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BETTER HOMES AND GARDENS REAL ESTATE GARY GREENE - KATY
        EMAIL ME        23922 Cinco Village Ctr., #123, Katy, TX 77494     Phone: (281) 646-1136     Fax: (281) 646-1841
Welcome to my blog! I love my job as a Realtor in the Katy area. I enjoy meeting new people and helping them with their home search. I specialize in homes in the Cinco Ranch, Grand Lakes and Seven Meadows area. Call me and let me walk you home!
FEB
23
25403 Skye Springs Lane Katy, TX 77494
Come and see this home!
SLIDESHOW
SPECIAL FEATURES
Asking Price: $525,000
MLS Number: 71822487
Bedrooms: 5
Bathrooms: 3.50
Approx. Sq. Ft.: 4777








DESCRIPTION
SELLER CONTACT INFORMATION
April Maestri
Prudential Gary Greene
832-264-5419
aprilmaestri@garygreene.com


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NOV
20
November 10th, 2009

Houston Single-Family Home Sales Improve 81% Since June

The 2009-2010 IRS Tax Credit for home buyers was extended and expanded in November.  The new expiration date is April 30, 2010 and the tax credit now includes current homeowners, not just First-Time Homebuyers and income limits were expanded to $225,000.  For detailed information on this home buyer advantage, please click here.

 With new incentives in hand, every month that passes in 2009, shows great improvement in comparison to the previous months’.  The table below shows the difference between the market experienced in February, June and October YTD 2009.   As you can see, as 2009 progresses, the single-family housing market is slowly marching toward a healthier market.

Houston Market Improvement Comparison 2009 of Single-Family Homes

Market Indicator

February ‘09

June ‘09

Oct. ‘09

% Change from

June ‘09

# units sold

-24%

-20%

-11%

+81%

Dollar volume sold

-33%

-24%

-14%

+71%

Average Sales Price

-12%

-6%

-4%

+50%

Median Sales Price

-8%

-2%

-1%

+50%

# of Pending Sales

-23%

-21%

-14%

+50%

Active Listings

-20%

-22%

-21%

-.46%

  A summary of October YTD market statistics compared to last year:

  • Sales are down from October YTD 2008 by 11% with 45,391 single-family homes.
  • Dollar volume sold is down from October YTD 2008 by 14% with $9,202,482,156.
  • Average sales price is currently $202,738, down by 4%.
  • Median sales price is $153,000, down by 1% [half of the homes sold above and half below this midpoint range.
  • # of contracts written [pending] are 31,101 and that represents 14% fewer than found last year.
  • Active listings, a metric that is good if on a decline, are currently 27,758 or 21% less than last year.  This is also a metric that in Houston is the exact opposite heard frequently in the national news.

 The newly extended Homebuyer IRS Tax Credit should stimulate sales, particularly in the Spring of 2010 and it will be interesting to see if inventory continues to decline as it has in recent months.  The IRS Tax Credit should boost Houston back to normal market conditions sooner than it would have on its own.  Another added benefit to increasing home sales is that economists believe that for every home that is sold, regardless of the price, a $66,000 economic multiplier effect positively impacts the local market in which the home resides.  The IRS Tax Credit is truly an economic stimulus that sparks the local economy.

 

NOV
20
What home price classes are the hottest selling in Houston right now?  The following table indicates by price class the hottest selling price ranges in Houston in 2009:

 

 

Top Ten Selling Price Classes

Houston Single-Family Real Estate

Third Quarter YTD 2009

Price Class

Sales Year to Date

Active Listings

Months of Inventory

1. $200,000-$249,999

4,712

2,666

5.9

2. $250,000-$299,999

3,220

2,176

7.0

3. $300,000-$399,999

3,213

2,534

8.1

4. $130,000-$139,999

2,557

1,129

4.5

5. $120,000-$129,999

2,541

1,296

5.1

6. $110,000-$119,999

2,274

1,296

5.7

7. $140,000-$149,999

2,214

1,182

5.5

8. $150,000-$159,999

2,181

1,103

5.2

9. $90,000-$99,999

2,027

1,155

5.8

10. $160,000-$169,999

1,981

1,004

5.2

 

 

As you can see, the top 10 selling price classes in Houston range from a low of $90,000 to a high of $399,000, and therein lies the largest demand for single-family homes in the Houston Multiple Listing Service. 

Prudential Gary Greene, Realtors® feels certain that fourth quarter 2009 sales will exceed fourth quarter 2008, which was interrupted by a devastating hurricane, economic uncertainty and a barrage of bad news.  The Houston market has experienced a loss of confidence and uncertainty of the future, especially during the months following Hurricane Ike.  The market improvement comparison table above indicates that our market is on the road to recovery.  This market also spells opportunity, particularly with the IRS Tax Credit, to purchase a home before Houston experiences an upswing in the market, which inevitably will happen.  The best time to capitalize on a “bounce-back” is before it bounces back.

Data derived from the Houston Association of Realtors® Real Estate Information Services and compiled by Toni Nelson, Director of Strategic Initiatives for Prudential Gary Greene, Realtors®.  Market statistics occurring outside the HAR MLS are not reflected in thi

OCT
31
Thursday was our Vendor Appreciation Happy Hour at our Prudential Gary Greene, Katy, office. Several of vendor friends brought their fun stuff for us to look at and buy.  They GENEROUSLY donated a portion of the sales price to our favorite charity, The Sunshine Kids!

Discovery Toys, Southern Living at Home, Scentsy, hand made jewelry, and more came to enjoy a great time at our office. 

The agents all brough an appetizer and drinks. We had everything from Debra's homemade hummus, Gail's husbands venison sausage, cheese and crackers, veggies, a delicious corn dip and my meatballs!  Tracy, as always, opened up her wine fridge and we cracked open a few bottles for the office to enjoy!

Amer fromHighland Homes stopped by unexpectedly and brought us this beautiful box of cheesecake from Ohh La La!


If you remember that was the night that the monsoon came through Katy and we lost power for a few minutes and endured a tornado warning! 

The agents stayed after the vendors left and we had so much fun looking at the pics from the 7 day cruise that we just returned from.  Richard was kind enough to make a CD for everyone (complete with music!) and we sat in Tracy's office and howled with laughter!!! 

I am so happy to work and play with the best team in Houston! I love my job. :)
OCT
28

New Home Sales Up 8 Percent In Cinco Ranch

October 28th, 2009    by InstantNewsKaty Staff Published in News Email This Post

New home sales Cinco Ranch are up eight percent for the first nine months of 2009 compared to the same period in last year, according to information released Newland Communities, developer of the master planned community.
 
A total of 697 new homes were sold in Cinco Ranch during the first three quarters of the year. That compares to 643 new homes sold during the same time last year.

HOME SALES STRONG – Despite a weak economy, new home sales were up 8 percent in Cinco Ranch for the first nine months of 2009.

HOME SALES STRONG – Despite a weak economy, new home sales were up 8 percent in Cinco Ranch for the first nine months of 2009.

  
Relocation sales have also remained strong in Cinco Ranch, accounting for one in three new-home sales in the community so far this year, according to Heather Gould, marketing director for Newland.
 
“Now in its 19th year of development, Cinco Ranch has built up strong brand equity and awareness among home buyers and Realtors, which has fueled both relocation sales and local move-up sales,” Gould said.  “In the present economy, home buyers also seem to be finding a greater level of comfort in investing in a large-scale master-planned community like Cinco Ranch.”
 
Gould also said Cinco Ranch has benefited as the largest and most established new-home community near the Energy Corridor, where employment has continued to be relatively stable. Cinco Ranch was also buoyed this summer when the Texas Education Agency gave its top accreditation rating – exemplary – to 12 of the 13 Katy ISD campuses serving the community.
 
Cinco Ranch has also expanded its new-home product offerings in 2009.

 

In late 2008, a model home park opened to showcase the community’s most affordable new homes, priced from the $160,000s. This fall, Cinco Ranch opened Park Place, a neo-traditional neighborhood with nostalgic architecture, prices from the $280,000s and new builders including J. Kyle Homes.

 

The community also benefited from a custom home showcase that attracted thousands of visitors this spring.
 
“Offering a variety of new-home styles and price ranges, along with an expanding array of recreational amenities, has also been key to the success of Cinco Ranch,” Gould said.
 
New home sales also increased 12 percent in Telfair, a 2,018-acre Newland Communities development in Sugar Land.  A total of 347 new homes were sold in Telfair in the first three quarters of 2009, compared to 313 new homes sold during the first nine months of 2008.

OCT
28
Wow!  Do they know the way to a girls heart or what?  I'll be there with my friends.  Stop by and say "Hi"!
OCT
27

Houston Among Top 4 U.S. Cities In Which To Earn A Living

Houston was among the top U.S. cities in which to earn a living according to Forbes Magazine [article written September 3, 2009].  View the article by clicking here .

 

 

Forbes Magazine Summary:

“Among the best reasons to take up residence in Houston or Dallas, according to Forbes, is the number of top-ranked companies headquartered in each city: 38 and 15, respectively.”

The rankings were determined by median income, cost of living, job growth and the quality of the business environment. 

Most importantly, the magazine stated that ”if you are worried about the economic situation changing in Houston, Dallas or Austin, in the next few years, don’t be.  As health care, technology and energy take more employees into their ranks, cities that specialize in these core industries will continue to draw skilled workers and dole out attractive compensation.”

 

The Houston Market:

Each month that passes in 2009 brings more positive news about the Houston real estate market and its buoyancy.  The percentage declines we experienced in the first quarter of 2009 are declining.  Slowly but surely we are climbing back to a more normal market and with a bright employment picture ahead, real estate is destined for better days.

 

Houston Single-Family Market Improvement Comparison 2009

 

Market Indicator

 

February ‘09

 

June ‘09

 

August ‘09

% Change from 02/09 to 08/09

# of units sold

-24%

-20%

-16%

+8%

Dollar Volume Sold

-33%

-24%

-20%

+14%

Avg. Sales Price

-12%

-6%

-5%

+7%

Median Sales Price

-8%

-2%

-1

+7%

# of Pending Sales

-23%

-21%

-19%

+4%

Active Listings

-20%

-22%

-22%

-2%

August 2009 Report from Real Estate Center at Texas A & M and Houston Association of Realtors

The table above displays how the Houston area market appeared to reach bottom in February with almost one fourth of the number of units and one third of the dollar volume dissolving from the previous year-to-date.  However, as time marches through 2009, those declines have declined.  See the column above “% Change from 02/09 to 08/09” to see the market improvement.  The only market indicator that is not in a positive position is the number of active listings, which  are down by 22% over this time last year and down 2% from February 2009.  Reduced inventory is a positive indicator and prevents real estate values from declining.

Here is a summary of Houston Single-Family Real Estate Market statistics for August 2009 year over year comparison:

 

  • Sales reached 35,792 units sold, a 16% decline over August YTD 2008.
  • Dollar volume sales reached $7,272,385,965, a 20% decline during the same time frame.
  • Average sales price is $203,185, a 5% decline over August YTD 2008.
  • Median sales price [half of the homes sold above the median and half below, and not subject to extreme fluctuations like average sales price] is $153,500 and that figure is down by only 1% from this time last year.
  • # of pending sales or homes that have gone under contract year-to-date are 24,985 or a 19% decline over August YTD 2008.
  • Active listings are 27,882 or 22% below those found in August YTD 2008.

While these statistics are not glowing, # of sales, dollar volume sold and pending sales have even improved from July, so the market continues to return with every month that passes. The Brookings Institute ranked Houston the #1 housing market in the nation; see our July 10, 2009 blog for details.

OCT
27
Well I finally went to Texas Terror at Katy Mills Mall. I was not disappointed.  I can't believe I have never been to a haunted house!  I took my cousin, Tami, with me and she screamed and held onto me the entire time! I mostly laughed and enjoyed the costumes.  I can't say I was actually "scared", more like startled alot!  Tami was SCARED. LOL. 
 
There are many rooms int he haunted house; a hospital, a quarantine room, a clown room, a mental hospital, a playground, and several others. Great make-up and sets.  There was one guy that heard me say Tami's name and freaked her out every time he called her by it!  He then followed us through the whole house.  He would disappear only to turn up at the next corner or behind us...it was very creepy. 
 
Needless to say, we had a blast.  What's more fun than getting scared to death?  I would not recommend this to kids under 12.  My friends daughter and her friends were there (they are 13) and two of them would not even go in.  They stood outside with us shaking (literally!) and crying.  Get out there and support our local economy by going to a good old haunted house this Halloween.
 
Speaking of being scared.....has anyone seen Paranormal Activity?  WOW!!! Best scary movie since Blair Witch Project.  Thoughts????
OCT
27
Katy slipped a bit this month....but based on how busy our office is, I think we will recover next month!

 

HAR MLS HOTNESS INDEX SEPTEMBER 2009

         
Rank Area Area Name Hotness Ratio Pending Sales Sales    Active Listings Months Inventory 
1 18 South Central 23.3 21 15 90 4.6
2 25 Far West 21.2 194 226 917 4.3
3 12 North 21.0 135 149 644 4.5
4 36 South Katy Area 19.5 133 213 682 3.1
5 21 Bellaire West 18.9 14 20 74 4.0
6 40 Montgomery County Southeast 17.2 49 66 285 7.3
7 11 Near North 16.9 73 83 431 5.7
8 37 Ft. Bend West 16.0 123 176 768 4.9
9 29 Ft. Bend Central 14.7 84 140 571 4.9
10 10 Hempstead East 14.3 100 174 700 4.8
11 3 Southeast 13.5 97 120 721 5.6
12 8 Bear Creek 13.4 99 177 740 5.0
13 6 Pasadena Area 13.0 54 87 416 5.0
14 30 Ft. Bend Southwest 12.4 74 99 595 6.0
15 43 Walker County 12.4 23 15 186 8.9
16 5 Brazoria County 12.2 165 214 1350 6.5
17 34 Aldine-Westfield Area 12.2 23 21 189 8.9
18 7 Clear Lake Area 12.0 71 146 591 4.5
19 13 Northwest 12.0 128 188 1070 5.8
20 15 Montgomery County Southwest 12.0 185 281 1548 6.1
21 38 Ft. Bend East 11.9 85 135 712 5.7
22 32 Far Northeast 11.7 50 113 427 5.2
23 14 Far Northwest 11.3 88 140 779 6.0
24 1 Northeast 11.1 116 195 1043 5.9
25 20 Bellaire South 11.0 40 82 365 4.7
26 2 East 10.7 123 148 1153 7.5
27 28 Alief Area 10.6 34 50 322 5.9
28 53 Chambers County 9.7 14 24 145 7.2
29 19 Montgomery County Northeast 9.5 44 61 463 7.5
30 35 Hempstead West 9.3 54 127 578 5.4
31 31 West 9.0 32 63 356 6.3
32 24 Spring Branch 8.3 28 49 337 7.1
33 26 Waller County 7.7 12 16 155 9.5
34 4 South 7.0 21 40 301 9.9
35 52 Liberty County 6.9 15 25 217 8.6
36 33 Galveston County 6.9 159 302 2305 8.7
37 9 Central North 6.9 71 169 1030 6.9
38 55 Wharton County 6.7 8 12 119 11.3
39 39 Montgomery County Northwest 6.7 53 112 792 8.5
40 42 Trinity County 6.6 8 10 121 17.1
41 44 Polk County 6.3 20 31 318 13.3
42 64 San Jacinto County 6.3 11 15 176 12.4
43 22 Central West 6.2 22 38 355 10.9
44 23 Memorial 6.0 21 47 350 8.4
45 17 Southwest 4.8 32 76 665 9.7
46 16 Central 4.0 22 53 556 11.3
47 57 Austin County 3.1 5 11 159 13.
 
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