Q3 | 2019
Houston
Market Update
River Oaks Area 1000 Kirby Drive | Offered at $20,000,000
sothebyshomes.com/1236585
Houston A Message from Marilyn Thompson
2 3
Bay Area
5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49
Bellaire Area Braeswood Place Cypress North Area Cypress South Area East End Revitalized Heights / Greater Heights
Katy Area Medical Center / Museum District Memorial Area Memorial Park / Washington Corridor Area Meyerland Area Montrose, River Oaks Shopping, Upper Kirby and Midtown
Northeast Houston Oak Forest East, Oak Forest West and Sheperd Park Plaza 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 Willow Meadows Area 2019 Q3 Houston Market Update | Index
240 MARSEILLE
Offered at $4,995,000 sothebyshomes.com/1238714 1937 SWIFT BOULEVARD
Offered at $2,175,000 sothebyshomes.com/1237531 7 WESTPOINT DRIVE
Offered at $1,995,000 sothebyshomes.com/1238091 1814 NANTUCKET DRIVE UNIT#A
Offered at $1,299,000 sothebyshomes.com/1239424 *in order from left to right, top to bottom
1 | 2019 Q3 Houston Market Update
a message from
Marilyn Thompson Houston President
This is an extraordinarily exciting time for Martha Turner Sotheby’s International Realty as our Houston headquarters moved locations to the spectacular Amegy Tower located at 1717 West Loop South near the Galleria. We recently hosted a festive grand opening where over 500 guests were in attendance to share the momentous occasion. As we prepared this report from our new offices, we were excited to review the results of Houston’s third quarter performance. The Houston economy continues to be strong, and we are continuing to expand our suite of tools and technology for our agents to support their clients. If a neighborhood in the following report speaks to you, please be sure to send me a note. I would welcome the opportunity to meet with you personally should you have any questions or thoughts pertaining to the Houston real estate market.
HOUSTON BROKERAGE
Marilyn Thompson, Houston President 1717 West Loop South, Suite 1700 | Houston, TX 77027 | 713.558.3274 sothebyshomes.com/houston © MMXIX 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.
2019 Q3 Houston Market Update | 2
at a glance Bay Area
Clear Lake Area Friendswood
3
League City Pearland
%
Change in Median Sales Price {2019 vs. 2018}
11
%
Change in Units Sold {2019 vs. 2018}
1,908 Total Units Sold
274
K
$
BAY AREA CENTRAL SOUTHWEST
288
Median Sales Price
AREA
35
Street
8
00
3
59 EL LAGO
SHADOW CREEK RANCH
PEARLAND
SEABROOK
WEBSTER
KEMAH
FRIENDSWOOD
45
96 LEAGUE CITY
146
35 288
MANVEL
DICKINSON
6 ALVIN
3
45
6
single family homes | Q3 2019
Bay Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
4%
1%
-
3%
11%
5%
$322,582
$300,539
93%
$274,000
1,908
57
$309,635
$296,783
96%
$265,000
1,725
54
$302,855
$288,698
95%
$259,000
1,642
49
$285,999
$274,772
96%
$247,848
1,796
44
$267,463
$256,854
96%
$232,250
1,842
38
Average Sales Price | Units Sold
$310,000
1,950 1,900
$300,000
1,850
$290,000
1,800
$280,000
1,750
$270,000
1,700
$260,000
1,650
$250,000
1,600
$240,000
1,550
$230,000
1,500
2015
2016
2017
2018
2019
Average Sales Price
Q3 2019
Below $200K $200K - $250K $250K - $350K $350K and Up
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
241
12.6%
$41,598,167
7.3%
488
25.6%
$111,697,528
19.5%
729
38.2%
$214,428,173
37.4%
450
23.6%
$205,704,099
35.9%
Q3 2019 Houston Market Update | 4
single family homes | Q3 2019
Bellaire Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
8%
7%
-
8%
-10%
-1%
$1,087,633
$996,587
92%
$930,000
66
133
$1,009,755
$927,629
92%
$862,000
73
134
$1,151,493
$1,000,405
87%
$917,500
72
91
$1,050,346
$981,575
93%
$996,000
66
120
$1,011,792
$969,228
96%
$911,750
86
60
Average Sales Price | Units Sold
$1,020,000
100 90
$1,000,000
80
$980,000
70
$960,000
60 50
$940,000
40
$920,000
30 20
$900,000
10
$880,000
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $500K $500K - $750K $750K - $1M $1M and Up 5 | Q3 2019 Houston Market Update
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
13
19.7%
$5,336,500
8.1%
7
10.6%
$4,856,000
7.4%
17
25.8%
$14,964,425
22.8%
29
43.9%
$40,617,803
61.8%
at a glance Bellaire Area Bellaire Area
8
%
Change in Median Sales Price {2019 vs. 2018}
-10
%
Change in Units Sold {2019 vs. 2018}
66 Total Units Sold
930
K
$
BELLAIRE
Median Sales Price
AREA AREA
GREENWAY/ UPPER KIRBY WOODLAKE/ BRIAR MEADOW
Richmond Ave
69
59
Street
00 Bissonnet St
To llw ay
WEST UNIVERSITY PLACE
GULFTON
BELLAIRE
SOUTHSIDE PLACE
Bellaire Blvd
nn
et
St
610
dr en
Stella Link Rd
so
Avenue B
Hillcroft Ave
n Fo
B is
Buffalo Speedway
S Rice Ave
Chimney Rock Rd
Renwick Dr
69
Kirby Dr
We stp ark
W Holcombe Blvd
Rd
BRAESWOOD PLACE
90 Beechnut St
59
45
610
90
at a glance Braeswood Place Braeswood Place
38
%
Change in Median Sales Price {2019 vs. 2018}
-29
%
Change in Units Sold {2019 vs. 2018}
25 Total Units Sold
760
K
$
BRAESWOOD PLACE
Median Sales Price
nn
et
St
610
eda Rd
Fannin St
Kirby Dr
Stella Link Rd
O ak Rd
WESTBURY
Holly Hall St
610
vd oo d Bl
S Po st
Willowbend Blvd
BRAESWOOD PLACE
90
Beechnut St
Brae sw
W Holcombe Blvd
A lm
Newcastle Dr
so
Chimney Rock Rd
Hillcroft Ave
B ia
Buffalo Speedway
S Rice Ave
Renwick Dr
SOUTHSIDE PLACE
BELLAIRE
Bellaire Blvd
WEST UNIVERSITY PLACE
Kirby Dr
Weslayan St
Gulfton
WILLOW MEADOWS/ WILLOWBEND AREA
SOUTH MAIN Bellfort St
H o lm
es R
d
single family homes | Q3 2019
Braeswood Place
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
17%
17%
-
38%
-29%
59%
$946,145
$869,758
92%
$760,000
25
143
$808,024
$745,827
92%
$550,000
35
90
$1,084,681
$1,032,369
95%
$1,105,000
21
112
$929,937
$869,083
93%
$705,000
35
78
$808,591
$761,625
94%
$660,000
33
79
$1,200,000
Average Sales Price | Units Sold
40 35
$1,000,000
30 $800,000
25 20
$600,000
15
$400,000
10 $200,000
5 0
$-
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $500K $500K - $1M $1M - $1.5M $1.5M and Up
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
9
36.0%
$3,486,000
16.0%
6
24.0%
$4,322,000
19.9%
9
36.0%
$11,885,958
54.7%
1
4.0%
$2,050,000
9.4%
Q3 2019 Houston Market Update | 8
single family homes | Q3 2019
Cypress North Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
5%
5%
-
5%
25%
-14%
$318,382
$304,013
95%
$259,400
1,035
66
$304,193
$289,917
95%
$246,500
827
77
$293,126
$277,023
95%
$238,800
863
69
$283,163
$268,274
95%
$230,000
729
62
$290,370
$276,899
95%
$235,000
780
50
Average Sales Price | Units Sold
$310,000
1,200
$300,000
1,000
$290,000
800
$280,000
600
$270,000
400
$260,000
200
$250,000
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $200K $200K - $300K $300K - $400K $400K and Up 9 | Q3 2019 Houston Market Update
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
199
19.2%
$34,793,021
11.1%
475
45.9%
$116,173,274
36.9%
179
17.3%
$62,314,459
19.8%
182
17.6%
$101,372,575
32.2%
at a glance
Cypress North Area Cypress North
5
Hockley Tomball
%
Change in Median Sales Price {2019 vs. 2018}
25
%
Change in Units Sold {2019 vs. 2018}
1,035 Total Units Sold
259
K
$
CYPRESS NORTH Median Sales Price
AREA
249
Street
THE WOODLANDS
45 HUFSMITH TOMBALL
99 SPRING
290 WALLER
KLEIN H a rd
HOCKLEY
Rd y To ll
CHAMPION FOREST
249
CYPRESS
45
WILLOWBROOK
99
290
8
at a glance Cypress South Area
Bear Creek South
8
Copperfield Area Cypress South
%
Change in Median Sales Price {2019 vs. 2018}
10
%
Change in Units Sold {2019 vs. 2018}
1,268 Total Units Sold
234
K
$
Median Sales Price
ROSE HILL PINE ISLAND
WALLER
99
290
KLEIN
HOCKLEY
CYRESS STATION
KOHRVILLE CHAMPION FOREST
45
249
CYPRESS
WILLOWBROOK
MONAVILLE
8
COPPERFIELD PLACE
JERSEY VILLAGE
99 8 PATTISON
ADDICKS
10
NORTHWEST HOUSTON
290
610
single family homes | Q3 2019
Cypress South Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
4%
5%
-
8%
10%
-34%
$276,089
$266,402
96%
$233,500
1,268
52
$265,460
$254,253
96%
$215,745
1,156
79
$252,738
$240,575
95%
$210,500
1,052
60
$247,005
$235,070
95%
$200,000
1,170
59
$234,187
$224,472
96%
$190,000
1,126
41
Average Sales Price | Units Sold
$270,000
1,400
$260,000
1,200
$250,000
1,000
$240,000
800
$230,000
600
$220,000
400
$210,000
200
$200,000
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $200K $200K - $300K $300K - $400K $400K and Up
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
418
33.0%
$72,022,065
21.3%
513
40.5%
$125,634,575
37.2%
202
15.9%
$69,193,479
20.5%
135
10.6%
$70,947,359
21.0%
Q3 2019 Houston Market Update | 12
single family homes | Q3 2019
East End Revitalized
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
5%
5%
-
13%
30%
-21%
$300,769
$281,569
94%
$292,495
118
76
$285,187
$268,731
94%
$259,000
91
97
$289,659
$267,043
92%
$299,900
81
72
$256,567
$241,505
94%
$251,500
88
85
$229,538
$217,912
95%
$215,000
73
59
Average Sales Price | Units Sold
$300,000
140 120
$250,000
100
$200,000
80 $150,000 60 $100,000
40
$50,000
20
$-
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $250K $250K - $500K $500K - $750K $750K and Up 13 | Q3 2019 Houston Market Update
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
40
33.9%
$6,522,500
19.6%
76
64.4%
$25,652,680
77.2%
2
1.7%
$1,050,000
3.2%
-
0.0%
$0
0.0%
at a glance
East End Revitalized
East End Revitalized
13
%
Change in Median Sales Price {2019 vs. 2018}
30
%
Change in Units Sold {2019 vs. 2018}
118 Total Units Sold
292
K
$
Median Sales Price
45 WASHINGTON AVE/ MEMORIAL PARK
69
8
10
10
RICE MILITARY
610
DOWNTOWN HOUSTON SECOND WARD
RIVER OAKS MONTROSE
UPTOWN GREENWAY/ UPPER KIRBY
MIDTOWN
EAST DOWNTOWN
69
GALENA PARK
LAWNDALE/ WAYSIDE HARRISBURG/ MANCHESTER
TEXAS MEDICAL CENTER
BELLAIRE
GREATER EAST END
90
225
WEST/SOUTH UNION
BRAESWOOD PLACE
90
610
MEADOWBROOK ALLENDALE
288
45
WILLIAM P. HOBBY AIRPORT
PASADENA
8
Copyright and credits: Visit Houston
at a glance Heights / Greater Heights
Heights / Greater Heights
7
%
Change in Median Sales Price {2019 vs. 2018}
12
%
Change in Units Sold {2019 vs. 2018}
370 Total Units Sold
510
K
$
HEIGHTS/GREATER HEIGHTS
Median Sales Price
INDEPENDENCE HEIGHTS
W 43rd St
Crosstimbers St
45
Bl
Dr
vd
610 a in
SHADY ACRES
Fu lto n
NM
W 20th St ps
te
ad
LAZYBROOK/ TIMBERGROVE
Rd
610
HEIGHTS/GREATER HEIGHTS
WASHINGTON AVE/ MEMORIAL PARK
Heights Blvd
W 11th St
ia l Dr
59
WOODLAND HEIGHTS
10
69 Wa shi ngt
M em or
NORTHSIDE VILLAGE Irvington Blvd
m
Studewood St
HILSHIRE VILLAGE
He
St
St
Long Point Rd
69
ll Rd y To
er
Ar ilin e
st
Yale St
Je
W 34th St
SPRING BRANCH EAST
H a rd
C
Ella Blvd
T
N Shepherd Dr
OAK FOREST/ GARDEN OAKS
Rosslyn Rd
290
on Ave
DOWNTOWN HOUSTON
10
single family homes | Q3 2019
Heights / Greater Heights
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
4%
3%
-
7%
12%
13%
$600,237
$577,836
96%
$510,000
370
81
$578,521
$559,398
97%
$477,000
330
72
$580,228
$536,699
92%
$472,500
302
95
$581,072
$550,987
95%
$477,450
328
110
$558,481
$533,601
96%
$467,500
363
90
Average Sales Price | Units Sold
$590,000
400
$580,000
350
$570,000
300
$560,000
250
$550,000
200
$540,000
150
$530,000
100
$520,000
50
$510,000
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $400K $400K - $600K $600K - $800K $800K and Up
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
100
27.0%
$36,016,694
16.8%
141
38.1%
$69,326,906
32.4%
76
20.5%
$52,189,318
24.4%
53
14.3%
$56,266,300
26.3%
Q3 2019 Houston Market Update | 16
single family homes | Q3 2019
Katy Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
1%
2%
-
1%
16%
-23%
$383,099
$364,677
95%
$326,440
1,229
78
$378,551
$358,882
95%
$322,500
1,063
101
$380,543
$358,858
94%
$323,500
978
79
$380,711
$358,282
94%
$327,250
1,110
77
$381,308
$360,838
95%
$335,000
1,135
60
Average Sales Price | Units Sold
$366,000
1,400 1,200
$364,000
1,000
$362,000
800 $360,000 600 $358,000
400
$356,000
200
$354,000
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $250K $250K - $350K $350K - $450K $450K and Up 17 | Q3 2019 Houston Market Update
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
271
22.1%
$58,303,674
13.0%
437
35.6%
$130,181,801
29.0%
260
21.2%
$103,944,268
23.2%
261
21.2%
$155,758,710
34.8%
at a glance
Katy Area
Katy - Southeast Katy - Southwest
1
%
Change in Median Sales Price {2019 vs. 2018}
16
%
Change in Units Sold {2019 vs. 2018}
1,229 Total Units Sold
326
K
$
KATY AREA
Median Sales Price
Street
2855
90
10
10
ENERGY CORRIDOR
MASON PARK
1463
GEORGE BUSH PARK/ELDRIDGE CINCO RANCH
99
We stp ark
FULSHEAR
1093 359
723
To llw ay
1464 MISSION BEND
FOUR CORNERS
6
at a glance Medical / Museum District
Medical Center Area
-27
Rice / Museum District
%
Change in Median Sales Price {2019 vs. 2018}
7
%
Change in Units Sold {2019 vs. 2018}
81 Total Units Sold
539
K
$
Median Sales Price DOWNTOWN HOUSTON SECOND WARD
RIVER OAKS MONTROSE
UPTOWN GREENWAY/ UPPER KIRBY
MIDTOWN
69
90
EAST DOWNTOWN
GREATER EAST END
GREATER THIRD WARD
RICE / MUSEUM
LAWNDALE/ WAYSIDE
45 288
GULFTON
69 BELLAIRE
610
TEXAS MEDICAL CENTER
90
BRAESWOOD PLACE
WEST/SOUTH UNION
610
GOLF FEST WILLOW MEADOWS/ WILLOWBEND AREA
SOUTH MAIN SUNNYSIDE
288
90
single family homes | Q3 2019
Medical / Museum District
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
-11%
-10%
-
-27%
7%
-6%
$738,388
$691,302
94%
$539,000
81
95
$833,946
$767,999
92%
$737,000
76
101
$865,377
$806,576
93%
$642,500
60
87
$818,243
$750,768
92%
$620,000
86
78
$913,088
$843,813
92%
$632,000
75
72
Average Sales Price | Units Sold
$900,000
100
$800,000
90
$700,000
80 70
$600,000
60
$500,000
50
$400,000
40
$300,000
30
$200,000
20
$100,000
10
$-
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $400K $400K - $600K $600K - $800K $800K and Up
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
26
32.1%
$8,009,295
14.3%
21
25.9%
$10,632,792
19.0%
11
13.6%
$7,573,500
13.5%
23
28.4%
$29,779,880
53.2%
Q3 2019 Houston Market Update | 20
single family homes | Q3 2019
Memorial Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
-6%
-5%
-
-18%
26%
0%
$1,239,706
$1,132,483
91%
$825,000
239
121
$1,323,987
$1,196,522
90%
$1,000,000
190
121
$1,399,652
$1,266,217
90%
$920,500
172
96
$1,161,244
$1,052,864
91%
$765,000
207
93
$1,429,788
$1,317,730
92%
$922,000
181
77
Average Sales Price | Units Sold
$1,400,000
300
$1,200,000
250
$1,000,000
200
$800,000 150 $600,000 100
$400,000
50
$200,000 $-
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $500K $500K - $1M $1M - $1.5M $1.5M and Up 21 | Q3 2019 Houston Market Update
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
30
12.6%
$12,615,700
4.7%
118
49.4%
$85,185,696
31.5%
43
18.0%
$51,575,630
19.1%
48
20.1%
$121,286,390
44.8%
at a glance Memorial Area
Memorial Close-In Memorial Villages
-18
Memorial West
%
Change in Median Sales Price {2019 vs. 2018}
26
%
Change in Units Sold {2019 vs. 2018}
239 Total Units Sold
825
K
$
MEMORIAL AREA Median Sales Price
NORTHWEST HOUSTON
ADDICKS
SPRING SHADOWS
290
6
610
SPRING BRANCH EAST
SPRING BRANCH WEST
LAZYBROOK/ TIMBERGROVE
ENERGY CORRIDOR
SPRING VALLEY VILLAGE
10
MEMORIAL CITY
MEMORIAL
10
HEDWIG VILLAGE
WASHINGTON AVE/ MEMORIAL PARK
HUNTERS CREEK VILLAGE
8
PINEY POINT VILLAGE
610
BRIARFOREST
RIVER OAKS
UPTOWN
6
WOODLAKE/ BRIAR MEADOW WESTCHASE We stp ark
To llw ay
GREENWAY/ UPPER KIRBY
69
WEST UNIVERSITY
Street
at a glance
Memorial Park / Washington Corridor Area Memorial Park
8
Rice Military / Washington Corridor Washington East / Sabine
%
Change in Median Sales Price {2019 vs. 2018}
18
%
Change in Units Sold {2019 vs. 2018}
127 Total Units Sold
470
K
$
MEMORIAL PARK AND RICE MILITARY Median Sales Price
AREA Street
45
Yale St
T C Je ste
WOODLAND HEIGHTS
00
r
59
10 Crockett St
MEMORIAL PARK Was hing ton Ave mo
r ia
lD
Westscott St
Me
r
610
Was hing ton Ave
RICE MILITARY
Allen Pkwy
W Dallas St
DOWNTOWN HOUSTON
ug hD r
Shepherd Dr
Kirby Dr
San Felipe St
HYDE PARK
Wa
RIVER OAKS
MONTORSE
Montrose Blvd
Gray St
45
45
6
single family homes | Q3 2019
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
{2019 v 2018}
Change 2019 2018 2017 2016 2015
9%
7%
-
8%
18%
-12%
$563,816
$529,444
94%
$470,000
127
94
$518,295
$495,713
96%
$435,000
108
107
$593,195
$559,846
94%
$470,000
93
116
$539,947
$511,383
95%
$432,500
133
130
$554,325
$526,063
95%
$456,945
122
88
Average Sales Price | Units Sold
$580,000
140 120
$560,000
100
$540,000
80 $520,000 60 $500,000
40
$480,000
20
$460,000
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $350K $350K - $450K $450K - $550K $550K and Up
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
13
10.2%
$4,231,300
6.3%
44
34.6%
$18,090,750
26.9%
37
29.1%
$18,424,353
27.4%
33
26.0%
$26,492,975
39.4%
Q3 2019 Houston Market Update | 24
single family homes | Q3 2019
Meyerland Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
-20%
12%
-
23%
-20%
22%
$493,031
$453,403
92%
$399,000
55
141
$618,120
$403,657
65%
$325,000
69
115
$488,446
$457,465
94%
$404,500
50
101
$482,513
$440,149
91%
$397,750
48
70
$469,568
$437,788
93%
$412,500
68
38
Average Sales Price | Units Sold
$470,000
80
$460,000
70
$450,000
60
$440,000 $430,000
50
$420,000
40
$410,000
30
$400,000
20
$390,000 $380,000
10
$370,000
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $300K $300K - $400K $400K - $500K $500K and Up 25 | Q3 2019 Houston Market Update
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
13
23.6%
$3,385,667
13.6%
16
29.1%
$5,887,758
23.6%
11
20.0%
$4,881,500
19.6%
15
27.3%
$10,782,250
43.2%
at a glance Meyerland Area Meyerland Area
23
%
Change in Median Sales Price {2019 vs. 2018}
-20
%
Change in Units Sold {2019 vs. 2018}
55 Total Units Sold
399
K
$
MEYERLAND AREA Median Sales Price
Chimney Rock Rd
nn
et
BRAESWOOD PLACE
S Rice Ave
so
90
MEYERLAND AREA Brae sw
Fannin St
Kirby Dr
Beechnut St
BRAEBURN
610
vd oo d Bl
S Po st
Fondren Rd
WILLOW MEADOWS/ WILLOWBEND AREA
SOUTH MAIN
O ak Rd
Willowbend Blvd
Creekbend Dr
W Holcombe Blvd
610
St
Hillcroft Ave
B ia
SOUTHSIDE PLACE
BELLAIRE
Bellaire Blvd
69
Gessner Rd
H o lm
es R
d
WESTBURY Reed Rd W Bellfort Ave S
W
illo
w
Dr
SOUTHWEST HOUSTON
90
at a glance
Montrose, River Oaks Shopping, Upper Kirby and Midtown Midtown - Houston
15
Montrose
%
River Oaks Shopping Area Upper Kirby
Change in Median Sales Price {2019 vs. 2018}
-12
%
Change in Units Sold {2019 vs. 2018}
101 Total Units Sold
655
K
$
Median Sales Price
610
45
Was hing ton Ave Me
mo
ri a l
10
RICE MILITARY
Dr
Allen Pkwy
69
W Dallas St
Wa ug hD
Kirby Dr
r
San Felipe St
Montrose Blvd
W Gray St
RIVER OAKS
DOWNTOWN HOUSTON SECOND WARD Po lk
Shepherd Dr
Le e la
W Alabama St
Mc
Richmond Ave
E li
St n
St n
ab
Fa n
M
ai
69
Al
ni
Weslayan St
GREENWAY/ UPPER KIRBY
MIDTOWN
59 Wes tpar k Dr
University Blvd
Bissonnet St Greenbriar Dr
Buffalo Speedway
610
EAST DOWNTOWN
MONTROSE
Westheimer Rd
288 So
TEXAS MEDICAL CENTER
ut
hm
ou
St
re
Bl
vd
am
aS
g in
t
St
Go
we
nS
t
nd S t
45
single family homes | Q3 2019
Montrose, River Oaks Shopping, Upper Kirby and Midtown
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
2%
4%
-
15%
-12%
0%
$738,957
$707,742
96%
$655,000
101
123
$726,350
$681,466
94%
$568,000
115
123
$691,118
$651,224
94%
$560,000
89
146
$682,678
$638,608
94%
$616,000
99
143
$774,608
$725,028
94%
$659,000
98
87
Average Sales Price | Units Sold
$740,000
140
$720,000
120
$700,000
100
$680,000
80
$660,000 60
$640,000
40
$620,000 $600,000
20
$580,000
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $400K $400K - $600K $600K - $800K $800K and Up
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
9
8.9%
$3,212,100
4.5%
31
30.7%
$15,706,600
22.0%
33
32.7%
$22,630,871
31.7%
28
27.7%
$29,932,390
41.9%
Q3 2019 Houston Market Update | 28
single family homes | Q3 2019
Northeast Houston
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
6%
6%
-
6%
17%
-1%
$296,547
$281,614
95%
$254,900
1,125
78
$278,654
$265,615
95%
$239,396
964
79
$281,635
$261,076
93%
$231,000
941
71
$270,578
$255,911
95%
$229,000
943
60
$281,750
$256,265
91%
$224,500
1,029
46
Average Sales Price | Units Sold
$285,000
1,150
$280,000
1,100
$275,000
1,050
$270,000 $265,000
1,000
$260,000
950
$255,000
900
$250,000
850
$245,000 $240,000
800
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $200K $200K - $250K $250K - $300K $300K and Up 29 | Q3 2019 Houston Market Update
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
237
21.1%
$41,080,512
13.0%
305
27.1%
$69,084,786
21.8%
212
18.8%
$57,769,381
18.2%
371
33.0%
$148,881,072
47.0%
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
6
%
Change in Median Sales Price {2019 vs. 2018}
17
%
Change in Units Sold {2019 vs. 2018}
1,125 Total Units Sold
255
K
$
NORTHEAST HOUSTON Median Sales Price
EGYPT PATTON VILLAGE SHENANDOAH
WOODBRANCH
THE WOODLANDS
NEW CANEY
PORTER HEIGHTS
45
321
RAYFORD TOMBALL
PORTER
99
WILLOW AVONAK
TIMBERLANE ACRES
SPRING KINGWOOD
EASTGATE
KLEIN CYPRESS STATION
H a rd
69
249
8
90 ALDINE
SUMMERWOOD
290 JERSEY VILLAGE
STILSON
HARMASTON
45
WILLOWBROOK
DYERSDALE MT HOUSTON
DAYTON
ATASCOCITA
HUMBLE
ll Rd y To
CHAMPION FOREST
HUFFMAN
8
CROSBY BARRETT
146
at a glance
Oak Forest / Shepherd Park Plaza Oak Forest East Area
15
Oak Forest West Area Shepherd Park Plaza Area
%
Change in Median Sales Price {2019 vs. 2018}
5
%
Change in Units Sold {2019 vs. 2018}
204 Total Units Sold
395
K
$
OAK FOREST EAST, OAK FOREST WEST AND SHEPARD PLACE Median Sales Price
Ella Blvd
T C Jester Blvd
Antoine Dr
Bingle Rd
FAIRBANKS/ NORTHWEST CROSSING
W Tidwell Rd
Yale St
Hollister St
Crosstimbers St
NORTHLINE
Pinemont Dr
He
m
ps
SHEPHERD PARK PLAZA AREA
W 43rd St Rd
290
N Shepherd Dr
ad
Rosslyn Rd
te
CENTAL NORTHWEST
45 INDEPENDENCE HEIGHTS
W 34th St
610
Wirt Rd
St
SPRING VALLEY VILLAGE
SHADY ACRES
a in
Bingle Rd
Long Point Rd
NM
SHEPHERD FOREST
SPRING BRANCH EAST
LAZYBROOK/ TIMBERGROVE
W 20th St
GREATER HEIGHTS
610
NEAR NORTHSIDE W 11th St
WOODLAND HEIGHTS
single family homes | Q3 2019
Oak Forest / Shepherd Park Plaza
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
13%
13%
-
15%
5%
-8%
$481,579
$455,178
95%
$395,000
204
83
$424,837
$403,337
95%
$343,000
195
90
$455,724
$416,595
91%
$370,000
159
86
$426,879
$402,354
94%
$354,900
197
81
$456,996
$431,703
94%
$335,000
167
70
Average Sales Price | Units Sold
$460,000
250
$450,000 200
$440,000 $430,000
150
$420,000 $410,000
100
$400,000 $390,000
50
$380,000 $370,000
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $400K $400K - $600K $600K - $800K $800K and Up
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
110
53.9%
$34,154,350
36.8%
53
26.0%
$24,357,951
26.2%
24
11.8%
$16,714,000
18.0%
17
8.3%
$17,629,936
19.0%
Q3 2019 Houston Market Update | 32
single family homes | Q3 2019
River Oaks Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
1%
-2%
-
18%
27%
37%
$2,618,521
$2,294,126
88%
$2,000,000
47
151
$2,599,865
$2,343,337
90%
$1,700,000
37
110
$2,079,818
$1,817,843
87%
$1,687,000
28
95
$2,097,315
$1,910,930
91%
$1,600,000
34
117
$1,893,496
$1,728,802
91%
$1,425,000
38
135
Average Sales Price | Units Sold
$2,500,000
50 45
$2,000,000
40 35
$1,500,000
30 25
$1,000,000
20 15
$500,000
10 5
$-
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $1M $1M - $1.5M $1.5M - $2.5M $2.5M and Up 33 | Q3 2019 Houston Market Update
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
13
27.7%
$10,003,880
9.3%
5
10.6%
$6,023,089
5.6%
13
27.7%
$26,124,750
24.2%
16
34.0%
$65,672,204
60.9%
at a glance River Oaks Area Briar Hollow Greenway Plaza
18
Highland Village / Midlane
%
River Oaks Area Royden Oaks / Afton Oaks
Change in Median Sales Price {2019 vs. 2018}
27
%
Change in Units Sold {2019 vs. 2018}
47 Total Units Sold
2
$
M
RIVER OAKS AREA Median Sales Price
AREA Memorial Dr
Allen Pkwy
Street
S Post Oak Ln
W Dallas St
Gray St
Wa hD r
Shepherd Dr
Dunlavy St
MONTROSE Kirby Dr
Westheimer Rd
HYDE PARK River Oaks Blvd
Buffalo Speedway
Willowick Rd
Post Oak Blvd
UPTOWN
San Felipe St
610
ug
RIVER OAKS
Weslayan St
Sage Rd
W Alabama St
AFTON OAKS
69
GREENWAY/ UPPER KIRBY
Richmond Ave
59
69 59
BOULEVARD OAKS
at a glance River Oaks Proper
River Oaks
27
%
Change in Median Sales Price {2019 vs. 2018}
5
%
Change in Units Sold {2019 vs. 2018}
22 Total Units Sold
3
$
M
RIVER OAKS PROPER
Median Sales Price
AREA Memorial Dr
Allen Pkwy
Street
S Post Oak Ln
W Dallas St
Gray St
Wa hD r
Shepherd Dr
Dunlavy St
MONTROSE Kirby Dr
Westheimer Rd
HYDE PARK River Oaks Blvd
Buffalo Speedway
610
Willowick Rd
Post Oak Blvd
UPTOWN
San Felipe St
ug
RIVER OAKS
Weslayan St
Sage Rd
W Alabama St
AFTON OAKS
69
GREENWAY/ UPPER KIRBY
Richmond Ave
59
69 59
BOULEVARD OAKS
single family homes | Q3 2019
River Oaks Proper
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
8%
5%
-
27%
5%
45%
$3,877,182
$3,367,702
87%
$3,000,000
22
184
$3,579,952
$3,192,259
89%
$2,370,000
21
127
$2,776,000
$2,251,500
81%
$2,175,000
10
66
$3,319,500
$3,014,808
91%
$3,172,500
12
102
$2,903,063
$2,655,747
91%
$2,075,000
15
114
$4,000,000
Average Sales Price | Units Sold
25
$3,500,000 20
$3,000,000 $2,500,000
15
$2,000,000 10
$1,500,000 $1,000,000
5
$500,000 $-
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $2M $2M - $2.5M $2.5M - $3.5M $3.5M and Up
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
4
18.2%
$5,457,000
7.4%
7
31.8%
$17,260,250
23.3%
5
22.7%
$17,766,149
24.0%
6
27.3%
$33,606,055
45.4%
Q3 2019 Houston Market Update | 36
single family homes | Q3 2019
Spring Branch Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
4%
4%
-
3%
15%
-5%
$456,376
$433,042
95%
$350,000
335
107
$439,459
$417,421
95%
$340,000
291
112
$402,401
$381,875
95%
$335,000
285
93
$405,791
$379,067
93%
$324,000
273
91
$383,296
$368,787
96%
$320,000
274
55
Average Sales Price | Units Sold
$440,000
400 350
$420,000
300 $400,000
250 200
$380,000
150
$360,000
100 $340,000
50 0
$320,000
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $300K $300K - $400K $400K - $500K $500K and Up 37 | Q3 2019 Houston Market Update
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
107
31.9%
$24,360,569
16.8%
114
34.0%
$39,314,732
27.1%
37
11.0%
$16,510,429
11.4%
77
23.0%
$64,883,193
44.7%
at a glance Spring Branch Area
Spring Branch
3
%
Change in Median Sales Price {2019 vs. 2018}
15
%
Change in Units Sold {2019 vs. 2018}
335 Total Units Sold
350
K
$
SPRING BRANCH AREA Median Sales Price
AREA
6
Street
ACRES HOMES
8
261
45
GREATER INWOOD FAIRBANKS/ NORTHWEST CROSSING NORTHSIDE
290
NORTHWEST HOUSTON
ADDICKS
OAK FOREST/ GARDEN OAKS SPRING SHADOWS
610
SPRING BRANCH WEST
SPRING BRANCH EAST
6 ENERGY CORRIDOR
10 MEMORIAL
MEMORIAL CITY
8
SPRING VALLEY VILLAGE
GREATER HEIGHTS LAZYBROOK/ TIMBERGROOVE
HEDWIG VILLAGE HUNTERS CREEK VILLAGE
WASHINGTON 10 AVE./ MEMORIAL PARK
610
RICE MILITARY
at a glance Tanglewood / Galleria Area Briargrove
-5
Charnwood / Briarbend Galleria
%
Tanglewood Area
Change in Median Sales Price {2019 vs. 2018}
13
%
Change in Units Sold {2019 vs. 2018}
77 Total Units Sold
820
K
$
TANGLEWOOD AREA
Median Sales Price
10
Memorial Dr
Hedwig Rd
BUNKER HILL VILLAGE
RICE MILITARY
TANGLEWOOD
M em
Memorial Dr
o ri al
Dr
610
RIVER OAKS UPTOWN
AFTON OAKS
S Piney Point Rd
Richmond Ave
Weslayan St
GALLERIA
W Alabama St
GREENWAY/ UPPER KIRBY
69 Wes tpa rk Dr
We stp ark
To llw ay
69
B is
so
nn
et
St
WEST UNIVERSITY PLACE
Kirby Dr
Sage Rd
Westheimer Rd
Chimney Rock Rd
San Felipe St
Briar Forest Dr
WOODLAKE/ BRIAR MEADOW
S Post Oak Ln
Bering Dr
Blalock Rd
Voss Rd
PINEY POINT VILLAGE
Street
HUNTERS CREEK VILLAGE
Woodway Dr
Memorial Dr
AREA
WASHINGTON AVE./ MEMORIAL PARK Piney Point Rd
Gessner Rd
Bunker Hill Road
HEDWIG VILLAGE
single family homes | Q3 2019
Tanglewood / Galleria Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
-2%
3%
-
-5%
13%
-13%
$1,170,534
$1,092,304
93%
$820,000
77
127
$1,190,754
$1,060,422
89%
$861,000
68
146
$1,344,510
$1,227,403
91%
$849,900
61
148
$1,071,397
$982,940
92%
$802,500
70
121
$1,312,344
$1,216,043
93%
$887,650
68
108
$1,400,000
Average Sales Price | Units Sold
90 80
$1,200,000
70
$1,000,000
60
$800,000
50
$600,000
40 30
$400,000
20
$200,000
10
$-
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $500K $500K - $1M $1M - $1.5M $1.5M and Up
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
7
9.1%
$2,554,000
3.0%
45
58.4%
$33,066,180
39.3%
6
7.8%
$6,917,750
8.2%
19
24.7%
$41,569,503
49.4%
Q3 2019 Houston Market Update | 40
single family homes | Q3 2019
Tanglewood Proper
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
27%
37%
-
47%
-10%
92%
$2,595,322
$2,362,972
91%
$2,385,000
9
176
$2,050,200
$1,727,683
84%
$1,626,125
10
92
$2,929,000
$2,627,686
90%
$2,639,000
12
269
$1,842,545
$1,668,436
91%
$1,475,000
11
122
$3,159,500
$2,926,911
93%
$3,120,053
10
115
Average Sales Price | Units Sold
$3,500,000
14
$3,000,000
12
$2,500,000
10
$2,000,000
8
$1,500,000
6
$1,000,000
4
$500,000
2
$-
0
2015
2016
2017
2018
Average Sales Price
2019 Total Units Sold
Q3 2019
Units Sold
Units Sold %
Total Sales Volume
Below $2M $2M - $2.5M $2.5M - $3M $3M and Up
4
44.4%
$5,576,750
26.2%
2
22.2%
$4,915,000
23.1%
3
33.3%
$10,775,000
50.7%
-
0.0%
$0
0.0%
41 | Q3 2019 Houston Market Update
Total Sales Volume %
at a glance Tanglewood Proper Tanglewood
47
%
Change in Median Sales Price {2019 vs. 2018}
-10
%
Change in Units Sold {2019 vs. 2018}
9 Total Units Sold
2.4
M
$
TANGLEWOOD PROPER AREA Median Sales Price
Beinhorn Rd Street
HUNTER CREEK VILLAGE
or
ia
lD
r
Voss Rd
Hedwig Rd
THE VILLIAGES
M
em
Piney Point Rd
MEMORIAL PARK
Woodway Dr Greenbay St
PINEY POINT VILLAGE
gl ew oo d Rd
S Post Oak Ln
Sage Rd
n Ta
Bering Dr
Fountain View Dr
Chimney Rock Rd
610
Post Oak Blvd
Willowick Rd
San Felipe St
at a glance The Woodlands and North Area Champions Area
5
Lake Conroe Area Magnolia / 1488 East
%
Magnolia / 1488 West Spring Northeast Spring / Klein
Change in Median Sales Price {2019 vs. 2018}
The Woodlands
24
%
Change in Units Sold {2019 vs. 2018}
3,154 Total Units Sold
281
K
$
WOODLANDS AREA
Median Sales Price
ROANS PRAIRIE
90
6
NEW WAVERLY
RICHARDS
150
AREA
59
150
WAVERLY
APOLONIA ANDERSON
MILLICAN
GOODRICH
COLDSPRING
75
Street
SHEBHERD
45 WILLIS HIGHTOWER
MONTGOMERY
NAVASOTA
105
BOBVILLE
CLEVELAND
PLANTERSVILLE
CONROE
WHITEHALL TODD MISSION
PINEHURST FIELDS STORE
249
HEMPSTEAD
BUCKHORN
159
SPLENDORA
242 THE WOODLANDS
HUFSMITH
WALLER
290
99
99
PATTON VILLAGE
321
NEW CANEY PORTER
TOMBALL
PRAIRIE VIEW PINE ISLAND
69
GRANGERLAND EGYPT
MAGNOLIA
6
SPRING
EASTGATE HUFFMAN
HOCKLEY
45 CYPRESS
105
HUMBLE
ATASCOCITA
single family homes | Q3 2019
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
{2019 v 2018}
Change 2019 2018 2017 2016 2015
4%
4%
-
5%
24%
-16%
$361,743
$342,408
95%
$281,391
3,154
79
$349,219
$329,593
94%
$268,400
2,552
94
$353,697
$331,798
94%
$264,950
2,488
94
$336,919
$314,666
93%
$258,400
2,575
88
$338,074
$320,881
95%
$249,136
2,540
66
Average Sales Price | Units Sold
$345,000
3,500
$340,000
3,000
$335,000 2,500
$330,000 $325,000
2,000
$320,000
1,500
$315,000
1,000
$310,000
500
$305,000 $300,000
0
2015
2016
2017
2018
2019
Average Sales Price
Q3 2019
Below $200K $200K - $300K $300K - $400K $400K and Up
Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
601
19.1%
$101,610,847
9.4%
1,163
36.9%
$287,558,904
26.6%
632
20.0%
$219,415,862
20.3%
758
24.0%
$471,370,594
43.6%
Q3 2019 Houston Market Update | 44
single family homes | Q3 2019
West Houston Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
-5%
-3%
-
-3%
15%
2%
$403,048
$380,238
94%
$330,000
179
102
$424,407
$392,055
92%
$340,000
155
100
$458,205
$424,751
93%
$367,000
125
101
$414,004
$377,819
91%
$342,000
163
75
$433,150
$397,138
92%
$332,500
145
45
Average Sales Price | Units Sold
$430,000
200 180
$420,000
160
$410,000
140
$400,000
120
$390,000
100 80
$380,000
60
$370,000
40
$360,000
20
$350,000
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $250K $250K - $350K $350K - $450K $450K and Up 45 | Q3 2019 Houston Market Update
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
28
15.6%
$6,147,545
9.0%
77
43.0%
$23,234,078
34.1%
41
22.9%
$16,130,894
23.7%
33
18.4%
$22,550,071
33.1%
at a glance West Houston Area
Briargrove Park / Walnut Bend
-3
Energy Corridor Westchase Area
%
Change in Median Sales Price {2019 vs. 2018}
15
%
Change in Units Sold {2019 vs. 2018}
179 Total Units Sold
330
K
$
WEST HOUSTON AREA Median Sales Price
10
MEMORIAL CITY Wilcrrest Dr
8
Dairy Ashford Rd
Eldridge Pkwy
6
BUNKER HILL VILLAGE
PINEY POINT VILLAGE
Briar Forest Dr Memorial Dr
BRIAR FOREST
1093
Westheimer Rd
Westheimer Rd
Me ado wg Synott Rd
len Ln
Richmond Ave
Westp ark Dr
6
Street
Hedwig Rd
Memorial Dr
AREA HEDWIG VILLAGE
Piney Point Rd
Gessner Rd
Kirkwood Rd
MEMORIAL
10
Bunker Hill Rd
ENERGY CORRIDOR
WESTCHASE
8
Harwin Dr
at a glance West U / Southside Area
West University / Southside Area
-4
%
Change in Median Sales Price {2019 vs. 2018}
14
%
Change in Units Sold {2019 vs. 2018}
83 Total Units Sold
1.3
M
$
WEST U / SOUTHSIDE
Median Sales Price
Sage Rd
AREA
610
Richmond Ave
GREENWAY/ UPPER KIRBY
59
Street
59
69 BELLAIRE JUNCTION
69
We stp ark
BOULEVARD OAKS
Dr
Bissonet St
SOUTHAMPTON
ne
tS
WEST UNIVERSITY PLACE
t
610
SOUTHSIDE PLACE
Kirby Dr
Buffalo Speedway
BELLAIRE
Su
nse
tB
lvd
University Blvd
Newcasle Dr
S Rice Ave Bellaire Blvd
on
Weslayan St
s B is
Fournace Pl
UNIVERSITY PLACE
W Holcombe Blvd
SOUTHGATE
TEXAS MEDICAL CENTER
single family homes | Q3 2019
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
{2019 v 2018}
Change 2019 2018 2017 2016 2015
-3%
-4%
-
-4%
14%
-6%
$1,436,954
$1,362,846
95%
$1,250,000
83
82
$1,485,297
$1,425,462
96%
$1,299,730
73
87
$1,406,146
$1,321,174
94%
$1,233,250
80
72
$1,372,125
$1,283,882
94%
$1,260,000
87
102
$1,325,256
$1,256,787
95%
$1,180,000
75
62
$1,450,000
Average Sales Price | Units Sold
90
$1,400,000
85
$1,350,000 80 $1,300,000 75 $1,250,000 70
$1,200,000 $1,150,000
65
2015
2016
2017
2018
Average Sales Price
2019 Total Units Sold
Q3 2019
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
Below $1M $1M - $1.5M $1.5M - $2M $2M and Up
19
22.9%
$14,405,575
12.7%
37
44.6%
$45,597,138
40.3%
19
22.9%
$32,733,000
28.9%
8
9.6%
$20,380,466
18.0%
Q3 2019 Houston Market Update | 48
single family homes | Q3 2019
Willow Meadows Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2019 v 2018}
Change 2019 2018 2017 2016 2015
-4%
-2%
-
2%
11%
27%
$338,175
$312,354
92%
$300,000
49
137
$352,849
$320,241
91%
$293,500
44
108
$347,341
$327,841
94%
$290,000
37
91
$350,971
$327,844
93%
$316,800
39
92
$353,757
$339,590
96%
$345,000
35
35
Average Sales Price | Units Sold
$345,000
60
$340,000 50
$335,000 $330,000
40
$325,000 $320,000
30
$315,000 20
$310,000 $305,000
10
$300,000 $295,000
0
2015
2016
2017
2018
Average Sales Price
Q3 2019
Below $250K $250K - $350K $350K - $450K $450K and Up 49 | Q3 2019 Houston Market Update
2019 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
9
18.4%
$1,961,900
12.8%
25
51.0%
$7,278,160
47.6%
14
28.6%
$5,580,298
36.5%
1
2.0%
$485,000
3.2%
at a glance
Willow Meadows Area Willow Meadows Area
2
%
Change in Median Sales Price {2019 vs. 2018}
11
%
Change in Units Sold {2019 vs. 2018}
49 Total Units Sold
300
K
$
WILLIOW MEADOWS AREA Median Sales Price
so
nn
et
St
A lm eda Rd Holly Hall St
610
vd oo d Bl
S Po st
Fondren Rd
O ak Rd
Willowbend Blvd
Creekbend Dr
Fannin St
Brae sw
90 Kirby Dr
BRAEBURN
Stella Link Rd
Chimney Rock Rd
S Rice Ave
Beechnut St
BRAESWOOD PLACE
Buffalo Speedway
Hillcroft Ave
610
Newcastle Dr
B ia
Weslayan St
Renwick Dr
69
WILLOW MEADOWS/ WILLOWBEND AREA
SOUTH MAIN
H o lm
es R
d
Bellfort St
WESTBURY Reed Rd W Bellfort Ave S
W
illo
w
Dr
SOUTHWEST HOUSTON
90
288
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