Montrose-Neartown Market Update – February 2011

Norhill Realty March 9, 2011

Below you will find the most recent data on home sales and prices for the Montrose/Neartown section of Houston, Texas.  If you are interested in receiving monthly Houston and Montrose/Neartown real estate news updates, then sign up for our RSS feed to receive instant updates. For more information about Montrose/Neartown or to view past market updates, click here.  Or email us at [email protected].

Homes Sold

36 homes sold in Montrose/Neartown in the month of February, 14 detached homes and 22 townhomes/condos.  This is up from last February, which also saw 31 total sales.

Active Listings

There are 382 properties currently on the market, 145 detached homes and 237 townhomes/condos.  In February, 89 of the 382 listings are new listings and 89 of the sellers have reduced their price.

Home Prices

Montrose/Neartown home prices continue to perform very well.  Median home prices for February were up 10% from the same period last year to $341,500.  Both detached homes and townhomes/condominium both did very well.  Median sales prices for detached properties rose 16% to $441,200 and townhomes/condominiums rose 9% to $300,000.Montrose-House-optimized-for-blog1

Montrose/Neartown is one of Houston’s most urban neighborhoods.   According to Walkscore.com, this is a walker’s paradise. Some of the great bars and restaurants in Houston are foot steps away from the hip bungalows, townhomes, and mid-rise condominium towers that dot the area.  The area is also home to some great cultural institutions, such as Anderson Fair, the Menil Collection, the Rothco Chapel, and Saint Thomas University. If you would like more information about Montrose/Neartown, give us a call at 713-869-5700 or email us at [email protected].

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