Houston Heights, Houston,TX Market Condition Report – March 2008
There are approximately 3500 single family homes which exist in Houston Heights with an average sales price per sq. ft. of $175 in 2007. Since 1994, this figure has increased every year. The values were $164/sq ft. in 2006, $156/sq ft.in 2005 and $150/ sq ft. in 2004. These figures were obtained from the Houston Association of Realtors Multiple Listing Service . . . as are the others cited in this article.
Currently, there are 141 single family homes for sale in the Houston Heights ranging from a 3 bed/1 bath, 1200 sq. ft. home in need of repairs on a 4323 sq. ft. lot listed for $135,000 to a new construction, 4 bed/3 bath, 4080 sq. ft. luxury home situated on a 13,200 sq. ft lot and priced at $1,490,000. The average list price per sq. ft. is $187.73. Many of the homes for sale are new construction luxury homes on small lots. However, there are a good selection of older homes. Home buyers have another 39 homes under contract as of 3/07/2008 but they haven’t closed to date.
In January 2008, there were 18 single family homes sold at prices ranging from $94,000 to $1,677,000 with an overall average sales price per sq. ft. value of $187.06.
In February 2008, 18 home sellers sold their single family homes at prices from a low of $130,000 on a that sold as a short sale, 4 bed/2.5 bath, 1740 sq. ft. home on a 6600 sq. ft. lot to a high sales price of $860,000 for a new construction, 3406 sq. ft., 4 bed/3.5 bath home on a 6600 sq. ft. lot. The overall average sales price per sq. ft. was $165.92.
ZIP Code: 77008
Approximate Location Boundaries: Downtown Houston, Memorial Park, Oak Forest
Location Characteristics: This historical neighborhood, with a mixture of bungalow, Victorian homes, and new construction (as well as some industrial and commercial property) was originally established as a planned community in the late 1890s. The location was partially chosen because it was 23 feet higher than downtown Houston, located 4 miles away. In 1918, Houston Heights residents voted for annexation by the city of Houston, Texas.
The single family home market in the Houston Heights consists of older Victorian era homes, older bungalows, and new construction. Many of the older homes have been remodeled and over 100 Houston Heights structures are registered in the National Register of Historical Places. The newer construction consists of everything from contemporary designs to Victorian style homes.
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
December 13th, 2011 at 4:00 pm
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