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

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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