Montrose-Neartown Market Update – March 2011

Norhill Realty April 6, 2011

Below you will find the most recent data on home sales and prices for the Montrose/Neartown section of Houston, Texas.  If you are interested in receiving monthly Houston and Montrose/Neartown real estate news updates, then sign up for our RSS feed to receive instant updates. For more information about Montrose/Neartown or to view past market updates, click here.  Or email us at [email protected].

Homes Sold

44 homes sold in Montrose/Neartown in the month of March, 20 detached homes and 24 townhomes/condos.  This is down from last March, which also saw 60 total sales.

Active Listings

There are 367 properties currently on the market, 143 detached homes and 224 townhomes/condos.  In March, 90 of the 367 listings are new listings and 89 of the sellers have reduced their price.

Home Prices

Despite the falling number of properties sold, Montrose/Neartown home prices continue to perform very well.  Median home prices for March were up 9% from the same period last year to $340,250.  Both detached homes and townhomes/condominium both did very well.  Median sales prices for detached properties rose 14% to $435,000 and townhomes/condominiums rose 7% to $299,000.Montrose-Home-big-optimized-for-Blog1

Montrose/Neartown is one of Houston’s most urban neighborhoods.   According to Walkscore.com, this is a walker’s paradise. Some of the great bars and restaurants in Houston are foot steps away from the hip bungalows, townhomes, and mid-rise condominium towers that dot the area.  The area is also home to some great cultural institutions, such as Anderson Fair, the Menil Collection, the Rothco Chapel, and Saint Thomas University. If you would like more information about Montrose/Neartown, give us a call at 713-869-5700 or email us at [email protected].

MONTROSE HOUSTON HOMES FOR SALE

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