Texas Gulf Coast American Red Cross Donations

Texas Gulf Coast American Red Cross Donations

Over 230 Billion Gallons of water have fallen in Houston in just a matter of a few days. At last confirmed count, over 100 neighborhoods where flooded and many still are. However, I think that the number of affect neighborhoods is much more than that as creek, reservoirs, and bayous crest over their banks.

If you are able, please donate to the local American Red Cross chapter. Their website is https://redcrosstexasgulfcoast.wordpress.com/2016/04/19/after-months-of-disaster-response-american-red-cross-seeks-additional-volunteers-to-help-storm-victims/

Texas Gulf Coast American Red Cross Donations

borrowed from Chron.com

Emergency Item Checklist

Emergency Item Checklist

Again, the QBee Team hopes that everyone is save and sound, and our hearts and prayers go out to those who have been affected by the heavy rains that continue to affect the Houston and surrounding areas.

Here is a great Emergency Item Checklist is PDF form (download it to your smartphone and print out a copy if you can): https://www.ready.gov/sites/default/files/documents/files/checklist3.pdf

Remember, material items can be replaced, and the safety of you, your family, and friends are paramount. The Northwest Houston community spirit is strong, and we will rebuild our neighborhood together.

Emergency Item Checklist

Our Thoughts and Prayers During the Houston Area Flooding

Our Thoughts and Prayers During the Houston Area Flooding

From our families to yours, our thoughts and prayers go out to all who have been affected by the recent and still on-going Houston area flooding.

A huge “Thank you” to all of the emergency responders who are have left their families at home or at friends or family homes in order to serve their communities and help those in need. Even to those who are volunteering because they can help. This is what makes the Houston Texas area great!

Remember, if it is safe to do so, stay home, and if you must go out, don’t drive through standing water. Turn around!

Here is a great link to know what is flooded and how much water has fallen in a given time period: http://harriscountyfws.org/

Our Thoughts and Prayers During the Houston Area Flooding

Picture borrowed from Chron.com

HAR Real Estate Market Update April 2016

HAR Real Estate Market Update April 2016

http://www.har.com/content/mls/?m=4&y=16

MLS Report for March 2016
HOUSTON’S MARCH HOUSING NUMBERS SHOW STABILITY DESPITE ONGOING ENERGY JITTERS

Mid-range housing sees sales gains; overall market is ahead year-to-date

HOUSTON (April 13, 2016) Despite continued strains in the oil patch, the Houston real estate market demonstrated more sustainable conditions in March, with positive sales among mid-range homes and a growing supply of homes from which buyers can choose.

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), March single-family home sales declined 2.2 percent versus March 2015, with a total of 6,001 sales compared to 6,137 a year earlier. On a year-to-date basis, however, home sales are 1.0 percent ahead of last year’s pace. New listings helped boost inventory from a 2.8-months supply to 3.6 months.

“Overall home sales held steady throughout March, and much of that may be due to an influx of new residents throughout the Houston area even as the energy industry suffered more layoffs,” said HAR Chairman Mario Arriaga with First Group. “Positive home sales in the $150,000 to $250,000 price range and increasing housing inventory suggest that we are in a more sustainable market.”

In its April 2016 report on the Houston economy, the Greater Houston Partnership (GHP) cited U.S. Census Bureau data showing the Houston metropolitan area leading the nation in population growth in 2015, with the addition of over 159,000 new residents. GHP stated that since April 2010, Houston has added over 736,000 residents and that energy industry layoffs have been offset by job creation in other sectors.

Home prices showed mixed readings in March. The single-family home average price declined 1.6 percent to $272,658. The median price—the figure at which half of the homes sold for more and half sold for less—rose 2.4 percent to $215,000, the highest price ever for a March.

March sales of all property types in Houston totaled 7,375, down 1.0 percent from the same month last year. Total dollar volume for properties sold in March fell 2.5 percent to $1.9 billion.

March Monthly Market Comparison

Houston’s monthly housing market measurements were mixed in March compared to those from a year earlier, but still demonstrate what are considered more sustainable market conditions. On a year-over-year basis, single-family homes sales, average price, total dollar volume were down while inventory levels grew and the median sales price rose to a March high.

Month-end pending sales for single-family homes totaled 8,018, an increase of 4.9 percent compared to last year. Total active listings, or the total number of available properties, at the end of March shot up 21.0 percent from March 2015 to 34,504.

An increase in new listings in March gave single-family homes inventory a boost, with levels climbing from a 2.8-months supply to 3.6 months. For perspective, the national supply of homes reported by the National Association of Realtors (NAR) currently stands at 4.4 months.

CATEGORIESMARCH 2015MARCH 2016CHANGE
Total property sales7,4487,375-1.0%
Total dollar volume$1,943,771,966$1,894,976,160-2.5%
Total active listings28,50734,50421.0%
Single-family home sales6,1376,001-2.2%
Single-family average sales price$277,064$272,658-1.6%
Single-family median sales price$209,900$215,0002.4%
Single-family months inventory*2.83.628.6%
Single-family pending sales**7,6478,0184.9%

* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.
** Effective May 2015, in an effort to be consistent with industry standards, the Houston MLS is now including all categories of pending sales in its reporting. Previously, the Houston MLS did not include “option pending” and “pending continue to show” listings in its reporting of pending sales. The new methodology is now all-inclusive for listings that went under contract during the month.

Single-Family Homes Update
Single Family

Single-family home sales totaled 6,001 in March, a decrease of 2.2 percent from March 2015.

The average price dropped 1.6 percent to $272,658, while the median price rose 2.4 percent $215,000, a record high for a March in Houston. Days on Market (DOM), or the number of days it took the average home to sell, edged up to 58 days versus 54 in 2015.

Broken out by housing segment, March sales performed as follows:

  • $1 – $79,999: decreased 19.8 percent
  • $80,000 – $149,999: decreased 17.4 percent
  • $150,000 – $249,999: increased 8.1 percent
  • $250,000 – $499,999: decreased 2.5 percent
  • $500,000 and above: decreased 12.4 percent
Single Family Average Home Price

HAR also breaks out the sales figures for existing single-family homes. Existing home sales totaled 5,066 in March, down 1.0 percent versus the same month last year. The average sales price fell 2.7 percent year-over-year to $254,012 while the median sales price climbed 2.9 percent to $198,000.

Townhouse/Condominium Update

Sales of townhouses and condominiums rose 1.9 percent in March coming off of last month’s year-over-year decline of 10.5 percent. A total of 589 units sold compared to 578 properties in March 2015. The average price declined 2.0 percent to $193,483 while the median price rose 4.9 percent to $150,000. Inventory grew from a 2.6-months supply to 3.5 months.

Townhouse/Condominium Sales
Lease Property Update

Demand for single-family lease homes remained strong in March, climbing 9.0 percent, while townhomes/condominiums saw demand increase by 7.4 percent. The average rent for single-family homes edged up 0.6 percent to $1,736 while the average rent for townhomes/condominiums rose 1.7 percent to $1,596.

Houston Real Estate Highlights in March
  • Single-family home sales declined 2.2 percent compared to last March;
  • On a year-to-date basis, single-family home sales are up 1.0 percent;
  • Total property sales declined 1.0 percent to 7,375 units;
  • Total dollar volume fell 2.5 percent to $1.9 billion;
  • At 272,658, the single-family home average price was down 1.6 percent compared to last March;
  • The single-family home median price rose 2.4 percent year-over-year to an all-time March high of $215,000;
  • Single-family homes months of inventory climbed to a 3.6-months supply versus 2.8 months a year earlier;
  • Townhomes/condominium sales rose 1.9 percent with the average price down 2.0 percent to $193,483 and the median price up 4.9 percent to $150,000;
  • Leases of single-family homes climbed 9.0 percent with rents up a fractional 0.6 percent to $1,736;
  • Leases of townhomes/condominiums rose 7.4 percent with rents up 1.7 percent to $1,596.

The computerized Multiple Listing Service of the Houston Association of REALTORS® includes residential properties and new homes listed by 32,000 REALTORS® throughout Harris, Fort Bend and Montgomery counties, as well as parts of Brazoria, Galveston, Waller and Wharton counties. Residential home sales statistics as well as listing information for more than 50,000 properties may be found on the Internet at http://www.har.com.

The information published and disseminated to the HAR Multiple Listing Services is communicated verbatim, without change by Multiple Listing Services, as filed by MLS participants.

The MLS does not verify the information provided and disclaims any responsibility for its accuracy. All data is preliminary and subject to change. Monthly sales figures reported since November 1998 includes a statistical estimation to account for late entries. Twelve-month totals may vary from actual end-of-year figures. (Single-family detached homes were broken out separately in monthly figures beginning February 1988.)

Founded in 1918, the Houston Association of REALTORS® (HAR) is a 32,000-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 dues-paying membership trade association in Houston as well as the second largest local association/board of REALTORS® in the United States.

Keller Williams Real Estate Newsletter April 2016

Keller Williams Real Estate Newsletter April 2016

 

This Month in Real Estate
April 2016 Market Update
Monthly VideoHome sales contracted slightly in February as buyers faced a tight inventory along with a slight uptick in mortgage rates. Rising home prices, along with the risk of mortgage rate hikes, could indicate that buyers might feel the pressure to enter the market sooner rather than later.
Interest Rates
Interest RatesInterest rates rose slightly from last month, but remain flat when compared to February of last year. As rates threaten to creep up further, buyer affordability could potentially weaken. However, the risk of rising interest rates could spur new buyers to enter the market in the coming months to take advantage of historically low mortgage rates.
Home Sales
Home Sales

The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of 5.1 million homes for the month of February. This was a decrease of 7.1 percent from January, but an increase of 2.2 percent from February of last year. Currently, 2016 is outpacing 2015 by approximately 650,000 total home sales.

Home Price
Home Price

The median home price was $210,800 in February, which was down 1.4 percent from January but up 4.4 percent from last year. The median home price has grown by nearly $9,000 in the past year alone.

Inventory
Inventory

There was a 4.4-month supply of housing inventory in February, up from 4 months in January. The total number of homes for sale in February increased by 3.3 percent to 1.88 million homes nationwide, but that was still 20,000 fewer listings than February of last year.

Real Expert. Real Neighbor. Real Estate.
Brought to you by KW Research. For additional graphs and details, please see the This Month in Real Estate PowerPoint Report.The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed on This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Keller Williams Realty, Inc., does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. Keller Williams Realty, Inc., will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate.

 

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Jodie Collins,
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Keller Williams Professionals

(281) 444-3900
(832) 606-4615 (cell)

jodiecollins@kwrealty.com
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Copyright 2015 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated.

 

 

 

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Open House Sunday April 10th in Cypress Texas

Open House Sunday April 10th in Cypress Texas

MLS# 53242591

Open House Sunday April 10th in Cypress Texas from 1 to 3 pm CST

14023 Boerne Country Dr
Cypress, TX 77429

Asking $649,900

This is a new construction home that must sell! See it in person at our Open House Sunday April 10th in Cypress Texas. Beautiful staged and a must see!

Home Description:

HIGHLY MOTIVATED TO SELL! BEAUTIFUL STUCCO AND STONE HILL COUNTRY MODERN HOUSE. OPEN CONCEPT. WOOD FLOORS. 2 BEDROOMS DOWN. MASTER SUITE W/ BAY WINDOW, HIS/HERS CLOSETS. GUEST SUITE HAS BATH THAT CAN SERVE AS POOL BATH. 8FT DOORS. IRON STAIR SPINDLES WITH SOLID WOOD TREADS.KITCHEN WITH GRANITE COUNTERS AND KITCHENAIDE APPLIANCE PKG. RECLAIMED WOOD BEAM CEILING DETAIL IN FAMILY AND DINING. HUGE GAMEROOM. MEDIA ROOM. LARGE SECONDARY ROOMS. TEXAS BASEMENT. OVERSIZED 3 CAR GARAGE.

Open House Sunday April 10th in Cypress Texas

A special Thank You to Keechi Creek Builders for allowing the QBee Team to host an Open House with their beautiful custom home!

Highlighted Luxury Custom Builder Keechi Creek Builders

Highlighted Luxury Custom Builder Keechi Creek Builders

The QBee Team can’t thank Keechi Creek Builders enough for allowing us to host open houses at one of their beautiful homes for sale.

With that said, they are our next Highlighted Luxury Custom Builder Keechi Creek Builders!

Visit the Keechi Creek Builders website at http://www.keechicreekbuilders.com/

Services that they offer:

  • Design Services
  • Custom Homes
  • Remodeling

Neighborhoods that they are currently building in:

  • Towne Lake in Cypress
  • Rock Creek in Cypress
  • Willowcreek Ranch in Tomball
  • Kluge Lake in Cypress
  • Teaswood in Conroe
  • Northcrest Ranch in New Caney

If are interested in seeing any of their current inventory, or their custom home services, contact us today!

Luxury Custom Builder Keechi Creek Builders

14023 Boerne Country Dr

Open House Saturday March 26th in Cypress Texas

Open House Saturday March 26th in Cypress Texas

MLS# 53242591

Open House Saturday March 26th in Cypress Texas from 1 to 3 pm CST

14023 Boerne Country Dr
Cypress, TX 77429

Asking $649,900

This is a new construction home that must sell! See it in person at our Open House Saturday March 26th in Cypress Texas. Beautiful staged and a must see!

Home Description:

HIGHLY MOTIVATED TO SELL! BEAUTIFUL STUCCO AND STONE HILL COUNTRY MODERN HOUSE. OPEN CONCEPT. WOOD FLOORS. 2 BEDROOMS DOWN. MASTER SUITE W/ BAY WINDOW, HIS/HERS CLOSETS. GUEST SUITE HAS BATH THAT CAN SERVE AS POOL BATH. 8FT DOORS. IRON STAIR SPINDLES WITH SOLID WOOD TREADS.KITCHEN WITH GRANITE COUNTERS AND KITCHENAIDE APPLIANCE PKG. RECLAIMED WOOD BEAM CEILING DETAIL IN FAMILY AND DINING. HUGE GAMEROOM. MEDIA ROOM. LARGE SECONDARY ROOMS. TEXAS BASEMENT. OVERSIZED 3 CAR GARAGE.

Open House Saturday March 26th in Cypress Texas

A special Thank You to Keechi Creek Builders for allowing the QBee Team to host an Open House with their beautiful custom home!