Timbergrove / Lazybrook Market Update – January 2013

Norhill Realty February 12, 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

7 homes sold in Timbergrove / Lazybrook in the month of January.  That’ s a little down from January 2012.  However, declining inventory levels make this a small surprise.  Of the properties that did sell in January, half  of those units sold in less than 10 days.

Active Listings

Speaking of inventory levels. There are currently 18 homes on the market in Timbergrove and Lazybrook.  Or less than 1 and a half months of inventory.  That is not only historically low for this neighborhood, but also the city of Houston as a whole.  9 homes came on the market in January.  Of those 2 are already sold.  Quality listings in Timbergrove are certainly selling very fast.

Home Prices

Year over year home prices in Timbergrove were up 5%.  The average price sold for homes in Timbergrove was $313,524.  If inventory levels continue at their current levels, prices could continue to rise 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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