Becky's Best Bungalow Bets for Apr 30, 2023: Top 4 + Market Update

Hello BBBB Friends:

And just like that, two weeks of solid gains in single-family home inventory were wiped out by a slow week for new listings paired with a stronger showing in sales. I have 4 new listings and one “coming soon” listing to share with you today. I also have a number of price reductions, new contracts, and final sales for homes that are Still on My List, so be sure to keep scrolling down!

HEIGHTS REAL ESTATE MARKET UPDATE-MARCH HIGHLIGHTS

For those who prefer a detailed analysis of the numbers, I have created a separate blog post this month. You can access it by clicking HERE. For those who like the “big picture”, read on:

The Houston housing market, including the Heights, has been experiencing a prolonged period of declining sales, with March being the twelfth consecutive month of negative year-over-year sales.
While there was a significant month-over-month increase in sales between February and March of this year, that is likely attributed to the start of the Spring selling season. Despite this increase, year-to-date sales in the Heights are still significantly behind last year’s figures, with a 51% decline, but only 19% behind sales figures from 2019, suggesting some signs of stabilization and improvement in the housing market in the Heights.
The average and median sales prices in March increased by 4% and 5%, respectively, year-over-year, a much slower rate than the previous year.
The “Close to List Price Ratio” for all sales in March was 99%, with a range of 87% to 125%, and 100% for homes under contract within the first seven days of listing. The lack of inventory is producing multiple and over-list price offer situations for many homes.
The median number of days on the market for homes in the area decreased by 15% on a month-over-month basis, from 26 to 22 days, although homes are taking longer to sell this year compared to the previous year.
Months of single-family home inventory* on hand hovered around 2.5 months for most of March, indicating we are still in a solid seller’s market.

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Have a great week, and,

Let’s look at houses or talk about selling yours!

Becky Davis

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Becky Davis
Compass Realty
832-628-8221

Thinking of selling? We can front the cost for painting, la n dscaping, upgrades, and more. No fees or interest, EVER! Click here for more information.

*Note: For purposes of BBBB, the “Heights” is defined as the area between I-10 and Loop 610 N and between Shepherd and I-45).

The Week’s Featured Properties

912 Nadine: $599,900

Pineridge (South of East Sunset Heights)
Brownstone, c. 2022 by Brownstone builders
3/2/1, 2502 sq ft on a 2500 sq ft lot
12′ coffered ceilings down, wide-plank engineered wood flooring
Generous primary suite with tray ceiling, double closets, and plenty of natural light
Patio-size backyard with landscaping and grass
Front-entry 2-car attached garage
Additional driveway parking
Zoned to Field Elementary

This area of the Heights continues to grow in popularity. It’s just a short walk to the Houston Farmer’s Market and restaurants on Airline.

******

517 E 11th St: $925,000

Houston Heights
Brownstone, c. 2001
3/2/1, 3036 sq ft on a 2800 sq ft lot
Pine flooring
Island kitchen with stained wood cabinets
Primary suite and flex room on 3rd floor
2 secondary bedrooms on 1st floor
Fenced low-maintenance turfed front yard provides green space
Rooftop deck
Alley access to 2-car attached garage
Zoned to Harvard Elementary

Situated opposite Buchanan’s Nursery and just a short walk from some of the most popular spots in Heights, including Field and Tide and Dish Society.

******

733 Tulane: $950,000

Tulane Trails (Houston Heights)
Greek Revival, c. 2018 by Sullivan Builders
3/2/1, 2357 sq ft on a 3300 sq ft lot
Double gallery front and back porches
LEED-certified
1st-floor open study
Green space between house and garage
Alley access to 2-car detached garage
Front parking pad
Zoned to Love Elementary

Tulane and Ashland Trails’ homes have witnessed a significant surge in demand and value appreciation thanks to their convenient access to the Hike and Bike Trail, Heights Merchantile, and the MKT development.

******

1802 Columbia: $1,999,900

Heights East Historic District
Craftsman and Prairie influences, c. 2011 by Ridgewater Homes
4/3/1, 3825 sq ft on a 7920 sq ft lot
Chef’s kitchen with high-end appliances
Sunroom overlooking the pool
Bedroom with full bath downstairs
Large primary suite with vaulted beadboard ceiling and balcony overlooking the pool
POOL w/water features
Breezeway between the house and garage provides cover for a patio and summer kitchen
Garage APT (~600 sq ft, unfinished, build-out options available)
A fenced front yard connecting to the back provides green space
Driveway access to 2-car detached garage
Parking pads in front and along 18th Street (Corner lot)
Zoned to Field Elementary

Arguably, the house’s best features are its beautiful outdoor living spaces, including a veranda-style front porch overlooking a landscaped yard, a gorgeous pool, and a breezeway-covered patio with a summer kitchen.

******

This Week’s Price Reductions & Status Updates

Presented by Keller Williams Met Inner Loop

PRICE REDUCED

244 W 24th St: $833,000 was $839,000

Houston Heights
Colonial Revival, c. 2023 by Southern Green Builders
3/2/1, 2528 sq ft on a 3275 sq ft lot
New construction
Double gallery porches (balcony off primary suite)
Home office/study
Primary suite with vaulted ceiling, large walk-in closet
Small green space between house & garage
Alley access to 2-car detached garage
Curbed street
Zoned to Helms Elementary

The property is next to a law office with the potential for extra parking after hours.

******

PRICE REDUCED

931 Louise: $829,900 was $849,900

Pineridge (south of East Sunset Heights)
Craftsman bungalow, c. 1930
3/2/1, 2008 sq ft on 7500 sq ft lot
Updated kitchen and baths
Home office (could be a 4th bedroom)
Back deck and large backyard
Gated driveway access to 2-car detached garage
Curbed street plus additional driveway parking
Zoned to Field Elementary

Located on a charming block of the Pineridge subdivision south of Sunset Heights featuring a combination of new construction and original early-1900 homes. The large lot provides options for future development, including new construction and property expansion.

*****

PRICE REDUCED

1114 Algregg: $830,000 was $850,000

Norhill Historic District
Bungalow w/ornamental gable, c. 1920
3/2/1, 1696 sq ft on a 5000 sq ft lot
Renovated/expanded 2022
Dedicated laundry room
Primary suite w/ enclosed spa (party 🥳) shower w/slipper tub and large closet
Covered back porch and a bit of backyard space, plus fenced front yard
Gated driveway access to 1-car detached garage
Curbed street
Zoned to Field Elementary

To-the-studs renovation increasing total square footage by 721 sq ft. In addition to the expanded living quarters, the builder was also able to create a back porch and save some of the backyard space,

******

PRICE REDUCED

1037 Voight: $1,066,000 was $1,085,000

Houston Heights
Garage-front Craftsman, c. 2022 by Nebula
4/3/1, 2925 sq ft on a 3125 sq ft lot
Wide-plank white oak wood flooring
Island kitchen with professional-grade appliances
Small wine room/second pantry area
Skylights in the staircase area provide tons of natural light
Primary suite vaulted ceiling, sitting area, and private balcony.
Back porch and small backyard w/view of Stude Park
Garage-front access to 2-car attached garage
Additional driveway parking
Zoned to Travis Elementary

Stude Park is located just steps away. Fun fact: Stude Park and the streets Studewood and Studemont were named after the Stude Family. Henry W Stude was a prominent baker and the proprietor of the Texas Baking Company. Stude Park was created by combining 22.4 acres donated by the family and 20 acres already owned by the city. Stude Park features a swimming pool, water playground, playground, sports field, gym, and trail.

******

PRICE REDUCED

813 Lawrence: $1,425,495 was $1,485,495

Harding Heights (West Heights)
Contemporary/modern, c. 2016 by CEA Loveless
3/3, 3003 sq ft on a 4500 sq ft lot
Office or 4th bedroom down with access to full bath
Gorgeous waterfall natural stone kitchen island
Additional den/flex-room
Primary suite with tray ceilings, double-sided fireplace, and sitting area
Sports fan’s dream media room with 110-inch projector plus 2 additional wide-screen TVs
Covered back porch with summer kitchen and fire pit, plus turfed backyard
Driveway access to a 2-car front-entry attached garage
Additional driveway and pad parking in front
Zoned to Love Elementary

Houston Heights
Prairie/Craftsman bungalow, c. 2015 by The Contemporary Craftsman
Original List Price: $1,550,000
Days on Market: 39

*****

Going, Going, Gone!

SOLD

1132 W Gardner: $605,000

Norhill Historic District
Craftsman bungalow, c. 1925
2/2, 1176 sq ft on 5000 sq ft lot
Price at Time of Contract: $575,000
List to Sell Ratio: 105%
Original List Price: $575,000
Days on Market: 5
Title Paid By: Seller
Seller Contribution to Buyer Closing Costs: $4,000

*****

SOLD

1122 W Gardner: $735,000

Norhill Historic District
Gable front bungalow, c. 1926
3/2, 1489 sq ft on 5000 sq ft lot
Price at Time of Contract: $735,000
List to Sell Ratio: 100%
Original List Price: $735,000
Days on Market: 3
Title Paid By: Seller
Seller Contribution to Buyer Closing Costs: $2,000

*****

SOLD

1708 Ashland: $860,000

Bell Heights
New Orleans inspired, c. 2015, by Rohe & Wright
3/3/1, 2453 sq ft on 1696 sq ft lot
Price at Time of Contract: $869,000
List to Sell Ratio: 99%
Original List Price: $869,000
Days on Market: 116
Title Paid By: Seller

******

SOLD

832 Allston: $880,000

Houston Heights
Queen Anne bungalow, c. 1920
3/2/1, 2189 sq ft on 6600 sq ft lot
Price at Time of Contract: $899,000
List to Sell Ratio: 98%
Original List Price: $899,000
Days on Market: 8
Title Paid By: Seller
Seller Repairs: $6,000

*****

SOLD

1214 Ashland: $960,000

Heights West Historic District
American Foursquare, c. 2004 by Choice Homes
4/3, 2436 sq ft on 3829 sq ft lot
Price at Time of Contract: $935,000
List to Sell Ratio: 103%
Original List Price: $935,000
Days on Market: 5
Title Paid By: Seller
Seller Repairs: $9,000

*****

1714 Ashland Street #106 — Presented by Happen Houston

SOLD

1714 Ashland #106: $980,000

Bell Heights
Mid-rise Condo, c. 1957, redeveloped in 2016 by Rohe & Wright
2/2, 2032 sq ft living area
Price at Time of Contract: $995,000
List to Sell Ratio: 98%
Original List Price: $995,000
Days on Market: 236
Title Paid By: Seller
Seller Repairs: $1,765

******

SOLD

501 E 12th St: $996,000

Heights East Historic District
Queen Anne bungalow, c. 1920
3/2/1, 2116 sq ft on 5869 sq ft lot
Price at Time of Contract: $985,000
List to Sell Ratio: 101%
Original List Price: $950,000
Days on Market: 19
Title Paid By: Seller
Seller Repairs: $1,800

*****

But wait, there’s more…

This is just the latest and greatest; however, there are still lots more on my list that you can check out here:

BBBB: Still on my list!

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