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Houston Heights Real Estate, Houston, Texas - January 2008 - Market Conditions

By
Real Estate Agent with Keller Williams

The Houston Heights real estate area is a very historical neighborhood in Houston, Texas.  The area has a mixture of bungalow, Victorian homes, new construction and some industrial and commercial properties.In the late 1890's the Houston Heights was originally established as a planned community.  The location was partially chosen because it was 23 feet higher in elevation than downtown Houston which is located 4 miles away.  In 1918 the Houston Heights residents successfully voted for annexation from Houston, Texas.

Older Victorian era homes, bungalows and new construction single family homes make up much of the market in the Houston Heights.  Many of the older homes have been remodeled.  More than 100 Houston Heights structures are registered in the National Register of Historical Places.  The new construction offers a little of everything from contemporary homes to Victorian style homes.

Approximately 3500 single family homes exist in the Houston HeightsIn 2006 the average sales price for homes was $164.00 per square foot.  Since 1994 this figure has increased every year.  The values per square foot were $150 in 204 and $156 in 2005.  These figures were obtained from the Houston Association of REALTORS Multiple Listing Service . . . as are the other figures cited in this article.

The Houston Heights currently has 144 single family homes for sale ranging from a 3 bedroom 1 bath home in need of repair on a 4323 square foot lot listed for $135,000 . . . .to a 1925 property currently configured as an Inn with 5600 square feet and a 2600 square foot carriage house on a 11,250 square foot lot and priced at $1,575,000.  The average list price per square foot is $191.99.  Many of the homes for sale are new construction homes which have been built on small lots.  However, there is still a good selection of older homes.  As of 1/17/2008 there are 33 homes under contract waiting to close.

In November 2007 there were 28 single family Houston Heights homes for sale with a price range of $170,000 to $850,000.  The overall average price was $187.25 per square foot.

In December 2007 25 single family Houston Heights homes sold.  Prices ranged from $166,800 for a fairly nice 2 bedroom 2 bath, 1190 square foot home on a 3275 square foot lot . . . to the high price of $1,075,000 for a historically restored 4249 square foot, 5 bedroom, 3.5 bath home situated on a 12,767 square foot lot.  The overall average sales price was $173.70 per square foot.  

 

Meg and Jim Zoller - The Zoller Group of Keller Williams Realty, The Metropolitan

Please visit our website, http://www.finehomeshouston.com/ . Also, feel free to contact us at:

Direct: 713-661-0884

Toll Free: 800-808-6153

E-mail: Meg@FineHomesHouston.com or Jim@FineHomesHouston.com

Cells: Meg - 713-875-4844 Jim - 713-545-6338

 

Comments (3)

Christina Strommen Stevens
Southwest Realty Advisors LLC - Galveston, TX
Galveston Texas Realtor, Vacation home expert
I am from Galveston. The Heights is very nice.  Nice post.
Jan 22, 2008 04:20 AM
Meg Zoller
Keller Williams - Houston, TX
Houston Fine Homes

Christina - Thank you very much for your comment.  Galveston is also a very nice place to live.  Like the Heights, Galveston has many Victorian style homes, bungalows and new construction homes.  I used to live in Dickinson, so I know Galveston fairly well since it is so close by. 

I hope you have a fabulous week! 

Jan 22, 2008 03:27 PM
Anonymous
DZEG.com

Thank you for sharing such a great post!  Good luck with all your sales.

Jun 29, 2010 12:19 PM
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