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October 5, 2017

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Market UpdatesThe Woodlands TX

Market Update :: Week of September 24 :: The Woodlands

written by Jordan Marie Schilleci, Realtor®, Jo & Co. Realty Group

I have been using some new software to gather my market updates, so feel free to provide some feedback!

There are currently 769 active homes on the market, 49 option pending (just went under contract), and 152 pending (weeks or days away from closing).

Market Update - The Woodlands

Here you can see the current price trend for all of The Woodlands. This data gets to be a little more and accurate, when you pinpoint a neighborhood of similar homes. (If you would like custom data, please reach out to me.)
New Home Sales The Woodlands

Last week 41 homes closed. The YTD for 2017 is 1635 homes sold compared to the same time frame in 2016, where only 1533 homes sold. I also pulled the average DOM (days on market) for 2016 and 2017. When comparing the years, the average DOM is down one day, and we currently have 5-6 months of supply (if no more new homes hit the market, it would take the current 769 homes 5-6 months to all sell). And when comparing September of this year to September of last year, 153 homes sold in 2016 and 186 homes this past month. So the effects of Hurricane Harvey are yet to be seen on the market in The Woodlands.

As always, if you would like some custom data for your home and neighborhood, please reach out to me.

Tomorrow I will be posting about Houston’s overall market and a featured neighborhood.

Your Realtor,
Jordan Marie Schilleci, REALTOR®
Beth Ferester & Company
Call/Text 832-493-6685

October 5, 2017 0 comment
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Conroe TXQuestionThe Woodlands TX

Are new home sales down in Conroe or The Woodlands?

written by Jordan Marie Schilleci, Realtor®, Jo & Co. Realty Group

The Wall Street Journal, CNBC, USA Today, and many other reputable newspapers and media outlets have been reporting that new home sales are down 3.4%. I have been hearing this so much, that I decided to do a little research. The data they have mentioned was released by the U.S. Census Bureau, and can be viewed on their website here.

This data is accurate for the nation as a whole, but to know if it was true for this Houston economy bubble we live in, I decided to do some number crunching of my own. A bulk of the new homes I come across are in The Woodlands and Conroe area, so I ran data gathering for these two areas. First you will see a graph for The Woodlands, followed by a graph of Conroe.

New Home Sales The Woodlands

New Home Sales Conroe

When I computed the above data, I wasn’t sure what would come of it, but as you can see, both Conroe and The Woodlands are up in sales! And just in case you didn’t know, Conroe is actually the fastest growing city in the United States, according to The Census Bureau. You can read the full press release here.

Reasons for this surprising growth can be attributed to its low cost of living, close proximity to Houston and The Woodlands, and for the fact that it is a “lake town”. For an updated list of new homes for sale in Conroe, feel free to follow this link, and for resale homes, feel free to follow this link. Oh, and you can follow this link for homes on the lake between $200-$500k.

The growth of The Woodlands, might not be increasing at such a rate, but it is still one of the top places to live when trying to pick a Houston suburb to call home.  Here is a list of my favorite homes in The Woodlands; they are super dreamy. You can find new build homes in The Woodlands here, and all the homes for sale in The Woodlands here. Each search can be narrowed down, once you click on it. As always, if you would like to schedule any personal tours, please reach out to me! 🙂

So, just in case you missed it, YES, new home sales are up in comparison to last year in The Woodlands and Conroe!

Until next time,
Jordan Marie Schilleci, REALTOR®
Beth Ferester & Company
Call/Text Anytime 832-493-6685

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