Q3 2019 | Houston Market Update

Q3 | 2019

Houston

Market Update

River Oaks Area 1000 Kirby Drive | Offered at $20,000,000

sothebyshomes.com/1236585

Houston A Message from Marilyn Thompson

2 3

Bay Area

5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49

Bellaire Area Braeswood Place Cypress North Area Cypress South Area East End Revitalized Heights / Greater Heights

Katy Area Medical Center / Museum District Memorial Area Memorial Park / Washington Corridor Area Meyerland Area Montrose, River Oaks Shopping, Upper Kirby and Midtown

Northeast Houston Oak Forest East, Oak Forest West and Sheperd Park Plaza 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 Willow Meadows Area 2019 Q3 Houston Market Update | Index

240 MARSEILLE

Offered at $4,995,000 sothebyshomes.com/1238714 1937 SWIFT BOULEVARD

Offered at $2,175,000 sothebyshomes.com/1237531 7 WESTPOINT DRIVE

Offered at $1,995,000 sothebyshomes.com/1238091 1814 NANTUCKET DRIVE UNIT#A

Offered at $1,299,000 sothebyshomes.com/1239424 *in order from left to right, top to bottom

1 | 2019 Q3 Houston Market Update

a message from

Marilyn Thompson Houston President

This is an extraordinarily exciting time for Martha Turner Sotheby’s International Realty as our Houston headquarters moved locations to the spectacular Amegy Tower located at 1717 West Loop South near the Galleria.

We recently hosted a festive grand opening where over 500 guests were in attendance to share the momentous occasion. As we prepared this report from our new offices, we were excited to review the results of Houston’s third quarter performance.

The Houston economy continues to be strong, and we are continuing to expand our suite of tools and technology for our agents to support their clients.

If a neighborhood in the following report speaks to you, please be sure to send me a note. 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 1717 West Loop South, Suite 1700 | 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.

2019 Q3 Houston Market Update | 2

at a glance Bay Area

Clear Lake Area Friendswood

3

League City Pearland

%

Change in Median Sales Price {2019 vs. 2018}

11

%

Change in Units Sold {2019 vs. 2018}

1,908 Total Units Sold

274

K

$

BAY AREA CENTRAL SOUTHWEST

288

Median Sales Price

AREA

35

Street

8

00

3

59 EL LAGO

SHADOW CREEK RANCH

PEARLAND

SEABROOK

WEBSTER

KEMAH

FRIENDSWOOD

45

96 LEAGUE CITY

146

35 288

MANVEL

DICKINSON

6 ALVIN

3

45

6

single family homes | Q3 2019

Bay Area

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

4%

1%

-

3%

11%

5%

$322,582

$300,539

93%

$274,000

1,908

57

$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

$310,000

1,950 1,900

$300,000

1,850

$290,000

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

2018

2019

Average Sales Price

Q3 2019

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

Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

241

12.6%

$41,598,167

7.3%

488

25.6%

$111,697,528

19.5%

729

38.2%

$214,428,173

37.4%

450

23.6%

$205,704,099

35.9%

Q3 2019 Houston Market Update | 4

single family homes | Q3 2019

Bellaire Area

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

8%

7%

-

8%

-10%

-1%

$1,087,633

$996,587

92%

$930,000

66

133

$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

$1,020,000

100 90

$1,000,000

80

$980,000

70

$960,000

60 50

$940,000

40

$920,000

30 20

$900,000

10

$880,000

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $500K $500K - $750K $750K - $1M $1M and Up 5 | Q3 2019 Houston Market Update

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

13

19.7%

$5,336,500

8.1%

7

10.6%

$4,856,000

7.4%

17

25.8%

$14,964,425

22.8%

29

43.9%

$40,617,803

61.8%

at a glance Bellaire Area Bellaire Area

8

%

Change in Median Sales Price {2019 vs. 2018}

-10

%

Change in Units Sold {2019 vs. 2018}

66 Total Units Sold

930

K

$

BELLAIRE

Median Sales Price

AREA AREA

GREENWAY/ UPPER KIRBY WOODLAKE/ BRIAR MEADOW

Richmond Ave

69

59

Street

00 Bissonnet St

To llw ay

WEST UNIVERSITY PLACE

GULFTON

BELLAIRE

SOUTHSIDE PLACE

Bellaire Blvd

nn

et

St

610

dr en

Stella Link Rd

so

Avenue B

Hillcroft Ave

n Fo

B is

Buffalo Speedway

S Rice Ave

Chimney Rock Rd

Renwick Dr

69

Kirby Dr

We stp ark

W Holcombe Blvd

Rd

BRAESWOOD PLACE

90 Beechnut St

59

45

610

90

at a glance Braeswood Place Braeswood Place

38

%

Change in Median Sales Price {2019 vs. 2018}

-29

%

Change in Units Sold {2019 vs. 2018}

25 Total Units Sold

760

K

$

BRAESWOOD PLACE

Median Sales Price

nn

et

St

610

eda Rd

Fannin St

Kirby Dr

Stella Link Rd

O ak Rd

WESTBURY

Holly Hall St

610

vd oo d Bl

S Po st

Willowbend Blvd

BRAESWOOD PLACE

90

Beechnut St

Brae sw

W Holcombe Blvd

A lm

Newcastle Dr

so

Chimney Rock Rd

Hillcroft Ave

B ia

Buffalo Speedway

S Rice Ave

Renwick Dr

SOUTHSIDE PLACE

BELLAIRE

Bellaire Blvd

WEST UNIVERSITY PLACE

Kirby Dr

Weslayan St

Gulfton

WILLOW MEADOWS/ WILLOWBEND AREA

SOUTH MAIN Bellfort St

H o lm

es R

d

single family homes | Q3 2019

Braeswood Place

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

17%

17%

-

38%

-29%

59%

$946,145

$869,758

92%

$760,000

25

143

$808,024

$745,827

92%

$550,000

35

90

$1,084,681

$1,032,369

95%

$1,105,000

21

112

$929,937

$869,083

93%

$705,000

35

78

$808,591

$761,625

94%

$660,000

33

79

$1,200,000

Average Sales Price | Units Sold

40 35

$1,000,000

30 $800,000

25 20

$600,000

15

$400,000

10 $200,000

5 0

$-

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $500K $500K - $1M $1M - $1.5M $1.5M and Up

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

9

36.0%

$3,486,000

16.0%

6

24.0%

$4,322,000

19.9%

9

36.0%

$11,885,958

54.7%

1

4.0%

$2,050,000

9.4%

Q3 2019 Houston Market Update | 8

single family homes | Q3 2019

Cypress North Area

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

5%

5%

-

5%

25%

-14%

$318,382

$304,013

95%

$259,400

1,035

66

$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

$310,000

1,200

$300,000

1,000

$290,000

800

$280,000

600

$270,000

400

$260,000

200

$250,000

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $200K $200K - $300K $300K - $400K $400K and Up 9 | Q3 2019 Houston Market Update

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

199

19.2%

$34,793,021

11.1%

475

45.9%

$116,173,274

36.9%

179

17.3%

$62,314,459

19.8%

182

17.6%

$101,372,575

32.2%

at a glance

Cypress North Area Cypress North

5

Hockley Tomball

%

Change in Median Sales Price {2019 vs. 2018}

25

%

Change in Units Sold {2019 vs. 2018}

1,035 Total Units Sold

259

K

$

CYPRESS NORTH Median Sales Price

AREA

249

Street

THE WOODLANDS

45 HUFSMITH TOMBALL

99 SPRING

290 WALLER

KLEIN H a rd

HOCKLEY

Rd y To ll

CHAMPION FOREST

249

CYPRESS

45

WILLOWBROOK

99

290

8

at a glance Cypress South Area

Bear Creek South

8

Copperfield Area Cypress South

%

Change in Median Sales Price {2019 vs. 2018}

10

%

Change in Units Sold {2019 vs. 2018}

1,268 Total Units Sold

234

K

$

Median Sales Price

ROSE HILL PINE ISLAND

WALLER

99

290

KLEIN

HOCKLEY

CYRESS STATION

KOHRVILLE CHAMPION FOREST

45

249

CYPRESS

WILLOWBROOK

MONAVILLE

8

COPPERFIELD PLACE

JERSEY VILLAGE

99 8 PATTISON

ADDICKS

10

NORTHWEST HOUSTON

290

610

single family homes | Q3 2019

Cypress South Area

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

4%

5%

-

8%

10%

-34%

$276,089

$266,402

96%

$233,500

1,268

52

$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

$270,000

1,400

$260,000

1,200

$250,000

1,000

$240,000

800

$230,000

600

$220,000

400

$210,000

200

$200,000

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

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

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

418

33.0%

$72,022,065

21.3%

513

40.5%

$125,634,575

37.2%

202

15.9%

$69,193,479

20.5%

135

10.6%

$70,947,359

21.0%

Q3 2019 Houston Market Update | 12

single family homes | Q3 2019

East End Revitalized

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

5%

5%

-

13%

30%

-21%

$300,769

$281,569

94%

$292,495

118

76

$285,187

$268,731

94%

$259,000

91

97

$289,659

$267,043

92%

$299,900

81

72

$256,567

$241,505

94%

$251,500

88

85

$229,538

$217,912

95%

$215,000

73

59

Average Sales Price | Units Sold

$300,000

140 120

$250,000

100

$200,000

80 $150,000 60 $100,000

40

$50,000

20

$-

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $250K $250K - $500K $500K - $750K $750K and Up 13 | Q3 2019 Houston Market Update

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

40

33.9%

$6,522,500

19.6%

76

64.4%

$25,652,680

77.2%

2

1.7%

$1,050,000

3.2%

-

0.0%

$0

0.0%

at a glance

East End Revitalized

East End Revitalized

13

%

Change in Median Sales Price {2019 vs. 2018}

30

%

Change in Units Sold {2019 vs. 2018}

118 Total Units Sold

292

K

$

Median Sales Price

45 WASHINGTON AVE/ MEMORIAL PARK

69

8

10

10

RICE MILITARY

610

DOWNTOWN HOUSTON SECOND WARD

RIVER OAKS MONTROSE

UPTOWN GREENWAY/ UPPER KIRBY

MIDTOWN

EAST DOWNTOWN

69

GALENA PARK

LAWNDALE/ WAYSIDE HARRISBURG/ MANCHESTER

TEXAS MEDICAL CENTER

BELLAIRE

GREATER EAST END

90

225

WEST/SOUTH UNION

BRAESWOOD PLACE

90

610

MEADOWBROOK ALLENDALE

288

45

WILLIAM P. HOBBY AIRPORT

PASADENA

8

Copyright and credits: Visit Houston

at a glance Heights / Greater Heights

Heights / Greater Heights

7

%

Change in Median Sales Price {2019 vs. 2018}

12

%

Change in Units Sold {2019 vs. 2018}

370 Total Units Sold

510

K

$

HEIGHTS/GREATER HEIGHTS

Median Sales Price

INDEPENDENCE HEIGHTS

W 43rd St

Crosstimbers St

45

Bl

Dr

vd

610 a in

SHADY ACRES

Fu lto n

NM

W 20th St ps

te

ad

LAZYBROOK/ TIMBERGROVE

Rd

610

HEIGHTS/GREATER HEIGHTS

WASHINGTON AVE/ MEMORIAL PARK

Heights Blvd

W 11th St

ia l Dr

59

WOODLAND HEIGHTS

10

69 Wa shi ngt

M em or

NORTHSIDE VILLAGE Irvington Blvd

m

Studewood St

HILSHIRE VILLAGE

He

St

St

Long Point Rd

69

ll Rd y To

er

Ar ilin e

st

Yale St

Je

W 34th St

SPRING BRANCH EAST

H a rd

C

Ella Blvd

T

N Shepherd Dr

OAK FOREST/ GARDEN OAKS

Rosslyn Rd

290

on Ave

DOWNTOWN HOUSTON

10

single family homes | Q3 2019

Heights / Greater Heights

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

4%

3%

-

7%

12%

13%

$600,237

$577,836

96%

$510,000

370

81

$578,521

$559,398

97%

$477,000

330

72

$580,228

$536,699

92%

$472,500

302

95

$581,072

$550,987

95%

$477,450

328

110

$558,481

$533,601

96%

$467,500

363

90

Average Sales Price | Units Sold

$590,000

400

$580,000

350

$570,000

300

$560,000

250

$550,000

200

$540,000

150

$530,000

100

$520,000

50

$510,000

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $400K $400K - $600K $600K - $800K $800K and Up

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

100

27.0%

$36,016,694

16.8%

141

38.1%

$69,326,906

32.4%

76

20.5%

$52,189,318

24.4%

53

14.3%

$56,266,300

26.3%

Q3 2019 Houston Market Update | 16

single family homes | Q3 2019

Katy Area

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

1%

2%

-

1%

16%

-23%

$383,099

$364,677

95%

$326,440

1,229

78

$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

$366,000

1,400 1,200

$364,000

1,000

$362,000

800 $360,000 600 $358,000

400

$356,000

200

$354,000

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $250K $250K - $350K $350K - $450K $450K and Up 17 | Q3 2019 Houston Market Update

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

271

22.1%

$58,303,674

13.0%

437

35.6%

$130,181,801

29.0%

260

21.2%

$103,944,268

23.2%

261

21.2%

$155,758,710

34.8%

at a glance

Katy Area

Katy - Southeast Katy - Southwest

1

%

Change in Median Sales Price {2019 vs. 2018}

16

%

Change in Units Sold {2019 vs. 2018}

1,229 Total Units Sold

326

K

$

KATY AREA

Median Sales Price

Street

2855

90

10

10

ENERGY CORRIDOR

MASON PARK

1463

GEORGE BUSH PARK/ELDRIDGE CINCO RANCH

99

We stp ark

FULSHEAR

1093 359

723

To llw ay

1464 MISSION BEND

FOUR CORNERS

6

at a glance Medical / Museum District

Medical Center Area

-27

Rice / Museum District

%

Change in Median Sales Price {2019 vs. 2018}

7

%

Change in Units Sold {2019 vs. 2018}

81 Total Units Sold

539

K

$

Median Sales Price DOWNTOWN HOUSTON SECOND WARD

RIVER OAKS MONTROSE

UPTOWN GREENWAY/ UPPER KIRBY

MIDTOWN

69

90

EAST DOWNTOWN

GREATER EAST END

GREATER THIRD WARD

RICE / MUSEUM

LAWNDALE/ WAYSIDE

45 288

GULFTON

69 BELLAIRE

610

TEXAS MEDICAL CENTER

90

BRAESWOOD PLACE

WEST/SOUTH UNION

610

GOLF FEST WILLOW MEADOWS/ WILLOWBEND AREA

SOUTH MAIN SUNNYSIDE

288

90

single family homes | Q3 2019

Medical / Museum District

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

-11%

-10%

-

-27%

7%

-6%

$738,388

$691,302

94%

$539,000

81

95

$833,946

$767,999

92%

$737,000

76

101

$865,377

$806,576

93%

$642,500

60

87

$818,243

$750,768

92%

$620,000

86

78

$913,088

$843,813

92%

$632,000

75

72

Average Sales Price | Units Sold

$900,000

100

$800,000

90

$700,000

80 70

$600,000

60

$500,000

50

$400,000

40

$300,000

30

$200,000

20

$100,000

10

$-

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $400K $400K - $600K $600K - $800K $800K and Up

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

26

32.1%

$8,009,295

14.3%

21

25.9%

$10,632,792

19.0%

11

13.6%

$7,573,500

13.5%

23

28.4%

$29,779,880

53.2%

Q3 2019 Houston Market Update | 20

single family homes | Q3 2019

Memorial Area

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

-6%

-5%

-

-18%

26%

0%

$1,239,706

$1,132,483

91%

$825,000

239

121

$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

$1,400,000

300

$1,200,000

250

$1,000,000

200

$800,000 150 $600,000 100

$400,000

50

$200,000 $-

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $500K $500K - $1M $1M - $1.5M $1.5M and Up 21 | Q3 2019 Houston Market Update

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

30

12.6%

$12,615,700

4.7%

118

49.4%

$85,185,696

31.5%

43

18.0%

$51,575,630

19.1%

48

20.1%

$121,286,390

44.8%

at a glance Memorial Area

Memorial Close-In Memorial Villages

-18

Memorial West

%

Change in Median Sales Price {2019 vs. 2018}

26

%

Change in Units Sold {2019 vs. 2018}

239 Total Units Sold

825

K

$

MEMORIAL AREA Median Sales Price

NORTHWEST HOUSTON

ADDICKS

SPRING SHADOWS

290

6

610

SPRING BRANCH EAST

SPRING BRANCH WEST

LAZYBROOK/ TIMBERGROVE

ENERGY CORRIDOR

SPRING VALLEY VILLAGE

10

MEMORIAL CITY

MEMORIAL

10

HEDWIG VILLAGE

WASHINGTON AVE/ MEMORIAL PARK

HUNTERS CREEK VILLAGE

8

PINEY POINT VILLAGE

610

BRIARFOREST

RIVER OAKS

UPTOWN

6

WOODLAKE/ BRIAR MEADOW WESTCHASE We stp ark

To llw ay

GREENWAY/ UPPER KIRBY

69

WEST UNIVERSITY

Street

at a glance

Memorial Park / Washington Corridor Area Memorial Park

8

Rice Military / Washington Corridor Washington East / Sabine

%

Change in Median Sales Price {2019 vs. 2018}

18

%

Change in Units Sold {2019 vs. 2018}

127 Total Units Sold

470

K

$

MEMORIAL PARK AND RICE MILITARY Median Sales Price

AREA Street

45

Yale St

T C Je ste

WOODLAND HEIGHTS

00

r

59

10 Crockett St

MEMORIAL PARK Was hing ton Ave mo

r ia

lD

Westscott St

Me

r

610

Was hing ton Ave

RICE MILITARY

Allen Pkwy

W Dallas St

DOWNTOWN HOUSTON

ug hD r

Shepherd Dr

Kirby Dr

San Felipe St

HYDE PARK

Wa

RIVER OAKS

MONTORSE

Montrose Blvd

Gray St

45

45

6

single family homes | Q3 2019

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

{2019 v 2018}

Change 2019 2018 2017 2016 2015

9%

7%

-

8%

18%

-12%

$563,816

$529,444

94%

$470,000

127

94

$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

140 120

$560,000

100

$540,000

80 $520,000 60 $500,000

40

$480,000

20

$460,000

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

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

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

13

10.2%

$4,231,300

6.3%

44

34.6%

$18,090,750

26.9%

37

29.1%

$18,424,353

27.4%

33

26.0%

$26,492,975

39.4%

Q3 2019 Houston Market Update | 24

single family homes | Q3 2019

Meyerland Area

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

-20%

12%

-

23%

-20%

22%

$493,031

$453,403

92%

$399,000

55

141

$618,120

$403,657

65%

$325,000

69

115

$488,446

$457,465

94%

$404,500

50

101

$482,513

$440,149

91%

$397,750

48

70

$469,568

$437,788

93%

$412,500

68

38

Average Sales Price | Units Sold

$470,000

80

$460,000

70

$450,000

60

$440,000 $430,000

50

$420,000

40

$410,000

30

$400,000

20

$390,000 $380,000

10

$370,000

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $300K $300K - $400K $400K - $500K $500K and Up 25 | Q3 2019 Houston Market Update

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

13

23.6%

$3,385,667

13.6%

16

29.1%

$5,887,758

23.6%

11

20.0%

$4,881,500

19.6%

15

27.3%

$10,782,250

43.2%

at a glance Meyerland Area Meyerland Area

23

%

Change in Median Sales Price {2019 vs. 2018}

-20

%

Change in Units Sold {2019 vs. 2018}

55 Total Units Sold

399

K

$

MEYERLAND AREA Median Sales Price

Chimney Rock Rd

nn

et

BRAESWOOD PLACE

S Rice Ave

so

90

MEYERLAND AREA Brae sw

Fannin St

Kirby Dr

Beechnut St

BRAEBURN

610

vd oo d Bl

S Po st

Fondren Rd

WILLOW MEADOWS/ WILLOWBEND AREA

SOUTH MAIN

O ak Rd

Willowbend Blvd

Creekbend Dr

W Holcombe Blvd

610

St

Hillcroft Ave

B ia

SOUTHSIDE PLACE

BELLAIRE

Bellaire Blvd

69

Gessner Rd

H o lm

es R

d

WESTBURY Reed Rd W Bellfort Ave S

W

illo

w

Dr

SOUTHWEST HOUSTON

90

at a glance

Montrose, River Oaks Shopping, Upper Kirby and Midtown Midtown - Houston

15

Montrose

%

River Oaks Shopping Area Upper Kirby

Change in Median Sales Price {2019 vs. 2018}

-12

%

Change in Units Sold {2019 vs. 2018}

101 Total Units Sold

655

K

$

Median Sales Price

610

45

Was hing ton Ave Me

mo

ri a l

10

RICE MILITARY

Dr

Allen Pkwy

69

W Dallas St

Wa ug hD

Kirby Dr

r

San Felipe St

Montrose Blvd

W Gray St

RIVER OAKS

DOWNTOWN HOUSTON SECOND WARD Po lk

Shepherd Dr

Le e la

W Alabama St

Mc

Richmond Ave

E li

St n

St n

ab

Fa n

M

ai

69

Al

ni

Weslayan St

GREENWAY/ UPPER KIRBY

MIDTOWN

59 Wes tpar k Dr

University Blvd

Bissonnet St Greenbriar Dr

Buffalo Speedway

610

EAST DOWNTOWN

MONTROSE

Westheimer Rd

288 So

TEXAS MEDICAL CENTER

ut

hm

ou

St

re

Bl

vd

am

aS

g in

t

St

Go

we

nS

t

nd S t

45

single family homes | Q3 2019

Montrose, River Oaks Shopping, Upper Kirby and Midtown

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

2%

4%

-

15%

-12%

0%

$738,957

$707,742

96%

$655,000

101

123

$726,350

$681,466

94%

$568,000

115

123

$691,118

$651,224

94%

$560,000

89

146

$682,678

$638,608

94%

$616,000

99

143

$774,608

$725,028

94%

$659,000

98

87

Average Sales Price | Units Sold

$740,000

140

$720,000

120

$700,000

100

$680,000

80

$660,000 60

$640,000

40

$620,000 $600,000

20

$580,000

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $400K $400K - $600K $600K - $800K $800K and Up

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

9

8.9%

$3,212,100

4.5%

31

30.7%

$15,706,600

22.0%

33

32.7%

$22,630,871

31.7%

28

27.7%

$29,932,390

41.9%

Q3 2019 Houston Market Update | 28

single family homes | Q3 2019

Northeast Houston

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

6%

6%

-

6%

17%

-1%

$296,547

$281,614

95%

$254,900

1,125

78

$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

$285,000

1,150

$280,000

1,100

$275,000

1,050

$270,000 $265,000

1,000

$260,000

950

$255,000

900

$250,000

850

$245,000 $240,000

800

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $200K $200K - $250K $250K - $300K $300K and Up 29 | Q3 2019 Houston Market Update

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

237

21.1%

$41,080,512

13.0%

305

27.1%

$69,084,786

21.8%

212

18.8%

$57,769,381

18.2%

371

33.0%

$148,881,072

47.0%

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

6

%

Change in Median Sales Price {2019 vs. 2018}

17

%

Change in Units Sold {2019 vs. 2018}

1,125 Total Units Sold

255

K

$

NORTHEAST HOUSTON Median Sales Price

EGYPT PATTON VILLAGE SHENANDOAH

WOODBRANCH

THE WOODLANDS

NEW CANEY

PORTER HEIGHTS

45

321

RAYFORD TOMBALL

PORTER

99

WILLOW AVONAK

TIMBERLANE ACRES

SPRING KINGWOOD

EASTGATE

KLEIN CYPRESS STATION

H a rd

69

249

8

90 ALDINE

SUMMERWOOD

290 JERSEY VILLAGE

STILSON

HARMASTON

45

WILLOWBROOK

DYERSDALE MT HOUSTON

DAYTON

ATASCOCITA

HUMBLE

ll Rd y To

CHAMPION FOREST

HUFFMAN

8

CROSBY BARRETT

146

at a glance

Oak Forest / Shepherd Park Plaza Oak Forest East Area

15

Oak Forest West Area Shepherd Park Plaza Area

%

Change in Median Sales Price {2019 vs. 2018}

5

%

Change in Units Sold {2019 vs. 2018}

204 Total Units Sold

395

K

$

OAK FOREST EAST, OAK FOREST WEST AND SHEPARD PLACE Median Sales Price

Ella Blvd

T C Jester Blvd

Antoine Dr

Bingle Rd

FAIRBANKS/ NORTHWEST CROSSING

W Tidwell Rd

Yale St

Hollister St

Crosstimbers St

NORTHLINE

Pinemont Dr

He

m

ps

SHEPHERD PARK PLAZA AREA

W 43rd St Rd

290

N Shepherd Dr

ad

Rosslyn Rd

te

CENTAL NORTHWEST

45 INDEPENDENCE HEIGHTS

W 34th St

610

Wirt Rd

St

SPRING VALLEY VILLAGE

SHADY ACRES

a in

Bingle Rd

Long Point Rd

NM

SHEPHERD FOREST

SPRING BRANCH EAST

LAZYBROOK/ TIMBERGROVE

W 20th St

GREATER HEIGHTS

610

NEAR NORTHSIDE W 11th St

WOODLAND HEIGHTS

single family homes | Q3 2019

Oak Forest / Shepherd Park Plaza

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

13%

13%

-

15%

5%

-8%

$481,579

$455,178

95%

$395,000

204

83

$424,837

$403,337

95%

$343,000

195

90

$455,724

$416,595

91%

$370,000

159

86

$426,879

$402,354

94%

$354,900

197

81

$456,996

$431,703

94%

$335,000

167

70

Average Sales Price | Units Sold

$460,000

250

$450,000 200

$440,000 $430,000

150

$420,000 $410,000

100

$400,000 $390,000

50

$380,000 $370,000

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $400K $400K - $600K $600K - $800K $800K and Up

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

110

53.9%

$34,154,350

36.8%

53

26.0%

$24,357,951

26.2%

24

11.8%

$16,714,000

18.0%

17

8.3%

$17,629,936

19.0%

Q3 2019 Houston Market Update | 32

single family homes | Q3 2019

River Oaks Area

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

1%

-2%

-

18%

27%

37%

$2,618,521

$2,294,126

88%

$2,000,000

47

151

$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

$2,500,000

50 45

$2,000,000

40 35

$1,500,000

30 25

$1,000,000

20 15

$500,000

10 5

$-

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $1M $1M - $1.5M $1.5M - $2.5M $2.5M and Up 33 | Q3 2019 Houston Market Update

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

13

27.7%

$10,003,880

9.3%

5

10.6%

$6,023,089

5.6%

13

27.7%

$26,124,750

24.2%

16

34.0%

$65,672,204

60.9%

at a glance River Oaks Area Briar Hollow Greenway Plaza

18

Highland Village / Midlane

%

River Oaks Area Royden Oaks / Afton Oaks

Change in Median Sales Price {2019 vs. 2018}

27

%

Change in Units Sold {2019 vs. 2018}

47 Total Units Sold

2

$

M

RIVER OAKS AREA Median Sales Price

AREA Memorial Dr

Allen Pkwy

Street

S Post Oak Ln

W Dallas St

Gray St

Wa hD r

Shepherd Dr

Dunlavy St

MONTROSE Kirby Dr

Westheimer Rd

HYDE PARK River Oaks Blvd

Buffalo Speedway

Willowick Rd

Post Oak Blvd

UPTOWN

San Felipe St

610

ug

RIVER OAKS

Weslayan St

Sage Rd

W Alabama St

AFTON OAKS

69

GREENWAY/ UPPER KIRBY

Richmond Ave

59

69 59

BOULEVARD OAKS

at a glance River Oaks Proper

River Oaks

27

%

Change in Median Sales Price {2019 vs. 2018}

5

%

Change in Units Sold {2019 vs. 2018}

22 Total Units Sold

3

$

M

RIVER OAKS PROPER

Median Sales Price

AREA Memorial Dr

Allen Pkwy

Street

S Post Oak Ln

W Dallas St

Gray St

Wa hD r

Shepherd Dr

Dunlavy St

MONTROSE Kirby Dr

Westheimer Rd

HYDE PARK River Oaks Blvd

Buffalo Speedway

610

Willowick Rd

Post Oak Blvd

UPTOWN

San Felipe St

ug

RIVER OAKS

Weslayan St

Sage Rd

W Alabama St

AFTON OAKS

69

GREENWAY/ UPPER KIRBY

Richmond Ave

59

69 59

BOULEVARD OAKS

single family homes | Q3 2019

River Oaks Proper

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

8%

5%

-

27%

5%

45%

$3,877,182

$3,367,702

87%

$3,000,000

22

184

$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

$4,000,000

Average Sales Price | Units Sold

25

$3,500,000 20

$3,000,000 $2,500,000

15

$2,000,000 10

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

5

$500,000 $-

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $2M $2M - $2.5M $2.5M - $3.5M $3.5M and Up

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

4

18.2%

$5,457,000

7.4%

7

31.8%

$17,260,250

23.3%

5

22.7%

$17,766,149

24.0%

6

27.3%

$33,606,055

45.4%

Q3 2019 Houston Market Update | 36

single family homes | Q3 2019

Spring Branch Area

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

4%

4%

-

3%

15%

-5%

$456,376

$433,042

95%

$350,000

335

107

$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

$440,000

400 350

$420,000

300 $400,000

250 200

$380,000

150

$360,000

100 $340,000

50 0

$320,000

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $300K $300K - $400K $400K - $500K $500K and Up 37 | Q3 2019 Houston Market Update

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

107

31.9%

$24,360,569

16.8%

114

34.0%

$39,314,732

27.1%

37

11.0%

$16,510,429

11.4%

77

23.0%

$64,883,193

44.7%

at a glance Spring Branch Area

Spring Branch

3

%

Change in Median Sales Price {2019 vs. 2018}

15

%

Change in Units Sold {2019 vs. 2018}

335 Total Units Sold

350

K

$

SPRING BRANCH AREA Median Sales Price

AREA

6

Street

ACRES HOMES

8

261

45

GREATER INWOOD FAIRBANKS/ NORTHWEST CROSSING NORTHSIDE

290

NORTHWEST HOUSTON

ADDICKS

OAK FOREST/ GARDEN OAKS SPRING SHADOWS

610

SPRING BRANCH WEST

SPRING BRANCH EAST

6 ENERGY CORRIDOR

10 MEMORIAL

MEMORIAL CITY

8

SPRING VALLEY VILLAGE

GREATER HEIGHTS LAZYBROOK/ TIMBERGROOVE

HEDWIG VILLAGE HUNTERS CREEK VILLAGE

WASHINGTON 10 AVE./ MEMORIAL PARK

610

RICE MILITARY

at a glance Tanglewood / Galleria Area Briargrove

-5

Charnwood / Briarbend Galleria

%

Tanglewood Area

Change in Median Sales Price {2019 vs. 2018}

13

%

Change in Units Sold {2019 vs. 2018}

77 Total Units Sold

820

K

$

TANGLEWOOD AREA

Median Sales Price

10

Memorial Dr

Hedwig Rd

BUNKER HILL VILLAGE

RICE MILITARY

TANGLEWOOD

M em

Memorial Dr

o ri al

Dr

610

RIVER OAKS UPTOWN

AFTON OAKS

S Piney Point Rd

Richmond Ave

Weslayan St

GALLERIA

W Alabama St

GREENWAY/ UPPER KIRBY

69 Wes tpa rk Dr

We stp ark

To llw ay

69

B is

so

nn

et

St

WEST UNIVERSITY PLACE

Kirby Dr

Sage Rd

Westheimer Rd

Chimney Rock Rd

San Felipe St

Briar Forest Dr

WOODLAKE/ BRIAR MEADOW

S Post Oak Ln

Bering Dr

Blalock Rd

Voss Rd

PINEY POINT VILLAGE

Street

HUNTERS CREEK VILLAGE

Woodway Dr

Memorial Dr

AREA

WASHINGTON AVE./ MEMORIAL PARK Piney Point Rd

Gessner Rd

Bunker Hill Road

HEDWIG VILLAGE

single family homes | Q3 2019

Tanglewood / Galleria Area

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

-2%

3%

-

-5%

13%

-13%

$1,170,534

$1,092,304

93%

$820,000

77

127

$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

$1,400,000

Average Sales Price | Units Sold

90 80

$1,200,000

70

$1,000,000

60

$800,000

50

$600,000

40 30

$400,000

20

$200,000

10

$-

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $500K $500K - $1M $1M - $1.5M $1.5M and Up

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

7

9.1%

$2,554,000

3.0%

45

58.4%

$33,066,180

39.3%

6

7.8%

$6,917,750

8.2%

19

24.7%

$41,569,503

49.4%

Q3 2019 Houston Market Update | 40

single family homes | Q3 2019

Tanglewood Proper

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

27%

37%

-

47%

-10%

92%

$2,595,322

$2,362,972

91%

$2,385,000

9

176

$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

14

$3,000,000

12

$2,500,000

10

$2,000,000

8

$1,500,000

6

$1,000,000

4

$500,000

2

$-

0

2015

2016

2017

2018

Average Sales Price

2019 Total Units Sold

Q3 2019

Units Sold

Units Sold %

Total Sales Volume

Below $2M $2M - $2.5M $2.5M - $3M $3M and Up

4

44.4%

$5,576,750

26.2%

2

22.2%

$4,915,000

23.1%

3

33.3%

$10,775,000

50.7%

-

0.0%

$0

0.0%

41 | Q3 2019 Houston Market Update

Total Sales Volume %

at a glance Tanglewood Proper Tanglewood

47

%

Change in Median Sales Price {2019 vs. 2018}

-10

%

Change in Units Sold {2019 vs. 2018}

9 Total Units Sold

2.4

M

$

TANGLEWOOD PROPER AREA Median Sales Price

Beinhorn Rd Street

HUNTER CREEK VILLAGE

or

ia

lD

r

Voss Rd

Hedwig Rd

THE VILLIAGES

M

em

Piney Point Rd

MEMORIAL PARK

Woodway Dr Greenbay St

PINEY POINT VILLAGE

gl ew oo d Rd

S Post Oak Ln

Sage Rd

n Ta

Bering Dr

Fountain View Dr

Chimney Rock Rd

610

Post Oak Blvd

Willowick Rd

San Felipe St

at a glance The Woodlands and North Area Champions Area

5

Lake Conroe Area Magnolia / 1488 East

%

Magnolia / 1488 West Spring Northeast Spring / Klein

Change in Median Sales Price {2019 vs. 2018}

The Woodlands

24

%

Change in Units Sold {2019 vs. 2018}

3,154 Total Units Sold

281

K

$

WOODLANDS AREA

Median Sales Price

ROANS PRAIRIE

90

6

NEW WAVERLY

RICHARDS

150

AREA

59

150

WAVERLY

APOLONIA ANDERSON

MILLICAN

GOODRICH

COLDSPRING

75

Street

SHEBHERD

45 WILLIS HIGHTOWER

MONTGOMERY

NAVASOTA

105

BOBVILLE

CLEVELAND

PLANTERSVILLE

CONROE

WHITEHALL TODD MISSION

PINEHURST FIELDS STORE

249

HEMPSTEAD

BUCKHORN

159

SPLENDORA

242 THE WOODLANDS

HUFSMITH

WALLER

290

99

99

PATTON VILLAGE

321

NEW CANEY PORTER

TOMBALL

PRAIRIE VIEW PINE ISLAND

69

GRANGERLAND EGYPT

MAGNOLIA

6

SPRING

EASTGATE HUFFMAN

HOCKLEY

45 CYPRESS

105

HUMBLE

ATASCOCITA

single family homes | Q3 2019

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

{2019 v 2018}

Change 2019 2018 2017 2016 2015

4%

4%

-

5%

24%

-16%

$361,743

$342,408

95%

$281,391

3,154

79

$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

$345,000

3,500

$340,000

3,000

$335,000 2,500

$330,000 $325,000

2,000

$320,000

1,500

$315,000

1,000

$310,000

500

$305,000 $300,000

0

2015

2016

2017

2018

2019

Average Sales Price

Q3 2019

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

Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

601

19.1%

$101,610,847

9.4%

1,163

36.9%

$287,558,904

26.6%

632

20.0%

$219,415,862

20.3%

758

24.0%

$471,370,594

43.6%

Q3 2019 Houston Market Update | 44

single family homes | Q3 2019

West Houston Area

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

-5%

-3%

-

-3%

15%

2%

$403,048

$380,238

94%

$330,000

179

102

$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

200 180

$420,000

160

$410,000

140

$400,000

120

$390,000

100 80

$380,000

60

$370,000

40

$360,000

20

$350,000

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $250K $250K - $350K $350K - $450K $450K and Up 45 | Q3 2019 Houston Market Update

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

28

15.6%

$6,147,545

9.0%

77

43.0%

$23,234,078

34.1%

41

22.9%

$16,130,894

23.7%

33

18.4%

$22,550,071

33.1%

at a glance West Houston Area

Briargrove Park / Walnut Bend

-3

Energy Corridor Westchase Area

%

Change in Median Sales Price {2019 vs. 2018}

15

%

Change in Units Sold {2019 vs. 2018}

179 Total Units Sold

330

K

$

WEST HOUSTON AREA Median Sales Price

10

MEMORIAL CITY Wilcrrest Dr

8

Dairy Ashford Rd

Eldridge Pkwy

6

BUNKER HILL VILLAGE

PINEY POINT VILLAGE

Briar Forest Dr Memorial Dr

BRIAR FOREST

1093

Westheimer Rd

Westheimer Rd

Me ado wg Synott Rd

len Ln

Richmond Ave

Westp ark Dr

6

Street

Hedwig Rd

Memorial Dr

AREA HEDWIG VILLAGE

Piney Point Rd

Gessner Rd

Kirkwood Rd

MEMORIAL

10

Bunker Hill Rd

ENERGY CORRIDOR

WESTCHASE

8

Harwin Dr

at a glance West U / Southside Area

West University / Southside Area

-4

%

Change in Median Sales Price {2019 vs. 2018}

14

%

Change in Units Sold {2019 vs. 2018}

83 Total Units Sold

1.3

M

$

WEST U / SOUTHSIDE

Median Sales Price

Sage Rd

AREA

610

Richmond Ave

GREENWAY/ UPPER KIRBY

59

Street

59

69 BELLAIRE JUNCTION

69

We stp ark

BOULEVARD OAKS

Dr

Bissonet St

SOUTHAMPTON

ne

tS

WEST UNIVERSITY PLACE

t

610

SOUTHSIDE PLACE

Kirby Dr

Buffalo Speedway

BELLAIRE

Su

nse

tB

lvd

University Blvd

Newcasle Dr

S Rice Ave Bellaire Blvd

on

Weslayan St

s B is

Fournace Pl

UNIVERSITY PLACE

W Holcombe Blvd

SOUTHGATE

TEXAS MEDICAL CENTER

single family homes | Q3 2019

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

{2019 v 2018}

Change 2019 2018 2017 2016 2015

-3%

-4%

-

-4%

14%

-6%

$1,436,954

$1,362,846

95%

$1,250,000

83

82

$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

$1,450,000

Average Sales Price | Units Sold

90

$1,400,000

85

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

$1,200,000 $1,150,000

65

2015

2016

2017

2018

Average Sales Price

2019 Total Units Sold

Q3 2019

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

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

19

22.9%

$14,405,575

12.7%

37

44.6%

$45,597,138

40.3%

19

22.9%

$32,733,000

28.9%

8

9.6%

$20,380,466

18.0%

Q3 2019 Houston Market Update | 48

single family homes | Q3 2019

Willow Meadows Area

Avg. List Price

Avg. Sales Price

Sales Price Median vs List Price Sales Price

Total Avg. Days Units Sold on Market

{2019 v 2018}

Change 2019 2018 2017 2016 2015

-4%

-2%

-

2%

11%

27%

$338,175

$312,354

92%

$300,000

49

137

$352,849

$320,241

91%

$293,500

44

108

$347,341

$327,841

94%

$290,000

37

91

$350,971

$327,844

93%

$316,800

39

92

$353,757

$339,590

96%

$345,000

35

35

Average Sales Price | Units Sold

$345,000

60

$340,000 50

$335,000 $330,000

40

$325,000 $320,000

30

$315,000 20

$310,000 $305,000

10

$300,000 $295,000

0

2015

2016

2017

2018

Average Sales Price

Q3 2019

Below $250K $250K - $350K $350K - $450K $450K and Up 49 | Q3 2019 Houston Market Update

2019 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

9

18.4%

$1,961,900

12.8%

25

51.0%

$7,278,160

47.6%

14

28.6%

$5,580,298

36.5%

1

2.0%

$485,000

3.2%

at a glance

Willow Meadows Area Willow Meadows Area

2

%

Change in Median Sales Price {2019 vs. 2018}

11

%

Change in Units Sold {2019 vs. 2018}

49 Total Units Sold

300

K

$

WILLIOW MEADOWS AREA Median Sales Price

so

nn

et

St

A lm eda Rd Holly Hall St

610

vd oo d Bl

S Po st

Fondren Rd

O ak Rd

Willowbend Blvd

Creekbend Dr

Fannin St

Brae sw

90 Kirby Dr

BRAEBURN

Stella Link Rd

Chimney Rock Rd

S Rice Ave

Beechnut St

BRAESWOOD PLACE

Buffalo Speedway

Hillcroft Ave

610

Newcastle Dr

B ia

Weslayan St

Renwick Dr

69

WILLOW MEADOWS/ WILLOWBEND AREA

SOUTH MAIN

H o lm

es R

d

Bellfort St

WESTBURY Reed Rd W Bellfort Ave S

W

illo

w

Dr

SOUTHWEST HOUSTON

90

288

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