Hoover Lake Conroe Realty Agents Montgomery County TX

Home Values & Subdivision Trends Conroe TX

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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.

Subdivision Results

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 67 26 25 43% 66 49 46
Bentwater 146 23 10 18% 126 95 64
Grand Harbor 31 15 9 44% 87 19 64
Point Aquarius 23 7 6 36% 91 53 76
Walden 131 52 37 40% 99 44 52
AVERAGE PRICING
Subdivision 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

View Lake Conroe Subdivisions

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 Real Estate