Timbergrove / Lazybrook Market Update – August 2013

Norhill Realty September 23, 2013

Low inventories and high buyer demand continues to be the order of day in Timbergrove for August. The number of home sales were up 27% from August 2012, and homes continue to sell very quickly.  The median days on market for homes sold in August was 6 days!  All of this has contributed to another month of increase home prices. Year over year prices are up 23%.

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Timbergrove Market Report – August 2013

SALES ACTIVITY

Homes continue to move and they continue to move quickly. 19 homes sold in August of 2013.  That’s up 27% from August 2012. Of those homes sold in August, half were under contract in 6 days or less.

MLS# Closed Date Address Bedrooms Bathrooms # Garage Pool Bldg SqFt Lot SqFt Year Built List Price
13401474 8/9/2013 1711 WILLOWBY DR 3 1-0 2 N 1,266 7,150 1960 $239,000
76816244 8/22/2013 1154 HEMPSTEAD VILLA LN 3 2-1 2 N 1,746 1,762 2007 $262,000
24080620 8/22/2013 3614 HEMPSTEAD VILLA DR 3 2-1 2 N 1,880 1,800 2007 $272,500
93137482 8/8/2013 927 SHIRKMERE RD 2 2-0 2 N 1,305 8,442 1960 $325,000
30640524 8/9/2013 1847 MILL CREEK DR 3 2-0 2 N 1,336 7,215 1960 $339,900
58275763 8/8/2013 1834 SALFORD DR 3 2-0 2 N 1,417 7,210 1963 $354,000
73101492 8/9/2013 2426 BROOKTREE DR 3 2-0 3 N 2,198 9,317 1968 $368,622
34106244 8/9/2013 6135 HURST ST 3 2-0 2 N 1,570 8,125 1952 $378,000
59002387 8/7/2013 1019 WALTWAY DR 2 2-0 2 N 1,354 7,800 1955 $379,000
61900444 8/2/2013 1135 WORTHSHIRE ST 3 1-0 2 N 1,582 9,610 1950 $389,900
64065071 8/29/2013 1814 HAVERHILL DR 2 2-0 2 Y 1,671 8,165 1959 $399,000
52441429 8/12/2013 2211 TANNEHILL DR 3 2-0 2 N 1,792 7,590 1963 $400,000
4011564 8/30/2013 2010 BROOKTREE DR 4 2-1 1 N 2,103 9,440 1965 $405,000
96925439 8/22/2013 2310 Brookmere Dr 3 2-0 3 N 2,018 8,400 1970 $524,900
93173634 8/19/2013 6534 LINDYANN LN 3 2-0 2 N 2,268 8,775 1958 $550,000
54172884 8/1/2013 1806 HAVERHILL DR 4 3-0 2 N 2,609 7,150 2013 $575,999
54172884 8/1/2013 1806 HAVERHILL DR 4 3-0 2 N 2,609 7,150 2013 $575,999
64280409 8/9/2013 6715 GROVEWOOD LN 3 2-0 2 N 2,231 8,645 1961 $576,239
26414681 8/2/2013 6103 HURST ST 4 4-2 3 Y 5,239 11,726 2008 $1,174,999
31333023 8/26/2013 3245 MAXROY ST 3 3-1 2 N 1,900 1,428 2009 $305,000

ACTIVE LISTINGS

Again, like July, there were 16 homes available on the market in August. This is 2 units off the number from August 2012.  Inventory remains very tight.  Of the 8 homes that entered the market in August, only 5 are still available.  The rest are under contract.Timbergrove-Graph-August-20131

HOME PRICES

Timbergrove / Lazybrook home prices rose for the 12th consecutive month. The average home price for the 12 month period ending in August 2013 was $364,034.  That’s up 23% from the same period ending in August 2012!  Home sellers and Timbergrove residents got to love those apples.6215-Wynnwood

Located just west of Houston Heights, Timbergrove and Lazybrook are two of the hottest neighborhoods for young families in Houston’s Inner Loop.  Downtown Houston and the Uptown/Galleria area are a short drive away.  Furthermore, Timbergrove and Lazybrook are conveniently located close to restaurants and bars in Houston Heightsthe Uptown/Galleria area, and the Washington/Rice Military Corridor.  For prospective buyers that are seeking close proximity to Houston’s great parks, Timbergrove and Lazybrook is home to 11th street Park, Jaycee Park, and the White Oak bayou bike trail.  Memorial Park and its great jogging trail is also nearby.  Timbergrove and Lazybrook is also home to a couple of our agents.

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