All Forum Posts by: Sharon Tzib

Yes @Jonathan Williams, sales normally trend downward in the fall/winter months due to decreased supply and demand, but every year is different. This year I'm seeing much more activity in December than last, which I feel is directly related to people having closure on the election, and because rates have gone back to July 2015 levels, so people are trying to lock in "in case" they go up more (which no one can predict). Just because sales lessen doesn't mean prices go down, necessarily. What I've been seeing mostly in the under $200K range is until about three weeks ago, things had appeared to normalize, but now there's multiple offer situations on any desirable home.

There are some that buy for tax reasons, and that would be mostly true in the luxury bracket. I hope you get a great Xmas present and find a buyer soon :)

On sfh vs townhome leases, I believe homes will always be more desirable than townhomes, so that number doesn't surprise me. 

I wouldn't say we're good over $500K - I'd like to see several more months of consistency in that segment before I'd say it has recovered :)

Class A is over-built in Houston. I'd be surprised if we see any significant amount of building in that segment next year while the market absorbs what it has. 

It has definitely been a tale of two markets here: under $200K has high demand and anything over that takes much longer to sell due to a lack of qualified buyers. As this report said, luxury homes rose 33% - first time I've seen that in quite a while.

Hey @Michael Le - no, I don't think so. There was one month where the gains were negligible, but mostly we have seen increases, even if they were small ones, since the down turn. Now that the election is over, and with rates rising some, I'm seeing a huge amount of pent up demand (multiple offers in December was not a common occurrence last year).

http://www.har.com/content/newsroom

Houston Real Estate Highlights in November:

• Single-family home sales soared 22.7 percent with 5,706 units sold—representing the greatest year-over-year sales volume increase for a single month since July 2013;
• On a year-to-date basis, single-family home sales were up 2.7 percent;
• Total property sales jumped 21.4 percent to 6,890 units;
• Total dollar volume increased 28.7 percent to $1.8 billion;
• At $222,000, the single-family home median price rose 8.3 percent to a November high;
• The single-family home average price increased 7.2 percent to $281,671, which was also the highest level for a November;
• Single-family homes months of inventory climbed to a 3.6-months supply;
• Townhome/condominium sales increased 14.6 percent, with the average price up 12.6 percent to $208,388 and the median price up 22.0 percent to $163,000;
• Leases of single-family homes rose 3.2 percent with average rent up slightly to $1,724;
• Leases of townhomes/condominiums fell 2.4 percent with average rent down 2.6 percent to $1,498.

Houston Housing Stats October 2016

Highlights:

• Single-family home sales were statistically unchanged with 5,916 units sold;
• On a year-to-date basis, single-family home sales were up 1.2 percent;
• Total property sales rose 0.7 percent to 7,120 units;
• Total dollar volume increased 1.4 percent to $1.9 billion;
• At $218,000, the single-family home median price rose 6.3 percent to an October high;
• The single-family home average price increased 2.2 percent to $277,904, which was also the highest level for an October;
• Single-family homes months of inventory climbed to a 3.8-months supply;
• Townhome/condominium sales were flat, with the average price unchanged at $197,558 and the median price up 4.7 percent to $157,000;
• Leases of single-family homes declined 1.0 percent with average rent down slightly to $1,728;
• Leases of townhomes/condominiums fell 2.3 percent with average rent down 2.1 percent to $1,488.

Yes @Michael Le. The increased inventory has really helped normalize things and keep sellers in check :)

http://www.har.com/content/newsroom

Houston Real Estate Highlights in September

• Single-family home sales declined 0.5 percent with a total of 6,652 units sold;
• On a year-to-date basis, single-family home sales were up 1.3 percent;
• Total property sales were down 1.6 percent to 7,893 units;
• Total dollar volume was unchanged at $2.1 billion;
• At $219,990, the single-family home median price rose 4.8 percent to a September high;
• The single-family home average price increased 2.4 percent to $277,849, which was also the highest level for a September;
• Single-family homes months of inventory climbed to a 3.9-months supply;
• Townhome/condominium sales fell 3.1 percent, with the average price down 3.7 percent to $199,240 and the median price down 4.8 percent to $147,600;
• Leases of single-family homes rose 5.4 percent with average rent down slightly to $1,764;
• Leases of townhomes/condominiums shot up 10.8 percent with average rent down 1.0 percent to $1,524.

Hi Cheryl! I work with buy and hold cash flow investors here in Houston. Been an investor myself since '02. Happy to connect and answer any questions you may have. 

http://www.har.com/content/newsroom

Houston Real Estate Highlights in August

• Single-family home sales rose 8.2 percent with a total of 7,914 units sold —the greatest one-month sales volume of all time
• On a year-to-date basis, single-family home sales are up 1.5 percent;
• Total property sales rose 7.1 percent to 9,319 units;
• Total dollar volume shot up 10.6 percent to $2.6 billion;
• At $225,000, the single-family home median price rose 4.2 percent to an August high;
• The single-family home average price increased 2.4 percent to $289,519, which was also the highest level for an August;
• Single-family homes months of inventory climbed to a 4.0-months supply;
• Townhome/condominium sales rose 5.1 percent, with the average price up 1.0 percent to $202,669 and the median price up 4.0 percent to $156,000;
• Leases of single-family homes were down 2.2 percent with average rent down slightly to $1,878;
• Leases of townhomes/condominiums rose 5.7 percent with average rent down 2.6 percent to $1,604.