Home Sales Report The Woodlands Home September/October 2020

  • Seller’s Market Below 900,000.  Strong Seller’s Market Below $500,000
  • August Listings Under Contract were UP 25.9% compared  July 2018
  • Year To Date Listings Under Contract  = UP 12.2%
  • Low-Low Mortgage Rates
  • 1 in 4 new listings were placed Under Contract in 10 Days Or Less
  • 2 in 5 new listings were placed Under Contract in 31 Days Or Less
  • Average Days On Market before placed Under Contract = 58 Days
  • Median Number Of Days On Market before placed Under Contract = 40 Days
  • Median List Price placed Under Contract = $387,000
  • Average List Price placed Under Contract = $549,000

Q. Why is the market UP 12.2% year-to-date compared to than last year? 

A. Our real estate market is fueled by a bundle of positive external stimulus factors. 

Factors like:

  • Positive economic growth.
  • Job growth and low unemployment.
  • Stable oil prices.
  • Positive consumer confidence.
  • Corporate-relocation moving people in and out (like an Exxon/Mobil).
  • Healthy selection.
  • Excellent mortgage rates in the historically low 3% range.

All positive External Stimulus Factors are in place.  Our real estate market is healthy and gaining strength.


Buyers. . . 

  • It’s a Seller’s Market below $900,000, keenly competitive for buyers below $500,000.
  • When you find what you love, move fast.
  • Mortgage rates are at their lowest in years = More Home, Lower Payments!

 Sellers. . .

  • While market conditions below $900,000 are strong, no matter the price, one fact remains, half hearted selling-efforts will fall flat faced. This is especially true as we enter a Seasonal-Slower Fall and Winter.
  • Supreme interior and exterior merchandising is a must. (Here’s a Checklist)
  • Quality and reach in your marketing and promotional strategy is more important than ever.
  • Give-It-Away pricing is not required!  Competitive pricing is.
  • More and more, serious sellers are matched with serious buyers every day.

Take a look at these and let me know if you have any questions or if I can be helpful📲

I’m here to help you to…
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Live Life to the Fullest,
Scott Culbrson
Broker Associate
Better Homes and Gardens Real Estate Gary Greene

The Woodlands Texas Real Estate Report

July Snap shot 27th 2019 Month to Month Sales - The Woodlands copyWOW lots of information about how homes are selling in The Woodlands, Texas.

Call me (281-467-4691)  I would love to help you with your real estate needs so you to…

LIVE LIFE TO THE FULLEST,
Scott Culberson, Broker Associate, Better Homes and Gardens Real Estate Gary Greene
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An Early Look a February Numbers The Woodlands, Texas

As February winds down we can start to look at how the numbers are shaking out here in The Woodlands, Texas.  Listing inventory is up this year with 281 listings versus last year’s 253 listings.  Contracts written in January were 65 this year with 68 last year.  So what type of market is The Woodlands, Texas in right now?  First let’s set the stage based off what real estate economist believe:

 

Less than six-month of For Sale Inventory= Seller’s market

Six Month Supply of For Sale Inventory=Balanced market

More than six-month of For Sale Inventory= Buyer’s market

 

Looking at all of The Woodlands the months of inventory is sitting at 4.5, so a seller’s market.  If you look at the price range $0-$500,000 you are looking at a seller’s market.  $501,000 and up is a buyer’s market.  Now that changes if we look at individual areas of The Woodlands or we look at it by sales price.  Real estate is local so while looking at these numbers can give some insight it is best to look specifically in your price range in your neighborhood.

 

Where can you get that information?  I’m glad you asked.  Shoot me an email at Scott@ScottCulberson.com.  I would love the opportunity to help you to…

 

Live Life to the Fullest!!!

I am Scott Culberson, Broker Associate with Better Homes and Gardens Gary Greene

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