Do you remember the sight your eyes beheld when you walked out of your front door after Hurricane Ike had torn its' way through our county? It was not a pretty picture. Trees down, roofs torn off, no electricity or gas, flooded areas and who wants to remember what else looked bad. However if you take a look around now you will see that things have returned to normal. We have recovered and our property has recovered. All things are back to normal. Please remember that as you read on. Things are back to normal now.
You will find below the important single family residence sales numbers for the first six months of 2007, 2008 and 2009. These numbers are for MLS area 15, The Woodlands and west to the county line. You will also find a comparison for 2007 vs 2009 and for 2008 vs 2009. These numbers are not pretty. They remind me of the aftermath of Hurricane Ike. However as I stated before, things do return to normal. Please remember that as you look at these numbers.
Is there good news? Yes there is." Buy now" is the new motto. With lower prices and the $8,000 tax credit you cannot afford to pass up this "perfect storm BUY NOW opportunity". Remember we are flourishing after Hurricane Ike and we will weather this real estate storm and flourish again.
Here are the numbers for January through June 2007, 2008 and 2009:
| |
MLS Area 15 The Woodlands west to the county line.
|
|
| |
YTD SFR
|
Average
|
Median
|
Active
|
|
Months
|
| |
Unit Sales
|
Price
|
Price
|
Listings
|
DOM
|
Inventory
|
|
MLS Area 15 2007
|
2,211
|
$271,415
|
$204,000
|
1,641
|
70
|
4.3
|
|
MLS Area 15 2008
|
1,858
|
$286,137
|
$210,000
|
1,733
|
75
|
5.0
|
|
MLS Area 15 2009
|
1,447
|
$272,853
|
$212,000
|
1,669
|
83
|
6.3
|
|
2007vs2009YTD +/-
|
(764)
|
$1,438
|
$8,000
|
28
|
13
|
2.0
|
|
2007vs2009YTD +/- %
|
-34.55%
|
0.53%
|
3.92%
|
1.71%
|
18.57%
|
46.51%
|
|
2008vs2009YTD +/-
|
(411)
|
($13,284)
|
$2,000
|
(64)
|
8
|
1.3
|
|
2008vs2009YTD +/- %
|
-22.12%
|
-4.64%
|
0.95%
|
-3.69%
|
10.67%
|
26.00%
|
If you have any comments or questions on these numbers please send me an email. I will cover the other three county MLS areas and the county as a whole in the next few days.
Thanks and have a GREAT day and
Ron
Ron, how have you been? Great market report. Have a great August.