HAPPY NEW YEAR!!! #@RelyOnTodd (Todd Johnson Real Estate Agent)

HAPPY NEW YEAR EVERYONE!!!

Another year is almost behind us. I hope all of you had a happy and successful 2016. I know some of you/us had some loss and challenges this past year. My thoughts and prayers go out to any of you that may still be mourning and/or working through any challenges. Stay Strong!!!......you have support all around you!

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Quote(s) of The Day:

Year's end is neither an end nor a beginning but a going on, with all the wisdom that experience can instill in us.---Hal Borland

Your success and happiness lies in you. Resolve to keep happy, and your joy and you shall form an invincible host against difficulties.--- Helen Keller

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CRE NEWS:

Whether you agree with the election or not, here is an interesting article impact of a Trump Presidency on commercial real estate:

https://www.bisnow.com/national/news/capital-markets/trumps-shocking-claim-to-the-white-house-and-its-impact-on-cre-67484

The Biggest Commercial Real Estate Stories Of 2016: https://www.bisnow.com/archives/newsletter/local-real-estate/houston/10747-the-biggest-commercial-real-estate-stories-of-2016/?be=relyontodd%40gmail.com&utm_source=Newsletter&utm_medium=email&utm_campaign=thu-29-dec-2016-000000-0600_houston-re

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RESIDENTIAL NEWS:

HOUSTON HOME SALES SURGE IN NOVEMBER

Luxury market enjoys its first sales increase in over a year

HOUSTON — (December 14, 2016) — The Houston housing market registered healthy gains in November thanks to more plentiful inventory, with single-family home sales surging nearly 23 percent compared to one year earlier when oil jitters sent sales tumbling. Sales among luxury homes (priced at $500,000 and above) —the segment most constrained by the ailing energy industry— leapt almost 33 percent. That represents the first increase that segment has seen since August 2015. For perspective, the increases place the market about 10 percent ahead of 2014 sales volumes.

Homes priced between $150,000 and $500,000 enjoyed continued strong homebuyer demand. In addition, both median and average price reached record highs for a November...........................

November Monthly Market Comparison

The Houston housing market saw across-the-board gains in November, with single-family home sales, total property sales, total dollar volume and pricing all up compared to November 2015.

Month-end pending sales for single-family homes totaled 5,799, an increase of 15.5 percent compared to last year. Total active listings, or the total number of available properties, rose 8.6 percent from November 2015 to 36,151.

Single-family homes inventory grew from a 3.4-months supply to 3.6 months. For perspective, housing inventory across the U.S. currently stands at a 4.3-months supply, according to the latest report from the National Association of Realtors (NAR).

CATEGORIES	NOVEMBER 2015	NOVEMBER 2016	CHANGE
Total property sales	5,676	6,890	21.4%
Total dollar volume	$1,420,028,031	$1,827,990,565	28.7%
Total active listings	33,298	36,151	8.6%
Single-family home sales	4,651	5,706	22.7%
Single-family average sales price	$262,811	$281,671	7.2%
Single-family median sales price	$205,000	$222,000	8.3%
Single-family months inventory*	3.4	3.6	0.2 mos.
Single-family pending sales	5,019	5,799	15.5%

* 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 had a mixed performance in November. Single-family home leases rose 3.2 percent, while townhome/condominium leases declined 2.4 percent. The average rent for single-family homes was up 1.0 percent to $1,724, while the average rent for townhomes/condominiums was down 2.6 percent to $1,498.

Houston Real Estate Highlights in November

Single-family home sales soared 22.7 percent with 5,706 units sold—representing the greatest year-over-year sales volume increase for a single month since July 2013;
On a year-to-date basis, single-family home sales were up 2.7 percent;
Total property sales jumped 21.4 percent to 6,890 units;
Total dollar volume increased 28.7 percent to $1.8 billion;
At $222,000, the single-family home median price rose 8.3 percent to a November high;
The single-family home average price increased 7.2 percent to $281,671, which was also the highest level for a November;
Single-family homes months of inventory climbed to a 3.6-months supply;
Townhome/condominium sales increased 14.6 percent, with the average price up 12.6 percent to $208,388 and the median price up 22.0 percent to $163,000;
Leases of single-family homes rose 3.2 percent with average rent up slightly to $1,724;
Leases of townhomes/condominiums fell 2.4 percent with average rent down 2.6 percent to $1,498.

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

May 2017 be a fantastic year, full of prosperity and successes!!!

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

https://www.woundedwarriorproject.org/

https://www.the100club.org/

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