Based on per capita income, Piney Point Houston is the wealthiest region in Texas. It is among the six independent cities that make the affluent Memorial Villages.
Due to this Piney Point Houston homes for sale exudes elegance and opulence that makes it a desirable community to live in.
Over the last decade, Piney Point homes posted a median sales price appreciation rate of as much as 108%. This tremendous increase illustrates the overall strength of Piney Point real estate market.
This can be highly attributed to the increasing trend of replacing old ranch style homes with custom-built homes that exude luxury living.
This impressive real estate market performance of Piney Point Houston homes increases the challenge of buying and selling in the community because of the stiff competition.
Property values of Piney Point homes for sale remains one of the strongest in the area, with its impressive price change from $1,346,500 in 2005 to $2,797,500 in 2014 – an striking 108% increase.
Due to the trend of updating homes, the average price per square foot in Piney Point is now at its highest. From its $243 value in 2005, Piney Point homes now sell for $425 per square feet, a 75% increase in just 10 years.
Land prices per square foot also posted 109% appreciation rate from $22 to $46 in just a decade. This is largely due to the increasing demand of properties in the neighborhood.
Although Piney Point Houston real estate’s one-year price change only posted a 15% increase, its real estate market remains strong and is expected to move positively in the coming years. Lot prices continue to increase; posting a 48% increase from 2013 to 2014 and this will push the median sales price up.
Source: Piney Point Houston
About Paige Martin - Top-ranked Houston Realtor
Featured on the Houston Chronicle, Fox News in the Morning, and Houston Magazine, Paige Martin is a consistent Top Producing Broker-Associate and owner of Houstonproperties.com. She levels among the very top Keller Williams agents in Houston.
Paige was once ranked as #1 Individual Agent in the Keller Williams Memorial Office for 2010, 2011, and 2012. She continues to be a reliable agent, winning various awards from 2007-2013 for her production accomplishments.
Some of her awards include Houston Realtor of Excellence Award, Five Star Professional Real Estate Agent (awarded to less than 7% of Houston realtors), Top Google Houston Real Estate Award, Houston Realtor Par Excellence Award, and Talk of the Town Award for Excellence in Customer Satisfaction.
More than 75 of her previous clients attest to her credibility and even recommended her through YouTube videos, LinkedIn, and HAR. You can read one of them below.
"It was a blessing to come across your web site! Since I had to move to an area I didn't know anything about or know anyone else in Houston, it was wonderful to work with someone who understood my goals and desires and really made me feel at home in Houston. Not only did I meet one of the best Houston realtors, but I feel I made a lifelong friend. Thank you!"