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The Forest of Friendswood Market Report for Summer '11

By
Real Estate Agent with David Tracy Real Estate License # 0577361

The Forest of FriendswoodThe Forest of Friendswood is one of Friendswood’s most desirable communities. Located off of FM 2351 near Melody Lane, The Forest is convenient to the heart of Friendswood with easy access to I-45, and FM 518.

 

Builders who originally constructed most of the homes in The Forest were Emerald, Perry, Cervelle, and some higher-end custom homebuilders. Most of the homes in The Forest were constructed from 1998-2005. There is no longer any new construction in The Forest, although there are a few lots left in Northfield Estates, which is adjacent to The Forest, and participates in The Forest Homeowners' Association.

 

There are currently 17 homes for sale in The Forest of Friendswood, ranging in price from $264,900 to $895,000. The average asking price per square foot is $119.86, and the average asking price is $474,170. The home prices in The Forest have been pretty stable over the last year.

 

There have been 15 homes sold in The Forest since June 1, 2011. Those homes were on the market an average of 118 days. Most of the homes sold were under $400,000.

 

JUNE 2011 – 5 homes sold

$280,000

$265,000

$302,500

$380,000

$495,000

These homes sold for an average of 95% of the asking price.

 

JULY 2011 – 1 home sold

$329,000

This home sold for 98% of the asking price.

 

AUGUST 2011 – 8 homes sold

$200,000

$263,700

$275,000

$308,000

$393,000

$385,000

$589,000

$684,000

These homes sold at an average of 94% of the asking price.

 

SEPTEMBER 2011 – 1 home sold

$650,000

This home sold for 93% of the asking price.

 

For assistance buying or selling a home in The Forest of Friendswood, call local Realtor, Rose King!

 

 

Posted by

Rose King 



Serving you in Friendswood, Pearland, Alvin, Manvel, Rosharon, League City, Webster, Clear Lake, South Belt, and the Houston Bay Area

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Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

This is such a nice subdivision all of your potential customers and clients will appreciate this information.

Oct 04, 2011 10:16 AM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Rose great information for both buyer and seller at The Forest of Friendswood subdivision.

Oct 04, 2011 01:21 PM