Timbergrove / Lazybrook Market Update – July 2013

Norhill Realty August 6, 2013

It was a another great month for Timbergrove. The average home price as risen by double digits year over year.  Homes are still selling very quickly.  However, home shoppers have a few more options this month than they have had for most of the summer.  That being said, inventory levels remain historically low, which could yield even higher prices in the months and weeks ahead. On the quality of life front, we have a new restaurant that has joined the neighborhood. Hughie’s Tavern located at 1802 W. 18th St.  We can’t wait to check out the Spicy lemongrass Tofu and the Banh Mi sandwiches.

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Check out the Timbergrove market report for July 2013 at Norhillrealty.com. Your local Timbergrove Realtor and home specialist.

SALES ACTIVITY
18 homes sold in Timbergrove in the month of July, which was up a whopping 2 extra homes from July 2012.   Of the properties sold in July half were under contract in less than 9 days. That’s up slightly from last month, when the median days on market for homes sold was 5.

MLS#Closed DateAddressBed RoomsBath rooms# GaragePoolBldg SqFtLot SqFtYear BuiltList Price
138103267/31/20131834 SEAMIST CT32/12N2,0407,2151958$529,900
417104517/26/20136510 CINDY LN32/02N1,9228,4501957$425,000
657734357/11/20131823 TATTENHALL DR32/02N1,6627,7251963$399,900
279463317/18/20132014 LAZYBROOK DR32/02N1,5667,5001956$355,000
662556647/29/20136608 TOLEDO ST33/12N2,5581,5242010$352,000
523188007/18/20131248 PRINCE ST32/12N2,1162,5982005$349,900
855387057/3/20131236 SEAMIST DR32/12N2,1454,0052003$349,900
869581937/8/2013910 BAY OAKS RD32/01N1,5368,8401952$349,900
830030847/5/20136235 Wynnwood21/02N1,5128,1901955$329,900
970916447/15/20136555 GROVEWOOD LN32/01N2,1828,9801956$329,500
988652167/19/20133123 HERITAGE CREEK TERRACE32/12N2,6962,5412003$325,000
192015467/1/20132219 WILLOWBY DR32/02N1,7767,5901962$319,900
281938837/12/20132511 WILLOWBY DR32/02N1,2097,2601965$314,900
520638417/29/20136318 WALTWAY DR32/01N1,4088,3201955$305,500
231854707/26/20131634 W 13TH ST22/12N1,7041,4672005$285,000
634396157/9/20131719 LOCKSFORD31/02N1,21410,1501957$275,000
635141247/17/20131636 13TH ST22/12N1,9351,4582005$237,500

ACTIVE LISTINGS

Home buyers will be happy to know that there are a few more options currently available in Timbergrove.  The number of active listings is up to 16 at this moment.  That’s up quite a bit from last month, which only had 6 homes available at this time and the previous month which had only 8.  Despite this little spike, this is historically a very low number of available listings.  At this time last year, there were 28 total listings available on the market.  24 new listings came available in July. Of which only 8 are still available.  The rest are already under contract.Houston-Heights-Graph-July-2013

HOME PRICES

Timbergrove / Lazybrook home prices rose for the 11th consecutive month. The average home price for the 12 month period ending in July 2013 was $350,932.  That’s up 18% from the same period ending in July 2012!  Home sellers and Timbergrove residence go to love that.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.

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