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You may be surprised by Judy Thompson’s pick for the most difficult neighborhood to buy a home in right now: The Energy Corridor. Still. Really.
She writes: “For years the Energy Corridor (77079) has seen the lowest inventory of homes for sale, and it continues — even after the price of oil fell off a cliff in 2014. I can tell you from experience that any good house that is priced right sells immediately. A couple I recently worked with came back from an overseas post and were willing to spend $800K. They never found anything and renewed their lease at the apartment complex where they had temporary lodging. We were all surprised that the market was still so short of inventory out there.”
You can see Judy’s analysis of sales and days on the market for 21 Zip Codes through March 15th on the Just Buyers Houston website.
Another thing this chart tells us, she notes, is that “MLS area 9 is absolutely on fire.” MLS area 9 means the Heights, Timbergrove, Garden Oaks, and Oak Forest. Her recent data show twice as many sales there than in the second most popular area — Area 16. Judy doesn’t have anything for sale in any of these areas — she’s a buyer’s agent only.
Judy continues: “A puzzling days on market ranking was the Med Center (77025), which historically has been very popular. I suspect that the high number of days on the market for that neighborhood is skewed by new construction, which typically goes into MLS when the builder breaks ground and stays in MLS for months. I doubt if the area has suddenly become less popular.”
If you dig this kind of analysis of local sales data, take a look at the other charts updated regularly on the Just Buyers Houston website. And if you think you’d like to work with a real estate agent who thinks gathering this kind of information is important (she’s been doing it for years), get in touch with Judy Thompson (you’ll find her contact info on the Just Buyers Houston website as well).
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