No Sky Rocket = No Free Fall
In the great state of Texas in general and The Woodlands specifically, we’re fortunate. When real estate markets across the nation were rock n’ roll’n with 20% or more appreciation per year, our local appreciate rates here were stuck in the puny low single digit range – we were bummed, no free money for us.
Fast forward to now. Because our home values didn’t sky-rocket, they didn’t free-fall. Take a look at this Average Price Per Square Foot graph. Rock steady for the past two years. (You can check out other market report graphs HERE.)
One of the primary factors dragging home price into the dungeons is foreclosures. The more foreclosure activity, the lower the prices go. While we have foreclosures in The Woodlands, there aren’t enough of them to drag our home prices down, in fact they’re sorta uncommon. Take a look at this property foreclosure Google Map
for The Woodlands. The bigger RED markers are foreclosed properties currently listed for sale. The other dots represent properties that are some stage of foreclosure. If you Click On The Map you will launch the live and interactive map, then you can dink around for yourself. Each of the little red dots has a link to additional property information and properties.
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