TOM PLANT'S HOUSTON REAL ESTATE BLOG - YOUR SOURCE FOR VITAL INFORMATION ABOUT HOUSTON'S CLOSE-IN NEIGHBORHOOD HOMES
Single family home sales in Houston for the First Quarter 2010 were even with the same period last year. Sales of homes priced under $350,000 were down 3% and sales of homes priced above $350,000 increased 36%.
Many of Houston's upper end neighborhoods showed strong signs of recovery. However, Tanglewood has yet to experience increased demand. In the First Quarter of 2010 there were 7 homes sold in Tanglewood, one more than in 2009. In the important more than $1 million category, 4 homes were sold, one fewer than 2009. At the sales rate of the First Quarter, it will take 3 years to clear the Tanglewood inventory of homes priced more than $1 million.
Detailed statistics are:
Based upon information from the Houston Association of Realtors® or its MLS for the periodJanuary 1,2009 to March 31, 2010.