2017
Houston
Market Update
RIVERCREST
6 W Rivercrest Drive Offered at $17,500,000
Houston A Message from Marilyn Thompson
2 3
Bay Area
5
Bellaire Area
7
Cypress North Area
9 11
Downtown and Central Area
13 15
21 23 25 27 29 31 33 35 37 39
Greater Heights Area Katy Area
17 19
Cypress South Area
Memorial Area Memorial Park / Washington Corridor Area Meyerland Area
Northeast Houston River Oaks Area River Oaks Proper
Spring Branch Area Tanglewood / Galleria Area Tanglewood Proper
The Woodlands and North Area West Houston Area West U / Southside Area
Houston 2017 Market Update | Index
5666 PINE FOREST ROAD
Offered at $2,295,000 sothebyshomes.com/66224381 5516 BUFFALO SPEEDWAY
Offered at $2,285,000 sothebyshomes.com/1237545 215 MAPLE VALLEY ROAD
Offered at $2,749,000 sothebyshomes.com/1237298 1323 NORTH BOULEVARD
Offered at $4,449,900 sothebyshomes.com/1237337 *in order from left to right, top to bottom
1 | Houston 2017 Market Update
a message from
Marilyn Thompson Houston President
Houston Proud resonated more strongly this past year than any other in recent memory. From hosting the Super Bowl, to Hurricane Harvey, to the Astros winning the World Series, Houston never had a dull moment. We watched as neighborhoods evolved and provided guidance and service to those that bought and sold. Houston is a fascinating city where just last year, according to har.com, MTSIR sold lots as low as $7,000 and estates for close to $10,000,000, and of course everything in between. As we put another record setting year in the books, we embrace the stabilizing oil prices and strength in the equity markets. Increased trade, global mobility, and other issues central to the Houston economy are showing signs of strength. Our core focus on exceptional service is a key driver in this lively marketplace. I would welcome the opportunity to visit with you personally should you have any questions or thoughts pertaining to the Houston real estate market.
HOUSTON BROKERAGE
Marilyn Thompson, Houston President 50 Briar Hollow Lane, Suite 700W | Houston, TX 77027 | 713.558.3274 sothebyshomes.com/houston © MMXVIII Sotheby’s International Realty, Inc. All Rights Reserved. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal housing opportunity.
Houston 2017 Market Update | 2
at a glance Bay Area
Clear Lake Area Friendswood League City Pearland
4
%
Change in Median Sales Price {2017 vs. 2016}
-5
%
Change in Units Sold {2017 vs. 2016}
6,063 $255 Total Units Sold
K
Median Sales Price
single family homes | 2017
Bay Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
3%
4%
-
4%
-5%
12%
$298,804
$282,717
95%
$255,000
6,063
58
$289,246
$272,674
94%
$246,000
6,356
51
$270,575
$259,418
96%
$232,475
6,094
48
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold $285,000
6,400
$280,000
6,350 6,300
$275,000
6,250
$270,000
6,200
$265,000
6,150
$260,000
6,100 6,050
$255,000
6,000
$250,000
5,950
$245,000
5,900
2015
2016
2017
Average Sales Price
2017
Below $200K $200K - $300K $300K - $400K $400K and Up
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
1,255
21%
$211,896,910
12%
2,900
48%
$718,688,345
42%
1,207
20%
$413,191,015
24%
701
12%
$370,336,950
22%
Houston 2017 Market Update | 4
single family homes | 2017
Bellaire Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
-1%
-2%
-
-5%
7%
-6%
$1,026,803
$946,833
92%
$890,500
263
103
$1,041,903
$965,712
93%
$933,000
246
109
$1,020,595
$984,406
96%
$926,000
263
61
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold $990,000
265
$980,000
260
$970,000
255
$960,000 250 $950,000 245
$940,000 $930,000
240
$920,000
235
2015
2016
2017
Average Sales Price
2017
Below $500K $500K - $1M $1M - $1.5M $1.5M and Up 5 | Houston 2017 Market Update
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
65
25%
$26,255,437
11%
86
33%
$68,571,149
28%
84
32%
$102,412,058
41%
28
11%
$51,778,478
21%
at a glance Bellaire Area Bellaire Area
-5
%
Change in Median Sales Price {2017 vs. 2016}
7
%
Change in Units Sold {2017 vs. 2016}
263 $890 Total Units Sold
K
Median Sales Price
at a glance Cypress North Area
Cypress North Hockley Tomball
2
%
Change in Median Sales Price {2017 vs. 2016}
10
%
Change in Units Sold {2017 vs. 2016}
2,928 $235 Total Units Sold
K
Median Sales Price
single family homes | 2017
Cypress North Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
2%
2%
-
2%
10%
11%
$292,456
$273,397
93%
$235,000
2,928
79
$286,019
$268,133
94%
$229,750
2,650
71
$280,290
$266,407
95%
$227,500
2,498
52
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold 3,000
$274,000
2,900
$272,000
2,800 $270,000
2,700
$268,000
2,600 2,500
$266,000
2,400 $264,000
2,300
$262,000
2,200
2015
2016
2017
Average Sales Price
2017
Below $200K $200K - $300K $300K - $400K $400K and Up
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
942
32%
$158,013,325
20%
1,193
41%
$291,011,939
36%
434
15%
$148,782,074
19%
359
12%
$202,698,610
25%
Houston 2017 Market Update | 8
single family homes | 2017
Cypress South Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
3%
3%
-
7%
5%
13%
$248,733
$236,318
95%
$209,000
4,077
69
$241,576
$229,182
95%
$196,000
3,870
61
$230,281
$220,079
96%
$185,000
3,616
46
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold 4,200
$240,000
4,100
$235,000
4,000
$230,000
3,900 3,800
$225,000
3,700
$220,000
3,600 3,500
$215,000
3,400
$210,000
3,300
2015
2016
2017
Average Sales Price
2017
Below $200K $200K - $300K $300K - $400K $400K and Up 9 | Houston 2017 Market Update
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
1,880
46%
$309,958,014
32%
1,431
35%
$348,085,449
36%
486
12%
$166,662,941
17%
280
7%
$138,763,461
14%
at a glance Cypress South Area
Bear Creek South Copperfield Area Cypress South
7
%
Change in Median Sales Price {2017 vs. 2016}
5
%
Change in Units Sold {2017 vs. 2016}
4,077 $209 Total Units Sold
K
Median Sales Price
at a glance Downtown and Central Area
East End Revitalized Medical Center Area Midtown - Houston Montrose Rice / Museum District River Oaks Shopping Area Upper Kirby
-2
%
Change in Median Sales Price {2017 vs. 2016}
-1
%
Change in Units Sold {2017 vs. 2016}
969 $452 Total Units Sold
K
Median Sales Price
single family homes | 2017
Downtown and Central Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
3%
3%
-
-2%
-1%
1%
$625,702
$584,122
93%
$452,000
969
103
$607,796
$569,864
94%
$461,925
978
102
$631,776
$594,855
94%
$509,209
906
84
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold $600,000
1,000
$595,000
980
$590,000
960
$585,000 $580,000
940
$575,000
920
$570,000
900
$565,000
880
$560,000
860
$555,000
2015
2016
2017
Average Sales Price
2017
Below $250K $250K - $500K $500K - $750K $750K and Up
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
178
18%
$30,476,271
5%
362
37%
$132,252,100
23%
215
22%
$133,653,761
24%
214
22%
$269,632,134
48%
Houston 2017 Market Update | 12
single family homes | 2017
Greater Heights Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
-5%
2%
-
2%
0%
-11%
$523,651
$496,807
95%
$430,500
1,903
94
$550,622
$485,857
88%
$423,750
1,896
106
$547,969
$495,848
90%
$432,566
1,716
79
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold $498,000
1,950
$496,000
1,900
$494,000
1,850
$492,000 $490,000
1,800
$488,000
1,750
$486,000
1,700
$484,000
1,650
$482,000
1,600
$480,000
2015
2016
2017
Average Sales Price
2017
Below $400K $400K - $600K $600K - $800K $800K and Up 13 | Houston 2017 Market Update
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
797
42%
$253,583,887
27%
682
36%
$330,859,315
35%
228
12%
$157,062,621
17%
196
10%
$203,918,796
22%
at a glance Greater Heights Area
Heights / Greater Heights Oak Forest West Area Shepherd Park Plaza Area
2
%
Change in Median Sales Price {2017 vs. 2016}
0
%
Change in Units Sold {2017 vs. 2016}
1,903 $430 Total Units Sold
K
Median Sales Price
Copyright and credits: Visit Houston
Oak Forest East Area
at a glance Katy Area
Katy - Southeast Katy - Southwest
-2
%
Change in Median Sales Price {2017 vs. 2016}
-4
%
Change in Units Sold {2017 vs. 2016}
3,633 $315 Total Units Sold
K
Median Sales Price
single family homes | 2017
Katy Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
2%
0%
-
-2%
-4%
10%
$380,173
$347,738
91%
$315,000
3,633
89
$371,791
$347,246
93%
$320,000
3,778
81
$380,685
$359,783
95%
$330,915
3,706
64
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold 3,800
$365,000 $360,000
3,750
$355,000 3,700 $350,000 3,650 $345,000 3,600
$340,000
3,550
$335,000
2015
2016
2017
Average Sales Price
2017
Below $250K $250K - $350K $350K - $450K $450K and Up
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
945
26%
$196,613,312
16%
1,288
35%
$384,857,014
30%
740
20%
$292,936,376
23%
660
18%
$388,923,830
31%
Houston 2017 Market Update | 16
single family homes | 2017
Memorial Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
0%
6%
-
5%
1%
0%
$1,275,038
$1,169,972
92%
$851,500
712
105
$1,269,982
$1,106,808
87%
$812,500
702
105
$1,351,078
$1,264,473
94%
$922,000
591
67
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold 800
$1,300,000
700
$1,250,000
600 $1,200,000
500
$1,150,000
400 300
$1,100,000
200 $1,050,000
100
$1,000,000
0
2015
2016
2017
Average Sales Price
2017
Below $500K $500K - $1M $1M - $1.5M $1.5M and Up 17 | Houston 2017 Market Update
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
100
14%
$41,447,667
5%
325
46%
$237,590,867
29%
131
18%
$162,300,564
19%
156
22%
$391,681,269
47%
at a glance Memorial Area
Memorial Close In Memorial Villages Memorial West
5
%
Change in Median Sales Price {2017 vs. 2016}
1
%
Change in Units Sold {2017 vs. 2016}
712 $851 Total Units Sold
K
Median Sales Price
at a glance
Memorial Park / Washington Corridor Area Memorial Park Rice Military / Washington Corridor Washington East / Sabine
-1
%
Change in Median Sales Price {2017 vs. 2016}
-11
%
Change in Units Sold {2017 vs. 2016}
392 $440 Total Units Sold
K
Median Sales Price
single family homes | 2017
Memorial Park / Washington Corridor Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
5%
5%
-
-1%
-11%
0%
$562,622
$529,441
94%
$439,900
392
122
$538,271
$506,515
94%
$443,000
439
122
$577,743
$551,238
95%
$450,000
419
96
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold $560,000
450
$550,000
440 430
$540,000
420
$530,000
410
$520,000
400
$510,000
390
$500,000
380
$490,000
370
$480,000
360
2015
2016
2017
Average Sales Price
2017
Below $350K $350K - $450K $450K - $550K $550K and Up
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
59
15%
$17,247,410
8%
157
40%
$63,437,971
31%
83
21%
$41,068,856
20%
93
24%
$85,786,637
41%
Houston 2017 Market Update | 20
single family homes | 2017
Meyerland Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
-3%
-3%
-
-6%
17%
2%
$519,500
$481,311
93%
$375,000
541
102
$534,452
$495,638
93%
$397,500
463
100
$538,893
$510,984
95%
$428,000
448
50
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold 600
$515,000 $510,000
500
$505,000 $500,000
400
$495,000 300
$490,000 $485,000
200
$480,000 $475,000
100
$470,000 0
$465,000
2015
2016
2017
Average Sales Price
2017
Below $300K $300K - $400K $400K - $500K $500K and Up 21 | Houston 2017 Market Update
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
157
29%
$39,317,649
15%
148
27%
$51,688,023
20%
81
15%
$36,238,474
14%
155
29%
$133,145,011
51%
at a glance Meyerland Area Braeswood Place Meyerland Area Willow Meadows Area
-6
%
Change in Median Sales Price {2017 vs. 2016}
17
%
Change in Units Sold {2017 vs. 2016}
541 $375 Total Units Sold
K
Median Sales Price
at a glance Northeast Houston
Atascocita South Fall Creek Area Kingwood East Kingwood NW / Oakhurst Kingwood South Kingwood West Porter / New Caney West Summerwood / Lakeshore
3
%
Change in Median Sales Price {2017 vs. 2016}
0
%
Change in Units Sold {2017 vs. 2016}
3,415 $236 Total Units Sold
K
Median Sales Price
single family homes | 2017
Northeast Houston Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
-11%
3%
-
3%
0%
20%
$281,746
$265,626
94%
$235,950
3,415
82
$315,478
$258,101
82%
$230,000
3,415
68
$274,505
$255,483
93%
$226,000
3,448
53
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold $268,000
3,460
$266,000
3,450
$264,000
3,440
$262,000 $260,000
3,430
$258,000
3,420
$256,000
3,410
$254,000
3,400
$252,000
3,390
$250,000
2015
2016
2017
Average Sales Price
2017
Below $200K $200K - $300K $300K - $400K $400K and Up
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
1,103
32%
$183,232,630
20%
1,390
41%
$341,263,887
38%
605
18%
$207,894,124
23%
317
9%
$174,722,256
19%
Houston 2017 Market Update | 24
single family homes | 2017
River Oaks Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
-4%
-1%
-
-2%
-2%
-17%
$2,063,441
$1,838,572
89%
$1,490,000
139
114
$2,159,540
$1,864,946
86%
$1,525,000
142
137
$2,071,271
$1,845,153
89%
$1,452,500
129
118
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold $1,870,000
145
$1,865,000 140
$1,860,000 $1,855,000
135
$1,850,000 $1,845,000
130
$1,840,000 $1,835,000
125
$1,830,000 120
$1,825,000
2015
2016
2017
Average Sales Price
2017
Below $750K $750K - $1.25M $1.25M - $2M $2M and Up 25 | Houston 2017 Market Update
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
20
14%
$12,630,550
5%
35
25%
$35,214,383
14%
43
31%
$69,445,904
27%
41
29%
$138,270,630
54%
at a glance River Oaks Area Briar Hollow Greenway Plaza Highland Village / Midlane River Oaks Area Royden Oaks / Afton Oaks
-2
%
Change in Median Sales Price {2017 vs. 2016}
-2
%
Change in Units Sold {2017 vs. 2016}
139 $1.5 Total Units Sold
M
Median Sales Price
at a glance River Oaks Proper River Oaks
-25
%
Change in Median Sales Price {2017 vs. 2016}
13
%
Change in Units Sold {2017 vs. 2016}
53 $2.2 Total Units Sold
M
Median Sales Price
single family homes | 2017
River Oaks Proper Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
-15%
-11%
-
-25%
13%
-40%
$3,148,130
$2,766,849
88%
$2,194,415
53
104
$3,706,106
$3,097,237
84%
$2,912,500
47
172
$3,217,176
$2,828,885
88%
$2,475,000
56
135
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold 58
$3,200,000
56
$3,100,000
54 $3,000,000
52
$2,900,000
50 48
$2,800,000
46 $2,700,000
44
$2,600,000
42
2015
2016
2017
Average Sales Price
2017
Below $1.5M $1.5M - $2.5M $2.5M - $3.5M $3.5M and Up
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
8
15%
$9,148,400
6%
22
42%
$42,342,590
29%
10
19%
$30,167,015
21%
13
25%
$64,985,000
44%
Houston 2017 Market Update | 28
single family homes | 2017
Spring Branch Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
-8%
2%
-
2%
14%
12%
$406,041
$384,704
95%
$330,000
1,140
102
$443,203
$378,055
85%
$325,000
1,000
91
$393,057
$374,351
95%
$318,060
872
60
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold $386,000
1,200
$384,000
1,000
$382,000 $380,000
800
$378,000
600
$376,000 $374,000
400
$372,000
200
$370,000
0
$368,000
2015
2016
2017
Average Sales Price
2017
Below $300K $300K - $400K $400K - $500K $500K and Up 29 | Houston 2017 Market Update
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
429
38%
$94,647,186
22%
372
33%
$128,696,188
29%
137
12%
$60,821,081
14%
202
18%
$154,397,600
35%
at a glance Spring Branch Area
Spring Branch
2
%
Change in Median Sales Price {2017 vs. 2016}
14
%
Change in Units Sold {2017 vs. 2016}
1,140 $430 Total Units Sold
K
Median Sales Price
at a glance Tanglewood / Galleria Area Briargrove Charnwood / Briarbend Galleria Tanglewood Area
-3
%
Change in Median Sales Price {2017 vs. 2016}
6
%
Change in Units Sold {2017 vs. 2016}
284 $852 Total Units Sold
K
Median Sales Price
single family homes | 2017
Tanglewood / Galleria Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
-6%
-4%
-
-3%
6%
9%
$1,274,607
$1,155,999
91%
$852,500
284
149
$1,359,028
$1,204,025
89%
$880,000
267
137
$1,186,262
$1,109,732
94%
$880,000
246
94
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold $1,220,000
290
$1,200,000
280
$1,180,000
270
$1,160,000
260
$1,140,000 250
$1,120,000
240
$1,100,000 $1,080,000
230
$1,060,000
220
2015
2016
2017
Average Sales Price
2017
Below $750K $750K - $1.25M $1.25M - $2M $2M and Up
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
110
39%
$61,366,354
19%
94
33%
$91,278,352
28%
49
17%
$76,768,590
23%
31
11%
$98,890,517
30%
Houston 2017 Market Update | 32
single family homes | 2017
Tanglewood Proper Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
1%
3%
-
9%
4%
41%
$2,658,604
$2,376,483
89%
$2,225,000
53
203
$2,619,331
$2,307,850
88%
$2,041,216
51
143
$2,663,924
$2,448,207
92%
$2,315,000
33
102
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold $2,500,000
60
$2,450,000
50
$2,400,000
40
$2,350,000
30
$2,300,000
20
$2,250,000
10
$2,200,000
0
2015
2016
2017
Average Sales Price
2017
Below $1.5M $1.5M - $2.5M $2.5M - $3.5M $3.5M and Up 33 | Houston 2017 Market Update
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
18
34%
$23,061,115
18%
14
26%
$28,506,479
23%
14
26%
$42,521,002
34%
7
13%
$31,865,000
25%
at a glance Tanglewood Proper Tanglewood
9
%
Change in Median Sales Price {2017 vs. 2016}
4
%
Change in Units Sold {2017 vs. 2016}
53 $2.2 Total Units Sold
M
Median Sales Price
at a glance The Woodlands and North Area Champions Area Lake Conroe Area Magnolia / 1488 East Magnolia / 1488 West Spring Northeast Spring/Klein The Woodlands
1
%
Change in Median Sales Price {2017 vs. 2016}
5
%
Change in Units Sold {2017 vs. 2016}
9,103 $257 Total Units Sold
K
Median Sales Price
single family homes | 2017
The Woodlands and North Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
-3%
3%
-
1%
5%
7%
$346,238
$323,441
93%
$257,000
9,103
101
$356,252
$314,878
88%
$254,900
8,633
94
$343,201
$324,367
95%
$249,940
8,455
74
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold $326,000
9,200
$324,000
9,000
$322,000 8,800
$320,000 $318,000
8,600
$316,000
8,400
$314,000 8,200
$312,000
8,000
$310,000
2015
2016
2017
Average Sales Price
2017
Below $200K $200K - $300K $300K - $400K $400K and Up
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
2,556
28%
$413,219,637
14%
3,167
35%
$781,775,679
27%
1,524
17%
$529,494,492
18%
1,856
20%
$1,219,795,083
41%
Houston 2017 Market Update | 36
single family homes | 2017
West Houston Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
7%
6%
-
6%
2%
34%
$429,824
$401,296
93%
$355,000
550
96
$403,126
$377,541
94%
$335,000
537
72
$434,620
$412,562
95%
$346,000
527
46
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold 555
$420,000
550
$410,000
545 $400,000
540
$390,000
535 530
$380,000
525 $370,000
520
$360,000
515
2015
2016
2017
Average Sales Price
2017
Below $250K $250K - $350K $350K - $450K $450K and Up 37 | Houston 2017 Market Update
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
87
16%
$19,262,110
9%
175
32%
$51,807,935
23%
148
27%
$58,429,929
26%
140
25%
$91,212,722
41%
at a glance West Houston Area
Briargrove Park / Walnut Bend Energy Corridor Westchase Area
6
%
Change in Median Sales Price {2017 vs. 2016}
2
%
Change in Units Sold {2017 vs. 2016}
550 $355 Total Units Sold
K
Median Sales Price
at a glance West U / Southside Area
West University / Southside Area
3
%
Change in Median Sales Price {2017 vs. 2016}
7
%
Change in Units Sold {2017 vs. 2016}
294 $1.2 Total Units Sold
M
Median Sales Price
single family homes | 2017
West U / Southside Area Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
-11%
6%
-
3%
7%
7%
$1,400,199
$1,332,403
95%
$1,231,985
294
96
$1,580,340
$1,256,992
80%
$1,192,000
274
90
$1,354,435
$1,300,655
96%
$1,230,000
271
55
{2017 v 2016}
Change 2017 2016 2015
Average Sales Price | Units Sold 300
$1,340,000
295
$1,320,000
290
$1,300,000
285
$1,280,000
280
$1,260,000
275 270
$1,240,000
265
$1,220,000
260
$1,200,000
255
2015
2016
2017
Average Sales Price
2017
Below $1M $1M - $1.5M $1.5M - $2M $2M and Up
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
95
32%
$72,858,486
19%
113
38%
$140,979,976
36%
54
18%
$94,090,542
24%
32
11%
$83,797,372
21%
Houston 2017 Market Update | 40
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