Timbergrove/Lazybrook Market Update – February 2011

Norhill Realty March 1, 2011

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, click here.  Or email us at [email protected].

Homes Sold

16 homes sold in Timbergrove and Lazybrook in the month of February, 9 Timbergrove and 7 Lazybrook.  This is up from last February, which saw 10 total sales.

Active Listings

There are 57 properties currently on the market, 48 in Timbergrove and 9 in Lazybrook.  In February, 21 of the 57 listings are new listings and 18 of the sellers have reduced their price.

Home Prices

The median home price in Timbergrove over the past 12-months is $248,500, up 4% from the same period last year.  Lazybrook’s median home price rose an astonishing 22% during that period to $287,500.

Just to the west of Houston Heights, Timbergrove and Lazybrook are two of the hot neighborhoods for young families in Houston’s Inner Loop.  Downtown Houston and the Uptown/Galleria area are a short drive a way.  Furthermore, Timbergrove and Lazybrook are conveniently located close to restaurants and bars in Houston Heights, the Galleria area, and the Washington/West End 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 HOMES FOR SALE

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