Apex Properties Blog and News:

The Fresh Report for November is in!

Hello Housing Availability!

The HAR Fresh report is out and here are the stats for the month of November.

Listing inventory is up a whopping 68.7% to 23,372 total properties available for sale in Houston.

What this means is, if you are a buyer, your options are growing and we're seeing some sellers being willing to negotiate from their list prices, which is quite the difference from a year ago at this time.

List prices are still up marginally at 6.7% higher
than the same month last year.

We are seeing a small listing slowdown of new properties as we head into the holidays.

This is typically the slowest month of the year, but that said, there will still be more than 7,000 sales in the month of December. So when we say slow... we mean a small reduction in volume.

Some part of the populace will always need to move.

Some good news in the mortgage rates department is that were seeing a bit of a drop off from the peak.

Rates are down in the mid 6's from the mid 7's a month ago. This is actually the fastest rate drop on record and some of the forecasts I've been reading are saying they think we'll be out of the 7's for good.

Sounds good to me!

We are here to serve you if you have a Real Estate need. Please call our team anytime if you'd like to have any kind of Real Estate conversation.

Want to know more about how our team works?
Click HERE for our seller info package.
Click HERE to see our current listings.

You should be FAR more concerned
with your current trajectory...
...than your current results.

Featured Listing of the Week: 4426 Desert Cliff Court

Who do you know that's looking to move their family into an amazing school zone? We just listed this totally turn-key 3,400 SF home in the center of Cinco Ranch for $500,000. It has 5 Bedrooms and 4 bathrooms and it is zoned to some of the best schools in Katy ISD! We're having an open house Tomorrow and Sunday from 1-3PM. If you know anyone that needs to get into a great house, feel free to send them by this weekend! Thanksgiving is next week and I want you to know I am thankful for you if you've been receiving this email for any length of time. We are here to serve you if you have a Real Estate need.   Want to know more about how our team works? Click HERE for our seller info package. Click HERE to see our current listings. Click HERE to see my track record. Friday Thought: Excellence...is nothing more than the mastery of fundamentals.

Who do you know that's looking to move their family into an amazing school zone?

I just listed this totally turn key 3,400 SF home in the center of Cinco Ranch for $500,000.

It has 5 Bedrooms and 4 bathrooms and it is zoned to some of the best schools in Katy ISD!

We're having an open house Tomorrow and Sunday from 1-3PM.

If you know anyone that needs to get into a great house, feel free to send them by this weekend!

Click here for the listing walk through video!

Thanksgiving is next week and I want you to know I am thankful for you if you've been receiving this email for any length of time.

Our team is here to serve you if you have a Real Estate need. Please call me anytime if you'd like to have any kind of Real Estate conversation.

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

The Full October Report Has Been Published by HAR

Ok let's talk about whats going on in Houston Real Estate right now.

Inventory is steadily growing. Some people will always need to move for one reason or another and they will need to put their house up for sale. As long as the demand is the same, the inventory level doesn't really change.

Unfortunately, the combination of sharp uptick in interest rates, and the fact that SO many people bought new houses in the last 2 years are both combining to reduce the demand for houses....so we're seeing inventory go up more than 50% from the same time last year.

Now when we say "reduce the demand"....realize that more than 8,000 properties in Houston changed hands last month. There is still plenty of demand.

So what that means, is if you have a house to sell, the "normal market" rules now apply again. The last 2 years were borderline nonsense.....everything was selling no matter what. We had practically zero listings expire across the city. Everything sold. Now that the demand has shrunk about 20%.....we're going to start seeing hundreds of homes a month across the city fail to sell.

So if you have a house to sell and you want to be successful at that... We are back to a few things being critically important:

1.) The condition of the house needs to be as close to turn key and move in ready as it possibly can.

2.) The price needs to make sense, and if you are a seller, you need your agent to be VERY aware of the competition's condition and price, so they can properly advise you how make sure your property is standing at the front of the line in the growing list of options that buyers now have.

3.) The presentation of the listing as it appears online could not be more critical. Photos, descriptions, captions, supplemental documents...all this stuff needs to be on point to make it as welcoming and easy to submit an offer as possible.

4.) Your agent needs to be very good at answering the phone. You will never know when the sale is hanging in the balance and a failure to get a buyer the info they need may cause them to simply move on.

Subsequently, these are also the things that helped maximize sale prices during the crazy times of the last 2 years, and we've already had these in practice for years, and we still never stop looking for ways to help sellers present their homes to be the best they can to the marketplace.

>> Click here if you'd like to read the full HAR report. <<

We are here to serve you if you have a Real Estate need. Please call our team anytime if you'd like to have any kind of Real Estate conversation.

Want to know more about how our team works?
Click HERE for our seller info package.
Click HERE to see our current listings.

It is not happy people who are thankful...
It is thankful people who are happy.

A Harvest Market Report!

The Preliminary numbers from HAR for October are in.

Listing activity itself was relatively stable, with roughly the same number of new listings entered in October year over year.

We currently have nearly 9,000 more listings available across the city than we did last year at the same time. This is leading to a larger number of price reductions off of the list prices and we are seeing days on market extending quite a bit.

Average Days on market has crept up above 60, so if you are a seller, you need to recalibrate to the new normal.

The good news is we still sold more than 7,000 properties in the city last month so sales are occurring all the time...it's just that now it has actually become critical again to know the market.

Its vitally important that the agent helps their seller be aware of who the listing is competing with and making sure the value of the property is shining forth in the listing description, photos, etc.

Prices are still up nearly 8% year over year. We may see things level out a bit as we move into the holidays, but as always, I expect to see some robust activity next Spring.

Investment property update from last week:

I have this builder calling me and telling me he has some incredible deals if people can close before then end of the year...If you were on the fence, PLEASE call our team and let us tell you about these.

Want to know more about how our team works?
Click HERE for our seller info package.
Click HERE to see our current listings.

The ultimate form of preparation
is not planning for a specific scenario,

but a developing a mindset
that can handle uncertainty.

― James Clear

October market Report:

Friday Thought:

The ultimate form of preparation

is not planning for a specific scenario,

but a developing a mindset

that can handle uncertainty.

― James Clear

Thinking about Investment Property?

This is your sign.

I have sold three of these units in this new section of Cross Creek this past week. I had some personal contacts looking for investment property and he ended up buying 2 of them so he would own the whole structure instead of having a shared wall neighbor (smart).

I have another past client and investor that I was immediately reminded of and I messaged him and told him I would recommend buying one of these. I told him if I wasn't in the process of buying a commercial office space for our team, I would absolutely be buying one of these units.

He mentioned he was looking at these same units this summer and the prices were much higher. Obviously the market has changed, and the builder is closing out the final 7 units in the subdivision so they are pricing them incredibly well. So he also pulled the trigger.

They are currently priced at $295,000 and if you go with the builder's lender you can get $10K in closing cost assistance. There are only a few left.

Are the rates great right now? No, but with the right amount down, these will still cash flow and they're GREAT investments for 3 reasons.

1.) They will rent easily. I can help with this.

2.) They are brand new construction under builder warranty for a full year....you're looking at practically zero maintenance costs over the next 5 years...just cash flow.

3.) I believe this section of Fulshear will increase in value dramatically over the next decade as the area is built out (which is the minimum time investors should considering holding property to gain equity.)

If you have been considering buying rental property and weren't sure how to do it...PLEASE call our team.

We can set you up with the sales counselor and I will get you one of these units.

We can help you get started on a journey to eliminate your primary mortgage payment through passive income. Financial independence is built through passive income and passive income is built through acquiring cash producing assets.

We are here to serve you if you have a Real Estate need.

Want to know more about how our team works?
Click HERE for our seller info package.
Click HERE to see our current listings.

For the best return on your money,
pour your purse into your head.
― Benjamin Franklin

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

Friday Thought:

You do not have to be great to start...

...but you do have to start to be great.

― Zig Ziglar

Mike Ferry Rocks:

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

Friday Thought:

For the best return on your money,

pour your purse into your head.

― Benjamin Franklin