Milestones and Visions: 2017 in Review and a Look into 2018

Milestones-and-Vision-Cover-phot_20180131-194251_1
What a year 2017 was, and we are so excited for what is to come in 2018! We love and appreciate all of our clients and supporters. Thank you for being on this journey with us; we are forever grateful. From birthdays, to community events, volunteering, holiday parties, exceeding our personal goals and a record sales year, we have so much to be thankful for and are looking ahead to a very bright 2018.



 2017 Milestones:

  • Our team has grown: K. Hill Zander (Licensed Realtor®) and Laura Krumm (Marketing Assistant) joined our team
  • Addition of a new publication for advertising – Houston City Book
  • We reached 2016's total sales volume in the first quarter of 2017
  • Started the process of our new office build-out on San Felipe Street

2017 in Review

"Despite the devastating assault that Hurricane Harvey waged on the greater Houston area last summer – from which many property owners are still recovering – the Houston real estate market set new records by the time the sun set on 2017. Single-family home sales for the full year rose 3.5 percent compared to 2016, the previous record year. However, as 2018 gets underway, the supply of housing remains constrained. Inventory had begun to reach more balanced levels when Harvey's widespread flooding sent affected residents scrambling for whatever undamaged rental and sales homes were available to provide safe shelter for themselves and their families.

According to the latest report produced by the Houston Association of Realtors (HAR), sales of all property types in 2017 totaled 94,726 units, a 3.5-percent increase over 2016's volume, which was 91,530. Total dollar volume for single-family homes sold in 2017 rose 6.5 percent to $23 billion.

'No one could ever have imagined 2017 turning out to be a record-setting year for the Houston real estate market, which had weathered the effects of the energy slump only to have Harvey strike such a devastating blow," said HAR Chair Kenya Burrell-VanWormer with JP Morgan Chase. "We know that many are still working tirelessly to rebuild their lives after Harvey, but overall, this clearly illustrates the incredible resilience of the people and the economy of Houston, Texas. We also know that some neighborhoods are performing better than others, so it's always advisable to consult a Realtor when thinking about buying or selling a home."

December single-family home sales rose 4.1 percent to 6,875 versus December 2016. The strongest sales performance took place among homes priced between $250,000 and $500,000. Total property sales for the month climbed 3.5 percent to 8,125.

The single-family home median price (the figure at which half of the homes sold for more and half sold for less) rose 1.7 percent to $230,000. That marks the highest median price ever for a December. The average price declined 0.6 percent to $292,174.'"
        (http://www.har.com/content/mls/?m=1&y=18

Congrats to all of our 2017 top producers! The girls are so excited for their award trip to Napa! Here's to a great 2018!


A Look into 2018

Visions:

  • Expanding and adding new additions to our Marketing and Realtor® team
  • Perdomo Properties is growing! We are extremely excited to move into our new office space in February 2018. Kim Perdomo and team have worked incredibly hard to build a space to service clients throughout the Houston area. Our Memorial office will be open in addition to our new, main office on San Felipe Street.  

7880 San Felipe Street, Suite 220 Houston, TX 77063




Thank you for reading!


Kim Perdomo 

Questions Every Houston Homebuyer Should Ask Befor...

Related Posts