Timbergrove / Lazybrook Market Update – May 2013

Norhill Realty June 12, 2013

Home buyers can’t get enough of Timbergrove and the proof is in the prices.  Despite tight inventories, prices had remained relatively steady with only moderate growth in late 2012 and Q1 2013.  With so few homes available and so much demand, it was inevitable that prices would really start to boom.  And they did.  May saw a large number of homes fly off the shelves quickly and for record prices. Check out the details below.

If you are interested in receiving these Timbergrove market updates on a regular basis, register for our free newsletter and video updates. Click here to sign up. We promise not to send you useless junk. We hate spam too. If you would like to know how much your Timbergrove home is worth. Click here to request a free home valuation.

SALES ACTIVITY
22 homes sold in Timbergrove in the month of May.  Although down from April 2013, total sales are up 22% from the same period in 2012.  Of the homes that sold in May, half of all homes were under contract in less than 30 days.

MLS# Closed Date Address Bed Rooms Bath rooms # Garage Pool Lot SqFt Bldg SqFt Year List Price
80198629 5/31/2013 1831 WILLOWMOSS CT 3 1/1 2 N 7,215 1,157 1959 $215,000
91819596 5/31/2013 1802 NAUTS CT 3 2/0 1 N 8,580 1,218 1958 $260,000
34681496 5/16/2013 2614 HAVERHILL DR 2 2/0 0 N 7,040 1,323 1960 $265,000
18689944 5/17/2013 3615 HEMPSTEAD VILLA DR 3 2/1 2 N 2,754 1,892 2007 $275,000
29424826 5/3/2013 6511 AZALEA PARK 3 2/1 2 N 2,320 2,412 2006 $310,000
47176284 5/13/2013 1107 Grovewood Ln 2 1/0 1 N 7,200 1,262 1951 $310,000
7366364 5/24/2013 6215 WYNNWOOD LN 3 2/0 2 N 8,190 1,489 1955 $319,500
11036284 5/31/2013 6542 LINDYANN LN 3 2/0 2 N 8,775 1,953 1955 $325,000
42524724 5/23/2013 6206 ABINGTON WA 3 2/0 1 N 9,100 1,680 1953 $329,999
43538524 5/31/2013 3289 Maxroy 3 3/1 2 N 0 1,982 2013 $330,000
43338158 5/17/2013 2206 WILLOWBY DR 3 2/0 2 N 7,590 1,808 1969 $345,000
80621804 5/13/2013 6210 ABINGTON WA 3 2/0 1 N 9,100 1,944 1946 $370,000
46362549 5/20/2013 6746 CINDY LN 4 3/0 2 N 8,710 3,016 1960 $389,000
46300044 5/1/2013 2607 W T C JESTER BL 3 2/0 3 N 10,960 2,314 1969 $389,900
15903474 5/17/2013 3526 WINDMILL ELM ST 4 2/1 2 N 4,856 3,736 2007 $398,000
73983045 5/28/2013 3527 URBAN WOODS TR 5 3/1 2 N 4,000 4,060 2008 $399,000
95337334 5/30/2013 1811 WATERCREST DR 4 3/0 2 N 7,215 2,184 1955 $499,999
52948354 5/2/2013 1818 Willowmoss 4 2/1 2 N 7,200 2,400 $509,900
19285405 5/31/2013 6534 CINDY LN 3 2/0 2 N 8,450 2,113 1957 $535,000
48628218 5/14/2013 2003 WILLOWMOSS COURT 3 2/1 3 N 9,000 3,273 1973 $549,000
80527827 5/21/2013 6107 QUEENSWOOD LN 4 3/0 1 Y 19,485 2,858 1953 $560,000
38464992 5/17/2013 923 SHIRKMERE RD 4 3/2 2 Y 8,442 3,618 2012 $849,000
ACTIVE LISTINGS

Finding a home in Timbergrove continues to be a daunting task.  There are only 6!! homes in all of Timbergrove / Lazybrook that are currently active on the market.  Only 3 of those listings are new in May.  In total, 25 listings came on the market in May, but only 3 are still active on the market.  The others are either sold or under contract.  It really is a great time to be a Timbergrove seller and home owner.  Timbergrove-Graph2

HOME PRICES

The law of supply and demand has a funny way of actually working.  The average home price during the 12 month period ending in May 2013 was $337,653.  That’s up 9% from the same period ending in May of 2012.  If your a regular follower of these market updates, we had predicted for quite some time that prices would eventually move up if tight inventories continued.  Well we are here.  Book it.  Supply and demand is a thing.Timbergrove-home

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.

TOP REAL ESTATE AGENTS IN TIMBERGROVE

Join The Conversation