Just Listed 5815 Vestavia Houston TX 77069

Just Listed 5815 Vestavia Houston TX 77069

http://www.har.com/5815-vestavia/sale_85010171

This home exudes the ultimate in luxury and offers a stunning arrangement of amenities both inside and out. Lots of upgrades! This updated home has it all including a brand new metal roof with a lifetime warranty, granite through out the home, fresh paint, carpet, ceiling fans, lighting, plumbing fixtures, exquisite hardwood floors on the first level, master down with a spacious bath area, amazing mature trees, private patio area, sitting on a corner lot, walking distance to the golf course.

Asking $270,000

This is a lot of home for the money in a great area and will not be on the market long!

 

HAR Real Estate Market Update March 2017

HAR Real Estate Market Update March 2017

MLS Report for February 2017
HOUSTON HOME SALES AND PRICING RISE AGAIN IN FEBRUARY

Homes at $250K and up record strongest sales; inventory grows slightly

HOUSTON (March 8, 2017) The Houston real estate market held to positive territory for the second month of 2017, with single-family home sales and pricing both climbing in February. Homes priced at $250,000 and above saw the strongest sales volume, and the luxury market ($750,000 and above) enjoyed a fourth consecutive month of positive sales.

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), a total of 4,933 single-family homes sold in February compared to 4,743 a year earlier. That represents a 4.0 percent increase. Housing inventory grew slightly from a 3.4-months supply to 3.5 months.

“Home buyers were busy throughout the Houston area in February, accounting for particularly strong activity among single-family homes priced at $250,000 and above, as well as in the townhome/condominium market,” noted HAR Chair Cindy Hamann with Heritage Texas Properties. “We need housing inventory to grow a bit more than it has, but we still believe the Houston real estate market is experiencing sustainable sales levels as we wrap up the first quarter of the year.”

The single-family home median price (the figure at which half of the homes sold for more and half sold for less) jumped 7.3 percent to $220,000. That marks the highest median price ever for a February. The average price rose 6.7 percent to $280,175, which also represents a February high.

February sales of all property types in Houston totaled 6,111, up 7.1 percent from the same month last year. Total dollar volume for properties sold in February shot up 13.1 percent to $1.6 billion.

February Monthly Market Comparison

Houston real estate recorded gains in all statistical indicators during the month of February, with single-family home sales, total property sales, total dollar volume and pricing all up compared to February 2016.

Month-end pending sales for single-family homes totaled 6,908, an increase of 13.1 percent compared to last year. Total active listings, or the total number of available properties, rose 7.6 percent from February 2016 to 35,685.

Single-family homes inventory inched up from a 3.4-months supply to 3.5 months. For perspective, housing inventory across the U.S. currently stands at a 3.6-months supply, according to the latest report from the National Association of Realtors (NAR).

CATEGORIES FEBRUARY 2016 FEBRUARY 2017 CHANGE
Total property sales 5,707 6,111 7.1%
Total dollar volume $1,429,474,154 $1,616,113,461 13.1%
Total active listings 33,159 35,685 7.6%
Single-family home sales 4,743 4,933 4.0%
Single-family average sales price $262,546 $280,175 6.7%
Single-family median sales price $204,990 $220,000 7.3%
Single-family months inventory* 3.4 3.5 0.1 mos.
Single-family pending sales 6,106 6,908 13.1%

* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.

Single-Family Homes Update
Single Family

Single-family home sales totaled 4,933, up 4.0 percent from February 2016, when sales volume totaled 4,743. The median price rose 7.3 percent to a February high of $220,000. The average price climbed 6.7 percent to $280,175, also a record high for a February. Days on Market (DOM), or the number of days it took the average home to sell, edged up to 66 days versus 63 last year.

Broken out by housing segment, February sales performed as follows:

  • $1 – $99,999: decreased 21.0 percent
  • $100,000 – $149,999: decreased 15.8 percent
  • $150,000 – $249,999: increased 9.4 percent
  • $250,000 – $499,999: increased 21.1 percent
  • $500,000 – $749,999: increased 19.8 percent
  • $750,000 and above: increased 27.9 percent
Single Family Average Home Price

HAR also breaks out the sales figures for existing single-family homes. Existing home sales totaled 4,063 in February, up 4.9 percent versus the same month last year. The average sales price jumped 10.4 percent to $262,969 while the median sales price rose 9.7 percent to $203,000.

Townhouse/Condominium Update

Townhome and condominium sales soared in February, with 486 units selling versus 415 a year earlier. That represents an increase of 17.1 percent. The average price rose 0.8 percent to $204,397, while the median price jumped 8.0 percent to $162,000. Inventory grew from a 3.3-months supply to 3.8 months.

Townhouse/Condominium Sales
Lease Property Update

The lease market had a positive overall showing in February. Single-family home leases climbed 8.5 percent while townhome/condominium leases were flat. The average rent for single-family homes declined 2.1 percent to $1,652, while the average rent for townhomes/condominiums dropped 3.5 percent to $1,478.

Houston Real Estate Highlights in February
  • Single-family home sales rose 4.0 percent with 4,933 units sold, the second monthly gain of 2017;
  • Total property sales increased 7.1 percent with 6,111 units sold;
  • Total dollar volume jumped 13.1 percent to $1.6 billion;
  • At $220,000, the single-family home median price rose 7.3 percent to a February high;
  • The single-family home average price climbed 6.7 percent to $280,175, which was also the highest level for a February;
  • Single-family homes months of inventory edged up to a 3.5-months supply;
  • Townhome/condominium sales shot up 17.1 percent, with the average price up 0.8 percent to $204,397 and the median price up 8.0 percent to $162,000;
  • Leases of single-family homes rose 8.5 percent with average rent down 2.1 percent to $1,652;
  • Volume of townhome/condominium leases was unchanged with average rent down 3.5 percent to $1,478.
The computerized Multiple Listing Service of the Houston Association of REALTORS® includes residential properties and new homes listed by 36,000 REALTORS® throughout Harris, Fort Bend and Montgomery counties, as well as parts of Brazoria, Galveston, Waller and Wharton counties. Residential home sales statistics as well as listing information for more than 50,000 properties may be found on the Internet at http://www.har.com.

The information published and disseminated to the HAR Multiple Listing Services is communicated verbatim, without change by Multiple Listing Services, as filed by MLS participants.

The MLS does not verify the information provided and disclaims any responsibility for its accuracy. All data is preliminary and subject to change. Monthly sales figures reported since November 1998 includes a statistical estimation to account for late entries. Twelve-month totals may vary from actual end-of-year figures. (Single-family detached homes were broken out separately in monthly figures beginning February 1988.)

Founded in 1918, the Houston Association of REALTORS® (HAR) is a 36,000-member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest individual dues-paying membership trade association in Houston as well as the second largest local association/board of REALTORS® in the United States.

Keller Williams This Month in Real Estate eNewsletter March 2017

Keller Williams This Month in Real Estate eNewsletter March 2017

Home sales accelerated this January, reaching the highest levels seen in nearly a decade according to the National Association of REALTORS®. Despite expectations of rising interest rates, depleted inventory, and affordability concerns in many areas, home buyers remained resilient.

Click the following link for details:

http://jodiecollins.kwrealty.com/media/id/3560619/

This Month In Real Estate March 2017

This Month In Real Estate March 2017

Home sales are increasing and higher than last month and this same time last year. The home average price is 7.1% higher than this same time last year, but slightly down from last month. All in all, the Houston area Real Estate market is looking up!

Click here to see the Keller Williams (KW) This Month in Real Estate March 2017 flyer: http://jodiecollins.kwrealty.com/media/id/3548183/

This Month In Real Estate March 2017

HAR Real Estate Update February 2017

HAR Real Estate Update February 2017

MLS Report for January 2017
THE HOUSTON REAL ESTATE MARKET LAUNCHES 2017 IN POSITIVE TERRITORY

Sales volume and pricing were up in January; inventory grew

HOUSTON (February 8, 2017) The Houston housing market carried its positive momentum from 2016 into the new year, with single-family home sales and pricing both on the rise in January. Homes priced between $500,000 and $750,000 showed the strongest sales activity, and the luxury market ($750,000 and above) enjoyed its third consecutive month in the black, reflecting resistance to any lingering effects of the ailing energy industry.

According to the latest monthly report produced by the Houston Association of Realtors (HAR), a total of 4,080 single-family homes sold in January compared to 4,011 a year earlier. That represents an increase of 1.7 percent. Housing inventory grew from a 3.3-months supply to 3.5 months.

“The Houston real estate market is off to an impressive start for 2017, with the end of the holidays and rising interest rates spurring many on-the-fence buyers to take action in January,” said HAR Chair Cindy Hamann with Heritage Texas Properties. “It is especially encouraging to see vitality in the high end of the market, which faltered in response to falling oil prices, but has now registered positive sales for three straight months.”

The single-family home median price (the figure at which half of the homes sold for more and half sold for less) rose 4.0 percent to $210,000. That marks the highest median price ever for a January. The average price jumped 5.3 percent to $275,696, which also represents a January high.

January sales of all property types in Houston totaled 4,997, up 0.9 percent from the same month last year. Total dollar volume for properties sold in January increased 6.2 percent to $1.3 billion.

January Monthly Market Comparison

The Houston housing market saw across-the-board gains in January, with single-family home sales, total property sales, total dollar volume and pricing all up compared to January 2016.

Month-end pending sales for single-family homes totaled 6,286, an increase of 24.7 percent compared to last year. Total active listings, or the total number of available properties, rose 8.6 percent from January 2016 to 34,958.

Single-family homes inventory grew from a 3.3-months supply to 3.5 months. For perspective, housing inventory across the U.S. currently stands at a 3.6-months supply, according to the latest report from the National Association of Realtors (NAR).

CATEGORIES JANUARY 2016 JANUARY 2017 CHANGE
Total property sales 4,953 4,997 0.9%
Total dollar volume $1,227,395,347 $1,303,839,766 6.2%
Total active listings 32,190 34,958 8.6%
Single-family home sales 4,011 4,080 1.7%
Single-family average sales price $261,847 $275,696 5.3%
Single-family median sales price $202,000 $210,000 4.0%
Single-family months inventory* 3.3 3.5 0.2 mos.
Single-family pending sales 5,041 6,286 24.7%

* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.

Single-Family Homes Update
Single Family

Single-family home sales totaled 4,080, up 1.7 percent from January 2016, when sales volume totaled 4,011. The median price rose 4.0 percent to a January high of $210,000. The average price climbed 5.3 percent to $275,696, also a record high for a January. Days on Market (DOM), or the number of days it took the average home to sell, edged up to 64 days versus 63 last year.

Broken out by housing segment, January sales performed as follows:

  • $1 – $79,999: decreased 16.3 percent
  • $80,000 – $149,999: decreased 9.4 percent
  • $150,000 – $249,999: increased 4.1 percent
  • $250,000 – $499,999: increased 3.7 percent
  • $500,000 – $749,999: increased 16.5 percent
  • $750,000 and above: increased 14.3 percent
Single Family Average Home Price

HAR also breaks out the sales figures for existing single-family homes. Existing home sales totaled 3,429 in January, up 2.6 percent versus the same month last year. The average sales price rose 6.5 percent to $259,865 while the median sales price jumped 5.4 percent to $195,000.

Townhouse/Condominium Update

Townhome and condominium sales fell in January, with 369 units selling versus 390 a year earlier. That represents a decline of 5.4 percent. The average price rose 1.4 percent to $187,176, while the median price slipped 1.1 percent to $138,000. Inventory jumped from a 3.0-months supply to 3.6 months.

Townhouse/Condominium Sales
Lease Property Update

The lease market had a strong showing in January. Single-family home leases climbed 5.7 percent and townhome/condominium leases increased 6.0 percent. The average rent for single-family homes dropped 1.3 percent to $1,718, while the average rent for townhomes/condominiums fell 4.7 percent to $1,497.

Houston Real Estate Highlights in January
  • Single-family home sales rose 1.7 percent with 4,080 units sold;
  • Total property sales edged up 0.9 percent with 4,997 units sold;
  • Total dollar volume jumped 6.2 percent to $1.3 billion;
  • At $210,000, the single-family home median price rose 4.0 percent to a January high;
  • The single-family home average price climbed 5.3 percent to $275,696, which was also the highest level for a January;
  • Single-family homes months of inventory climbed to a 3.5-months supply;
  • Townhome/condominium sales fell 5.4 percent, with the average price up 1.4 percent to $187,178 and the median price down 1.1 percent to $138,000;
  • Leases of single-family homes rose 5.7 percent with average rent down slightly to $1,718;
  • Leases of townhomes/condominiums increased 6.0 percent with average rent down 4.7 percent to $1,497.

The computerized Multiple Listing Service of the Houston Association of REALTORS® includes residential properties and new homes listed by 36,000 REALTORS® throughout Harris, Fort Bend and Montgomery counties, as well as parts of Brazoria, Galveston, Waller and Wharton counties. Residential home sales statistics as well as listing information for more than 50,000 properties may be found on the Internet at http://www.har.com.

The information published and disseminated to the HAR Multiple Listing Services is communicated verbatim, without change by Multiple Listing Services, as filed by MLS participants.

The MLS does not verify the information provided and disclaims any responsibility for its accuracy. All data is preliminary and subject to change. Monthly sales figures reported since November 1998 includes a statistical estimation to account for late entries. Twelve-month totals may vary from actual end-of-year figures. (Single-family detached homes were broken out separately in monthly figures beginning February 1988.)

Founded in 1918, the Houston Association of REALTORS® (HAR) is a 36,000-member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest individual dues-paying membership trade association in Houston as well as the second largest local association/board of REALTORS® in the United States.

KW This Month in Real Estate February 2017

KW This Month in Real Estate February 2017

Having an issue viewing the Keller Williams’ Newletter: http://jodiecollins.kwrealty.com/media/id/3495632/

This Month in Real Estate
February 2017 Market Update
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Monthly VideoHome sales dipped in December despite a year of robust growth and the strongest housing market in a decade according to the National Association of REALTORS®. Affordability concerns, depleted inventory levels and interest rate increases seen in November have affected certain prospective home buyers, contributing to the modest cooling trend.
Interest Rates
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Monthly VideoAccording to Freddie Mac, 30-year fixed rates ticked back down from 4.30 percent to 4.19 percent, reflecting a holding pattern as the Federal Reserve and other financial institutions wait for indications of future fiscal policy enacted by Congress and the Trump Administration.
Home Sales
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Home Sales Graph
The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.5 million homes during the month of December. This was a decrease of 2.8 percent from November, and an increase of 0.7 percent from December of last year.
Home Prices
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Home Price Graph
The median home price decreased to $232,200 in December, which was down 0.9 percent from November and up 4.0 percent from December of last year. The median home price has increased by approximately $9,000 in the past year alone.
Inventory
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Inventory Graph
There was a 3.6-month supply of housing inventory in December, which was a 7.7 percent decrease from November. The total number of homes for sale decreased by 7.7 percent compared to December of last year.
Brought to you by KW Research. For additional graphs and details, please see the This Month in Real Estate PowerPoint Report.The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed on This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Keller Williams Realty, Inc., does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. Keller Williams Realty, Inc., will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate.

 

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Jodie Collins, aka Queen Bee CNE

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