McCann Properties
 

Broker/Owner

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Direct:832-244-0029

Email: Erika@HoustonHomeSpecialist.com

 

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Houston's Rankings


Houston #1

Mega Market of the Year
Southern Business Development - August 2009

Top U.S. Manufacturing Cities
Manufacturers' News Inc. (as reported in the Houston Business Journal) - May 19, 2009

Best City to Get Ahead
Forbes.com - June 19, 2009

America's Best Hospitals - Cancer, M.D. Anderson Cancer Center
U.S News & World Report - July 15, 2009

Top Metro in the Nation
Site Selection Magazine - March 2009

Nation's Healthiest Housing Market
Builder and Hanley Wood Market Intelligence - February 2009

Best City to Live, Work and Play
Kiplinger's Personal Finance - July 2008

Best U.S. City to Earn a Living
Forbes.com - August 18, 2008

Best City for Your Job
BusinessWeek - June 12, 2008

Best City to Buy a Home
Forbes.com - July 14, 2008

Best City for Recent College Grads
Forbes.com - June 26, 2008

Lowest Cost of Living Among Major Metro Areas
ACCRA Cost of Living Index - Second Quarter 2009

Largest IT Service Economy
Onforce, Inc. (VoIP Monitor) – December 5, 2008

Top Local Government Green Power Purchaser
Environmental Protection Agency - July 2008

Highest Population Growth in the Nation
U.S. Census Bureau (as reported in the Houston Business Journal) - July 10, 2008

Highest Quality of Life Among Students - Rice University
Princeton Review (as reported by Rice University) - July 28, 2009

Houston #2

Best Cities for Jobs
Forbes.com - April 14, 2009 

Nation's Top Export Markets
U.S. Department of Commerce - July 14, 2008

Number of Fortune 500 Headquarters
Fortune Magazine - April 2009 

Houston #3

Counties with Highest Job Growth - Fort Bend
Bureau of Labor Statistics - October 16, 2009 

Fastest Growing Cities
US Census Bureau  – July 2009

North American Cities of the Future
FDI Magazine – April 2009

Most Energy Efficient Commercial Buildings in the Nation
U.S. Environmental Protection Agency (as reported at USAToday.com) – March 3, 2009

Green Jobs
Global Insight – October 2008

Best Cities for Young Professionals
Forbes.com - July 09, 2008

Nation's Most Charitable Cities
Charity Navigator's 2008 Metro Market Charitable Analysis Study
 

Houston #4

Hottest Labor Markets
Bizjournals.com – October 16, 2009

Best Metro Areas to Launch a Small Business
CNN Money - October 2009

Green Space
Smarter Cities - August 2009 

Cities Where Your Nest Egg Goes Farthest
Forbes.com - October 2008

Best Big City for Business
Inc.com - July 2008

Top Ten Up-and-Coming Tech Cities
Forbes.com - March 10, 2008

Best Value in Private Institutions - Rice University
Kiplinger's - February 2009

Houston #5 

Best Performing Cities
Milken Institute- November 2009

Top Markets for Income Growth
BizJournals.com- September 2009

Highest Total Personal Income
Bureau of Economic Analysis - August 6, 2009

America's Best Hospitals - Heart, St. Luke's Episcopal Hospital
U.S News & World Report - July 15, 2009


Texas #1

 

Highest Population Growth in the Nation
U.S. Census Bureau - December 2009

Best Business Climate
Site Selection Magazine, Executive Survey - October 2009

Wind Power Capacity
American Wind Energy Association - April 13, 2009

Fortune 500 Headquarters
Fortune Magazine - April 2009

Best State To Do Business
Chief Executive Magazine - March 18, 2009

Nation's Number One Exporting State
U.S. Department of Commerce - February 2009

Residential Relocations
Allied Van Lines’ Magnet States Report (as reported in the Houston Business Journal) – January 19, 2009

America's Top State for Business
CNBC.com - July 2008

Most Favorable Business Climate in the Nation
Development Counselors International (DCI) - "Winning Strategies in Economic Development Marketing" - July 2008

 

 

 
 
 
 

 

 

 

 

 Four Texas metropolitan areas, Houston included, in the top 8 fastest recovering cities in the U.S.  Based on diversified industries and stable housing allowing residents in these metros a measure of economic security-Forbes.com-Nov. 2009

      2008 BEST CITIES-Houston voted #1-Kiplingers.com, July 2008

      2008-BEST CITY TO LIVE, WORK & PLAY-Houston voted #1-Kiplingers.com, June 2008

                                        

                                                                                                                      

                                                  


        Houston Real Estate Milestones in June;

  • Single-family home sales rose 2.9 percent;

  • Total property sales increased 4.1 percent;

  • At $222,767, the average price of a single-family home reached the highest level since July 2008;

  • At $159,700, the median price of a single-family home reached the highest level since August 2009;

  • 7.3 months inventory of single-family homes compares favorably to the national average of 8.3 months;

  • Townhouse/condominium sales rose 4.6 percent;

  • Total dollar volume climbed 4.9 percent, reaching $1.4 billion.

HOUSTON — (July 20, 2010) — Closings of properties purchased through the federal homebuyer tax credit combined with the seasonal spring-summer uptick in consumer activity kept Houston-area single-family home sales in positive territory for a fourth straight month in June. However, expiration of the homebuyer tax credit slowed the brisk pace of sales volume that the market enjoyed in recent months.

Congress extended the time necessary to close on homes purchased with the tax credit by three months to September 30, provided the property was under contract by April 30. The May and June decline in pending sales—property listings that are expected to close within the next 30 to 60 days—was expected, as homebuyers rushed to take advantage of the tax credit and is considered an indicator that sales volume will slow in July.

According to the latest monthly data compiled by the Houston Association of Realtors® (HAR), June sales of single-family homes throughout the Houston market rose 2.9 percent compared to June 2009. That follows increases of 11.3 percent in March, 27.8 percent in April and 18.2 percent in May. Sales volume showed gains in all single-family home pricing segments except the $150,000 to $250,000 market. The largest increase took place among homes priced from $500,000 and above. Sales of all property types combined climbed 4.1 percent in June on a year-over-year basis.

The average price of a single-family home edged up 0.9 percent from June 2009 to $222,767, the highest price since July 2008. The June single-family home median price—the figure at which half of the homes sold for more and half sold for less—dipped 2.9 percent from one year earlier to $159,700, but still reached the highest level since August 2009.

Foreclosure property sales reported in the Multiple Listing Service (MLS) rose 9.3 percent in June compared to one year earlier. The median price of June foreclosure sales increased 2.4 percent to $88,000 on a year-over-year basis.

Sales of all property types in Houston for June totaled 6,593, up 4.1 percent compared to June 2009. Total dollar volume for properties sold during the month was $1.4 billion versus $1.3 billion one year earlier, representing a 4.9 percent increase.


June Monthly Market Comparison
The month of June brought Houston's overall housing market largely positive results when all listing categories are compared to June of 2009. Total property sales and total dollar volume increased on a year-over-year basis while the average single-family home sales price ticked up and the median price declined.

The number of available properties, or active listings, at the end of June rose 17.3 percent from June 2009 to 53,934. That represents 2,749 more active listings than one month earlier, in June 2010, and reflects additional housing inventory that began hitting the market as a result of interest in the homebuyer tax credit as well as general confidence in improved market conditions.

Month-end pending sales for June totaled 3,272, down 16.0 percent from last year. This is a likely indicator that the effects of the tax credit have worn off. The months inventory of single-family homes for June extended to 7.3 months compared to 6.4 months one year earlier, but remains healthier than the national months inventory of single-family homes of 8.3 months, reported by the National Association of REALTORS® (NAR).

 Single-Family Homes Update

June sales of single-family homes in Houston totaled 5,584, up 2.9 percent from June 2009. This marks the fourth consecutive month of accelerated sales activity. Broken out by segment, June sales of homes priced from $80,000 and below increased 7.1 percent; homes priced between $80,000 and $150,000 rose 9.6 percent; those in the $150,000 to $250,000 fell 8.0 percent—representing the only decline in sales volume; and homes priced between $250,000 and $500,000 edged up 1.3 percent. Sales of luxury homes—those priced from $500,000 to the millions—reflected the greatest gains, increasing 20.3 percent.

The average price of single-family homes in June was $222,767, up 0.9 percent compared to one year earlier. That is the highest pricing level since July 2008. At $159,700, the median sales price for single-family homes slid 2.9 percent versus June 2009. That is the highest price since August 2009. The national single-family median price reported by NAR is $179,400, illustrating the continued higher value and lower cost of living that consumers enjoy in the Houston market.

HAR also breaks out the sales performance of existing single-family homes throughout the Houston market. In June 2010, existing home sales totaled 4,753, a 2.8 percent increase from June 2009. The average sales price edged up 1.5 percent to $209,510 compared to last year while the median sales price of $148,000 declined 4.5 percent from its June 2009 level.

Townhouse/Condominium/Loft Update

The number of townhouses and condominiums that sold in June rose 4.6 percent compared to one year earlier. In the greater Houston area, 527 units were sold last month versus 504 properties in June 2009.

The average price tumbled 5.0 percent to $161,809 from June 2009 to June 2010. The median price of a townhouse/condominium fell 4.7 percent year-over-year to $137,000.

 

 

The computerized Multiple Listing Service of the Houston Association of Realtors® includes residential properties and new homes listed by 23,000 Realtors throughout Harris, Fort Bend and Montgomery counties, as well as parts of Brazoria, Galveston, Waller and Wharton counties. Residential home sales statistics as well as listing information for more than 53,000 properties may be found on the Internet at http://www.har.com.

The information published and disseminated to the HAR Multiple Listing Services is communicated verbatim, without change by Multiple Listing Services, as filed by MLS participants.

The MLS does not verify the information provided and disclaims any responsibility for its accuracy. All data is preliminary and subject to change. Monthly sales figures reported since November 1998 includes a statistical estimation to account for late entries

   

       

 

 

Houston MLS Monthly Press Release

 
The MLS Press Release includes residential home sales statistics for residential properties and new homes listed by 22,000 Houston REALTORS throughout Harris, Fort Bend and Montgomery counties.
 

 
 
 
  

McCann Properties -
Fine Houston Real Estate
Erika McCann-Broker
Realtor®,ABR, e-Pro
Direct: 832-244-0029
Fax: 832-426-0211
 
Any information you provide is held in the strictest of confidence.  I will never sell or lease it to anyone for any purpose.

 

 

 

 

Erika McCann is licensed to conduct business as a real estate agent/realtor and real estate broker throughout the state of Texas.  She is a member of the National Association of Realtors, granting her the prestigious title of   REALTOR® .   In addition, she is a member of both The Texas Association of REALTORS ®,  The Houston Association of REALTORS ® (HAR), and REBAC® (Real Estate Buyer's Agent Council of America).

 

 

 

 

 

 

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