How much has the real estate market changed in Kingwood, Humble, Atascocita TX
I am asked all the time how bad is the real estate market in our area. More often than not I have people tell me it is a really bad real estate market without knowing the facts. Thanks largerly to our gloom and doom media, nationwide generalizations are applied at the local levels. It is a scary thought if you think about how media influenced the elections, commercials influence our buying patterns (although Tivo and other DVRs will eliminate this channel of marketing at some point, but I am sure companies will find another way to product place in our favorite TV shows), and the cultural and sociological impacts that occur with the content that is spewed across the soon to be digital network (get ready to buy a digital box converter for your TV or chunk the old analog set). Let's take an honest look at the numbers including 2007 vs 2008 year-to-date. The following is a look at the local real estate market, and yes this can be even more specific upon request jeremy@williams4yourhome.com.
Kingwood Market Area
1/1/07 - 11/10/07 | 1,163 Sold Homes
1/1/07 - 11/10/08 | 944 Sold Homes
Down 18.8%
Atascocita Market Area
1/1/07 - 11/10/07 | 614 Sold Homes
1/1/08 - 11/10/08 | 469 Sold Homes
Down 23.6%
Humble Market Area
1/1/07 - 11/10/07 | 1,110 Sold Homes
1/1/08 - 11/10/08 | 983 Sold Homes
Down 11.4%
Those may look bad, but nothing compared to national averages and those markets that got too hot. Here is an example of how local these numbers can get. Let's take a look at the following Eagle Springs vs. Summerwood. Both developments are by Newland Communities. Both developments are located within about 7 miles of each other.
Summerwood
1/1/07 - 11/10/07 | 192 Sold Homes
1/1/08 - 11/10/08 | 155 Sold Homes
Down 19.3%
Eagle Springs
1/1/07 - 11/10/07 | 188 Sold Homes
1/1/08 - 11/10/08 | 142 Sold Homes
Down 24.5%
See the variance in how local a market can be...
Greentree
1/1/07 - 11/10/07 | 101 Sold Homes
1/1/08 - 11/10/08 | 92 Sold Homes
Down 8.9%
If people were not influenced by what they hear and see, would these numbers be different?
I think so...
Remember real estate is local, people always will need to buy and sell homes, why not choose a real estate professional that is going to be upfront with you from the time you list your home until the time it closes.
Jeremy Williams of Keller Williams Realty is a residential real estate specialist serving the residents of northeast Houston including the Kingwood, Humble, and Atascocita (Summerwood, Fall Creek, Eagle Springs, Lakeshore) areas. For more information about his real estate services visit his website www.williams4yourhome.com or read more at his blog NE Houston Real Estate | Williams4YourHome.
