Braes Heights Real Estate, Houston, Texas – Market Conditions – February 2008 Report
Sales in the popular Braes Heights real estate neighborhood located in Houston, Texas can be largely broken down as follows: older homes with few if any updates which are mainly worth lot value; older homes which have been completely remodeled; and, new or recent construction.
According to information that was reviewed in Houston Association of REALTORS Multiple Listing Service, Braes Heights, Houston, Texas currently has 12 single family residential homes on the market priced from $429,900. for a completely remodeled 3 bed/2 bath, 1632 sq.ft. home on a 7875 sq. ft. lot, to a new construction luxury 4 bed/3.5 bath, 4600 sq. ft. home priced at $1,299,000. The average asking price per square foot is $219.58. There are an additional 4 homes pending sale as of 2/13/2008.
In January 2008, two homes sold for an average sales price per square foot of $197.12. The lowest sale was a 4 bed/ 3 bath, updated 2720 sq. ft. home on a 9750 sq. ft. lot which sold for $486,500. The highest sale was a new construction luxury 4 bed/ 4 bath, 4389 sq. ft. home on a 9223 sq. ft. lot which sold for $915,000.
ZIP Code: 77025
Approximate Location Boundaries: See Characteristics section
Location Characteristics: Braes Heights is a subdivision in Houston, Texas consisting 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 part of Braeswood Place which is composed of seven subdivisions: Ayrshire, Braes Heights, Braes Oaks, Braes Manor, Braes Terrace,Emerald Forest and Southern Oaks. For the most part 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 of luxury homes in the last 10 years-mostly 2 story homes from 3200 to 5500 sq. ft.
Recent additions and improvements to the neighborhoodare a Houston public library, YMCA, Sheltering Arms senior citizens facility headquarters, McGovern Park ballfields for children, Helen’s Park and Beal Park. Braes Heights is zoned to Mark Twain Elementary (newly built), Pershing Middle School(newly built), an optional Pin Oak Middle School located in Bellaire and Lamar High School. Children in Braes Heights are placed in the West University Little 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
February 17th, 2008 at 6:07 am
[…] Tony K wrote an interesting post today onHere’s a quick excerptFor the most part 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 of luxury homes in the last 10 years-mostly 2 … […]