Timbergrove / Lazybrook Market Update – August 2013

Norhill Realty September 23, 2013

Low inventories and high buyer demand continues to be the order of day in Timbergrove for August. The number of home sales were up 27% from August 2012, and homes continue to sell very quickly.  The median days on market for homes sold in August was 6 days!  All of this has contributed to another month of increase home prices. Year over year prices are up 23%.

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Timbergrove Market Report – August 2013


Homes continue to move and they continue to move quickly. 19 homes sold in August of 2013.  That’s up 27% from August 2012. Of those homes sold in August, half were under contract in 6 days or less.

MLS#Closed DateAddressBedroomsBathrooms# GaragePoolBldg SqFtLot SqFtYear BuiltList Price
134014748/9/20131711 WILLOWBY DR31-02N1,2667,1501960$239,000
768162448/22/20131154 HEMPSTEAD VILLA LN32-12N1,7461,7622007$262,000
240806208/22/20133614 HEMPSTEAD VILLA DR32-12N1,8801,8002007$272,500
931374828/8/2013927 SHIRKMERE RD22-02N1,3058,4421960$325,000
306405248/9/20131847 MILL CREEK DR32-02N1,3367,2151960$339,900
582757638/8/20131834 SALFORD DR32-02N1,4177,2101963$354,000
731014928/9/20132426 BROOKTREE DR32-03N2,1989,3171968$368,622
341062448/9/20136135 HURST ST32-02N1,5708,1251952$378,000
590023878/7/20131019 WALTWAY DR22-02N1,3547,8001955$379,000
619004448/2/20131135 WORTHSHIRE ST31-02N1,5829,6101950$389,900
640650718/29/20131814 HAVERHILL DR22-02Y1,6718,1651959$399,000
524414298/12/20132211 TANNEHILL DR32-02N1,7927,5901963$400,000
40115648/30/20132010 BROOKTREE DR42-11N2,1039,4401965$405,000
969254398/22/20132310 Brookmere Dr32-03N2,0188,4001970$524,900
931736348/19/20136534 LINDYANN LN32-02N2,2688,7751958$550,000
541728848/1/20131806 HAVERHILL DR43-02N2,6097,1502013$575,999
541728848/1/20131806 HAVERHILL DR43-02N2,6097,1502013$575,999
642804098/9/20136715 GROVEWOOD LN32-02N2,2318,6451961$576,239
264146818/2/20136103 HURST ST44-23Y5,23911,7262008$1,174,999
313330238/26/20133245 MAXROY ST33-12N1,9001,4282009$305,000


Again, like July, there were 16 homes available on the market in August. This is 2 units off the number from August 2012.  Inventory remains very tight.  Of the 8 homes that entered the market in August, only 5 are still available.  The rest are under contract.Timbergrove-Graph-August-20131


Timbergrove / Lazybrook home prices rose for the 12th consecutive month. The average home price for the 12 month period ending in August 2013 was $364,034.  That’s up 23% from the same period ending in August 2012!  Home sellers and Timbergrove residents got to love those apples.6215-Wynnwood

Located just west of Houston Heights, Timbergrove and Lazybrook are two of the hottest neighborhoods for young families in Houston’s Inner Loop.  Downtown Houston and the Uptown/Galleria area are a short drive away.  Furthermore, Timbergrove and Lazybrook are conveniently located close to restaurants and bars in Houston Heightsthe Uptown/Galleria area, and the Washington/Rice Military Corridor.  For prospective buyers that are seeking close proximity to Houston’s great parks, Timbergrove and Lazybrook is home to 11th street Park, Jaycee Park, and the White Oak bayou bike trail.  Memorial Park and its great jogging trail is also nearby.  Timbergrove and Lazybrook is also home to a couple of our agents.