Homes for sale in The Woodlands, TX are selling with some attitude this year, as second quarter statistcis show growth in both sales activity and price stability. In short: we're selling more homes than last year, and prices are up!
Much of the average and median price growth has been achieved through the sale of many high-end homes that sat on the market through most of 2009. Carlton Woods, The Woodlands' exclusive, ultra-high-end neighborhood, has showed signs of recovery after a very slow market in 2009. High-end homes in Panther Creek Village and Grogan's Mill Village also made some waves in the second quarter of 2010.
Our full statistics report was just released, detailing performance for each of The Woodlands Villages in the second quarter of 2010: The Woodlands Home Sales Rising in 2010 - Second Quarter Report
Looking for more information about a specific home or neighborhood in The Woodlands area? Head over to our Houston Home Value Request or just contact us here.
Icon Real Estate
The Woodlands, Texas
Johnny Schiro, Broker
281-296-6226
About the author
Johnny Schiro is a Houston Realtor and co-owner of Icon Real Estate - an elite brokerage in The Woodlands, Texas. Johnny writes mostly about local market trends, buying & selling strategies, and industry insight. Comments and feedback encouraged.
What if you could buy a brand new home in a growing community, lease the home immediately for more than your monthly note, and have instant equity of 10% or more? Does that sound like a solid investment?
These opportunities abound in Suburban Houston, where home values and rental rates continue to climb. Nationwide homebuilders are suffering from slowing markets outside Texas, so they're offering incredible incentives to unload inventory homes. Typical inventory homes can be acquired for 10-15% below list price, yet homes built-to-suit are still selling for at or near list price. All of this in a market where commercial and residential development is as strong as ever.
Take this example:
In the popular Spring area of North Houston, a major homebuilder is offering homes starting in the $140k's with sizes ranging from 1450 sqft to 2500 sqft. The 2350 sqft plan has a list price of $165,900, and homebuyers who pick their lot and have the home built receive a 1% discount for a final price of $164,240. We recently assisted an investor in the purchase of this floor plan for $145,000. The home was leased in less than two weeks for $1,500/mo, which is more than $200/mo cash-flow after debt service, insurance, taxes, and HOA with a 10% down payment.
The investor now has a quality new home with a builder warranty, around $20,000 of equity, and a tenant paying the note. We manage the property for $50/mo.
Similar opportunities can be found all over Suburban Houston - as long as you know where to look! Our focus moves according to which major builders are nearing their fiscal year end or half-way point.
2008 promises to be a profitable year for residential investors, thanks to the combination of suffering home builders, rising foreclosures, and a healthy tenant pool. Take advantage!
Johnny J Schiro IV
Johnny Schiro is the founder and managing broker of The Icon Real Estate Group in Houston, Texas. The Icon Group is a real estate sales, financing, and management firm that assists local and non-local investors in the acquisition, leasing, and management of residential income property.
Broker | Icon Complete Real Estate
281.627.2486mobile
281.296.6226office
281.296.6240fax
26502 Oak Ridge Drive | Spring, Texas 77380
www.houstonicon.com
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The premier residential marketing firm in North Houston, offering superior performance to home sellers and home buyers in The Woodlands, Spring, and surrounding areas of Houston.
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