Presented by: Mike Sims REALTOR ERA Courtyard Real Estate

Transcription

1 Presented by: Mike Sims REALTOR

2 Contents McLennan County 3 McLennan County by Bedrooms 4 McLennan County Price by Bedroom 5 Cities 6 Axtell 6 China Spring 7 Crawford 8 Hewitt 9 Lorena 1 McGregor 11 Robinson 12 Woodway 13 Waco 14 Zip Codes Breakdown

3 McLennan County McLennan County experienced an 8% increase in closed sales between 214 and 215. While the sales growth was beneath 1%, the sales price experienced a phenomenal 19% growth in sales. This growth can be attributed to the 27% growth in homes between years old. The sale of newer homes signifies an uptick in people moving out of older homes and purchasing newer properties. Homes between years old experienced the greatest decline in year over year s sales, decreasing 11%. The average days on market experienced a decline of 5%, bringing the average down to 115 days. This change, along with the sales pricing McLennan County Change Closed Sales % Average % Average Age Of Home % % % % % Average Year Built Average Years Old Prices Median Price $134, $146, 9% $153,438 $168,988 1% Median Price Per SQ. FT $75 $81 8% Per SQ. FT $8 $86 7% Median % Average % Asking Price $39,296,53 $432,22,492 11% Sales Price $342,933,13 $47,26,16 19% % Different -12% -6% 52% being 6% less than the asking price, is a sign of more buyers competing for the same properties. These factors caused the median and average sales price to grow 9% and 1% respectively. Closed Sales Days on Market Sales by Age of Home P a g e Mike Sims

4 McLennan County by Bedrooms This year, homes over three bedrooms experienced the biggest jump in sales, while one bedroom properties endured a significant decline. Three bedroom homes under five years old experienced an increase of 29% over 214, while those within the 6-1 year age increased by an incredible 46% increase. Four bedroom homes experienced their biggest increase in those between and over 31 years old. Those between years old showed a modest increase of 5%. Homes in the five plus bedroom range experienced their biggest increase in those 11-2 years old, with a gain of 46%. Newer homes under five years old showed an impressive 27% gain Sales by Bedroom Numbers Sales of 3 Bedroom by Age Sales by Bedroom Numbers Change % % % % % Sales of 1 Bedroom by Age % 2-1% 1-1% 1 1 % % Average Year Built Average Years Old Sales of 2 Bedroom by Age % % % % % Average Year Built Average Years Old Sales of 3 Bedroom by Age % % % % % Average Year Built Average Years Old Sales of 4 Bedroom by Age % % % % % Average Year Built Average Years Old Sales of 5+ Bedroom by Age % 1 9-1% % 7 7 % % Average Year Built Average Years Old Change 4 P a g e Mike Sims

5 McLennan County Price by Bedroom Two and three bedroom homes, experienced double digit growth during 215. While the average price increased, the home sizes based on square feet remained relatively unchanged between 214 and 215. However, with the exception of one bedroom homes, the price per square feet was up across the board. This can be attributed to the increase in sales of newer homes, as discussed previously. $35, $3, $25, $2, $15, $1, by Bedroom $5, $ Average by Bedroom Avg. Price by Bedroom 1 $72,88 $68,934-5% 2 $72,291 $83,399 15% 3 $125,671 $138,93 11% 4 $225,125 $243,382 8% 5+ $328,257 $337,518 3% Median Price by Bedroom 1 $53, $45,5-14% 2 $64,5 $7, 9% 3 $124, $133,9 8% 4 $23,813 $217,5 7% 5+ $24, $26, 8% Avg. SQ FT by Bedroom % % % % % Median SQ FT by Bedroom % % % % % Avg. $ Per SQ. FT. Bedroom 1 $79 $77-3% 2 $58 $66 13% 3 $73 $8 9% 4 $92 $97 6% 5+ $92 $95 4% Med. $ Per SQ FT Bedroom 1 $62 $53-14% 2 $55 $6 8% 3 $75 $8 7% 4 $88 $94 6% 5+ $75 $82 8% DOM Avg. Per Bedroom % % % % % Asking vs. Sales Price 1-7% -1% 2-1% -8% 3-7% -5% 4-6% -6% 5+ -6% -9% 5 P a g e Mike Sims

6 Cities Axtell The city of Axtell experienced a remarkable 52% growth in sales price, while posting a 14% gain in closed sales. The significant job in sales price is attributed to a 3% growth in the sale of homes between years old. The newer home sales also caused a 33% jump in the average home cost. These events caused the average price per square foot to post a 2% increase over 214. The areas experiencing declines between 214 and 215 are homes in the years old and years old. Additionally, in 214, the sales price was.3% more than asking price, whereas in 215, the difference was.4%. $155,. $135,. $115,. $95,. $75,. CATEGORY 1 Change Closed Sales % Total Sales Price $1,66,486 $2,441,39 52% Median Price $111,5 $145, 3% $114,749 $152,587 33% Median Price Per SQ. FT. $76 $84 11% Per SQ. FT. $74 $89 2% Average % Median % Asking Price Vs. Sales Price.3% -.4% -233% Average % 3 3% % % % 3 6 1% Average Year Built Average Years Old Closed Sales Average Square Feet AVERAGE SQUARE FEET Average DOM CATEGORY 1 % 21% 21% 29% 29% 215 Sales by Age 38% 6% 19% 6% 31% 6 P a g e Mike Sims

7 China Spring China Spring experienced a modest 5% growth in total closed sales between 214 and 215. The biggest gain was in total sales price increasing 2%, with average median price and average price increasing 14% and 18% respectively. Average price per square foot moved upwards to $99, with the average square feet of a home increasing to 2485 square feet. These gains are a result of a 33% increase in sales of homes under 5 years old. Additionally, homes within the years old range increased by 11%. Homes ranging from years old experienced a significant decline of 3%. Average days on market decreased 23% on the year from 157 days to 121. With homes selling faster, sales price moved to 6% less of asking price vs. 8% for 214. Change Closed Sales % Total Sales Price $12,473,382 $14,929, 2% Median Price $194, $228, 18% $215,58 $244,738 14% Median Price Per SQ. FT. $87 $95 9% Per SQ. FT. $93 $99 6% Average % Median % Asking Price Vs. Sales Price -8% -6% 28% Average % % % % % % Average Year Built Average Years Old Avg. SQ. FT Median SQ. FT $245,. $24,. $235,. $23,. $225,. $22,. $215,. $21,. $25,. $2,. 26% 1% 16% 14% 34% 215 Sales by Age 3% 18% 13% 23% 16% 7 P a g e Mike Sims

8 Crawford Crawford suffered a decline of 3% in closed sales between 214 and 215. However, they did undergo a 4% increase in average price. The biggest gains were in median price and median price per square feet, increasing by a respectful 17% and 29%. With the rural aspect of Crawford, acreage size has an impact on median price rising when all homes newer than 2 years experienced a decline in sales. Homes sat on the market for a significantly longer period of time in 215, more than doubling from 113 days in 214 to 276 days. With the lack of newer options, buyers had fewer homes under 2 years to select from. $3, Change Closed Sales % Total Sales Price $8,914,8 $8,99,1 1% Median Price $239, $28, 17% $287,574 $299,67 4% Median Price Per SQ. FT. $91 $118 29% Per SQ. FT. $112 $19-3% Average % Median % Asking Price Vs. Sales Price -5% % Average % 2 2 % 7-1% % % % Average Year Built Average Years Old AVG. SQ. FT MEDIAN SQ. FT Closed Sales $29,. $28,. 215 Sales by Age % 13% 6% 23% 39% 47% 7% 23% 23% 75 8 P a g e Mike Sims

9 Hewitt Hewitt underwent an impressive 22% growth in closed sales in 215, pushing the total sales price up 29% over 214. The average price saw a modest 6% uptick for the year. Days on market experienced a 19% decrease in time on market, pushing the average down to 87 days. With homes spending less time on the market, the sales price was only 3% less than the asking price. This is a positive sign of increased competition among buyers. Change Closed Sales % Total Sales Price $29,745,692 $38,432,538 29% Median Price $148,1 $151,75 2% $154,925 $164,242 6% Median Price Per SQ. FT. $82 $84 3% Per SQ. FT. $84 $89 5% Average % Median % Asking Price Vs. Sales Price -4% -3% 9% Average % % % % % % Average Year Built Average Years Old With the lone exception of homes in the years old range, all other categories saw a double digit increase in sales. Leading the way is homes over 31 years, increasing by 72 years. 1 9 Total Sales Price $4,,. $35,,. $3,,. $25,, Closed Sales Sales by Age 215 Sales by Age $165,. $16,. 25% 21% 8% 16% 3% 31% 2% 6% 14% 29% $155,. $15,. 9 P a g e Mike Sims

10 Lorena Lorena experienced a decrease in closed sales from 92 to 86 for the year 215. With the decrease in sales, the total sales price still experienced a 4% growth. The average sales price underwent a double digit gain to 225k from 22k. The average days on market grew by a weeks time from 124 days in 214 to 131 days in 215. With the increase in time on market, sales price increased to 7% less than asking price versus 6% in 214. Homes between years old declined 25% year over year, faring better than those in the range, which decreased 5%. The biggest gainer was homes over 31 years, which increased by a modest 7%. $24,. $22,. $2,. Change Closed Sales % Total Sales Price $18,593,3 $19,414,156 4% Median Price $179,139 $212,75 19% $22,98 $225,746 12% Median Price Per SQ. FT. $88 $99 12% Per SQ. FT. $94 $1 6% Average % Median % Asking Price Vs. Sales Price -6% -7% -27% Average % % % % % % Average Year Built Average Years Old AVG SQ. FT MEDIAN SQ. FT Closed Sales $18,. 215 Sales by Age % 14% 13% 13% 29% 35% 1% 7% 15% 33% 12 1 P a g e Mike Sims

11 McGregor McGregor closed sales increased by 24% to 13 homes in 215 versus 15 in 214. The total sales price increased to $39 million from 25$ million, for a gain of 57%! Median price pushed up to $249k for 215 and average price increased 27% to $3k. Average days on market remained mostly unchanged, increasing by five days from 14 to 145 in 215. Sales price was 6% less than asking price in 215. With the exception of older homes, all other categories saw increases of at least 43% from 214. Homes in the range grew by 47%. This would explain the growth in sales price, median price, and average price. $35,. Change Closed Sales % Total Sales Price $25,65,812 $39,39,365 57% Median Price $181, $249, 38% $238,722 $32,38 27% Median Price Per SQ. FT. $88 $99 12% Per SQ. FT. $11 $19 8% Average % Median % Asking Price Vs. Sales Price -4% -6% -45% Average % % % % % % Average Year Built Average Years Old Avg. SQ. Ft Median SQ. FT Closed Sales $3,. $25,. $2,. 215 Sales by Age 41% 7% 18% 19% 15% 29% 8% 24% 21% 18% P a g e Mike Sims

12 Robinson Robinson experienced an uptick of 6% in closed sales from 137 units in 214 to 145 in 215. Total sales price increased by a modest 4% from 214. Average price and median price both underwent a slight decline in 215. Average days on market decreased significantly from 13 to 82 days. Sales grew closer to the original asking price, settling at 4% less than the asking price. Homes in the age range grew a remarkable 16% in 215. However, with the exception of homes older than 31 years, all other categories suffered double digit decreases. This contributed to the slight growth in total sales price. $156, $154, $152, $15, $148, $146, Median Price Change Closed Sales % Total Sales Price $22,999,763 $23,87,398 4% Median Price $154,635 $149,4-3% $167,881 $164,623-2% Median Price Per SQ. FT. $82 $85 4% Per SQ. FT. $83 $88 5% Average % Median % Asking Price Vs. Sales Price -5% -4% 28% Average % % % % % % Average Year Built Average Years Old AVG. SQ. FT MEDIAN SQ. FT Closed Sales 215 Sales by Age % 14% 13% 18% 26% 35% 26% 16% 9% 14% 12 P a g e Mike Sims

13 Woodway Woodway closed sales increased by 11% to 169 homes from 152 in 214. The total sales price jumped by 2% to $38 million, up from $32 million the previous year. Median and average sales price increased by single digits, 5% and 8% respectively. Average days on market remained relatively unchanged, decreasing by two days to 114 days in 215. Sales price remained 6% less than asking price for 215. Homes between years of age declined by 4% in 215. All other age ranges experienced double digit growth. The greatest gain was in homes between years at 38%, and years at 78%. $23,. $22,. Change Closed Sales % Total Sales Price $31,922,946 $38,333,896 2% Median Price $189,95 $198,647 5% $21,19 $226,828 8% Median Price Per SQ. FT. $81 $85 5% Per SQ. FT. $87 $93 7% Average % Median % Asking Price Vs. Sales Price -6% -6% % Average % % % % % % Average Year Built Average Years Old Avg. SQ. FT Median SQ. FT Closed Sales $21,. $2,. 215 Sales by Age 9% 13% 6% 11% 7%9% % 2% 53% 2% P a g e Mike Sims

14 Waco Waco closed sales climbed 8% over 214. The total sales price jumped to over $2 million, ending with a 19% growth over 214. Median price pushed up to $134k, resulting in a 12% growth from the $12k in 214. Average price increased by 9% to round up to $147k. Days on market fell by a weeks time, to an average of 113 days. Sales price grew closer to asking price in 215, with the sales price being 6% lower than the asking price. Homes between years old experienced a 31% decline in sales in 215. All other age ranges experienced growth, with the largest gains in homes between years and years of age. Homes more than 31 years old make up the majority of sales in Waco. $15,. $145,. $14,. $135,. $13,. $125, AVG. SQ. FT MEDIAN SQ. FT Change Closed Sales % Total Sales Price $17,288,452 $21,853,584 19% Median Price $12, $134, 12% $134,191 $146,83 9% Median Price Per SQ. FT. $73 $79 9% Per SQ. FT. $74 $8 7% Average % Median % Asking Price Vs. Sales Price -7% -6% 2% Average % % % % % % Average Year Built % Average Years Old % Closed Sales 215 Sales by Age % 12% 1% 1% 1% 57% 12% 12% 12% 7% 1 14 P a g e Mike Sims

15 Zip Codes Breakdown Total Sales Price $1,,. $95,,. $9,,. $85,,. $8,,. $75,,. Change Closed Sales % Total Sales Price $82,827,643 $97,748,876 18% Median Price $175, $184,61 5% $196,74 $21,213 7% Median Price Per SQ. FT. $84 $89 6% Per SQ. FT. $89 $95 6% Average % Median % Asking Price Vs. Sales Price -5% -5% 3% Average % % % % % % Average Year Built Average Years Old $21,. $25,. $2,. $195,. $19,. $185, Avg SQ. FT. Median SQ. FT Avg. Price Per SQ. FT. 215 Sales by Age $95 $9 31% 17% 13% 23% 16% 3% 16% 13% 22% 19% $85 15 P a g e Mike Sims

16 76711 Total Sales Price $2,, $1,9, $1,8, $1,7, $1,6, Change Closed Sales % Total Sales Price $1,75,12 $2,48,173 17% Median Price $49,131 $59,475 21% $54,691 $64,5 17% Median Price Per SQ. FT. $37 $48 3% Per SQ. FT. $4 $51 27% Average % Median % Asking Price Vs. Sales Price -11% -8% 26% Average % 2-1% 2 2% % 2-1% % Average Year Built Average Years Old $64, $62, $6, $58, $56, $54, $52, $5, $48, $6 $5 Avg. Price Per SQ. FT AVG. SQ. FT. MEDIAN SQ. FT Sales by Age $4 $3 $2 $1 88% 6% 6% 94% 6% $ 16 P a g e Mike Sims

17 7671 Total Sales Price $52,, $5,, $48,, $46,, $44,, $42,, $4,, Change Closed Sales % Total Sales Price $44,129,383 $52,284,855 18% Median Price $116,5 $129, 11% $142,814 $15,677 6% Median Price Per SQ. FT. $66 $69 4% Per SQ. FT. $73 $75 3% Average % Median % Asking Price Vs. Sales Price -1% -8% 17% Average % 1 2 1% 2 2 % 1 4 3% % % Average Year Built Average Years Old $15, $148, $146, $144, $142, $14, $138, Avg. SQ. FT. Median SQ. FT $75 Avg. Price Per SQ. FT. 214 Sales by Age % 1% % 4% 215 Sales by Age 1% % 1% 3% $74 $73 95% 95% $72 17 P a g e Mike Sims

18 7678 Total Sales Price $5,, $45,, $4,, $35,, $3,, $25,, Change Closed Sales % Total Sales Price $36,777,561 $46,687,674 27% Median Price $121,95 $137,2 13% $123,415 $138,951 13% Median Price Per SQ. FT. $74 $82 11% Per SQ. FT. $71 $78 1% Average % Median % Asking Price Vs. Sales Price -6% -4% 28% Average % % % % 2 8-6% % Average Year Built Average Years Old $14, $135, $13, $125, 17 1 $12, $115, 155 AVG. SQ. FT. MEDIAN SQ. FT Avg. Price Per SQ. FT. 215 Sales by Age $78 $76 $74 $72 $7 52% 18% 12% 7% 11% 47% 18% 3%14% 18% $68 $66 18 P a g e Mike Sims

19 7677 Total Sales Price $7,, $6,8, $6,6, $6,4, $6,2, $6,, $5,8, Change Closed Sales % Total Sales Price $7,93,976 $6,316,372-11% Median Price $59,15 $65,75 11% $66,924 $77,29 15% Median Price Per SQ. FT. $42 $46 8% Per SQ. FT. $42 $48 14% Average % Median % Asking Price Vs. Sales Price -11% -7% 36% Average % % 1 1 % 1-1% % % Average Year Built Average Years Old $8, $75, $7, $65, $6, Avg. SQ. FT. Median SQ. FT Avg. Price per SQ. FT 215 Sales by Age $48 $46 4% 1% 4% 1% 6% 1% 1% $44 $42 $4 $38 9% 92% 19 P a g e Mike Sims

20 7676 Total Sales Price $4,, $35,, $3,, $25,, $2,, $15,, $1,, $5,, $ Change Closed Sales % Total Sales Price $13,933,9 $38,172, % Median Price $99,5 $139,1 4% $121,164 $145,698 2% Median Price Per SQ. FT. $82 $85 3% Per SQ. FT. $83 $85 2% Average % Median % Asking Price Vs. Sales Price -8% -5% 42% Average % % % % % % Average Year Built Average Years Old $145, $135, $125, $115, $15, $95, $85, $75, AVG. SQ. FT. MEDIAN SQ. FT Avg. Price Per SQ. FT. 215 Sales by Age $85 $84 $83 42% 4% 17% 12% 25% 44% 6% 16% 19% 15% $82 2 P a g e Mike Sims

21 7675 Total Sales Price $25,, $2,, $15,, $1,, $5,, $ Change Closed Sales % Total Sales Price $11,531,5 $22,482,646 95% Median Price $8, $18,8 36% $85,419 $12,228 41% Median Price Per SQ. FT. $58 $72 25% Per SQ. FT. $59 $75 27% Average % Median % Asking Price Vs. Sales Price -6% -7% -7% Average % % % % % % Average Year Built Average Years Old $12, $11, $1, $9, $8, $7, $6, $5, Avg. SQ. FT. Median SQ. FT Category 1 Avg. Price Per SQ. FT. 215 Sales by Age $8 $7 $6 56% 13% 1% 16% 5% 47% 14% 8% 17% 14% $5 $4 21 P a g e Mike Sims

22 7674 Total Sales Price $1,, $8, $6, $4, $2, $ CATEGORY 1 Change Closed Sales % Total Sales Price $47,964 $873,3 85% Median Price $32,5 $37,75 16% $31,398 $48,517 55% Median Price Per SQ. FT. $27 $34 28% Per SQ. FT. $26 $36 4% Average % Median % Asking Price Vs. Sales Price -19% -19% -2% Average % % % 2 3 5% 1 1% % Average Year Built Average Years Old 6 62 $5, $4, $3, $2, $1, $ AVG. SQ. FT. MEDIAN SQ. FT $4 Avg. Price Per SQ. FT. 215 Sales by Age $3 $2 $1 87% 13% 78% 17% 5% $ 22 P a g e Mike Sims

23 7671 Total Sales Price $2,, $1,5, $1,, $5, $ Change Closed Sales 3 6 1% Total Sales Price $1,148, $1,771,4 54% Median Price $33, $181,5-45% $382,667 $295,233-23% Median Price Per SQ. FT. $197 $78-6% Per SQ. FT. $115 $15-9% Average % Median % Asking Price Vs. Sales Price -28% -4% 87% Average % 1-1% 1 1% % % % Average Year Built Average Years Old $425, $375, $325, $275, $225, $175, Avg. SQ. FT. Median SQ. FT $12 Avg. Price per SQ. FT. 67% 33% 215 Sales by Age 83% 17% $1 The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification. Author reserves the right to change or edit information without notice. All information is gathered from Paragon. Some information was edited to reflect current information. 23 P a g e Mike Sims