Cynthia Mullins' Real Estate Market Blog

@cynthiamullinsView Housing TrendsView My ProfileFollow Me
(713) 829-3052

Client Experience Rating    4.96/5.0       Based on 105 Surveys   View Rating Detail
Exceeding Expectations. One Client At A Time. Over $125 Million Sold.
BOULEVARD REALTY
        EMAIL ME        1545 Heights Blvd, Houston, TX 77008     Phone: (713) 862-1600     Fax: (713) 862-2965
FEB
2

I recently had the pleasure of attending a HAR event in which Dr. Ted C. Jones delivered a presentation on the Outlook of Real Estate and the Economy for 2016. Dr. Jones is the Chief Economist and Senior Vice President at Stewart Title Guaranty Company. He previously served as chief economist at Texas A&M University’s Real Estate Center. It’s always good to hear from a bright mind and simply take in all the knowledge and expertise they have to give. I’m excited to pass along to you a little of what I learned in this series of posts on his talk.

One thing I found rather interesting about Dr. Jones’ talk was how he determines the health of the economy. Dr. Jones’ inventive approach actually involves looking at the number of leisure and hospitality jobs to ascertain how the economy is doing. For many of us, no matter if we were looking at the United States as a whole, or thinking more locally, this would be far from the first path we would go down when trying to decipher the state of the economy.

Dr. Jones’ method makes sense though. His reasoning is that people generally don’t spend a lot of money on vacations, club memberships, fine dining, and other things that may be seen as luxuries unless they feel good about the economy. Because of this, he rationalizes that the job numbers for leisure and hospitality industries are a good indicator of the economy’s health. If the economy is doing well and people are feeling good about it, they’ll spend more on those types of luxuries, thus making more jobs available for people working in hotels, clubs, restaurants and other like businesses. In maintaining with his theory, Dr. Jones’ statistics showed that leisure and hospitality jobs declined during the United States’ recent recessions.

With this background, Dr. Jones presented us with the leisure and hospitality job numbers for 2015. In the United States as a whole, the number of leisure and hospitality jobs increased 2.92 percent. In Texas, that number was even bigger, as it climbed 4.54 percent. Houston actually had an increase more impressive than both of those as the 12 month moving average showed a 6.33 percent increase over 12 months earlier. Based on Dr. Jones’ way of determining the state of the economy, these numbers suggest that 2015 ended up being a fairly good year!

Images Courtesy of Dr. Ted C. Jones

Looking to buy or sell a home, or just have questions about the market? Always feel free to contact me at 713.829.3052 or cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

JAN
29

I recently had the pleasure of attending a HAR event in which Dr. Ted C. Jones delivered a presentation on the Outlook of Real Estate and the Economy for 2016. Dr. Jones is the Chief Economist and Senior Vice President at Stewart Title Guaranty Company. He previously served as chief economist at Texas A&M University’s Real Estate Center. It’s always good to hear from a bright mind and simply take in all the knowledge and expertise they have to give. I’m excited to pass along to you a little of what I learned in this series of posts on his talk.

One of the biggest takeaways from Dr. Jones’ talk is that jobs are up, despite what seems to be the common assumption to the contrary. And not just up, but they are actually now the highest ever!

In the United States as a whole, based on statistics from the twelve months prior to the end of November 2015, the number of jobs were up 1.88 percent. With that increase, U.S. jobs grew to their largest number in history. And, maybe to your surprise, jobs were up in Houston as well. Increasing 0.88 percent in Houston over that same period, Houston jobs also reached their highest ever total.

Now this may not seem like a big deal to some of you as it only amounts to 23,600 net new jobs in the fourth largest city in America. But, while the number of jobs in Houston did not jump a remarkable amount over the last twelve months, they were still up over 2014, when it seemed like the city’s job growth was all you would hear about. In 2015, much of what we heard about in Houston is how oil prices were causing massive job losses. This naturally led many people to assume that jobs must have been down in our city over the past year. But Houston’s diverse economy still managed to deliver a rise in the number of jobs despite the struggling oil sector.

The layoffs in the oil industry have hit hard, and we cannot understate the impact as numerous Houstonians have lost their jobs. Dr. Jones cited 35,000 lost jobs in 2015, with most of those coming from the oil/drilling business. But some of those who lost their oil jobs were lucky enough to find new ones in the petrochemical industry. In fact, the surging petrochemical industry was one of the leading reasons why Houston jobs increased in 2015, as petrochemical job gains were able to largely offset the losses from the oil sector. It’s reassuring to know that, even in a year when much of the news was focused on lost jobs, Houston found a way to increase its overall number of jobs.

Images Courtesy of Dr. Ted C. Jones

Looking to buy or sell a home, or just have questions about the market? Always feel free to contact me at 713.829.3052 or cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

JAN
29

I’ll be showing two beautiful Heights homes this Saturday and I hope you’ll stop by and join me. This weekend’s forecast calls for another glorious Saturday so you might as well get out and take advantage of it. I’ll be at 1816 Arlington from 12-2 PM, and at 539 Merrill from 2:30-4:30 PM. I hope to see you Saturday!

1816 ARLINGTON

1816 Arlington is a gorgeous new Farmhouse Contemporary home in the Houston Heights. This home was built with LEED services and exceeding ENERGY STAR requirements with 3 rain barrels, a reflective roof and solar panels. Rich natural elements throughout the home stand out against the understated minimalist interior trim detail. Generous backyard leaves room for a pool and leads to an unfinished garage apartment. This home has stunning features inside and out that simply must be seen in person! Offered at $1,295,000. Click http://goo.gl/acFTMP for more info.

FRONT EXTERIOR

 

FOYER

 

KITCHEN

 

LIVING ROOM

 

MASTER BATH

 

BACKYARD

 

539 MERRILL

539 Merrill is a recently completed craftsman home in the Woodland Heights. High quality finishes are featured throughout this home, including Western Window Door systems, Ann Sacks, Porcelanosa tile, Kohler, and Thermador. Incredible refrigerated glass wine wall divides the kitchen and dining room. Covered patio looks out on spacious backyard. Come check out this home before it goes off the market! Offered at $1,449,900. Click http://goo.gl/TsHCq8 for more info.

FRONT EXTERIOR

 

KITCHEN

 

DINING ROOM

 

MASTER BEDROOM

 

MASTER BATH

 

BACKYARD

Buying or selling a home? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

JAN
20

3 Bedrooms, 2.5 Baths, 2-Car Attached Garage

Classic shades of grey add elegance to this Heights home with easy access to the Heights Hike and Bike Trail. Open living space on second floor bathed in great light from South facing view making for a stunning family gathering area. Bedroom and full bath with patio on first floor. Living, dining and kitchen on second floor. Master suite, third bedroom and laundry on third floor. Controlled access subdivision with small park and two more parks close by. Wide street provides easily accessible extra parking for guests. No water and sewer bill! It is paid by HOA. Click http://goo.gl/E3oPKJ for more info.

 

SECOND FLOOR LIVING AREA

 

KITCHEN

 

THIRD FLOOR MASTER BEDROOM

 

MASTER BATH

 

FIRST FLOOR BEDROOM

 

BACKYARD PATIO

Buying or selling a home? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

JAN
15

Houston’s 2015 real estate market certainly had the odds stacked against it. It was not only following a record-setting 2014, but was also up against plunging oil prices and extremely low housing inventory levels. All this seemed to be a recipe for a significant dropoff in numbers, but somehow the market actually finished the year with much better numbers than expected. The final quarter of the year was a torrid one for the housing market, but the overall numbers stood fairly strong in spite of that.

HAR just released their January report which covered December as well as 2015 as a whole. After a very strong September, October and November both saw double digit percentage drops in year-over-year single-family home sales. December was essentially more of the same with single-family home sales falling 9.7 percent, from 6,507 in December 2014 to only 5,879 this past December.

This exceptionally slow final quarter is part of what makes the overall numbers for the year so impressive. With such a slowdown in those last three months, a substantial dip in the comprehensive 2015 numbers was expected. And while there was a decline, it was not nearly as severe as had been anticipated. After a record 75,535 single-family homes were sold in 2014, that number only dropped 2.4 percent in 2015. Even with the downturn, 2015’s 73,724 single-family home sales rank as the second-highest annual total of all time in Houston.

While single-family home sales for 2015 did falter a bit, single-family home prices for the year actually moved in the opposite direction. Single-family average sales price rose 3.7 annually from $270,182 to $280,290. The median price for single-family home sales made an even bigger year-over-year jump of 6.5 percent, as the median price for all of 2014 was $199,000 compared to $212,000 for all of 2015. The total dollar volume for all properties sold in the year was also able to match 2014’s record of $23.5 billion.

Another noteworthy change in 2015 came in the form of housing inventory. Houston’s months inventory began the year at an all-time low of 2.5-months supply. That number grew a significant amount, peaking at 3.5-months supply during the summer before finally ending the year at 3.2-months supply. 2015’s final quarter may leave a bad taste in our mouths, but looking at the numbers as a whole, and considering all the obstacles standing in the way as the year began, 2015 should be seen as a pleasant surprise.

Looking to buy or sell a home, or just have questions about the market? Always feel free to contact me at 713.829.3052 or cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

JAN
14

After showing signs early in the year of being able to keep up with 2014’s historic home sales, numbers in Houston tailed off in the back end of 2015. Sales numbers in the Heights took a hit as well, falling significantly in the last couple months of 2015. Average days on the market in the Heights also increased for the second straight year. The 2015 numbers were not all bad in the Heights though as the average sales price and average sales price per square foot in the area both set all-time records.

As I mentioned in an earlier post, through three fourths of the year, the Heights 2015 sales numbers were holding their own against a very strong 2014. Through September 2015, year-to-date home sales in the Heights were only down 3.4 percent. The last quarter of 2015 was not kind to the Heights though and sales numbers took a significant dip. By year’s end, the number of homes sold in the Heights had fallen 10.5 percent from the previous year. 2014 saw 668 homes sold in the Heights, whereas the final tally for 2015 was only 598 homes sold in the area.

With less homes being sold, the annual average for days on the market (DOM) in the Heights increased in 2015. It leapt from 37 DOM in 2014 to 47 DOM this past year. This comes out to a noteworthy year-over-year jump of 27 percent. There is a silver lining though, as despite the considerable year-over-year increase, this average DOM is still lower than every year in the past decade besides the robust years of 2013 and 2014.

The average price of homes sold in the Heights in 2015 represents a positive for the market. The average 2015 sales price in the area was actually noticeably higher than in 2014. The 2014 average sales price came in at $601,470 versus $634,977 in 2015. That amounts to a 5.6 percent year-over-year increase. Average sales price per square foot also rose once again, climbing 2.1 percent from $275.27 in 2014 to $281.09 last year. Not only were these both year-over-year increases, but they set new records for the Heights.

Looking to buy or sell a home, or just have questions about the market? Always feel free to contact me at 713.829.3052 or cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

JAN
6

3 Bedrooms, 2.5 Baths, 2-Car Attached Garage

Classic shades of grey add elegance to this Heights home with easy access to the Heights Hike and Bike Trail. Open living space on second floor bathed in great light from South facing view making for a stunning family gathering area. Bedroom and full bath with patio on first floor. Living, dining and kitchen on second floor. Master suite, third bedroom and laundry on third floor. Controlled access subdivision with small park and two more parks close by. Wide street provides easily accessible extra parking for guests. No water and sewer bill! It is paid by HOA. Click http://goo.gl/E3oPKJ for more info.

 

SECOND FLOOR LIVING AREA

 

KITCHEN

 

THIRD FLOOR MASTER BEDROOM

 

MASTER BATH

 

FIRST FLOOR BEDROOM

 

BACKYARD PATIO

Buying or selling a home? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

NOV
19

3-5 Bedrooms, 2.5 Baths, 2 Bedroom Garage Apartment, Pool, 13,200 SF lot

Fully restored, quintessential Queen Anne with wraparound porch on 13,200 SF lot with screen porch, brick patio, arbor, oversized garage, 2 bedroom garage apartment and pool zoned to Harvard Elementary School. Rare vintage stove, hexagon tile countertops, soapstone island with storage and floor-to-ceiling cabinets. Original trim and baseboards, dramatic cathedral vault ceiling in dining room, exposed rafters in family room and restored antique lighting are just some of the details making this beautiful, family-ready home one-of-a-kind. Click http://goo.gl/QEOInR  for more info.

Formal living room has antique sconces from August Antiques and opens to the wraparound porch.

 

View from the second floor landing of the formal dining room which sits under a dramatic cathedral stained wood ceiling.

 

View from kitchen looking towards family room with exposed rafters.

 

Master bedroom on 1st floor with multiple tall windows that bring light into the room. Custom grass dark-out shades provide the opposite effect.

 

Magnificent saltwater pool with hot tub and sun shelf surrounded by brick patio.

 

Herringbone brick patio provides a great space for summer BBQs. Wide variety of trees including live oaks, olive trees, red oaks, lemon tree, magnolias, Mexican sycamore and crepe myrtles. 

 

Garage apartment has 2 bedrooms and 1 full bath. All appliances stay including fridge. Butcher block countertops provide a nice setting.

Buying or selling a home? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

NOV
18

Yesterday, I had the privilege of touring the Houston TranStar center with many of my fellow agents in a tour organized by Boulevard Realty. For those of you who aren’t familiar, TranStar is a partnership of four government agencies (TxDOT, Harris County, METRO and the City of Houston) that are responsible for providing Transportation Management and Emergency Management services to the Greater Houston Region. This unique combination allows TranStar to efficiently and effectively pull resources so as to provide Houston with excellent and innovative transportation and emergency management services. TranStar was the first center of its kind, and today is still one of only five such facilities in the country. The four other similar sites are in New York City, Los Angeles, Austin and Louisiana.

Having graduated from Texas A&M with an Electrical Engineering degree, the engineering marvels displayed by TranStar’s Transportation Management are especially impressive to me. To see such large scale engineering feats all headquartered in one place is incredible. As the dispatch for METRO, the sheer volume that TranStar is monitoring is massive. Each day they are keeping track of 45,000 light rail passengers and over 1,100 buses during rush hour. Just to give you an idea of how large of an area they are monitoring, Harris County is larger than 23 U.S. states and is the 3rd most populous county in the nation.

TranStar is monitoring even more than just Harris County though. They know the speed on the Interstate all the way to Dallas to the north, Luling to the west, and the Louisiana border to the east. This means that, each and every day, they are tracking 83 million miles. That’s the equivalent of about 3,400 trips around the earth! Monitoring all this land means that TranStar is able to quickly deal with issues on the road not only in the Houston area, but all vehicles in TxDOT’s six county Houston District. This means doing things such as sending vehicles to remove debris or hazardous materials, giving emergency vehicles the most direct routes to an accident scene, and sending trucks to stalled vehicles. TranStar has a 98 percent success rate of getting a vehicle to these scenes in just six minutes. This has helped contribute to cutting traffic accidents by about 20 percent.

Letting the public know about drive times and traffic alerts is another valuable service of TranStar’s Transportation Management. On the road, this is done through Dynamic Message Signs (DMS), which is the fancy name for those roadside signs you see on highways that estimate drive times and notify you of issues ahead. TranStar updates these about every seven minutes. TranStar’s Traffic Map, which can be accessed on their website, shows things such as road closures, traffic incidents, and travel speeds. Average highway travel speeds of 50 MPH or greater are indicated with the color green, 40-49 MPH with blue, 30-39 MPH with yellow, 20-29 MPH with orange, and less than 20 MPH with red. TranStar shares their data with companies like Google in exchange for public service announcements. So that is where your Google Map drive times come from!

You’re probably wondering how TranStar is able to figure out things like travel speeds and estimated drive times. They uses a few different tools to get this data. In the past, EZ TAG sensor tracking was the primary source for determining this information. Various EZ TAG sensors are set up throughout the Houston area so time passed between sensors can be measured. This gives a representative sample that can then be used to extrapolate average speeds and travel times, and expected drive times. This actually is a rather inefficient method because it is very expensive and gives too small of a sample size due to the fact that many vehicles don’t have EZ TAGs. In an effort to significantly cut costs and access a larger group, TranStar recently began making use of Anonymous Wireless Address Matching (AWAM). Roadside AWAM sensors use enabled Bluetooth in things like cell phones, in-vehicle navigation, and mobile GPS systems to anonymously track the Bluetooth device’s electronic address which, like with the EZ TAG method, then allows average speeds, average travel times, and expected drive times to be calculated. The inherent value of the Bluetooth process is clear as each sensor only costs $7,500 versus $75,000 per sensor for the EZ TAG process.

The expansive engineering feats of the Transportation Management division of TranStar are what most impressed me, but it is important to note the benefit of having the Harris County Office of Emergency Management (OEM) and Transportation Management all in one place. The OEM is there to help coordinate a quick response when emergencies like hurricanes, floods or terrorist attacks arise. TranStar’s innovative combination allows OEM and Transportation Management to combine resources and work together in responding to emergency situations. This makes Houston especially well-equipped to handle emergency situations that may require evacuation.

Interesting in learning more about TranStar? Click here.

Buying or selling a home or just want to discuss TranStar? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

NOV
3

2014 was a historically good year for Texas home sales. Quite impressively, the state’s home sales to this point in 2015 have actually been better than in 2014. In fact, according to the Texas Quarterly Housing Report for the third quarter of 2015, the state is likely to pass the record number of home sales set in 2007. Texas Association of REALTORS® Chairman Scott Kesner says “at this current pace, 2015 could very well surpass 2007 as a record year for Texas home sales.”

The 91,704 single-family homes sold in the state during the third quarter of 2015 represents a notable 7.8 percent increase over the third quarter of 2014. Number of sales are not the only market statistic that are rising significantly though. The statewide median price for single-family homes during this year’s third quarter rose to $199,900. That is 7.7 percent higher than during the third quarter of 2014. Months of inventory rose slightly, going from 3.9 months supply during last year’s third quarter to 4.0 months supply during 2015’s third quarter. In addition, the number of active listings during the quarter increased 7.6 percent from the same time last year. Even with the notable increase in active listings, days on the market actually dropped from 57 during the third quarter of 2014 to 51 this year.

Houston sales numbers for the third quarter were quite good as well. The 23,109 homes sold in the quarter amounts to a 1.3 percent increase over the number of homes sold during the third quarter of a very strong 2014. This was also the second largest of any metro area in the state. Houston only trailed Dallas-Fort Worth which sold an impressive 28,074 homes during this year’s third quarter. That number meant a substantial 8.9 percent year-over-year increase. Median home price for Houston single-family homes, much like in the rest of the state, rose a meaningful amount. It was up to $215,000 during the third quarter which is a 6.5 percent increase over 2014’s third quarter.

The good sales numbers for Houston are rather remarkable considering the number of available homes in the city is rising significantly. The number of active listings during the third quarter climbed a whopping 28.2 percent year-over-year. Months of inventory for the third quarter, while still below the statewide number of 4.0, was up to 3.4 months supply from 2.7 months during the same period last year.

Looking to buy or sell a home, or just have questions about the market? Always feel free to contact me at 713.829.3052 or cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

OCT
27

Election Day is right around the corner on Tuesday, November 3rd. I encourage everyone to get out and do their part by voting! One issue that I, as a realtor, am particularly interested in is State Prop 1. I stand with the Houston Association of Realtors in advocating FOR State Prop 1 on next month's ballot. State Prop 1, among other things, lowers property taxes and prevents a transfer tax. The Houston Association of Realtors covered the specific advantages of the proposition and I'm glad to share those with you.--Cynthia

The following is courtesy of the Houston Association of Realtors.

What does the State Prop 1 do?

  1. Lowers property taxes by increasing the state-mandated homestead exemption for school districts from $15,000 to $25,000, which saves you money … every year. Every Texas homeowner will save more than $125 every year.
  2. Provides tax relief to seniors and disabled Texans by extending the full benefit of the new homestead exemption, which protects some of our most vulnerable homeowners. The way the constitution is written, we have to “unfreeze” the current exemptions so we can increase it (to the new amount) … then we freeze it again at the higher exemption (this means lower taxes for seniors and disabled Texans).
  3. Prevents local governments from “undoing” the property tax relief the state is offering, which ensures you keep more of your hard-earned money.
  4. Prohibits state and local governments from slapping a sales tax on real estate transactions in Texas, which stops a tax that burdens consumers in 36 other states. This will remove a barrier to homeownership which will keep homeownership affordable as well as avoid double-taxation on property.

Election Day is Tuesday, November 3 and early voting runs from Monday, October 19 through Friday, October 30. Please visit www.TexansForProp1.com for more information!

To find your Election Day Polling Location visit www.harrisvotes.org .

Check out the full article here.

Buying or selling a home or just want to discuss State Prop 1? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

OCT
26

Many people struggle to decide when is the right time to purchase a home. There is a popular school of thought that you should wait until the housing market is in your favor before buying a home. Those subscribing to this way of thinking are reluctant to buy a home unless they feel that home prices and mortgage rates are low enough. As Lawrence Yun explains though, you really should be buying instead of renting regardless of the state of the housing market.

In an article for Forbes, Yun breaks down the difference in net worth between homeowners and renters. The difference is truly gaping. In 2013, according to the Federal Reserve, the net worth of a typical homeowner was $195,400 versus only $5,400 for the typical renter. The next figures will be released in 2016. Based on the state of the market since 2013, and with a conservative projection of what will happen in 2016, the gap should only widen when next year’s numbers are released. Projections are showing the net worth of the average homeowner to jump to around $225,000 while renters’ net worth should be down to around $5,000. These numbers make it hard to argue against buying a home.

Yun gives a simple example to illustrate the steady wealth accumulation of a homeowner. Most homebuyers take out a 30-year fixed rate mortgage when purchasing a home. He explains that the increase of the home price over that time is the equity the homeowner accumulates. So, if you consider the change of the median home price of a single-family home over the last 30 years from $75,500 to $220,000, that would mean someone who bought a home in 1985 would have accumulated $144,500 of equity through the life of their mortgage. Even if home prices stayed exactly the same, after the 30 years the homeowner still has $75,500 of wealth and no more monthly mortgage or rent to pay.

This is just a simple example used to clearly demonstrate the monetary value of buying a home. Yun acknowledges that situations rarely play out exactly like this in the real world as people often times change houses before the life of that 30 year mortgage is up. He points out though that these housing changes are made easier because of the equity built up during the span of owning the original home.

An argument can be made that the stock market offers a bigger return than real estate, but there is a sense of stability in real estate investments. The stock market can be volatile as prices can fluctuate drastically. By contrast, buying a home in a desirable area is almost always a safe and sound investment. It is rare for prices in a desirable area to go down so your risk is minimal.

Yun recognizes that timing does hold significance when considering whether to buy a home. The timing should deal more with your financial standing though and not the standing of the market. Many young adults under the age of 25 have not found the financial standing necessary to buy a home, while those between the ages of 45 and 55 are in their “prime-earning years”. This is reflected in homeownership statistics for these two groups. Historically, the homeownership rate for households under 25 is a little below 25% while about 75% of people between the ages of 45 and 55 own a home. Your financial standing is obviously important when considering whether or not to buy a home. But the state of the housing market is not. You shouldn’t wait for low home prices. As the numbers show, buying a home is a sound financial investment that can help you steadily build wealth and come out far ahead of renters.

Buying or selling a home? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

OCT
19

Courtesy of Houston Association of REALTORS® 

MLS Report for September 2015

Home prices claim September highs while inventory grows

HOUSTON — (October 14, 2015) — After a relatively flat performance in August, the Houston housing market kept pace with last year's record sales volume and prices throughout September. Just as in August, homes priced between $150,000 and $500,000 saw moderate gains, while the low and high ends of the market declined.

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), September single-family home sales totaled 6,691 units compared to 6,463 a year earlier, an increase of 3.5 percent. It took 49 days for the average home to sell versus 48 days in 2014.

Months of inventory, the estimated time it would take to deplete the current active housing inventory based on sales over the previous 12 months, grew from a 2.9-months supply last September to a 3.5-months supply. Inventory has held at a 3.5-months supply for the past three months, but remains below the current national housing supply of 5.2 months of inventory.

Home prices reached September highs, with the average price of a single-family home up 0.5 percent year-over-year to $270,901. The median price—the figure at which half the homes sold for more and half for less—jumped 4.5 percent to $208,000.

Sales of all property types totaled 8,024 units, up 2.2 percent compared to September of last year. Total dollar volume rose 3.8 percent to $2.1 billion.

"September showed a bit more vitality than August, and considering that we are comparing to a record 2014 sales year and remain in a climate of energy-related layoffs, I'd say that the Houston real estate market is truly holding its own," said HAR Chair Nancy Furst with Berkshire Hathaway HomeServices Anderson Properties. "Sales inventory has been stable for the past three months and we expect it to grow in the last quarter of 2015."

September Monthly Market Comparison

The Houston housing market saw across-the-board gains in the September 2015 versus 2014 analysis, with single-family home sales, total property sales and total dollar volume all up, while prices reached record highs for a September.

Month-end pending sales for single-family homes totaled 6,602, a 3.7 percent decline from a year earlier, which might suggest slower sales when the October numbers are tallied. Active listings, or the number of available properties, at the end of September rose 17.6 percent to 34,041.

Houston’s housing inventory has held at a 3.5-months supply since July of this year, but is up from the 2.9-months supply recorded in September 2014. That still remains below the current 5.2-months national supply of homes reported by the National Association of Realtors (NAR).

CATEGORIES SEPTEMBER 2014 SEPTEMBER 2015 CHANGE
Total property sales 7,848 8,024 2.2%
Total dollar volume $2,002,031,499 $2,078,301,152 3.8%
Total active listings 28,946 34,041 17.6%
Single-family home sales 6,463 6,691 3.5%
Single-family average sales price $269,629 $270,901 0.5%
Single-family median sales price $199,000 $208,000 4.5%
Single-family months inventory* 2.9 3.5 20.7%
Single-family pending salses** 6,854 6,602 -3.7%

* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.
** Effective May 2015, in an effort to be consistent with industry standards, the Houston MLS is now including all categories of pending sales in its reporting. Previously, the Houston MLS did not include “option pending” and “pending continue to show” listings in its reporting of pending sales. The new methodology is now all-inclusive for listings that went under contract during the month.

Single-Family Homes Update

Single Family

Single-family home sales totaled 6,691 in September, up 3.5 percent from September 2014. Home prices reached the highest levels ever for a September in Houston. The single-family average price rose 0.5 percent from last year to $270,901 and the median price jumped 4.5 percent year-over-year to $208,000. The average number of days it took to sell a home, or Days on Market (DOM), was 49 in September versus 48 days a year earlier.

Single-family home sales tracked on a year-to-date basis were flat in September at 57,302.

Broken out by housing segment, September sales performed as follows:

  • $1 - $79,999: decreased 23.0 percent
  • $80,000 - $149,999: decreased 16.5 percent
  • $150,000 - $249,999: increased 15.6 percent
  • $250,000 - $499,999: increased 16.0 percent
  • $500,000 and above: decreased 10.4 percent

Single Family Average Home Price

HAR also breaks out the sales figures for existing single-family homes. Existing home sales totaled 5,726 in September, up 2.7 percent versus the same month last year. The average sales price was unchanged year-over-year at $250,404 while the median sales price rose 5.2 percent to $192,000.

Townhouse/Condominium Update

Sales of townhouses and condominiums fell 4.5 percent in September. A total of 599 units sold compared to 627 properties in September 2014. The average price, however, rose 4.5 percent to $207,119 and the median price edged up 1.3 percent to $155,000. Inventory grew from a 2.5-months supply to 3.2 months.

Townhouse/Condominium Sales

Lease Property Update

Demand for single-family lease homes and townhomes/condominiums were flat in September. The average rent for single-family homes rose 2.3 percent to $1,792, while the average rent for townhomes/condominiums was unchanged at $1,533.

Houston Real Estate Milestones in September

  • Single-family home sales rose 3.5 percent compared to September 2014;
  • Total property sales were up 2.2 percent (8,024 units);
  • Total dollar volume increased 3.8 percent to $2.1 billion;
  • At $270,901, the single-family home average price reached a record high for a September;
  • At $208,000, the single-family home median price also achieved a record September high;
  • Single-family homes months of inventory climbed to a 3.5-months supply versus 2.9 months a year earlier.

The computerized Multiple Listing Service of the Houston Association of REALTORS® includes residential properties and new homes listed by 31,000 REALTORS® throughout Harris, Fort Bend and Montgomery counties, as well as parts of Brazoria, Galveston, Waller and Wharton counties. Residential home sales statistics as well as listing information for more than 50,000 properties may be found on the Internet at http://www.har.com.

The information published and disseminated to the HAR Multiple Listing Services is communicated verbatim, without change by Multiple Listing Services, as filed by MLS participants.

The MLS does not verify the information provided and disclaims any responsibility for its accuracy. All data is preliminary and subject to change. Monthly sales figures reported since November 1998 includes a statistical estimation to account for late entries. Twelve-month totals may vary from actual end-of-year figures. (Single-family detached homes were broken out separately in monthly figures beginning February 1988.)

Founded in 1918, the Houston Association of REALTORS® (HAR) is a 31,000-member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest individual dues-paying membership trade association in Houston as well as the second largest local association/board of REALTORS® in the United States.

Looking to buy or sell a home, or just have questions about the market? Always feel free to contact me at 713.829.3052 or cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my statshttp://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

 

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

OCT
16

2014 was a spectacular year for the Houston housing market. This holds true for the Heights as well. Expectations coming into 2015 though were that the market would take a huge hit. Oil prices were plummeting and housing inventory was rising. With that in mind, experts predicted that Houston home sales as a whole, and thus Heights home sales, would fall drastically. However, with three fourths of the year gone, year-to-date Heights sales numbers have actually held their own.

Through September of a very strong 2014, 494 Heights homes had been sold. By comparison, through September of this year, 477 homes have been sold. That amounts to only a 3.4 percent year-over-year drop. Considering oil prices, rising inventory and the historic home sales of 2014, this is a rather small decline.

While Heights home sales are a little behind last years numbers, the average price of homes sold in the area is actually up. The average price through September of 2014 was $586,650. That number has risen 7 percent year-over-year to $627,911 at this September’s end. Average price per square foot is also up to $280.57 from $272.35. That amounts to a 3 percent increase.

The biggest year-over-year change though, is seen in days on the market (DOM). Through the first nine months of 2014, the average DOM was 37. Nine months into 2015, the average DOM is up to 46. That comes out to a rather large increase of 24.3 percent. Because inventory has been so low the past couple years, the DOM has remained relatively low as well. But with inventory growing at a rapid rate, DOM is now seeing a significant increase as well.

All in all, with only three months remaining in 2015, the Heights market sits in a fairly good place. As evidenced by the higher DOM, homes are taking longer to sell, but nearly as many homes have been sold thus far in 2015 as through this point in an exceptionally robust 2014. Add in the fact that homes are selling for higher prices and 2015 should be considered a success for the Heights market so far. With a few strong months to close out the year, we could maybe even catch last year’s home sales!

Looking to buy or sell a home, or just have questions about the market? Always feel free to contact me at 713.829.3052 or cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

OCT
15

2 Bedroom, 1 Bath, 2-Car Attached Garage, 5,000 SF Lot

Lovingly updated and restored 1920's home on corner lot of Norhill. Featured in Heights home tour, 2 car attached garage, custom kitchen, walk-in pantry, gas fireplace, and reclaimed front porch wood floors from Schudde Bros Hat Company. Double closets in master, lots of windows, new roof, a/c, and garage doors (June 2014). Wonderful outdoor living thanks to extensive decking, fully fenced front and side yard with mature orange and fig trees. Click http://goo.gl/uJO3P1 for more info.

LIVING ROOM

 

KITCHEN

 

MASTER BEDROOM

 

BACKYARD

Buying or selling a home? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

OCT
12

3-5 Bedrooms, 2.5 Baths, 2 Bedroom Garage Apartment, Pool, 13,200 SF lot

Fully restored, quintessential Queen Anne with wraparound porch on 13,200 SF lot with screen porch, brick patio, arbor, oversized garage, 2 bedroom garage apartment and pool zoned to Harvard Elementary School. Rare vintage stove, hexagon tile countertops, soapstone island with storage and floor-to-ceiling cabinets. Original trim and baseboards, dramatic cathedral vault ceiling in dining room, exposed rafters in family room and restored antique lighting are just some of the details making this beautiful, family-ready home one-of-a-kind. Click http://goo.gl/QEOInR  for more info.

Formal living room has antique sconces from August Antiques and opens to the wraparound porch.

 

View from the second floor landing of the formal dining room which sits under a dramatic cathedral stained wood ceiling.

 

View from kitchen looking towards family room with exposed rafters.

 

Master bedroom on 1st floor with multiple tall windows that bring light into the room. Custom grass dark-out shades provide the opposite effect.

 

Magnificent saltwater pool with hot tub and sun shelf surrounded by brick patio.

 

Herringbone brick patio provides a great space for summer BBQs. Wide variety of trees including live oaks, olive trees, red oaks, lemon tree, magnolias, Mexican sycamore and crepe myrtles. 

 

Garage apartment has 2 bedrooms and 1 full bath. All appliances stay including fridge. Butcher block countertops provide a nice setting.

Buying or selling a home? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

SEP
29

Recently, a few other Boulevard Realty agents and I had the honor of attending a Lunchtime Conversation with Mayor Annise Parker. This is part of the Brilliant Lecture Series which provides a forum for national and international leaders, artists and other prominent figures to educate and inspire our community. The focus of the mayor’s lecture was on quality of life in Houston. She discussed how it has improved during her tenure, and what plans are in place to continue its ascension. Many topics were covered, ranging from eliminating homelessness in the city to the plan to do away with our city jails.

Sustainability was one topic which particularly interested and excited me. There are a couple causes central to the city’s effort to enhance its sustainability. One of those stems from the city’s plan to increasingly make use of greywater in a positive way. Greywater is the relatively clean wastewater from things like bathtubs, showers, sinks and washing machines. Unlike blackwater, it does not come from toilets. In some areas of the country such as parts of California and even El Paso, getting clean water is a serious problem. Toilet to tap water methods are used to deal with these problems. Houston, luckily, has no shortage of clean water.

So, the challenge for us is not figuring out how to get more clean water, but how to make more efficient use of our water supply through actions such as recycling greywater. Up to 60 percent of our city water is used for landscaping. Greywater is perfectly fine for landscaping use and thus, Mayor Parker’s administration is aggressively putting plans into place to properly utilize it. The city is doing things such as taking the abundance of greywater found at an airport and putting it into keeping golf courses green. Measures like this will make sure that greywater is no longer pushed aside and instead is properly utilized.

The other sustainability cause that the city is most closely focused on deals with making our street lights more efficient and sustainable. Last year, partnering with Centerpoint, the city of Houston put a plan into motion to switch all Houston street lights from high pressure sodium, mercury vapor and metal halide bulbs to LED ones. It is scheduled to take five years to switch all 165,000 street lights over to LED bulbs. LED lights not only last longer than traditional bulbs, but also use much less energy. The replacement, which is the largest of its kind in the nation, will reduce street light energy usage by 50 percent and, over the life of the project, will save Houston over $28 million. Now that is my kind of sustainability!

Another interesting area of focus during Mayor Parker’s lunchtime talk was the parks of Houston. The Bayou Greenways 2020 plan and Buffalo Bayou Park project have been well publicized, but exciting things are happening with other Houston parks as well. Hermann Park is in the process of a series of upgrades. One of the most impressive of these would be the complete transformation of McGovern Centennial Gardens at Hermann Park. The renovation took 8 years from start to finish and was completed, as its name would suggest, on the park’s 100th anniversary last year. McGovern Centennial Gardens is a collection of a variety of gardens spanning 8 acres. The breathtaking centerpiece of the gardens is a 30 foot mount featuring an observation deck up top and a cascading artificial waterfall down its center. Be on the lookout for more improvements to this historic city park.

Maybe even more off the radar for many Houstonians would be a couple of extreme sports parks. Spring Skatepark, which opened in August of last year in North Houston is the largest skatepark in North America. The skatepark has something to offer for skaters of all levels, from beginner to professional. In fact, it is officially recognized as a competition class park, meaning it could very well be home to future skate competitions such as the Summer X Games. Coupled with Joe Jamail Skatepark, which is just west of downtown, Houston is now home to two world class skateparks. The city will soon have a place for BMX bikers to call home as well. A bikepark is set to open right across the way from Spring Skatepark this December. It will also be competition class. Having such high quality extreme sports parks is a major plus for many Houstonians, but will also draw people to Houston who may not have come here otherwise.

Having lunch with Mayor Parker was an absolute delight. As someone who loves the city of Houston, it was thrilling and fascinating to hear the mayor reflect on all the things done during her tenure to improve the quality of life for Houstonians. Hearing that plenty more plans and projects have already been set in motion and will be completed in the near future is even more exciting. Leaving the luncheon, there was no doubt in my mind that it’s a good time to call Houston home!

Buying or selling a home or just want to discuss quality of life in Houston? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

SEP
25

3-5 Bedrooms, 2.5 Baths, 2 Bedroom Garage Apartment, Pool, 13,200 SF lot

Fully restored, quintessential Queen Anne with wraparound porch on 13,200 SF lot with screen porch, brick patio, arbor, oversized garage, 2 bedroom garage apartment and pool zoned to Harvard Elementary School. Rare vintage stove, hexagon tile countertops, soapstone island with storage and floor-to-ceiling cabinets. Original trim and baseboards, dramatic cathedral vault ceiling in dining room, exposed rafters in family room and restored antique lighting are just some of the details making this beautiful, family-ready home one-of-a-kind. Click http://goo.gl/QEOInR  for more info.

Formal living room has antique sconces from August Antiques and opens to the wraparound porch.

 

View from the second floor landing of the formal dining room which sits under a dramatic cathedral stained wood ceiling.

 

View from kitchen looking towards family room with exposed rafters.

 

Master bedroom on 1st floor with multiple tall windows that bring light into the room. Custom grass dark-out shades provide the opposite effect.

 

Magnificent saltwater pool with hot tub and sun shelf surrounded by brick patio.

 

Herringbone brick patio provides a great space for summer BBQs. Wide variety of trees including live oaks, olive trees, red oaks, lemon tree, magnolias, Mexican sycamore and crepe myrtles. 

 

Garage apartment has 2 bedrooms and 1 full bath. All appliances stay including fridge. Butcher block countertops provide a nice setting.

Buying or selling a home? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

SEP
22

2 Bedrooms, 2 Baths, 2-Car Garage, 6,000 SF Lot

Stylish renovated bungalow on 6000 SF lot in Sunset Heights nestled btw Cortlandt & Arlington. Relax on wood deck overlooking backyard large enough for a pool. Kitchen boasts granite countertops, wine storage, under cabinet lights, island and breakfast bar. Vintage telephone niche in hallway is a reminder of the home's origins. Granite vanities in both baths. Master bath has double sinks. Appliances, 30yr roof, wiring, HVAC, plumbing, all fixtures, water heater and insulated windows installed 2010. Click http://goo.gl/kO2u9t for more info.

LIVING ROOM

 

KITCHEN

 

MASTER BEDROOM

 

BACKYARD

Buying or selling a home? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

SEP
21

2 Bedroom, 1 Bath, 2-Car Attached Garage, 5,000 SF Lot

Lovingly updated and restored 1920's home on corner lot of Norhill. Featured in Heights home tour, 2 car attached garage, custom kitchen, walk-in pantry, gas fireplace, and reclaimed front porch wood floors from Schudde Bros Hat Company. Double closets in master, lots of windows, new roof, a/c, and garage doors (June 2014). Wonderful outdoor living thanks to extensive decking, fully fenced front and side yard with mature orange and fig trees. Click http://goo.gl/uJO3P1 for more info.

LIVING ROOM

 

KITCHEN

 

MASTER BEDROOM

 

BACKYARD

Buying or selling a home? Give me a call at 713.829.3052 or email me at cynthia@cynthiamullins.com.

...............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

client experience rating: http://goo.gl/bCoMo
email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1
my stats: http://goo.gl/hFWEoR

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins

Houston condominiums, Houston high-rises, Houston home builders, Houston home prices, Houston home rentals, Houston home value, Houston homes, Houston homes for rent, Houston homes for sale, Houston house, Houston house value, Houston houses, Houston housing, Houston listings, Houston MLS, Houston neighborhoods, Houston new homes, Houston properties, Houston property, Houston real estate, Houston real estate agents, Houston real estate associates, Houston real estate brokers, Houston real estate companies, Houston real estate firms, Houston real estate information, Houston real estate listings, Houston real estate market, Houston real estate schools, Houston real estate service providers, Houston real estate solds, Houston real estate values, Houston real estate, Houston realtors, Houston relocation, Houston schools, Houston single family homes, Houston sold home prices, Houston sold homes, Houston subdivisions, Houston town homes, Houston heights real estate housing market homes for sale buying selling inner loop properties Houston Texas TX OPEN Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 Houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan High School

 
ARCHIVE
TOOLS
View subdivision price trends for the past 13 years, and create comparative subdivision analysis reports online.
View a list of my sold listings.
Search for information on Houston and Texas schools based on the county, district, campus and/or zip code.
Includes residential home sales statistics for residential properties and new homes listed by REALTORS®
Information source for mortgage info, lenders, refinancing and more!
Providing links to valuable Real Estate news and Information.
Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
Copyright© 2016, HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved.