Live Urban. Live Suburban. Live Well. October 2013

September SeptemberEdition Edition

October means Festivals! With so many fun, cultural variations on the Oktoberfest theme, you can spend every weekend and almost every weekday tasting brews and exploring menus!

Cool mornings and even cooler evenings draw Houstonians to the streets. “People watching” on Market Street in The Woodlands , celebrations on Kemah’s Boardwalk and browsing through eclectic shops on 19th Street in the Heights are just a few options.

Come visit us and check out all the possibilities.

This month’s Live Urban, Live Suburban, Live Well! publication has more builders and developments as our construction explodes, fun photos and information on the Houston festival scene, monthly market trends and a cultural highlight section on area art shows and museums.

Enjoy and as always, call us when you need us.

Pattie and Matt Pattie Huey, Director Relocation / Business Development Pattie.Huey@garygreene.com

Matt Woodroof, Director Relocation / Operations 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 : 7408 homes (*up 8%) Days on the Market (DOM): 55 days (*down 25%) Average Sales Price $248,256 (*up 13% ) Resale: $232,553 New Construction: $338,000 Median Sales Price: $181,570 (*up 10%) Resale: $169,000 New Construction: $270,710 SINGLE FAMILY RENTALS: NEW Rental Listings: 2873 homes (*up 13%) Days on the Market (DOM): 35 (*down 8%) Average Rental Price: $1700 (*up 7%) Median Rental Price: $ 1480 (*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 (2.7 mos of inventory) $300k-$399,999 (3.6 mos of inventory) $250k-$299,999 (3.0 mos of inventory) $400k-$499,999 (4.5 mos of inventory) $140k-$149,999 (2.9 mos of inventory)

11.5% of the sales 10.0% of the sales 9.0 % of the sales 5.4 % of the sales 5.4 % of the sales

September Hotness Index*: Top 5 Single Family Markets South Katy Area Bear Creek Far West Spring Branch Near North

33.0% (1.6 months of inventory) 27.9% (1.7 months of inventory) 24.7% (2.2 months of inventory) 22.1% (1.9 months of inventory) 21.9% (2.9 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

2507

# of Units

570,172

Avg Price ($/mo)

851

Avg Rate (c/sf/mo)

97.4

Occupancy

91.1

Trends

Past 12 Months

Rental Rate Growth

6.5

Absorption (unit)

16,134

Apartment Hotness Index

Current Rental Rate

Annualized Rental Rate

% of Mkt Absorbed

Richmond/Rosenberg

91.2

14.0%

3.9%

Hwy288/South

94.1

7.8%

2.3%

Northshore/Wood Forest

80.2

7.9%

1.5%

Woodlands/Far North

115.6

9.2%

1.0%

Conroe/Montgomery

89.1

9.2%

1.0%

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.