Timbergrove / Lazybrook Market Update – September 2013

Norhill Realty October 22, 2013

The extended boom in Timbergrove and Lazybrook continued into September 2013.  Home prices rose 23% to $365,164. That’s up for the 13th consecutive month. This boom does not appear to be subsiding.  There is currently only 1 month of available inventory.   With so few homes to choose from, prices will more than likely continue to move up.  It is certainly a good time to live in Timbergrove.

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Washington Corridor Market Update – September 2013
SALES ACTIVITY

Homes in Timbergrove continue to sell and they continue to sell quickly.  There were 17 total sales in the month of September in Timbergrove / Lazybrook. That’s up 17% from September 2012. Of the homes sold in September 2013, half were under contract in 11 days or less.

MLS#Closed DateAddressBRBths# GarPoolBldg SqFtLot SqFtYear BuiltList Price
491989469/30/20132023 WIDDICOMB CT32/12Y2,2367,9501966$550,000
567768409/16/20136626 LINDYANN LN32/02N2,0889,3801960$489,900
863242729/6/20136003 WOODBROOK LN31/12N1,63618,6601952$420,000
419562449/6/20131518 DROXFORD DR31/12N2,1909,5901961$399,000
458519709/3/20131260 PRINCE ST32/12N2,2022,6052006$374,900
836064199/20/20136427 GROVEWOOD32/02N1,58610,4001955$359,000
771928639/5/2013838 T C JESTER BLVD32/01N1,7928,7751952$349,900
683796819/12/20136623 LINDYANN LN32/02N2,2608,4501960$339,000
737610809/26/20132002 Croydon42/02N1,5699,0001967$337,500
333689379/17/20133114 Heritage Creek Terrace32/12N2,6962,6502002$335,000
725579509/6/20131838 MILLWOOD DR32/02N1,3957,2151958$299,900
712445919/30/20136123 HURST ST32/02N1,4038,2401955$295,000
834001429/13/20131159 HEMPSTEAD VILLA LN33/12N2,1083,0122009$289,900
473588949/16/20136042 WOODBROOK LN32/01N1,3517,2001952$287,500
45282499/18/20132211 HAVERHILL DR31/12N1,4157,5901960$275,000
780444589/20/20132618 WILLOWBY DR32/00N1,6007,3701960$259,900
477677729/13/20131710 HAVERHILL32/02N1,5937,1501958$249,000

ACTIVE LISTINGS

There are currently 17 homes active on the market. That’s pretty close to the 2 previous months.  There were 17 new listings that came available in September.  Of those, only 5 are still active on the market.  The rest are either under contract or sold.Timbergrove-Graph-September-2013

HOME PRICES

For the 12 month period ending in September 2013, prices rose to $365,164 for Timbergrove / Lazybrook. That’s up 23% from the same period ending in September 2012.6215 Wynnwood Ln

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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