WEST UNIVERSITY PLACE, HOUSTON, TX HOME SALES - MARCH 2010

WEST UNIVERSITY PLACE BOUNDARIES IN HOUSTON, TX

Kirby Drive to the East, Union Pacific Railway railroad track to the West, Bellaire Boulevard/West Holcombe Boulevard to the South, and Bissonnet and Law Streets to the North.

DEVELOPMENT OF WEST UNIVERSITY PLACE IN HOUSTON, TEXAS

Commonly referred to as West University or West U for short, West University Place in Houston, Texas was developed by former Tennessee Governor Ben Hooper. His idea for a community of country homes was conceived in 1910 when Governor Hooper bought a tract of land southwest of Houston out of an old Spanish land grant. The Houston West End Realty Company developed today's West University Place First Addition and put the first lots up for sale on April 1, 1917. The name "West University Place" originated from its proximity to Rice Institute (now known as Rice University). The city of West University Place incorporated in 1924 and adopted a formal city charter in 1940.

There are approximately 26 subdivisions in West University Place to include Rice Court, Pemberton, Colonial Terrace, Sunset Terrace, Cunningham Terrace, Evanston, Matthews Place, Kent Place, Monticello, Virginia Court, Belle Court, College Court Place, Collegeview, Preston Place, Pershing Place, Academy, Quenby Court, Bissonnet Place, Fairhaven, College Park, and Krenzler Courts and some sections simply known as West University Place.

SCHOOLS FOR WEST UNIVERSITY PLACE 
 
Students who live in West University Place are zoned to West University Elementary, Pershing Middle School in the Braeswood Place neighborhood of Houston, and Lamar High School, in the Upper Kirby district of Houston.  Each of these schools is highly recognised in the Houston Independent School District (HISD).

WEST UNIVERSITY PLACE HOMES SALES IN HOUSTON, TEXAS - MARKET REPORT - MARCH 2010

Based upon information gathered from the Houston Association of Realtors there were 9 West University Place homes sold in the month of February 2010. The homes ranged in price from $280,000 for a 2 bedroom, 1 bath home on a 5,000 square foot lot to $1,225,000 for a 4 bedroom, 5 bath home on a 6,600 square foot lot. This gave us an average of $241.65 per square foot on February sold properties.

There are currently 131 single family homes available for sale in West University Place with asking prices ranging from $284,500 to $3,499,000. While the majority of these homes are of newer construction with a minimum of 4 bedrooms and 3000 sq. ft., there are also smaller homes available with 2 bedrooms that were originally constructed in the 1920's, 30's and 40's, and some properties being sold for lot value. There are also 39 pending properties in this very desirable neighborhood.

There were 13 West University Place homes sold in the month of January 2010. The homes ranged in price from $305,000 for a 2 bedroom, 1 bath home on a 5,000 square foot lot to $1,775,000 for a 4 bedroom, 4/1 bath home on a 7,875 square foot lot. This gave us an average of $235.15 per square foot on January sold properties.

West University Place continues to be a popular neighborhood based on information obtained from The Houston Association of Realtors. In December there were 20 properties sold, up from 13 in November. The homes ranged in price from $285,000 for a 3 bedroom, 1 bath home on a 5,000 square foot lot to $1,500,000 for a 4 bedroom, 4/1 bath home on a 6,875 square foot lot. This gave us an average of $237.30 per square foot on December sold properties.