Timbergrove / Lazybrook Market Update – December 2012

Norhill Realty January 7, 2013

Below you will find the most recent data on home sales and prices for the Timbergrove and Lazybrook neighborhoods in Houston, Texas. If you are interested in receiving monthly Houston and Timbergrove/Lazybrook real estate news updates, then sign up for our RSS feed to receive instant updates. For more information about Timbergrove/Lazybrook and to view past market updates, check out our Timbergrove/Lazybrook neighborhood information page. Or email us at [email protected].

Sales Activity

15 units sold in the month of December and to close out the year.  Sales in December were slightly down from the 17 sold in December 2011.  However, 2012 saw a 8.7% increase in the number of properties sold from 2011.

Active Listings

The number of options in Timbergrove/Lazybrook continues to decline. There are currently only 19 homes available. This is down from the 23 homes that were available in November.  Not surprisingly, there were only 11 homes that came on the market in December. Decembers in general tend to be a slow month for new listings in general.  4 of the 11 new listings are already under contract. Timbergrove/Lazybrook continues to be a very competitive market.

Home Prices

Home prices in Timbergrove were up 6% overall in 2012 from the previous year.  With tightening inventories, this is a trend that is expected to continue in 2013.Timbergrove-home

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.

SELLING A HOME IN TIMBERGROVE

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