BBBB for the Week of Jan 31, 2021: 🏘️ Top 5 + Luxury Living 😎

Hello BBBB Friends:

Serious shopping took place this past week in the Heights with 11% of active single-family home listings going under contract including all four of my picks from last week. However, the story wasn't just about shiny new listings, half of the new contracts were for homes that have been on the market for an average of 175 days. With low inventory levels, it appears that some buyers are tired of waiting and are taking a hard look at properties that have been on the market longer. Unfortunately, new listings did not keep pace with sales causing a further decline in available inventory. To view price changes, new contracts, and final sales for homes that are Still on My List, be sure to keep scrolling down!

FUN 2020 STATS
A comparison of sales by price point tells an interesting story of the transformation of the Heights from quirky, charming and quaint, to the land of luxury. HAR defines luxury as homes priced at $750k or more. In 2020, 31% of single-family home sales fell in this category. Compare to 5 years ago when the percentage of luxury homes sold in the Heights was only 20%. Flashback 10 years and that number drops to only 5%.

Heights* Single Family Home Sales
Price Range	2019	2020	Change
$0-$499,999	318	280	-12%
$500,000-$749,999	358	382	7%
$750,000-$999,999	153	174	14%
$1,000,000+	113	125	11%
Total	942	961	2%

Source: HAR

Fun fact: the first million-dollar home sold in the Heights was the Cooley Mansion at the corner of Heights & 18th. Built-in 2001 it sold for $1.1 million. It wasn't until 5 years later that a second home sold for over a million, and it was the same house! Million-dollar homes in the Heights didn't become common until the boom years of $100 oil but even with the retraction of the housing market in 2016, the number of million-dollar homes in the Heights continued to grow.

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

728 W Melwood: $615,000

Norhill Historic District
Bungalow c. 1920
3/2, 1496 sq ft on 5616 sq ft lot
Updated kitchen, bath updates
Light and bright
Sunroom
Back yard with plenty of green space
Driveway access to 1 car porte-cochere
Curb street for additional parking
Zoned to Browning Elementary

Located just a short block away from Proctor Plaza Community Center and Park which offers lighted tennis courts, playground, and outdoor pavilion.

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1029 Rutland: $715,000

Houston Heights
Craftsman bungalow c. 2012
3/2, 1656 sq ft on 4396 ft lot
Open concept
Small turfed yard plus bricked patio area
Alley access to 2 car attached garage ❤️☂️
Parking pad in front for additional parking
Zoned to Love Elementary

Looks like a historic bungalow but is actually recent construction. Walkable location within blocks of Heights Mercantile and Heights Central Station.

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1108 Highland: $950,000

Woodland Heights
Bungalow c. 1920
4/3/1, 2350 sq ft on 5000 sq ft lot
Expanded/renovated in 2019
Primary plus 1 secondary bedroom up
Two secondary bedrooms down
Beautiful white-washed pine flooring
Driveway access to 1 car attached garage
Curbed street provides additional parking
Zoned to Travis Elementary

Formerly a Craftsman-style bungalow, the front elevation and roofline of this home were modified during the expansion/renovation project providing a larger front porch area. Note that the garage is actually accessed through the back yard.

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745 Rutland: $1,075,000

Houston Heights
Prairie-style meets the hill country c. 2012 by Allegro Builders
3/2/1, 2722 sq ft on 6000 sq ft lot
Wrap-around porch ❤️
Contemporary styling inside
Primary bedroom down
2 secondary bedrooms plus game room and study up
Vaulted 27' ceilings
POOL/spa and stone-tiled back yard
Nice front yard provides green space
Side-street driveway entrance to 2 car attached garage ❤️☂️
Zoned to Love Elementary

Stroll to the end of the block to hop on the hike and bike trail and travel west to MKT Heights or east to Donovan Park. Heights Merchantile is also just 3 blocks away.

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606 E 9th St: $1,100,000

Houston Heights
Greek Revival c. 1992 by Creole Construction
3/3/1, 2679 sq ft on 6250 sq ft lot
Double gallery porches
Renovated kitchen and primary bath
Small back yard
Garage APT (500 sq ft, efficiency with kitchenette and full bath)
Alley access to 2 car detached garage
Front street parking
Zoned to Harvard Elementary

The first floor and primary suite have been nicely updated. Architectural salvage used in the home includes the newel post and stair railings as well as stained glass windows.

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

PRICE REDUCTION

723 E 25th St: $499,999 was $515,000

Sunset Heights
Pediment bungalow c. 1928
2/2, 1184 sq ft on 3851 ft lot
Wraparound porch/deck
Kitchen and bath updates
Double pane windows
Large deck and patio for entertaining
Fenced and landscaped green space in front
Driveway access to 2 car detached garage
Zoned to Field Elementary

Lots of outdoor entertaining options from the raised deck to the bricked patio with built-in seating, cooking, and serving counters to the lush green space in front.

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