Houston – (May 17, 2011d) The boost that the federal tax credit gave the Houston housing market in April 2010 continues to overshadow local home sales one year later. Sales of homes declined in April 2011 along with average and median prices, however volume increased among rental properties.
According to the latest monthly data compiled by the Houston Association of REALTORS® (HAR), April single-family home sales fell 14.2 percent versus one year earlier. Only the under-$80,000 segment of the market experienced increased sales, which weighed down pricing. Compared to April of 2009, a year with no unusual market factors such as Hurricane Ike in 2008 and the 2010 tax credit, single-family home sales were up 10.1 percent.
The average price of a single-family home dipped 0.6 percent from April 2010 to $202,545. The April single-family home median price—the figure at which half of the homes sold for more and half sold for less—declined 2.2 percent year-over-year to $148,000.
Foreclosure property sales reported in the Multiple Listing Service (MLS) decreased 4.6 percent in April compared to one year earlier. Foreclosures comprised 22.0 percent of all property sales in April, down from 23.5 percent in March. Read the rest of this entry »
Spoken by Julie Q. Fuelling |
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In what reads like a carbon copy of the February housing report, local home sales fell slightly in March while the average price of those homes rose.
In what reads like a carbon copy of the February housing report, local home sales fell slightly in March while the average price of those homes rose. The lower sales volume compares to sales activity in March 2010 that was driven, in part, by the federal government’s first-time home buyer tax credit incentive.
According to the latest monthly data compiled by the Houston Association of REALTORS® (HAR), March sales of single-family homes fell 4.4 percent versus one year earlier. As in February, the popular middle segments of the Houston housing market, consisting of homes priced between $80,000 and $250,000, experienced declining sales while the low and high ends saw an increase in number of sales. Compared to March of 2009, a year without unusual market factors such as Hurricane Ike in 2008 and the 2010 tax credit, single-family home sales were up 6.6 percent.
Luxury home sales boosted the average price of a single-family home for a third straight month. The average price rose 3.3 percent from March 2010 Read the rest of this entry »
Spoken by Julie Q. Fuelling |
Last chance to register for KPC’s Unplugged Adventures: Let’s Go Fly a Kite! On Saturday, April 16, KPC will host kite enthusiasts at our Indiangrass Preserve from 1 PM – 3 PM. We’ll have an afternoon of flying kites in the clear skies of the windy prairie, plus an exclusive kite-making lesson with experts. We’ll be giving away free kites to the early birds. After the lesson you can take a short hike around our Indiangrass Preserve, where the Native Seed Nursery is in the full flush of spring. Feel free to bring a picnic lunch!
Date: Saturday, April 16 from 1 PM to 3 PM
Where: Indiangrass Preserve
Space extremely limited and registration is required. Email info@katyprairie.org or call 713.523.6135 for more details.
Wondering how to dress for trips to the prairie? Remember to always wear closed-toe shoes and long pants. A long-sleeved shirt and a hat are also recommended.
Spoken by Julie Q. Fuelling |
I love this photo and immediately thought it would be a great analogy for the recovering real estate market. Steadily and most assuredly the Katy real estate market is making great strides.
Certain areas of Katy, especially those houses south of I-10, are experiencing a very competitive market. In most sections of Cinco Ranch, it is not a buyers market.
Public perception seems to lag behind the current market movement. Sometimes a buyer has to lose several houses when they make low-ball offers before they enter into competitive negotiations.
To tour Katy homes and work with a Realtor who can assist you in selecting a home, navigate repairs and negotiations, call me at 713-818-2404. I have sold Katy real estate for over 21 years. Experience does count!
Spoken by Julie Q. Fuelling |
It’s been way too long since I posted to my blog. Business has been booming and I have been spending my time with sellers and buyers. I sure hope I haven’t lost any of my regular readers! Today’s post is about a new builder who has entered the Cinco Ranch market.
Katy’s reputation as the nation’s number one “most notable high-growth area” has attracted a major national homebuilder, Columbus, Ohio-based M/I Homes. This top national builder is publicly traded on the New York Stock Exchange (MHO).
M/I Homes now has a model home under construction in Cinco Ranch. It plans to open the model in early April to showcase all-new floor plans and architectural designs created especially for the Houston market after extensive research with local homebuyers. Read the rest of this entry »
Spoken by Julie Q. Fuelling |
Beazer Homes, an Atlanta based builder, recently closed on 209 acres on FM 1463 for a development to be called Churchhill Farms. According to The Houston Chronicle, ”Named after the founder of Fulshear, Churchill Fulshear, Churchill Farms will have 550 lots, more than 40 acres of open space, a 10-acre lake and a community pool and clubhouse.” The first model homes are scheduled to open in January 2012.
The Cardiff family, one of Katy’s oldest families, retained this last tract of the old family homestead. The land was purchased by the Cardiff family in 1924 and recently sold to Beazer.
The Chronicle went on to say, “Homes will range from $150,000 to $250,000, depending on the lot sizes. The smaller lots are targeting single professionals working in the Energy Corridor in west Houston or medical professionals working in the hospitals along I-10. The larger lots will likely house move-ups.”
Beazer has announced that preliminary plans include 16 acres of retail and commercial development.
To tour Katy or Fulshear homes and work with a Realtor who can assist you in negotiations, call me at 713-818-2404. I have sold Katy real estate for over 21 years. Experience does count!
Spoken by Julie Q. Fuelling |
Don’t miss the new listing in Katy’s beloved Nottingham Country, 1170 Barkston Drive. Call me for a private tour: 713-818-2404.
This immaculate home is move-in ready. Incredible details abound from the dual mahogany 8′ lead-glass front doors to the heated salt-water pool and Jacuzzi. There is an amazing French country kitchen with granite countertops, a 6-burner range top and double ovens. The study has built-ins including a bookcase with glass doors. The family room is huge; it features cathedral ceilings and a wall of windows overlooking the pool. The updated master bedroom is downstairs. The master bath has a walk-in mosaic tile shower and garden tub. The elegant circular stairwell leads to a gameroom upstairs. There is a guest bedroom and bathroom upstairs plus two more bedrooms with a Jack-and-Jill bath. See MLS for more details.
Spoken by Julie Q. Fuelling |
Compliments of Inman News
Search giant Google will no longer support real estate listings uploaded to its classifed listings site on Google Maps, the company announced today.
Consumers will no longer be able to find for-sale, foreclosure, or rental properties through the search function on Google Maps, and real estate professionals will no longer be able to upload their listings to Google Base, the company’s classifieds site, which is being replaced by Google Shopping APIs and will not support real estate listings.
Spoken by Julie Q. Fuelling |
I’d like to share a very interesting announcement with you.
Keller Williams Premier has been named by the Houston Association of Realtors as the #1 Katy real estate office for closed units sold in 2010.
Keller Williams Premier has also been recognized as #1 in Katy for closed dollar volume in 2010.
Keller Williams Premier is located in Cinco Ranch in the Villagio Shopping Center at the intersection of Peek and Westheimer Parkway. The address is 22762 Westheimer Parkway, Suite 430.
If you are considering a career in real estate, Keller Williams Premier is where you want to be! We are known for exemplary education and we even have profit sharing! For more details and an introduction to our Team Leaders, contact me at 713-818-2404.
Spoken by Julie Q. Fuelling |
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