Archive for the ‘Kingwood’ Category
Kingwood Real Estate Market Report for May 2008
June 8th, 2008 categories: Kingwood, Market Stats
Kingwood Real Estate Market Report - May 2008
A solid performance from Kingwood in May. Absorption rate points to it being slight seller’s market (over 6 months is supposed to be a buyer’s market). Prices are holding up as well with only 3% being discounted off the original asking price. For sellers still on the market, your asking prices are about 15% higher than what the average property is selling for. So, to move your property.. adjusting the price down seems to be the most obvious course of action to recommend right now.
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Kingwood Real Estate Market report for April 2008
May 4th, 2008 categories: Kingwood
Sales of homes in the Houston Kingwood area for April 2008.
A good solid peformance in April for Kingwood. Evenly balanced market… no real advantage either way. Sellers are selling, buyers are buying. We had 103 deals pending at the end of last month so there was a 20% fall-through rate. This time there are 121 deals pending… with the same fall-through rate Kingwood should be able to close just over 100 deals in May. That’s a big jump on April… let’s see how it turns out.
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Kingwood Real Estate Market report for March 2008
April 3rd, 2008 categories: Kingwood, Market Stats
Wow!! Kingwood moves # deals closed from 38 last month to 75 this month!! This has moved the absorption rate from a dismal 10.7 months to a very impressive 5.8 months. In other words, at this rate, all homes on the market (438 of them!) will be sold in 5.8 months.
Selling price per square foot has come down from $82 to $80 which is a sign that price reductions are happening. The average days on market has also improved markedly from 85.61 to 67.59. A very reasonable number. The spring/summer season has begun and our markets are picking up!!
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Houston Kingwood Real Estate Market Report - February 2008
March 3rd, 2008 categories: Kingwood, Market Stats, Real Estate News
Only 38 “sold” in February which doesn’t compare so well to the 45 “sold” last month but, look at the number of “pending” deals… February is a shorter month by a few days than most so it was probably tough to close all the deals during the month. March looks to be a storming result with this number of pending deals.
Days on Market (DOM) also looks to be heading down next month which will be a positive for the market.
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Houston Kingwood Real Estate Market Report - January 2008
February 4th, 2008 categories: Kingwood, Market Stats
Kingwood has seen a pretty quiet month for January 2008! Only 45 homes sold… the absorption rate (how many months it will take to sell all existing inventory) is over 6 months so it’s a buyer’s market.
However, selling prices are holding up fairly well with selling prices only 3% less than asking prices. So buyers could possibly try to be a bit more adventurous in their offers right now. Things could change quite a bit in the next few months though!
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