The end of year report for the Lakes of South Shore looks very similar to November’s YTD report with home prices in the Lakes steadily averaging around $92.24, up from $87.33 for the end of 2013, or an increase of a little over 5.62% on the sq.ft.

Other sales information as reported by the Houston Association of Realtors:
There were 91 closed sales through December 31, 2014, ranging in adjusted sales price from $165,000 to $556,500 with an average of $250,523 ($92.24/sq. ft). (These values include 2 homes that were sold under foreclosure/auction.)

2013 saw a total of 113 closed sales, ranging in adjusted sales price of $142,799 to $500,000 with an average of $222,518 ($87.33/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 $28,000 (12.6%) from last year, the cumulative days on the market went down from an average of 63 days for 2013 to 42 days for 2014.  These numbers indicate that the Lakes of South Shore continues to be like most of the League City area maintaining a strong Seller’s Market.

Currently, there are 12 homes in the neighborhood listed for sale.  If you are interested in learning more about the Lakes of South Shore or other neighborhoods in the League City, TX, Clear Lake area, give me a call.

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.  She can be reached by text or phone at 281-900-1189 or email at cdudley@brockwayrealty.com

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