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Houston Area Real Estate Market Update: May 2013

Posted on Posted in General

HAR (Houston Association of Realtors) has released their March numbers.

Please contact me for additional information or if you have any questions.

The Highlights are:

 

·  Single-family homes sales or up for the 22nd consecutive monthly increase, 17% higher than a year ago

 

·  The median price of existing single-family homes increased to $172,000 up 6.5% vs Mar-12.

 

·  The Average single-family home price reached the second all-time highest level of $236,195

 

·  Inventories (or homes on the market) are extremely low. While this is accounting for the higher sales, median, and average price increases, the appraisals are not caught up to market yet. This means that buyers may not qualify for a home mortgage or have to pay the difference out of pocket.

Still great signs that the market is becoming a sellers’ market; this just goes to show, that even more, you need a qualified Real Estate Consultant on your side.

Contact me directly for more information:

Jodie “Queen Bee” Collins

832-858-3134

jodiecollins@kw.com

jodiecollins.com

 

Responsibilities of both the Realtor and Seller(s) when Marketing Your Home

Posted on Posted in Selling a Home

Successfully marketing your home takes two! The Seller(s) and the Realtor, have to work together toward the end goal; selling your home quickly and for top dollar!

Agent Responsibilities:

  • Pricing Guidance and Staging advice.
  • Input your listing to MLS.
  • Install nationally recognized sign.
  • Provide information fliers.
  • Prepare Advertising and Virtual Tour
  • Put on You Tube and Social Media outlets
  • Mass Email to KW agents in office.
  • Hold Open Houses.
  • Give Feedback on showings.
  • Review contracts and represent you in negotiations.

Client Responsibilities:

  • Complete all repairs and cleaning.
  • “Stage” your home to be appealing.
  • Hide valuables (also prescriptions).
  • Keep marketing information out for prospective buyers.
  • Call me if information is depleted.
  • Leave premises for showings.
  • Call me with any questions.
  • Refer friends and acquaintances who might be interested in your property.
  • Refuse to discuss terms with prospective buyers or their agents.

Congratulations Jodie “Queen Bee” Collins on your newest certification: CNE – Certified Negotiation Expert

Posted on Posted in About Jodie Collins

In today’s ever changing Real Estate market, every Realtor knows that they must constantly update their technology and education in order to stay competitive. Jodie “ Queen Bee” Collins’ staff congratulate her on her latest certification: CNE, or Certified Negotiation Expert.

CNE - Certified Negotiation Expert

What Home Sellers Do & Don’t Control:

Posted on Posted in Selling a Home

What Home Sellers Do & Don’t Control:
Seller Controls:

• Property Condition
• Availability for Showing
• Price
• Home Warranty

Seller Doesn’t Control:

• Competition
• Buyer’s or Seller’s Market
• Interest Rates
• When the perfect buyer walks through the door

Obviously this is very high level, but they are good guidelines. If you would like to know more, please contact us.
JodieCollins@kw.com
http://JodieCollins.com
http://jodiecollins.com/html/sellers_center.html

Home Selling Price Misconceptions

Posted on Posted in Selling a Home

It is very important to price your property at a competitive market value at the signing of the listing agreement. Historically, your first offer is usually your best offer!

This can be a touchy subject for sellers, but it is an extremely important one. When selling your home, the price is ultimately set by what a home buyer is willing to pay the home seller for the home in today’s market! Granted, there are several factors that help determine the value, but in the end, it is often simple supply and demand economics. Home loans, and other factors can play their part in the home’s value, and this is why you need an experienced and qualified Realtor and their team, on your side.

Here are some areas that don’t determine the current value of your home:

  • What you paid
  • What you need
  • What you want
  • What your neighbor says
  • What another agent says (It is only talk, until they can back up what they say with facts)
  • Cost to rebuild today
Home Pricing Do-Not's

Home Pricing Do-Not’s

Need more information:

http://JodieCollins.com

http://jodiecollins.com/html/sellers_center.html

JodieCollins@KW.com

 

Thinking about Remodeling this Spring: Remodeling’s ‘Value’ on the Upswing

Posted on Posted in General, Selling a Home

 Often home sellers feel that they should get 100% of the remodeling investment, or more, when they decide to sell their home. Unfortunately, this is often just not the case. In some cases, remodeling is needed to make the home marketable. Please consult a licensed Realtor to see if your home improvements might pay off in the long run. However, a bit of good news! It looks like home improvements are bringing in more value than they were previously.

 

Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®

Houston Area Real Estate Market Update: March 2013

Posted on Posted in General

HAR (Houston Association of Realtors) has released their February numbers. Please contact me for additional information or if you have any questions.

The Highlights are:

  • The median price of existing single-family homes increased to $165,000 up 8.9% vs Jan-13. This is still lower than the highs seen in December and June of last year.
  • Existing single-family home sales increased 10.3% from Jan-13 for a Feb-13 total of 4,213 sold units. This is normal since peek sales are usually during the summer months when kids are out of school.
  • Condos decreased in price to $142,000 down -1.7% vs Jan-13.
  • Existing condo sales increased 22.7% in Feb-13 over Jan-13 for a total of 475 sold units.
  • Feb-13 Houston Association of REALTORS® Regional Sales and Price Activity
Houston Association of REALTORS®

Median Price

Percent Change in Price from Prior Month

Percent Change in Price from Prior Year

Total # Units

Percent Change in Sales from Prior Month

Percent Change in Sales from Prior Year
 

Feb-13

Jan-13

Feb-12

Feb-13

Jan-13

Feb-12
MLS Wide

 

 

 

 

 

 
HAR (Single Family)

$165,000

8.9%

10.0%

4,213

10.3%

11.3%
HAR (Condo)

$142,000

-1.7%

3.1%

475

22.7%

23.7%
 

 

 

 

 

 

 
HAR Region Cities

 

 

 

 

 

 
Single Family Only

 

 

 

 

 

 
Alvin

$115,000

-25.4%

-23.3%

21

50.0%

90.9%
Baytown

$104,500

-15.9%

1.0%

66

13.8%

10.0%
Bellaire

$696,250

-20.9%

19.2%

14

-12.5%

0.0%
Channelview

$50,000

-18.0%

-23.2%

5

-37.5%

-50.0%
Cleveland

$53,000

-40.1%

-39.4%

7

-50.0%

-12.5%
Conroe

$153,300

3.9%

22.2%

85

11.8%

2.4%
Crosby

$130,500

8.3%

6.1%

25

108.3%

127.3%
Cypress

$191,250

16.6%

6.3%

170

14.1%

1.2%
Deer Park

$102,000

-20.5%

-17.1%

19

0.0%

46.2%
Dickinson

$135,250

-1.6%

1.6%

28

-3.4%

-17.6%
Fresno

$128,975

-6.4%

17.8%

25

25.0%

13.6%
Friendswood

$160,000

5.0%

-29.2%

41

2.5%

13.9%
Galveston

$173,000

11.6%

-7.9%

37

-9.8%

8.8%
Houston

$159,900

21.1%

20.1%

1,320

5.4%

6.3%
Humble

$145,000

20.8%

20.8%

141

11.0%

6.8%
Hunters Creek

 

 

 

0

 

-100.0%
Huntsville

$114,750

-6.3%

-18.0%

15

66.7%

-11.8%
Katy

$174,556

2.7%

2.7%

353

19.3%

12.1%
Kingwood

$179,000

-11.8%

-0.6%

56

24.4%

36.6%
La Marque

$100,000

62.6%

33.3%

15

7.1%

66.7%
La Porte

$105,950

-13.2%

37.2%

20

-13.0%

53.8%
League City

$215,000

16.2%

27.2%

93

31.0%

-1.1%
Livingston

$92,500

-35.4%

-11.9%

14

16.7%

-30.0%
Magnolia

$205,000

-2.9%

-24.8%

43

7.5%

43.3%
Manvel

$214,900

8.7%

24.2%

17

0.0%

70.0%
Missouri City

$168,000

4.1%

-10.9%

78

-9.3%

2.6%
Montgomery

$229,900

16.7%

6.7%

61

0.0%

5.2%
Pasadena

$89,700

8.7%

-0.2%

68

15.3%

51.1%
Pearland

$169,900

-4.6%

-7.9%

117

20.6%

28.6%
Porter

$156,250

-9.6%

-20.9%

28

75.0%

16.7%
Richmond

$186,000

-7.0%

6.3%

119

6.3%

2.6%
Rosenberg

$164,580

15.5%

22.5%

20

-31.0%

-41.2%
Rosharon

$180,000

14.4%

33.3%

16

6.7%

-23.8%
Santa Fe

$146,750

-8.7%

17.4%

8

-33.3%

14.3%
Seabrook

$186,000

3.9%

8.3%

23

53.3%

43.8%
South Side Place

 

 

 

0

-100.0%

 
Spring

$164,900

9.4%

13.0%

293

4.6%

2.1%
Sugar Land

$238,500

-8.3%

-3.0%

117

15.8%

15.8%
Texas City

$75,000

-4.8%

25.5%

21

-4.5%

75.0%
The Woodlands

$298,175

-6.5%

-6.2%

108

4.9%

33.3%
Tomball

$158,450

-4.8%

17.4%

84

23.5%

23.5%
Willis

$159,000

63.1%

74.9%

22

46.7%

-12.0%

Single Family = Single-Family, Patio Home, Duplex, Historic, Free Standing
Condo = Townhouse/Condo
Reports generated from Clarus MarketMetrics®

Contact your REALTOR® for additional local market trends in your neighborhood. Reports were generated from Clarus MarketMetrics®. Clarus MarketMetrics® is available on a monthly or annual subscription basis to HARMLS members. To register for an account, visit www.clarusresource.com/mm.

The Houston Association of REALTORS® (HAR), founded in 1918, is a 26,000-member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest individual membership trade association in Houston, as well as the second largest local association/board of REALTORS® in the United States. Visit our web site at www.har.com.

If would like to know more, please contact me directly:

Jodie “Queen Bee” Collins, Realtor

JodieCollins.com

jodiecollins@kw.com

832-858-3134