MID OCTOBER BLOG #@RelyOnTodd (Todd Johnson Real Estate Agent) - Todd Johnson

MID OCTOBER BLOG #@RelyOnTodd (Todd Johnson Real Estate Agent)

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BOOOO!!!  It's almost Halloween!  And, YES, Sea Lion on a Boat in Cabo!!!

Yes, that is a Sea Lion on a boat and me sporting my Cubs apparel!!!  (Some of you may know that I have be in Texas for, going on 17 years, now, was born in Chicago, relocated to Minneapolis around age 8, and relocated to Texas in very late 1999, hence sometimes you''ll see me in Cubs, Bears, and Blackhawks apparel and sometimes in Texans and Astros apparel.  (So a couple of relocations, moving "8" times during college and thereafter, qualifies me understanding how important selling your house, helping you buy a new house, or rent a place is.......#@RelyOnTodd.....a little plug cant' hurt, right?)

But I digress.  So back to the Sea Lion.   My awesome girlfriend and her friend treated me to a fishing outing in Cabo for my birthday.  We didn't catch a thing, and actually almost alll of the boats from the marina came back in with a HUGE GOOSE EGG!!!-- nada, 0, nothing.  It was a couple weeks early before the Sea of Cortez and the Pacific around the Cabo Arch really pick up.  Needless to say, after years of boats coming back into the marina, the sea lions and pelicans have figured out that most boats have left over bait.  Therefore you get swimming and flying visitor on your way back to dock the boat.  And being said, it isn't uncommon to feed them from the back of the boat. 

They call most of the big sea lions "Pancho", and so "Pancho" saw that Mario and Jesus had opened the back hatch, and he jumped on the boat.  It was the coolest thing.  Pancho is really just a big dog with flippers.  It was very cool.  Add that to your bucket lists, my friends!!!

So even though it heated up a little this past weekend, Htown will be nice and cool mid week.  And if you hadn't noticed, the football season is taking shape, even though it wasn't pretty, the Texans pulled it off last night.  Brock was a little off last night, and they are still calling those gosh darned 3 and 4 yard passes when they need 8 or more yards, but we'll take the W and appreciate the "no give up" effort.  Nice jobs Boys!!!  (And how Da Bears can lose to Jacksonville......well......I don't really have much to say about that.) 

Oh, did I mentioned the Cubs are in the NLCS tied 1-1 with the LA Dodgers?  And the NHL has begun--Go 'Hawks!!!   The Rockets first game is regular season game is on Wed. 10/26 vs. the LA Lakers.  One last sports note, the Big XII is announcing expansion or not today.  U of H Cougars in the Big XII???......we'll see.

Have a great rest of October.  Happy Halloween!!!

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QUOTE OF THE DAY:

"If it were easy, everyone would do it.  It's the hard that makes if Great!"

--Tom Hanks

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A little Htown Restaurant/Bars News!!!

https://www.chron.com/entertainment/restaurants-bars/article/Winners-of-the-2016-Houston-Culinary-Awards-9619164.php

A shout out to Treadsack Group, Clark Cooper Concepts, Killen's, State of Grace, Agricole Hospitality, Cherry Pie Hospitality, Brennan's, Southern Goods, Benjy's, and MANY more for the awards you have achieved and making Htown and AWESOME foodie town!  Keep those concepts a comin'!!!

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Reminder that October is Breast Cancer Awareness Month, #nbcam

Please also support Breast Cancer Awareness month!!!  One organization I have an affinity to is the Young Survivors Coalition (YSC): https://www.youngsurvival.org/search/node/houston

But there are other organizations and events where you can show your support.  Here are just a few::

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Commercial Real Estate News:

https://www.bisnow.com/houston?utm_source=MorningBrief&utm_medium=email&utm_campaign=20161014_houston_morningbrief&be=relyontodd%40gmail.com

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Residential Real Estate Update:

HOUSTON AREA HOME SALES EASE SLIGHTLY IN SEPTEMBER

Mid-range housing is the sweet spot; prices reach September highs

HOUSTON (October 13, 2016) Unlike the temperature, single-family home sales throughout greater Houston cooled a bit in September, with a fractional 0.5 percent year-over-year decline. Homes priced between $150,000 and $500,000 saw positive sales volume while the market’s high and low ends experienced declines. Both median and average price reached record highs for a September.

According to the latest monthly report prepared by the Houston Association of REALTORS® (HAR), a total of 6,652 homes sold in September compared to 6,685 a year earlier. On a year-to-date basis, however, home sales are up 1.3 percent compared to this point in 2015. Inventory levels rose from a 3.5-months supply to 3.9 months.

"With home sales ahead of where they were at this time last year – a record sales year – in a market that continues to suffer energy-related job losses, I believe we’re doing well,” said HAR Chairman Mario Arriaga with First Group. “Inventory is still moving in the right direction, and consumers that were not buying homes in September accounted for strong rental activity throughout the month."

The single-family home median price—the figure at which half of the homes sold for more and half sold for less—rose 4.8 percent to $219,990. That is the highest median price ever for a September. The average price increased 2.4 percent to $277,849, which is also a September high.

September sales of all property types in Houston totaled 7,893, down 1.6 percent from the same month last year. Total dollar volume for properties sold in September was unchanged at $2.1 billion.

September Monthly Market Comparison

Houston's monthly housing market indicators generated largely positive readings compared to September 2015. On a year-over-year basis, single-family homes sales and total property sales declined slightly, total dollar volume was flat, and both the median and average home prices climbed to record September highs.

Month-end pending sales for single-family homes totaled 6,501, an increase of 10.5 percent compared to last year. Total active listings, or the total number of available properties, at the end of September rose 11.6 percent from September 2015 to 37,955.

Single-family homes inventory edged up from a 3.5-months supply to 3.9 months. For perspective, housing inventory across the U.S. currently stands at a 4.6-months supply, according to the latest report from the National Association of Realtors (NAR).

CATEGORIES SEPTEMBER 2015 SEPTEMBER 2016 CHANGE
Total property sales 8,024 7,893 -1.6%
Total dollar volume $2,082,878,687 $2,081,536,356 -0.1%
Total active listings 34,020 37,955 11.6%
Single-family home sales 6,685 6,652 -0.5%
Single-family average sales price $271,466 $277,849 2.4%
Single-family median sales price $210,000 $219,990 4.8%
Single-family months inventory* 3.5 3.9 0.4 mos.
Single-family pending sales 5,882 6,501 10.5%

* 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.

Lease Property Update

The lease market yielded a strong performance in September. Single-family home leases rose 5.4, while townhome/condominium leases jumped 10.8 percent. The average rent for single-family homes was down 1.8 percent at $1,764 while the average rent for townhomes/condominiums declined 1.0 percent to $1,524.

Houston Real Estate Highlights in September
  • Single-family home sales declined 0.5 percent with a total of 6,652 units sold;
  • On a year-to-date basis, single-family home sales were up 1.3 percent;
  • Total property sales were down 1.6 percent to 7,893 units;
  • Total dollar volume was unchanged at $2.1 billion;
  • At $219,990, the single-family home median price rose 4.8 percent to a September high;
  • The single-family home average price increased 2.4 percent to $277,849, which was also the highest level for a September;
  • Single-family homes months of inventory climbed to a 3.9-months supply;
  • Townhome/condominium sales fell 3.1 percent, with the average price down 3.7 percent to $199,240 and the median price down 4.8 percent to $147,600;
  • Leases of single-family homes rose 5.4 percent with average rent down slightly to $1,764;
  • Leases of townhomes/condominiums shot up 10.8 percent with average rent down 1.0 percent to $1,524.
  • 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 https://www.har.com.

    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 https://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.

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Thank you for your interest in the @RelyOnTodd (Todd Johnson Real Estate Agent) blog!!!

God Bless our Troops, our Public Safety Officers, and our USA!!!

https://www.woundedwarriorproject.org/

https://www.the100club.org/

Image result for american flag

#@RelyOnTodd

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