Houston, Texas was founded in 1836 and named after General Sam Houston. It is often referred to as the Bayou City or Space City. It is reported to be the 4th largest city in the United States with a population close to 2 million. The city has been a dynamic business center since the early 1900's. Being home to NASA and the Johnson Space Center, it is also the leader in space technology. The Port of Houston is thriving and connected to the city by the Houston Ship Channel. Other well known areas of the city are Interstate 10's Energy Corridor, the Houston Galleria and the world class and much recognised Texas Medical Center. Houston's feel is very diverse with both a high rise skyline and waterways such as Buffalo Bayou which wind through the city.
Downtown Houston has recently been transformed into a dynamic area of the city known for both residential living and entertainment. Many new townhomes and lofts have been built in and near downtown in recent years. Many other buildings have been converted from commercial to residential use.
Houston has major baseball, football, basketball (women and men), soccer teams and AHL hockey. It also has separate greyhound and horse racing.
For theater lovers, Houston is one of the few cities that offers people permanent ballet, opera, orchestra and theater companies.
Houston real estate offers you most everything you could imagine or desire.
Note: Due to the large volume of homes sold, we usually need about two months to compile the data. Therefore, in January we will be using November data which has been obtained from the Houston Association of Realtors.
To date, the mortgage company and loan problems you have heard about have affected Houston housing much less than most areas of the country. Total homes sales decreased in November by 10.2%. However the average sales prices increased over the last year. The median price was $150,000 which is a 1.7% increase from November 2006. The average sales price was $205,815. This number reflects a 6.4% increase over last year's value.
Townhome and condo sales were up in price, but lower in number over the last year. 489 units were sold at an average sales price of $162,371 in November, 2007. This fact indicates a 10.8% decrease in number sold . . .but an increase in price over November 2006.
In summary . . .the Houston, Texas real estate market is still stronger in pricing than other areas of the country. However, the foreclosures and sub prime lend problems apparently have affected everyone. In recent years home buyers have been able to purchase a home for less in Houston than in comparison to many other cities . . . and still the value has continued to increase. Houston's current median sales price for a single family home is 27.1% less than the national average according to the National Association of REALTORS. Houston real estate is on pace for the second best year on record. Obviously, this indicates the great value of living in Houston, Texas.
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
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