Timbergrove / Lazybrook Market Update – November 2012

Norhill Realty December 6, 2012

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

With 12 units sold in the month of November, Timbergrove/Lazybrook had a pretty good month.  That number is slightly up from the 7 units that sold in October 2011.

Active Listings

The number of options in Timbergrove/Lazybrook continues to decline. Although slightly up from the previous month, there are currently only 23 homes available.  There were 14 new listings that came available in November.  5 of those homes are already under contract, which is a testament to the popularity of the neighborhood and the scarcity of the homes available.  As a whole, inventory levels stand at 1 and a half months of available inventory.

Home Prices

Despite tightened home inventory, average home prices is slightly down.  The average price for properties sold over the past 12 months (ending in November 2012) was $299,856, which makes this a very affordable inner loop option.Timbergrove-home-blog-optimized5

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.

TIMBERGROVE REAL ESTATE

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