New Territory Real Estate Market Report

for April 2014

New Territory Sales Statistics

The following tables and charts show the real estate activity for single-family homes in Sugar Land, TX as reported by the MLS (Multiple Listing Service). Please remember that averages do not necessarily reflect the actual value of a specific home...some homes are worth more than, or less than, the city averages. If you want an expert Comparative Market Analysis (CMA) on your home, please call me at 832-779-2890 or sign up online at What Is My Sugar Land Home Worth? (I do this for my buyer-clients as well!)

Noteworthy Stats This Month

These stats refer to single-family homes only...not townhomes, condos, lots, acreage, or leases.

• New Territory is experiencing a housing shortage with only 1.2 months of inventory (6 months is equilibrium)…a hot “Seller’s Market.”

• Homes are selling quickly at an average of only 16 days on the market.

• Average sales price is currently $294,578 and has been trending down since February 2014.

• Average sales price/sf is currently $107.80/sf.

• The number of homes sold in April was 14, which was a 133% increase from the preceding month, March, when only 6 homes were sold.