Spacious corner location. Cherry wood floors throughout! - 02/23/09 01:53 PM
Spacious corner location. Cherry wood floors throughout! 26 E Bonny Branch, The Woodlands, TX 77382 View Map Come home to this gorgeous 'Front Porch' series home in a fabulous location close to shopping, parks, medical and more! Enjoy the park across the street as you sip on your favorite drink on the front porch. Spacious corner location. Cherry wood floors throughout, except tile in kitchen and baths. Beautiful upgraded cherry cabinets, stainless appliances and Avanza counters in kitchen. Plantation shutters, designer faux paint, high ceilings and art niches. A real sense of community. Meticulously maintained! Visit www.MicheleFlory.com for more photos, floor-plan, … (0 comments)

The Woodlands Real Estate Market - Part 5 - List Price versus Sale Price - 02/19/09 10:06 AM

The January sale price as a percent of list price in The Woodlands was 93.5.
Every calendar year begins at a lower percentage than the average 97%. Homes closed in January were the result of negotiated contracts in December. The last month of the year is traditionally a slower market for property showing appointments; resulting in sellers being more flexible on sale price.
List price is established prior to the actual listing in HAR. The Realtor prepares a Comparative Market Analysis (CMA) based on the actual sales history within the last three to six months of comparable homes...location, condition, amenities, … (0 comments)

The Woodlands Real Estate Market - Part 4 - Months Of Inventory - 02/17/09 06:38 AM

The Months Of Inventory is calculated dividing current active listing inventory by average monthly sales of the prior 12 months.
The Woodlands Months Of Inventory in February is 4.5 months. A number above 6 is defined as a buyer's market; meaning there are more listings than buyers. A number below 6 is a seller's market; meaning there are more buyers than available listings.
As the homeselling season begins, there will be a gradual increase in the months of inventory that has peaked in July - August for the past two years.
Visit Michele Flory for charts by list price range.
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The Woodlands Real Estte Market - Part 3 - Days On Market - 02/16/09 05:56 AM

Days On Market is defined as number of days from list date to close date. The 66 closed sales in January were on the market a median 55 days. The median list price was $234,800; ranging from $101,900 to $1,395,000.
January Days On Market typically begins at a higher level before trending down as the homeselling/homebuying season begins. Consider that homes sold (closed) in January were pending (contract) in December and were probably on the market during the slow holiday season in October - November - December(see chart).
Visit here for charts by list price range
Tomorrow:Months-Of-Inventory
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The Woodlands Real Estate Market - Part 2 - Contracts - 02/13/09 06:38 AM

The number of contracts for the month of January was 100. Both 2008 and 2007 started the year in the 150 range.
 Reasons for the decline in number of contracts include buyers waiting for still lower interest rates, stimulus package incentives, and stricter lender appraisal criteria. In addition, we still have buyers waiting for a major reduction in prices based on continuous national media coverage. Finally, we have buyers unable to find their ideal home in the current inventory of active listings.
The median days-on-market for contract homes in January was 52.25. Compare this with the median days-on-market of all … (1 comments)

The Woodlands Real Estate Market - Part 1 - Active Listings - 02/12/09 10:10 AM

The Woodlands real estate market continues to counter national media reports of a housing disaster! Current active listings in The Woodlands as of February 5, 2009 total 670 homes; close to same month 2007 and 2008 inventory levels.(see chart).
The median active time on market is 75 days. The median list price of active listings is $374,900.
Location and condition continue to be determining factors for days-on-market prior to contract. Unlike other national markets, we are not experiencing a downward spiral of sales prices. We are still seeing homes in desirable locations with updated amenities sell within one day at … (0 comments)