Katy Home Prices Continue to Rise as Demand Outweighs Supply

Family Room

Pictured above is a Cinco Ranch Southwest home that I listed in late February. We had 18 showings the very first day and four offers. It sold for $10,000 above list price cash!

I have never, in my 24 years of selling Katy real estate, seen a market as ferocious as this one! It’s a seller’s dream come true and a real challenge for buyers. Buyers definitely need to be working with a Realtor so they can get into see the new listings as soon as they go on the market!

March brought about the 34th consecutive month of positive home sales, despite the record low 2.6-month supply of inventory that has prevailed throughout 2014.

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), home sales rose 3.7 percent year-over-year, with March single-family home sales totaling 5,971. That is the largest one-month sales volume recorded since last September.

The supply of homes first reached 2.6 months of inventory in December 2013 and has held steady ever since. However, it is down from the 3.5-month supply in March 2013 and significantly lower than the national supply of 5.2 months of inventory.

The average price of a single-family home increased 11.0 percent year-over-year to $261,329. The median price—the figure at which half the homes sold for more and half for less—climbed 9.8 percent to $189,900. Both figures represent the highest prices Houston has ever seen in a March.

Single-family homes priced from $250,000 through the millions saw the greatest sales activity and accounted for the latest jump in prices. Homes priced at $150,000 and below experienced declines.

“Houston home sales rose again in March, with most of the buying taking place at the higher end of the market,” said HAR Chair Chaille Ralph with Heritage Texas Properties. “We’ve also seen Read the rest of this entry »

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Taste of Texas: Firethorne to Showcase 12 Homes, Four Model Home Parks May 4-10

Firethorne is revving up for its 2013 Taste of Texas Model Home Tour Saturday, May 4 – Friday, May 10, showcasing 12 homes in the master-planned community’s four Model Home Parks, including a model in Firethorne’s first-ever gated section.  The Model Home Tour, free and open to the public from10 a.m. to7 p.m., will feature prize drawings for those who complete the full tour. 

Firethorne will open its dozen fully furnished and landscaped model homes in the four Model Home Parks, including a new brick and stone veneer Perry home in Firethorne’s Model Park III.  The Perry model is a one-story, four-bedroom, three-bath home with a three-car garage. Perry Homes is the exclusive builder in this gated neighborhood composed of 60-foot lots. The two-phase section will house approximately 150 homes upon completion.  

Other members of the Firethorne builder team are Ashton Woods Homes, Coventry Homes, Highland Homes, M/I Homes and Plantation Homes.  

Firethorne’s Model Park I, II and III are east of FM 1463 on Pinpoint Crossing Drive and Iron Read the rest of this entry »

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Katy New Construction Update–September 2012

This article is compliments of The Katy Area Economic Development  Council

Cinco Ranch Southwest located at Spring Green Boulevard and FM 1093 is almost nearing completion, with 905 lots developed in 2011, 678 lots projected for 2012, and 5,200 total lots are projected at completion.

Cinco Ranch Northwest projected 429 lots for 2012, and 1,182 total lots are projected at completion in about four years. The firm and the school district have already determined that another school is needed in that community.

Cross Creek Ranch projected 550 lots for 2012 and 6,575 total lots are projected at completion.

Churchhill Farms, a project located west of FM 1463 is under construction with 187 lots projected for 2012, and 570 total lots projected at completion.

Pine Mill Ranch completed 153 lots in 2011; 176 lots are projected in 2012, and 1,212 total Read the rest of this entry »

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Firethorne’s New Elementary Featured on YouTube

With Katy ISD’s newest elementary school opening Aug. 27 with 722 students, Principal Kelly Ricks knew she wanted to introduce the K-5 grade students to their new school and new teachers in a fun, approachable way.  So, she, along with the teachers and staff and the school’s namesakes, Ray and Jamie Wolman, created a lip dub video to the Katy Perry song, “Firework.”  To date, there are 3,131 views on the YouTube link!  

Wolman is home of The Explorers (school mascot) in red, silver and black.  This is the first school to open within the 1,400-acre Firethorne  master-planned community in Katy/Fulshear.

Ms. Ricks, who is a prized Katy-based educator and administrator, says this assignments marks “a highlight of her career to start a school from the ground up.”  Her talents and achievements in primary school education are recognized statewide by the Texas Education Agency (TEA) as well as nationally with a prestigious National Blue Ribbon nomination this year.

She is immediate past principal of Katy ISD’s Diane Winborn Elementary, a TEA Exemplary School also recognized multiple years by the Texas Business and Education Coalition, Texas Monthly and the Houston Chronicle, and one of 26 schools in the state nominated by the Texas Education Agency for the 2012 National Blue Ribbon Award.  Her former school was one of only 13 Blue Ribbon nominees in Texas to be designated “High Performing” schools in 2012. 

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Katy’s Firethorne Announces New Homebuilder

Firethorne Announces New Builder

M/I Homes is the newest homebuilder to join the builder team at Firethorne, a 1,400-acre master-designed residential community located in Katy/Fulshear.   The builder’s 60-foot lot model home will be constructed in the new Firethorne West Model Park.  Firethorne is situated 10 and 15 miles west of the Texas Medical Center-West Campus and Houston’s Energy Corridor, respectively.

M/I Homes’ one- and two-story homes, available in brick, stone and stucco exterior elevations, will range from 2,000 to 3,400 square feet and priced from the $220,000s. The builder’s signature features include soaring windows, rotundas, structural and designer options and a 30-year transferable structural warranty.

“We hand-select each of our builders based upon their high standards for design, quality, customer satisfaction and reputation,” said Firethorne General Manager Wayne Meyer. Currently completing the Firethorne builder team are: Ashton Woods Homes, Coventry Homes, Highland Homes, Partners in Building, Perry Homes, Plantation Homes and David Weekley Homes.

Firethorne, located in the top-ranked Katy Independent School District and Lamar Consolidated Independent School District, features 150 acres devoted to parks and recreational amenities, a 12-acre lake with surrounding greenbelt, resort-style swim center, new competitive swim center, sports fields, hike/bike trails, parks and playgrounds, discovery-rich wildlife observation area and a natural bird habitat. 

To tour Firethorne, visiting both new construction and resale homes, call me at 713-818-2404. I have sold Katy real estate for over 22 years and would be delighted to hear from you!

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Fulshear’s Firethorne Breaks its Own Records

firethorne fulshear tx

Firethorne continued its record-breaking ways in 2010, selling 254 new homes, an all-time high for the five-year-old Katy/Fulshear residential development.   This represents a 6.7 percent increase in new home sales over 2009, when the 1,400-acre master-designed community marked its previous record-breaking 238 homes sold.

“The continued growth of the Katy/Fulshear/West Houston economy, the Federal tax credits for first-time homebuyers (offered earlier in the year), our outstanding public schools and ongoing support from the local Realtor ® community have fueled the success we achieved in 2010,” said Firethorne General Manager Wayne Meyer.

Project-to-date, Firethorne has sold 1,132 new homes.   The Firethorne homebuilders are Coventry Homes, Highland Homes, Partners in Building, Perry Homes, Plantation Homes and David Weekley Homes.

In terms of growth, energy companies have relocated employees to the area, Read the rest of this entry »

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Fulshear/Katy’s Firethorne Launches Tennis Program

FirethorneTennis Katy TX Real Estate

If you think Firethorne’s tennis coach is just an ace on the tennis court, you couldn’t be more wrong. Resident athlete/sports coach Chris Dante didn’t even take up the sport until he was 30, after excelling in baseball, (in 1988 he made it as far as the Olympic Trials), basketball, (City University of New York team captain), and football, as well as boxing and Taekwondo, (he has a black belt)!

“But after one too many broken noses, I turned to something less brutal — tennis,” said Dante, who helped launch Firethorne’s premiere tennis program this spring. With the new Women’s Tennis League and beginner tennis clinics now in full swing, Firethorne continues to demonstrate the Katy/Fulshear community’s commitment to fitness and competitive sports, through its hike and bike trails, swimming and running, regulation lacrosse fields and personal training at the on-site exercise facility.

During the summer, Coach Dante offers two morning clinics for resident children, (9 and 10 a.m.), and one 6 p.m. clinic for adult beginners. He also teaches private Read the rest of this entry »

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Fulshear’s Firethorne Announces Record Year

sunset over firethorne lake

Firethorne sold 238 new homes in 2009, achieving a record high for annual sales for the Katy/Fulshear residential development.   Last year’s home sales represent a 16.6 percent increase over 2008 (204 homes). The previous record for the four-year-old development was 218 sales in 2007.  The 1,400-acre master-designed community is located 15 miles west of Houston’s Energy Corridor.

“We’re very pleased with these figures,” noted Firethorne General Manager Wayne Meyer.  According to Meyer, Firethorne has been holding its own thanks to continued growth in the Katy and Fulshear areas and for being part of one of the greatest school districts in the state. “BP America and Conoco/Phillips have relocated employees here, plus three major Houston hospitals are expanding in this area — two under construction and one on the drawing board,” he noted. Read the rest of this entry »

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Katy Resident Honored by David Weekley Homes

Sandee Horton David Weekley Homes Katy Texas Firethorne

Katy resident Sandee Horton, my dear friend and Senior Sales Consultant for David Weekley Homes in Firethorne, was named Top Sales Consultant of the Year in Houston for David Weekley Homes for the second consecutive year!

“Sandee Horton does a top-notch job at Firethorne and we are very proud she has earned this city-wide David Weekley Homes award for the second year in a row,” said Firethorne Marketing Director Janet Burkett.

Firethorne is a 1,400-acre master-designed community in the west Read the rest of this entry »

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Fun at Katy’s Firethorne, Part Three

multi-level-firethorne-pool katy texas

How to choose a Katy neighborhood? The choices are almost overwhelming. There are older neighborhoods with lovely established landscaping. Should you purchase a resale house? A house that needs updating or a recently built resale?

Another wonderful choice is new construction. There are exciting new developments where you can choose a new home picking the exact amenities that fit your family’s wants and needs.

Let’s say you’ve decided on new construction. Now where? Again, the choices are many and varied. To keep your head from spinning, I’ve been featuring a series of articles that highlight new developments in the Katy area. This is Part Three of my Firethorne articles. (To see  earlier Firethorne articles, click Part One and Part Two.) As you might have gathered, I love Firethorne and believe strongly in its value. Read the rest of this entry »

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