Home prices in the Lakes climbed this year averaging around $92, up from $86.4 at this point last year, or an increase of a little over 6.5% on the sq. ft.

Other sales information as reported by the Houston Association of Realtors:

There were 86 closed sales through November 30, 2014, ranging in adjusted sales price from $165,000 to $557,000 with an average of $250,000 ($92/sq. ft). (These values include 2 homes that were sold under foreclosure/auction.)

For this same period last year, there were 106 closed sales, ranging in adjusted sales price of $143,000 to $500,000 with an average of $220,000 ($86.4/sq. ft).  (Please note that the 2013 sales price and price/sq.ft  do  not include one home that was damaged by fire.)

While the sales prices went up on average $30,000 (13.8%) from last year, the cumulative days on the market went down from an average of 63 days last year to a brisk 39 days this year.   These numbers indicate that we are still in a strong Seller’s Market.

Currently there are 12 active listings in the neighborhood and 1 pending sale.

Happy Holidays!

Cindy Dudley is a licensed agent with Brockway Realty, LLC a residential brokerage operating in the League City, Friendswood and Houston areas with 15 agents.  Cindy lives in the Lakes of South Shore Harbour along with her husband Chris and their two children.

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