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Mark Fuller

Houston ended 2011 with healthy real estate market

02-09-12
Mark Fuller

After several months in which home sales figures were skewed by the effects of the 2010 homebuyer tax credit, the Houston real estate market concluded 2011 solidy in the black. December marked the seventh straight month of increased homes sales and the month contained a host of indicators suggesting a healthy start to the new year. Prices of single-family homes across Greater Houston for the full-year of 2011 were up slightly from 2010. The median price reached an all-time high for a December in Houston and months inventory hit its lowest level in two years.

According to the lastest monthly data compiled by the Houston Association of Realtors (HAR), December sales of single-family homes throughout the Houston marktet climbed 7.2% when compared to December of 2010. Positive sales activity was recorded in every segment of the housing market except the luxury segment-those homes priced from $500,000 and above-which was unchanged year-over-year.

The average price of a single-family home was statistically flat at $219,791 compared to December 2010 while the December single-family home median price-the figure at which half of the homes sold for more and half sold for less-rose 1.9% from one year earlier to $160,000.

Foreclosure property sales reported in the Multiple Listing Service (MLS) increased 6.1% in December compared to December 2010. Foreclosures comprised 20.5% of all property sales, remaining consistent with the levels they maintained for much of 2011. December's median price of foreclosures held steady on a year-over-year basis at $82,550.

December sales of all property types in Houston totaled 5,460, up 6.6% compared to December 2010. Total dollar volume for properties sold during the month increased 7.5% year-over-year to $1.16 billion. On an annualized basis, sales of all property types were up 4.3 percent compared to 2010 levels while total dollar volume rose 5.2% to $13 billion.

"2011 ended on a very promising note," said Wayne A. Stroman, HAR chairman and President/CEO of Stroman Realty. "We spent a good part of the year struggling to accurately gauge the market because we were comparing to accelerated sales in 2010 that resulted from the homebuyer tax credit. Once we distanced ourselves from that period, we saw clear indications of a healthy market with a balanced supply of housing inventory and strong pricing-conditions that put Houston in an enviable position compared to many housing markets around the country. The key to sustaining that positive momentum in 2012 will be continued improvement in Houston's employment numbers."

The Houston houseing market concluded calendar year 2011 with noteworthy gains in sales volume along with strong pricing. Single-family homes sales rose 4.0% for the year while sales of all property types increased 4.3%. On a year-to-date basis, the average price rose 0.9% to $213,723 while the median price ticked up 0.7% to $155,000. Total dollar volume for full-year 2011 climbed 5.2% to $13 billion compared to full-year 2010.

Source: Houston Association of Realtors

Rates Have Hit All-Time Low Levels Again! Houston Real Estate Specialist Speaks Out

12-04-09
Mark Fuller

In case you haven't caught the news, home loan rates have done it again, dropping to their lowest level...ever. Not only has the 30 Year Fixed rate returned to its lowest all time level, rates across the board are at their lowest levels.

Yes, that means, go ahead and choose your flavor - 30 Fixed, 15 Fixed, 5/1 ARM or 1/1 ARM - all loan types hit their lowest levels of the year! For the weekly Freddie Mac survey of all lenders, this is the first time that all have been at their lowest level.

You must understand, though, that rates are artificially low! Last November, Ben Bernanke and the Fed put into place a program to lower rates. That program though is nearing its end, as the Federal Reserve has purchased over $1 Trillion of mortgage backed securities this year and with less than 20% of allocated funds left in the program, rates are sure to increase. The only questions remaining are by how much and when.

Chart - 2009 30 Year Fixed Rates

The chart above shows the 30 Year Fixed Rate over the last 11 months. The first red arrow shows what took place when interest rates shot up in May, rising nearly 0.75% in a matter of days. And just as when the holidays come and go this month, the rates that are available today are likely to take off as well, only this time for good.

Interest rates that were in effect prior to the implementation of the announcement of the Fed's program last year were well above 6.00% and a return to those levels cannot be ruled out. If you are looking to refinance or currently shopping for a loan, lock your loan quickly to take advantage of the lowest rates we are likely to ever see in the future.

Remember, the reason I wanted you to see where rates have been this year is also to see how quickly they can rise. If you would like to know how I can help you, call me today. Waiting could cost you an opportunity to have an even bigger smile on your face when you say "Happy Holidays!" this month.

Mark Fuller is a Houston Texas Luxury Home Real Estate Specialist. You can learn more about his business by going to www.luxuryhomeshoustontexas.com

Spring Valley Community Profile Memorial Villages Houston Texas

11-04-08
Mark Fuller


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Click here to download a local community report
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to view and print this document)

Spring Valley Village is a city in Harris County, Texas, USA. The population was 3,611 at the 2000 census.
The United States Postal Service uses "Houston" for all Spring Valley Village addresses; "Spring Valley Village" is not an acceptable city designation for mail addressed to places in Spring Valley Village. Spring Valley Village is in Texas's 7th congressional district. In 2007, the name of the city was officially changed from Spring Valley to Spring Valley Village.

Law and Government
As of 2006 the mayor of Spring Valley Village is Mike Andrews. Timothy P. Glanzman, Greg Herbst, Timothy R. Conroy, Bruce Spain, and Tom J. Trammell currently serve as members of the city council.

Fire Service
The Village Fire Department serves all of the Memorial villages.

Education

Public schools
Spring Valley Village is served by the Spring Branch Independent School District. Spring Valley Village is zoned to Bear Boulevard School in Spring Valley Village, Valley Oaks Elementary School in Houston, Spring Branch Middle School in Hedwig Village, and Memorial High School in Hedwig Village. Spring Branch School of Choice (formerly Spring Branch High School) is located in Spring Valley Village.
Spring Branch Education Center, housing the Spring Branch School of Choice and the Cornerstone Academy. The Bear Boulevard School is for Pre-Kindergarten children.
Colleges and Universities
Spring Valley Village is served by the Houston Community College System.

Public Libraries
It is served by the Spring Branch Memorial Branch Library (the Spring Branch Memorial Branch is in Hedwig Village).

Media
The Houston Chronicle is the area regional newspaper.
The Memorial Examiner is a local newspaper distributed in the community.

Postal Services
The closest United States Postal Service location is the Long Point Post Office at 8000 Long Point Road, Houston, Texas, 77055-9998.

Memorial City Shopping Center

This local shopping center is located within the Village in Bunker Hill

Spring Valley
City Hall
Spring Branch
School of Choice
The Bear Boulevard
School
Spring Branch Middle School

According to the Texas Education Agency school rankings, Spring Branch Middle School has achieved "Recognized" status for the 2007 -2008 school year. Spring Branch Middle School would like to thank the staff, students and community for helping the school to reach this goal.

Memorial High School
MHS has earned "Recognized" Status and is a Texas Honor Roll School

Valley Oaks
Elementary

Memorial Drive
Elementary School

Texas Business and Education Coalition Just 4 Kids Honor Roll 2005 and 2006 National Exemplary Blue Ribbon School Texas Exemplary Accountability Rating

Memorial Middle School

Grades: 6th - 8th 2007 State Accountability Rating: Recognized

Hunters Creek Village Community Profile Memorial Villages, Houston Texas

11-04-08
Mark Fuller

Hunters Creek Village Homes for sale

The Community of Hunters Creek is one of the Memorial Villages located west of Downtown Houston. It is a beautifully wooded area with elegant and stately homes reflecting a distinctive environment of elegance and culture. Explore this area to compliment you and your lifestyle. We have assembled school, government, shopping and real estate information. Call your Hunters Creek real estate experts, the Fuller team at 713-470-2161. If you need a professional price opinion of your property in today's market, give us a call.



In 2008, Forbes.com selected Bunker Hill Village along with Hunter's Creek Village and Sugar Land
as one of the three Houston-area "Top Suburbs To Live Well" of Houston.


Click here to find out
Click here to download a local community report
(you will need the FREE Adobe Acrobat Reader
to view and print this document)

Incorporated in 1954 like the other five villages, the 2-square mile area known as Hunters Creek Village is home to over 4,000 people. The median income for a household in the city was $171,294, and the median income for a family was $184,574. The area has over six miles of hiking and biking paths, and 22 miles of streets wind through an area containing over 1,400 homes.

Current market prices for homes in Hunters Creek are between $100,000 and nearly 3.5 million.

Hunters Creek Village is a city in Harris County, Texas, United States. The population was 4,374 at the 2000 census.The United States Postal Service uses "Houston" for all Hunters Creek Village addresses; "Hunters Creek Village" is not an acceptable city designation for mail addressed to places in Hunters Creek Village.As of 2000, Hunters Creek Village is the 5th wealthiest location in Texas by per capita income. Hunters Creek Village is in Texas's 7th congressional district.

Police Service
Bunker Hill Village, Hunters Creek Village, and Piney Point Village jointly operate the Memorial Villages Police Station.
Fire Service
The Villages Fire Department serves all of the Memorial villages.

Education
Hunters Creek Elementary School
Memorial Drive Elementary School

Public Schools
Two school districts serve Hunters Creek Village. Most of Hunters Creek Village is north of the Buffalo Bayou; that portion is served by the Spring Branch Independent School District. The portion south of the Buffalo Bayou is served by the Houston Independent School District All residents are assigned to Wildcat Way School in Houston for preschool. Most of Hunters Creek Village is north of the Buffalo Bayou; that portion is served by the Spring Branch Independent School District. One school, Hunters Creek Elementary School, is within the city boundaries. Students in Hunters Creek go to Spring Branch Middle School and Memorial High School, which are in Hedwig Village. The portion south of the Buffalo Bayou is served by the Houston Independent School District. HISD students are zoned to Briargrove Elementary School, Grady Middle School, and Lee High School (students may attend Lamar High School or Westside High School instead). One school, Hunters Creek Elementary School, is within the city boundaries. Most residents are zoned to Hunters Creek; some are zoned to Memorial Drive Elementary School in Piney Point Village. Students in Hunters Creek go to Spring Branch Middle School and Memorial Middle School, which are in Hedwig Village. HISD students are zoned to Briargrove Elementary School, Grady Middle School, and Lee High School (students may attend Lamar High School or Westside High School instead). Residents of the Briargrove Elementary School attendance zone may apply for the Briarmeadow Charter School.

Colleges and Universities
The city is served by the Houston Community College.

Public Libraries
It is served by the Spring Branch Memorial Branch of Harris County Public Library (the Spring Branch Memorial Branch is in Hedwig Village).

Media
The Houston Chronicle is the area regional newspaper.
The Memorial Examiner is a local newspaper distributed in the community.

Postal Services
Most of Hunters Creek Village is within the 77024 ZIP code, while the section south of the Buffalo Bayou has the 77063 ZIP code. The United States Postal Service location serving 77024 is the Memorial Park Post Office at 10505 Town And Country Way, Houston, Texas, 77024-9998. The location serving 77063 is the John Dunlop Post Office at 8728 Beverlyhill Street, Houston, Texas, 77063-9998.


Memorial City
Shopping Center
Hunters Creek
Elementary School

Briar Grove
Elementary School
Grady Middle School
Spring Branch Middle School According to the Texas Education Agency school rankings, Spring Branch Middle School has achieved "Recognized" status for the 2007 -2008 school year. Spring Branch Middle School would like to thank the staff, students and community for helping the school to reach this goal.
Memorial High School
MHS has earned "Recognized" Status and is a Texas Honor Roll School

Memorial Drive
Elementary School
Texas Business and Education Coalition Just 4 Kids Honor Roll 2005 and 2006 National Exemplary Blue Ribbon School Texas Exemplary Accountability Rating
Memorial Middle School Grades: 6th - 8th 2007 State Accountability Rating: Recognized











































































































City of Hilshire Village Community Profile

11-04-08
Mark Fuller


Click here to find out

Click here to download a local community report
(you will need the FREE Adobe Acrobat Reader to view and print this document)

The smallest of the Memorial Villages, the population of Hillshire Village was a mere 720 at the 2000 census. Hillshire Village is also the 10th wealthiest location in Texas by per capita income. The median income for a household in Hillshire Village was $117,252, and the median income for a family was $129,025.

Hillshire Village as a community focuses on social events for its residents, including National Night Out Block Parties, as well as events intended to strengthen relationships between adults and kids.

Current market prices for homes in Hillshire Village are in the $500,000 range.

The United States Postal Service uses "Houston" for all Hilshire Village addresses; "Hilshire Village" is not an acceptable city designation for mail addressed to areas in Hilshire Village.

Hilshire Village is in Texas' 7th congressional district.

Fire Service
The Village Fire Department serves all of the Memorial villages.

Public Schools
Hilshire Village is served by Spring Branch Independent School District. Hilshire Village is zoned to Bear Boulevard School in Spring Valley Village, Valley Oaks Elementary School in Houston, Spring Branch Middle School in Hedwig Village, and Memorial High School in Hedwig Village.

Private Schools
Several private schools, including School of the Woods and one of the two campuses of The Monarch School, are located in Hilshire Village. The Monarch School plans to move out of its Hilshire Village campus and its campus in the Houston city limits into a new campus in the Houston city limits in August 2008.

The Roman Catholic Archdiocese of Galveston-Houston operates St. Cecilia School, a K-8 Roman Catholic school, in nearby Hedwig Village. The Kinkaid School, a K-12 private school, is located in Piney Point Village.

Colleges and Universities
The city is served by the Houston Community College System.

Public Libraries
It is served by the Spring Branch Memorial Branch of Harris County Public Library (the Spring Branch Memorial Branch is in Hedwig Village).

Media
The Houston Chronicle is the area regional newspaper.
The Memorial Examiner is a local newspaper distributed in the community.

Postal Services
The closest United States Postal Service location is the Long Point Post Office at 8000 Long Point Road, Houston, Texas, 77055-9998

Memorial City
Shopping Center
Briar Grove
Elementary School
Grady Middle School
Spring Branch Middle School According to the Texas Education Agency school rankings, Spring Branch Middle School has achieved "Recognized" status for the 2007 -2008 school year. Spring Branch Middle School would like to thank the staff, students and community for helping the school to reach this goal.
Memorial High School
MHS has earned "Recognized" Status and is a Texas Honor Roll School

Memorial Drive
Elementary School
Texas Business and Education Coalition Just 4 Kids Honor Roll 2005 and 2006 National Exemplary Blue Ribbon School Texas Exemplary Accountability Rating
Memorial Middle School Grades: 6th - 8th 2007 State Accountability Rating: Recognized