Tag: Neighborhood-Sales-Data

Featured Posts
01/14/15 12:15pm

Houston Housing Market Reaches All-Time Highs — Before It Crashes, Dips A Little, Remains Steady, or Climbs Further

by
Home Prices, Houston Data, Price Trends
25 Comments

Chart Showing Median Home Price Appreciation, December 2014, from HAR

Is this Houston real estate’s Wile E. Coyote off-the-cliff-but-hasn’t-realized-he’s-gonna-fall-yet moment? Or is a new era dawning, in which out-of-state investors new to this whole “Houston is booming” thing swoop in to buy up everything and save the day? A fresh serving of home-sales data from real estate agents is available this morning . . . to support either notion. This past December was a record-breaking month for home sales, the Houston Association of Realtors claims in its latest report. Total property sales were up 11 percent over last December, and the current 2.5-months supply of inventory (a comforting term to those who regularly consider a home to be an off-the-shelf item) is scored as “the lowest level of all time.” Total dollar volume of housing sales for this past month was up a whopping 18.1 percent over December of last year. Both average and median sales prices for single-family homes reached “historic highs for a December in Houston.”

Separately, using her own calculations from MLS data, buyers’ agent Judy Thompson has updated her hand-carved regular roundup of appreciation rates and market conditions for the 21 well-known (and mostly Inner Loop) neighborhoods she’s been tracking on her West U Real Estate website for the past decade. (“In some areas I have had to make value judgments about which sales might have been lot value sales that were not listed that way,” she explains.) Of note: Of the tracked neighborhoods, little old Westbury led the increase in average sales price per sq. ft., rising 22 percent in the last year; the combined average for 2014 was an 11 percent uptick.

Chart: HAR

Take Your Pick
, , ,
Homebuying
04/16/07 8:22am

Good Morning, Houston! Here’s Your Donut

by
Housing Data, Houston Data, Price Trends
No Comments

Some highlights from the Chronicle‘s annual housing-price survey extravaganza, published Sunday:

  • Yeah, prices were up again last year, growing steadily since 1992 (a good year to start with if you’d rather forget Houston’s big busts). But price increases slowed down in the second half.
  • Anyone needing proof that Houston is still a donut need only glance at this map of sales activity inside and around the Loop and Beltway. We love that creamy filling as much as anyone, but there’s more dough to be made at the edges (eighty percent of sales are outside Beltway 8).
  • The front-page graphic, which at first glance appears to show steeper historical price growth for inside-the-loop homes (and a better rate for them this year), is a little misleading: Except for last year, average percentage price increases since 2001 have been highest outside the loop.

As usual, specifics on last year’s neighborhood price trends are hidden in the Chronicle‘s Homefront section.

, , , , ,