Market Conditions for Meyerland in Houston, Texas

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

May 2008

Meyerland Homeowners See Good Trend

2006 was a good year for homeowners in Meyerland as we saw 109 properties sold ranging in price from$197,000 up to $1,150,000 with an average sales price of $368,966 or $133.73 per square foot showing a definite upward trend. These figures are based on data collected from the Houston Association of Realtors.

There were 89 single family homes sold in 2007 with prices ranging from $200,000 to $1,000,000 averaging $144.73 per square foot.

Meyerland residents continue to enjoy increased property values as reflected in the following data provided by the Houston Association of Realtors. There were 7 single family homes sold in March 2008 with prices ranging from $292,000 to $899,000 averaging $172.59 per square foot. The wide range reflects the new construction; however the majority of homes are 3 to 4 bedrooms, 2 baths between 2000 and 3000 sq. ft.

Homes Continue to Sell Well in Meyerland in April 2008

Based on information provided by The Houston Association of Realtors we saw the following activity in Meyerland last month: 8 single family homes sold in April with prices ranging from $302,000 to $760,000 averaging $147.95 per square foot. The wide range reflects the new construction; however the majority of homes are 3 to 4 bedrooms, 2 baths between 2000 and 3000 sq. ft. There was also one property sold during this period for lot value at $282,000.

Currently there are 55 active available homes for sale in Meyerland with list prices ranging from $225,000 to $1,100,000 and there are 18 properties in option pending, pending continue to show and pending stages.

ZIP Code: 77096

Approximate Location Boundaries for Meyerland in Houston, TX

South of Beechnut, North of Bellfort, West of S Post Oak, East of Chimney Rock


Meyerland Location Characteristics

Meyerland is a residential area situated on the banks of the Brays Bayou at the outer southwest corner of Loop 610, just south of Bellaire. Just a 15-minute drive (or less) to downtown Houston, the Texas Medical Center, the Galleria, and the Reliant Park complex, the Meyerland community boasts excellent accessibility, beautiful parks, and strong community leaders. Homes range in price from the mid $100,000’s (usually lot value) to the $1,000,000’s and while some of the homes are the original 1950s bungalows, others are new construction from homeowners who like Meyerland’s ease and convenience.

Meyerland is the concept of three generations of the Meyer family. In the late 1800’s, Joseph F. Meyer started buying land in the southwest part of the area surrounding Houston, eventually accumulating 6,000 acres of which he paid less than $5 per acre. In the mid-1950’s Joseph’s son, George, saw the possibilities of a prestigious subdivision and after his father’s death, son George took the 1,200 acres he inherited and created Meyerland with 2,700 lots and an 80-acre reserve for a shopping center. George Meyer proceeded to develop homes that were affordable enough to attract middle America. Look magazine called Meyerland a “state-of-the-art neighborhood” while House and Home magazine claimed it was the “ideal plan for a subdivision.” Meyerland might be termed Houston’s first “planned community” in that Meyer held to stringent deed restrictions and strong architectural controls for its development. Characteristic of Meyerland are brick, contemporary styled homes, three and four bedrooms with two baths, an uncommon feature when built.

Meyerland Plaza Shopping Center

Meyerland Plaza Shopping Center was opened in 1957 as Houston’s second regional mall and was managed by George Meyer’s oldest daughter, Leota Meyer Hess. The third generation of the Meyer family sold the center in 1984. After years of neglect, in the mid-90s it was purchased and renovated by a new owner. The revival of Meyerland Plaza brought 927,000 square feet of new shopping space to Meyerland and the plaza now includes a variety of 50 shops and restaurants, several of which opened spring 2005.Meyerland Schools and Library

Meyerland has numerous Houston Independent School District Exemplary schools and is zoned to nationally acclaimed Bellaire High School. Zoned neighborhood elementary schools include Kolter Elementary School and Lovett Elementary School, both located in Meyerland. The neighborhood is also served by Johnston Middle School (located in Meyerland), Pershing Middle School (located in Braeswood Place), and Pin Oak Middle School in the city of Bellaire (pupils zoned to Johnston have the option to attend Pin Oak), and Bellaire High School located in the city of Bellaire.

The Houston Public Library system operates the Meyer Branch Library at 5005 W. Bellfort, which serves the Meyerland community.

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