Silverlake Market Report Update October 2011

Silverlake Real Estate Market in Pearland, TX remains strong and steady. At this time there are 67 homes active on the MLS. Last month I reported on September 15^th in my Silverlake Market Report Update that there were 83 homes active on the mls. The price range of the homes active on the market is $99,000 to $599,000. There are many opportunities for homes buyers given the large range of prices.

Pending Sales are up this month from 15 in September to 24 in October. This shows a positive Real Estate Market for Silverlake. The average price for the homes pending is $210,882.00. The price range of the homes is $108,900 to $619,900. The average time on the market was 105 days.

The number of homes SOLD and closed was a slightly down from last month but, expected to go back up next month with the large number of pending home sales. There were 12 homes that closed since September 14, 2011. The average adjusted price range of the homes was $106,100 to $346,500. The average time on the market was 96 days. The sellers received an average of 97% of the sales.

Silverlake Featured Home for Sale or Lease

2807 Newbury Court

$274,999 for Sale or $1975.00 month for Lease

Approximately 3990 Square Feet

This home is exquisite on all ends! Offering 5 bedrooms and 3.5 baths there is so much room you won't know what to do. Hardwood and tile thought-out the dining, kitchen & living room. Over sized Kitchen has granite counter tops and double oven. Master Suite is huge and has his/her sinks w/ a whirlpool garden tub. Two Staircases! BIG Gameroom and four BIG bedrooms upstairs with Jack/Jill bathrooms. Also there is an extra room can be used as computer niche or nursery. Backyard is nice size and has porch.