Timbergrove / Lazybrook Market Update – December 2013

Norhill Realty January 31, 2014

Thanks for taking a look at this latest Timbergrove and Lazybrook market update. We hope you find it useful.

Home sales in Timbergrove / Lazybrook slowed down a little bit in December 2013.  However, half of all homes sold in December were still under contract in less than 14 days.  Home prices have risen 14 out of the last 15 months.  The average price of homes sold over 12 month period ending in December 2013 averaged $372,790.  That’s up 19% from the same period ending in December 2012.  If inventory levels continue to remain low in 2014, we could see this kind of appreciation through this year as well.

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SALES ACTIVITY

There were 18 homes sales in Timbergrove in the month of December 2013.  That’s up from December 2012 when there were a total of 15 homes sold. Homes took a little longer to sell last month than they did in the same period last year.  Half of all homes sold were under contract in less than 14 days.  In December of 2012, half of all homes sold were under contract in less than 4 days.

MLS#Closed DateAddressBRBths# GarPoolLot SqFtBldg SqFtYrList Price
6763054712/20/20131138 WOODHILL21/01N7,3401,0261950$235,000
6361690812/06/20136427 CINDY LN32/02N8,5801,7241956$280,000
3524347412/09/20132507 Willowby31/12N01,3871960$285,000
5954863412/30/20131818 TANNEHILL DR31/12N7,5481,4471962$299,900
1017264512/27/20131648 W 13TH ST23/12N2,1571,9062006$319,900
4771528412/13/20132531 TANNEHILL DR32/00N7,7001,9481963$340,000
9567554012/10/20136139 ABINGTON WAY22/02N9,1001,7021955$365,800
6878413212/20/20136218 ABINGTON WAY22/02N9,8001,3371955$370,000
3009544312/02/20131606 Willowby Dr.32/02N6,8341,6141959$387,500
212447512/12/20133518 WINDMILL ELM ST.43/12N4,0004,0502007$409,000
3636062012/23/20136526 Grovewood32/12N8,8902,2141958$420,000
6081744912/20/20131335 SEASPRAY CT32/12N11,8812,0531960$499,000
2848403912/30/20136322 KURY LN32/02N9,5201,7951965$514,500
9441705112/18/20131135 NASHUA ST32/12N7,4402,4602013$569,900
6865876512/31/20132410 TANNEHILL DR.42/02N7,2602,4151965$575,000
3721192812/06/20136202 KURY LN32/12N14,0703,0811960$599,900

ACTIVE LISTINGS

There are currently 14 homes on the market.  That’s down from 18 active listings this time last year.  In December, only 7 new listings came available to the market. Of those 7, only 2 are still available at this time.Timbergrove-Graph-December-2013

HOME PRICES

For the 12 month period ending in December 2013, prices rose to $372,790 for Timbergrove / Lazybrook. That’s up 19% from the same period ending in December 2012, which was $313,089.

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.

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