Market Trends 2012 Update for Home Sales in Grand Lakes Katy Texas

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

 

Market Trends 2012 Update for Home Sales in Grand Lakes Katy Texas

What is happening in Grand Lakes Real Estate Market in terms of actual sales during 2012?

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 this whole geographically large 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 that included both available homes and actual sales which you can see right here.

The Chart below is showing homes sold in Grand Lakes in Katy Texas by price point ranges during the first two months of 2012 versus the same period for 2011.   

 

2 MONTHS 2012 VS 2 MONTHS 2011

             
   

2012

 

2011

   

DOLLAR

 

NUMBER

% OF

NUMBER

CHANGE

%

PRICE POINTS

 

OF HOMES

Total

OF HOMES

LAST YEAR

Change

             

 

0

   

0

 

100,000-150,000

 

0

   

0

 

150,000 - 200,000

 

5

38.5%

3

2

11.00%

200,000 - 250,000

 

2

15.4%

2

0

0.00%

250,000 - 300,000

 

2

15.4%

5

(3)

-17.00%

300,000 - 350,000

 

1

7.7%

1

0

0.00%

350,000 - 400,000

 

1

7.7%

2

(1)

-6.00%

> 400,000

 

2

15.4%

5

(3)

-17.00%

             

TOTAL

 

13

 

18

(5)

-28.00%

             

Number Priced

 

9

69.2%

10

          56%

 
             

Median Sales Price

 

226,961

 

285,600

   

Median Home SQ.FT.

 

2,630

 

3,324

   

Median Price /SQ.FT.

 

 $             93.76

 

 $        89.87

 

4.33%

             

Cumulative Days on Market

31

 

136

   

Sellers Discount from list

 

2.00%

 

3.50%

   
             

Pending Sales

 

22

       

          

As we can see from the chart, actual sales in Grand Lakes during 2012 are 13 homes with 9 priced less than $300 K while during 2011 there were 18 homes sold with 10 priced less than $300 K. Obviously, it is still early in the year with a lot still to happen during the remainder of 2012. Unit sales are down 28% while homes priced at

At first glance it looks like prices have gone down when we only look at the median actual sales price. However, the square footage of median homes sold has gone down by 694 sq. ft. in Grand lakes while the prices sold per sq. ft. have actually increased by 4.33 % to $93.76.

The discount sellers are willing to give has decreased from 3.5% to only 2%. Pending sales are 22 homes in Grand Lakes during 2012. I do not have comparable number for 2011. Cumulative Days on the market has decreased in 2012 by a substantial amount.

The market for sales in Grand Lakes is still healthy and I believe will show strength during the rest of 2012. As shown in my March report of homes available in Grand Lakes the distressed homes are not having very much if any impact on the market for homes in this neighborhood.

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

 

If you would like to search for homes in Firethorne or any other community in the Katy or surrounding areas go to my web site and construct a search.

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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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

The days on the market being so low would indicate that homes coming on the market that are priced right will sell quickly Bob, that is a good sign for your market.

Mar 19, 2012 02:57 AM #1
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Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy and afternoon Bob

Bob my friend
, I sure do like your mighty fine written and helpful Market Trends Reports for the different areas of the Katy area. Folks sure will find them mighty helpful and easy to understand when they stop by to learn about the Real Estate Market for the area. I click the little ole Google+ button to add your blog post on my Google + page.

Have a good one
Dale in New Hampshire

Mar 19, 2012 07:47 AM #2
Rainmaker
2,050,765
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Al and Dale,

Thank you for your comments. Sorry about all these Market Trends blogs but we have to post 8 blogs to get credit.

Mar 19, 2012 08:53 AM #3
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Bob,  I hope these spring months and the remainder of 2012 brighten the picture considerably.  I like anything that looks like a positive trend and I think that is what were seeing in Katy Tx.  Keep em coming my friend!

Mar 19, 2012 10:03 AM #4
Rainmaker
307,958
Carol-Ann Palmieri
RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA
"Cal" the Real Estate Gal

Hi Bob.   Your market report for Grand Lakes Katy TX did not disappoint.   As usual informational and easy to understand.  I think home buyers and sellers in Grand Lakes Katy TX would be wise to seek your expertise when thinking of their real estate needs.  

Mar 19, 2012 10:08 AM #5
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Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy and afternoon Bob

Bob my friend
, you don't at all have anything to be sorry about posting Market Trends blog posts. Yours sure are going to be mighty helpful to folks.

Have a good one
Dale in New Hampshire

Mar 19, 2012 01:38 PM #6
Rainer
654,274
Baker Home Inspection and Commercial Properties Inspections
Baker Residential and Commercial Properties Inspections - Springfield, VT
Home and Commercial Properties Inspections Vermont

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 26, 2014 01:20 AM #7
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Rainmaker
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