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Paige Martin: 5 Fascinating Oak Forest Houston Real Estate Trends

By
Real Estate Agent with Keller Williams Realty

oak forest houston mapOak Forest is an exciting Houston neighborhood with 5,500 homes located north of the 610 Loop, east of U.S. Route 290, near West 43rd Street, between T. C. Jester and Interstate 45.

Houston's Association of Realtors' (HAR) 10-year real estate report shows that Oak Forest is one of Houston's strongest neighborhoods in terms of appreciation and home sales.

Oak Forest is also one of few neighborhoods near Houston Inner Loop with homes in the $300,000 to $400,000 price point.

Oak Forest homes for sale are often checked by empty-nesters and young professionals looking for affordable properties 5-10 minutes away from Downtown Houston and Galleria.

Please see the Oak Forest Real Estate Appreciation Report below for the exact real estate figures. Showing figures from 2003 to 2012, the report gives us 5 interesting trends for Oak Forest real estate.

 

Oak Forest Neighborhood: Real Estate Trends

5 Top Trends In Oak Forest Real Estate

I have also outlined the 5 biggest take-aways from these figures. Please have a look (lifted from my blog: Oak Forest Real Estate Trends).

1. Oak Forest homes bought in 2003 have nearly doubled in value in just 10 years

With a 79% increase in average price per square feet between 2003 and 2012, Oak Forest homes bought 10 years ago have nearly doubled in value. A home worth $119,973 in 2003 jumped to over $217,000 in 2012.

2. Oak Forest homes median sales price jumped by over a quarter in just 5 years

Oak Forest homes' median sales price surged by 28% from 2008 to 2012. In dollar volume, this is equivalent to an increase of roughly $50,000.

3. Number of Oak Forest homes sold jumped by 31% last year

With 338 homes sold last year, Oak Forest total home sales netted a 31% increase from the 259 homes sold in 2011.

4. Oak Forest homes' average price per square feet consistently rose year-over-year since 2003

From $90 in 2003, Oak Forest homes' average price per square feet rose to $161 last year. Last year, ave. price/square feet jumped by 15% - from $139 to $161.

5. Trends project a strong year for Oak Forest real estate

Forbes data show that roughly 50,000 people moved to Houston last year, with close to 4,000 more relocating each month this year. Home inventory are at its 12 year-low of 3.3 months. However, 28,000 new homes are set to begin construction by the end of the year. The 10-year report (specially last year's 31% surge in home sales) support the optimism for a strong 2013.

(View All Available Oak Forest Homes For Sale)

About Paige Martin: Top-ranked Houston realtor

Paige Martin is currently ranked as one of the top Realtors in Houston (see link below to review her actual ratings). Already featured on TV and in dozens of publications (such as Fox News in the Morning, Houston Business Journal, the Houston Chronicle, Downtown, Houston Magazine, and Texas Monthly Magazine), Paige has also been given over 40 awards for her production levels.

Some of the awards include:

  • The #1 individual agent in the Keller Williams Memorial office (over 200 agents) for three consecutive years
  • Inclusion as a Houston Five Star Professional Real Estate Agent (top few Realtors in the country)
  • Houston Realtor of Excellence Award, Houston Realtor Par Excellence Award
  • Top Google Houston Real Estate Award
  • Talk of the Town Award for Excellence in Customer Satisfaction

In addition, over 75 of her prior clients have publicly endorsed and recommended her via LinkedIn, YouTube Videos and Houston's Association of Realtors. See one of the feedbacks below:

Paige Martin is the best Houston realtor I have worked with. In recent years I worked with other realtors, as I looked for a new home either under-construction, a resale or new build. Others don't compare to Paige. She is knowledgeable about the market, listened and responded to my needs, and provided solid advice. She represented us when we chose to build and helped us get great value. And, she advised us in preparing our old hold for sale. It sold quickly, closed efficiently, at a great price.

Brian Sharkey
SharkeyRE LLC - Singer Island, FL
SharkeyRE
Sep 27, 2013 12:17 AM