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HOUSTON'S TANGLEWOOD NEIGHBORHOOD IS NOT YET PARTICIPATING IN RECOVERY
APR
27
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.


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