Grogan's Point Newsletter
REALTY NEWS from Cherylé SandersonHello to all! What a wild year we have had! And when the hurricane came and left us with such a big mess, it seemed we would never get our beautiful neighborhood back to normal. But, we are getting there and our streets and roof tops are gradually getting cleaned and repaired.
The market in Grogan’s Point this year has been different from previous years in that we have had fewer sales and higher sales prices. Inventory has been less this year which indicates it has been more of a seller’s market. The average days on the market are down in the resale market. As I have said before, Grogan’s Point has become more popular in the past two years in part because of the large lot sizes and proximity to the interstate. And, of course, all the good neighbors in our fine area make Grogan’s Point a wonderful place to live!
At this writing, there are only fourteen (14) homes on the market in Grogan’s Point. Ten (10) of those homes are resale and four (4) are new construction. List prices range from $450,000 up to $3,200,000. Square footage prices range from $119.20 up to $380.95. Currently, one (1) property is pending and due to close in the later part of October.
Sixteen (16) homes have sold and closed 2008. Twelve (12) of the sixteen (16) are resale properties; four (4) are new construction. Sale prices range from $433,450 up to $1,350,000. Square footage prices range from $120.48 up to $229.64.
None of us know what the next ninety (90) days will bring in the real estate market. This author maintains a positive attitude always and is of the opinion that we here in The Woodlands enjoy a stable market and that The Woodlands will continue to prosper. According to The Woodlands Development Company, new home sales are even with 2007. This means our area is not suffering as much as the media indicates.
All the key drivers of a positive real estate market are present in Houston. One of the reasons for this is that despite a hurricane and a national credit crunch, Houston still boasts a positive median and average sales prices. Future growth predictions indicate that today is the best time to invest in real estate in Houston.
I can’t believe the holidays are upon us again! Happy holidays to you and your family!
Warmest regards,
Cherylé Sanderson,
Prudential Gary Greene, Realtors
#1 Prudential Realtor in Texas
Grogan’s Point Resident Since 1990