April YTD Single-Family Home Sales Up 6%

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Houston single-family home sales closed ahead of April 2016 by 3% and the increase in sales brought year-to-date sales up 6%. What is even more interesting is that the Houston MLS recorded a 15% increase in sales pending which indicates that May sales will remain in positive territory. April was not as robust of a sales month as March however, April did top March in terms of average sales price and an increase in inventory.  As we have seen in previous years – the hotness of the market is contingent upon price ranges.  Some home price ranges are hot while others are resting on simmer.  Also the current performance doesn’t necessarily guarantee future results but it certainly looks extremely healthy for the rest of the year!   Stayed tuned and we’ll keep you posted.

Here’s a glance at the trends for the month and year:

Houston Home Sales by Price Class for 2017

What price ranges have the largest increase in sales in Houston in April? The following price classes experienced the largest increase compared to 2016:

  1. $1,000,000 and over – up 24%
  2. $250,000-$299,999  –   up 19%
  3. $300,000-$399,999  –   up 18%
  4. $400,000 – $499,999 –  up 11%
  5. $500,000 – $749,999 – up  11%

The $1,000,000 + buyer has made a resurgence after this price class languished over most of 2016.  It’s a sign of a healthier market, not just in that price class but in the overall market.

A word of clarification on the $1+ million increase in home sales:  Months of Inventory for homes priced $1 million and up is higher than last months’ 11.8 months and it is currently at 12.2 months.  Price ranges at $400,000 and above are all in a buyers’ market and homes priced below $400,000 are in a strong sellers’ market.

The Houston overall market is so large; it rarely reflects the same trends as a submarket area located within its boundaries.  Some areas are exceeding Houston’s overall growth in sales while others are lagging behind.  For a breakdown of activity by area with a map, CLICK HERE.

To see the hottest selling geographical areas for the month in Houston, CLICK HERE.

To search for homes by price range and map, go to www.GaryGreene.com.

Data provided by the Houston Association of Realtors® Information Services™, and The Real Estate Center for Texas A&M and written by Toni Nelson, Director of Strategic Initiatives for Better Homes and Gardens Real Estate Gary Greene

 

 

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November Houston Single-Family Homes Sales Experience 23% Rally!

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November was a hot month for closing single-family homes sales in the Houston MLS market area!  Sales rose 23% from a year ago and the rally in sales brought year-to-date sales up 3% from a year ago.  With such an uplift in sales for the month, one may wonder if December sales will flatten or possibly deflate.  Not so, as pending sales indicate the opposite. Homes under contract [sales pending] in November rose 16%.  This not only indicates more closings on the horizon but also the year, 2016, could close out as a better year for real estate than 2015.  There certainly appears to have been an end of the year real estate rally that may extend and continue into 2017.  Happy New Year!

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**Metrics reflect all single-family home sales – both new and existing.

Houston Home Sales by Price Class for 2016

What price ranges had the most amount of increased sales in Houston for October YTD? The following price classes experienced the largest increase in sales over 2015:

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Very interesting to note:   All of the above price ranges were in the exact same numerical order last month.  As the end of the year approaches, the months of inventory in these price classes usually go up.  This month all price classes experienced fewer months of inventory than last month.  This indicates that Houston is performing well in terms of absorption of homes on market.

The Houston overall market is so large; it rarely reflects the same trends as a submarket area located within its boundaries.  Some areas are exceeding Houston’s overall growth in sales while others are lagging behind.  For a breakdown of activity by area with a map, CLICK HERE.

To see the hottest selling geographical areas for the month in Houston, CLICK HERE.

To search for homes by price range and map, go to www.GaryGreene.com.

Data provided by the Houston Association of Realtors® Information Services™, and The Real Estate Center for Texas A&M and written by Toni Nelson, Director of Strategic Initiatives for Better Homes and Gardens Real Estate Gary Greene

 

 

 

 

 

 

 

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The Greenesheet – Contracts/Forms Changes

Now is the time to speak up!

If there are TREC or TAR forms that bother you every time you complete them.  Or, there are forms you think should be created, now is the time to help TREC and TAR consider the changes that will make it easier for real estate agents to do their jobs. 

For example, do you think that mosquito systems should be added to the Seller’s Disclosure Notice, or a form is needed to request Hydrostatic Testing.  Or, that information about the presentation of Water District notices are not clear enough.  Then, click on one of the links below and give your opinion.

And, if that isn’t what you want to do, but you have great ideas, then send them to me and I will send them in with the other suggestions that I am submitting – but do it by June 1, 2017 as the deadline is June 9, 2017 to be received at TREC and/or TAR.  Be sure to reference the form number when making your suggestions.

This opportunity will not come again for a long time.  Let your voice be heard!  Click a link below…

Where to send ideas for improving your real estate forms

Despite all the forms you have at your disposal—32 from the Texas Real Estate Commission and 125 more from the Texas Association of REALTORS®—there are transactions where these forms don’t apply or lack provisions you wish were included. So, what can you do? Ask for a change.

TREC and TAR welcome suggestions at any time to change existing forms or create new ones. Send your ideas for

Although you might not get a response to your message, every suggestion is logged and reviewed. Your input is vital to ensure your forms keep pace with changes to the real estate industry.

Dianne McCoy, Realtor®
ABR, ABRM, CLHMS, CNE, CRB, CRP, CRS, GRI, MCNE, SRES, SRS
Director of Education and Compliance

Legal Disclaimer: The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on TexasRealEstate.com. Any legal or other information found here, on TexasRealEstate.com, or at other sites to which we link, should be verified before it is relied upon.

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The GreeneSheet- Forms Suggestions/Changes

Put in Your “Two Cents” – There’s Always Room for Improvement!

If you have looked at a TAR or TREC form and wondered why a date space was missing, or thought how great it would be “if there was a form for that” , then now’s your chance.  The broker/lawyer committees will be meeting now through the fall and your input is needed and wanted.  They will definitely be looking at residential leases and the application forms this fall.

If you have ideas for changes, rewording, clarification or a totally new form, click on one of the links below and make yourself heard.  It would be as simple as an email to state your idea or opinion.  Be sure to include the form number or form name or scan the changes on the form with your email.

Thank you for taking the time to improve our industry!

Where to send ideas for improving your real estate forms

Despite all the forms you have at your disposal—32 from the Texas Real Estate Commission and 125 more from the Texas Association of REALTORS®—there are transactions where these forms don’t apply or lack provisions you wish were included. So, what can you do? Ask for a change.

TREC and TAR welcome suggestions at any time to change existing forms or create new ones. Send your ideas for

Although you might not get a response to your message, every suggestion is logged and reviewed. Your input is vital to ensure your forms keep pace with changes to the real estate industry.

Dianne McCoy, Realtor®
ABR, ABRM, CLHMS, CNE, CRB, CRP, CRS, GRI, MCNE, SRES, SRS
Director of Education and Compliance

Legal Disclaimer: The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on TexasRealEstate.com. Any legal or other information found here, on TexasRealEstate.com, or at other sites to which we link, should be verified before it is relied upon.

Short URL: http://tinyurl.com/n49w5cq

Better Homes and Gardens Real Estate Gary Greene Named Platinum Award Winner by Cartus Broker Network in the Houston Market

HOUSTON, April 10, 2017 /PRNewswire/ – Better Homes and Gardens® Real Estate Gary Greene (“Gary Greene”), Houston’s longest-standing real estate firm, has been named a Platinum Award winner by the Cartus Broker Network for its outstanding performance during the past year. The awards were presented at the 2017 Cartus Broker Network International Conference, held March 13-15, 2017 in Phoenix, Arizona. Cartus Corporation is a worldwide leader in employee relocation solutions.

Platinum is the highest level of the Excellence Awards presented to principal brokers. Excellence Award recognition is based on performance results related to a wide variety of goals including customer service, cost management, and effective analysis and marketing of homes. Network’s brokers achieving Platinum level recognition for their performance in 2016 had to perform across a number of business disciplines to receive this designation.

“The Platinum Award is a recognition of extraordinary accomplishment,” said Scott Becker, senior vice president, Cartus Affinity & Broker Services. “To earn the distinction, a broker must have successfully demonstrated outstanding performance in addressing customer needs, understanding local conditions, and executing best business practices. We’re proud to honor Gary Greene, because they’ve delivered the very highest levels of results to both their customers and the Cartus Broker Network. Ultimately, this results in our ability to provide great value to our clients and their relocating employees.”

Additionally, Gary Greene was presented the Cartus Five Star Award, which recognizes brokers who have met or exceeded their individual objectives for outgoing broker-to-broker referral closings during the calendar year.

“We are thrilled to be Houston’s only Cartus Platinum Broker and are also privileged to be recognized as a Cartus Five Star Award winner,” said Mark Woodroof, Partner at Gary Greene. “Our relocation team has shown what is possible when you combine our expansive local market footprint and commitment to delivering the superior customer service for Cartus, their clients and transferring employees, as well as our brokerage. I applaud our Gary Greene team and thank Cartus for this honor.”

About Better Homes and Gardens Real Estate Gary Greene

Better Homes and Gardens Real Estate Gary Greene has represented buyers and sellers of residential properties since 1963.  Today, with 24 sales offices across the Houston area, Gary Greene lists more homes, sells more homes and generates higher sales volumes than any other Houston broker.

The company also specializes in the relocation of buyers and sellers nationally and internationally as a principal broker in the Cartus Network, the industry leader in global mobility. Gary Greene offers the convenience of an in-house residential mortgage loan originator, insurance and title services, preferred electricity rates with Reliant Energy and home warranty protection plans.

To schedule an appointment with Better Homes and Gardens Real Estate Gary Greene in any part of the greater Houston metropolitan area, go to www.GaryGreene.com. Also follow Gary Greene at www.Facebook.com/BetterHomesandGardensRealEstateGaryGreene and on Twitter @BHGREGaryGreene.

About Cartus Broker Network

The U.S. Cartus Broker Network includes 784 firms with over 3,000 offices and 117,000 agents.  The Cartus Broker Network in Canada was comprised of 343 firms with 582 offices and more than 11,200 agents.

 About Cartus

For more than 60 years, Cartus has provided trusted guidance to organizations of all types and sizes that require global relocation solutions. Providing the full spectrum of relocation services, including language and intercultural training, Cartus serves more than half of the Fortune 50 and has moved employees into and out of 185 countries. Cartus is part of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. To find out how our greater experience, reach, and hands-on guidance can help your company, visit www.cartus.com; read our blog; or click www.realogy.com for more information.

For More Information Contact:
Better Homes and Garden Real Estate Gary Greene
Shari L. Mattern, Director of Marketing and Communications
Tel: 1.832.295.4172
Email: shari.mattern@garygreene.com

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March Single-Family Home Sales UP 12%

Houston single-family home sales  closed ahead of March 2016 by 12% and were the highest recorded March sales in the last two years!  The increase in sales brought year-to-date sales up 7%. Houston single-family home sales for the first quarter of 2017 are off to an amazing start. And with pending sales up 17%, it looks like a hot market will continue at least into the following months.  As we have seen in previous years – the hotness of the market is contingent upon price ranges.  Some home price ranges are hot while others are resting on simmer.  Also the current performance doesn’t necessarily guarantee future results but it certainly looks extremely healthy for the rest of the year!   Stayed tuned and we’ll keep you posted!

Here’s a glance at the trends for the month and year:

 

Houston Home Sales by Price Class for 2017

What price ranges have the largest increase in sales in Houston in March? The following price classes experienced the largest increase compared to 2016.


The $1,000,000 + buyer has made a resurgence after this price class languished over most of 2016.  It’s a sign of a healthier market, not just in that price class but in the overall market.

A word of clarification on the $1+ million increase in home sales:  Months of Inventory for homes priced $1 million and up is 11.8 months whereas price classes in all other categories listed above range from a low of 3 to a high of 5 months.  Obviously, the lower the price class – the lower the months of inventory and therefore the quicker the sale!

A quick review of all of the price classes by sales year-to-date indicates that homes in price classes $399,999 are in a sellers’ market and homes above that price range are in a normal market [$400,000-$499,999].  Homes above $499,999 are in a buyers’ market.

The Houston overall market is so large; it rarely reflects the same trends as a submarket area located within its boundaries.  Some areas are exceeding Houston’s overall growth in sales while others are lagging behind.  For a breakdown of activity by area with a map, CLICK HERE.

To see the hottest selling geographical areas for the month in Houston, CLICK HERE.

 

To search for homes by price range and map, go to www.GaryGreene.com.

 

 

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