The newest Houston Real Estate market report is out and shows the luxury home market has made a sharp rebound. Homes in the $700,000 - $799,000 range were up 56%, $900,000-$999,999 were up 19% and homes above $1 million were up 31%. This is very good news because for each and every luxury home that is sold, you will find there's trickle down effect triggering a purchase at the other price points.
The industry report for all other price ranges shows small decreases in sales but it is really an indication in the market returning to normal demand and supply. During this same period last year, we were treated to several factors artificially inflating the market. These included the First Time Homebuyers Tax Credit, looser lending guidelines, and lower mortgage rates. With sales down only 1% year to date and the average sales price increasing 3%, this shows that Houston's market remains strong despite each of the factors enhancing the market in 2010 have ended. Another promising spot in the market is the sale of lots increased 19% year to date from last year signaling a rise in building.
If you are considering buying or selling Real Estate in Houston and want a Houston Realtor to help you choose a home, please contact Paul Silverman, Certified Negotiation Expert with Heritage Texas Properties to help find a home for you. Kindly visit our website at www.ourfirstnest.com .
The latest Houston Real Estate market report is out and shows the luxury home market has made a sharp rebound. Homes in the $700,000 - $799,000 range were up 56%, $900,000-$999,999 were up 19% and homes above $1 million were up 31%. This is great news because for each luxury home that is sold, there is a trickle down effect triggering a sale at the other price points.
The market report for all other price ranges shows small decreases in sales but this is an indication in the market returning to normal supply and demand. During this same period last year, we had several factors artificially inflating the market. These included the First Time Homebuyers Tax Credit, looser lending guidelines, and lower interest rates. With sales down only 1% year to date and the average sales price increasing 3%, this shows that Houston's market remains strong even after all of the factors helping the market in 2010 have ended. Another promising spot in the market is the sale of lots increased 19% year to date from last year signaling an increase in building.
If you are interested in buying or selling Real Estate in Houston and need a Houston Realtor to help you find a home, please contact Paul Silverman, Certified Negotiation Expert with Heritage Texas Properties to help find a home for you. Please visit our website at www.houstonhomesource.net .
Houston Realtor Paul Silverman has joined Heritage Texas Properties as a Broker Associate at their Post Oak Park location. Along with his 10 professional designations, Mr. Silverman brings over 15 years of experience in the real estate field including new construction, sales, marketing, mortgage and technology. "When looking at my choices of offices to join, I was amazed at the level of professionalism and the quality of agents, staff, and management at Heritage Texas Properties" says Silverman, "they are truly a group of professional agents who have welcomed me into their family atmosphere."
Heritage Texas Properties is Houston's largest independent real estate firm, recognized for providing distinguished residential brokerage services and a tradition of integrity since 1976.
A HUB certified business led by one of Houston's most recognized real estate leaders, Robin Mueck, Heritage Texas Properties employs more than 300 licensed real estate professionals working from multiple office locations throughout the Houston region and the near Hill Country. Their business philosophy stems from the tried-and-true concepts of attention to detail and customized personal service - hallmarks of their company since its inception.
If you are looking to buy or sell real estate in Houston and need a qualified Realtor to help in your search, please contact Paul Silverman, Broker Associate at Heritage Texas Properties. You can visit his website at www.ourfirstnest.com.
Real Estate in Houston is off to a great start in 2011. Although it is only early February, we are already seeing some very promising signs that buying a home in Houston will be a great move this year. Our first glimpse of the market came with promising signs for the first few weeks. Here are a few:
As the year progresses, we will have to keep an eye on foreclosures and some constriction in lending practices. Check back for more information next month.
If you need a Houston Realtor to help you find a home, please contact Paul Silverman, Certified Negotiation Expert, to help find a home for you. Please visit our website at www.ourfirstnest.com
Houston Realtor Paul Silverman has now completed the National Association of Realtor's "Successful Relocation Representation" course. "With Houston being one of the top relocation destinations in the country, it will be a great asset to have this additional training to help families not only find a home in this great city but also feel welcomed," says Silverman.
In June of 2009, Forbes Magazine rate Houston as the #1 city to get ahead. Recently, Houston was named one of the top cities in the country to find a job. If your are a young professional moving to Houston, you should know that Forbes just ranked Houston as the #1 city for young professionals - another great reason for Houston Relocation. According to Builder Magazine, Houston is ranked as the nation's healthiest housing market and Houston was ranked the 8th most affordable city in the country. With major employment centers in the area such as Texas Medical Center, Downtown Houston, The Galleria, Energy Corridor, NASA, The Port of Houston, and many more, there is no wonder why so many people are moving to Houston and it was ranked the best city to live, work and play by Kiplingers.
If you are considering a moving to Houston, please contact Houston Realtor, Paul Silverman to help in your relocation. You can reach him via email at paul@ourfirstnest.com or visit www.ourfirstnest.com .
Paul Silverman, MIRM, GREEN, ABR, CGP, CSP, CMP, SRES, AHWD, ePro is a Houston Realtor, Pearland Realtor, specializing in helping buyers find their new homes in Houston and Pearland
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