Hello BBBB Friends:
I always kid that Houston has a handful of beautiful weather days a year but this whole week has been close to perfect. So perfect that we had the highest number of new listings to come online since September of last year. We can also hope that folks were cleaning and sprucing over spring break to launch another bumper crop of listings next week. I am featuring 5 new listings this week, but be sure to keep scrolling down for price improvements, new contracts, and final sales for those homes that are Still on My List.
HEIGHTS REAL ESTATE MARKET UPDATE-FEBRUARY 2022
According to HAR Chair Jennifer Wauhob, “Last year’s freeze may have distorted the February sales figures, but the fact remains, home sales throughout Houston continue to trend upward despite the challenges posed by limited inventory, record-setting pricing and rising interest rates. “We are watching closely to see how the local housing market may be affected this month by surging oil prices and some of the other economic fallout of the Russia-Ukraine conflict.” So stay tuned!
Key findings for the Heights:
- In February, the number of active single-family listings in the Heights declined 37% over the previous February yet sales were up 52%. Recall that last February, a deadly Texas freeze halted real estate activities for days, and in some cases, even longer, depressing the number of sales.
- Year-over-year average sales prices in February remained static.
- For homes that sold in January, 43% went under contract within the first seven days and 54% sold during the first 30 days on market. The average ‘Close to List Price Ratios’ for these sales were 102% and 97% respectively.
- January’s award for highest over-list price sale goes to 1102 W 15th St: a 2,122 sq ft, 3-story with primary on 3rd, on a 1900 sq ft lot. It sold for $539,500, 10% over the list price.
HEIGHTS* KEY MARKET INDICATORS
| SINGLE-FAMILY HOMES | FEB 2022 | FEB 2021 | CHANGE |
| ACTIVE LISTINGS | 137 | 216 | -36.6% |
| SALES | 82 | 54 | 51.9% |
| AVG SALES PRICE | $699,158 | $697,237 | 0.3% |
| MEDIAN SALES PRICE | $625,000 | $611,250 | 2.2% |
| AVG DAYS ON MARKET | 69 | 80 | -13.8% |
| MEDIAN DAYS ON MARKET | 36 | 55 | -34.5% |
| CLOSE PRICE TO LIST PRICE RATIO | 98.7% | 98.7% | 0.0% |
SOLD TO LIST PRICE RATIO ANALYSIS-FEBRUARY 2022
| DAYS ON MARKET | ALL | 0-7 | 8-30 | 30+ |
| HOMES SOLD | 82 | 35 | 9 | 38 |
| AVERAGE SALES PRICE/LIST PRICE RATIO (SP/LP) | 98.4% | 102.2% | 97.0% | 95.3% |
| SP/LP RANGE | 77.1-110.1% | 97.1-110.1% | 92.3-100.0% | 77.1-100.4% |
Have a great week 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
722 Ashland: $895,000
- Houston Heights (Ashland Trails)
- Greek Revival c. 2015 by Sullivan Builders
- 3/2/1, 2304 sq ft on 3300 sq ft lot
- LEED Certified
- Double gallery front porches plus balcony off primary bedroom
- Study on 1st floor
- Screened-in back porch ❤️
- Turfed greenspace between house and garage
- Alley access to 2 car detached garage
- Additional gravel parking pads along this street
- Zoned to Love Elementary
Tulane and Ashland Trails are neighborhoods of Creole-style homes built by Sullivan Brothers. The Hike and Bike trail runs immediately to the south of the development, and, it’s located just blocks from Heights Mercantile, Donovan Park, and M-K-T.
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606 E 10th St: $950,000
- Houston Heights
- Farmhouse style c. 1999
- 3/2/1, 2721 sq ft on 3929 sq ft lot
- Bath and kitchen renovation by Lucas Craftsman
- Formal living and family rooms
- Covered back porch plus turfed greenspace
- Alley access to 2 car detached garage
- Zoned to Harvard Elementary
If the backyard pics are confusing, it is because this is an odd-shaped lot. The beautiful backyard space runs behind the house next door to the corner.
******
833 Arlington: $1,399,000
- Heights South Historic District
- Brick bungalow c. 1920
- 4/4/1, 3708 sq ft on 6600 sq ft lot
- Expanded and renovated 2018-2019
- Primary bedroom and study on 1st floor
- 3 secondary bedrooms up
- Back patio plus xeriscape landscaping
- Alley access to 2-car detached garage
- Parking pad in front
- Zoned to Harvard Elementary
Great walkability. Easy access to Donovan Park, Hike and Bike Trail, restaurants, and amenities on White Oak, Studewood and 11th Streets.
******
1618 Arlington: $1,649,900
- Heights East Historic District
- Modified Greek Revival built 2006 by Allegro Builders
- 5/3/1, 4245 sq ft on a 6600 sq ft lot
- Double gallery porches
- Recently remodeled Chef’s kitchen
- Master suite down, 4 secondary bedrooms up
- Back courtyard with pavers, greenspace is in front
- Garage APT (Efficiency, 506 sq ft, full bath, no kitchen)
- Alley access to 2 car detached garage
- Curbed street provides additional parking plus additional front parking space
- Zoned to Field Elementary
This is arguably one of the nicest blocks in the Heights. Walk or ride your bike to the Heights esplanade and jogging trail as well as 19th St shopping and dining.
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3007 Norhill: $1,695,000
- Norhill (south of 11th)
- Craftsman style recent construction by Aspire Fine Homes c. 2019
- 4/3/1, 4079 sq ft on a 5350 sq ft lot
- Chef’s kitchen with high-end Bertazzoni stove
- All bedrooms up plus game room/sitting area
- Gorgeous wide plank oak flooring throughout
- Small yard/green space
- Driveway access to 2 car detached garage
- Porte cochere for additional covered parking
- Curbed street provides additional parking
- Zoned to Travis Elementary
Awesome location on the Norhill Esplanade. Just around the corner from Antidote, Sonoma, Ritual and more.
******
This Week’s Price Reductions & Status Updates
PRICE REDUCED
514 W Cottage: $845,000 was $875,000
- Brooke Smith
- Pediment bungalow c. 1928
- 4/3, 2292 sq ft on 5000 sq ft lot
- Expanded/renovated in 2018
- Primary suite and 1 secondary bedroom down
- 2 secondary bedrooms up
- Back deck
- Fenced front yard for green space
- Driveway access to 1 car garage
- Gated driveway access to 1 car carport
- Zoned to Travis Elementary
Located in a small section of Brooke Smith that is south of Main St and east of the Norhill Historic District. Close to neighborhood favorites Pinkerton’s BBQ, Spanish Flowers & Hughie’s, and of course, Shipley’s Do-Nuts. 😋
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PRICE REDUCED
727 Euclid: $1,185,000 was $1,200,000
- Woodland Heights Historic District
- Prairie style home c.1995
- 3/3/1, 1964 sq ft on 5000 sq ft lot
- Updated kitchen and baths
- Manicured front lawn provides green space
- Garage APT (480 sq ft, efficiency, full bath, no kitchen)
- Covered back porch with beadboard ceiling
- POOL w/ wood and tile back deck
- Driveway access with auto-gate to 2 car detached garage
- Curbed street provides additional parking
- Zoned to Travis Elementary
If you want a front-row seat to “Lights in the Heights” this may be the home for you. Euclid Street is a popular choice for the bi-annual event. Even without an event, this is a great porch for hanging out and greeting neighbors
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2701 Nicholson: $615,000
- Houston Heights
- Queen Anne bungalow c. 1999
- Original List Price: $615,000
- Days on Market: 7
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OPTION PENDING
737 Ashland: $745,000
- Houston Heights
- Victorian c. 2005
- 3/2/1, 2012 sq ft on 3300 sq ft lot
- Original List Price: $745,000
- Days on Market: 4
******
OPTION PENDING
1421 Columbia: $890,000
- Heights East Historic District
- Hipped-roof bungalow c. 1930
- 3/3, 2225 sq ft on 6600 sq ft lot
- Original List Price: $890,000
- Days on Market: 4
******
OPTION PENDING
725 Harvard: $1,100,000
- Heights South Historic District
- Queen Anne c. 1909
- 2/2/1, 2470 sq ft on 9900 sq ft lot
- Original List Price: $1,100,000
- Days on Market: 4
******
OPTION PENDING
527 Harvard: $1,399,000
- Heights South Historic District
- Cottage circa 1920
- 4/3/1, 2900 sq ft on 6600 sq ft lot
- Original List Price: $1,399,000
- Days on Market: 6
******
OPTION PENDING
2902 Morrison: $1,950,000
- Woodland Heights
- Modern Craftsman home built 2006 by Pyramid Builders
- 4/3/1, 4610 sq ft on an 8625 sq ft lot
- Original List Price: $1,950,000
- Days on Market: 50
******
Going, Going Gone!
SOLD
1119 E 16th St: $637,000
- Norhill Historic District
- Craftsman bungalow c. 1928
- 2/2, 1122 sq ft on 5000 sq ft lot
- Price at Time of Contract: $589,000
- List to Sell Ratio: 108%
- Original List Price: $589,000
- Days on Market: 1
******
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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