Rice Military Market Update – January 2014

Norhill Realty February 19, 2014

The market in the Rice Military has slowed a little bit in the month of January. Prices from month to month are down slightly and homes are taking a little longer to sell than they were taking in the fall. That’s  not unexpected this time of year. Things tend to slow down in the winter months.  Despite this mild slow down, prices rose year over year by 14%. Time will only tell whether this slow down is a seasonal trend or a longer-term trend. See below some additional details regarding the state of the market.

Homes Sold

There were 54 total sales in the month of January in Rice Military. That’s down 7% from January 2013, when there were 58 total sales.  Despite that small drop-off, home sales have continued to sell fairly quickly.  Half of all homes that sold in January were under contract in 24 days or less. In comparison, half of all homes sold in 33 days or less.

MLS# Address Building SF List Price Beds Full Bath Half Bath Garage # Lot Size Year Built
4186580 5322 CALLE CADIZ 3035 855,000 3 3 1 2 1828
73304716 5432 Petty 2101 399,990 3 2 1 2 2013
19697113 1420 HOLLY 2207 335,000 3 3 1 2 2000 2013
66868158 1416 HOLLY 2174 325,000 3 2 1 2 1500 2012
70212094 1620 Ovid Street 2000 388,000 3 3 1 2 2013
65769847 2110 Colorado Street 2087 389,000 3 3 1 2 2013
1936391 4408 A Eli Street 2136 349,900 3 3 1 2 2013
59043343 4408 B Eli Street 2136 359,900 3 3 1 2 2013
47822127 4408 C Eli Street 2136 364,900 3 3 1 2 2013
23863506 1615 Spring 2224 425,000 3 3 1 2 2013
10674748 1619 Spring 2224 439,000 3 3 1 2 2013
37972261 4412 Eli Street 2353 424,900 3 3 1 2 2013
48897979 4414 Eli Street 2353 459,900 3 3 1 2 2013
70839441 2028 Sabine 2070 379,000 3 3 0 2 1519 2013
9989381 248 WESTCOTT 2339 320,000 3 2 1 2 1575 1999
25489914 1606 Parker 2049 369,900 3 3 1 2 2013
46428300 4318 A O’Reilly 3100 629,900 4 3 1 2 2500 2013
71192648 6113 TYNE ST 1744 300,000 4 1 0 1 5600 1927
61844104 1729 EDWARDS ST 2374 390,000 3 3 0 2 1487 2007
67840477 5415 CROOMS ST 2469 449,900 3 2 1 0 5000 2005
16651846 818 REINICKE ST 2421 420,000 3 3 1 2 1310 1999
88324494 5342 DARLING ST 2040 300,000 3 3 1 2 1666 2003
12026542 321 Sandman 2368 429,000 3 3 1 2 2069 2000
42040482 1415 Colorado 2750 394,000 3 3 1 2 2013
45465561 1810 STATE ST 1060 225,000 3 1 0 1 5000 1910
61201449 958 Patterson St 2499 389,000 3 3 0 2 1557 2006
73048434 4916 MAXIE 2578 359,900 3 2 1 2 2500 1999
38884516 1315 BIRDSALL ST 2218 359,000 3 3 1 2 2388 2006
25153747 2728 SHERWIN ST 1519 279,900 3 2 0 2 1621 2006
26688646 5925 Katy 2030 359,000 3 2 1 2 2500 2013
52180218 6005 Hamman 3459 454,900 3 3 1 2 2642 2008
7140429 519 Gate Stone 2970 549,000 3 3 1 2 2124 2004
98650800 4109 Eigel 2154 404,900 3 3 1 2 2013
41205928 1611 DETERING ST 2250 315,000 4 2 1 2 1975 2005
94767893 5612 LARKIN ST 962 199,900 2 1 0 1 5350 1955
69202774 5443 KANSAS ST 2336 339,000 3 3 1 2 1894 2006
88784759 5806 B Kansas 1846 284,900 3 2 1 2 2008
92736144 2110 SHEARN ST 1332 270,000 2 2 1 2 0 2008
37309608 5522 DARLING ST 2582 349,900 3 3 1 2 2281 2007
71854084 4710 DICKSON ST 2394 389,000 3 2 1 2 1950 2000
19716174 2209 SANDMAN ST 2440 339,900 3 3 1 2 1692 2008
70577943 5407 KANSAS ST 1986 309,900 3 3 1 2 1485 2004
77900106 4207 A Koehler 2233 309,900 3 2 1 2 2013
75118408 3842 CENTER PLAZA DR 1138 265,000 2 2 0 2 1744 2005
42274176 511 BIRDSALL ST 2352 515,000 3 3 1 2 2500 2007
42656590 4111 Eigel 2154 369,900 3 3 1 2 2013
60195934 6526 PICKENS ST 2887 769,000 3 3 1 2 2625 2011
72241343 4400 EIGEL ST 1820 295,000 2 2 0 1 1710 2004
17885496 5537 DARLING ST 2152 329,900 3 3 1 2 1411 2005
39663370 5222 WASHINGTON 1626 325,000 3 2 0 2 1720 2004
41667440 5736 KANSAS ST 2664 329,000 3 3 1 2 1975 2007
96194769 5417 Kiam Street 2609 334,900 3 2 1 2 2687 2005
26834118 627 Fowler St 2476 589,900 3 3 0 2 2013
80051102 4640 Cornish 2085 354,900 3 2 1 2 2013

Active Listings

There are currently 192 homes active on the market. That’s down 13% from January of 2013,  There were 49 new listings that came available in January.  Of those, all of those new listings are still available for sale.Washington-Corridor-Ave-Graph-Jan-2014

 

Home Prices

For the 12 month period ending in January 2014, prices rose to $423,307 for Washington Corridor. That’s up 14% from the same period ending in January 2013, which was $371,963.BRC.DSC_9280

The Washington Corridor is the place to live and play in the city of Houston. Some of the trendiest bars, bistros, and gastro-pubs make the Washington Corridor and Rice Military area their home. The residents of this area love the close proximity to Memorial Park, Downtown, and the Galleria. This hip Houston neighborhood has seen a lot of residential and retail development over the past 10 years and this trend continues.

BEST REALTORS IN RICE MILITARY

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