I don't know if it is just me, but October is flying by and as of today, it is actually starting to feel like fall. It should even be in the 60s tonight. Hello cold(ish) front!
Today is Monday, and on Mondays I focus on my neighborhood, Memorial Northwest. You can find last week's update at this link here. Today I will be giving a general overview and comparing this past week in 2017 vs the same week in 2016. Feel free to reach out if you have any specific questions.
Here on the Odds of Selling Your Home graph, you can see that there are currently 34 active and available homes on the market and 9 pending. In the last 12 months, an average of 8.3 homes have sold each making, leaving us with a current inventory of 5.2 months of supply. Compared to last update, we have one less home on the market, and one less pending home. If I am not mistaken, this means one home closed. The homes selling per month has dropped by .1 and the months of inventory has decreased by .1.
One of those pending homes (the yellow diamond shape) is actually my listing on Naremore that is set to close before the end of the month. I am super excited about that.
So yes, above, is an updated scattergram with the year to date sold homes and the current homes on the market. This graph gives you a basic idea of what you could sell or purchase a home for in the neighborhood when mapping it according to square footage. The blue circles towards the bottom were homes needing work, updating, and/or were foreclosures. The homes above the line are typically newly renovated homes.
When comparing this past week of last year to this past week of this year, I could see that 3 homes sold in 2016, and 1 home sold this year. When comparing all of September, 10 home sold this year, compared to 8 in 2016. So even though our September is up this year compared to last year, I believe we will still not hit the amount of homes sold in total for 2016, which was 123. I think this is because we have had a really low amount of inventory this year. I remember searching for clients before the summer, and during the summer, and I remember just not having many options for them.
If you would like some more specific data, please reach out to me. Until next time..
We are so happy you found our little corner of the interwebs. We look forward to y'all reaching out to us. We love to answer questions and welcome them. Recently we created some local maps, and you can download those by clicking the image/link above. Below, you will find an index of some very helpful information to assist you in learning more about the Houston suburbs. If you are relocating to our neck of the woods, we hope you reach out to us, because we would love to help you by being your local realtor and friend. Hugs, Jo.
Thoughtfully written for you by Jordan and the Jo & Co. Team.
We are Waiting for You
If you are looking to relocate to the Houston Area, we would love to meet you, and hear your story. Below you will find all of my contact information, as well as some homes for sale in the area. We truly look forward to hearing from you! P.S. Don't forget to check out our YouTube Channel!
If you are overwhelmed..
Now if you are feeling overwhelmed on where you should plant your roots, I would love to talk to you. You can schedule a call with me by click this link: http://byjoandco.com/call or just send us an email: [email protected]. There are some amazing communities all over the Houston suburbs. In this post, https://search.byjoandco.com/blog/best-neighborhoods-in-houston/, I deep dive into all the different suburbs/neighborhoods that you might want to consider, and why. There are many resources here, so please reach out if you are curious what to look at next! Thank you for trusting us.
Links to check out..
➟ Our YouTube Channel :: http://byjoandco.com/youtube
➟ How do property taxes work in Texas? :: http://byjoandco.com/propertytaxesintexas
➟ Things to do in The Woodlands :: http://byjoandco.com/inthewoodlands
➟ Safest Neighborhoods in Houston :: http://byjoandco.com/safesthouston
➟ Best Neighborhoods in Houston :: http://byjoandco.com/bestneighborhoods
➟ Houston Texas Where to Live :: http://byjoandco.com/houstontexaswheretolive
➟ First Time Texas Home Buyer :: http://byjoandco.com/firsttimetexasbuyer
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Visit the Jo & Co. YouTube Channel
At Jo & Co. we know that most people struggle with the home buying or selling experience. We are a brokerage, real people, that do more for you, by being with you every step of the way, so that you plant your roots in the right soil. One way that we go above and beyond is with the content we share on YouTube. Click the photo below to explore our channel.