Timbergrove / Lazybrook Market Update – June 2013

Norhill Realty July 10, 2013

Oh wow!  Things are going pretty well in the Timbergrove / Lazybrook real estate market.  Who would have thought? It is only like 11 months in a row of uninterrupted price growth.  With new restaurants coming to the neighborhood and good things happening with the neighborhood schools, we imagine Timbergrove will continue to become a great place to live and buyer demand will remain strong. If buyer demand stays strong and inventory levels remain like they were in June, we can only expect prices will continue to rise as well.

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SALES ACTIVITY

19 homes sold in Timbergrove in the month of June. This is down only slightly from June of 2012, which saw 20 total sales. Half of all homes sold in June were under contract in less than 5 days.

MLS#Closed DateAddressBRBths# GarPoolLot SqFtBldg SqFt/td>YrList Price
898747076/14/20136302 WOODBROOK LN21-01N1,06610,1401955$285,000
353610146/18/20133275 Maxroy33-12N1,97002013$295,000
759450426/12/20133123 HERITAGE CREEK OAKS32-12N2,5922,6512003$305,000
992492846/3/20131339 ELLA PLACE32-12N2,3582,4412006$305,000
321482146/5/20131374 Ella Place32-12N2,4332,8112006$320,000
214291436/14/20131262 SEAMIST DR42-02N1,8843,9632003$325,000
103411656/25/20133297 Maxroy33-12N2,00102013$326,935
450651346/26/20133291 Maxroy33-12N2,01202013$334,400
946477206/6/20136302 WALTWAY DR32-01N1,4828,8401955$345,000
250627066/11/2013906 PRINCE ST31-02N1,3749,7501950$349,995
896498456/21/20131241 PRINCE ST33-13N2,7282,1952006$359,900
983884946/27/20131610 WILLOWBY DR32-02N1,9047,3701956$389,900
240294156/17/20132006 Crystal Ct32-12N1,9408,4001968$399,900
275727926/28/20132107 Widdicomb42-02N2,0859,3201965$449,999
586068686/4/20136743 CINDY LN33-00Y2,4268,7701959$469,500
518167946/28/20136742 LINDYANN LN32-12N2,3548,4401958$475,000
148690376/21/20131107 CLOVIS RD32-12N2,31713,2001954$539,900
754724426/14/20136431 LINDYANN LN53-12N2,6578,4501954$570,000
477401966/17/20136238 CINDY LN32-02Y3,06917,5501960$649,000

ACTIVE LISTINGS

Wow! At this time last month, there were 6 homes on the market. That number is up to a whopping 2 to 8 total active listings. Timbergrove is certainly not Walmart.  There simply are not a lot of choices for home buyers.  16 new listings came available in June. Of those new listings only 3 are still available. The other 13 are either under contract or already sold. Prospective sellers can certainly expect a quick turnaround if their home is ready to show.Timbergrove-Graph3

 HOME PRICES

Low inventories and high buyer demand has continued to push prices up over the past few months. June was no exception. The average price in Timbergrove/Lazybrook during the 12 month period ending in June 2013 was $346,714.  That’s up 16% from the same period ending in June 2012. Prices appear to be holding.  If buyer demand and listing inventory continue at their current rates, then prices may well continue to go up.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.

TOP REAL ESTATE AGENTS IN TIMBERGROVE

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