2018
Houston
Market Update
HOUSTON 2041 Claremont Lane| Offered at $5,250,000
sothebyshomes.com/1238910
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
2018 Houston Market Update | Index
3207 VIRGINIA STREET
Offered at $3,375,000 sothebyshomes.com/1239332 2715 SILVERHORN DRIVE
Offered at $2,000,000 sothebyshomes.com/1241906 5301 POCAHONTAS STREET
Offered at $1,049,000 sothebyshomes.com/1238983 1626 VERMONT STREET
Offered at $719,000 sothebyshomes.com/1238412 *in order from left to right, top to bottom
1 | 2018 Houston Market Update
a message from
Marilyn Thompson Houston President
At Martha Turner Sotheby’s International Realty, we have always been proponents of each sale being equal in importance regardless of the price. As you look at the performance of the different neighborhoods in the following pages, we work with buyers at all price points to find their luxurious property, while promoting homes of all sellers through our extensive network. With 2018 now behind us (next year, Texans!), I am excited to get into the Spring market and work with you to find your place in this town. Whether selling, buying, or just exploring, talking real estate is what our passion is. Houston is coming off a strong jobs creation year according to Greater Houston Partnership. We will watch all reports, so we can advise you on the best strategy that works for you. 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 50 Briar Hollow Lane, Suite 700W | 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.
2018 Houston Market Update | 2
at a glance Bay Area Clear Lake Area Friendswood League City Pearland
4
%
Change in Median Sales Price {2018 vs. 2017}
1
%
Change in Units Sold {2018 vs. 2017}
6,150 Total Units Sold
265
$
Median Sales Price
K
single family homes | 2018
Bay Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
2%
3%
-
4%
1%
7%
$304,478
$290,921
96%
$265,000
6,150
62
$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
Average Sales Price | Units Sold $295,000
6,400
$290,000
6,350
$285,000
6,300
$280,000
6,250
$275,000
6,200
$270,000
6,150
$265,000
6,100
$260,000 $255,000
6,050
$250,000
6,000
$245,000
5,950
$240,000
5,900
2015
2016
2017
Average Sales Price
2018
Below $200K $200K - $250K $250K - $350K $350K and Up
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
1,160
18.9%
$196,077,853
11.0%
1,518
24.7%
$345,418,561
19.3%
2,229
36.2%
$656,283,178
36.7%
1,243
20.2%
$591,382,477
33.1%
2018 Houston Market Update | 4
single family homes | 2018
Bellaire Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
-5%
-6%
-
-5%
2%
22%
$971,548
$887,668
91%
$847,500
269
126
$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
Average Sales Price | Units Sold $1,000,000
275
$980,000
270
$960,000
265
$940,000
260
$920,000
255
$900,000
250
$880,000
245
$860,000
240
$840,000
235
$820,000
230
2015
2016
2017
Average Sales Price
2018
Below $500K $500K - $750K $750K - $1M $1M and Up 5 | 2018 Houston Market Update
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
65
24.2%
$25,971,793
10.9%
46
17.1%
$28,541,437
12.0%
75
27.9%
$67,204,710
28.1%
83
30.9%
$117,064,782
49.0%
at a glance Bellaire Area Bellaire Area
-5
%
Change in Median Sales Price {2018 vs. 2017}
2
%
Change in Units Sold {2018 vs. 2017}
269 Total Units Sold
848
$
Median Sales Price
K
at a glance Cypress North Area Cypress North Hockley Tomball
4
%
Change in Median Sales Price {2018 vs. 2017}
-2
%
Change in Units Sold {2018 vs. 2017}
2,865 Total Units Sold
245
$
Median Sales Price
K
single family homes | 2018
Cypress North Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
3%
5%
-
4%
-2%
11%
$301,882
$287,041
95%
$245,000
2,865
88
$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
Average Sales Price | Units Sold $290,000
3,000
$285,000
2,900 2,800
$280,000
2,700
$275,000
2,600 $270,000
2,500
$265,000
2,400
$260,000
2,300
$255,000
2,200
2015
2016
2017
Average Sales Price
2018
Below $200K $200K - $300K $300K - $400K $400K and Up
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
691
24.1%
$116,004,792
14.1%
1,238
43.2%
$300,146,111
36.5%
503
17.6%
$172,917,386
21.0%
433
15.1%
$233,304,950
28.4%
2018 Houston Market Update | 8
single family homes | 2018
Cypress South Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
6%
7%
-
5%
-1%
17%
$264,469
$252,013
95%
$220,000
4,053
81
$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
Average Sales Price | Units Sold $260,000
4,200 4,100
$250,000
4,000
$240,000
3,900 3,800
$230,000
3,700
$220,000
3,600 3,500
$210,000
3,400
$200,000
3,300
2015
2016
2017
Average Sales Price
2018
Below $200K $200K - $300K $300K - $400K $400K and Up 9 | 2018 Houston Market Update
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
1,596
39.4%
$268,789,224
26.3%
1,576
38.9%
$384,279,127
37.6%
498
12.3%
$170,871,195
16.7%
383
9.4%
$197,467,553
19.3%
at a glance Cypress South Area Bear Creek South Copperfield Area Cypress South
5
%
Change in Median Sales Price {2018 vs. 2017}
-1
%
Change in Units Sold {2018 vs. 2017}
4,053 Total Units Sold
220
$
Median Sales Price
K
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
-5
%
Change in Median Sales Price {2018 vs. 2017}
6
%
Change in Units Sold {2018 vs. 2017}
1,029 Total Units Sold
430
$
Median Sales Price
K
single family homes | 2018
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
{2018 v 2017}
Change 2018 2017 2016 2015
-3%
-2%
-
-5%
6%
8%
$609,885
$570,548
94%
$429,900
1,029
111
$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
Average Sales Price | Units Sold $600,000
1,040
$595,000
1,020
$590,000
1,000 980
$585,000
960
$580,000
940
$575,000
920
$570,000
900
$565,000
880
$560,000
860
$555,000
840
2015
2016
2017
Average Sales Price
2018
Below $250K $250K - $500K $500K - $750K $750K and Up
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
163
15.8%
$27,181,274
4.6%
424
41.2%
$151,633,074
25.8%
207
20.1%
$127,159,035
21.7%
235
22.8%
$281,120,431
47.9%
2018 Houston Market Update | 12
single family homes | 2018
Greater Heights Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
7%
7%
-
5%
4%
-3%
$557,713
$530,152
95%
$451,000
1,987
92
$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
Average Sales Price | Units Sold $540,000
2,050
$530,000
2,000 1,950
$520,000
1,900
$510,000
1,850
$500,000
1,800
$490,000
1,750 1,700
$480,000
1,650
$470,000
1,600
$460,000
1,550
2015
2016
2017
Average Sales Price
2018
Below $400K $400K - $600K $600K - $800K $800K and Up 13 | 2018 Houston Market Update
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
736
37.0%
$234,470,677
22.3%
692
34.8%
$337,538,938
32.0%
298
15.0%
$206,593,917
19.6%
261
13.1%
$274,809,401
26.1%
Copyright and credits: Visit Houston
at a glance Greater Heights Area Heights / Greater Heights Oak Forest East Area Oak Forest West Area Shepherd Park Plaza Area
5
%
Change in Median Sales Price {2018 vs. 2017}
4
%
Change in Units Sold {2018 vs. 2017}
1,987 Total Units Sold
451
$
K
Median Sales Price
at a glance Katy Area Katy - Southeast Katy - Southwest
2
%
Change in Median Sales Price {2018 vs. 2017}
1
%
Change in Units Sold {2018 vs. 2017}
3,684 Total Units Sold
320
$
Median Sales Price
K
single family homes | 2018
Katy Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
-3%
1%
-
2%
1%
11%
$370,582
$351,703
95%
$320,000
3,684
98
$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
Average Sales Price | Units Sold $365,000
3,800
$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
2018
Below $250K $250K - $350K $350K - $450K $450K and Up
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
928
25.2%
$196,337,431
15.2%
1,252
34.0%
$372,242,922
28.7%
826
22.4%
$325,866,397
25.2%
678
18.4%
$401,226,054
31.0%
2018 Houston Market Update | 16
single family homes | 2018
Memorial Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
-2%
-4%
-
0%
6%
12%
$1,244,782
$1,126,856
91%
$850,000
754
118
$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
Average Sales Price | Units Sold $1,300,000
800 700
$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
2018
Below $500K $500K - $1M $1M - $1.5M $1.5M and Up 17 | 2018 Houston Market Update
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
137
18.2%
$53,268,440
6.3%
297
39.4%
$210,099,278
24.7%
142
18.8%
$177,997,378
20.9%
178
23.6%
$408,284,390
48.1%
at a glance Memorial Area Memorial Close-In Memorial Villages Memorial West
0
%
Change in Median Sales Price {2018 vs. 2017}
6
%
Change in Units Sold {2018 vs. 2017}
754 Total Units Sold
850
$
Median Sales Price
K
at a glance Memorial Park / Washington Corridor Area Memorial Park Rice Military / Washington Corridor Washington East / Sabine
1
%
Change in Median Sales Price {2018 vs. 2017}
7
%
Change in Units Sold {2018 vs. 2017}
419 Total Units Sold
445
$
Median Sales Price
K
single family homes | 2018
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
{2018 v 2017}
Change 2018 2017 2016 2015
2%
3%
-
1%
7%
-1%
$572,438
$543,458
95%
$445,000
419
121
$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
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
2018
Below $350K $350K - $450K $450K - $550K $550K and Up
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
61
14.6%
$19,375,100
8.5%
158
37.7%
$64,381,676
28.3%
84
20.0%
$41,363,676
18.2%
116
27.7%
$102,588,448
45.1%
2018 Houston Market Update | 20
single family homes | 2018
Meyerland Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
-3%
-9%
-
-9%
9%
4%
$504,057
$439,803
87%
$339,750
590
107
$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
Average Sales Price | Units Sold $520,000
700
$500,000
600 500
$480,000
400 $460,000 300 $440,000
200
$420,000
100
$400,000
0
2015
2016
2017
Average Sales Price
2018
Below $300K $300K - $400K $400K - $500K $500K and Up 21 | 2018 Houston Market Update
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
243
41.2%
$60,393,417
23.3%
133
22.5%
$47,161,788
18.2%
85
14.4%
$37,991,839
14.6%
129
21.9%
$113,936,552
43.9%
at a glance Meyerland Area Braeswood Place Meyerland Area Willow Meadows Area
-9
%
Change in Median Sales Price {2018 vs. 2017}
9
%
Change in Units Sold {2018 vs. 2017}
590 Total Units Sold
340
$
Median Sales Price
K
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
2
%
Change in Median Sales Price {2018 vs. 2017}
-1
%
Change in Units Sold {2018 vs. 2017}
3,385 Total Units Sold
240
$
Median Sales Price
K
single family homes | 2018
Northeast Houston
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
0%
1%
-
2%
-1%
2%
$281,504
$267,542
95%
$240,000
3,385
84
$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
Average Sales Price | Units Sold $270,000
3,460
$268,000
3,450
$266,000
3,440
$264,000
3,430
$262,000
3,420
$260,000
3,410
$258,000
3,400
$256,000
3,390
$254,000
3,380
$252,000
3,370
$250,000
3,360
$248,000
3,350
2015
2016
2017
Average Sales Price
2018
Below $200K $200K - $250K $250K - $300K $300K and Up
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
940
27.8%
$160,157,158
17.7%
939
27.7%
$212,921,040
23.5%
573
16.9%
$157,366,992
17.4%
933
27.6%
$375,183,105
41.4%
2018 Houston Market Update | 24
single family homes | 2018
River Oaks Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
16%
17%
-
26%
15%
15%
$2,395,919
$2,158,826
90%
$1,870,688
160
131
$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
Average Sales Price | Units Sold $2,200,000
180 160
$2,100,000
140
$2,000,000
120 100
$1,900,000
80
$1,800,000
60 40
$1,700,000
20
$1,600,000
0
2015
2016
2017
Average Sales Price
2018
Below $1M $1M - $1.5M $1.5M - $2.5M $2.5M and Up 25 | 2018 Houston Market Update
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
38
23.8%
$30,458,229
8.8%
26
16.3%
$32,869,830
9.5%
51
31.9%
$102,006,701
29.5%
45
28.1%
$180,077,340
52.1%
at a glance River Oaks Area Briar Hollow Greenway Plaza Highland Village / Midlane River Oaks Area Royden Oaks / Afton Oaks
26
%
Change in Median Sales Price {2018 vs. 2017}
15
%
Change in Units Sold {2018 vs. 2017}
160 Total Units Sold
1.9
$
M
Median Sales Price
at a glance River Oaks Proper River Oaks
12
%
Change in Median Sales Price {2018 vs. 2017}
13
%
Change in Units Sold {2018 vs. 2017}
60 Total Units Sold
2.5
$
M
Median Sales Price
single family homes | 2018
River Oaks Proper
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
1%
3%
-
12%
13%
40%
$3,190,032
$2,842,941
89%
$2,450,000
60
145
$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
Average Sales Price | Units Sold $3,200,000
70
$3,100,000
60
$3,000,000
50
$2,900,000
40
$2,800,000
30
$2,700,000
20
$2,600,000
10
$2,500,000
0
2015
2016
2017
Average Sales Price
2018
Below $2M $2M - $2.5M $2.5M - $3.5M $3.5M and Up
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
9
15.0%
$13,874,925
8.1%
9
15.0%
$18,316,200
10.7%
24
40.0%
$59,573,945
34.9%
18
30.0%
$78,811,395
46.2%
2018 Houston Market Update | 28
single family homes | 2018
Spring Branch Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
8%
8%
-
4%
-4%
17%
$440,494
$417,392
95%
$342,000
1,098
120
$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
Average Sales Price | Units Sold $430,000
1,200
$420,000
1,000
$410,000 800
$400,000 $390,000
600
$380,000
400
$370,000 200
$360,000 $350,000
0
2015
2016
2017
Average Sales Price
2018
Below $300K $300K - $400K $400K - $500K $500K and Up 29 | 2018 Houston Market Update
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
357
32.5%
$82,560,459
18.0%
396
36.1%
$137,918,366
30.1%
120
10.9%
$53,151,103
11.6%
225
20.5%
$184,666,769
40.3%
at a glance Spring Branch Area Spring Branch
4
%
Change in Median Sales Price {2018 vs. 2017}
-4
%
Change in Units Sold {2018 vs. 2017}
1,098 Total Units Sold
342
$
Median Sales Price
K
at a glance Tanglewood / Galleria Area Briargrove Charnwood / Briarbend Galleria Tanglewood Area
-1
%
Change in Median Sales Price {2018 vs. 2017}
-6
%
Change in Units Sold {2018 vs. 2017}
266 Total Units Sold
843
$
Median Sales Price
K
single family homes | 2018
Tanglewood / Galleria Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
-9%
-10%
-
-1%
-6%
4%
$1,154,890
$1,041,178
90%
$842,500
266
156
$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
Average Sales Price | Units Sold $1,250,000
290
$1,200,000
280 270
$1,150,000
260 $1,100,000 250 $1,050,000
240
$1,000,000
230
$950,000
220
2015
2016
2017
Average Sales Price
2018
Below $500K $500K - $1M $1M - $1.5M $1.5M and Up
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
48
18.0%
$18,297,445
6.6%
113
42.5%
$82,090,495
29.6%
52
19.5%
$64,784,256
23.4%
53
19.9%
$111,781,250
40.4%
2018 Houston Market Update | 32
single family homes | 2018
Tanglewood Proper
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
-23%
-23%
-
-22%
-34%
-19%
$2,053,140
$1,837,382
89%
$1,730,000
35
164
$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
Average Sales Price | Units Sold $3,000,000
60
$2,500,000
50
$2,000,000
40
$1,500,000
30
$1,000,000
20
$500,000
10
$-
0
2015
2016
2017
Average Sales Price
2018
Below $1.25M $1.25M - $1.75M $1.75M - $2.25M $2.25M and Up 33 | 2018 Houston Market Update
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
2
5.7%
$2,313,700
3.6%
9
25.7%
$13,189,456
20.5%
12
34.3%
$20,332,000
31.6%
12
34.3%
$28,473,200
44.3%
at a glance Tanglewood Proper Tanglewood
-22
%
Change in Median Sales Price {2018 vs. 2017}
-34
%
Change in Units Sold {2018 vs. 2017}
35 Total Units Sold
1.7
$
M
Median Sales Price
at a glance The Woodlands and North Area
Magnolia / 1488 East
4
Magnolia / 1488 West
Change in Median Sales Price
Champions Area Lake Conroe Area
Spring Northeast Spring/Klein The Woodlands
%
{2018 vs. 2017}
2
%
Change in Units Sold {2018 vs. 2017}
9,277 Total Units Sold
267
$
Median Sales Price
K
single family homes | 2018
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
{2018 v 2017}
Change 2018 2017 2016 2015
0%
2%
-
4%
2%
2%
$347,767
$328,811
95%
$267,000
9,277
103
$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
Average Sales Price | Units Sold 9,400
$330,000
9,200
$325,000
9,000 $320,000
8,800 8,600
$315,000
8,400 $310,000
8,200 8,000
$305,000
2015
2016
2017
Average Sales Price
2018
Below $200K $200K - $300K $300K - $400K $400K and Up
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
2,196
23.7%
$360,843,016
11.8%
3,397
36.6%
$839,416,583
27.5%
1,648
17.8%
$571,112,905
18.7%
2,036
21.9%
$1,279,009,701
41.9%
2018 Houston Market Update | 36
single family homes | 2018
West Houston Area
Avg. List Price
Avg. Sales Price
Sales Price Median vs List Price Sales Price
Total Avg. Days Units Sold on Market
{2018 v 2017}
Change 2018 2017 2016 2015
-5%
-5%
-
-6%
8%
0%
$410,362
$380,535
93%
$334,250
596
97
$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
Average Sales Price | Units Sold $420,000
620
$410,000
600 580
$400,000
560 $390,000 540 $380,000
520
$370,000
500
$360,000
480
2015
2016
2017
Average Sales Price
2018
Below $250K $250K - $350K $350K - $450K $450K and Up 37 | 2018 Houston Market Update
2018 Total Units Sold
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
88
14.8%
$19,095,670
8.4%
256
43.0%
$76,888,409
33.9%
130
21.8%
$50,806,389
22.4%
122
20.5%
$80,008,352
35.3%
at a glance West Houston Area Briargrove Park / Walnut Bend Energy Corridor Westchase Area
-6
%
Change in Median Sales Price {2018 vs. 2017}
8
%
Change in Units Sold {2018 vs. 2017}
596 Total Units Sold
334
$
Median Sales Price
K
at a glance West U / Southside Area West University / Southside Area
3
%
Change in Median Sales Price {2018 vs. 2017}
-1
%
Change in Units Sold {2018 vs. 2017}
290 Total Units Sold
1.3
$
M
Median Sales Price
single family homes | 2018
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
{2018 v 2017}
Change 2018 2017 2016 2015
5%
5%
-
3%
-1%
-5%
$1,468,403
$1,403,903
96%
$1,271,230
290
91
$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
Average Sales Price | Units Sold $1,450,000
300 295
$1,400,000
290
$1,350,000
285 280
$1,300,000
275
$1,250,000
270 265
$1,200,000
260
$1,150,000
255
2015
2016
2017
Average Sales Price
2018 Total Units Sold
2018
Units Sold
Units Sold %
Total Sales Volume
Total Sales Volume %
Below $1M $1M - $1.5M $1.5M - $2M $2M and Up
76
26.2%
$58,450,689
14.4%
119
41.0%
$148,602,480
36.5%
58
20.0%
$97,672,212
24.0%
37
12.8%
$102,406,457
25.2%
2018 Houston Market Update | 40
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