Market Trends 2012 Update for Home Sales in South Katy Texas

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

 

Market Trends 2012 Update for Home Sales in South Katy Texas

What is happening in South 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 individual neighborhoods and the entire area 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 the entire South Katy Texas by price point ranges during the first two months of 2012 versus the same period for 2011.   

HOMES SOLD SOUTH KATY

 

2 MONTHS 2012

 
   

2012

   
             

%

DOLLAR

 

NORMAL

DISTRESSED

TOTAL SOLD

% OF

TOTAL

CHANGE

PRICE POINTS

 

 HOMES

PROPERTY

HOMES

Total

2011

year to year

               

 

14

8

22

6.2%

12

3.18%

100,000-150,000

 

39

13

52

14.6%

44

2.55%

150,000 - 200,000

 

64

5

69

19.3%

55

4.46%

200,000 - 250,000

 

51

2

53

14.8%

53

0.00%

250,000 - 300,000

 

52

4

56

15.7%

45

3.50%

300,000 - 350,000

 

34

0

34

9.5%

34

0.00%

350,000 - 400,000

 

22

0

22

6.2%

28

-1.91%

> 400,000

 

48

1

49

13.7%

43

1.91%

               

Subtotal

 

324

33

357

100.0%

314

13.69%

               

FORECLOSURE

 

27

   

7.6%

   

SHORT SALE

 

6

   

1.7%

   
               
               

TOTAL

 

357

33

       
               
               

NUMBER

             

     

252

70.6%

209

66.6%

               

Median Sales Price

 

236,990

     

234,510

 

Average sales price

 

267,418

     

262,414

 
               

Median Price /SQ.FT.

 

91.00

     

89.00

2.2%

               

Cumulative Days on Market

84

     

90

 

Sellers Discount from list

 

5.00%

     

5.00%

 
               

Pending Sales

 

126

     

108

16.7%

               
               
               

 

As we can see from the chart, actual sales in South during 2012 are 357 homes with 252 priced less than $300 K while during 2011 there were 314 homes sold with 209 priced less than $300 K. Home sales have increased by  13.69 % while homes priced at Grand Lakes and Firethorne (see my market reports).

The median actual sales price has increased by $2,480 from year to year while the average per home has increased by $5,004. The median price per sq. ft. has increased by 2.2 % and this is excellent news for sellers and in my opinion also buyers as the market here is very stable.

The discount sellers are willing to give has stayed at 5%. Pending sales are 126 homes in South Katy during March 2012 and indicates demand is strong. At the same time last year pending sales were 108 and that was a good strong figure. Cumulative Days on the market has decreased in 2012 by 6 days to 84 days. Based on the statistics put together and the cumulative number of days a home stays om n the market, South Katy I believe has moved into a sellers’ market position.

Real Estate market for sales in all of South Katy is very healthy so far and I believe will show strength during the rest of 2012. As shown in my March report of homes available in South Katy the distressed homes segment 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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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

If you're considering the purchase or sale of a home in the Katy Texas area contact Realtor® Robert Gilbert.  Put Robert's real estate knowledge to work for you today!

Mar 23, 2012 02:22 AM #1
Rainmaker
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Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Hi John,

Thanks for the recommendation as I appreciate it very much.

Mar 23, 2012 04:11 AM #2
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

Sales and prices are up Bob, great news, hope that trend continues through 2012.

Mar 23, 2012 05:13 AM #3
Rainmaker
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Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

Another great post, Bob.

Mar 23, 2012 07:52 AM #4
Rainmaker
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Yolanda Cordova-Gilbert
Richmond, TX

Bob,

            The market here in Cinco is getting hot! We have lots people circling the wagons!

Mar 23, 2012 08:12 AM #5
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Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
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Howdy and afternoon Bob

Bob my friend
, sure does sound Sellers and Buyers are working together to keep the Katy Real Estate Market going will. Folks sure can get and learn mighty fine Real Estate Market by stopping by to read your always mighty well written Market Trends Update Reports.

Folks y'all sure will find Bob's blog is mighty well rounded. His blog is loaded with all kinds of mighty fine blog posts with such mighty fine information for folks to enjoy learning.

Have a good one
Dale in New Hampshire

Mar 23, 2012 10:18 AM #6
Rainmaker
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C. Lloyd McKenzie
Albuquerque, NM
Living Albuquerque

Good Evening Robert:

Excellent report for current residents and all prospective residents of Katy Texas. 

Mar 23, 2012 04:58 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 26, 2014 01:16 AM #8
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