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.
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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|
|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|
|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|
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.
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.
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 Heights, the 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.