Market Report- Pine Mill Ranch January 2014
The Houston Association of Realtors MLS system is indicating there are only 34 homes available in Pine Mill Ranch which have a median list price of $112.76 per square foot with 28 being brand new homes being sold by the two builders. The prices range from a low of $198,000 for a 3 bedroom home to $555,880 for a five bedroom home with 4,968 sq. ft. of space. There are 15 homes today listed as being under contract with a median list price of $115.78 per square foot. Obviously prices have increased in Pine Mill Ranch as well as and in most of the Katy neighborhoods.
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Please see the chart below which gives everyone a snapshot of what is available right now:
| PINE Mill Ranch Available Homes January 2014 | ||||||||||
| DOLLAR | # | BEDROOMS | ||||||||
| PRICE POINTS | HOMES | 3 | 4 | >= 5 | ||||||
| 1 | 1 | |||||||||
| 200,000 - 250,000 | 2 | 1 | 1 | 0 | ||||||
| 250,000 - 300,000 | 0 | 0 | 0 | |||||||
| 300,000 - 350,000 | 5 | 4 | 1 | |||||||
| 350,000 - 400,000 | 12 | 11 | 1 | |||||||
| 400,000- 500,000 | 9 | 5 | 4 | |||||||
| > 500,000 | 5 | 0 | 5 | |||||||
| TOTAL | 34 | 1 | 21 | 11 | ||||||
| Median List price/SQ.FT. | $112.76 | |||||||||
| Median Days on market | 41 | |||||||||
| Months of Available Inventory | 3.2 | |||||||||
| Avg.Number of Homes Sold | ||||||||||
| per month 2013 | 10.5 | |||||||||
| Number of Homes Pending Sale | 15 | |||||||||
| Approx. Price per SQ.Ft of Pending Sale | $ 115.00 | |||||||||
There are 3.2 months of supply available right now but these figures are fluid and change on a daily basis. Inventory level of homes in Pine Mill Ranch are very low but higher than it has been in recent months as new home builds have been recently placed on the market. As we can, see most of the homes are priced above $350,000. There are usually 40 or more homes available for sale in this neighborhood at any given point in time but 2013 saw the entire year with fairly low inventory levels. List prices have gone up and I would expect this trend to continue for most if not all of 2014.
I would be very happy to get the opportunity to show you this beautiful neighborhood in Katy Tx. in person and explain why it is such a great place to live. Simply contact me and let’s get started while interest rates are still low. Call or text me, Bob Gilbert directly at 281-904-6772 or email me at bobgilbert2003@msn.com or bob@bobgilbert.com. I would suggest contacting me in advance and let me scout for a home in Pine Mill Ranch and beat the competition for these homes.
Market Report- Pine Mill Ranch January 2014
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