MEYERLAND SUBDIVISION HOMES SALES, HOUSTON, TX - MARKET REPORT -MARCH 2010

BOUNDARIES OF MEYERLAND IN HOUSTON, TX

The boundaries of the Meyerland subdivision in Houston, TX are: South of Beechnut, North of Bellfort, West of S Post Oak and East of Chimney Rock

Meyerland is a residential area situated on the banks of the Brays Bayou at the outer southwest corner of Loop 610, just south of the city of Bellaire.Just a 15-minute drive (or less) to downtown Houston, the Texas Medical Center, the Galleria, and the Reliant Park complex, the Meyerland community boasts excellent accessibility, beautiful parks, and strong community leaders. Homes range in price from the mid $100,000's (usually lot value) to the $1,000,000's. While some of the homes are the original 1950s bungalows, others are new construction from homeowners who like Meyerland's ease and convenience.

DEVELOPMENT OF MEYERLAND, HOUSTON, TX

Meyerland is the concept of three generations of the Meyer family. In the late 1800's, Joseph F. Meyer started buying land in the southwest part of the area surrounding Houston, eventually accumulating 6,000 acres of which he paid less than $5 per acre. In the mid-1950's Joseph's son, George, saw the possibilities of a prestigious subdivision and after his father's death, son George took the 1,200 acres he inherited and created Meyerland with 2,700 lots and an 80-acre reserve for a shopping center. George Meyer proceeded to develop homes that were affordable enough to attract middle America. Look magazine called Meyerland a "state-of-the-art neighborhood" while House and Home magazine claimed it was the "ideal plan for a subdivision." Meyerland might be termed Houston's first "planned community" in that Meyer held to stringent deed restrictions and strong architectural controls for its development. Characteristic of Meyerland are brick, contemporary styled homes, three and four bedrooms with two baths, an uncommon feature when built.
 
MEYERLAND PLAZA - SHOPPING CENTER

Meyerland Plaza Shopping Center was opened in 1957 as Houston's second regional mall and was managed by George Meyer's oldest daughter, Leota Meyer Hess.The third generation of the Meyer family sold the center in 1984. After years of neglect, in the mid-90s it was purchased and renovated by a new owner. The revival of Meyerland Plaza brought 927,000 square feet of new shopping space to Meyerland and the plaza now includes a variety of 50 shops and restaurants, several of which opened spring 2005.

MEYERLAND SCHOOLS

 
Schools - Meyerland has numerous Houston Independent School District (HISD) Exemplary schools and is zoned to nationally acclaimed Bellaire High School.Zoned neighborhood elementary schools include Kolter Elementary School and Lovett Elementary School, both located in Meyerland. The neighborhood is also served by Johnston Middle School (located in Meyerland), Pershing Middle School (located in Braeswood Place), and Pin Oak Middle School in the city of Bellaire (pupils zoned to Johnston have the option to attend Pin Oak), and Bellaire High School located in the city of Bellaire.

MEYERLAND LIBRARY

The Houston Public Library system operates the Meyer Branch Library at 5005 W. Bellfort, which serves the Meyerland community.

MEYERLAND HOME SALES, HOUSTON, TX - MARKET REPORT - MARCH 2010

Meyerland residents continue to enjoy increased property values as reflected in the following data provided by the Houston Association of Realtors. There were 5 single family homes sold in February with prices ranging from $279,500 to $735,000 averaging $149.19 per square foot.

Currently there are 35 active available homes for sale in Meyerland with list prices ranging from $265,000 to $1,095,000. The wide range in price reflects the new construction homes however the majority of homes are 3 to 4 bedrooms, 2 baths, 2000 plus sq. ft. constructed in the 1950's and 1960's. There are 15 properties in option pending, pending continue to show and pending stages.

Based upon information gathered from the Houston Association of Realtors only one Meyerland home sold in the month of January. This was a 4 bedroom, 3/1 bath, 3,542 square foot home and it sold for $400,000.

There were 7 single family homes sold in December with prices ranging from $207,000 to $509,000 averaging $144.24 per square foot.

2006 was a good year for homeowners in Meyerland as we saw 109 properties sold ranging in price from$197,000 up to $1,150,000 with an average sales price of $368,966 or $133.73 per square foot showing a definite upward trend. These figures are based on data collected from the Houston Association of Realtors.

There were 89 single family homes sold in 2007 with prices ranging from $200,000 to $1,000,000 averaging $144.73 per square foot.