Definitive Source Cinco Ranch Katy and Market Info. Cinco Ranch West
Katy homes for sale in Cinco Ranch is the focus neighborhood for this report and Cinco Ranch is a master planned community in the Katy area that many call the premier community in this if not the whole Houston area and beyond. Cinco Ranch is being developed by Newland Community and there are still over 30 builders constructing new homes in Cinco Ranch with most having model home(s) in the model home parks. Any neighborhood discussions about Katy would not be complete without including Cinco Ranch in the mix. In my opinion, the majority of the master planned communities in the Katy and surrounding areas except for maybe Grand Lakes owe their creation and success in many ways to Newland for starting Cinco Ranch back in the early 1990’s.
Cinco Ranch encompasses a huge geographical area in South Katy with numerous separate neighborhoods all being part of the Cinco Ranch family of communities. The total land Cinco Ranch covers is estimated at 8,100 acres and it is the largest development of its kind throughout the Houston Metro area. The early sections of Cinco Ranch I believe were built during early 1990’s and are all located east of Highway 99. Today, Cinco Ranch is actively building at the far western edge of Katy along FM 1463. There are over 11,500 completed homes in all of these areas. When someone mentions in the Generic state Cinco Ranch you have to be careful to figure out where they are actually referring to as the size is almost mind boggling. See the Cinco Ranch area map here.
Every neighborhood in Cinco Ranch offers its own unique range of home styles, price ranges and square footage sizes. The prices range from a low of $150,000 to over $1.0 million. One can find twin villas, single family homes, patio homes, senior’s housing and gated custom estate homes in these various neighborhoods scattered throughout south Katy. South Katy referring to the fact the neighborhoods are all located south of Interstate I-10Recreation is never an issue to even think about when you live in a Cinco Ranch neighborhood. Cinco Ranch has nine recreation/pool centers (includes the original beach center), the Golf Club at Cinco Ranch, hike and bike trails along the numerous lakes, wooded natural preserves, paddle and sail boats, 13 lighted tennis courts, several parks, a YMCA (Westheimer Parkway and Peek Road), a Lifetime Fitness Center (Cinco Ranch Blvd. just east of Highway 99; We are members) and many other items which add up to absolutely full list amenities for all to enjoy. Cinco Ranch has five swim teams for children to join during the summer. The golf club features an 18 hole course with daily fee play. All residents get a discount on green fees. All residents have their own intranet site for information being www.mycincoranch.com.
Children attend 21 different Katy ISD schools and several of those schools are exemplary rated by the State of Texas. One new High School will be opened during the fall school year 2013.
If you want more data on Cinco Ranch or would like to actually tour the Cinco Ranch areas contact me and I will arrange to assist you and show you this wonderful family community.
Since this whole community is so immense in size and diversification I have decided to do a quick market report of the Cinco Ranch neighborhoods that are west of Highway 99 or the Grand Parkway. These neighborhoods are newer than those Cinco Ranch neighborhoods east of Highway 99. Reading this type of market report one has to realize this is a generalized report and uses median or average figures. Every home has to be evaluated by itself and requires a Comparative Market Analysis be prepared by a local Real Estate expert such as myself. The generalized nature of the below market numbers are good to establish trends and let folks know generalizing how much it might cost to buy a home in the western section of Cinco Ranch.
This chart shows year-to-date sales for 4 month 2013 versus the same period for year 2012:
| HOMES SOLD SOUTH KATY CINCO RANCH WEST | ||||||
| 4 MONTHS 2013 | ||||||
| 2013 | ||||||
| DOLLAR | NORMAL | DISTRESSED | TOTAL SOLD | % OF | TOTAL | |
| PRICE POINTS | HOMES | PROPERTY | HOMES | Total | 2012 | |
| 0 | 0 | 0 | 0.0% | 0 | ||
| 100,000-150,000 | 0 | 0 | 0 | 0.0% | 0 | |
| 150,000 - 200,000 | 14 | 1 | 15 | 6.8% | 13 | |
| 200,000 - 250,000 | 40 | 1 | 41 | 18.5% | 40 | |
| 250,000 - 300,000 | 34 | 1 | 35 | 15.8% | 37 | |
| 300,000 - 350,000 | 36 | 1 | 32 | 14.4% | 48 | |
| 350,000 - 400,000 | 38 | 0 | 38 | 17.1% | 31 | |
| 400,000-500,000 | 36 | 0 | 36 | 16.2% | 27 | |
| > 500,000 | 20 | 0 | 20 | 9.0% | 14 | |
| Subtotal | 218 | 4 | 222 | 97.7% | 210 | |
| FORECLOSURE | 3 | 1.4% | ||||
| SHORT SALE | 1 | 0.5% | ||||
| TOTAL | 222 | 4 | ||||
| NUMBER | ||||||
| 91 | 41.0% | 90 | ||||
| Median Sales Price | 318,500 | 318,792 | ||||
| Average sales price | 340,378 | 336,270 | ||||
| Median Price /SQ.FT. | 102.99 | 97.22 | ||||
| Avg. per Price /Sq FT. | 106.30 | 101.68 | ||||
| Cumulative Days on Market | 36.5 | 85.5 | ||||
| Sellers Discount from list | 2.00% | 5.00% | ||||
| Pending Sales | 137 | N/A | ||||
| As we can easily see sales volume of homes sold has only gone up by 12 homes or 5.7 % while prices per square foot median have increased by $5.77 for the median price and by $4.62 for the average. Prices are climbing and days on market have dropped significantly by 49 days. I expect prices to continue to rise assuming as I said above as long as interest rates remain at the current levels with no major jumps. |
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