You know about the town homes already near WindRose...what else is going in our area?
2 new restaurants are going in next to Cheddar's at Louetta and I-45. The one behind is a Mexican Restauraunt you may have seen near Willowbrook called Juan and Lefty's and the other is a Salad Bar type restauraunt.
I've never been to either, but I did not hear good reviews from a couple of people on the Mexican restaurant. I wish them both the best and I am hoping they take some of the over flow from Cheddar's because that place is PACKED almost all day every day!
I must also plug a new concept close to our area called Bullritos! www.Bullritos.com You guessed it...a Burrito Restaurant. This one is located in the newly renovated retail center at the corner of Stuebner Airline and Cypresswood; near the courthouse. If you have been to Which Wich, then you will recognize the ordering process of checking off items on a paper bag and submitting it to the cashier for a Bullrista (burrito-roller) to make your item. They also have soft tacos and bowls, flavored margaritas and beer). If you are a meat lover, I highly recommend the Carne Guisada in a Burrito or a Soft Taco...to die for, especially on a cold day like today! P.S. Bullrito's is a concept created by my husband's cousin and it is now a franchise....Go Russell!!!
Thursday, January 20, 2011
Wednesday, November 17, 2010
Let's Talk Turkey...about Real Estate
If you want something to talk about over your Turkey next week, read on...
First off, Houston's Market is still one of the best markets in the country. Last month, total property sales in the Houston Association of Realtors MLS were 4,404. That is 23.8% down from last year. Active listings are up 16.8%. Although, the average Single Family Home price is up 5.6% from last year at $208,459; the highest level recorded for an October in Houston. The median Single Family Home Price rose a little to $150,000; that's up .7% from last October, which is also the highest recorded for an October in Houston.
With 7.7 months of inventory (that's over 53,000 active listings), Houston is still below the national average of 10.7 months according to the NAR. Anything over 6 months of inventory makes it a buyer's market. With it being a buyer's market, you would think there would be a lot of buyers, especially with the historically low interest rates.
On the other hand, year-over-year townhouse/condominium rentals increased 25.7 percent. The reason for this is that of the 1200 to 1400 people moving to Texas each month, some of them still have a home to sell in another state before they can purchase here. Houston is still one of the most popular urban destinations of the people moving to Texas. So, hold onto your hats; let's stay positive and remember that we are still very fortunate to live and own, and invest in Houston area Real Estate.
If you have any questions about the value of your home or if you want to take advantage of this great buyer's market, please call or email me; I don't mind at all!
First off, Houston's Market is still one of the best markets in the country. Last month, total property sales in the Houston Association of Realtors MLS were 4,404. That is 23.8% down from last year. Active listings are up 16.8%. Although, the average Single Family Home price is up 5.6% from last year at $208,459; the highest level recorded for an October in Houston. The median Single Family Home Price rose a little to $150,000; that's up .7% from last October, which is also the highest recorded for an October in Houston.
With 7.7 months of inventory (that's over 53,000 active listings), Houston is still below the national average of 10.7 months according to the NAR. Anything over 6 months of inventory makes it a buyer's market. With it being a buyer's market, you would think there would be a lot of buyers, especially with the historically low interest rates.
On the other hand, year-over-year townhouse/condominium rentals increased 25.7 percent. The reason for this is that of the 1200 to 1400 people moving to Texas each month, some of them still have a home to sell in another state before they can purchase here. Houston is still one of the most popular urban destinations of the people moving to Texas. So, hold onto your hats; let's stay positive and remember that we are still very fortunate to live and own, and invest in Houston area Real Estate.
If you have any questions about the value of your home or if you want to take advantage of this great buyer's market, please call or email me; I don't mind at all!
Thursday, August 12, 2010
The Woodlands as one of America's top 10 coolest suburbs
THE WOODLANDS, Texas — Travel + Leisure listed The Woodlands as one of
America's top 10 coolest suburbs
that's worth a visit. The Woodlands came in at No. 8 out of 10 suburbs in our country.
The Woodlands was picked for its thriving town center, filled with restaurants, bars and major retail outlets, all accessible by foot or trolley, and concerts at The Cynthia Woods Mitchell Pavilion.
Travel + Leisure also cited Fox Sports Network and Anadarko Petroleum as being headquartered there, and there is an elaborate park and lake system which can be reached by water taxi.
The Woodlands is 25 miles from downtown Houston.
Other suburbs listed by Travel + Leisure as worth a visit are Montclair, N.J., Evanston, Ill., Lakewood, Ohio, Bellevue, Wash., Roswell, Ga.., and Alameda, Calif.
America's top 10 coolest suburbs
that's worth a visit. The Woodlands came in at No. 8 out of 10 suburbs in our country.
The Woodlands was picked for its thriving town center, filled with restaurants, bars and major retail outlets, all accessible by foot or trolley, and concerts at The Cynthia Woods Mitchell Pavilion.
Travel + Leisure also cited Fox Sports Network and Anadarko Petroleum as being headquartered there, and there is an elaborate park and lake system which can be reached by water taxi.
The Woodlands is 25 miles from downtown Houston.
Other suburbs listed by Travel + Leisure as worth a visit are Montclair, N.J., Evanston, Ill., Lakewood, Ohio, Bellevue, Wash., Roswell, Ga.., and Alameda, Calif.
Friday, July 23, 2010
June Real Estate Report
MLS Report for June 2010
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.
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.
Tuesday, May 18, 2010
Land Clearing in WindRose on Alvin A. Klein
Since the clearing of the land on Alvin A. Klein just west of Kuykendahl, many area residents have been wondering what will soon grace their community. The wait is over. I have found out yesterday that a local builder has purchased the land and is building town homes.
During a face to face conversation with the builder I have found out the following information. There will be 30 town homes, surrounded by two gates and a fence. These will be rentals that will be owned and managed by the builder, much like some that he has in other parts of town.
There will be one story and two story units. Each building will have 4 units of which the two end units will be one story (1500sf) with two bedrooms, two baths and a two car garage. The interior units will both be two story (1700 sf) with three bedrooms of which one bedroom (not the master) will be downstairs, two baths and a two car garage. He said there will be granite counter tops, ceramic tile and he will only be looking for good tenants and will not just rent to anyone. He spoke highly of our community and how nice the area was. I have a preliminary rental price for each home of which he said would be around $1250. per month for the 2 Story Plan and $1200.00 per month for the one story plan and will include lawn service. Each home is to have some yard. The first occupancy is scheduled for beginning of November, 2010.
If you would like to see a sample of some of the work he has done and what these may look like,click here.
For more information on this or if you would like to know the value of your home, please call or email me.
You can also sign up for a FREE Market Snapshot of your home on my website.
During a face to face conversation with the builder I have found out the following information. There will be 30 town homes, surrounded by two gates and a fence. These will be rentals that will be owned and managed by the builder, much like some that he has in other parts of town.
There will be one story and two story units. Each building will have 4 units of which the two end units will be one story (1500sf) with two bedrooms, two baths and a two car garage. The interior units will both be two story (1700 sf) with three bedrooms of which one bedroom (not the master) will be downstairs, two baths and a two car garage. He said there will be granite counter tops, ceramic tile and he will only be looking for good tenants and will not just rent to anyone. He spoke highly of our community and how nice the area was. I have a preliminary rental price for each home of which he said would be around $1250. per month for the 2 Story Plan and $1200.00 per month for the one story plan and will include lawn service. Each home is to have some yard. The first occupancy is scheduled for beginning of November, 2010.
If you would like to see a sample of some of the work he has done and what these may look like,click here.
For more information on this or if you would like to know the value of your home, please call or email me.
You can also sign up for a FREE Market Snapshot of your home on my website.
Sunday, July 26, 2009
Houston price of Single Family home reaches all- time high
Houston Home Sales Show Continued Strengthening in June
Median price of a single-family home reaches all-time high
HOUSTON — (July 21, 2009) — Sales of single-family homes for the greater Houston area continued to improve in June, with the highest volume recorded since August 2008 and the highest median price in history. This comes despite a year-over-year decline in overall property sales of 15.0 percent and 13.5 percent for single-family homes, according to new monthly data compiled by the Houston Association of REALTORS® (HAR).
At $164,500, the June single-family home median price – the figure at which half of the homes sold for more and half sold for less – rose 2.8 percent from one year earlier to reach an all-time high. The average price of a single-family home in Houston dipped 2.4 percent last month to $221,783 compared to June 2008. That represents the highest average price since August 2008.
Foreclosure property sales showed further decline, as they have each month this year, making up 16.8 percent of all single-family home sales in the Houston area in June. That compares to 34.0 percent in January, 28.0 percent in February, 24.5 percent in March, 23.6 percent in April and 19.9 percent in May. The median price of June foreclosure sales reported in the Multiple Listing Service (MLS) fell 3.0 percent from $90,000 to $87,000 on a year-over-year basis.
Sales of all property types in Houston for June totaled 6,306, off 15.0 percent compared to June 2008. Total dollar volume for properties sold during the month was $1.3 billion versus $1.6 billion one year earlier, an 18.3 percent decline.
Demand for rental properties eased slightly in June, possibly reflecting a growing readiness among renters to purchase a home. Leases of single-family homes edged up 3.2 percent and leases of townhouses and condominiums rose 8.7 percent on a year-over-year basis.
“The Houston real estate market has shown incremental improvement each month this year, both in terms of sales volume and the pricing stability that others around the country envy,” said Vicki Fullerton, HAR chair and broker of record at RE/MAX of The Woodlands & Spring. “Seasonal spring home buying, particularly among first-time buyers who are taking advantage of the government’s $8,000 tax credit and historically low interest rates, accounts for much of the June sales activity and, naturally, we hope that continues through the summer months and beyond.”
June Monthly Market Comparison
The month of June brought Houston’s overall housing market mixed results when all listing categories are compared to June of 2008. Total property sales, total dollar volume and average single-family home sales prices fell on a year-over-year basis while median single-family home sales prices rose to an historic high.
The number of available properties, or active listings, at the end of June fell 14.5 percent from June 2008 to 45,989. That is 707 more active listings than one month earlier, in May 2009, and continues to reflect balanced housing inventory levels.
Month-end pending sales—those listings expected to close within the next 30 days—totaled 3,896, which was 12.6 percent lower than last year and portends another decline in sales when July’s numbers are tallied. The month’s inventory of single-family homes for June came in at 6.4 months, down from 6.7 months one year earlier. The national month’s inventory of single-family homes fell slightly to 9.6 months, according to the National Association of REALTORS® (NAR).
CATEGORIES JUNE 2008 JUNE 2009 PERCENT CHANGE
Total property sales 7,418 6,306 -15.0%
Total dollar volume $1,644,522,286 $1,344,025,973 -18.3%
Average single-family sales price $227,340 $221,783 -2.4%
Median single-family sales price $160,050 $164,500 2.8%
Total active listings 53,792 45,989 -14.5%
Total pending sales 4,456 3,896 -12.6%
Months inventory* 6.7 6.4 -4.2%
* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.
Single-Family Homes Update
At $164,500, the median sales price for single-family homes reached its highest level ever, rising 2.8 percent from June 2008, when it was $160,050. The national single-family median price reported by NAR is $173,000, illustrating the continued higher value and lower cost of living that the Houston market offers consumers. The average price of single-family homes in June was $221,783, down 2.4 percent from one year earlier.
June sales of single-family homes in Houston totaled 5,422, down 13.5 percent from June 2008, and accounted for the 22nd consecutive monthly drop. However, that volume is the highest since August 2008. Year-over-year sales of single-family homes priced at $80,000 and below declined 7.2 percent in June, reflecting tapering transactions involving distressed properties.
Median price of a single-family home reaches all-time high
HOUSTON — (July 21, 2009) — Sales of single-family homes for the greater Houston area continued to improve in June, with the highest volume recorded since August 2008 and the highest median price in history. This comes despite a year-over-year decline in overall property sales of 15.0 percent and 13.5 percent for single-family homes, according to new monthly data compiled by the Houston Association of REALTORS® (HAR).
At $164,500, the June single-family home median price – the figure at which half of the homes sold for more and half sold for less – rose 2.8 percent from one year earlier to reach an all-time high. The average price of a single-family home in Houston dipped 2.4 percent last month to $221,783 compared to June 2008. That represents the highest average price since August 2008.
Foreclosure property sales showed further decline, as they have each month this year, making up 16.8 percent of all single-family home sales in the Houston area in June. That compares to 34.0 percent in January, 28.0 percent in February, 24.5 percent in March, 23.6 percent in April and 19.9 percent in May. The median price of June foreclosure sales reported in the Multiple Listing Service (MLS) fell 3.0 percent from $90,000 to $87,000 on a year-over-year basis.
Sales of all property types in Houston for June totaled 6,306, off 15.0 percent compared to June 2008. Total dollar volume for properties sold during the month was $1.3 billion versus $1.6 billion one year earlier, an 18.3 percent decline.
Demand for rental properties eased slightly in June, possibly reflecting a growing readiness among renters to purchase a home. Leases of single-family homes edged up 3.2 percent and leases of townhouses and condominiums rose 8.7 percent on a year-over-year basis.
“The Houston real estate market has shown incremental improvement each month this year, both in terms of sales volume and the pricing stability that others around the country envy,” said Vicki Fullerton, HAR chair and broker of record at RE/MAX of The Woodlands & Spring. “Seasonal spring home buying, particularly among first-time buyers who are taking advantage of the government’s $8,000 tax credit and historically low interest rates, accounts for much of the June sales activity and, naturally, we hope that continues through the summer months and beyond.”
June Monthly Market Comparison
The month of June brought Houston’s overall housing market mixed results when all listing categories are compared to June of 2008. Total property sales, total dollar volume and average single-family home sales prices fell on a year-over-year basis while median single-family home sales prices rose to an historic high.
The number of available properties, or active listings, at the end of June fell 14.5 percent from June 2008 to 45,989. That is 707 more active listings than one month earlier, in May 2009, and continues to reflect balanced housing inventory levels.
Month-end pending sales—those listings expected to close within the next 30 days—totaled 3,896, which was 12.6 percent lower than last year and portends another decline in sales when July’s numbers are tallied. The month’s inventory of single-family homes for June came in at 6.4 months, down from 6.7 months one year earlier. The national month’s inventory of single-family homes fell slightly to 9.6 months, according to the National Association of REALTORS® (NAR).
CATEGORIES JUNE 2008 JUNE 2009 PERCENT CHANGE
Total property sales 7,418 6,306 -15.0%
Total dollar volume $1,644,522,286 $1,344,025,973 -18.3%
Average single-family sales price $227,340 $221,783 -2.4%
Median single-family sales price $160,050 $164,500 2.8%
Total active listings 53,792 45,989 -14.5%
Total pending sales 4,456 3,896 -12.6%
Months inventory* 6.7 6.4 -4.2%
* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.
Single-Family Homes Update
At $164,500, the median sales price for single-family homes reached its highest level ever, rising 2.8 percent from June 2008, when it was $160,050. The national single-family median price reported by NAR is $173,000, illustrating the continued higher value and lower cost of living that the Houston market offers consumers. The average price of single-family homes in June was $221,783, down 2.4 percent from one year earlier.
June sales of single-family homes in Houston totaled 5,422, down 13.5 percent from June 2008, and accounted for the 22nd consecutive monthly drop. However, that volume is the highest since August 2008. Year-over-year sales of single-family homes priced at $80,000 and below declined 7.2 percent in June, reflecting tapering transactions involving distressed properties.
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