Monthly Updates have moved5/15/2017
You can now find the monthly updates here: Gaye Watkins Realtor - YouTube
Bentwater Monthly Updates
Monthly Updates have moved5/15/2017
You can now find the monthly updates here: Gaye Watkins Realtor - YouTube
The BS (Bentwater Subdivision) Report March 20163/7/2016
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.
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 20162/13/2016
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.
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
** 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
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 Review1/2/2016
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.
LOT SALES for 2015
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.
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 111/24/2015
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 311/24/2015
Bentwater Lot Activity
The BS (Bentwater Subdivision) Report October 2015 Part 211/24/2015
Here's information on home sales:
Waterfront Homes - Month of October
*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-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-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 results10/15/2015
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:
Golf Course Homes
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 20158/14/2015
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
Lot Activity for 2014 and 2015 January thru July
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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