This report reflects the real estate market activity in Bellaire, TX 77401 for the month of October 2022. It includes details on supply and demand, comparisons to past years, and price segmentation insights.
Real Estate Market Report
INVENTORY SHORTAGE IS MORE ISOLATED - Inventory levels dropped in the mid-range price segments - Highest luxury homes are a BUYERS' market IMPRESSIVE DEMAND! - With 21 sales in October, this is the highest demand since May - This demand beat out all the summer months (June-Sept) - Days on Market (DOM) for these SOLD homes dropped significantly
HEADLINES
BELLAIRE MARKET REPORT
Demand (Under Contract) | Year over Year | October 2022
Average List Price Under Contract = $1,039,276 Median List Price Under Contract = $1,039,000
Average # Days on Market Before Under Contract = 29 Days Median # Days on Market Before Under Contract = 12 Days
as of 11/5/2022
38
32
31
31
30
28
26
26
24
24
21
21
19
19
18
18
17
16
15
13
12
10
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2022 Listings Under Contract
2021 Listings Under Contract
2020 Listings Under Contract
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YTD Total
2022
19
24
38
24
31
18
12
16
13
21
2021
32
29
43
34
35
24
30
26
28
32
28
17
358
2020
15
19
18
10
21
32
28
26
31
30
26
17
273
Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family | Bellaire, TX (as determined by 77401)
1
BELLAIRE MARKET REPORT
Listing Inventory, Year Over Year | October 2022
Average List Price = $1,302,468 Median List Price = $1,238,500 Average # Days on Market = 79 Days Median # Days on Market = 44 Days
as of 11/5/2022
197
186
181
172
165
164
162
157
146
140
130
111
67
66
63
63
58
54
49
48
47
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2022 Listing Inventory
2021 Listing Inventory
2020 Listing Inventory
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YTD Total
2022
58
47
40
49
48
54
67
63
63
66
2021
111
90
82
102
116
121
123
99
90
77
64
61
111
2020
140
157
162
172
197
186
181
164
165
146
130
111
140
Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family | Bellaire, TX (as determined by 77401)
2
MARKET ANALYSIS | BELLAIRE, TX
Inventory & Purchasing Levels, October 2022
These three metrics are helpful in an analysis to understand your selling and buying position.
A note about Months of Inventory : Real estate economists tell us a six-month supply of “for sale” inventory represents a balanced market between sellers and buyers. Over six month’s of “for sale” inventory indicates a buyer ! s market . Less than six months of inventory is considered a seller ! s market .
Month’s Supply of Inventory (as of Nov 5 th )
# Active Listings (as of Nov 5 th )
# Under Contract (as of Nov 5 th )
Price Range
Below $500K
2.7
8
2
$501K – 750K
4.3
14
3
$751K – 900K
2.3
7
4
$901K – 1M
0.3
1
1
$1M – 1.3M
1.0
6
7
$1.3M – 1. 5M
3.0
7
2
$1.5M - 2M
7.5
15
1
$2M +
12.0
8
1
ALL PRICE RANGES
3.0
66
21
Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family | Bellaire, TX (as determined by 77401)
3
SUPPLY | BELLAIRE, TX 77401
2022 Supply of Homes on the Market, through October 2022
Price Range
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Below $500K
11
9
7
4
10
12
14
9
7
8
$501K – 750K
13
9
10
18
16
18
15
14
12
14
$751K – 900K
3
5
3
4
3
5
5
6
8
7
$901K – 1M
6
2
6
3
1
2
2
1
0
1
$1M – 1.3M
8
10
3
5
2
3
9
8
9
6
$1.3M – 1. 5M
3
2
1
1
5
2
4
4
5
7
$1.5M - 2M
10
8
8
11
7
10
13
13
11
15
$2M +
4
2
2
3
4
2
5
8
11
8
TOTALS
58
47
40
49
54
63
63
66
48
67
Average List Price = $ 1,302,468, Median List Price = $1,238,500 Average Number of Days on Market = 79 Days, Median Number of Days on Market = 44 Days
* Averages/means based on inventory of homes available for sale, as of November 5, 2022
Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family | Bellaire, TX (as determined by 77401)
4
DEMAND | BELLAIRE, TX 77401
2022 Home-Buying Demand by Month, through October 2022
Price Range
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Below $500K
5
5
3
3
2
4
2
3
1
2
$501K – 750K
3
4
6
1
5
4
0
0
5
3
$751K – 900K
1
3
8
0
6
3
1
1
2
4
$901K – 1M
3
2
1
6
4
1
2
2
0
1
$1M – 1.3M
3
6
12
6
7
2
3
4
3
7
$1.3M – 1. 5M
2
2
5
3
0
1
2
3
0
2
$1.5M - 2M
1
1
2
3
5
3
2
3
2
1
$2M +
1
1
1
2
2
0
0
0
0
1
TOTALS
19
24
38
24
31
18
16
13
21
12
Average List Price Under Contract = $1,039,276 Median List Price Under Contract = $ 1,039,000 Average Days on Market Before Under Contract = 29 Days, Median Days on Market Before Under Contract = 12 Days
Listings placed under contract during the month—by list price. * Averages/means based on inventory of homes available for sale, as of November 5, 2022
Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family | Bellaire, TX (as determined by 77401)
5
With her integrity and award-winning success, top producer Belinda Schmidt has propelled her client?s best interests forward by frank advocacy and problesolving knowhow. Analytical and practical traits paired with an uncanny ability to move clients toward wise decision-making have positioned Belinda as trusted advisor and strategic guide. A lifelong career in management consulting? facilitating both Fortune 500 clients and smaller start-ups? directly translates into real estate prowess, in which her entrepreneurial spirit and client enthusiasm prevail. Her analytical acumen honed by her mathematics degree (B.S.) from The University of Texas at Austin and her MBA from Carnegie Mellon University adds value, no doubt. It?s no surprise she was awarded the John Daugherty, Realtor?s Rising Star Award, and earned membership in Circle of Excellence, Society of Distinction, and top producer ranks. But her most prized accomplishment is her clients?trust. When you work with me, you will get: - Lifelong experience in professional services - Analytical acumen - MBA and business savvy - Experienced problem-solver
BELINDA B SCHMIDT
Belinda B. Schmidt belinda.schmidt@SIR.com | 713.417.1177 www.belindaschmidt.com
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