Braes Heights, Houston, TX Market Condition Report – March 2008
Sales in Braes Heights which is a subdivision in Houston, Texas, can be largely broken down as follows: 1) older homes with few if any updates which are mainly worth lot value, 2) older homes which have been completely remodeled, and 3) new or recent construction luxury homes.
Our marketing condition report uses information that has been gathered and reviewed on Houston Association of REALTORS Multiple Listing Service. Currently there are 20 single family residential homes on the market priced from $410,000 for a “lot value” home on a 9375 sq. ft. lot to an under construction 4 bed/3.5 bath, 4600 sq. ft. luxury home priced at $1,299,000. The average asking price per square foot is $220.74..
Although no homes closed in February 2008, there are 7 homes pending immediate sale. The lowest priced home pending is a completely remodeled 3 bed/ 2 bath,1632 sq. ft. home on a 7875 sq. ft. lot, priced at $429,900. The highest pending sale is a new construction luxury home 4 bed/ 4.5 bath, 5737 sq. ft. home on a 10,800 sq. ft. lot priced at $1,500,000.
ZIP Code: 77025
Approximate Location Boundaries: See Characteristics section
Location Characteristics: Braes Heights is a Houston, Texas subdivision of mostly single family homes located inside the 610 Loop, west of the Texas Medical Center and south of West University and Southside Place. It’s street boundaries are roughly Holcombe to the north, North Braeswood to the south, Stella Link to the west and Buffalo Speedway to the east. Braes Heights is one of the subdivisions of Braeswood Place which is composed of seven subdivisions: Ayshire, Braes Heights, Braes Oaks, Braes Manor, Braes Terrace,Emerald Forest, and Southern Oaks. The neighborhood was built in the 1950s and is now mainly composed of the older ranch style homes and new construction luxury homes. There has been much new construction in the last 10 years . . . mostly two story homes from 3200 to 5500 sq. ft.
Recent developments in this neighborhood are a library, YMCA, Sheltering Arms senior citizens facility headquarters, McGovern Park ball-fields for children, Helen’s Park and Beal Park. Braes Heights is zoned to Mark Twain Elementary (newly built), Pershing Middle School(newly built) and Lamar High School. Children in Braes Heights are placed in the West UniversityLittle League. Braes Heights is part of the Braeswood Place Homeowners Association.
Meg and Jim Zoller – The Zoller Group of Keller Williams Realty, The Metropolitan
Please view our website, http://www.finehomeshouston.com/ . Also, feel free to contact us at:
Toll Free: 800-808-6153
E-mail: Meg@FineHomesHouston.com or Jim@FineHomesHouston.com
Cells: Meg – 713-875-4844 Jim – 713-545-6338
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