Memorial Villages, Houston, Texas: A Great Place to Invest and Call Home!

By
Real Estate Agent with www.GiraffeRE.com

Memorial Villages, Houston, Texas:  A Great Place to Invest and Call Home!

                                               

As many homeowners and future move up buyers contemplate the state of the housing industry, I wanted to let everyone know that there are sound real estate investments to be made, even in today's economy.

Today, I will blog about the Memorial Villages     in Houston, Texas.    The Memorial Villages include the cities of Hedwig Village   , Piney Point Village  ,Hunters Creek Village, and Bunker Hill Village  which are South of I10 and Spring Valley Village and Hilshire Village which are North of I10.  For the sake of today's blog, I will focus on the villages South of I 10. 

Once occupied primarily by German farmers, today the residents of The Memorial Villages comprise one of the wealthiest communities in all of Texas.  In 2008, Forbes.com selected Bunker Hill and Hunters Creek Village as one of the top three areas to live well in Houston.  People flocked here in the 60's looking for an escape from the bustling Inner City.  Homeowners today enjoy the luxuriousness of their sprawling estates and the hometown feel of a community they govern themselves.

Key Reasons Why Buying in the Memorial Villages makes good economic sense:

1.  Bunker Hill Village,  Hunters Creek Village, and Piney Point Village jointly operate the Memorial Villages Police Department.  Hedwig Village operates its own Police Dept. The Village Fire Department serves all of the Memorial villages.  These villages have their own mayor and council members.  Safety, security, and local government give the residents the peace of mind and stability that all homeowners crave.

 

2.   Students who live in this area attend the Spring Branch Independent School District, where I had the pleasure of teaching for 7 years. The feeder schools that the children attend are: Memorial Drive Elementary, or Bunker Hill Elementary, or Frostwood Elementary which are all are Exemplary Schools.  Memorial Middle School is an Exemplary School as well, which is quite an honor for a middle school population.  Remember, Middle School?  Was anyone THAT interested in school??? Well, these kids are!   Spring Branch Middle School is Recognized.  Memorial High School is also Recognized.  These students are highly motivated individuals both in the classroom and in their extra curricular activities.  Unlike many other "wealthy" neighborhoods in Houston, it is not paramount that you send your child to a private school.  When you live in the Villages, you can be comfortable in the fact that your children will get a good education.  This is a big selling point for this area.

3.  The Villages are very conveniently located to Central Houston.  Surrounded by excellent shopping, fine dining, and hospitals, the residents do not have to travel far for these luxuries.  The entire area is booming with new construction.  I 10 is now 10 lanes, and getting to and from any part of Houston is so much easier.

4.  Let's talk numbers!  I pulled the sold listings from previous years.  My parameters were:  77024 zip code, 4 bedrooms+, 4 baths+, New construction, No pool, 15000-35000 sq ft lot, 5000-6500 sq ft home.  This is what I uncovered:

 

Year   Price per sq ft.
     
2004   270
2005   262
2006   284
2007   313
2008   347
2009   295
2010   305

 

We all know how challenging of a year 2009 was for all of us in the housing industry.  The stock market took a huge plunge, and the value of homes also took a nosedive.  Builders had the worst year they have had in years.  BUT, the plunge of 2009 still had homeowners who may have bought in 2004 holding onto some equity.  How many other housing markets in Houston can say that?  Less than 2.  Maybe. 

2010 is already showing some gains.  I thought this story about the Memorial Villages in the Chronicle was worth reading. 

I sell homes and lots in the Memorial Villages, and if you are interested in listing your home or purchasing a new home in this part of town, please contact me at kathy@kathyjonesrealty.com

(I apologize in advance for my website.  I am overhauling it this year, and it is under construction).

www.kathyjonesrealty.com

"Helping my clients build wealth through real estate"

Comments (2)

Team Honeycutt
Allen Tate - Concord, NC

I enjoyed your blog.  It surely seems that Memorial Villages in Houston, Tesxas has a lot to offer.

Mar 09, 2010 08:15 AM
Kathy Jones
www.GiraffeRE.com - Houston, TX
Giraffe Realty, Broker, ABR

Thanks Allen!  This community does have alot to offer, not to mention the return on your investment....Wish I could afford it!  :)  If I had a million dollars to spare, it is definitely where I'd call home.  Thanks for checking in.  Have a great week....

Mar 09, 2010 11:55 AM