Meg Zoller Houston Fine Homes

Sales in Braes Heights, a Houston, Texas subdivision, can be largely broken down as follows: 1) older homes with few if any updates which are mainly worth lot value, 2) older homes which have been remodeled, and 3) new or recent construction homes.

Our marketing condition report uses information that was reviewed on Houston Association of REALTORS Multiple Listing Service. There are currently 20 single family residential homes on the market priced from $410,000 for a "lot value" home on a 9375 sq. ft. lot to an under construction 4 bed/3.5 bath, 4600 sq. ft. home priced at $1,299,000. The average asking price per square foot is $220.74..

Although no homes closed in February 2008, there are 7 homes pending sale. The lowest priced home pending is a completely remodeled 3 bed/ 2 bath,1632 sq. ft. home on a 7875 sq. ft. lot, priced at $429,900. The highest pending sale is a new construction luxury home 4 bed/ 4.5 bath, 5737 sq. ft. home on a 10,800 sq. ft. lot priced at $1,500,000.

ZIP Code: 77025

Approximate Location Boundaries: See Characteristics section

Location Characteristics: Braes Heights is a Houston, Texassubdivision of mostly single family homes located inside the 610 Loop, west of the Texas Medical Center and south of West University and Southside Place. It's street boundaries are roughly Holcombe to the north, North Braeswood to the south, Stella Link to the west and Buffalo Speedway to the east. It is part of Braeswood Place which is composed of seven subdivisions: Ayshire, Braes Heights, Braes Oaks, Braes Manor, Braes Terrace,Emerald Forest, and Southern Oaks. It was built in the 1950s and is now mainly composed of the older ranch style homes and new construction homes. There has been much new construction in the last 10 years-mostly 2 story homes from 3200 to 5500 sq. ft.

Recent developments are a library, YMCA, Sheltering Arms senior citizens facility headquarters, McGovern Park ballfields for children, Helen's Park and Beal Park. Braes Heights is zoned to Mark Twain Elementary (newly built), Pershing Middle School(newly built) and Lamar High School. Children in Braes Heights are placed in the West UniversityLittle League. Braes Heights is part of the Braeswood Place Homeowners Association.

Meg and Jim Zoller - The Zoller Group of Keller Williams Realty, The Metropolitan

Please view our website, http://www.finehomeshouston.com/ . Also, feel free to contact us at:

Direct: 713-661-0884

Toll Free: 800-808-6153

E-mail: Meg@FineHomesHouston.com or Jim@FineHomesHouston.com

Cells: Meg - 713-875-4844 Jim - 713-545-6338

2006 was a good year for homeowners in Meyerland, a subdivision of Houston, Texas, as we saw 109 properties sold ranging in price from $197,000 up to $1,150,000 with an average sales price of $368,966 or $133.73 per square foot showing a definite upward trend. These figures are based on data collected from the Houston Association of Realtors.

Meyerland residents continued to enjoy increased property values as reflected in the following data provided by the Houston Association of Realtors. There were 89 single family homes sold in 2007 with prices ranging from $200,000 to $1,000,000 averaging $144.73 per square foot.

Currently there are 40 active available homes for sale in Meyerland with list prices ranging from $239,900 to $1,150,000 and there are 16 properties in various stages of pending. The wide range in price reflects the new construction; however the majority of homes in Meyerland are 3 to 4 bedrooms, 2 baths between 2000 and 3000 sq. ft. These figures are based on data collected from the Houston Association of Realtors.

In February of 2008 seller sold 5 homes with prices ranging from $265,000 to $847,500 . . . averaging $151.69 . . . and indicating that Meyerland homes continue to appreciate in value.

For the month of January 2008 buyers bought 5 homes in Meyerland with prices ranging from $319,800 to $395,000, averaging $147.05 per square foot.



ZIP Code: 77096

Approximate Location Boundaries:South of Beechnut, North of Bellfort, West of S Post Oak, East of Chimney Rock

Location Characteristics: Meyerland is a residential area situated on the banks of the Brays Bayou at the outer southwest corner of Loop 610, just south of Bellaire. Just a 15-minute drive (or less) to downtown Houston, the Texas Medical Center, the Galleria, and the Reliant Park complex, the Meyerland community boasts excellent accessibility, beautiful parks, and strong community leaders. Homes range in price from the mid $100,000's (usually lot value) to the $1,000,000's and while some of the homes are the original 1950s bungalows, others are new construction from homeowners who like Meyerland's ease and convenience.

Meyerland is the concept of three generations of the Meyer family. In the late 1800's, Joseph F. Meyer started buying land in the southwest part of the area surrounding Houston, eventually accumulating 6,000 acres of which he paid less than $5 per acre. In the mid-1950's Joseph's son, George, saw the possibilities of a prestigious subdivision and after his father's death, son George took the 1,200 acres he inherited and created Meyerland with 2,700 lots and an 80-acre reserve for a shopping center. George Meyer proceeded to develop homes that were affordable enough to attract middle America. Look magazine called Meyerland a "state-of-the-art neighborhood" while House and Home magazine claimed it was the "ideal plan for a subdivision." Meyerland might be termed Houston's first "planned community" in that Meyer held to stringent deed restrictions and strong architectural controls for its development. Characteristic of Meyerland are brick, contemporary styled homes, three and four bedrooms with two baths, an uncommon feature when built.

Meyerland Plaza Shopping Center was opened in 1957 as Houston's second regional mall and was managed by George Meyer's oldest daughter, Leota Meyer Hess. The third generation of the Meyer family sold the center in 1984. After years of neglect, in the mid-90s it was purchased and renovated by a new owner. The revival of Meyerland Plaza brought 927,000 square feet of new shopping space to Meyerland and the plaza now includes a variety of 50 shops and restaurants, several of which opened spring 2005.

Schools - Meyerland has numerous Houston Independent School District Exemplary schools and is zoned to nationally acclaimed Bellaire High School. Zoned neighborhood elementary schools include Kolter Elementary School and Lovett Elementary School, both located in Meyerland. The neighborhood is also served by Johnston Middle School (located in Meyerland), Pershing Middle School (located in Braeswood Place), and Pin Oak Middle School in the city of Bellaire (pupils zoned to Johnston have the option to attend Pin Oak), and Bellaire High School located in the city of Bellaire.

The Houston Public Library system operates the Meyer Branch Library at 5005 W. Bellfort, which serves the Meyerland community.

Meg and Jim Zoller - The Zoller Group of Keller Williams Realty, The Metropolitan

Please view our website, http://www.finehomeshouston.com/ . Also, feel free to contact us at:

Direct: 713-661-0884

Toll Free: 800-808-6153

E-mail: Meg@FineHomesHouston.com or Jim@FineHomesHouston.com

Cells: Meg - 713-875-4844 Jim - 713-545-6338

Montrose market area residents continue to enjoy stable property values as reflected in the following data provided by the Houston Association of Realtors. There were 10 single family homes sold in February 2008 with prices ranging from $235,000 to $533,250; averaging $168.62 per square foot. There were 17 town house/condos soldin the Montrose market area during this same period with prices ranging from $72,100 to $475,000 for an average of $143.81 per square foot.

Currently sellers are offering 62 active available single family homes for salein Montrose with list prices ranging from $259,000 to $1,300,000. Buyers have 11 properties pending sale.

There are 94 active available town house/condos in the Montrose market area with prices ranging from $77,000 to $749,900. It's reported that there are 32 properties pending sale.

According to data provided by the Houston Association of Realtors, there were 121 single family homes sold in 2007 with prices ranging from $105,000 to $890,000; averaging $171.51 per square foot. There were 167 town house/condos sold in the Montrose market area during this same period with prices ranging from $43,000 to $646,000 for an average of $135.77 per square foot.



ZIP Codes: 77002, 77006, 77007, 77019, 77098

Approximate Location Boundaries: Montrose, a Houston, Texas subdivision is generally bound by Highway 59 to the south, Allen Parkway to the north, Bagby Street to the east and Shepherd to the west; Montrose market area boundaries expand beyond the subdivision.

Location Characteristics:Originally pronounced as if it were two words, that is, "Mont Rose", Montrose is generally bound by Highway 59 to the south, Allen Parkway to the north, Bagby Street on the east and Shepherd to the west. The Museum District is located in the southern part of Montrose and many bars & restaurants, thrift/vintage/second-hand shops, eclectic boutiques and small galleries maintain the unique flavor of this part of the city.

Initially envisioned as a planned community and/or streetcar suburb and dating back to the early 20th Century, Montrose comes with the most distinctive character of eccentricity and diversity in Houston. It is one of the prettiest areas with renovated mansions, bungalows with wide porches and cozy cottages lining shady boulevards where people can walk and cycle easily. There is even a small pocket of homes called Courtland Place where all of the houses are listed in the National Historic Registry. Other surrounding neighborhoods include Westmoreland, Avondale and Cherryhurst, all generating a Southern, cozy atmosphere. Townhouse/Condos and Lofts are very prevalent in the Montrose area as well.

According to information that I reviewed on Houston Association of REALTORS Multiple Listing Service, there are currently 134 single family residential homes on the market in Bellaire, Texas priced from $234,900 for a 1100 sq. ft., 3 bed/1 bath home on a 8190 sq. ft. lot near a highway feeder road to a high asking price of $2,899,000 for a 9662 sq. ft., 5 bedroom/ 5 full, 2 half bath, 3 car garage home on a 18,450 sq. ft. lot built in 2004. The average list price per sq ft is $249.39. Home sellers have forty eight homes for sale for over $1,000,000 and 25 homes priced at $400,000 or less. As of 03/6/2008 home buyers have an additional 32 homes pending under contract priced from $239,000 to $1,795,000.

During the month of January 2008, 12 single family homes closed with sale prices ranging from $239,900 to $1,864,000. The average sales price per average sq. ft. was $213.24/ sq. ft.

In February 2008, 12 sales closed with an average sales price per average sq. ft. of $203.09. The low sales price was $240,000 for a lender owned 1763 sq. ft., 4 bed/ 2 bath home on a 8450 sq. ft. lot next to the feeder road and sold "as is". The highest reported sales price was $1,425,000 for a 5 bed/6.5 bath home built in 2006 on a 8450 sq. ft. lot.

There are presently reported to be 5 townhomes actively on the market, priced from $199,000 to $325,000. The average list price per sq ft is $159.89. Three sold in February and 2 are pending sale.

New construction in Bellaire is still strong and the prices are increasing due to rising building costs and lot prices. For the most part, construction in Bellaire originated in the late 40's and 50's. Many of these original homes have been and are being purchased at lot value with the old homes being replaced with larger, new construction homes.

ZIP Code: 77401

Location Characteristics: Bellaire, Texas, located on both sides of Interstate Loop 610 West, is surrounded by Houston and many subdivisions including West University Place, Southside Place, Meyerland, Willow Meadows, and Afton Oaks. It's a very short distance to the Galleria, Reliant Stadium, downtown Houston, the Theater District, and the Texas Medical Center.

Bellaire is zoned for residential,commercial, and light industrial sections. The city is well known as a residential city. The city is well-liked for its police and fire protection, parks and recreation facilities, library, public works department, and recycling center.

Approximately 3500 single family homes exist in the Houston Heights with an average sales price per sq. ft. of $175 in 2007. Since 1994, this figure has increased every year. The values were $164/sq ft. in 2006, $156/sq ft.in 2005 and $150/ sq ft. in 2004. These figures were obtained from the Houston Association of Realtors Multiple Listing Service, as are the others cited in this article.

Currently, there are 141 single family homes for sale in the Houston Heights ranging from a 3 bed/1 bath, 1200 sq. ft. home in need of repairs on a 4323 sq. ft. lot listed for $135,000 to a new construction, 4 bed/3 bath, 4080 sq. ft. home on a 13,200 sq. ft lot and priced at $1,490,000. The average list price per sq. ft. is $187.73. Many of the homes for sale are new construction ones on small lots. However, there are a good selection of older homes. Home buyers have another 39 homes under contract as of 3/07/2008 but they haven't closed to date.

In January 2008, there were 18 single family homes sold at prices ranging from $94,000 to $1,677,000 with an overall average sales price per sq. ft. value of $187.06.

In February 2008, 18 home sellers sold their single family homes at prices from a low of $130,000 on a that sold as a short sale, 4 bed/2.5 bath, 1740 sq. ft. home on a 6600 sq. ft. lot to a high sales price of $860,000 for a new construction, 3406 sq. ft., 4 bed/3.5 bath home on a 6600 sq. ft. lot. The overall average sales price per sq. ft. was $165.92.


ZIP Code: 77008

Approximate Location Boundaries: Downtown Houston, Memorial Park, Oak Forest

Location Characteristics: This historical neighborhood, with a mixture of bungalow, Victorian homes, and new construction (as well as some industrial and commercial property) was originally established as a planned community in the late 1890s. The location was partially chosen because it was 23 feet higher than downtown Houston, located 4 miles away. In 1918, Houston Heights residents voted for annexation by the city of Houston.

The single family home market in the Houston Heights consists of older Victorian era homes, older bungalows, and new construction. Many of the older homes have been remodeled and over 100 Houston Heights structures are registered in the National Register of Historical Places. The newer construction consists of everything from contemporary designs to Victorian style homes.

Meg and Jim Zoller - The Zoller Group of Keller Williams Realty, The Metropolitan

Please view our website, http://www.finehomeshouston.com/ . Also, feel free to contact us at:

Direct: 713-661-0884

Toll Free: 800-808-6153

E-mail: Meg@FineHomesHouston.com or Jim@FineHomesHouston.com

Cells: Meg - 713-875-4844 Jim - 713-545-6338