Timbergrove/Lazybrook Market Update – May 2011

Norhill Realty June 7, 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

12 homes sold in Timbergrove and Lazybrook in the month of May, 8 Timbergrove and 4 Lazybrook.  This is up from May of 2010, which saw 22 total sales.  Last year’s May number are no doubt inflated due to the expiration of the first time home buyer tax credit.

Active Listings

There are 69 properties currently on the market, 61 in Timbergrove and 8 in Lazybrook.  In May, 26 new listings came on the market and 20 sellers have reduced their price.

Home Prices

The median home price in Timbergrove over the past 12-months is $285,950 up 2% from the same period last year.  Lazybrook’s continued its strong home price surge.  Home prices in Lazybrook rose 13% during that same period to $305,000.

 

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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