Houston Market Update | Q4 2018

2018

Houston

Market Update

HOUSTON 2041 Claremont Lane| Offered at $5,250,000

sothebyshomes.com/1238910

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 Houston Market Update | Index

3207 VIRGINIA STREET

Offered at $3,375,000 sothebyshomes.com/1239332 2715 SILVERHORN DRIVE

Offered at $2,000,000 sothebyshomes.com/1241906 5301 POCAHONTAS STREET

Offered at $1,049,000 sothebyshomes.com/1238983 1626 VERMONT STREET

Offered at $719,000 sothebyshomes.com/1238412 *in order from left to right, top to bottom

1 | 2018 Houston Market Update

a message from

Marilyn Thompson Houston President

At Martha Turner Sotheby’s International Realty, we have always been proponents of each sale being equal in importance regardless of the price. As you look at the performance of the different neighborhoods in the following pages, we work with buyers at all price points to find their luxurious property, while promoting homes of all sellers through our extensive network.

With 2018 now behind us (next year, Texans!), I am excited to get into the Spring market and work with you to find your place in this town. Whether selling, buying, or just exploring, talking real estate is what our passion is. Houston is coming off a strong jobs creation year according to Greater Houston Partnership.

We will watch all reports, so we can advise you on the best strategy that works for you.

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 © 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.

2018 Houston Market Update | 2

at a glance Bay Area Clear Lake Area Friendswood League City Pearland

4

%

Change in Median Sales Price {2018 vs. 2017}

1

%

Change in Units Sold {2018 vs. 2017}

6,150 Total Units Sold

265

$

Median Sales Price

K

single family homes | 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%

-

4%

1%

7%

$304,478

$290,921

96%

$265,000

6,150

62

$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

Average Sales Price | Units Sold $295,000

6,400

$290,000

6,350

$285,000

6,300

$280,000

6,250

$275,000

6,200

$270,000

6,150

$265,000

6,100

$260,000 $255,000

6,050

$250,000

6,000

$245,000

5,950

$240,000

5,900

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

1,160

18.9%

$196,077,853

11.0%

1,518

24.7%

$345,418,561

19.3%

2,229

36.2%

$656,283,178

36.7%

1,243

20.2%

$591,382,477

33.1%

2018 Houston Market Update | 4

single family homes | 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

-5%

-6%

-

-5%

2%

22%

$971,548

$887,668

91%

$847,500

269

126

$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

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

275

$980,000

270

$960,000

265

$940,000

260

$920,000

255

$900,000

250

$880,000

245

$860,000

240

$840,000

235

$820,000

230

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

65

24.2%

$25,971,793

10.9%

46

17.1%

$28,541,437

12.0%

75

27.9%

$67,204,710

28.1%

83

30.9%

$117,064,782

49.0%

at a glance Bellaire Area Bellaire Area

-5

%

Change in Median Sales Price {2018 vs. 2017}

2

%

Change in Units Sold {2018 vs. 2017}

269 Total Units Sold

848

$

Median Sales Price

K

at a glance Cypress North Area Cypress North Hockley Tomball

4

%

Change in Median Sales Price {2018 vs. 2017}

-2

%

Change in Units Sold {2018 vs. 2017}

2,865 Total Units Sold

245

$

Median Sales Price

K

single family homes | 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

3%

5%

-

4%

-2%

11%

$301,882

$287,041

95%

$245,000

2,865

88

$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

Average Sales Price | Units Sold $290,000

3,000

$285,000

2,900 2,800

$280,000

2,700

$275,000

2,600 $270,000

2,500

$265,000

2,400

$260,000

2,300

$255,000

2,200

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

691

24.1%

$116,004,792

14.1%

1,238

43.2%

$300,146,111

36.5%

503

17.6%

$172,917,386

21.0%

433

15.1%

$233,304,950

28.4%

2018 Houston Market Update | 8

single family homes | 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

6%

7%

-

5%

-1%

17%

$264,469

$252,013

95%

$220,000

4,053

81

$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

Average Sales Price | Units Sold $260,000

4,200 4,100

$250,000

4,000

$240,000

3,900 3,800

$230,000

3,700

$220,000

3,600 3,500

$210,000

3,400

$200,000

3,300

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

1,596

39.4%

$268,789,224

26.3%

1,576

38.9%

$384,279,127

37.6%

498

12.3%

$170,871,195

16.7%

383

9.4%

$197,467,553

19.3%

at a glance Cypress South Area Bear Creek South Copperfield Area Cypress South

5

%

Change in Median Sales Price {2018 vs. 2017}

-1

%

Change in Units Sold {2018 vs. 2017}

4,053 Total Units Sold

220

$

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

-5

%

Change in Median Sales Price {2018 vs. 2017}

6

%

Change in Units Sold {2018 vs. 2017}

1,029 Total Units Sold

430

$

Median Sales Price

K

single family homes | 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%

-2%

-

-5%

6%

8%

$609,885

$570,548

94%

$429,900

1,029

111

$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

Average Sales Price | Units Sold $600,000

1,040

$595,000

1,020

$590,000

1,000 980

$585,000

960

$580,000

940

$575,000

920

$570,000

900

$565,000

880

$560,000

860

$555,000

840

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

163

15.8%

$27,181,274

4.6%

424

41.2%

$151,633,074

25.8%

207

20.1%

$127,159,035

21.7%

235

22.8%

$281,120,431

47.9%

2018 Houston Market Update | 12

single family homes | 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

7%

7%

-

5%

4%

-3%

$557,713

$530,152

95%

$451,000

1,987

92

$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

Average Sales Price | Units Sold $540,000

2,050

$530,000

2,000 1,950

$520,000

1,900

$510,000

1,850

$500,000

1,800

$490,000

1,750 1,700

$480,000

1,650

$470,000

1,600

$460,000

1,550

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

736

37.0%

$234,470,677

22.3%

692

34.8%

$337,538,938

32.0%

298

15.0%

$206,593,917

19.6%

261

13.1%

$274,809,401

26.1%

Copyright and credits: Visit Houston

at a glance Greater Heights Area Heights / Greater Heights Oak Forest East Area Oak Forest West Area Shepherd Park Plaza Area

5

%

Change in Median Sales Price {2018 vs. 2017}

4

%

Change in Units Sold {2018 vs. 2017}

1,987 Total Units Sold

451

$

K

Median Sales Price

at a glance Katy Area Katy - Southeast Katy - Southwest

2

%

Change in Median Sales Price {2018 vs. 2017}

1

%

Change in Units Sold {2018 vs. 2017}

3,684 Total Units Sold

320

$

Median Sales Price

K

single family homes | 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

-3%

1%

-

2%

1%

11%

$370,582

$351,703

95%

$320,000

3,684

98

$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

Average Sales Price | Units Sold $365,000

3,800

$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

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

928

25.2%

$196,337,431

15.2%

1,252

34.0%

$372,242,922

28.7%

826

22.4%

$325,866,397

25.2%

678

18.4%

$401,226,054

31.0%

2018 Houston Market Update | 16

single family homes | 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

-2%

-4%

-

0%

6%

12%

$1,244,782

$1,126,856

91%

$850,000

754

118

$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

Average Sales Price | Units Sold $1,300,000

800 700

$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

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

137

18.2%

$53,268,440

6.3%

297

39.4%

$210,099,278

24.7%

142

18.8%

$177,997,378

20.9%

178

23.6%

$408,284,390

48.1%

at a glance Memorial Area Memorial Close-In Memorial Villages Memorial West

0

%

Change in Median Sales Price {2018 vs. 2017}

6

%

Change in Units Sold {2018 vs. 2017}

754 Total Units Sold

850

$

Median Sales Price

K

at a glance Memorial Park / Washington Corridor Area Memorial Park Rice Military / Washington Corridor Washington East / Sabine

1

%

Change in Median Sales Price {2018 vs. 2017}

7

%

Change in Units Sold {2018 vs. 2017}

419 Total Units Sold

445

$

Median Sales Price

K

single family homes | 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

2%

3%

-

1%

7%

-1%

$572,438

$543,458

95%

$445,000

419

121

$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

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

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

61

14.6%

$19,375,100

8.5%

158

37.7%

$64,381,676

28.3%

84

20.0%

$41,363,676

18.2%

116

27.7%

$102,588,448

45.1%

2018 Houston Market Update | 20

single family homes | 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

-3%

-9%

-

-9%

9%

4%

$504,057

$439,803

87%

$339,750

590

107

$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

Average Sales Price | Units Sold $520,000

700

$500,000

600 500

$480,000

400 $460,000 300 $440,000

200

$420,000

100

$400,000

0

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

243

41.2%

$60,393,417

23.3%

133

22.5%

$47,161,788

18.2%

85

14.4%

$37,991,839

14.6%

129

21.9%

$113,936,552

43.9%

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

-9

%

Change in Median Sales Price {2018 vs. 2017}

9

%

Change in Units Sold {2018 vs. 2017}

590 Total Units Sold

340

$

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

2

%

Change in Median Sales Price {2018 vs. 2017}

-1

%

Change in Units Sold {2018 vs. 2017}

3,385 Total Units Sold

240

$

Median Sales Price

K

single family homes | 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

0%

1%

-

2%

-1%

2%

$281,504

$267,542

95%

$240,000

3,385

84

$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

Average Sales Price | Units Sold $270,000

3,460

$268,000

3,450

$266,000

3,440

$264,000

3,430

$262,000

3,420

$260,000

3,410

$258,000

3,400

$256,000

3,390

$254,000

3,380

$252,000

3,370

$250,000

3,360

$248,000

3,350

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

940

27.8%

$160,157,158

17.7%

939

27.7%

$212,921,040

23.5%

573

16.9%

$157,366,992

17.4%

933

27.6%

$375,183,105

41.4%

2018 Houston Market Update | 24

single family homes | 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

16%

17%

-

26%

15%

15%

$2,395,919

$2,158,826

90%

$1,870,688

160

131

$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

Average Sales Price | Units Sold $2,200,000

180 160

$2,100,000

140

$2,000,000

120 100

$1,900,000

80

$1,800,000

60 40

$1,700,000

20

$1,600,000

0

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

38

23.8%

$30,458,229

8.8%

26

16.3%

$32,869,830

9.5%

51

31.9%

$102,006,701

29.5%

45

28.1%

$180,077,340

52.1%

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

26

%

Change in Median Sales Price {2018 vs. 2017}

15

%

Change in Units Sold {2018 vs. 2017}

160 Total Units Sold

1.9

$

M

Median Sales Price

at a glance River Oaks Proper River Oaks

12

%

Change in Median Sales Price {2018 vs. 2017}

13

%

Change in Units Sold {2018 vs. 2017}

60 Total Units Sold

2.5

$

M

Median Sales Price

single family homes | 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

1%

3%

-

12%

13%

40%

$3,190,032

$2,842,941

89%

$2,450,000

60

145

$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

Average Sales Price | Units Sold $3,200,000

70

$3,100,000

60

$3,000,000

50

$2,900,000

40

$2,800,000

30

$2,700,000

20

$2,600,000

10

$2,500,000

0

2015

2016

2017

Average Sales Price

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 %

9

15.0%

$13,874,925

8.1%

9

15.0%

$18,316,200

10.7%

24

40.0%

$59,573,945

34.9%

18

30.0%

$78,811,395

46.2%

2018 Houston Market Update | 28

single family homes | 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

8%

8%

-

4%

-4%

17%

$440,494

$417,392

95%

$342,000

1,098

120

$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

Average Sales Price | Units Sold $430,000

1,200

$420,000

1,000

$410,000 800

$400,000 $390,000

600

$380,000

400

$370,000 200

$360,000 $350,000

0

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

357

32.5%

$82,560,459

18.0%

396

36.1%

$137,918,366

30.1%

120

10.9%

$53,151,103

11.6%

225

20.5%

$184,666,769

40.3%

at a glance Spring Branch Area Spring Branch

4

%

Change in Median Sales Price {2018 vs. 2017}

-4

%

Change in Units Sold {2018 vs. 2017}

1,098 Total Units Sold

342

$

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}

-6

%

Change in Units Sold {2018 vs. 2017}

266 Total Units Sold

843

$

Median Sales Price

K

single family homes | 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

-9%

-10%

-

-1%

-6%

4%

$1,154,890

$1,041,178

90%

$842,500

266

156

$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

Average Sales Price | Units Sold $1,250,000

290

$1,200,000

280 270

$1,150,000

260 $1,100,000 250 $1,050,000

240

$1,000,000

230

$950,000

220

2015

2016

2017

Average Sales Price

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 %

48

18.0%

$18,297,445

6.6%

113

42.5%

$82,090,495

29.6%

52

19.5%

$64,784,256

23.4%

53

19.9%

$111,781,250

40.4%

2018 Houston Market Update | 32

single family homes | 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

-23%

-23%

-

-22%

-34%

-19%

$2,053,140

$1,837,382

89%

$1,730,000

35

164

$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

Average Sales Price | Units Sold $3,000,000

60

$2,500,000

50

$2,000,000

40

$1,500,000

30

$1,000,000

20

$500,000

10

$-

0

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

2

5.7%

$2,313,700

3.6%

9

25.7%

$13,189,456

20.5%

12

34.3%

$20,332,000

31.6%

12

34.3%

$28,473,200

44.3%

at a glance Tanglewood Proper Tanglewood

-22

%

Change in Median Sales Price {2018 vs. 2017}

-34

%

Change in Units Sold {2018 vs. 2017}

35 Total Units Sold

1.7

$

M

Median Sales Price

at a glance The Woodlands and North Area

Magnolia / 1488 East

4

Magnolia / 1488 West

Change in Median Sales Price

Champions Area Lake Conroe Area

Spring Northeast Spring/Klein The Woodlands

%

{2018 vs. 2017}

2

%

Change in Units Sold {2018 vs. 2017}

9,277 Total Units Sold

267

$

Median Sales Price

K

single family homes | 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

0%

2%

-

4%

2%

2%

$347,767

$328,811

95%

$267,000

9,277

103

$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

Average Sales Price | Units Sold 9,400

$330,000

9,200

$325,000

9,000 $320,000

8,800 8,600

$315,000

8,400 $310,000

8,200 8,000

$305,000

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

2,196

23.7%

$360,843,016

11.8%

3,397

36.6%

$839,416,583

27.5%

1,648

17.8%

$571,112,905

18.7%

2,036

21.9%

$1,279,009,701

41.9%

2018 Houston Market Update | 36

single family homes | 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

-5%

-5%

-

-6%

8%

0%

$410,362

$380,535

93%

$334,250

596

97

$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

Average Sales Price | Units Sold $420,000

620

$410,000

600 580

$400,000

560 $390,000 540 $380,000

520

$370,000

500

$360,000

480

2015

2016

2017

Average Sales Price

2018

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

2018 Total Units Sold

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

88

14.8%

$19,095,670

8.4%

256

43.0%

$76,888,409

33.9%

130

21.8%

$50,806,389

22.4%

122

20.5%

$80,008,352

35.3%

at a glance West Houston Area Briargrove Park / Walnut Bend Energy Corridor Westchase Area

-6

%

Change in Median Sales Price {2018 vs. 2017}

8

%

Change in Units Sold {2018 vs. 2017}

596 Total Units Sold

334

$

Median Sales Price

K

at a glance West U / Southside Area West University / Southside Area

3

%

Change in Median Sales Price {2018 vs. 2017}

-1

%

Change in Units Sold {2018 vs. 2017}

290 Total Units Sold

1.3

$

M

Median Sales Price

single family homes | 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

5%

5%

-

3%

-1%

-5%

$1,468,403

$1,403,903

96%

$1,271,230

290

91

$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

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

300 295

$1,400,000

290

$1,350,000

285 280

$1,300,000

275

$1,250,000

270 265

$1,200,000

260

$1,150,000

255

2015

2016

2017

Average Sales Price

2018 Total Units Sold

2018

Units Sold

Units Sold %

Total Sales Volume

Total Sales Volume %

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

76

26.2%

$58,450,689

14.4%

119

41.0%

$148,602,480

36.5%

58

20.0%

$97,672,212

24.0%

37

12.8%

$102,406,457

25.2%

2018 Houston Market Update | 40

Exceptional Diamonds. Curated by Sotheby’s.

LONDON HONG KONG NEW YORK. SOTHEBYSDIAMONDS.COM