4. REAL ESTATE MARKET REPORT
THE KINGWOOD MARKET REPORT
Monday, June 4, 2012 Jim Slack and Kendra Lee
Broker: Prudential Gary Greene Realtors
info@therealtynation.com
832.304.3279
ABSORPTION RATE
MARKET SUMMARY TABLE 168 PENDING [2] 136 OFF-MARKET (last 6 mos) [3] (months of inventory)
A = Average Value
M = Median Value
N/A = Not Available
436 ACTIVE [1] 392 SOLD/CLOSED (last 6 months) [4]
Price Range Days Current Days Original Final Sold/ List-
Num Num Pend Num Num Est.
on List on List List Closed Sale
Low High # # Ratio # # Mos.
Market Price Market Price Price Price Ratio
A 61 $ 41,950 $ 41,950 $ 32,450 77%
$0 $49,999 0 0 0 2 N/A
M 61 $ 41,950 $ 41,950 $ 32,450 77%
A 84 $ 88,659 A 64 $ 94,224 $ 85,885 $ 82,273 96%
$50,000 $99,999 14 14 50% 2 36 2.3
M 57 $ 89,164 M 45 $ 95,000 $ 85,650 $ 84,500 99%
A 74 $ 127,292 A 84 $ 136,312 $ 131,187 $ 127,656 97%
$100,000 $149,999 94 42 31% 43 115 4.9
M 53 $ 128,400 M 66 $ 135,000 $ 130,000 $ 127,000 98%
A 71 $ 171,022 A 68 $ 178,511 $ 174,721 $ 170,335 97%
$150,000 $199,999 99 39 28% 37 83 7.2
M 46 $ 165,000 M 44 $ 175,000 $ 171,950 $ 167,000 97%
A 60 $ 227,377 A 59 $ 234,443 $ 227,483 $ 222,469 98%
$200,000 $249,999 74 27 27% 23 53 8.4
M 42 $ 225,000 M 36 $ 229,900 $ 225,000 $ 221,000 98%
A 78 $ 276,149 A 63 $ 282,343 $ 274,259 $ 268,276 98%
$250,000 $299,999 58 16 22% 13 37 9.4
M 62 $ 275,000 M 40 $ 279,900 $ 275,000 $ 265,000 96%
A 62 $ 327,939 A 80 $ 347,347 $ 332,360 $ 321,893 97%
$300,000 $349,999 23 8 26% 4 15 9.2
M 37 $ 329,900 M 42 $ 349,900 $ 329,900 $ 320,000 97%
A 85 $ 370,502 A 92 $ 396,700 $ 380,780 $ 368,833 97%
$350,000 $399,999 12 7 37% 2 15 4.8
M 93 $ 366,250 M 41 $ 379,900 $ 374,900 $ 365,000 97%
A 108 $ 433,566 A 44 $ 439,088 $ 437,242 $ 423,665 97%
$400,000 $449,999 20 4 17% 5 13 9.2
M 95 $ 438,413 M 17 $ 445,000 $ 444,000 $ 417,500 94%
A 109 $ 478,989 A 83 $ 497,755 $ 489,382 $ 477,572 98%
$450,000 $499,999 9 1 10% 2 10 5.4
M 18 $ 485,000 M 45 $ 494,900 $ 489,450 $ 477,724 98%
A 91 $ 532,372 A 98 $ 539,367 $ 554,930 $ 515,314 93%
$500,000 $549,999 5 1 17% 0 5 6
M 54 $ 532,061 M 31 $ 525,000 $ 555,215 $ 515,000 93%
A 96 $ 575,117 A 264 $ 647,967 $ 591,633 $ 579,333 98%
$550,000 $599,999 6 1 14% 1 3 12
M 75 $ 577,000 M 321 $ 598,900 $ 595,000 $ 570,000 96%
A 328 $ 621,950 A $ 619,900 $ 619,900 $ 612,000 99%
$600,000 $649,999 2 2 50% 1 1 12
M 328 $ 621,950 M $ 619,900 $ 619,900 $ 612,000 99%
A 178 $ 681,483 A 20 $ 674,950 $ 674,950 $ 660,000 98%
$650,000 $699,999 7 0 1 2 21
M 94 $ 689,900 M 20 $ 674,950 $ 674,950 $ 660,000 98%
A 180 $ 971,746 A 34 $ 1,029,450 $ 1,024,950 $ 955,875 93%
$700,000 + 13 6 32% 2 2 39
M 172 $ 894,000 M 34 $ 1,029,450 $ 1,024,950 $ 955,875 93%
Market Totals 436 168 28% 136 392 6.7
Market Averages 80 $ 258,511 73 $ 222,848 $ 216,358 $ 210,114 97%
Market Medians 54 $ 210,500 45 $ 179,700 $ 173,325 $ 168,000 97%
Date Range (Off-Market & Sold) = 12/05/2011 to 06/04/2012
Favors Sellers Favors Buyers
Data believed to be accurate but not guaranteed.
Status = [1] act; [2] op, pend, PSHO; [3] exp; [4] closd
ZipCode = 77339, 77345
PropType = RES
Real Market Reports 3 Market Summary Table
RealMarketReports.com
5. REAL ESTATE MARKET REPORT
THE KINGWOOD MARKET REPORT
Monday, June 4, 2012 Jim Slack and Kendra Lee
Broker: Prudential Gary Greene Realtors
info@therealtynation.com
832.304.3279
1. PROPERTIES FOR SALE (ACTIVE)
a. Number Active: The number of listings for sale which are currently being marketed but do not yet have a purchase
agreement.
b. Days on Market (DOM): The marketing period of currently active listings. This does not account for some listings
which have had a previous listing period, but were re-entered as a new listing.
c. Current List Price: The price that a property seller is currently asking.
2. CONTRACTS PENDING
a. Number Pending: The number of current listings for which a contract has been signed but has not yet closed.
b. Pending Ratio: Sometimes called a “list-to-pending ratio”. This is a measure of how fast properties are going under
contract vs. how fast they are being listed.
Pending Ratio = P (Number of Pending Listings)
A+P (Number of Active + Pending)
(P) represents properties that buyers have chosen
(A+P) represents the entire pool from which they have chosen
3. OFF-MARKET
a. Number Off-Market: The number of listing agreements that have failed to close in the last 6 months. Some
owners may choose to re-offer their property for sale.
4. PROPERTIES SOLD (CLOSED CONTRACT)
a. Number Sold: The number of properties that have gone to a closing in the last 6 months.
b. Days on Market (DOM): The marketing time it has taken properties to sell in the last 6 months.
c. Original List Price: The price at which a sold property was originally marketed.
d. Final List Price: The price at which a sold property was marketed just prior to selling.
e. Sold/Closed Price: The price for which a property sold.
f. List to Sales Ratio: The percentage of the list price that the buyer ultimately paid for the property.
List to Sales Ratio = Sold Price
Final List Price
5. ABSORPTION RATE / MONTHS OF INVENTORY
a. Absorption Rate / Months of Inventory: An estimate of how fast listings are currently selling measured in months.
For example, if 100 properties sell per month and there are 800 properties for sale - there is an 8 month supply of
inventory before counting the additional properties that will come on the market.
Real Market Reports 4 Glossary
RealMarketReports.com
