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Gaye Watkins

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Bentwater Monthly Updates

The BS (Bentwater Subdivision) Report March 2016

3/7/2016

Thank you for checking out our monthly report.  Steve and I appreciate your support.

February looked better than January - active listings are still very high - last year there were 107 active listings while this year finds Bentwater with 147 - that's a 38% increase!  Of the 147 current listings - 27 of those are new construction.  Have you noticed how many homes are being built right now?  It's crazy!  BUT, "they say" that when construction is up, the economy is good, so maybe it's a blessing in disguise.  

Steve and I, in an effort to take our business to the next level, have enrolled in some dynamic training programs.  Brian Buffini (Buffini and Company if you want to know more, but it's really for realtors®) said that 2005 was the best year EVER in real estate in the US., that 2015 was second and that 2016 was shaping up to be better than 2005.  In my history selling real estate in Bentwater, what happens in the "rest of the US", happens here 12 - 18 months later.  To prove that I've put some numbers together for you for home sales in Bentwater.

In 2005, there were 130 homes that closed for a total of $48.5M

In 2006, there were 138 homes that closed for a total of $51.1M

In 2007, there were 132 homes that closed for a total of $50.5M

I included 2006 & 2007 together because, as I said, what happens in the rest of the US, happens here 12-18 months later.

In 2015, there were 120 homes that closed for a total of $55.5M. - Prices have definitely gone up.

This is adding up to be a great 2016 and even into 2017.   See more information below to graphs.

     

Active listings have gone up.

Price per square foot for active homes is pretty stable.             

             

Interior Home Sales are up.  Golf Course Home Sales are down and Waterfront Homes are stable.

Price per sq. ft. is also pretty stable across the board.

Pending homes across the board are up consider-ably from 2015.

Days on Market is all over the place.

What can we conclude from the above data?  One, based on the increase in Pending sales, it would seem that sales are up and given the strong numbers from Houston Homes And Rentals (Formerly Houston Association of Realtors) (HAR) on January (HAR January Market) and February sales (HAR February Market) we could expect a strong sales season; though with high inventory, this might be tempered a little bit.  Two, given that this year is a presidential election year (be sure to vote!) the "hot" sales season might be shorter than normal.  Three, Steve and I are never too busy for you or any of your referrals.  So, if you know of someone who would appreciate the level of service we provide, please call us with their information and we will be happy to follow up and take great care of them.

Thanks a million for taking time to read our post.  If you have thoughts about what you'd like to see here next month, please let us know. 

 

 

 

The BS (Bentwater Subdivision) Report February 2016

2/13/2016

Welcome to The Watkins Team Monthly BS Report.  We hope you find it informative.  If there is ever additional information you would like to know, please don't hesitate to contact us.  We are here to help you in your next real estate transaction, as well as giving you the information you'd like to know.

   

 Home sales are down for the most part for January of 2016.  Interior Home sales were up, but it didn't make up for the lack of golf course and waterfront sales.

For SOLD homes, the Average price per sq. ft. went up slightly, but because there were no golf course or waterfront homes sold in January of 2016, I can't graph that.  Interior homes price per sq. ft. went from $104.66 to $106.68.

Days on Market: these numbers are all over the map.  Interior homes are up 140 from last years 132 days (272 this year) and golf course homes are down 495 days from 645 days last year (only 150 this year).  Last year there were several golf course homes that had been sitting on the market.  No waterfront homes sold in January of 2015 or 2016.

 

                

Active Listings on January 31st were way up in 2016.  It will be interesting to see how the rest of the year plays out - with active listings in January up 30% from 2015 and 26% from 2014. 

So, what do you do if you want to sell this year?  As a realtor, our job is to get you the most money for your home in the shortest period of time.  If you want to get top dollar for your home, then it needs to be in top shape, all minor issues need to be fixed, closets cleaned, etc.  Get that front door refinished, put in new mulch and flowers.  Get that elbow grease after your shower and sink fixtures.  Now, don't go remodeling that bathroom or kitchen - statistics show you will only get 70% to 80% back from a remodel.  If you have unfinihed space - finishing out that extra space - that's where the big return (around 100%) comes from because it's adding more square footage.  Steve and I have several different resources if you want more information on what you should do if you want to sell in a down market.  And, if you need referrals for contractors, we have put a list together from the recommendations on Bentwater Nextdoor.  If you would like to consult with us about what you should/might do versus what you must do, give us a call.  Then, consult with us about pricing and listen.  You need to be more competitively priced than ever. 

Here's some interesting information that one of our clients asked us to gather.  They wanted to know who is really "selling" Bentwater.  In a real estate transaction, there are 2 sides.  The listing side and the selling side.  Last year in Bentwater, there were 120 homes that sold - giving a total of 240 transaction sides.  Here's how it breaks down:

All Home Sales in Bentwater in 2015

  RE/MAX   Coldwell Banker   Gary Greene   Keller Williams Pine Shore Properties  
Listing Side Transactions  11  8 14  24 24 
Selling Side Transactions 20  5 11 26  14 
Total 31  13 25 50  38 

** This doesn't add up to 240 because the rest of the transactions were by realtors with less than 10 total transaction sides. 

 Well, darn!!!!  RE/MAX came in 2nd for selling sides and 3rd for overall.  For the second year in a row, in 2015 Steve and I took home the "Platinum Club" award for RE/MAX.  Next year, not only are we striving for that award again, we are adding "Hall of Fame" to our goals.  You will be hearing and seeing more from us this year than ever before.  We have added new procedures in place to ensure greater success.  We are developing new market activities to get your properties noticed above others.

 

LOT SALES - pretty stable for the month of January

          2014                 2015                 2016        
Waterfront Lots 0 1 1
Golf Course Lots 0 1 1
Interior Lots 3 6 2

Oh, by the way, if you know of someone who would appreciate the level of service we provide, please call us, or email us, or text us, their name and contact information.  We will be happy to follow up and take great care of them. 

The BS (Bentwater Subdivision) Report 2015 in Review

1/2/2016

 The numbers below are just for Bentwater Subdivision.  If you would like more detailed information, please don't hesitate to contact me.  If you would like information on another subdivision, just let me know.

 

2014 was a remarkable year in Bentwater. I thought 2015 was going to be even better, but with the price of oil and many job losses, the year didn't turn out as well as I had anticipated. Overall total sales were down by 20% from 150 total sales in 2014 to 120 total sales in 2015, with an overall decrease of $9,944,427 in total sales prices.

 

                                      

 

                   

Interior homes and golf course homes - the average price per square foot decreased, while Waterfront homes price per square foot increased. Of the 73 interior homes that sold, 19 of those were new construction. The average price per sq. ft. for just those 19 homes was $121.63.  If you remove the 19 new construction sales from the interior overall price of $111.73, the price drops to $108.23.

 

Part of the reason for the increase in days on market is due to the increased number of homes for sale. Of the 73 currently active INTERIOR homes, 19 of those are new construction. Builders will put their homes on the market prior to breaking ground and few of them sell until they are almost finished or finished.

Active homes on the market as of 1/1:
Interior homes - 2015 had 40 active, 2016 has 70*.
Golf Course homes - 2015 had 29 active, 2016 has 38**
Waterfront homes - 2015 had 36 active, 2016 has 26

*23 new construction

** 2 new construction

LOT SALES for 2015

Interior Lots

There are 112 lots currently for sale on the Interior (versus 88 the year before).  They range in a list price of $15,000 to $295,000.  There are currently 3 pending.  There were 53 interior lots sell in 2015 with prices ranging from $10,000 to $250,000.  The prior year, there were 94 lots that sold.

Golf Course Lots

There are 41 lots currently for sale on the Golf Course (versus 52 the year before).  They range from $30,000 to $549,900.  There is 1 lot pending.  There were 30 golf course lots that sold ranging from $17,000 to $315,000.  The prior year there were only 15 golf course lots sell.

Waterfront Lots

There are currently 25 waterfront lots on the market ranging from $179,000 to $1,600,000 (versus 27 the year before).  There were 10 lots that sold ranging from $175,000 to $1,000,000.  The prior year there were 19 waterfront lots sell.

 

The information provided here is deemed reliable, but is not guaranteed.  All information was taken from the Houston Association of Realtors website.  Currently known as Homes And Rentals.  (HAR.COM)

The BS (Bentwater Subdivision) Report October 2015 Part 1

11/24/2015

It’s so hard to get a good comparison when only 1 home sells in a particular category. If you would like more specific information on something, please don’t hesitate to ask.

Real estate in Bentwater has slowed down during October. Showings are down, pending home sales are down, active listings on the market are up. There will be a flurry of activity at year end/beginning of next year. Overall, prices have maintained level from this time last year. (please see the * after each category).

If you are thinking about selling next year, now is the time to start getting ready. With all the competition, your home needs to “shine”. Touch up paint inside & out, have grout cleaned, carpets cleaned and stretched, if needed, refinish your front door, start decluttering and boxing up things you can live without for a few months. Typically, during this time of year, painters and handymen and cleaners have more time than when spring gets here. We have a list of contractors (taken from recommendations on Bentwater Nextdoor) if you would like them.

All the new rules and regs that went into place on October 3rd – the ones realtors, lenders and title companies were concerned about?? Well, they’ve gone off without a hitch. All of the training Steve and I went through has absolutely paid off!

Thank you for taking time to read our report. As always, we are never too busy for you, or for your referrals.

 

If your property is currently listed, please disregard.  It is not my intention to solicit the listings of other brokers.  Information is deemed reliable but is not guaranteed.

The BS (Bentwater Subdivision) Report October 2015 Part 3

11/24/2015

Lot Sales

Bentwater Lot Activity

Waterfront Lots

YTD -2014

YTD - 2015

# Sold

16

10

Pending on 10/31

1

0

Active on 10/31

37

29

Price Range of Sold

$115,000-$1.614

$175,000-$1.0

Price Range of Active

$129,000-$1.6

$179,000-$1.6

Avg. Price Sold

$438,000

$516,600

Golf Course Lots

YTD -2014

YTD - 2015

# Sold

13

12

Pending on 10/31

2

2

Active on 10/31

53

47

Price Range of Sold

$17,200-$170,000

$21,000-$315,00

Price Range of Active

$23,000-$398,500

$30,000-$549,000

Avg. Price Sold

$70,092

$98,366

Interior Lots

YTD -2014

YTD - 2015

# Sold

79

42

Pending on 10/31

7

0

Active on 10/31

105

130

Price Range of Sold

$5,000-$250,000

$10,000-$250,000

Price Range of Active

$5,000-$255,000

$14,900-$295,000

Avg. Price Sold

$33,052

$42,076

 

 

 

 

 

The BS (Bentwater Subdivision) Report October 2015 Part 2

11/24/2015

Here's information on home sales:

Waterfront Homes - Month of October

Year

2013

2014

2015

# Sold

1

4

1

$ per sq. ft. sold

238.38

175.52

145.53*

Pending on 9/30

?

5

0

Active on 9/30

?

25

24

*Year-to-date Price per sq. ft. for waterfront homes that have sold is: $202.83

Average Days on Market for sold homes: 329

 

Golf Course Homes - Month of October

Year

2013

2014

2015

# Sold

2

0

2

$ per sq. ft. sold

116.44

0

115.21*

Pending on 9/30

?

4

2

Active on 9/30

?

26

43

*Year-to-date Price per sq. ft. for golf course homes that have sold is: $126.42

Average Days on Market for sold homes: 182

 

Interior Homes - Month of October

Year

2013

2014

2015

# Sold

5

7

2

$ per sq. ft. sold

107.12

123.56

122.18*

Pending on 9/30

?

9

5

Active on 9/30

?

46

75

 *Year-to-date Price per sq. ft. for interior homes that have sold is: $113.04

Average Days on Market for sold homes: 135

Fall Back - Autumn colors have arrived!

10/31/2015

Our Grandkids say it's FALL!  That means that today, October 31st is Halloween AND remember to turn the clocks back one hour tonight!

The BS (Bentwater Subdivision) Report - 3Q results

10/15/2015

This report will show you a comparison between 2013, 2014 and 2015 for Bentwater's 3 types of properties.  These numbers represent January 1 through September 30 of each year.

BUT FIRST - just for fun - want to know what a realtors life is like?  Check out this youtube video by Paul Harvey.  And FYI, I wouldn't change a thing about my real estate career!!!  God Made a Realtor

To say this has been a strange year in the real estate market in Bentwater would be an understatement.  It's had highs and lows and fasts and slows.  The numbers show it hasn't been quite as good as 2014, see below:

Waterfront Homes

Year 2013 2014 2015
# Sold 13 18 24
$ per sq. ft. sold 201.74 199.90 202.83
Pending on 9/30 2 ? 1
Active on 9/30 32 ? 23

Golf Course Homes

Year 2013 2014 2015
# Sold 17 37 19
$ per sq. ft. sold 114.73 132.36 105.29
Pending on 9/30 2 ? 1
Active on 9/30 38 ? 41

Interior Homes

Year 2013 2014 2015
# Sold 58 61 60
$ per sq. ft. sold 95.81 105.29 112.63
Pending on 9/30 1 ? 3
Active on 9/30 60 ? 66

Since the 1st of October, there have been 7 homes listed and 8 that have relisted (meaning that they expired sometime in the last couple of months and are now back on the market) for a total of 144 active homes for sale.  Generally, in October the average active homes range from 125-130.  18 of those 144 active listings are new construction.  Of the total 103 homes that have sold this year, 17 have been new construction.  There were many builders that came in 2014/2015 and built spec homes that completed this year.

Don't hesitate to contact us if you have any questions.

As Paul Harvey says:  I leave you - Holding on, Laughing and Sighing 

Please disregard if your property is currently listed.  It is not my intention to solicit the listings of other brokers.  If you would no longer wish to receive these emails, please reply with REMOVE in the subject line.

The BS (Bentwater Subdivision) Report August 2015

8/14/2015

SORRY FOR THE DUPLICATE EMAILS.  

Here's the statistics for the month of July for the last 3 years for homes and the last 2 years for lots. 

Bentwater Homes Sales for July 1-31

Interior Homes

2013

2014

2015

# Sold

7

1

4

$ Per Sq. Ft.

106.58

80.00

126.42

Avg. Days on Market for sold

211

178

57

Pending on 7/31

4

5

8

Active on 7/31

46

57

72

Active Avg. $/sq. ft.

 

 122.85

125.23

 

Golf Course Homes

2013

2014

2015

# Sold

1

3

3

$ Per Sq. Ft.

97.01

135.86

129.72

Avg. Days on Market for sold

579

267

36

Pending on 7/31

5

7

4

Active on 7/31

46

57

72

Active Avg. $/Sq. Ft.

 

148.21

147.44

 

WaterFront Homes

2013

2014

2015

# Sold

4

2

4

$ Per Sq. Ft.

180.86

184.21

194.46

Avg. Days on Market sold

141

772

110

Pending on 7/31

4

5

5

Active on 7/31

36

36

26

Active Avg. $/Sq. Ft.

 

227.28

248.46

 

Lot Activity for 2014 and 2015 January thru July

Interior Lots

2014

2015

# Sold

46

33

Pending on 7/31

11

4

Active on 7/31

112

118

Price Range of Sold

$5,000-$150,000

$10,000-$250,000

Price Range of Active

 

$15,000-$295,000

Avg. Price Sold

23,942

47,861

 

Golf Course Lots

2014

2015

# Sold

7

9

Pending on 7/31

0

1

Active on 7/31

53

52

Price Range of Sold

$33,000-$170,000

$21,000-$315,000

Price Range of Active

 

$30,000-$549,900

Avg. Price Sold

91,589

111,377

 

Waterfront Lots

2014

2015

# Sold

8

9

Pending on 7/31

2

1

Active on 7/31

43

27

Price Range of Sold

335,000 - 580,000

175,000 - 1.0M

Price Range of Active

 

179,000 - 1.6M

Avg. Price Sold

423,750

537,889

If your home is currently listed, please disregard.  It is not my intention to solicit the listings of other brokers.  This information is gathered from the Houston Association of Realtors and is deemed reliable but not guaranteed.

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