Crystal Ball Predictions for 2017 - Katy and Houston TX

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

Crystal Ball Predictions for 2017 - Katy and Houston TX

 

Praful Thakkar real estate agent with Keller Williams in Andover MA created an Active Rain Challenge for January 2017 asking for a post of 2017 real estate market predictions. My main market area is Katy TX with secondary being Far West or North Katy/Cypress areas. I will discuss Katy in greater detail but I mention both  Cypress  and Houston.

 

I will start with a comment there is no implied or express warranty of anything included in this post. These are strictly my own market predictions made on January 30, 2017. Nothing more and nothing less.  There is NO such thing as a guarantee in Real Estate. I have had potential clients tell me about other agents who were supposedly guaranteeing certain results. I do not partake in this type of nonsense.

 

Katy TX market is made up of South Katy which is south of I-10; North Katy which is north of I-10 and Old or Historic Katy and I include areas which are all zoned to attend Katy ISD schools for my distinction. My comments will exclude Old or Historic Katy as it is a unique market and probably could easily command a detailed analysis of its own. .

 

I believe 2017 will find especially in the first half of the year that units or homes  sold in South Katy will continue to decrease and prices will remain flat or will show slight declines. There is only a 2.6 month supply of inventory in MLS area 36 or South Katy which continues to soften the impact of lower demand. Depending on Interest rates, energy prices and energy employers reactions to their markets, the second half of 2017 I believe will see a more robust market in this area. Some older neighborhoods which have not been maintained very well will show price decreases and reduction in demand for resale homes.  

 

North Katy or homes in MLS area 25 zoned to Katy ISD schools will I think continue to have a very vibrant market during all of 2017. Demand and prices will continue to rise throughout the year of 2017. Generally, prices in this area are lower than in South Katy or MLS area 36. There are also more new homes being built in this area and a major new development named Elyson will have a full year in 2017 to contribute its sales to the stats. Inventory of affordable family homes is certainly larger than in MLS area 36.

 

Cypress TX zoned to Cypress Fairbanks ISD  as part of MLS area 25 will also I believe experience a vibrant and active market during 2017 with homes sold and prices increasing by more than single digits. Towne Lake which was the Greater Houston Homes Builders Association Community of the year in 2016 will lead the way once again. Most of this neighborhood falls into MLS area 25. If you are waiting for prices to decrease in Towne Lake or in most of MLS area 25 you will be left at the starting gate.

 

The Houston market set an all time record for home sales of 76,449 homes sold in 2016 which is 1.3 % above the previous record year of 2014. This in spite of the huge negative impact falling energy prices have had on the local economy.  Depending on the neighborhoods, I believe 2017 will continue to see a rise in homes sold with corresponding fairly significant price increases. The Heights, West University, Montrose and Bellaire will continue to be very active markets as has occurred for the last several years in these areas. I observe the Houston overall market from a distance as it is too large to even consider trying to be proficient and knowledgeable about the entire market.

 

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Crystal Ball Predictions for 2017 - Katy and Houston TX

 

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

 

 

 

 

 

 

 

 

 

 

 

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Search Homes in Katy or anywhere in the Houston area. 

 

© 2007- 2016 Bob Gilbert 

 

 

 

 

 

 

 

 

 

 

 

  

       

                      

 

 

 

 

 

 

 



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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Robert Bob Gilbert  Sounds like you will have a positive year in 2017

Jan 30, 2017 12:47 PM #1
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Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

Bob, while there are no crystal balls in my garage....and I doubt you have one either...your predictions sound pretty rosy for Katy and Houston.  Here's to a great 2017 for buyers, sellers and you!

Jan 30, 2017 01:49 PM #2
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Bob,

May all your predictions come true, and you a splendid year.  A

Jan 30, 2017 02:29 PM #3
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

What an awesome look at your market and the way things may or may not turn out. You really have an indepth understanding of the Katy, TX real estate market. 

Jan 30, 2017 02:57 PM #4
Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I think it is neat to make these predictions at the beginning of each year, and then go back at year end to see how accurate they are!

Jan 30, 2017 05:26 PM #5
Rainmaker
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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Bob

Thanks for sharing your predictions for the 2017 Katy and Houston Texas real estate market.

Good Luck and success.

Lou Ludwig

Jan 30, 2017 07:53 PM #6
Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Bob I had a good laugh at your comment:

I will start with a comment there is no implied or express warranty of anything included in this post. These are strictly my own market predictions made on January 30, 2017. Nothing more and nothing less.  There is NO such thing as a guarantee in Real Estate.

---------------

Since I have a spare fully operational 100 per cent accurate Crystal Ball please send me your address and it will be in the mail shortly:)Endre

Jan 30, 2017 11:12 PM #7
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Bob.  Thanks for the predictions for the various markets in the Katy TX area.

Jan 31, 2017 04:41 AM #8
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Bob - let's hope your predictions come true for 2017.  In real estate as elsewhere there are not guarantees.

Jan 31, 2017 05:50 AM #9
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for sharing some of your real estate market predictions.

Jan 31, 2017 06:40 AM #10
Rainmaker
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Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I would rely on your judgement when it comes to real estate in Katy, TX.  I hope that you are having a great day!

Jan 31, 2017 08:21 AM #11
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I predict a great year for you and Yolanda. May you sell, sell, sell to your heart's desire. D

Jan 31, 2017 02:13 PM #12
Rainmaker
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hi Bob - no guarantees ever. We deal in liklihoods, right? It sounds as though schools make a big difference in your market place, as they do in mine and most everywhere. 

Jan 31, 2017 04:32 PM #13
Rainmaker
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Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Bob, OH if we had a real crystal ball  :)

It has been fun to read all the predictions for this challenge.

Jan 31, 2017 06:50 PM #14
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Bob, not sure how any agent can GUARANTEE a market, anything can change.  Hope 2017 is good for you.

Feb 01, 2017 06:59 AM #15
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Robert Bob Gilbert

Your Katy TX ( West of Houston) Real Estate Expert
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