Katy Real Estate News - Cinco Ranch High End Real Estate Flourishes in a Tough Market
By Katy Real Estate Expert Timothy Sojka 713-822-2152
Cinco Ranch, in Katy Texas, is still one of the best destinations for Houston and Katy Relocations. The high-end market in Cinco Ranch continues to thrive. Houston and Katy have not seen the same negative real estate downturn as the rest of the country, still few if any neighborhoods have flourished like Cinco Ranch.
Cinco Ranch homes sales range from the high $100,000's to well over $1,000,000.
This article highlights high-end homes in Cinco Ranch (only homes above $500,000), a favorite of the Houston Relocation crowd.
Year over year sales (2007 vs. 2006) on homes over $500,000 are staggering. In 2006, 26 homes sold above the $500,000 mark (ranging from $505,000 to $980,000). The average high end home sold for $747,000. The average days on the market were 209 days.
In 2007, 38 homes sold above $500,000 (a 46% increase) and home sales ranged from $515,000 to over $1,200,000. The average high end home sold for $781,000 (a 4.5% increase). The most impressive stat was that the days on the market decreased to only 129 days (this is a sign of a very healthy market)
So basically in a market that many call soft, Cinco Ranch really flourished. Cinco Ranch is one of the best brand names in real estate. If you are considering relocating to Katy or West Houston I highly recommend you consult your relocation company and let them know this information.
If you are not working with a Katy or west Houston REALTOR we would love the opportunity.
To view all homes currently available in Cinco Ranch click on this link - Cinco Ranch Home Search
To view only high end Cinco Ranch homes ($500,000+) click on this link - Cinco Ranch High End Home Search
If you would like more information about luxury homes in Katy or West Houston from someone who really understands the community, contact Katy Realtor Tim Sojka at 713-822-2152. To shop for a home online go to www.Search-Katy-Homes.com .
All information posted is the intellectual property of Katy Real Estate Agent Timothy Sojka and cannot be republished or used without his written consent.