Katy Texas has avoided Roller Coaster Ride of Values and Prices

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

 

Katy Texas has avoided Roller Coaster Ride of Values and Prices


Katy Texas is probably different from the vast majority of the United States when it comes to home values and home prices. Realestate.com recently ran an article titled “Riding the Trillion –Dollar Real Estate Recovery Roller Coaster” which discusses the huge fluctuations in home values and prices that the vast majority of the United States has encounter  during the previous five year period of time. Right now most accounts of these statistics on a national basis are that the values for the most part are rising along with prices. Katy Texas has avoided Roller Coaster Ride of Values and Prices as this market area has and hopefully will continue to see tremendous economic growth as opposed to retraction. The economic growth has certainly helped to fuel the home market. Katy has never experienced large jumps in home prices up and the other side never seen large decreases in prices either.

 Katy Texas like all of the United States is made up of numerous smaller sub-markets mainly based on neighborhoods. I cannot tell everyone that all neighborhoods in Katy Texas have fared as well as the numbers indicate as that is not true. There are several neighborhoods which have been hit by the malaise called foreclosures and short sale mania. However, the vast majority of neighborhoods have not had that happen at all. I have to say, I personally have had numerous E-mails and phone calls from consumers all looking for the once in a life time home purchase deal. I have had to tell these folks it does not exist in Katy Texas. I was in a home last night a client wanted to see and it was priced at least $20 per square foot cheaper than all the other homes available in the same area. The MLS write-up stated it was a short sale. Of course it had been on the market for almost one year and was not located in South Katy. This place is a total dump and no wonder it was so cheap in price. There are always outliners in any given market. Some neighborhoods here in Katy Texas have been hit by bad times but at the same time unless a home is a total dump like the one I previously mentioned these price fluctuations have not been as severe as the rest of the country.

Let us take a quick look at the current situation of the South Katy Texas or MLS area 36 which I think it easier for folks to follow what I am talking about.

 

     

SOUTH KATY MARKET INDICATORS

     
     

YEAR-TO-DATE AUGUST 2012

       
                   
               

%

 
     

2012

 

2011

 

DIFF

Diff

 
                   

NUMBER OF SALES

   

2,442

 

2,010

 

432

21.49%

 
                   

AVERAGE PRICE

   

282,850

 

276,000

 

6,850

2.48%

 
                   

MEDIAN PRICE

   

252,000

 

243,000

 

9,000

3.70%

 
                   

NEW LISTINGS

   

3,475

 

3,290

 

185

5.62%

 
                   

PENDING SALES

   

1,395

 

1,215

 

180

14.81%

 
                   

MONTHS OF INVENTORY

   

2.9

 

4.5

 

(1.6)

-35.56%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                   
                   

 

 

 

 

 

 

 

 

 

 

When I look at the numbers in the above Chart it tells me this is a Sellers’ Market. Demand during 2012 and prices are much stronger this year than in the past. Buyer’s demand for homes is still strong and I expect this whole trend to continue at least through the end of October. After the election all my bets are off the table. Katy Texas values and prices have for several years seen small but positive increase in prices and values. I personally do not expect that to change much in the future. This statement does not mean that I can guarantee any buyer or seller that when it comes to sell once again that they will enjoy a large or any profit at all on the sale of their home. I have had folks actually want me to make such a guarantee.

New home builders are running out of available inventory as we speak of this markets stability. That trend will continue into next year and maybe pretty severe by the end of first quarter 2013.

Katy Texas for so many positive reasons is a great place to call your home and I would be happy to share all these advantages with anyone who wants to know. Contact me at your earliest convenience.

New Home Cinco Ranch Katy Texas

 

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
400,507
Kerry Lucasse
eXp Realty - Urban Nest Real Estate Group - Atlanta, GA
Your Urban Nest Atlanta Real Estate Consultant

That's fantastic news for Katy TX!  

It must be nice to have a consistent, steady real estate business (can you tell I'm a little envious?).   :)

Oct 09, 2012 07:50 AM #1
Ambassador
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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

My county is down about 30% from 2008 AFTER going up about 5% for close in properties.

Lots of new homes. 

Sadly, out in the rural areas, the cost of gas killed traffic.

Oct 09, 2012 08:00 AM #2
Rainmaker
2,051,329
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Thanks for the comments ladies.. Sorry to hear your markets have been so tough.

Oct 09, 2012 08:23 AM #3
Rainmaker
841,158
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

Good evening Bob.

The house in the picture looks great.

Some areas of the country did not recover yet...

Oct 09, 2012 10:03 AM #4
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856,036
Brenda Mullen
RE/MAX Access - Schertz, TX
Your San Antonio TX Real Estate Agent!!

Great post about the ups and downs of the Real Estate Market in Katy TX Bob.  I was actually going to write along the same lines.  We were pretty lucky all over TX in my opinion :)!  Good luck in the contest and this is a very thorough report!  

Anyone looking to buy a home or sell a home in Katcy TX needs to call Robert Gilbert, Katy TX Real Estate Expert Today!

Oct 09, 2012 10:34 AM #5
Rainmaker
509,272
C. Lloyd McKenzie
Albuquerque, NM
Living Albuquerque

Good Evening Bob:

Excellent Post.  Our Economy has definitely been on  roller coaster.  Comparing a submarket to the larger market can sometime show a different picture

Oct 09, 2012 04:00 PM #6
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Great entry in the contest. Wishing you the best of luck with your post.

Oct 09, 2012 09:49 PM #7
Rainmaker
1,119,573
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 post Bob, with only 2.9 months of inventory your market should continue to be strong.

Oct 09, 2012 11:04 PM #8
Rainmaker
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Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Bob

Excellent post about local market conditions by the local real estate expert. cheers cvc

Oct 11, 2012 03:29 AM #9
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, both members and non-member folks sure can always visit your blog and find and read all kinds of mighty helpful info, which sure is for folks of all ages, which sure will help them in some way or another. This here sure is some outstanding info for folks and they sure will appreciate you for posting this. 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.

Mar 17, 2014 05:18 AM #10
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Robert Bob Gilbert

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