Houston Market Report - 2017

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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