BBBB for the Week of Jan 24, 2021: 🏘️ Top 4 + Heights RE Update 📈
in Becky's Best Bungalow Bets, HeightsHello 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 | |||||||
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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 | -- |
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.
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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
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
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
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
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
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
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
OPTION PENDING
Price at time of contract: $335,000
Original List Price: $349,000
Days on Market: 41
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OPTION PENDING
Price at time of contract: $520,000
Original List Price: $530,000
Days on Market: 53
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OPTION PENDING
Price at time of contract: $615,000
Original List Price: $615,000
Days on Market: 3
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OPTION PENDING
Price at time of contract: $649,000
Original List Price: $649,000
Days on Market: 8
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OPTION PENDING
Price at time of contract: $725,000
Original List Price: $725,000
Days on Market: 86
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OPTION PENDING
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: