At last, residents in Alvin, Tx will have a local hospital. It's been a long time! According to Fox News in Houston, the new hospital will be built on Highway 35 North between Alvin and Pearland. It will be managed by CHRISTUS Health, an international Catholic Health system. According to the report, over 274 jobs will be created with average annual incomes of over $45,000 per year. The number of jobs is expected to increase to 420 over the next 10 years. You'll find the article here: CHRISTUS Hospital in Alvin. This is great news at a time when the number of jobs seems to be shrinking more often than not. It will be nice for Alvin residents to have the convenience of a quality local hospital too!
The waiting is finally over. This afternoon President Obama is scheduled to sign a bill passed by the Senate that will extend and expand the Home Buyer Tax Credit. First Time Home Buyers will have until April 30 to have a home under contract and until June 30 for the transaction to close. In addition, a $6500 tax credit will be available for existing home owners who have lived in their current residence for at least 5 years and buy a new home during this same time period. According to an article in today's Houston Chronicle (http://www.chron.com/disp/story.mpl/ap/washington/6706693.html), approximately 1.4 million first time home buyers had qualified for the credit through August, 2009 and 350,000 of those would not have bought without it. For more information on the Home Buyer Tax Credit go to: http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit?lid=ronav0019.
The vote is in! The Alvin ISD bond election has passed. Early voting showed 60% of voters in favor of the bond, which will provide funds for a third elementary school in Shadow Creek Ranch, Pearland. Alvin ISD has also purchased land for a third high school to be built near the Pearland Towne Center on Broadway. Even with current economic conditions, Alvin ISD is still growing in subdivisions along the 288 corrider ( Rodeo Palms, Southfork and Sedona Lakes in Manvel and Shadow Creek Ranch and Southern Trails in Pearland). One reason for the growth is most likely the area's convenient access to Houston, specifically the Medical Center. For all Brazoria County election results go to http://thefacts.com/index.lasso.
The table below shows the October 1-October 31 market statistics for Alvin, Tx. This includes some properties outside the city limits but within the 77511 (Alvin) zip code.
ACTIVE LISTINGS 154 HIGH $699,900 MEDIAN $149,900 LOW $ 33,000 OPTION PENDING 7 AVERAGE LIST PRICE $177,186 HIGH $329,000 MEDIAN $152,000 LOW $ 69,900 PENDING CONT. TO SHOW 11 AVERAGE LIST PRICE $147,732 HIGH $365,000 MEDIAN $114,500 LOW $ 84,000 PENDING 25 AVERAGE LIST PRICE $118,748 HIGH $234,500 MEDIAN $128,000 LOW $ 47,000 NUMBER CLOSED SALES 26 AVERAGE SALES PRICE $113,741 HIGH $190,000 MEDIAN $105,950 LOW $ 49,900
AVERAGE LIST PRICE $173,846
I hate to be the bearer of not-so-great news, but it's time for those pesky property tax bills again. For those of you living in Brazoria, Galveston and Harris Counties, you may have received yours already. Home owners in Alvin, Manvel and Pearland will receive one bill which includes all of the taxes levied on your property. It even includes the MUD tax which is assessed in some of the newer subdivisions in Pearland and Manvel (Shadow Creek Ranch, Silvercreek, Southern Trails, and other). An explanation of the MUD tax is a subject unto itself! If you're a resident in the city of Friendswood (Galveston County), you'll receive 2 different property tax bills. One will come from Galveston County and includes the taxes levied by the county and the city of Friendswood. Friendswood ISD sends a separate statement with school taxes only. If you're unsure about what to do with these various tax statements, call your mortgage company and the city or county tax office. They'll be sure to let you know exactly how and when your taxes should be paid.
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I am a lifetime resident of the Pearland/Alvin area specializing in real estate consulting in the Houston area including Brazoria,Harris and Galveston Counties.
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