Hello BBBB Friends:
Break out the double-weight cotton, the cold front arrived and it will be a gorgeous day today to be out and about. There were only 11 new listings this week and I have selected 3 to feature today. To see price changes, new contracts and final sales among homes that are Still on My List, keep scrolling down!
HEIGHTS REAL ESTATE MARKET UPDATE-NOVEMBER 2021
Despite the Thanksgiving holiday, single family home sales in November were up 3% in the Heights. Year-to-date sales are up 23% over last year, which is pretty amazing considering inventory levels this year have been their lowest since 2013.
Key findings for the Heights:
- The number of active single family home listings in the Heights declined 34% over the previous November while sales are up just over 3%.
- Year-over-year median sales prices jumped 17% with average sales prices up only 10%.
- For homes that sold in November, 34% went under contract within the first seven days and 59% sold during the first 30 days on market. The average ‘Close to List Price Ratio’ for these sales was 100% and 98% respectively.
- November’s award for highest over-list price sale goes to 1505 Ashland, a tiny 2/1 historic bungalow on a 2900 sq ft lot. It sold for $321,000, 111% over list price.
HEIGHTS* KEY MARKET INDICATORS
| SINGLE-FAMILY HOMES | NOV 2021 | NOV 2020 | CHANGE |
| ACTIVE LISTINGS | 199 | 302 | -34.1% |
| SALES | 90 | 87 | 3.4% |
| AVG SALES PRICE | $738,611 | $670,839 | 10.1% |
| MEDIAN SALES PRICE | $655,000 | $560,000 | 17.0% |
| AVG DAYS ON MARKET | 45 | 56 | -19.6% |
| MEDIAN DAYS ON MARKET | 29 | 23 | 26.1% |
| CLOSE PRICE TO LIST PRICE RATIO | 98.4% | 98.9% | 0.0% |
SOLD TO LIST PRICE RATIO ANALYSIS-NOVEMBER 2021
| DAYS ON MARKET | ALL | 0-7 | 8-30 | 30+ |
| HOMES SOLD | 90 | 31 | 22 | 37 |
| AVERAGE SALES PRICE/LIST PRICE RATIO (SP/LP) | 98.3% | 100.0% | 97.6% | 97.5% |
| SP/LP RANGE | 91-111% | 93-111% | 92-102% | 91-101% |
Have a great week and,
Let’s go look at houses or talk about selling yours!!!
Becky
—
Information About Brokerage Services
TREC Consumer Protection Notice
Becky Davis
Compass Realty
832-628-8221
Thinking of selling? We can front the cost for painting, landscaping, 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
921 W Gardner: $650,000
- Cash subdivision
- Craftsman bungalow c.1930
- 2/2, 1572 sq ft on 4850 sq ft lot
- Updated kitchen, renovated baths
- 2 living areas
- Turfed back yard with back deck
- Driveway access with auto-gate to 1 car detached garage
- Curbed street provides additional parking
- Zoned to Browning Elementary
Cute, updated, move-in ready. The subdivision of Cash is just east of the Norhill Historic District.
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125 North St: $710,000
- Germantown Historic District
- English cottage c. 1920
- 3/4/1, 2642 sq ft on 5000 sq ft lot
- Expanded/renovated in 2015
- Office/study
- All bedrooms down with ensuite baths
- Gameroom/4th bedroom up with full bath
- Front yard provides fenced greenspace
- Driveway access with auto-gate to 2 car detached carport
- Curbed street provides additional parking
- Zoned to Travis Elementary
Need play space? Woodland Park is 2 blocks away and offers a lighted tennis courts, lighted sports field, an indoor gym and outdoor basketball pavilion. Convenient to hike and bike trail.
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1243 Tulane: $799,000
- Heights West Historic District
- Queen Anne bungalow c. 1920
- 3/2, 2162 sq ft on 6600 sq ft lot
- Updated/expanded in 2011 by Bungalow Revival
- Screened-in back porch❤️
- Back yard with pool potential
- Alley access to 2 car detached garage
- Additional parking space in front
- Zoned to Love Elementary
Rare large, single-story bungalow with yard space.
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This Week’s Price Reductions & Status Updates
PRICE REDUCED
1026 Adele: $594,900 was $601,900
- East Sunset Heights area
- Garage-front Neo-Classical built 2018 by Loftech
- 3/2/1, 2571 sq ft on 2500 sq ft lot
- 1st-floor open concept living
- Office space up
- Small greenspace/graveled area in rear
- Front entry 2 car garage
- Curbed street provides additional parking
- Zoned to Field Elementary
This home was purchased in August by Zillow Offers. For comparison, a slightly smaller version of this home located next door, sold in July for $620,000.
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OPTION PENDING
1115 Peddie: 897,500
- Norhill Historic District
- Craftsman bungalow c. 1929
- 3/2, 1661 sq ft on 5,000 sq ft lot
- Original List Price: $925,000
- Days on Market: 98
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OPTION PENDING
704 E 10th St: $985,000
- Houston Heights
- Craftsman bungalow c. 1930
- 3/3/1, 2112 sq ft on 6250 sq ft lot
- Original List Price: $985,000
- Days on Market: 4
******
OPTION PENDING
307 E 25th St: $1,225,000
- Sunset Heights
- Modern Craftsman c. 2015 by Michalson Builders
- 4/4, 3284 sq ft on a 6000 sq ft lot
- Original List Price: $1,225,000
- Days on Market: 9
******
Going, Going Gone!
SOLD
1028 W Gardner: $575,000
- Norhill Historic District
- Craftsman bungalow c. 1926
- 2/2, 1340 sq ft on 5000 sq ft lot
- Price at Time of Contract: $575,000
- List to Sell Ratio: 100%
- Original List Price: $575,000
- Days on Market: 3
******
SOLD
701 Ridge: $550,000
- Woodland Terrace
- Brick bungalow c.1920
- 2/1, 1364 sq ft on 5000 sq ft lot
- Price at Time of Contract: $599,000
- List to Sell Ratio: 92%
- Original List Price: $659,000
- Days on Market: 138
******
SOLD
1001 Fugate: $741,000
- Norhill Historic District
- Brick, Craftsman bungalow c. 1924
- 3/2, 1662 sq ft on 5000 sq ft lot
- Price at Time of Contract: $720,000
- List to Sell Ratio: 103%
- Original List Price: $720,000
- Days on Market: 3
******
SOLD
715 E 10th 1/2 St: $905,000
- Stude Subdivision
- Greek Revival c. 2019 by Lighthill Partners
- 3/3/1, 3100 sq ft on 3125 sq ft lot
- Price at Time of Contract: $925,000
- List to Sell Ratio: 98%
- Original List Price: $950,000
- Days on Market: 75
******
1845 Cortlandt: $1,235,000
- Heights East Historic District
- Greek Revival c. 1994 by Creole Builders
- 3/2/1, 2604 sq ft on 6600 sq ft lot
- Price at Time of Contract: $1,275,000
- List to Sell Ratio: 97%
- Original List Price: $1,275,000
- Days on Market: 3
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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:
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