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Meyerland Real Estate, Houston, Texas - January 2008 - Market Condition

By
Real Estate Agent with Keller Williams

Meyerland is a residential neighborhood located in Houston, Texas.  It is located on the banks of Brays Bayou at the outermost southwest corner of Loop 610 . . .immediately south of Bellaire.  Approximately a 15 minute drive to downtown Houston, the Texas Medical Center, the Galleria and the Reliant Park complex, the Meyerland real estate community boasts excellent accessibility, strong community leaders, an active homeowner's association and beautiful parks.  Single family residential homes range in price from the mid $100,000's to the $1,000,000's.  Some of the homes are the original bungalows, contemporary homes or traditional/ranch style homes built in the 50's and 60's . . .while others are new construction homes occupied by homeowners who like Meyerland's location and convenience.

Meyerland is the concept of three generations of the Meyer family.  Joseph F. Meyer began buying land in the southwest portion of the area surrounding Houston in the late 1800's.  He paid less than $5 per acre for the 6000 acres that he eventually accumulated.  In the mid-1950's Joseph's son, George, saw the possibilities of build a prestigious neighborhood subdivision.  George took the 1200 acres he inherited from his father after his death and created the neighborhood subdivision of Meyerland.  There were 2700 lots and an 80 acre reserve for a shopping center.George Meyer proceeded to develop homes that were affordable enough to attract middle America home buyers.  Look magazine called Meyerland  "state-of-the-art neighborhood" while House and Home magazine claimed it to be the "ideal plan for a subdivision".  You might say that Meyerland could be named as Houston's first planned community due to the fact that George Meyer held to strong architectural controls and stringent deed restrictions during the course of its development.  Brick, contemporary style homes offering three to four bedrooms with two bathrooms, which was uncommon feature for homes built in the 50's, was characteristic at the time they were built.

In 1957 Meyerland Plaza Shopping Center was opened as Houston's second regional mall.  It was managed by George Meyer's oldest daughter, Leota Meyer Hess.  In 1984 the center was sold by the third generation family.  The center was neglected for many years and finally in the mid-90's it was purchased by it's new owner and completely renovated.  The renovation of Meyerland Plaza brought over 927,000 square feet of new shopping space to the Meyerland community in Houston, Texas.  The plaza includes over 50 shops and restaurants today.

The Meyerland real estate community is in the Houston Independent School District.  It touts Exemplary schools and is zoned to the nationally acclaimed Bellaire High School.  The zoned neighborhood elementary schools are Kolter Elementary School and Lovett Elementary School, which are both located in Meyerland.  The neighborhood is also served by Johnston Middle School (located in Meyerland), Pershing Middle School (located in Braeswood Place) and Pin Oak Middle School (located in Bellaire).  Pupils zoned to Johnston or Pershing have the option to attend Pin Oak.  Bellaire High School is located in the southern portion of the city of Bellaire.

The Houston Public Library system operates the Meyer Branch Library located at 5005 W. Belfort.  It serves the Meyerland community.

Meyerland homeowners reaped the benefits of a good year in 2006 as they saw 109 properties sold ranging in price from $197,000 up to $1,150,000 with an average sales price of $368,966 or $133.73 per square foot.  This showed a definite upward trend.  These figures are based on data collected from the Houston Association of REALTORS.

As reflected in the following data provided by the Houston Association of REALTORS, the Meyerland real estate community continues to enjoy increased property values.  In 2007 there were 89 single family homes sold with prices ranging  from $200,000 to $1,000,000 . . . averaging $144.73 per square foot.  The wide range reflects the new construction.  However, the majority of the homes that home buyers bought offer 3 to 4 bedrooms, 2 bathrooms and are between 2000 and 3000 square feet.

There are currently 45 active homes for sale in Meyerland with list prices ranging from $239,900 to $1,150,000.  Home buyers have placed 8 homes under contract that are waiting to close.  The asking price on them ranged from $288,000 to $925,000.

 

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

Please view 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

 

 

Bonnie Barbieri
Remax Marketing Specialists - Spring Hill, FL
GRI, CIPS, SFR, TRC,CNE,CDPE,SRES
Thanks for the info on Meyerland.  My daughter went to Bellaire High and we lived in Bellaire and in the Meyerland area.  I use to work part time at J.C. Penney's in Meyerland both before and after the renovation.  I loved the history of the area.  My understanding was and I hope I don't offend anyone but Memorial area was built and Meyerland was developed as an area for the Jewish families because there was such discrimination at that time and they were not welcomed in the Memorial area.  I'm from Dallas but lived in Houston 20 years and consider Houston my home.  There was a great trail along the banks of the bayou where you could find walkers, joggers or anyone out for a bike ride if they didn't want to go to Memorial Park.   
Jan 22, 2008 08:25 PM