How is the Houston Real Estate Market trending in 2015?
Following 2014 the Houston Real Estate Market is trending strong as the results from the 1st quarter breakdown on March 31, 2015 shows records which surpassed expectations. According to Houston Association of Realtors, average home values have rose to $276,445 a 4.6% increase from 2014 average of $276,444. New listings have increased by 10.6% to 2,458. Supply is finally meeting demand as the amount of closed sales have decreased by 19.2% yet pending sales are at a 17.6% rise at 2087. With continued demand how will the Spring market result?
How is Green Trails trending along with Houston real estate market score in 2015?
Green Trails rolls into 2015 with 16 sales during the 1st quarter. Total sales volume was $6,406,388., and 38% of the homes sold for list price or greater, representing an average sq.ft. price of $126.
Will Oil Cause Home Values to Plummet?
No one knows what the new year holds for the Houston housing market. Various economists have forecast, and all of the experts believe, lower oil prices will be a negative for home sales; yet they do not believe that prices will fall. Chief economist for Stewart Title, Dr. Ted Jones, expects home sales will decline by 10-12%, while prices will continue to rise between 3-6%. He expects months’ inventory to rise to about 5.6 months in 2015, up from 2.5 months at end of 2014. Historically low mortgage interest rates are helping drive the market now. Jones predicts that the mortgage interest rates will rise to 5.6-6% in the next 12 months. So if you've been thinking of selling, now is still a good time to sell!
How did 2014 sales rate in Green Trails?
Sales activity remains brisk in all the different sections of Green Trails; representative of the wide range of prices and a variety of homes. Total number of home sales in 2014 was 75 with a price range of $226,000 - $630,000 and 38 homes sold for over list. Square footage prices ranged from $95 - $146. Total sales volume was $29,110,094, representing 51% of sales for 2014.
Below you will find the year in review for homes sold. Come discover why residents brag about Green Trails!
The sales data presented herein is neither a Broker's Price Opinion nor an appraisal. While Kay Robbins is a licensed Texas Real Estate Broker, this information cannot be considered any kind of appraisal assignment, as it is not presented according to the Uniform Standards of Professional Appraisal Practice (USPAP). We can, however, provide excellent advice upon your request, but we cannot act as "broker" and "appraiser" at the same time, according to state regulations. We'd love to speak with you about what we can do for you! Just call Kay Robbins at 713-558-2520.
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This web site is updated with sales prices of homes in Green Trails gathered from the Houston Association of Realtors. Although the information you see here is anonymous. Kay can create a customized report for you. Plus, you can see a list of homes currently for sale in Green Trails.
If you'd like to know what your home in Green Trails is worth in today's Houston real estate market, Kay can create a custom report for you. Call her at 713-558-2520 or send her an email and receive the market insight. To receive a free Green Trails Market Snapshot so you can keep up with the sales activity, complete the form below. You'll receive a complimentary Starbuck's gift card.
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If you or any of your friends or relatives are interested in buying a home, Kay has knowledgeable, proven sales experience for the past 28 years and can represent your best interest. She invites you to bookmark and return to this site to stay up-to-date on the latest home values in your neighborhood.