Hello BBBB Friends:
It was a slow week for new listings so I have a short list for you today featuring just 3 homes. Remember to explore price reductions, new contracts, and final sales for homes that are Still on My List. Scroll down to see all of these changes.
DO ELECTIONS IMPACT THE REAL ESTATE MARKET?
With the election upon us, many wonder how elections impact the real estate market. Historically, home sales can experience a temporary slowdown as both buyers and sellers pause, waiting for political clarity. Part of this decline is seasonal—October and early November often see a natural dip in activity. However, BTIG Research compared election and non-election years since 1963 and found that fall sales dropped more sharply in election years (15%) versus non-election years (9.8%). The good news? Markets usually bounce back quickly. Analyses of elections since 1993 show a post-election rebound in 9 out of the last 11 election cycles (with 1981 and 1989 as exceptions). For more insights, my post, “Q&A: How Do Presidential Elections Impact the Housing Market?” provides details on interest rates and buyer confidence, while another post explores why “home sales typically rebound after election season”. Dive deeper into these trends by reading more here and 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
*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).
** Still On My List is a compilation of those homes I’ve reviewed previously that have yet to sell.
The Week’s Featured Properties
- Norhill Historic District
- Craftsman bungalow, c. 1930
- 2/1, 1,118 sq ft home on a 5,000 sq ft lot
- Updated kitchen and bath
- Open-concept living, dining, and kitchen
- New hardwood flooring in living areas, original hardwoods in bedrooms
- A small flex room connects to the primary bedroom and kitchen
- Secondary bedroom with built-in Murphy bed
- Low-maintenance turfed backyard and stone patio
- Driveway access to a 2-car garage
- Curbed street
- Browning Elementary School
In addition to renovating the kitchen and opening the living areas, recent updates include a new roof and PEX plumbing. The oversized 2-car garage was added in 2021. Walk to nearby restaurants on Studewood and 11th Streets.
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1016 W Cottage: $750,000
- Norhill Historic District
- Craftsman bungalow, c. 1925
- 3/2, 1570 sq ft home on a 5,000 sq ft lot
- Updated kitchen and baths
- Low-maintenance concrete floor front porch
- Original hardwood floors and plantation shutters throughout
- Island kitchen with glass front and floating shelves, lots of counter space, and cabinetry
- Backyard with large wood deck and grass
- Gated driveway access to 2-car detached garage
- Curbed street
- Browning Elementary School
Walk to nearby restaurants on Studewood and 11th Streets. Updates by the seller include a new driveway gate, new roof, and interior and exterior paint.
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519 Railey: $1,490,000
- Burrell (east of Norhill, north of Pecore)
- Contemporary, c. 2024 by IF Construction
- 5/4/1, 3399 sq ft home on a 3900 sq ft lot
- 12′ ceilings down and European White Oak flooring throughout
- First-floor office/study
- First-floor secondary bedroom with access to a full bath
- Island kitchen with Thermador appliances, 48″ range, built-in buffet, floating shelves, and stained white oak island
- Matching stained white oak built-ins with floating shelves in the family room
- Retractable glass doors connect the dining room to the covered back porch with an outdoor kitchen
- Expansive primary suite with vaulted ceilings
- Upstairs game room/family room with vaulted ceiling, connecting all bedrooms
- The backyard is a small green space; however, there is plenty of fenced greenspace in front (fence to be installed)
- Driveway access to a 2-car front-entry attached garage
- Curbed street
- Travis Elementary School
The home faces Tabor Street, and the address will likely be reassigned to a Tabor Street address. Railey dead-ends beside the house, creating a flexible area perfect for parking, pick-up ball games, or bike riding for small children.
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This Week’s Price Reductions & Status Updates
PRICE REDUCED
1118 W Cottage: $1,149,000 was $1,150,000
- Norhill Historic District
- Craftsman Bungalow, c. 1930
- 4/3, 2088 sq ft on a 5000 sq ft lot
- Expanded/remodeled 2023-2024
- Wide-plank engineered wood flooring
- Raised ceiling in living areas
- Dining room with cove lighting and wet bar
- Expanded primary suite with cove lighting and walk-in closet
- Garage APT (494 sq ft, 1 bedroom, full kitchen and bath)
- Driveway access to 1-car detached garage
- Curbed street
- Zoned to Browning Elementary
Add a front fence to create an enclosed green space. Just five houses off Studewood, it’s an easy walk to restaurants around 11th and Studewood.
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PRICE REDUCED
2415 Cortlandt Street: $1,545,200 was $1,645,200
- Milroy Place
- Traditional, c. 2015 by Smith Family Homes
- 3/3/1, 4,113 sq ft home on a 5,300 sq ft lot
- 11′ ceilings throughout
- Home study/library
- Formal dining room with herringbone inlay hardwoods
- Double quartz islands in the kitchen with top-of-the-line appliances, including a 48″ Sub Zero refrigerator and breakfast area
- Mudroom has built-in wine storage
- Open flex area upstairs plus separate game room
- All bedrooms with ensuite baths
- Primary bedroom with ensuite bath, mega-closet, and private balcony
- Sideyard with covered tile porch, wood deck with pergola, and landscaped green space
- Side driveway access to 2-car attached garage
- Curbed street
- Helms Elementary School
It has great curb appeal, and Halbert Park is just two blocks away if you need more play space.
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OPTION PENDING
307 Cordell: $485,000
- Brooke Smith
- Queen Anne, c. 1930
- 2/2, 1,162 sq ft home on a 5,000 sq ft lot
- Original List Price: $485,000
- Days on Market: 5
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OPTION PENDING
501 W 10th St: $1,050,000
- Houston Heights
- Queen Anne Bungalow, c. 1925
- 3/2.5, 1,711 sq ft home on a 7,380 sq ft lot
- Original List Price: $1,050,000
- Days on Market: 6
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Going, Going, Gone!
SOLD
- Houston Heights
- Modern Craftsman c. 2016 by Mazzarino Construction
- 4/4/1, 3544 sq ft on a 3750 sq ft lot
- Price at the Time of Contract: $1,099,000
- List to Sell Ratio: 98%
- Original List Price: $1,099,000
- Days on Market: 18
- Title Paid By: Seller
- Seller Contribution to Buyer Closing Costs: $15,000
******
SOLD
1019 Allston: $1,150,000
- Houston Heights
- Modern Craftsman c. 2014 by Allegro
- 3/2/1, 3024 sq ft on 4400 sq ft lot
- Price at the Time of Contract: $1,150,000
- List to Sell Ratio: 100%
- Original List Price: $1,150,000
- Days on Market: 5
- Title Paid By: Seller
- Seller Contribution to Buyer Closing Costs: 7,275
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SOLD
725 W Cottage: $1,225,000
- Norhill Historic District
- Bungalow, c. 1920
- 4/3, 2500 sq ft on a 5616 sq ft lot
- Price at the Time of Contract: $1,299,000
- List to Sell Ratio: 94%
- Original List Price: $1,299,000
- Days on Market: 42
- Title Paid By: Seller
- Seller Contribution to Buyer Closing Costs: $12,250
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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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