September SeptemberEdition Edition
Happy Thanksgiving! We hope you will all be taking time to relax with friends and family. November in Houston has brought us cooler days and beautiful crisp evenings. Our multiple city centers are being lit up for the holidays with small marketplaces, bursting with color, showing up along their sidewalks. Signs of the holidays are in every window and every face. This month’s Live Urban, Live Suburban, Live Well! Publication has captured some of the more unique, signature items that make Houston special. We hope you will enjoy the publication with our showcased builders and developers and remember that we are always here for your questions on living well in our beautiful hometown. (By the way, we have recently discovered some new developments coming on board in 2014 so be sure to watch for their introduction in the next few issues.) Enjoy and again, from all of us, have a very Happy Thanksgiving. 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: October 2013 (*compared to October 2012) SINGLE FAMILY SALES: NEW Listings : 7441 homes (*up 4%) Days on the Market (DOM): 56 days (*down 24%) Average Sales Price $239,773 (*up 8% ) Resale: $223,446 (*up7% ) New Construction: $337,817 (14%) Median Sales Price: $177,500 (*up 9%) Resale: $165,500 (*up 10% ) New Construction: $274,300 (up 15%) SINGLE FAMILY RENTALS: NEW Rental Listings: 3154 homes (*up 10%) Days on the Market (DOM): 35 (*down 8%) Average Rental Price: $1647 (*up 5%) Median Rental Price: $ 1450 (*up 6%) (Information provided by Real Estate Center at Texas A&M University and HAR)
GREATER HOUSTON SALES OVERVIEW: October 2013 (* compared to October 2012) September Hottest Price Ranges: $200k-$249,999 (2.6 mos of inventory) $300k-$399,999 (3.5 mos of inventory) $250k-$299,999 (2.9 mos of inventory) $400k-$499,999 (4.4 mos of inventory) $140k-$149,999 (2.5 mos of inventory)
7,285 Sales YTD 6,432 Sales YTD 5,518 Sales YTD 3,268 Sales YTD 2,977 Sales YTD
(2.6 months of inventory) (3.5 months of inventory) (2.9 months of inventory) (4.4 months of inventory) (2.5 months of inventory)
September Hotness Index*: Top 5 Single Family Markets Fort Bend Central Bear Creek South Katy Area Bellaire West Far West
39.2% (1.7 months of inventory) 32.0% (1.5 months of inventory) 31.2% (1.4 months of inventory) 31.0% (2.3 months of inventory) 30.5% (1.8 months of inventory)
* Hotness ratio is pending sales as a percent of active listings. (Information provided by Real Estate Center at Texas A&M University and HAR) Hottest Apartment Rental Areas based on rental rate growth and Absorption CopyrightŠ 2013 Apartment Data Services, Inc.
GREATER HOUSTON APARTMENT MARKET OVERVIEW: OCTOBER 2013 Category
Overall
# of Properties
2,509
# of Units
571,043
Avg Price ($/mo)
852
Avg Rate (c/sf/mo)
97.5
Occupancy
91.0%
Trends
Past 12 Months
Rental Rate Growth
6.8
Absorption (unit)
16,089
Apartment Hotness Index
Current Rental Rate
Annualized Rental Rate
% of Mkt Absorbed
Richmond/Rosenberg
94.7
9.7%
2.1%
Heights
161.7
12.9%
1.2%
Brookhollow
85.4
8.9%
2.2%
Far East
81.6
9.1%
2.0%
Hwy 288/South
94.3
6.2%
2.7%
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.