Home Values & Subdivision Trends Conroe TX
Market Results for July 2015
Your residence is one of your most critical long term investments. Not only is it a key financial position, but it provides shelter and sense of place summed up in the word – home. It is a place?children grow up, memories are made, friends are entertained and so much more. It is important to you in so many ways more than its sheer value, but in the end most people want to know what their home worth in today’s real estate market.
Each month, we will provide you a snapshot of the Lake Conroe Real Estate Market based on information derived from the Houston Association of Realtors Multiple Listing Service or HAR MLS for those who like acronyms.
Conroe/Lake Conroe Trends
July 2015 was a hot month in the Lake Conroe Real Estate Market. There were 277 homes sold during the month which slightly exceeded Junes result. July was the second highest month on record behind August 2014. The largest segment of homes sold were in the $100,000-$400,000 range at 59% of the total sold. The $400,000 to $600,000 range was an additional 22% of the total sold.
There was an additional 451 homes that were under contract which was down 8.2% from June. Overall, there were 1359 homes listed for sale and awaiting buyers as of the first of August. That was almost 20% below the historic peak number of listings in 2008.
We monitor five subdivision for comparative performance. During July, Grand Harbor had the best sales to listing ratio at 44% while properties in April Sound sold faster. Grand Harbor had the highest average listing price at $689, 421 and the highest average selling price at $546,472 on nine properties.
|MONTHLY SUBDIVISION SUMMARY|
|Jul-15||Number of Homes on 7/31/15||Average Days on Market|
|Subdivision||Active||Pending||Sold||% Listings Pending or Sold||Active||Pending||Sold|
|April Sound||$???? ? ? 355,946||$???? ? ? 257,101||$???? ? ? 200,532|
|Bentwater||$???? ? ? 619,228||$???? ? ? 534,440||$???? ? ? 498,606|
|Grand Harbor||$???? ? ? 689,421||$???? ? ? 319,998||$???? ? ? 546,572|
|Point Aquarius||$???? ? ? 273,113||$???? ? ? 174,987||$???? ? ? 273,113|
|Walden||$??????? 325,348||$??????? 206,146||$???????? 198,257|
If you would like to understand the value of your home in today’s market or looking for a home in the Lake Conroe area, please contact us at John@HooverLakeConroe.com or Michelle@HooverLakeConroe.com
Posted By: John & Michelle Hoover at Lake Conroe Realty