Home Sales are Hot in Spring Branch

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Home Sales are Hot in Spring Branch

Spring Branch has become one of the city’s hottest locations for single-family home sales at a time when Houston’s employment opportunities and growing population continue to drive demand.

According to a monthly report prepared by the Houston Association of Realtors (HAR), in June 2015 single-family home sales across the city totaled 7,935 units—the highest one-month volume ever—compared to 7,621 a year earlier.

Additional HAR data shows Spring Branch welcomed 838 new homeowners last year, with an average sale price of $352,537. The area compared very favorably to other parts of the city like Bear Creek, Cypress North, and Pearland, where the number of home sales may have been greater, but at a lesser price point.

Just in the first quarter of 2015, builder K. Hovnanian closed on 30 single-family residences closings Enclave at Spring Shadows––double the number in all of 2014. The energy-efficient three-story homes range from $385,000 to $430,000 and feature four different designs.

The year 2014 was a busy one for builder David Weekley, with sales activity in five new-home communities in the Spring Branch area: Hollister Square, Moritz Park, Lynnview Manor, Bracher Estates, and Knoll Landing. Twenty-one homes in Hollister Square (Hollister at Hammerly) in the $284,000 to $300,000 range. In Moritz Park (Moritz north of Westview), the company closed on 20 new homes ranging from $637,000 to $720,000. In Lynnview Manor (Lynnview at Merlot), there were 15 new homes sold in the range of $450,000 to $520,000.

Builder City Choice closed on 13 new homes in Blalock Park (near Long Point) in 2014, with prices ranging from $260,000 to $295,000. The company also has residential properties in Emnora Heights (near Campbell Road) and Hollywood Garden (Hammerly at Long Point).

Riverway Homes sold 17 homes in the Woodbend Park community (Silber north of Westview), with home prices from $319,000 to $439,000. The company also recorded sales in the $700,000 to $1 million range community of Spring Valley Cove (Bingle north of Westview).

InTown Homes closed on 10 new single-family dwellings in Hillshire Lakes (Hollister at Hammerly) last year, with prices ranging from $445,000 to $480,000 and comparably priced townhomes in the same neighborhood. InTown also sold properties in the Kolbe Farms community (Hollister at Emnora) and is developing 153 lots at Avondale Square (Rosefield and Kempwood).

Builders Rob Ryan and Lovett Homes also sold properties in the Flowerdale (Flowerdale at Wirt) and Ravenna (Awty School Road), respectively.

By | 2015-08-06T14:58:55+00:00 August 6th, 2015|Real Estate Corner, Residential|0 Comments

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