Hello BBBB Friends:
Happy Father’s Day! I have selected four new listings to preview for you today. Keep scrolling down to see status changes, including price changes, new contracts, and final sales for homes that are Still on My List!
HEIGHTS REAL ESTATE MARKET UPDATE FOR MAY 2023
Home sales, while still substantially below the record numbers achieved in 2022, were up in May, along with prices. The path to achieving a balanced market has been full of ups and downs, largely influenced by fluctuating mortgage rates. However, buyer demand remains strong, as indicated by the fact that homes are selling, on average, for the full list price of 100%. This demonstrates the continued interest and eagerness of buyers in the market.
On the flip side, sellers are hesitant to list their homes due to several factors. One reason could be that they have low-interest rates on their current homes, which are lower than the current market rates. This situation makes them less motivated to sell and potentially face higher interest rates on a new property. Additionally, the lack of available desirable housing options may discourage sellers from taking the leap.
As a result, the current market landscape reflects a delicate balance between strong buyer demand and seller hesitation. Let’s look at the numbers for May!
FOR THE FULL MARKET UPDATE WITH STATISTICS, CLICK HERE
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, 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
1102 Adele: $675,000
- Stude (south of E. Sunset Heights)
- Craftsman bungalow, c. 1919
- 3/2/1, 1841 sq ft on a 5000 sq ft lot
- Expanded/updated in 2012
- Wraparound porch
- Classic Craftsman stained wood trim
- Formal living room, dining room plus family room
- Flex space off the living room
- Chef’s kitchen with Viking range, tons of counter space and storage
- Front and side yards provide green space
- Gated access to 2 off-street parking spaces
- Corner lot (Norhill side is curbed)
- Zoned to Field Elementary
The wrap-around porch is an uncommon addition to a classic Craftsman bungalow. I love the double-clipped gable roof. The original property is a 10,000 sq ft lot but is being subdivided (lot also for sale for $475,000). The side deck partially visible on the left in the above picture will be removed.
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715 Peddie: $864,000
- Ridgewood
- Craftsman bungalow, c. 1930
- 3/2, 1505 sq ft on 5600 sq ft lot
- Renovated/updated 2010
- Small landscaped yard with patio
- Garage APT (579 sq ft, one bedroom, full bath and kitchen)
- Gated driveway access to a 2-car detached garage
- Curbed street
- Zoned to Field Elementary
The gorgeous mature pecan tree in front enhances this charming Craftsman bungalow’s overall charm and visual appeal.
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1033 Tulane: $975,000
- Houston Heights
- Greek Revival, c. 2014 by Lucia’s Oaks
- 3/2/1, 2418 sq ft on a 3300 sq ft lot
- Double gallery front porches
- Home office/study
- Built-in kitchen banquette and island seating
- Covered back porch with herringbone brick patio (minimal green space)
- Garage APT (420 sq ft, efficiency, kitchenette & full bath)
- Alley access to 2-car detached garage
- Front parking pad
- Zoned to Love Elementary
Conveniently located just a few blocks from the Hike & Bike Trail. Also close by, you’ll find various dining options, including Lola, Dish Society, and Eight Row Flint at Yale & 11th Street.
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1034 E 7th St: $1,500,000
- Norhill (South of 11th St/Pecore)
- Dutch Colonial Revival, c. 1922
- 4/4, 3672 sq ft on 8580 sq ft lot
- Kitchen and primary bath updates
- 3 fireplaces
- 4th bedroom or home office down w/access to full bath
- Home office/study upstairs
- Whole home generator
- Screened-in back porch plus raised deck
- POOL/spa with concrete surround
- Landscaped front and side yards provide green space
- Driveway access to 2-car detached garage
- Front parking pads
- Zoned to Travis Elementary
Centrally located within walking distance of Stude Park, the Hike and Bike Trail, and restaurants on White Oak and Studewood.
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This Week’s Price Reductions & Status Updates
PRICE REDUCED
908 Louise: $559,900 was $569,900
- Pineridge (South of East Sunset Heights)
- Bungalow, c. 1940
- 3/2, 1704 sq ft on a 3500 sq ft lot
- Renovated in 2014
- Top-down window coverings w/blackout shades
- Primary suite with large walk-in closet
- Utility room with sink & storage
- Xeriscaped front yard, and a back area with low-maintenance pavers
- Gated access to an attached carport
- Curbed street
- Zoned to Field Elementary
Located on a charming, tree-lined block of the Pineridge subdivision south of Sunset Heights, featuring a combination of new construction and original early-1900 homes. Stroll to neighborhood favorites, Houston Dairymaids, and Golden Seafood.
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PRICE REDUCED
1114 Algregg: 775,000 was $795,000
- 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,
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OPTION PENDING
835 W Cottage: $615,000
- Norhill Historic District
- Brick bungalow, c. 1920
- 2/1, 1238 sq ft on a 6157 sq ft lot
- Original List Price: $615,000
- Days on Market: 1
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OPTION PENDING
244 W 24th St: $833,000
- Houston Heights
- Colonial Revival, c. 2023 by Southern Green Builders
- 3/2/1, 2528 sq ft on a 3275 sq ft lot
- Original List Price: $839,000
- Days on Market: 118
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OPTION PENDING
426 W 24th St: $899,000
- Houston Heights
- Front-entry Victorian, c. 2015 by Mazzarino
- 3/2/1, 2766 sq ft on a 3275 sq ft lot
- Original List Price: $899,000
- Days on Market: 5
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OPTION PENDING
410 Arlington: $998,000
- Houston Heights
- Greek Revival, c. 2016 by Concord Builders
- 4/4/1, 3568 sq ft on 3300 sq ft lot
- Original List Price: $1,025,000
- Days on Market: 50
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PENDING CONTINUE TO SHOW
3113 Norhill: $1,285,000
- Norhill (South of 11th St/Pecore)
- American Four Square, c. 1920
- 3/3/1, 3020 sq ft on 5350 sq ft lot
- Original List Price: $1,285,000
- Days on Market: 7
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OPTION PENDING
1303 Ashland: $2,250,000
- Heights West Historic District
- Queen Anne c. 2015 by Whitestone
- 4/3/2, 5073 sq ft on 8798 sq ft lot
- Original List Price: $2,250,000
- Days on Market: 5
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Going, Going, Gone!
SOLD
536 W 23rd St: $799,000
- Houston Heights
- Victorian, c. 2011 by Sullivan Builders
- 3/2/1, 2232 sq ft on 3275 sq ft lot
- Price at Time of Contract: $845,000
- List to Sell Ratio: 95%
- Original List Price: $845,000
- Days on Market: 69
- Title Paid By: Seller
- Seller Contribution to Buyer Closing Costs: $1,000
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SOLD
618 E 8th St: $890,000
- Houston Heights
- Victorian inspired, c. 1989
- 3/2, 1900 sq ft on a 6595 sq ft lot
- Price at Time of Contract: $799,000
- List to Sell Ratio: 111%
- Original List Price: $799,000
- Days on Market: 6
- Title Paid By: Buyer
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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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