About garygreene

Toni Nelson is the Director of Strategic Initiatives for Better Homes and Gardens Real Estate Gary Greene, Houston's largest and most productive real estate sales force in Houston, Tx. Toni began her real estate career in 1983, has served on the Board of Directors for the National Association of Realtors, Texas Association of Realtors and the Houston Association of Realtors. She specializes in marketing, trains agents, writes blogs and stays involved in the ongoing evolution of the real estate industry.

Houston Single-Family Homes Sales Up YTD by 5%

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Houston single-family home sales closed out November YTD with 5% more home sales than found last year.  Sales in the month of November were down 2%, however all other monthly metrics were in positive territory. Pending sales [homes under contract but not yet closed] were up 6% which is a sign that real estate sales may top the 2017 record even if ever so slightly.  It is interesting to note that listings have increased by 13% so inventory is more plentiful and buyers have more to choose from than this time last year.

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

What price ranges have the largest increase in sales in Houston in comparison to last year? The following price cohorts experienced the largest increase compared to 2017:It should be noted that the price range [$150,000-$199,999] has the most number of sales of any price cohort. This very popular selling price range is only up by 1% from last year however there were 16,359 homes sold in that price range and it has the strongest demand – showing 2 months of inventory. Based on the entire spectrum of Houston price cohorts in the table above, homes priced $399,999 and below are in a sellers’ market.  Homes priced $400,000 and above are in a buyers’ market. You can see the difference in time on the market under “Months of Inventory”.  Months of Inventory is a metric indicating [at the current rate of sale and with no new homes coming on the market] – how long it would take a home to sell in a specific price range.  Generally, 6 months is a balanced market [neither buyer or seller has an advantage], a sellers’ market is below 6 months and a buyers’ market is above 6 months.

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 area, 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

 

 

Better Homes and Gardens Real Estate Gary Greene Completes Merger of Brokerage Blake Wilcox Properties, LLC

HOUSTON, November 7, 2018 /PRNewswire/ – Better Homes and Gardens® Real Estate Gary Greene (“Gary Greene”), Houston’s longest-standing real estate firm, today announced the merger with Blake Wilcox Properties, LLC (“Blake Wilcox”), a 28 agent brokerage serving the North Houston and Montgomery County markets.

From left are MarkWoodroof and Marilyn Eiland, of BHGRE Gary Greene; Emily Wilcox and Blake Wilcox, of Blake Wilcox Properties LLC. Both companies announced the merger.

“We are delighted to welcome Blake and Emily Wilcox and their team to Gary Greene,” said Mark Woodroof, managing partner of Gary Greene. “Blake and Emily are so well respected and their agents are talented and knowledgeable about the local market. Agents from Blake Wilcox will join Gary Greene’s Magnolia office located in Montgomery County.” Blake and Emily Wilcox will continue to work together as The Blake Wilcox Group under Gary Greene. The Wilcoxes are eager to begin the next phase of their real estate careers. “Our team is in great hands with Gary Greene as their philosophy is similar to our own,” they explained. “As for us, we look forward to becoming an integral part of the brokerage.”

Gary Greene is currently home to approximately 1,100 agents working from 21 offices. “We are excited about the future,” said Marilyn Eiland, co-managing partner of Gary Greene. “Our team of real estate agents are passionate about the business and their primary mission is to help individuals achieve homeownership.”

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 21 offices, and over 1,100 agents covering 10 counties across the Houston metropolitan area, Gary Greene lists and sells more homes and generates higher sales volumes than any other Houston broker. To learn more about the company visit www.GaryGreene.com.

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.

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

Houston Single-Family Home Sales Increase 5% in October

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Houston single-family home sales increased 5% in comparison to October 2017.  The increase brought YTD sales up by 5%. Pending sales [homes under contract but not yet closed] are also up 5% which is a sign that real estate sales may top the 2017 record even if ever so slightly.  It is interesting to note that listings have increased by twice the increase in home sales so inventory is more plentiful and buyers have more to choose from than this time last year.

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

*Pending sales are homes that are under contract and have not yet closed. 

Houston Home Sales by Price Cohort for 2018

What price ranges have the largest increase in sales in Houston in comparison to last year? The following price cohorts experienced the largest increase compared to 2017:

It should be noted that the price range [$150,000-$199,999] has the most number of sales of any price cohort. This very popular selling price range is only up by 1% from last year which is why it didn’t make the largest increase table above. There were 14,978 homes sold in that price range and it has the strongest demand – showing 2 months of inventory. Based on the entire spectrum of Houston price cohorts in the table above, homes priced $399,999 and below are in a sellers’ market.  Homes priced $400,000 and above are in a buyers’ market. You can see the difference in time on the market under “Months of Inventory”.  Months of Inventory is a figure indicating [at the current rate of sale and with no new homes coming on the market] – how long it would take a home to sell in a specific price range.  Generally, 6 months is a balanced market [neither buyer or seller has an advantage], a sellers’ market is below 6 months and a buyers’ market is above 6 months.

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

 

Houston Single-Family Home Sales Up 6% for the year.

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Single-family home sales in September experienced a 6% decline over last September however, paradoxically September YTD home sales are up 6%.  The  YTD increase is more indicative of how the market is trending.   Even though the single-family market sounds a little flat, one metric indicates there is still a little wind left in the sails for 2018. Pending sales in September experienced a 9% increase and indicates that October may show an uptick in closed sales activity.

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

*Pending sales are homes that are under contract and have not closed.  Pending sales indicate the future sales trend.

Houston Home Sales by Price Class for 2018

What price ranges have experienced the largest unit increase in sales in Houston  during 2018? The table below reveals the answer.

All home price ranges in the table above are in a strong sellers’ market except $300,000-$399,999 which is still a sellers’ market but trending toward a normal market whether neither buyer or seller has an advantage.

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, 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.

The Greater Houston Partnership reports that Metropolitan Houston created 101,800 jobs – a 3.4% increase in 12 months ending July 2018.

It’s the strongest 12 month growth pace since February 2015!  Jobs are the #1 driver of real estate sales.

This spells opportunity for anyone wishing to sell their home!  It means higher demand and depending upon price range, less competition in the market to sell.  If you’re in the market to sell your home – contact a BHGRE Gary Greene agent today for a free market analysis

 

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