Hello BBBB Friends:
In a delightful holiday surprise, interest rates dipped below 7% this week. To add to the festive cheer, the Federal Reserve decided not to increase the Fed funds rate and even hinted at the possibility of up to 3 rate cuts in the upcoming year. The Mortgage Bankers Association has recently forecasted that 30-year mortgage interest rates may reach 6% by the end of the next year. Looking ahead more optimistically, Mortgage News Daily suggests that mortgage rates could potentially dip below 5% next year if inflation continues on its current trajectory. 🎁🎉
Today, I’m featuring 3 new listings. Also, I have a number of price reductions, new contracts and final sales for those homes that are Still on My List, so keep scrolling down!
BY THE NUMBERS FOR NOVEMBER 2023
- The median selling price for a single-family home in the Heights dipped by 4.7% to $732,500, compared to the previous year. The average sales price for November was $856,448, a 13.7% decrease over the prior year but only 6.6% less than October 23.
- Homes are still taking longer to find buyers, with an average time on the market of 55 days. However, the median time on the market dropped to 17 days in November.
- The list-to-sale price ratio remains consistently strong, ranging between 99% and 100%.
Have a great week, and,
Let’s look at houses or talk about selling yours!
Becky Davis
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Information About Brokerage Services
TREC Consumer Protection Notice
Becky Davis
Compass Realty
832-628-8221
*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
808 W Melwood: $625,000
- Norhill Historic District
- Craftsman bungalow c. 1930
- 2/1, 1366 sq ft on a 5512 sq ft lot
- Updated kitchen and bath
- Home office/flex room
- Backyard with patio and green space
- Gated driveway access to 1-car detached garage
- Curbed street
- Zoned to Browning Elementary
Listed earlier this year, the home has undergone a facelift with interior and exterior paint and is now staged. The home is located just a stone’s throw away from Proctor Plaza Community Center and Park, where you’ll find lighted tennis courts, a playground, and an outdoor pavilion.
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412 Arlington: $949,990
- Houston Heights
- Greek Revival built in 2014 by Concord Builders
- 3/3/1, 3568 sq ft on a 3300 sq ft lot
- All bedrooms have en-suite baths ❤️
- Game room on 3rd floor
- Covered walkway between house and garage ☂️
- Small green space with pet-friendly artificial grass
- Alley access to 2-car detached garage
- Pad parking spaces in front
- Zoned to Harvard Elementary
Super convenient location. Easy access to I-10 plus walk/bike to restaurants on White Oak as well as the Hike and Bike Trail.
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2016 Harvard: $1,780,000
- Houston Heights
- Modern farmhouse, c. 2015 by Renovo Homes
- 4/4, 3752 sq ft on a 6,600 sq ft lot
- 5th bedroom or home office downstairs with access to full bath
- Nicely trimmed with wainscoting, crown moldings, built-ins and ceiling treatments
- Primary suite with sitting area, spa bath and large closet
- Flex room on the second floor
- Large covered back porch and backyard with open green space
- Porte-cochere with access into the house
- Gated driveway access to 2-car detached garage
- Curbed street
- Zoned to Field Elementary
Pretty tree-lined curbed and guttered block with a combination of mostly updated bungalows and recent construction. Located within blocks of the Heights Esplanade and restaurants and amenities along 20th and 19th Streets.
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This Week’s Price Reductions & Status Updates
PRICE REDUCED
2231 Singleton: $750,000 was $760,000
- Houston Heights (Gostick)
- Craftsman bungalow, c. 1920
- 2/2, 1064 sq ft on a 5000 sq ft lot
- Renovated in 2017
- Open-concept family, dining, and kitchen
- Backyard with POOL, patio, and green space
- Garage APT (500 sq ft, one bedroom, kitchenette & full bath)
- Gated driveway access to 2-car detached garage
- Extended driveway parking
- Zoned to Field Elementary
The garage and garage apartment were built in 2020. The pool was added in 2019. (Bonus: Just a short stroll away, Chilosos is a go-to breakfast spot in the Heights.)
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PRICE REDUCED
1001 Le Green: $825,000 was $849,000
- Norhill Historic District
- Pediment Bungalow c. 1930
- 3/2, 1872 sq ft on a 5000 sq ft lot
- Renovated in 2018
- Nicely appointed island kitchen
- Primary suite with sitting area and walk-in closet
- Graveled patio and small green space
- Gated driveway access to 2-car detached garage
- Curbed street, corner lot
- Zoned to Field Elementary
Close to Main Street. Walk to neighborhood favorites Hughie’s Vietnamese, Neve Ice Cream, Pinkerton’s BBQ and Spanish Flower.
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PRICE REDUCED
431 Arlington: $1,199,900 was $1,249,900
- Heights South Historic District
- Pyramid roof bungalow, c. 1920
- 3/2/1, 2955 sq ft on a 6600 sq ft lot
- Expanded/renovated in 2014 by Square Stone Homes
- Formal living/dining plus great room
- Primary suite and study on the second floor
- Two secondary bedrooms down with a shared bath
- Double gallery rear porches
- Yard with pool potential
- Garage APT (550 sq ft, efficiency, full kitchen and bath, built-in 2022)
- Gated driveway access to a 2-car attached/detached garage
- Long driveway provides additional parking
- Zoned to Harvard Elementary
Convenient location with easy access to I-10 plus walk/bike to White Oak restaurants, Donovan Park, Harvard Elementary & Heights Mercantile.
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PRICE REDUCED
1009 W 13th St: $1,339,000 was $1,449,000
- Houston Heights Annex
- Contemporary/Modern, c. 2023 by Zeppelin Realty, LLC
- 4/3/1, 3560 sq ft on a 6250 sq ft lot
- Soaring two-story and coffered ceilings down
- Island kitchen with Bosch appliances
- 1st-floor primary suite with tray ceiling and large double closets
- Expansive millwork and coffered ceilings in the dining room
- Open game room or second living area up
- Covered lanai with a sizeable backyard
- Driveway access to a 2-car front-entry garage
- Additional driveway parking
- Zoned to Love Elementary
This home is located across the street from Love Park. Love Park has tons of amenities including, a large pool with swim lanes, a basketball pavilion, a playground, and a .2-mile hike and bike trail.
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PRICE REDUCED
1535 Rutland: $1,795,000
- Heights West Historic District
- Queen Anne home, c. 1905
- 5/5, 3510 sq ft on a 8800 sq ft lot
- Classic wrap-around porch
- Expansion/renovation by Back40Builders completed in 2023
- Office or 5th bedroom down with ensuite bath
- Chef’s kitchen with Viking appliances and waterfall island with seating
- Primary bedroom with vaulted ceiling and sitting area, combined shower/tub spa, and large walk-in closet
- All bedrooms have ensuite baths
- Office/study on second floor
- Garage APT (598 sq ft, efficiency, full bath, mini-split AC, plumbed for kitchen)
- Porte-cochere with access to the house
- Gated driveway access to a 2-car detached garage
- Curbed Street
- Zoned to Love Elementary
Newly completed, to-the-studs renovation on a lovely tree-lined street with curbs and gutters. Centrally located: walk to restaurants and amenities on 19th St, 11th or Yale as well as Milroy Park and the library.
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PRICE REDUCED
632 Harvard: $2,140,000 was $2,190,000
- Heights South Historic District
- Mediterranean, c. 2010
- 3/2/1, 3868 sq ft on a 13,200 sq ft lot
- Double gallery front porches
- Updated kitchen and baths
- All bedrooms plus media room on 2nd floor
- Expansive yard and outdoor decks
- Heated POOL with rock waterfall and spa
- GUESTHOUSE (1598 sq ft, 2-story, 1st-floor living, bedroom, and flex space on 2nd floor, kitchenette, and full bath)
- Alley access to a 3-car detached garage
- Double front driveway
- Zoned to Harvard Elementary
Although Mediterranean-style homes are not prevalent in the Heights, several examples can be found scattered throughout the neighborhood. The current owners of this home have undertaken extensive interior and exterior painting, giving the home a more contemporary appearance.
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OPTION PENDING
712 E 27th St: $650,000
- Sunset Heights
- Bungalow, c 1924
- 3/3, 1743 sq ft on a 5750 sq ft lot
- Original List Price: $699,000
- Days on Market: 77
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OPTION PENDING
723 Euclid: $775,000
- Woodland Heights Historic District
- English bungalow c. 1930
- 3/2, 1427 sq ft on a 5000 sq ft lot
- Original List Price: $824,900
- Days on Market: 77
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PENDING CONTINUE TO SHOW
610 E 25th St: $1,750,000
- Sunset Heights
- Modern 2-story, c. 2023 by Jamestown Estate Homes
- 4/4/1, 4574 sq ft on a 6000 sq ft lot
- Original List Price: $1,850,000
- Days on Market: 77
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PENDING
1134 Bayland: $2,349,000
- Norhill (below Pecore)
- Colonial Revival, c. 2014 by Smith Family Homes
- 4/4/2, 4301 sq ft on 6850 sq ft lot
- Original List Price: $2,990,000
- Days on Market: 117
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OPTION PENDING
748 Arlington: $3,495,000
- Heights South Historic District
- Modern Farmhouse, c. 2001 designed by Jay Baker
- 2/2, 4100 sq ft on a 19,800 sq ft lot
- Original List Price: $3,495,000
- Days on Market: 13
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Going, Going, Gone!
SOLD
1111 Robbie: $430,000
- Stude (south of E Sunset Heights)
- Craftsman bungalow, c. 1940
- 2/1, 768 sq ft on a 5000 sq ft lot
- Price at the Time of Contract: $450,000
- List to Sell Ratio: 96%
- Original List Price: $475,000
- Days on Market: 36
- Title Paid By: Seller
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SOLD
731 Tulane: $960,000
- Tulane Trails
- Greek Revival c. 2018 by Sullivan Builders
- 3/2/1, 2394 sq ft on a 3300 sq ft lot
- Price at the Time of Contract: $960,000
- List to Sell Ratio: 100%
- Original List Price: $960,000
- Days on Market: 7
- Title Paid By: Seller
******
SOLD
1319 Harvard: $975,000
- Heights East Historic District
- Craftsman bungalow c.1910
- 3/2, 1898 sq ft on a 6600 sq ft lot
- Price at the Time of Contract: $990,000
- List to Sell Ratio: 98%
- Original List Price: $990,000
- Days on Market: 20
- Title Paid By: Seller
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SOLD
703 Mosby Circle: $1,500,000
- Sterling Heights
- Victorian-style home, c. 1993 by Sterling Victorian Homes
- 3/2/1, 2924 sq ft on a 10,029 sq ft lot
- Price at the Time of Contract: $1,400,000
- List to Sell Ratio: 107%
- Original List Price: $1,400,000
- Days on Market: 2
- Title Paid By: Seller
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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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