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Market Trends 2012 Update for Current Homes Available in Firethorne Katy Texas

By Robert Bob Gilbert

Real Estate Agent with Berkshire Hathaway HomeServices Anderson Properties TX Real Est. 567774

March 13, 2012 01:01 AM

Market Trends 2012 Update for Current Homes Available in Firethorne Katy Texas

What is happening in the Firethorne Real Estate Market?

The Real Estate market in South Katy Texas (MLS area 36) is basically defined by what occurs in the numerous Master Planned Communities which are scattered across the whole area. I have written several detail market reports about Firethorne in the past with the last on being a December 2011 Year to Date report which you can see right here.

The Chart is showing current listings of homes for sale in Firethorne in Katy Texas by price point ranges during March, 2012.

HOMES AVAILABLE IN FIRETHORNE
March 2012

DOLLAR	NUMBER	DISTRESSED	NUMBER	% OF	CHANGE
PRICE POINTS	OF HOMES	PROPERTY		Total	FROM JAN.

	0				0
100,000-150,000	0				0
150,000 - 200,000	7				0
200,000 - 250,000	12				(1)
250,000 - 300,000	18		37	55.2%	8
300,000 - 350,000	8	1		11.9%	3
350,000 - 400,000	5			7.5%	(3)
> 400,000	16			23.9%	9
FORECLOSURE	0				0
SHORT SALE	1			1.5%	1

TOTAL	67			100.00%	17

As shown above there are 67 homes currently available in Firethorne with only 1 home or 1.5 % of the total being classified as Distressed (Foreclosure or Short Sale). The Distressed Homes are not having any significant impact on the market in Firethorne or for that matter a vast majority of the submarkets in Katy Texas. My report for Grand Lakes had the same observation. Since January 2012, there has been a increase in available homes by 17 homes or 34 %. The new home builders recently opened a section east of highway 1463 and the increase mainly reflects the builders putting several new spec homes on the market during early 2012 in advance of spring. At the same time there has been a decrease of 7 homes priced at less than $300 K as the inventory of reasonably priced homes in Firethorne has increased. Right now only 55.2 % of the available homes are priced at less than $300 K while during January that statistic was 60.0 %. The new homes added to the inventory in the higher priced homes amounted to 10 homes while at the lower less than $300 K price point only 7 homes were added.

Firethorne similar to Grand Lakes is a great place to live with many amenities and conveniences close at hand. If you or your family would like to learn more about this wonderful family neighborhood contact me. Time to take action is right now as interest rates continue to hover around historical lows and builders in Firethorne have added to their spec inventories. I expect Firethorne to have a big selling season during the remainder of 2012.

Please see Active Rain’s article on Real Estate Recovery or Not?

If you would like to search for homes in Firethorne or any other community in the Katy or surrounding areas go to my web site and construct a search.

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John McCormack, CRS

Albuquerque Homes Realty - Albuquerque, NM

Honesty, Integrity, Results, Experienced. HIRE Me!

Bob - You did a great job in your presentation of the market in Firethorne Katy Texas. Google will appreciate all the SEO you supplied!

Mar 13, 2012 01:04 AM

Robert Bob Gilbert

Berkshire Hathaway HomeServices Anderson Properties - Katy, TX

Your Katy TX ( West of Houston) Real Estate Expert

John,

Thanks for your nice comment and I hope you are corect about Google.

Mar 13, 2012 01:15 AM

Roy Kelley

Retired - Gaithersburg, MD

It is certainly a great time for home buyers to take advantage of the very attractive prices.

Have a most productive week.

Spring daffodils for you...

Mar 13, 2012 02:58 AM

Bryan Robertson

Los Altos, CA

Only one distressed home and otherwise, things are fairly stable. That's a good sign. I hope the additional inventory get bought up fast when the hot spring buying season rolls around.

Mar 13, 2012 03:52 AM

Carol-Ann Palmieri

RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA

"Cal" the Real Estate Gal

Hi Bob. You present an excellent report for those interested in the Firethorne Katy TX real estate market. I believe there is not much time to stay on the fence, and those looking to make that purchase for the first time or buy up should be looking at doing it now.

Mar 13, 2012 04:42 AM

Joshua Zargari

MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY

MJ Decorators Workshop

Good afternoon Bob.

This is a great report that will help potential buyer.

Mar 13, 2012 05:45 AM

Al Raymondi

Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL

Ormond By The Sea Florida - Home and Condo Sales

Nice market report for Firethorne Bob, the lack of distressed properties on the market should be a good sign for future stabilization.

Mar 13, 2012 07:24 AM

Dale Baker

Baker Energy Audits and Commercial Properties Inspections - Claremont, NH

New Hampshire Relocation Real Estate Information

Howdy and afternoon Bob

Bob my friend, as always you have wrote and posted a mighty fine looking Market Trends Report. The folks which stop by to visit, sure will find it mighty easy to read and to understand, which sure is mighty important to them.

Home Buyers, when looking for an upstanding Agent which will look out for ya and work his backside off ya. Then y'all sure will want to only call Bob to work with. Y'all have my word on that!

May the warm rays of Sunshine of happiness always find their way too and fall upon you and your family!

Have a good one
Dale in New Hampshire

Mar 13, 2012 08:00 AM

C. Lloyd McKenzie

Living Albuquerque - Albuquerque, NM

Living Albuquerque

Good Evening Robert,

Excellent Market Report for Firethorne Area of Katy, TX. Great to see that the Distressed Properties are practically non-existent. You do an Excellet job of keeping the residents informed

Mar 13, 2012 03:19 PM

Baker Home Inspection and Commercial Properties Inspections

Baker Residential and Commercial Properties Inspections - Springfield, VT

Home and Commercial Properties Inspections Vermont

Howdy there Bob my friend, you sure post such outstanding Local Info and Real Estate blog posts for folks to enjoy visiting at your outstanding blog full of helpful info. Plus folks sure do always get to find mighty enjoyable reading when they visit. I know other folks sure must also enjoy stopping by to visit your mighty fine blog. Folks if you are needing help with Real Estate, then do take the time to talk with Bob and you’ll sure learn he is the one an only to work along side.

Feb 27, 2014 03:57 AM

Market Trends 2012 Update for Current Homes Available in Firethorne Katy Texas

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