Real Estate Solutions of Texas | Perspective

Real Estate Investing - an active Investors perspective.

Monday, March 05, 2007

Sales Statistics

Below is an analysis of homes that sold in the last 6 months and homes that are on the Market.  The same criteria was used as before:

 

77382, 2 or 3 BR, < 1800 sf

 

A - 3 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1656

2

2

0

110.447

182900

0

0

0 %

4

Avg

1715.333

2.333

2

0

115.002

197267

0

0

0 %

6.67

Max

1792

3

2

0

122.712

219900

0

0

0 %

11

Median

1698

2

2

0

111.307

189000

0

0

0

5

 

S - 12 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1455

2

2

0

86.348

140000

86.348

140000

94 %

3

Avg

1615.25

2.833

2

0

95.377

154058

93.741

151415.833

98.3 %

28.83

Max

1776

3

2

0

107.072

170000

105.155

161500

100 %

105

Median

1625.5

3

2

0

94.709

152900

92.686

151220

97.5

14.5

 

77382, 2 or 3 br, 1800 to 2300 sf

 

A - 23 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1860

3

2

0

85.561

160000

0

0

0 %

1

Avg

2091.522

3

2

0.391

100.98

211201

0

0

0 %

41.26

Max

2293

3

2

1

133.418

305928

0

0

0 %

251

Median

2105

3

2

0

100

209500

0

0

0

21

 

S - 48 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1820

2

2

0

80

164900

79.135

160000

93 %

0

Avg

2047.771

2.917

2

0.229

96.033

196654

94.534

193584.688

98.4 %

43.33

Max

2293

3

2

1

120.658

249900

119.109

249900

103 %

181

Median

2035

3

2

0

95.342

194400

93.819

190000

98

31.5

 

77382, 4+ br, 1800 to 2300 sf

 

A - 11 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1927

4

2

0

76.543

164900

0

0

0 %

2

Avg

2194.636

4

2

0.727

95.33

209214

0

0

0 %

31.45

Max

2291

4

2

1

120.035

275000

0

0

0 %

69

Median

2201

4

2

1

93.809

200000

0

0

0

32

 

S - 30 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1816

4

2

0

73.965

167900

71.366

162000

92 %

3

Avg

2185.8

4

2

0.533

97.065

212164

95.021

207697.967

97.9 %

57.2

Max

2299

4

2

2

124.833

286867

121.221

278567

102 %

340

Median

2207.5

4

2

0.5

95.238

204499.5

93.682

201000

97.5

46

 

77381, 2 or 3 br, up to 1500 sf

A - 3 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1150

2

2

0

88.82

120000

0

0

0 %

5

Avg

1366.333

2.667

2

0

106.001

144833

0

0

0 %

11.33

Max

1491

3

2

0

124.078

185000

0

0

0 %

20

Median

1458

3

2

0

104.348

129500

0

0

0

9

 

S - 22 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1066

2

1

0

64.022

89900

66.074

89900

95 %

3

Avg

1345.182

2.909

1.955

0.091

85.179

114581

84.705

113943.182

99.4 %

28.36

Max

1485

3

2

1

95.295

129900

92.637

130000

103 %

141

Median

1390.5

3

2

0

86.84

115500

86.6

115125

99.5

12

 

77381, 2 or 3 BR, 1500 to 2200 sf:

A - 23 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1503

2

2

0

47.72

87900

0

0

0 %

1

Avg

1839.87

2.957

2

0.565

88.046

161993

0

0

0 %

41.87

Max

2176

3

2

1

140.726

299184

0

0

0 %

161

Median

1798

3

2

1

83.772

155000

0

0

0

22

 

S - 49 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1502

2

2

0

61.694

117900

60.773

117900

84 %

0

Avg

1891.633

2.959

2

0.571

85.119

161013

83.594

158129.571

98.2 %

29.02

Max

2191

3

2

1

143.929

305994

122.324

260061

105 %

157

Median

1926

3

2

1

84.459

159000

82.16

154900

98

20

 

77381, 4+ br, up to 2200 sf:

A - 10 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1475

4

2

0

62.176

120000

0

0

0 %

3

Avg

1922

4

2

0.5

78.317

150525

0

0

0 %

49.7

Max

2116

4

2

1

90.304

190000

0

0

0 %

161

Median

2016

4

2

0.5

80.45

146225

0

0

0

33.5

 

S - 21 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1062

4

2

0

66.346

96500

62.729

96600

92 %

0

Avg

1881.238

4

2

0.524

79.754

150037

78.045

146821.429

97.9 %

47.76

Max

2200

4

2

1

106.489

219900

106.538

220000

102 %

147

Median

1952

4

2

1

78.663

148900

76.563

141000

98

44

 

77380, 2 or 3 br, up to 1500 sf

         

A - 4 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1102

2

1

0

71.429

95000

0

0

0 %

7

Avg

1191

2.75

1.5

0.25

84.761

100950

0

0

0 %

50.25

Max

1330

3

2

1

99.728

109900

0

0

0 %

83

Median

1166

3

1.5

0

85.388

99450

0

0

0

55.5

 

S - 29 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1056

3

1

0

54.512

74900

50.946

70000

86 %

4

Avg

1304.069

3

1.793

0.172

79.451

103609

76.124

99271.552

95.8 %

67.9

Max

1471

3

2

1

101.57

129800

102.208

125000

102 %

172

Median

1314

3

2

0

80.237

107900

77.339

104000

96

62

 

77380, 2 or 3 br, 1501 to 2200 sf

A - 18 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1512

3

2

0

52.493

80000

0

0

0 %

1

Avg

1690.111

3

2

0.278

76.297

128950

0

0

0 %

70.22

Max

2088

3

2

1

101.987

189900

0

0

0 %

147

Median

1641.5

3

2

0

74.207

127449.5

0

0

0

60

 

S - 43 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1512

3

1

0

44.145

73810

43.986

75000

88 %

3

Avg

1764.628

3

1.977

0.302

72.518

127967

71.119

125499.349

98.1 %

53.74

Max

2143

3

2

1

93.019

182500

90.169

178000

103 %

209

Median

1737

3

2

0

73.455

128500

71.429

126400

98

40

 

77380, 4+ br, to 2200 sf:

A - 2 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1390

4

2

0

82.374

114500

0

0

0 %

7

Avg

1598.5

4

2

1

88.833

142000

0

0

0 %

17.5

Max

1807

4

2

2

93.802

169500

0

0

0 %

28

Median

1598.5

4

2

1

88.088

142000

0

0

0

17.5

 

S - 12 Properties Found

 

SqFt

Beds

FB

HB

LP/SqFt

List Price

SP/SqFt

Sale Price

SP/LP %

DOM

Min

1491

4

2

0

62.751

119000

60.743

115360

80 %

9

Avg

1898.833

4

2

0.833

76.722

145683

73.679

139904.583

96 %

54

Max

2150

4

2

1

117.005

236000

112.543

227000

102 %

196

Median

1976

4

2

1

71.468

135000

70.954

130250

97

32.5

 

The Woodlands Rental Market

Below is a basic analysis of the Market Rents and DOM for The Woodlands. This is broken down by zip code, #brs and square foot ranges. A little about how the Woodlands was built will help you understand these numbers better:

The Woodlands started in Zip code 77380, the first Village was Grogan’s Mill. Panther Creek was the next village. It lies in zip code 77381. Cochrans Crossing and Indian Springs are also in 77381. Indian Springs is almost as old as Panther Creek. Cochrans Crossing has newer homes (from late 80’s to early 2000). 77382 contains the Villages of Alden Bridge and Sterling Ridge. Alden Bridge homes date from mid 1990s to 2000’s. Sterling Ridge is the newest Village and is still being built out. As The Woodlands was built, the area expanded to the West of 45. The newer villages are further away from the freeway and Town Center.

I analyzed the leased homes in each zip code. The data is from 6/1/2006 to current. This should provide you with a good idea of what the rents are and the Days on Market by area.

Here are the results:

77382, 2 or 3 BR, < 1800 sf

S - 19 Properties Found

SqFt

Beds

FB

HB

LP/SqFt

List Price

LseP/SqFt

Lease Price

SP/LP %

DOM

Min

1419

2

2

0

0.611

995

0.611

995

100 %

4

Avg

1594.632

2.895

2

0.053

0.853

1360

0.848

1352.105

99.4 %

43.58

Max

1750

3

2

1

1.057

1650

1.057

1550

93.9 %

110

Median

1626

3

2

0

0.867

1350

0.849

1380

102.2 %

36

77382 , 2 or 3 br, 1800 to 2300 sf

S - 52 Properties Found

SqFt

Beds

FB

HB

LP/SqFt

List Price

LseP/SqFt

Lease Price

SP/LP %

DOM

Min

1809

3

2

0

0.635

1200

0.616

1200

100 %

1

Avg

2034.692

3

2

0.269

0.83

1688

0.829

1687.019

99.9 %

52.69

Max

2298

3

2

1

1.59

2900

1.535

2800

96.6 %

193

Median

2031

3

2

0

0.81

1650

0.809

1650

100 %

37

77382, 4+ br, 1800 to 2300 sf

S - 23 Properties Found

SqFt

Beds

FB

HB

LP/SqFt

List Price

LseP/SqFt

Lease Price

SP/LP %

DOM

Min

1841

4

1

0

0.628

1395

0.628

1400

100.4 %

0

Avg

2126.826

4.043

1.957

0.435

0.781

1662

0.772

1641.478

98.8 %

46.48

Max

2299

5

2

1

1.046

2400

0.959

2200

91.7 %

193

Median

2147

4

2

0

0.769

1550

0.769

1550

100 %

33

77381, 2 or 3 br, up to 1500 sf

S - 50 Properties Found

SqFt

Beds

FB

HB

LP/SqFt

List Price

LseP/SqFt

Lease Price

SP/LP %

DOM

Min

1028

2

1

0

0.629

850

0.629

850

100 %

0

Avg

1311.74

2.94

1.92

0.22

0.783

1027

0.787

1032

100.5 %

41.28

Max

1500

3

2

2

1.063

1250

1.063

1350

108 %

192

Median

1330

3

2

0

0.775

1000

0.775

1000

100 %

28.5

77381, 2 or 3 br, 1501 to 2200 sf

S - 55 Properties Found

SqFt

Beds

FB

HB

LP/SqFt

List Price

LseP/SqFt

Lease Price

SP/LP %

DOM

Min

1510

3

2

0

0.552

1000

0.552

1000

100 %

4

Avg

1793.327

3

2

0.418

0.715

1283

0.706

1266.636

98.7 %

42.6

Max

2130

3

2

1

1.071

1950

1.099

2000

102.6 %

134

Median

1764

3

2

0

0.713

1250

0.689

1250

100 %

35

77381, 4+ br, up to 2200 sf

S - 34 Properties Found

SqFt

Beds

FB

HB

LP/SqFt

List Price

LseP/SqFt

Lease Price

SP/LP %

DOM

Min

1397

4

2

0

0.566

975

0.566

975

100 %

0

Avg

1853.824

4

2.088

0.412

0.685

1269

0.684

1267.206

99.9 %

48.09

Max

2157

4

4

1

0.881

1800

1.015

2100

116.7 %

143

Median

1884.5

4

2

0

0.674

1250

0.671

1200

96 %

42.5

77380, 2 or 3 br, up to 1500 sf

S - 37 Properties Found

SqFt

Beds

FB

HB

LP/SqFt

List Price

LseP/SqFt

Lease Price

SP/LP %

DOM

Min

1102

2

1

0

0.623

800

0.623

800

100 %

1

Avg

1315.514

2.919

1.811

0.216

0.754

992

0.751

988.108

99.6 %

37.49

Max

1500

3

2

1

0.938

1250

0.938

1250

100 %

100

Median

1330

3

2

0

0.761

950

0.755

950

100 %

26

77380, 2 or 3 br, 1501 to 2200 sf

S - 36 Properties Found

SqFt

Beds

FB

HB

LP/SqFt

List Price

LseP/SqFt

Lease Price

SP/LP %

DOM

Min

1501

3

2

0

0.494

835

0.494

835

100 %

0

Avg

1774.194

3

2

0.472

0.674

1196

0.672

1191.556

99.6 %

54.14

Max

2160

3

2

2

0.997

1850

0.898

1666

90.1 %

220

Median

1728.5

3

2

0

0.665

1225

0.66

1200

98 %

47

77380, 4+ br, to 2200 sf

S - 21 Properties Found

SqFt

Beds

FB

HB

LP/SqFt

List Price

LseP/SqFt

Lease Price

SP/LP %

DOM

Min

1526

4

2

0

0.583

995

0.583

995

100 %

0

Avg

1885.429

4

2.048

0.619

0.696

1313

0.686

1294.286

98.6 %

38.14

Max

2180

4

3

1

0.867

1600

0.899

1600

100 %

118

Median

1974

4

2

1

0.691

1325

0.691

1300

98.1 %

32

I will follow this up with another email that contains sales prices for homes using the same criteria. That should give you a good idea of what you can expect for cash flows in The Woodlands.

Thanks.

Travis Foote
President

Real Estate Solutions of Texas
4747 Research Forest Dr
Suite 180
The Woodlands TX 77381

travis@txrex.com
AIM: footie999

tel:
fax:

713-589-2266
866-241-6268

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