Knollwood Village of Houston Market Condition Report – May 2008

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Market Conditions for Knollwood Village in Houston, Texas

Reported by Meg & Jim Zoller and Susi McCauley of The Zoller Group, REALTORS

May 2008

 

Knollwood Village – Old vs. New Construction

Knollwood Village consists of older and new construction homes. The older homes, many of which have been remodeled, range from around 1300-2000 sq. ft., were built on slabs, and most have hardwood floors. The older homes in poor condition are often sold to builders who are usually building two story, 3500-5000 sq. ft. brick, stucco and stone exterior structures. The price range for older homes is generally $250,000-$400,000 and $600,000-$850,000 for new construction.

Solds and Pending Contracts – Knollwood Village in Houston, TX

As of 5/21/2008, there are 9 single family homes for sale in Knollwood Village ranging from a home on a 7770 sq. ft. lot being sold for lot value to a new construction, 4395 sq. ft.,4 bed/ 4 bath home on a 9330 sq. ft. lot priced at $848,589. The average list price per average square foot of living space is $181.43. Four additional homes are under contract and pending sale.

Knollwood Village Sold Properties in March & April 2008

In March 2008, 2 homes sold for $325,000 and $345,000.The average sales price per sq. ft. for both homes was $208.46/ sq. ft.

In April 2008, 1 new construction home sold for $749,900. It was a 4 bed/ 3.5 bath, 4024 sq. ft. home on a 7800 sq. ft. lot. The average sales price per sq. ft. was 186.36.

ZIP Code: 77025

Approximate Location Boundaries of Knollwood Village

Inside 610 Loop, south of S Braeswood , Buffalo Speedway area


Knollwood Village Location Characteristics in central Houston Area

Knollwood Village is a Houston inner loop, deed restricted, residential subdivision consisting of around 600 single family homes. It is close to the Texas Medical Center, downtown Houston, the Musuem District, Reliant Stadium and the Galleria. Originally developed in the 1950s, the last few years have seen new construction in the neighborhood. The subdivision is zoned to Longfellow Elementary, Pershing Middle School, and Bellaire High School although one should always check with HISD for boundary changes. Other subdivions in the immediate area are Braes Terrace, Westridge, Linkwood and Woodside.

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Houston Heights Market Condition Report – May 2008

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Market Conditions for Houston Heights in Houston, Texas

Reported by Meg & Jim Zoller and Susi McCauley of The Zoller Group of Keller Williams Realty, REALTORS

May 2008

 

Houston Heights Single Family Home Sales

There are approximately 3500 single family homes in the 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.

There are currently 143 single family homes for sale in the Houston Heights ranging from a 3 bed/ 1 bath, 2034 sq. ft. home in need of repairs on a 6550 sq. ft. lot listed for $129,900 to a new construction, 4 bed/ 3 bath, 4080 sq. ft. home on a 6600 sq. ft lot and priced at $1,490,000. The average list price per sq. ft. is $193.01. Many of the homes for sale are new construction ones on small lots but there are a good selection of older homes.  Another 55 homes are under contract as of 5/21/2008 but haven’t closed yet.

Homes Sold in Houston Heights March 2008

In March 2008 there were 18 single family homes sold at prices ranging from $125,000 to $693,000 with an overall average sales price per sq. ft. value of $175.98.

Houston Heights Sales April 2008

In April 2008, 22 single family homes sold at prices from a low of $157,000 for a 3 bed/ 2 bath,1424 sq. ft. home in need of repairs on a 6550 sq. ft. lot to a high of $720,000 for a recent construction, 3334 sq. ft., 4 bed/ 3 bath Victorian style home on a 6600 sq. ft. lot. The overall average sales price per sq. ft. was $163.21.

ZIP Code: 77008

Approximate Houston Heights Location Boundaries

Downtown Houston, Memorial Park, Oak Forest

Houston Heights 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.

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 looking homes.

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Afton Oaks, Houston, TX Market Condition Report – May 2008

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Market Conditions for Afton Oaks in Houston, Texas

Reported by Meg & Jim Zoller and Susi McCauley of The Zoller Group of Keller Williams Realty, REALTORS

May 2008

 

Homes For Sale in Afton Oaks, Houston, TX

Currently there are 25 active available homes for sale in the Afton Oaks subdivision with list prices ranging from $349,900 for a 3 bedroom, 2 bath, 2114 sq. ft. home built in 1950 to $2,799,000 for a 4 bedroom, 4/2 bath, 7201 sq.ft. home built in 2008. There are 7 properties in various stages of pending. The wide range in price reflects the new construction; however there are still older homes available, some of which have been remodeled and updated.

 

Single Family Homes Sold in Afton Oaks April 2008


For the month of April 2008 there were 5 homes sold in Afton Oaks with prices ranging from $395,000 to $2,150,000 averaging $287.00 per square foot.

 

Older Homes Sold in Afton Oaks March 2008


For the month of March 2008 there were 2 homes sold in Afton Oaks with prices ranging from $450,000 to $625,000 or $196.53 per square foot. Both of these homes were older homes, built in 1960 and 1955 respectively.

These figures are based on data collected from the Houston Association of Realtors.

ZIP Code: 77027

Afton Oaks Location Boudaries

Bounded approximately on the north by Westheimer Rd., on the east by Union Pacific railroad tracks, on the south by U.S. 59, and on the west by IH-610.

 

Location Characteristics of Afton Oaks

 Afton Oaks is an approximately 50 year old deed-restricted residential community of over 500 single family homes. The neighborhood is bounded on the north by Westheimer Rd., on the east by Union Pacific railroad tracks, on the south by U.S. 59, and on the west by IH-610.
Afton Oaks contains many homes built in the 1950s along with many recently-built homes listed for well over $1,000,000.

Afton Oaks Schools are in Houston Independent School District(HISD)

 
Afton Oaks is zoned to Houston Independent School District. Prior to spring 2006, Afton Oaks was zoned to Will Rogers Elementary School. Will Rogers was closed after spring 2006 and Afton Oaks was re-zoned to St. George Place Elementary School. Afton Oaks pupils are also zoned to Lanier Middle School in Montrose and Lamar High School in Upper Kirby.

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West University Market Conditions Report – May 2008

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Market Conditions for West University in Houston, Texas

Reported by Meg & Jim Zoller and Susi McCauley of The Zoller Group of Keller Williams Realty, REALTORS

May 2008.

 

West University Place Single Family Homes

According to information provided by The Houston Association of Realtors, there are currently 130 single family homes available for sale in West University Place with asking prices ranging from $272,500 to $3,650,000. While the majority of these homes are of newer construction with a minimum of 4 bedrooms and 3000 sq. ft., there are also smaller homes available with 2 bedrooms that were originally constructed in the 1920’s, 30’s and 40’s, and some properties being sold for lot value.

Properties Sold April 2008 in West University Place

There were 30 properties sold in April of 2008 with prices ranging from $235,000 up to $2,790,000 for an average of $284.34 per square foot. There were 49 properties in various stages of pending at the close of April as well.

Properties Sold March 2008 in West University Place

There were 17 properties sold in March of 2008 with prices ranging from $530,000 up to $1,200,000 for an average of $816,176 or $251.05 per square foot and on average these properties were on the market for 56 days. There were 47 properties in various stages of pending at the close of March as well.

ZIP Code: 77005

West University Approximate Location Description


Kirby Drive to the East, Union Pacific Railway railroad track to the West, Bellaire Boulevard/West Holcombe Boulevard to the South, and Bissonnet and Law Streets to the North.

West University Characteristics

Commonly referred to as West University or West U for short, West University Place was developed by former Tennessee Gov. Ben Hooper. His idea for a community of country homes was conceived in 1910 when Governor Hooper bought a tract of land southwest of Houston out of an old Spanish land grant. The Houston West End Realty Company developed today’s West University Place First Addition and put the first lots up for sale on April 1, 1917. The name “West University Place” originated from its proximity to Rice Institute (now known as Rice University). The city of West University Place incorporated in 1924 and adopted a formal city charter in 1940.
There are approximately 26 subdivisions in West University Place to include Rice Court, Pemberton, Colonial Terrace, Sunset Terrace, Cunningham Terrace, Evanston, Matthews Place, Kent Place, Monticello, Virginia Court, Belle Court, College Court Place, Collegeview, Preston Place, Pershing Place, Academy, Quenby Court, Bissonnet Place, Fairhaven, College Park, and Krenzler Courts and some sections simply known as West University Place.

West University Public Schools

Students who live in West University Place are zoned to West University Elementary, Pershing Middle School in the Braeswood Place neighborhood of Houston, and Lamar High School, in the Upper Kirby district of Houston.

The city’s boundaries are: Kirby Drive to the East, Union Pacific Railway railroad track to the West, Bellaire Boulevard/West Holcombe Boulevard to the South, and Bissonnet and Law Streets to the North.

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