Washington Corridor Market Update – February 2011

Norhill Realty March 9, 2011

Below you will find the most recent data on home sales and prices for the neighborhoods near the Washington Corridor in Houston, Texas, including Rice Military, Sawyer Heights, Cottage Grove, and Hogan’s Landing. If you are interested in receiving monthly Houston and Washington Corridor news updates, then sign up for our RSS feed to receive instant updates.  Or email us at [email protected].

Homes Sold

51 homes sold in the Washington Corridor in the month of February, 29 detached homes and 22 townhomes/condos.  This is down from last February, which saw 58 total sales. 14 of the properties sold were new construction, down from February 2010, which saw 16 new construction sales.

Active Listings

There are 520 properties currently on the market, 304 detached homes and 216 townhomes/condos.  In February, 96 of the 520 listings are new listings and 94 of the sellers have reduced their price.

Home Prices

Over the past 12 months, the median sales price for detached properties was relatively flat at $320,000 from the same period last year.  Townhomes/Condominiums have rose to $273,000, a 1% increase.Gibson-optimized-for-Blog

The Washington Corridor is the new place to live and play in the city of Houston.  Some of the trendiest bars, bistros, and gastro-pubs make the West End their home.  The residents of this area love the close proximity to Memorial Park, Downtown, and the Galleria.  This area has seen a lot of residential and retail development over the past 10 years and this trend continue.

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