Houston Market Update | Q3 2018

Q3 | 2018

Houston

Market Update

HOUSTON 526 W Friar Tuck Lane | Offered at $18,950,000

sothebyshomes.com/1238416

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 Q3 Houston Market Update | Index

3 W RIVERCREST

Offered at $12,995,000 sothebyshomes.com/1241694 9 LACEWOOD LANE

Offered at $6,499,000 sothebyshomes.com/1241842 1306 HORSESHOE DRIVE

Offered at $5,850,000 sothebyshomes.com/1236580 11930 SURREY LANE

Offered at $1,599,000 sothebyshomes.com/1238535 *in order from left to right, top to bottom

1 | 2018 Q3 Houston Market Update

a message from

Marilyn Thompson Houston President

I can resoundingly say that Houstonians are ready for Fall. It is invigorating to read about the upcoming cultural events that our city will embrace as the season begins. As a former school teacher, I recall the excitement of Fall, as it represented new beginnings for so many. However, the real estate market doesn’t particularly need new beginnings, as it has been remarkably strong over recent months. Buyers and sellers have navigated us into a very positive direction in all aspects of the market.

The third quarter of this year compares to the same period of last year which was directly impacted by Hurricane Harvey. We are excited to note that, according to HAR, all but two communities had either a sales price increase, a unit increase, or both. That speaks to the inherent resilience of Houston’s people – where jobs and innovation continue to drive demand.

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 © 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.

2018 Q3 Houston Market Update | 2

at a glance Bay Area

Clear Lake Area Friendswood League City Pearland

2

%

Change in Median Sales Price {2018 vs. 2017}

5

%

Change in Units Sold {2018 vs. 2017}

1,725 Total Units Sold

265

$

Median Sales Price

K

single family homes | Q3 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%

-

2%

5%

9%

$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 $300,000

1,900

$290,000

1,850 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

Average Sales Price

Q3 2018

Below $200K $200K - $250K $250K - $350K $350K and Up

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

298

17.3%

$50,796,250

9.9%

442

25.6%

$100,305,262

19.6%

603

35%

$177,279,257

34.6%

382

22.1%

$183,569,519

35.9%

Q3 2018 Houston Market Update | 4

single family homes | Q3 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

-12%

-7%

-

-6%

1%

48%

$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 100

$1,020,000

90

$1,000,000

80

$980,000

70 60

$960,000

50 $940,000

40 30

$920,000

20

$900,000

10 0

$880,000

2015

2016

2017

Average Sales Price

Q3 2018

Below $500K $500K - $750K $750K - $1M $1M and Up 5 | Q3 2018 Houston Market Update

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

11

15.1%

$4,125,900

6.1%

13

17.8%

$8,796,000

13%

28

38.4%

$24,812,610

36.6%

21

28.8%

$29,982,400

44.3%

at a glance Bellaire Area Bellaire Area

-6

%

Change in Median Sales Price {2018 vs. 2017}

1

%

Change in Units Sold {2018 vs. 2017}

73 Total Units Sold

862

$

Median Sales Price

K

at a glance Cypress North Area

Cypress North Hockley Tomball

3

%

Change in Median Sales Price {2018 vs. 2017}

-4

%

Change in Units Sold {2018 vs. 2017}

827 Total Units Sold

247

$

Median Sales Price

K

single family homes | Q3 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

4%

5%

-

3%

-4%

11%

$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 $295,000

900

$290,000 850

$285,000 $280,000

800

$275,000 750

$270,000 $265,000

700

$260,000 650

$255,000

2015

2016

2017

Average Sales Price

Q3 2018

Below $200K $200K - $300K $300K - $400K $400K and Up

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

193

23.3%

$32,322,535

13.5%

369

44.6%

$89,697,221

37.4%

125

15.1%

$43,164,515

18%

140

16.9%

$74,577,172

31.1%

Q3 2018 Houston Market Update | 8

single family homes | Q3 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

5%

6%

-

2%

10%

32%

$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 $260,000

1,180

$255,000

1,160

$250,000

1,140

$245,000

1,120

$240,000

1,100

$235,000

1,080

$230,000

1,060

$225,000 $220,000

1,040

$215,000

1,020

$210,000

1,000

$205,000

980

2015

2016

2017

Average Sales Price

Q3 2018

Below $200K $200K - $300K $300K - $400K $400K and Up 9 | Q3 2018 Houston Market Update

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

471

40.7%

$80,608,600

27.4%

434

37.5%

$105,156,784

35.8%

126

10.9%

$43,342,256

14.7%

125

10.8%

$64,809,247

22.1%

at a glance Cypress South Area

Bear Creek South Copperfield Area Cypress South

2

%

Change in Median Sales Price {2018 vs. 2017}

10

%

Change in Units Sold {2018 vs. 2017}

1,156 Total Units Sold

216

$

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

7

%

Change in Median Sales Price {2018 vs. 2017}

23

%

Change in Units Sold {2018 vs. 2017}

282 Total Units Sold

481

$

Median Sales Price

K

single family homes | Q3 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%

3%

-

7%

23%

4%

$612,987

$571,599

93%

$481,200

282

109

$595,193

$556,452

93%

$448,500

230

105

$588,029

$545,937

93%

$442,500

273

104

$655,079

$610,757

93%

$522,500

246

74

Average Sales Price | Units Sold $620,000

300

$600,000

250

$580,000

200

$560,000

150

$540,000

100

$520,000

50

$500,000

0

2015

2016

2017

Average Sales Price

Q3 2018

Below $250K $250K - $500K $500K - $750K $750K and Up

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

45

16%

$8,093,675

5%

105

37.2%

$38,066,610

23.6%

67

23.8%

$41,340,075

25.6%

65

23%

$73,690,645

45.7%

Q3 2018 Houston Market Update | 12

single family homes | Q3 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

-3%

1%

-

0%

14%

-15%

$521,438

$501,433

96%

$430,000

525

79

$537,286

$495,275

92%

$430,000

461

92

$523,213

$495,215

95%

$433,000

525

99

$526,504

$501,494

95%

$440,000

530

84

Average Sales Price | Units Sold $504,000

540

$502,000

520

$500,000

500

$498,000 480 $496,000 460

$494,000 $492,000

440

$490,000

420

2015

2016

2017

Average Sales Price

Q3 2018

Below $400K $400K - $600K $600K - $800K $800K and Up 13 | Q3 2018 Houston Market Update

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

210

40%

$66,304,106

25.2%

187

35.6%

$89,718,689

34.1%

77

14.7%

$53,167,882

20.2%

51

9.7%

$54,061,437

20.5%

at a glance Greater Heights Area

Heights / Greater Heights Oak Forest West Area Shepherd Park Plaza Area

0

%

Change in Median Sales Price {2018 vs. 2017}

14

%

Change in Units Sold {2018 vs. 2017}

525 Total Units Sold

430

$

Median Sales Price

K Copyright and credits: Visit Houston

Oak Forest East Area

at a glance Katy Area

Katy - Southeast Katy - Southwest

0

%

Change in Median Sales Price {2018 vs. 2017}

9

%

Change in Units Sold {2018 vs. 2017}

1,063 Total Units Sold

323

$

Median Sales Price

K

single family homes | Q3 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

-1%

0%

-

0%

9%

28%

$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 1,150

$361,500 $361,000

1,100

$360,500 $360,000

1,050

$359,500 1,000

$359,000 $358,500

950

$358,000 $357,500

900

$357,000 $356,500

850

2015

2016

2017

Average Sales Price

Q3 2018

Below $250K $250K - $350K $350K - $450K $450K and Up

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

256

24.1%

$54,137,105

14.2%

367

34.5%

$109,246,975

28.6%

234

22%

$92,405,754

24.2%

206

19.4%

$125,702,011

33%

Q3 2018 Houston Market Update | 16

single family homes | Q3 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

-5%

-6%

-

9%

10%

27%

$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 250

$1,400,000 $1,200,000

200

$1,000,000 150

$800,000 $600,000

100

$400,000 50

$200,000

0

$-

2015

2016

2017

Average Sales Price

Q3 2018

Below $500K $500K - $1M $1M - $1.5M $1.5M and Up 17 | Q3 2018 Houston Market Update

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

24

12.6%

$9,820,955

4.3%

72

37.9%

$52,670,103

23.2%

48

25.3%

$60,701,168

26.7%

46

24.2%

$104,146,920

45.8%

at a glance Memorial Area

Memorial Close In Memorial Villages Memorial West

9

%

Change in Median Sales Price {2018 vs. 2017}

10

%

Change in Units Sold {2018 vs. 2017}

190 Total Units Sold

1

$ M Median Sales Price

at a glance

Memorial Park / Washington Corridor Area Memorial Park

Rice Military / Washington Corridor Washington East / Sabine

-7

%

Change in Median Sales Price {2018 vs. 2017}

16

%

Change in Units Sold {2018 vs. 2017}

108 Total Units Sold

435

$

Median Sales Price

K

single family homes | Q3 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

-13%

-11%

-

-7%

16%

-7%

$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

$560,000

120 100

$540,000

80 $520,000 60 $500,000

40

$480,000

20

$460,000

0

2015

2016

2017

Average Sales Price

Q3 2018

Below $350K $350K - $450K $450K - $550K $550K and Up

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

19

17.6%

$6,064,000

11.3%

42

38.9%

$17,117,000

32%

17

15.7%

$8,361,747

15.6%

30

27.8%

$21,994,250

41.1%

Q3 2018 Houston Market Update | 20

single family homes | Q3 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

5%

-12%

-

-13%

37%

7%

$584,166

$459,776

79%

$358,000

148

107

$556,039

$524,844

94%

$409,500

108

100

$568,822

$527,303

93%

$416,075

122

79

$522,026

$491,095

94%

$425,000

136

47

Average Sales Price | Units Sold $540,000

160 140

$520,000

120 $500,000

100

$480,000

80 60

$460,000

40 $440,000

20

$420,000

0

2015

2016

2017

Average Sales Price

Q3 2018

Below $300K $300K - $400K $400K - $500K $500K and Up 21 | Q3 2018 Houston Market Update

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

56

37.8%

$13,773,899

20.2%

35

23.6%

$12,492,188

18.4%

21

14.2%

$9,398,950

13.8%

36

24.3%

$32,381,841

47.6%

at a glance Meyerland Area Braeswood Place Meyerland Area Willow Meadows Area

-13

%

Change in Median Sales Price {2018 vs. 2017}

37

%

Change in Units Sold {2018 vs. 2017}

148 Total Units Sold

358

$

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

4

%

Change in Median Sales Price {2018 vs. 2017}

2

%

Change in Units Sold {2018 vs. 2017}

964 Total Units Sold

239

$

Median Sales Price

K

single family homes | Q3 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

-1%

2%

-

4%

2%

12%

$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 $268,000

1,040

$266,000

1,020

$264,000

1,000

$262,000

980

$260,000

960

$258,000

940

$256,000

920

$254,000 $252,000

900

$250,000

880

2015

2016

2017

Average Sales Price

Q3 2018

Below $200K $200K - $250K $250K - $300K $300K and Up

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

281

29.1%

$47,932,801

18.7%

258

26.8%

$58,278,481

22.8%

157

16.3%

$43,163,158

16.9%

268

27.8%

$106,678,477

41.7%

Q3 2018 Houston Market Update | 24

single family homes | Q3 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

25%

29%

-

1%

32%

16%

$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 40

$2,500,000

35 $2,000,000

30 25

$1,500,000

20 $1,000,000

15 10

$500,000

5 $-

0

2015

2016

2017

Average Sales Price

Q3 2018

Below $1M $1M - $1.5M $1.5M - $2.5M $2.5M and Up 25 | Q3 2018 Houston Market Update

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

11

29.7%

$8,222,249

9.5%

5

13.5%

$6,931,780

8%

10

27%

$19,314,930

22.3%

11

29.7%

$52,234,500

60.2%

at a glance River Oaks Area Briar Hollow Greenway Plaza Highland Village / Midlane River Oaks Area Royden Oaks / Afton Oaks

1

%

Change in Median Sales Price {2018 vs. 2017}

32

%

Change in Units Sold {2018 vs. 2017}

37 Total Units Sold

1.7

$

M

Median Sales Price

at a glance River Oaks Proper

River Oaks

9

%

Change in Median Sales Price {2018 vs. 2017}

110

%

Change in Units Sold {2018 vs. 2017}

21 Total Units Sold

2.4

$

M

Median Sales Price

single family homes | Q3 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

29%

42%

-

9%

110%

93%

$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

Average Sales Price | Units Sold 25

$3,500,000 $3,000,000

20

$2,500,000 15

$2,000,000 $1,500,000

10

$1,000,000 5

$500,000

0

$-

2015

2016

2017

Average Sales Price

Q3 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 %

8

38.1%

$12,397,930

18.5%

3

14.3%

$6,805,000

10.2%

4

19%

$11,134,500

16.6%

6

28.6%

$36,700,000

54.7%

Q3 2018 Houston Market Update | 28

single family homes | Q3 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

9%

9%

-

1%

2%

21%

$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 $430,000

295

$420,000

290

$410,000

285

$400,000 $390,000

280

$380,000

275

$370,000

270

$360,000

265

$350,000

260

$340,000

2015

2016

2017

Average Sales Price

Q3 2018

Below $300K $300K - $400K $400K - $500K $500K and Up 29 | Q3 2018 Houston Market Update

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

102

35.1%

$23,574,047

19.4%

104

35.7%

$36,399,930

30%

30

10.3%

$13,191,050

10.9%

55

18.9%

$48,304,628

39.8%

at a glance Spring Branch Area

Spring Branch

1

%

Change in Median Sales Price {2018 vs. 2017}

2

%

Change in Units Sold {2018 vs. 2017}

291 Total Units Sold

340

$

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}

11

%

Change in Units Sold {2018 vs. 2017}

68 Total Units Sold

861

$

Median Sales Price

K

single family homes | Q3 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

-11%

-14%

-

1%

11%

-2%

$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

Average Sales Price | Units Sold $1,400,000

72

$1,200,000

70 68

$1,000,000

66

$800,000

64 $600,000

62

$400,000

60

$200,000

58

$-

56

2015

2016

2017

Average Sales Price

Q3 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 %

14

20.6%

$5,104,905

7.1%

27

39.7%

$19,995,875

27.7%

12

17.6%

$14,254,660

19.8%

15

22.1%

$32,753,250

45.4%

Q3 2018 Houston Market Update | 32

single family homes | Q3 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

-30%

-34%

-

-38%

-17%

-66%

$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

13

$3,000,000

12

$2,500,000

12

$2,000,000

11

$1,500,000

11

$1,000,000

10

$500,000

10 9

$-

2015

2016

2017

Average Sales Price

Q3 2018

Below $1.25M $1.25M - $1.75M $1.75M - $2.25M $2.25M and Up 33 | Q3 2018 Houston Market Update

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

2

20%

$1,651,575

9.6%

4

40%

$5,932,250

34.3%

1

10%

$2,025,000

11.7%

3

30%

$7,668,000

44.4%

at a glance Tanglewood Proper Tanglewood

-38

%

Change in Median Sales Price {2018 vs. 2017}

-17

%

Change in Units Sold {2018 vs. 2017}

10 Total Units Sold

1.6

$

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 {2018 vs. 2017}

3

%

Change in Units Sold {2018 vs. 2017}

2,552 Total Units Sold

268

$

Median Sales Price

K

single family homes | Q3 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

-1%

-1%

-

1%

3%

0%

$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 $335,000

2,600 2,580

$330,000

2,560 $325,000

2,540

$320,000

2,520 2,500

$315,000

2,480 $310,000

2,460

$305,000

2,440

2015

2016

2017

Average Sales Price

Q3 2018

Below $200K $200K - $300K $300K - $400K $400K and Up

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

588

23%

$98,040,360

11.7%

938

36.8%

$232,179,884

27.6%

476

18.7%

$166,152,736

19.8%

550

21.6%

$344,748,592

41%

Q3 2018 Houston Market Update | 36

single family homes | Q3 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

-7%

-8%

-

-7%

24%

-1%

$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

180

$420,000

160 140

$410,000

120

$400,000

100

$390,000

80

$380,000

60

$370,000

40

$360,000

20

$350,000

0

2015

2016

2017

Average Sales Price

Q3 2018

Below $250K $250K - $350K $350K - $450K $450K and Up 37 | Q3 2018 Houston Market Update

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

20

12.9%

$4,276,345

7%

65

41.9%

$19,330,535

31.8%

38

24.5%

$14,882,635

24.5%

32

20.6%

$22,279,060

36.7%

at a glance West Houston Area

Briargrove Park / Walnut Bend Energy Corridor Westchase Area

-7

%

Change in Median Sales Price {2018 vs. 2017}

24

%

Change in Units Sold {2018 vs. 2017}

155 Total Units Sold

340

$

Median Sales Price

K

at a glance West U / Southside Area

West University / Southside Area

5

%

Change in Median Sales Price {2018 vs. 2017}

-9

%

Change in Units Sold {2018 vs. 2017}

73 Total Units Sold

1.3

$

M

Median Sales Price

single family homes | Q3 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

6%

8%

-

5%

-9%

21%

$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

Average Sales Price | Units Sold $1,450,000

90

$1,400,000

85

$1,350,000 80 $1,300,000 75 $1,250,000 70

$1,200,000

65

$1,150,000

2015

2016

2017

Average Sales Price

2018 Total Units Sold

Q3 2018

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

Below $1M $1M - $1.5M $1.5M - $2M $2M and Up

18

24.7%

$14,759,370

14.2%

30

41.1%

$37,341,957

35.9%

15

20.5%

$24,907,400

23.9%

10

13.7%

$27,050,000

26%

Q3 2018 Houston Market Update | 40

Auctions 2018 Impressionist & Modern Art Evening Sale 12 November Impressionist & Modern Art Day Sale 13 November Contemporary Art Evening Auction 14 November Contemporary Art Day Auction 15 November Space Exploration 29 November History of Science & Technology 30 November Finest & Rarest Wines 1 December Magnificent Jewels 4 December Important Watches 5 December

Richard P. Feynman’s 1965 Nobel Prize Medal in Physics, for his contributions to creating a new quantum electrodynamics (QED).

Estimate $800,000–1,200,000 To be Sold in History of Science & Technology Auction in New York 30 November

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