Meyerland Subdivision, Houston, TX Market Condition Report – March 2008
2006 was a good year for homeowners in Meyerland which is a subdivision of Houston, Texas. Sellers sold 109 properties ranging in price from $197,000 for an older single family residential home up to $1,150,000 for a new construction luxury home with an average sales price of $368,966. That calculates to be $133.73 per square foot showing a definite upward price trend. These figures are based on data collected from the Multiple Listing Service of the Houston Association of Realtors.
Meyerland residents continued to enjoy increased property values as reflected in the following data provided by 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.
Currently there are 40 active available homes for sale in Meyerland with list prices ranging from $239,900 to $1,150,000 . . . and there are 16 properties in various stages of pending. The wide range in price reflects the new luxury home construction; however, the majority of homes in Meyerland are 3 to 4 bedrooms, 2 baths between 2000 and 3000 sq. ft.
In February of 2008 sellers sold 5 homes with prices ranging from $265,000 for a resale home to $847,500 for a luxury new construction home . . . averaging $151.69. This indicates that Meyerland homes continue to appreciate in value.
For the month ofJanuary 2008 buyers bought 5 homes in Meyerland with prices ranging from $319,800 to $395,000, averaging $147.05 per square foot.
ZIP Code: 77096
Approximate Location Boundaries:South of Beechnut, North of Bellfort, West of S Post Oak, East of Chimney Rock
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 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.
Schools – 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.
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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October 17th, 2010 at 3:53 am
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November 1st, 2010 at 11:45 am
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