Market Trends 2012 Update for Current Homes Available in Grand Lakes Katy Texas

By
Real Estate Agent with Berkshire Hathaway HomeServices Anderson Properties TX Real Est. 567774

 

 

Market Trends 2012 Update for Current Homes Available in Grand Lakes Katy Texas

What is happening in Grand Lakes Real Estate Market?

The Real Estate market in South Katy Texas (MLS area 36) is basically defined by what occurs in the numerous Master Planned Communities which are scattered across the whole area. I have written several detail market reports about Grand Lakes in the past with the last on being a December 2011 Year to Date report which you can see right here.  

 

The Chart is showing current listings of homes for sale in Grand Lakes in Katy Texas by price point ranges during March, 2012.             

HOMES AVAILABLE IN GRAND LAKES

March

               

DOLLAR

 

NUMBER

DISTRESSED

NUMBER

% OF

 

CHANGE

PRICE POINTS

 

OF HOMES

PROPERTY

Total

 

FROM JAN.

               

 

0

       

0

100,000-150,000

 

0

       

0

150,000 - 200,000

 

4

       

(4)

200,000 - 250,000

 

5

       

(2)

250,000 - 300,000

 

4

 

13

31.7%

 

0

300,000 - 350,000

 

10

   

24.4%

 

6

350,000 - 400,000

 

2

1

 

4.9%

 

(3)

> 400,000

 

15

   

36.6%

 

5

FORECLOSURE

 

0

         

SHORT SALE

 

1

   

2.4%

   
               

TOTAL

 

41

   

100.00%

 

2

               

 

As shown there are 41 homes currently available in Grand Lakes with only 1 home or 2.4 % of the total being classified as Distressed (Foreclosure or Short Sale). The Distressed Homes are not having any significant impact on the market in Grand Lakes or for that matter a vast majority of the submarkets in Katy Texas. Since January 2012, there has been a slight increase in available homes by 2 homes or 5.1 %. However, there has been a decrease of 6 homes priced at less than $300 K as the inventory of reasonably priced homes in Grand Lakes continues to diminish as it has through most of 2011. Right now only 31.7 % of the available homes are priced at less than $300 K while during January and December those same numbers were 40.5 % and 48.7 % respectively. On the other side of the coin, homes priced at $400 K or higher have risen to 36.6 % of the total reflecting a 4.2% increase.

Grand Lakes is a great place to live with many amenities and conveniences close at hand. If you or your family would like to learn more about this wonderful family neighborhood contact me . I have been saying this for several months the inventory of the lower priced homes in this neighborhood probably will continue to get smaller as 2012 goes on even though there will be new listing coming on the market. Time to take action is right now as interest rates continue to hover around historical lows. What are you waiting for A miracle?

 

Please see Active Rain’s article on Real Estate Recovery or Not?


Real Estate Recovery


Posted by

© 2016 Bob Gilbert Real Estate

 

Accredited Luxury Home Specialist

 

Note: Katy TX is about 25 -30 miles due West of downtown Houston TX.

 

If you have any questions about Katy Homes for Sale or Katy Homes for Rent in the Katy Texas and/or Sugar Land TX, and/or Cypress TX and/or other surrounding areas, contact me via my cell: 281-904-6772 or via Email:

 

 

 bobgilbert2003@msn.com or bob@bobgilbert.com

or visit me on my web site at

 

http://www.katyhomefinder.com

or visit me on Google plus

and FaceBook at https://www.facebook.com/bobgilberttx

 

Scan me with your smartphone to bookmark
our mobile website at http://katytx.realbird.com

 

 

 

 

 

 

 

 

 

 

 

Start “Living the Luxurious Dream” Katy TX

 

  

 

 

 

 

 

 

Katy Texas Real Estate Expert

 

 

 

 

 

Read my blog at http://bobgilbertblog.com

 

Search Homes in Katy or anywhere in the Houston area. 

 

© 2007- 2016 Bob Gilbert 

 

 

 

 

 

 

 

 

 

 

 

  

       

                      

 

 

 

 

 

 

 



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Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy and morning Bob

Bob my friend, this sure is a mighty will thought out and written market trends update report for the Grand Lakes area of Katy. Folks sure will find your info mighty helpful with knowing what is going on with Real Estate in the area. 

May the warm rays of Sunshine of happiness always find their way too and fall upon you and your family!

Have a good one
Dale in New Hampshire

Mar 11, 2012 03:05 AM #1
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Emily Medvec Qualifying Broker
Hello Realty - Santa Fe, NM
Realtor | Serving Santa Fe & Northern NM

Bob, these are great number for your local Grand Lakes market. What is even better is the way you explain them and make sense to values in your local market. Every one of your posts is a good counter to the national media real estate stories. Thank you.

Mar 11, 2012 05:15 AM #2
Rainmaker
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Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

THANK YOU Dale and Emily,

We are lucky here in katy and neighborhoods like grand lakes as we have not had the distressed property issue to deal with in the magnitude other arreas have experienced.

Mar 11, 2012 07:00 AM #3
Ambassador
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Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

If you are looking to purchase or sell a home in Grand Lakes, call BOB GILBERT today at 281-904-6772!

Mar 11, 2012 07:35 AM #4
Rainmaker
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Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

Good evening Bob.

For all your real estate needs call

BOB GILBERT today at 281-904-6772!

Mar 11, 2012 10:30 AM #5
Rainmaker
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Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales

Nice market report for Grand Lakes Bob, best wishes for continued success in 2012.

Mar 11, 2012 07:44 PM #6
Rainmaker
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C. Lloyd McKenzie
Albuquerque, NM
Living Albuquerque

Good Evening Robert:

Excellent Report for the residents of Grand Lakes, Katy Texas.  All prospective buyers and Sellers in Grand Lakes or the Greater Katy, area must contact Robert Gilbert for assistance

Mar 13, 2012 03:37 PM #7
Rainer
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Howdy there Bob my friend, you sure post such outstanding Local Info and Real Estate blog posts for folks to enjoy visiting at your outstanding blog full of helpful info. Plus folks sure do always get to find mighty enjoyable reading when they visit. I know other folks sure must also enjoy stopping by to visit your mighty fine blog. Folks if you are needing help with Real Estate, then do take the time to talk with Bob and you’ll sure learn he is the one an only to work along side.

Feb 27, 2014 03:59 AM #8
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