The immediate Conroe area did not fare well in 20011 single family residence unit sales versus 2010. Let take a quick look at this MLS area and see what the 2011 number showed.
MLS area 19: The City of Conroe and the immediate surrounding area.
Single family residence unit sales in this MLS area took a little beating in 2011 versus 2010. Unit sales dropped 9.84% from 2010. The average price and median price pretty much held steady increasing less than 1%. I will hazard a guess that the unit sales drop was due to two factors. The first factor was a drop in foreclosures and the second factor a drop in new home starts and sales in this MLS area. Active listings dropped 7.7% while average days on the market increased from 89 to 95. End of the year inventory stood at 6.4 months. This last number indicates a good neutral market with no particular seller or buyer advantage.
Have a great day!!
Ron
How did The Woodlands and its' MLS area fare in single family residence unit sales in 2011 versus 2010? Not bad considering all of the economic factors at play this past year. Plus let's not forget all of those politicians playing please let me be your presidential nominee. Who knows what impact that had on anything. Here is your quick look.
MLS area 15: Woodlands, Oak Ridge, Shenandoah, The and west to the county line.
This MLS area enjoyed a pretty good year in 2011. Unit sales for 2011 vs 2010 were up 6.84%. The average sale price increased 2.1%. That is about what I expect the average sales price increase to be over the next couple of years barring an unexpected turn of events. The median sales price dropped 1.9% indicating that cheaper homes were selling better than more expensive ones. The number of active listings dropped about 8.3% which probably helped lift the average sales price with fewer homes being available. Days on the market dropped which was also helped by fewer homes being actively listed. At the end of December there was 6 months inventory available. The average inventory for the year was 6.1 months. This indicates a neutral market for both buyers and sellers. Overall 2011 was a pretty good year for this area.
If you would like more information about this report or if I can help you buy or sell a home in this area please let me know.
Thanks and have a great day. 
Ron
Here is the latest lake report from the San Jacinto River Authority. We are expecting more rain this weekend also.
Lake Conroe’s Level Rebounds
By: Blake Kellum
Lake Conroe Division Manager
January 10, 2012
After Mondays 2 to 4 inches of rainfall, on an already sodden watershed, Lake Conroe’s level has risen approximately ¾ of a foot to elevation 193.79 msl. These winter storms are crucial to recharging the lake, as much as possible, before we dry out again during the spring and summer months.
For those of you with boats beached on the reservoir, now is the time to be diligent in tending to your vessels so that they do not float away because of the rising waters. Adjustments should be made to mooring ropes on any vessels tied up in slips; as too much slack can allow them to bang around and ultimately cause damage to the watercraft and slip. Montgomery County Pct. 1 Lake Patrol Officers have responded to several calls regarding missing and damaged watercraft after this welcomed rainfall event.
More rain is in the forecast for the coming weekend and if we are lucky it will fall in Lake Conroe’s watershed in amounts significant enough to continue the upward trend. The SJRA will be monitoring these events in hopes of seeing the lake come back to full by summer.
Have a great day!
Ron
It is that time of the year again when homeowners are starting to think about remodeling projects. In many cases it is because they are thinking about selling their home in the near future. With this in mind HouseLogic.com recently rated the seven best home improvement projects along with the respective Return on Investment (ROI). Here are the HouseLogic rankings from lowest to highest ROI. With the exception of the vinyl siding most of these projects should be great for the Lake Conroe area.
#7 – Vinyl Siding (foam backed) ROI 69.6%
#6 – Rear deck ROI 70.1%
#5 – New garage door(s) ROI 71.9%
#4 – Kitchen updating ROI 72.1%
#3 – Converting attic space to bedroom space ROI 72.5%
#2 – New steel front entry door ROI 73%
#1- Fiber-cement siding ROI 78%
One other piece of advice from HouseLogic, PLAN, PLAN, PLAN! 
Have a great day!
Ron
The lake level for Lake Conroe this morning (1/9/12) was 193.6ft. We are currently down 7.6' from our normal pool level of 201'. With the rain we are getting today and that is forecast for tomorrow our poor lake is slowly healing. Please keep the rain coming!
As our lake level rises to its' normal level expect those waterfront homes for sale to return to a normal pricing pattern. The deals now available won't be there for long.
Here are the current conditions from the San Jacinto River Authority.
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Current Conditions |
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Have a great day!
Ron
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