BBBB for the Week of Jan 24, 2021: 🏘️ Top 4 + Heights RE Update 📈

in Becky's Best Bungalow Bets, Heights

Hello BBBB Friends:

Historically January is a slow month for listings and sales and this year is no exception. I have selected four of the best new listings this week to feature. Be sure to keep scrolling down to view price changes, new contracts, and final sales for homes that are Still on My List.  

HEIGHTS MARKET UPDATE
Inventory in the Houston Heights continued to shrink in December to the lowest level since April of 2014. The combined effects of the pandemic and low inventory contributed to an anemic 2% year over year increase in the number of homes sold. The 4th quarter buying spree saved us from finishing the year 12% behind 2019 sales. 

KEY MARKET INDICATORS
CATEGORIES Dec 2019 Dec 2020 CHANGE   2019 2020 CHANGE
ACTIVE LISTINGS 258 259 .4%   na na --
SALES 86 111 29.1%   942 961 2.0%
AVG SALES PRICE $634,578 $746,064 17.6%   $656,521 $680,920 3.7%
MEDIAN SALES PRICE $528,750 $649,000 22.7%   $579,594 $600,000 3.5%
AVG DAYS ON MARKET 99 92 -7.1%   90 72 -20.0%
MEDIAN DAYS ON MARKET 72 44 -38.9%   36 31 -13.9%
CLOSE PRICE TO LIST PRICE RATIO 97.5% 98.2% .7%   98.3% 98.3% 0.0%
MONTHS INVENTORY 3 2.3 -23.3%   na na --
 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. (na= statistic not available). 

Stay tuned for more market stats for 2020.

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

520 Oxford Unit G: $600,000

  • Houston Heights
  • Patio home 2000 build by Prestwick Builders
  • 3/2/1, 2226 sq ft on 4420 sq ft lot
  • Freshly painted interior
  • Back porch off kitchen perfect for outdoor grill
  • Small landscaped green space
  • Driveway access to 2 car attached garage
  • Paved parking for complex guests
  • Zoned to Harvard Elementary
Pedestrian-gated 7-unit complex. As an end unit, this home enjoys a bit of extra green space. The complex enjoys close proximity to the Hike and Bike Trail as well as restaurants along White Oak.
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819 W Melwood: $615,000

  • Norhill Historic District
  • Craftsman bungalow c. 1930
  • 2/2, 1340 sq ft on 5512 ft lot
  • Updated kitchen and baths
  • Flex room
  • Small back yard with green space
  • Driveway access with auto-gate to 1 car detached garage
  • Curbed street for additional parking
  • Zoned to Browning Elementary
The current owners added 147 sq ft to provide an office/flex space. Walk around the block to access Proctor Plaza Park and Community Center.
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2515 Princeton: $685,000

  • Sunset Heights
  • Traditional style 2014 build by P&G Homes 
  • 3/3, 2933 sq ft on 3000 sq ft lot
  • 4th bedroom/office down
  • Large primary suite
  • 3rd-floor loft/game room
  • Small green space behind
  • Alley access with auto-gate to 2 car attached garage
  • Curbed street provides additional parking
  • Zoned to Field Elementary
The standout feature is the primary suite with a balcony and spa-bath with party shower. 

5402 Sheldon: $929,900

  • Sheldon 
  • Craftsman bungalow c 1925
  • 3/3, 2466 sq ft on 7500 sq ft lot 
  • Attractive Craftsman with double clipped gables
  • Expansion/Renovation 2009
  • Master down, 2 secondary bedrooms up
  • Study/4th bedroom down with access to full bath
  • 2 living areas
  • Very nice yard with green space and playground
  • Auto gate to 2 car detached garage
  • Zoned to Field Elementary
This is my cutie patootie pick of the week. I love the double clipped (Jerkinhead) gables. Sheldon is a little known street tucked between 18th and 19th St and dead-ending into Field Elementary. Walk to restaurants on 20th including Chilosos and Jenni's Noodle House.

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Moving on...PRICE REDUCTIONS & STATUS UPDATES THIS WEEK

PRICE REDUCED

109 Tabor: $975,000 was $1,000,000

  • Brooke Smith
  • Modern Craftsman built in 2014 by T&W Builders
  • 4/2/1, 2714 sq ft on a 5000 sq ft lot
  • Lots of woodwork including wainscoting and built-ins
  • Chef's kitchen with professional-grade range
  • Small back yard with large tree
  • Gated driveway access to porte cochere and 2 car detached garage
  • Zoned to Travis Elementary
This home is located in that small area of Brooke Smith that is south of Main Street and zoned to Travis Elementary. 
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PRICE REDUCED

627 Merrill: $1,599,000 was $1,625,000

  • 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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PRICE REDUCED

611 Ridge: $1,619,900 was $1,675,000

  • Woodland Heights
  • Contemporary/Modern built 2014 by Mazzarino
  • 4/3/1, 4422 sq ft on 5000 sq ft lot
  • Wall of windows looking out to backyard and pool
  • Large game room on 2nd floor
  • 3rd-floor terrace with downtown views
  • Lanai with outdoor kitchen
  • Saltwater POOL/spa plus green space
  • Driveway access to 2 car attached garage
  • Curbed street provides additional parking
  • Zoned to Travis Elementary
Stunning home with soaring ceilings and high-end finishes throughout. Even the garage has 14' ceilings!
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OPTION PENDING

311 E 8th St

Price at time of contract:  $335,000

Original List Price:  $349,000

Days on Market: 41

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OPTION PENDING

212 E 24th St

Price at time of contract:  $520,000

Original List Price:  $530,000

Days on Market:  53

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OPTION PENDING

632 W 21st St

Price at time of contract:  $615,000

Original List Price:  $615,000

Days on Market:  3

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OPTION PENDING

445 W 21st St

Price at time of contract:  $649,000

Original List Price:  $649,000

Days on Market:  8

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OPTION PENDING

508 E 27th St

Price at time of contract:  $725,000

Original List Price:  $725,000

Days on Market: 86

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OPTION PENDING

704 E 24th St

Price at time of contract:  $1,210,000

Original List Price:  $1,275,000

Days on Market:  597

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GOING, GOING, GONE

NO SALES TO REPORT



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!

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