Timbergrove Market Report: August 2015

Norhill Realty September 11, 2015

Thanks for reviewing this latest iteration of the Timbergrove Market report. Before we start, let us tell you a little about Timbergrove. Timbergrove is located inside the 610 Loop and just west of the Houston Heights.  Young professionals love the neighborhood’s proximity to downtown — just 7 miles — and families enjoy access to biking trails and the area’s numerous parks.  Traced by White Oak Bayou along its eastern border, Timbergrove offers residents no less than four parks — West 11th Street Park, Timbergrove Manor Park, Jaycee Park and T.C. Jester Parkway — plus 7.4-miles of pedestrian and bike paths.

Timbergrove Market Report

Timbergrove continues to grow as home buyers are wooed by endearing homes with large yards and a convenient central location. August 2015 saw an increase in available Timbergrove listings over last year’s averages, with 52 properties currently active.  Average Days on Market remained consistent at 23.53 days, giving Buyers ample choices among available homes — currently 3.69 months of inventory compared to just 1.2 months back in August 2014.  Timbergrove Sales Prices continue to rise, up 12.6 percent ($460,554) despite the declines seen across some areas of Houston, as more and more families discover the neighborhood’s charms.

 

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Timbergrove Market Report
Timbergrove market report and home prices