAR) Hottest Apartment Rental Areas based on rental rate growth and Absorption CopyrightŠ 2013 Apartment Data Services, Inc.

GREATER HOUSTON APARTMENT MARKET OVERVIEW: January 2014 Category

Overall

# of Properties

2,511

# of Units

574,130

Avg Price ($/mo)

858

Avg Rate (c/sf/mo)

98.2

Occupancy

90.6%

Apartment Hotness Index

Current Rental Rate

Annualized Rental Rate

% of Mkt Absorbed

Heights

166.7

9.3%

1.5%

Far East

82.2

12.6%

.09%

Tomball/Far Northwest

109.1

4.9%

2.2%

Galleria

133.6

4.4%

0.9%

Brookhollow

86.0

9.6%

.03%

Northwest, Montgomery Woodlands Market areas (*Map: 13,14, 15)

Northwest, Montgomery Woodlands Market areas (*Map: 13,14, 15)

Northwest, Montgomery Woodlands Market areas (*Map: 13,14, 15)

N, NE, Montgomery County SE, Lake Houston, Kingwood Market areas (Map: 1,12,32,40)

N, NE, Montgomery County SE, Lake Houston, Kingwood Market areas (Map: 1,12,32,40)

N, NE, Montgomery County SE, Lake Houston, Kingwood Market areas (*Map:1,12,40,32)

Montgomery County NE and NW, Lake Conroe (*Map: 19,39)

Montgomery County NE and NW, Lake Conroe (*Map: 19,39)

Montgomery County NE and NW, Lake Conroe (*Map: 19,39)

Cypress-Fairbanks, Hwy 6 No., North Katy, Tomball (*Map: 8,10,25,35)

Cypress-Fairbanks, Hwy 6 No., North Katy, Tomball (*Map: 8,10,25,35)

Cypress-Fairbanks, Hwy 6 No., North Katy, Tomball (*Map: 8,10,25,35)

South Katy and Ft. Bend County (*Map: 29,30,36,37)

South Katy and Ft. Bend County (*Map:29,30, 36,37)

South Katy and Ft. Bend County (*Map: 29,30,36,37)

Memorial, Galleria, Central and West Houston (*Map: 21,22,23,31)

Memorial, Galleria, Central and West Houston (*Map: 21,22,23,31)

Memorial, Galleria, Central and West Houston (*Map: 21,22,23,31)

SW and South Central Houston, Alief (*Map: 18,20,28)

SW and South Central Houston, Alief (*Map: 18,20,28)

SW and South Central Houston, Alief (*Map: 18,20,28)

Galveston County (*Map: 33)

Galveston County (*Map: 33)

Galveston County (*Map: 33)

Clear Lake (*Map: 7)

Clear Lake (*Map: 7)

Clear Lake (*Map: 7)

Spring Branch, Heights, Garden Oaks, Oak Forest, No. Houston (*Map: 9,11,24)

Spring Branch, Heights, Garden Oaks, Oak Forest, No. Houston (*Map: 9,11,24)

Spring Branch, Heights, Garden Oaks, Oak Forest, No. Houston (*Map: 9,11,24)

River Oaks, West University, Bellaire, Museum, Memorial Park, Rice Military (*Map: 16,17)

River Oaks, West University, Bellaire, Museum, Memorial Park, Rice Military (*Map: 16,17)

River Oaks, West University, Bellaire, Museum, Memorial Park, Rice Military (*Map: 16,17)

East Houston, Pasadena, Chambers County (*Map: 2,6,53)

East Houston, Pasadena, Chambers County (*Map: 2,6,53)

East Houston, Pasadena, Chambers County (*Map: 2,6,53)

Better Homes and Gardens Real Estate Gary Greene is a Houston based company and a National Top Performer.

In 1963, Gary Greene founded Gary Greene, Realtors® in Houston. Over the years, the Gary Greene name grew in prominence as its offices expanded throughout the metropolitan market. Today, the company is locally owned and operated by Mark Woodroof and Marilyn Eiland, Partners.

Gary Greene, the founder, is still with the company.

1.

We’re better because our agents are better and we support their efforts. In 2013, Better Homes and Gardens Real Estate Gary Greene was listed #1 in the Houston Business Journals’ Book of Lists for total dollar volume sold and closed transactions.

2.

We believe growth comes from individualized training, support and recognition.

3.

Better Homes and Gardens Real Estate Gary Greene is proud to be a staunch advocate and sponsor of the Sunshine Kids Foundation.