BBBB for the Week of Dec 13, 2020: 🏘️ Top 4 + Heights RE Update 📈

in Becky's Best Bungalow Bets, Heights

Hello BBBB Friends:

Heavy weather will make house hunting today a challenge but there are plenty of open houses scheduled so grab an umbrella and head on out! Listing activity remained low this week but I have 4 new listings to feature for you today. To view price changes, new contracts, and final sales for homes that are Still on My List,  keep scrolling down!

CONTINUED BOUNTY IN HEIGHTS HOME SALES!
In spite of low inventory and a global pandemic, homes in the Heights and across Houston continued to sell at a record pace in November. In November, however, it was the $500-600k category generating the most sales. According to HAR Chairman John Nugent, "In my 50 years in the real estate business, I have never seen a market defy supply and seasonality the way Houston has-amid a pandemic, no less."  He's right, it's pretty amazing. Based on the number of properties under contract and scheduled to close we will surpass 2019 total sales in the Heights. 

KEY MARKET INDICATORS
CATEGORIES Nov-19 Nov-20 CHANGE
ACTIVE LISTINGS 308 310 .06%
SALES 56 87 55.4%
AVG SALES PRICE $627,676 $670,839 6.9%
MEDIAN SALES PRICE $537,754 $560,000 4.1%
AVG DAYS ON MARKET 91 56 -38.5%
MEDIAN DAYS ON MARKET 45 23 -48.9%
CLOSE PRICE TO LIST PRICE RATIO 98 98.8 .9%
MONTHS INVENTORY 5.5 3.5 -36.4%
Note: Median represents the "middle" number and gives a better representation of central tendency than average. For example, the median sales price is the figure at which half of the homes sold for more and half sold for less.
Stay safe out there!

Let’s go look at houses or talk about selling yours!!!
Becky

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Information About Brokerage Services
TREC Consumer Protection Notice

Becky Davis
Compass Realty
832-628-8221

Thinking of selling? We can front the cost for painting, landscaping, upgrades, and more. No fees or interest, EVER! Click here for more information.
 
*Note: For purposes of BBBB, the "Heights" is defined as the area between I-10 and Loop 610 N and between Shepherd and I-45). 

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THIS WEEK'S FEATURED PROPERTIES

311 E 8th St: $349,000

  • Heights South Historic District
  • Bungalow c.1920
  • 1/1, 598 sq ft on 1518 sq ft lot
  • Renovated 2019
  • Small patio and green space
  • Gated driveway
  • Front street parking
  • Zoned to Harvard Elementary
At 598 sq ft, this doesn't quite meet the definition of a "tiny home," but it's pretty close. This property sold 2 years ago as a fixer-upper and has been completely updated. Fun fact: at list price, the estimated mortgage payment, including property tax, is equal to what many 1 bedroom garage apartments in the Heights lease for.
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908 Cordell: $610,000

  • Brooke Smith
  • Modified Greek Revival c. 2014 by Bungalow Builders
  • 3/2/1, 2400 sq ft on 3100 ft lot
  • Double gallery front porches
  • 10' ceilings
  • Flex space down for sitting room, game area or office
  • More than a pet patch for green space but smaller than a yard
  • Alley access to 2 car attached garage ❤️☂️
  • Zoned to Browning Elementary
One of a series of three homes built by Bungalow Builders in 2014 located just a few blocks away from Montie Beach Park. (Personally, I'd ask for the dining table-such an interesting look!)
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517 Harvard: $1,275,000

  • Heights South Historic District
  • Modern Farmhouse c. 1907 
  • 3/3/1, 2858 sq ft on 6075 sq ft lot
  • Renovation/expansion 2019
  • All bedrooms up plus game room (or 4th bedroom)
  • Party-sized covered back porch
  • Nice yard space
  • Garage APT (Efficiency, 528 sq ft., full kitchen & bath)
  • Alley access to 2 car detached garage
  • Covered walkway from garage to house ☂️
  • Curbed street provides additional parking
  • Zoned to Harvard Elementary
The seller's literally raised the roof to create this virtually new home. The garage and finished garage apartment are also new.  Note: this is a non-contributing structure in the historic district.

743 Rutland: $1,390,000

  • Houston Heights
  • French Colonial c. 2013 by GTB Homes
  • 4/4, 3490 sq ft on 5861 sq ft lot
  • Double gallery front porches
  • Open concept downstairs with 2 living areas
  • 4th bedroom or office down with access to a full bath
  • Covered back porch and small yard
  • Driveway access with auto-gate to 2 car detached garage
  • Bricked parking spaces in front
  • Zoned to Love Elementary
Pretty tree-lined block located within walking/bike riding distance to M-K-T, Heights Merchantile, and the Hike and Bike Trail. 
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Moving on...PRICE REDUCTIONS & STATUS UPDATES THIS WEEK


PRICE REDUCED

818 Allston $850,000 was $879,500

  • Houston Heights (not in a historic district)
  • Queen Anne bungalow circa 1920
  • 2/2, 1390 sq ft on 6600 sq ft lot
  • Older kitchen and bath updates (stained wood)
  • Garage APTS (yes 2 of them)
  • POOL with water features and spa
  • Only green-space is fenced in front
  • Auto-gate to 2 car detached garage
  • Zoned to Harvard
What's better than 1 income producing garage apartment? Two, and this one has a huge 2 bedroom garage apartment plus a weensy little efficiency (perfect if you only own 3 outfits 😉).
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PRICE REDUCED

627 Merrill: $1,625,000 was $1,649,000

  • Woodland Heights
  • Modern farmhouse new construction by Aspire
  • 4/3/1, 4114 sq ft on 6250 sq ft lot
  • Wide-plank hardwood flooring
  • Chef's kitchen with Thermador appliances and huge pantry
  • Double sliding glass doors open the living area to the outdoors
  • Covered porch and small yard 
  • Driveway access to 2 car detached garage + porte cochere
  • Cured street provides additional parking
  • Zoned to Travis Elementary
I love the tile work in this home especially the gingham pattern in the laundry room. There is a rendering of the back yard with a 23'  long pool and a bit of green space left over! 
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OPTION PENDING

208 Moss

Price at time of contract:  $595,000

Original List Price:  $595,000

Days on Market: 38

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OPTION PENDING

733 E 16th St

Price at time of contract:  $689,000

Original List Price:  $699,999

Days on Market:  25

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OPTION PENDING

725 E 18th St

Price at time of contract:  $895,000

Original List Price:  $895,000

Days on Market:  9

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OPTION PENDING

1126 E 7th 1/2 St

Price at time of contract:  $895,000

Original List Price:  $895,000

Days on Market:  42

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GOING, GOING, GONE


SOLD

827 Sledge

Sales price:  $759,001

Price at time of contract:  $759,000

Original List Price:  $759,000

Days on Market:  16

Seller's Contribution:  $6,000

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SOLD

518 Woodland

Sales price:  $778,000

Price at time of contract:  $799,000

Original List Price:  $819,900

Days on Market:  22    

Seller's Contribution:  $5,000

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SOLD

1123 Woodland

Sales price:  $1,200,000

Price at time of contract:  $1,175,000

Original List Price:  $1,175,000

Days on Market:  4

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SOLD

1224 Nicholson

Sales price:  $1,510,000

Price at time of contract:  $1,490,000

Original List Price:  $1,490,000

Days on Market:  3

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BUT WAIT, THERE'S MORE...

This is just the latest and greatest; however, there are still lots more on my list that you can check out here:

BBBB: Still on my list!

Finally, if you don't already receive my weekly digest for BBBB, you can subscribe by clicking here.

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