Washington Corridor Market Update – March 2011

Norhill Realty April 5, 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

66 homes sold in the Washington Corridor in the month of March, 31 detached homes and 35 townhomes/condos.  This is down from last March, which saw 78 total sales. 15 of the properties sold were new construction, down from March 2010, which saw 22 new construction sales.

Active Listings

There are 503 properties currently on the market, 288 detached homes and 215 townhomes/condos.  In March, 139 of the 503 listings are new listings and 138 of the sellers have reduced their price.

Home Prices

Over the past 12 months, the median sales price for detached properties has risen 1.98% to $323,700 from the same period last year.  Townhouses/Condominiums have rose to $273,000, a 1% increase.

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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