Preload Spinner

Becky's Best Bungalow Bets for Dec 12, 2021: Short List + Heights Market Update

BACK

Becky's Best Bungalow Bets for Dec 12, 2021: Short List + Heights Market Update

125 North st

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 HOMESNOV 2021NOV 2020CHANGE
ACTIVE LISTINGS199302-34.1%
SALES9087 3.4%
AVG SALES PRICE$738,611$670,839 10.1%
MEDIAN SALES PRICE$655,000$560,000 17.0%
AVG DAYS ON MARKET4556 -19.6%
MEDIAN DAYS ON MARKET2923 26.1%
CLOSE PRICE TO LIST PRICE RATIO98.4%98.9% 0.0%
Note: Median represents the “middle” number and gives a better representation of central tendency than average. For example, the median sales price is the figure at which half of the homes sold for more and half sold for less. Source: HAR

SOLD TO LIST PRICE RATIO ANALYSIS-NOVEMBER 2021

DAYS ON MARKETALL0-78-3030+
HOMES SOLD90312237
AVERAGE SALES PRICE/LIST PRICE RATIO (SP/LP)98.3%100.0%97.6%97.5%
SP/LP RANGE91-111%93-111%92-102%91-101%
The table represents Heights single-family home sales in Nov 2021. There is an average 30 day lag between contract and sales date so consider that many of the sales represented here went under contract in Oct 2021. Source: HAR

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
Presented by Martha Turner Sotheby’s

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.

******

125 North St
Presented by Compass Real Estate

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.

******

1243 Tulane
Presented by Keller Williams Metro

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.

******


This Week’s Price Reductions & Status Updates

1026 Adele
Presented by Mark Dimas Team

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.

******

Presented by Coldwell Banker Realty

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

******

704 E 10th
Presented by Martha Turner Sotheby’s

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

******

307 E 25th
Presented by Keller Williams

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!

1028 W Gardner
Presented by Circa Real Estate

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

******

701 Ridge
Presented by Compass RE

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

******

1001 Fugate
Presented by Martha Turner Sotheby’s

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

******

Presented by Martha Turner Sotheby’s

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
Presented by Compass Real Estate

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

******


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!

If you don’t already receive my weekly digest for BBBB:


Sell Your Home Faster For More $$$ With Compass Concierge