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What do tea leaves tell us about the Real Estate Market in The Woodlands, Texas?
Sales Down 26.24% and Listing Inventory UP 15.46% Written Contracts for the month of July, based on current velocity, are projected to total 222 Listings Pended or Placed Under Contract. Last July (2007) there were 301 Listings Pended or Placed Under Contract. The difference is 26.24%. 26.24% fewer listing placed under contract than last year at the same time. What else you should know. From here, sales will slow through February of 2009. Historically (see graph) the total number of contracts written per month declines. School begins anew, the holiday season kicks off and seasonally there are simply fewer buyers in the market place. Also, we expect that "For Sale" listing inventory will ebb for the same reasons. Sellers: Now is the time to make adjustments. Staging, merchandising, painting, interior and exterior cosmetic enhancements and price adjustments should be made now. The longer you wait, the harder it will become to sell your property. Want to sell your property? Take action now. Buyers: The selection of inventory is healthy, interest rates are expected to climb. Yes there are fewer sales than last year, but The Woodlands and Houston real estate markets are not even in the same solar system as Florida, Arizona or California. Real estate markets are local, forget the national news, study local conditions. SOLD prices have NOT declined, prices have actually appreciated. It's not expected to change. When you find what you like, take action, buy it. Realtors: Listing Inventory is up, sales are down. To thrive in this market will require extra effort and actions, actions that are dramatic and remarkable. More marketing, more connecting, more follow through, more follow up, more communication, more patience, more networking, more service. Time to step up everything, puny milk toast performance will be wheeled to curb like those big brown trash cans. If I can support your efforts to shine remarkably, let me know. Want more market data: Months Supply Of Inventory, Average List Price To Sales Price Percentages, Days On Market, Average Sold Prices - Click HERE for all the gritty details Want more economic news the Greater Houston Area Economy and where we're headed? Click HERE. If you have any questions about this material, I'd be happy to help, leave me a comment, or email me at Ken@KenBrand.com or you can call me on my cell phone = Ken Brand 832-797-1779. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ All this real estate market data for The Woodlands is complied from the Houston Association of Realtors, Multiple Listing Service. By Ken Brand Out with the Old, in With the New...New Home that is.
About 1/3 of all the home buyers who buy in The Woodlands, choose to buy a New Home. Our experience, about 76% of the home buyers who buy a property in The Woodlands, look at new homes and pre-owned homes. Here's some 411 on New Home Inventory: THERE ARE 248 SPEC INVENTORY HOMES AVAILABLE IN THE WOODLANDS â The Woodlands features a variety of new home choices from condominiums, townhomes, patio homes, single-family homes, active-adult residences, urban living, custom homes to golf course estates, priced from the $150âs to more than $3 million. There are currently 248 spec inventory homes available throughout The Woodlands. FYI, there are just over 900 homes listed for sale in The Woodlands, in all price ranges...this number includes new homes that are marketed through the MLS (note: not all new homes are listed in MLS). 62 custom inventory homes are offered in this master-planned community Ready for move-in is the custom estate at 35 Player Bend in the neighborhood of Gary Glen in the Village of Sterling Ridge. Built by Hahnfeld-Witmer-Davis, this home overlooks the Gary Player Signature golf course. At 7,070 square feet, this residence features five bedrooms; wood floors; library with a fireplace; gourmet kitchen; separate wine room; upstairs media room with a wet bar and a game room, both leading to a covered balcony; second utility room upstairs; five full baths with two half baths; and a four-car garage. Other amenities include a veranda with a summer kitchen. This home is priced at $1,899,000. For more information, call The Woodlands Custom Homes, Robyn Brand at 281-367-4550. There are 16 inventory homes available in East Shore, the âGarden Districtâ of The Woodlands Town Center, bordering 200-acre Lake Woodlands. Carmel Builders has seven, three-story townhomes (middle photograph), many with elevators, available in East Shore. Residences feature Southern Coastal architecture, 2,579 square feet of living space, and front porches and balconies overlooking Rafterâs Row Park and Lake Woodlands. These homes are priced from $437,590 and up. If you'd like more information about this one, give me a call, Ken Brand - 832-797-1779. There are 154 inventory homes offered by production homebuilders throughout The Woodlands. Available now is the two-story Brazelton plan (model pictured, bottom photograph) at 79 Chipwyck Way in Montfair in the Village of Sterling Ridge. This home features four bedrooms, two-and-a-half baths, huge covered front and back porches, faux wood blinds, extensive tile throughout the downstairs, sod and a sprinkler system. This residence is priced at $248,990. For more information, give us a call @ 281-367-3531 any one of our smile wearing, world class Realtor Icons can help. Wondering what's for sale in the Pre-Home market? Every home in the MLS can be viewed at TheWoodlands411.com. Need anything at all, questions, call me, Ken Brand @ 832-797-177 Real Estate Market Reports for The Woodlands Texas - July/August 2008
Here's the collection of reports for July/August, click on the links to view and download. Month To Month Listing and Sales Comparison + Inventory and Sales by Price Range Months Supply Of Inventory + Average Sold Prices + Market Share by Broker Thanks for all you do. Ken PoppyCock = The National Housing Real Estate Market, Leprechauns, WMDs, Unicorns, etc.
Unicorns, Leprechauns and WMDs are myths...so is the the notion of a National Housing Market. Don't read me wrong. Yes, nation wide housing data can be lumped together like an overweight, crappy tasteing merry Christmas Fruitcake, but guess what? It's a myth and it's as useful as a Merry Christmas Fruitcake. Real Estate markets are local and hyper-local, period. Don't let the talking media bobble heads and jaded journalists hypnotize you into a depressing, misinformed stupor. Talk to a trusted, in-the-know, feet on the street, real estate agent about what exactly is going on in your community, neighborhood and street. It may or may not be what you want to hear, but it will be accurate, meaningful and useful. Amen brothers and sisters....that's all I have to say about that. For now. PS. If you'd like to pursue a passel of real estate market statistics for The Woodlands, Texas, you can download this .PDF. I'll update these stats over the weekend Kens411.com has moved to BrandCandid.com
Hello Friends. I've moved my blogging to a new site. http://www.BrandCandid.com You'll find everything here, over there, plus new stuff. Thanks, Ken Team Meeting Notes - July 29th, 2008
Thought I'd share the agenda and some of the notes from our Team Meeing. Fun stuff included - Birthday Party Plans Real Estate Market Reports - Inventory, Sales Pace, Months of Supply, etc. Marketing Strategies - Staging, Pricing, Prospecting, Networking and the like. Training Opportunities. Legal Updates. There you have it. If I can help, let me know. Sales Meeting Notes for July 29th, 2008 Prudential Gary Greene, Realtors, The Woodlands, Texas - Upload a Document to Scribd Read this document on Scribd: Sales Meeting Notes for July 29th, 2008 Prudential Gary Greene, Realtors, The Woodlands, Texas Realtors in The Woodlands, Gasoline Prices & Showing Properties
This is a great idea. Brilliant, Simple, Necessary. Greg Swan shares a Black Pear. It's about Realtors, Gasoline Prices, Showing Properties and being WISE. Take you 15 12 9 seconds - Go, Go, Go.
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