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Hello All!
I am back from a little hiatus. We were finishing up a little remodel and juggling clientele with our prospective businesses. It is officially the "busy" season, and I am happy to be writing to you from my new Bellaire Home Office!!!......although not quite organized......nor is the "stuff" in the garage/TX storage unit!
MID JUNE QUOTE:
"I don't know how you did it, but whatever you do from now on, BE HAPPY!"
--My Mom
SPORTS:
Congrats to the Stanley Cup Champions, Pittsburgh Penguins. The Pens beat the Smashville Preds in 6 games.
Congrats to Golden State Warriors! The Dubs, as they call them, beat The Clevelands Cavs in 5 games......almost a sweep.....almost.
HOUSTON ASTROS: Still the best record in The Bigs......keep it up boys and stay healthy!!! Ticket info: minutemaidparkhouston.ticketoffices.com/
HOUSTON DYNAMO: Currently 3rd in their division w/ 23 pts. Go out and see them! Ticket info: https://www.houstondynamo.com/tickets
COLLEGE WORLD SERIES: U of H Cougs and Rice U. Owls have unfortunately been eliminated in the Road to the College World Series. Better luck next year boys!! To keep up with the CWS, here ya go!: https://www.ncaa.com/interactive-bracket/baseball/d1/2017
SUGAR LAND SKEETERS: Having a tough year so far. Get out and support them!: https://www.sugarlandskeeters.com/
MID JUNE UPDATE:
This will be a little more long winded, since I haven't spoken to you in a little while. A little bit about the quote above. So May/June is graduation time, and I remember what my Mom said to me after I saw her after my High School graduation commencement was over, while she hugged me.
A little history, I was only a good student when I made an effort......LOL! And, I think I had a little negotiating to do with my Humanities teacher, Mr. Stotts....not really ; )
I was an A student second half of freshman year and all of sophomore year. In the beginning of my junior year, I began a "real" part-time job. As a matter a fact on that 16th birthday fall of 1987, I got my driver's license and started my first tax paying job at Braemar Arena in Edina, MN.
Yes, I had mowed yards, shoveled driveways, and refereed soccer from age 10 or so, but my 16th birthday was a big day for the rest of my life. Well after that, I seemed to take more pride in working than school work.
So what does this have to do with Real Estate?......ABSOLUTELY NOTHING!!!....LOL! Many of you have celebrated with a graduate this May/June, and it brought back a memory from my Mom.
Embrace all of your Grads, encourage them to work hard, have fun, be smart, and BE HAPPY!!!
Ok, so now little Real Estate news. Houston Real Estate is still good. Things are hottest in $750K+ and $150-$250K. We have just over 4 months of inventory, and it is STILL a SELLERS market as the Avg. and Median prices are UP!
Multiple Listing Service of the Houston Association of REALTORS® includes residential properties and new homes listed by 36,000 REALTORS®
MLS Report for May 2017
Market continues to outpace last year’s record performance
HOUSTON — (June 13, 2017) — Sales and rentals of homes throughout greater Houston continue to outpace 2016’s record performance, as May marked another month of strong consumer activity and growing inventory. The greatest sales gains took place among homes priced from $750,000 and above (categorized as the luxury market), followed by homes in the $150,000 to $249,999 range. May marked the seventh consecutive month of rising sales in the luxury segment.
A total of 8,156 single-family homes sold in May versus 7,315 a year earlier, according to the latest monthly report produced by the Houston Association of Realtors (HAR). That represents an 11.5 percent increase. On a year-to-date basis, home sales are ahead of 2016’s volume by 7.4 percent. New listings elevated inventory levels from a 3.6-months supply to 4.1 months, the highest in nearly five years.
"The Houston housing market had another strong showing in May with sales and rental properties alike, and inventory continues to accommodate the growing demand,” said HAR Chair Cindy Hamann with Heritage Texas Properties. "If we can maintain this pace, there’s no doubt that 2017 will be a record year for Houston real estate."
The single-family home median price (the figure at which half of the homes sold for more and half sold for less) climbed 4.4 percent to $235,000. That marks the highest median price of all time. The average price rose 4.3 percent to $302,362, the second highest average ever.
May sales of all property types in Houston totaled 9,744, up 12.3 percent from the same month last year. Total dollar volume for properties sold in May shot up 17.4 percent to $2.8 billion.
The Houston real estate market benefited from gains in all measurements during the month of May, with single-family home sales, total property sales, total dollar volume, inventory and pricing all up compared to May 2016.
Month-end pending sales for single-family homes totaled 8,808, up 18.2 percent compared to last year. Total active listings, or the total number of available properties, jumped 16.4 percent from May 2016 to 41,257.
Single-family homes inventory grew from a 3.6-months supply to 4.1 months. For perspective, housing inventory across the U.S. currently stands at a 4.2-months supply, according to the latest report from the National Association of Realtors (NAR).
| CATEGORIES | MAY 2016 | MAY 2017 | CHANGE |
| Total property sales | 8,676 | 9,744 | 12.3% |
| Total dollar volume | $2,376,765,737 | $2,790,499,524 | 17.4% |
| Total active listings | 35,431 | 41,257 | 16.4% |
| Single-family home sales | 7,315 | 8,156 | 11.5% |
| Single-family average sales price | $289,843 | $302,362 | 4.3% |
| Single-family median sales price | $225,000 | $235,000 | 4.4% |
| Single-family months inventory* | 3.6 | 4.1 | 0.5 mos. |
| Single-family pending sales | 7,454 | 8,808 | 18.2% |
* 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.
Single-family home sales totaled 8,156, up 11.5 percent from May 2016, when it was 7,315. The median price rose 4.4 percent to an all-time record high of $235,000. The average price climbed 4.3 percent to $302,362, the second highest of all time. The highest average price was $302,629, reached in June 2015.
Days on Market (DOM), or the number of days it took the average home to sell, declined slightly to 51 days versus 53 last year. Inventory rose from a 3.6-months supply to 4.1 months, matching a level not seen since November 2012.
Broken out by housing segment, May sales performed as follows:
HAR also breaks out the sales figures for existing single-family homes. Existing home sales totaled 6,891 in May, up 13.3 percent versus the same month last year. The average sales price increased 5.2 percent to $290,696 while the median sales price also rose 5.2 percent to $221,000.
Townhome and condominium sales were up again in May, soaring 16.5 percent with a total of 728 units sold. The average price increased 3.1 percent to $206,363, while the median price edged up 0.9 percent to $163,500. Inventory grew from a 3.4-months supply to 4.2 months.
Houston's lease market surged in May, with strong consumer demand among both single-family and townhome/condominium properties. Single-family home leases shot up 31.0 percent while townhome/condominium leases rocketed 46.2 percent. The average rent for single-family homes declined 4.2 percent to $1,779, while the average rent for townhomes/condominiums dropped 6.7 percent to $1,565.
So until next time.....I think a little MYTHS & TRUTHS of real estate will be fun to explore.
Stay tuned and Thank you for your interest in the @RelyOnTodd (Todd Johnson Real Estate Agent) blog!!!
May 2017 continue to be a fantastic year, full of prosperity and successes!!!
God Bless our Troops, our Public Safety Officers, and our USA!!!
https://www.woundedwarriorproject.org/
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