Hello BBBB Friends:
The number of new listings and new contracts in the Heights for single-family homes doubled over last week. Hallelujah! However, we still have just 1.5 months of inventory. This means that at the average monthly sales pace, all of the currently available properties would be sold in 1.5 months if no new properties were listed. I’m just happy to have more choices this week.
I am featuring 5 new listings, all under $1 million. I also have several price changes, a bunch of new contracts, and two final sales to report from among homes that are Still on My List so be sure to keep scrolling down to see all of the updates.
2022 ECONOMIC FORECAST 🔮
According to a survey of more than 20 top U.S. economic and housing experts by the National Association of Realtors, we should expect slower housing price appreciation, easing inflation, and rising interest rates in 2022:
- Interest Rate Increase Predicted
- 3.27 % Current Interest Rate
- 3.5%-4% Predicted Interest Rate
- Expect Decelerated Rate of Inflation
- 6.8% Inflation Rate in 2021
- 4% Predicted Inflation Rate in 2022
- Slowing Housing Price Appreciation
- 17.4% Price Appreciation in 2021
- 5.7% Predicted Price Appreciation in 2022
Source: NAR Economic Forecast and Mortgage Banker’s Assoc
Have a great week, stay warm and,
Let’s go look at houses or talk about selling yours!!!
Becky
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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
1113 Ashland: $450,000
- Heights West Historic District
- Craftsman bungalow c. 1925
- 2/1, 818 sq ft on 3300 sq ft lot
- Renovated in 2016
- Screened in porch ❤️
- Lovely front garden plus greenspace behind
- Alley access to 1 car detached carport
- Parking pad in front
- Zoned to Love Elementary
This is my cutie patootie pick of the week. It has been cleverly updated to maximize storage and living space.
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1135 Jerome: $719,000
- Norhill Historic District
- Craftsman bungalow c. 1927
- 3/2, 1602 sq ft on 5000 sq ft lot
- Renovated in 2019
- Patio, small backyard and side yard
- Driveway access with auto-gate to 2 car detached garage
- Curbed street provides additional parking
- Zoned to Field Elementary
This is another candidate for cutie patootie pick of the week. Field Elementary is just steps away.
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333 W 16th St: $825,000
- Houston Heights
- Greek Revival c. 2012 by Sullivan Builders
- 3/2/1, 2338 sq ft on 3400 sq ft lot
- Double gallery front porches
- Office or formal living room
- Covered back porch and herringbone brick patio with retractible awning
- Greenspace in front as well as pet patches in the backyard
- Alley access to 2 car detached garage with EV charging station
- Front parking pads for additional parking
- Zoned to Helms Elementary
One of a series of homes on this block by Sullivan Builders. Great central location.
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2411 Arlington: $850,000
- Sunset Heights
- Craftsman-inspired 2-story c. 2013 by Sirius Homes
- 4/3, 2688 sq ft on 3357 sq ft lot
- Office or 4th bedroom down with full bath access
- Attractive Chicago brick features including fireplace surround
- Rooftop deck ❤️
- Fenced front yard with greenspace
- Driveway access with auto-gate to 2 car detached garage, access from side street
- Parking pad in front for 1 car
- Zoned to Helms Elementary
Need additional play space? Halbert Park is just 2 blocks away.
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1226 Nicholson: $999,000
- Houston Heights
- Craftsman-inspired 2-story c. 2022 by Eaton Construction
- 4/3/1, 2925 sq ft on 3300 sq ft lot
- All bedrooms up
- Chef’s kitchen with plenty of counterspace and 36″ range
- Small greenspace behind with cocktail pool potential
- Front-entry 2 car garage
- Driveway provides additional parking
- Zoned to Love Elementary
One of the things I like about this home is that the kitchen isn’t the first thing you see when you walk in the door. It’s tucked away but is still open to the dining/living area. The balcony off the primary bedroom provides a perch for people watching along the Hike and Bike Trail.
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This Week’s Price Reductions & Status Updates
BACK ON MARKET
1131 Winston: $650,000
- Norhill Historic District
- Craftsman Bungalow c. 1925
- 2/2, 1386 sq ft on 5000 sq ft lot
- Older updates
- Flex space
- Covered back porch and small landscaped green space
- Garage APT (624 sq ft, studio, full kitchen & bath, w/d)
- Driveway access with auto-gate to 1 car over-sized detached garage
- Curbed street provides additional parking
- Zoned to Field Elementary
This home features double jerkinhead (clipped) gables for a pretty look. Walk to Teotihuacan, Spanish Flowers, Hughie’s, and other Main St restaurants. Field Elementary is at the end of the block.
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PRICE REDUCED
725 Columbia: $1,149,000 was $1,200,000
- Heights South Historic District
- Craftsman bungalow c.1920
- 3/2, 2976 sq ft on 6600 sq ft lot
- Renovated in 2012
- Open concept living, dining and kitchen
- Primary bedroom up, 2 secondary bedrooms down
- Back yard with pool potential
- Driveway access with auto-gate to tandem 2 car detached garage
- Parking pads in front provide additional parking
- Zoned to Harvard Elementary
Although built in 1920, this is a non-contributing structure in the historic district, most likely due to significant alterations to the original structure. The garage can be accessed from the alley and per the seller, it can support a garage apartment.
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PRICE REDUCED
1229 Tulane: $1,499,990 was $1,599,990
- Heights West Historic District
- Craftsman bungalow c. 1930
- 4/3, 2920 sq ft on a 6336 sq ft lot
- Renovated/expanded in 2014 by Bungalow Revival
- Primary bedroom down
- Office or 4th bedroom w/ensuite bath down
- Screened-in back porch❤️, bricked patio, and small green space
- Garage APT built 2021 (528 sq ft, 1-bedroom, full kitchen & bath)
- Alley access to 2 car attached/detached garage
- Front driveway provides additional parking
- Zoned to Love Elementary
Ceilings painted a darker shade than walls are on-trend, can give a room a cozy, modern feel, and work best in rooms with high ceilings. If you don’t like these colors, paint is an inexpensive update. (Click HERE for a good article on options for painting ceilings.)
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PRICE REDUCED
239 W 16th St: $1,850,000 was $1,895,000
- Heights West Historic District
- Greek Revival c. 2000
- 4/4/1, 4169 sq ft on 6800 sq ft lot
- Renovated 2021
- Double gallery front balconies
- Primary suite down, 3 upstairs bedrooms with ensuite baths
- 3 flex spaces on 2nd floor
- Covered back porch, brick patio and small green space
- Garage APT (816 sq ft, 1-bedroom, full kitchen & bath)
- Alley access to 3 car detached garage
- Curbed street provides additional parking
- Zoned to Helms Elementary
Beautiful renovation. Current owners painted the brick and the difference is stunning.
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OPTION PENDING
825 Key: $450,000
- Norhill Historic District
- Bungalow c. 1924
- 2/1, 1068 sq ft on 5512 sq ft lot
- Original List Price: $450,000
- Days on Market: 4
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PENDING
844 E 24th St: $570,000
- Sunset Heights
- Pediment bungalow c. 1920
- 3/2, 1320 sq ft on 4440 sq ft lot
- Original List Price: $615,000
- Days on Market: 59
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OPTION PENDING
1840 Harvard: $725,000
- Heights East Historic District
- Craftsman Bungalow c.1920
- 3/2, 1484 sq ft on 6600 sq ft lot
- Original List Price: $725,000
- Days on Market: 27
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OPTION PENDING
714 Rutland: $950,000
- Houston Heights
- Greek Revival c. 2007 by Sullivan Builders
- 3/2/1, 2414 sq ft on 5441 sq ft lot
- Original List Price: $950,000
- Days on Market: 2
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OPTION PENDING
418 W 18th St: $1,060,000
- Houston Heights
- Recent construction c. 2014 by Rohe & Wright
- 3/3/1, 3344 sq ft on 3300 sq ft lot
- Original List Price: $1,075,000
- Days on Market: 88
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OPTION PENDING
612 E 8th 1/2 St: $1,389,000
- Houston Heights
- Queen Anne inspired c. 2004
- 3/2/1, 3608 sq ft on 5513 sq ft lot
- Original List Price: $1,389,000
- Days on Market: 48
******
Going, Going Gone!
SOLD
921 W Gardner: $650,000
- Cash subdivision
- Craftsman bungalow c.1930
- 2/2, 1572 sq ft on 4850 sq ft lot
- Price at Time of Contract: $650,000
- List to Sell Ratio: 100%
- Original List Price: $650,000
- Days on Market: 5
SOLD
626 E 13th 1/2 St: $737,500
- Kutschbach (West of Studewood just south of 14th)
- Craftsman bungalow c. 1925
- 3/2, 1730 sq ft on a 6250 sq ft lot
- Price at Time of Contract: $769,900
- List to Sell Ratio: 96%
- Original List Price: $769,900
- Days on Market: 10
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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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