SOUTH KATY TEXAS REAL ESTATE MARKET REPORT - SEPTEMBER 2008

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

The Houston market "Hotness" statistic indicated that the South Katy area is once again number 1 during September 2008 with a ratio of 13.4 while the number 2 area was South Central with a ratio of 11.4. This specific "Hotness" rating refers to the number of pending sales ( buyer demand) that occurred during a given month in relation to its active inventory ( homes currently on the market for sale). The South Katy area has been the number one area several times this year and has not dropped lower all year than number three. These stats are based on data listed in the Houston Association of Realtors Multiple Listing Service and while not 100% complete are very representative of each market. The South Katy did have some damage from Hurricane IKE but compared to most of the greater Houston area this damage was minimal being mostly fence and roof incidents.

The average price during on a year to date (YTD) basis has increased by $10,752 or 4.36 % versus YTD September 2007 data. Median home price has also increased by $10,680 or 5.08 %. The sales price per square foot has increased by $2.00 per square foot to $89.00 sq. ft. The final sales price as a % to list price has dropped from 97% during 2007 to 96% during 2008. New home listing in the area has increased by 165 to 3,652 at September 30, 2008. Pending sales in South Katy, like most areas in Houston, has decreased by 154 to 1,479 and days on the market have also increased to 64 from 54 last year. South Katy has a 4.4 month supply of inventory of homes available which is still excellent.

Contrary to all the negative press, homes are still selling in the South Katy area and people are going about their normal lives. The news media in Houston and across the US would have all of us believe that sky is falling in and we are living out our last days. South Katy has a good supply of available homes ready for buyers to move into and it's a great place to live with its award winning school district and tons of amenities. Give me a call as I would love to show anyone just how great this area is to live and/or work in!!!

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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© 2007- 2016 Bob Gilbert 

 

 

 

 

 

 

 

 

 

 

 

  

       

                      

 

 

 

 

 

 

 



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Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
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Howdy and evening Bob

Bob my friend, I'm sure folks really appreciated this here South Katy Real Estate Market Report you posted to help to know what was happening. 

Have a good one

Dale in New Hampshire

Jul 02, 2013 08:12 AM #1
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