Timbergrove / Lazybrook Market Update – December 2013

Lydia Davies September 19, 2018

Thanks for taking a look at this latest Timbergrove and Lazybrook market update. We hope you find it useful.

Home sales in Timbergrove / Lazybrook slowed down a little bit in December 2013.  However, half of all homes sold in December were still under contract in less than 14 days.  Home prices have risen 14 out of the last 15 months.  The average price of homes sold over 12 month period ending in December 2013 averaged $372,790.  That’s up 19% from the same period ending in December 2012.  If inventory levels continue to remain low in 2014, we could see this kind of appreciation through this year as well.

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SALES ACTIVITY

There were 18 homes sales in Timbergrove in the month of December 2013.  That’s up from December 2012 when there were a total of 15 homes sold. Homes took a little longer to sell last month than they did in the same period last year.  Half of all homes sold were under contract in less than 14 days.  In December of 2012, half of all homes sold were under contract in less than 4 days.

MLS# Closed Date Address BR Bths # Gar Pool Lot SqFt Bldg SqFt Yr List Price
67630547 12/20/2013 1138 WOODHILL 2 1/0 1 N 7,340 1,026 1950 $235,000
63616908 12/06/2013 6427 CINDY LN 3 2/0 2 N 8,580 1,724 1956 $280,000
35243474 12/09/2013 2507 Willowby 3 1/1 2 N 0 1,387 1960 $285,000
59548634 12/30/2013 1818 TANNEHILL DR 3 1/1 2 N 7,548 1,447 1962 $299,900
10172645 12/27/2013 1648 W 13TH ST 2 3/1 2 N 2,157 1,906 2006 $319,900
47715284 12/13/2013 2531 TANNEHILL DR 3 2/0 0 N 7,700 1,948 1963 $340,000
95675540 12/10/2013 6139 ABINGTON WAY 2 2/0 2 N 9,100 1,702 1955 $365,800
68784132 12/20/2013 6218 ABINGTON WAY 2 2/0 2 N 9,800 1,337 1955 $370,000
30095443 12/02/2013 1606 Willowby Dr. 3 2/0 2 N 6,834 1,614 1959 $387,500
2124475 12/12/2013 3518 WINDMILL ELM ST. 4 3/1 2 N 4,000 4,050 2007 $409,000
36360620 12/23/2013 6526 Grovewood 3 2/1 2 N 8,890 2,214 1958 $420,000
60817449 12/20/2013 1335 SEASPRAY CT 3 2/1 2 N 11,881 2,053 1960 $499,000
28484039 12/30/2013 6322 KURY LN 3 2/0 2 N 9,520 1,795 1965 $514,500
94417051 12/18/2013 1135 NASHUA ST 3 2/1 2 N 7,440 2,460 2013 $569,900
68658765 12/31/2013 2410 TANNEHILL DR. 4 2/0 2 N 7,260 2,415 1965 $575,000
37211928 12/06/2013 6202 KURY LN 3 2/1 2 N 14,070 3,081 1960 $599,900

ACTIVE LISTINGS

There are currently 14 homes on the market.  That’s down from 18 active listings this time last year.  In December, only 7 new listings came available to the market. Of those 7, only 2 are still available at this time.Timbergrove-Graph-December-2013

HOME PRICES

For the 12 month period ending in December 2013, prices rose to $372,790 for Timbergrove / Lazybrook. That’s up 19% from the same period ending in December 2012, which was $313,089.

Located just west of Houston Heights, Timbergrove and Lazybrook are two of the hottest neighborhoods for young families in Houston’s Inner Loop.  Downtown Houston and the Uptown/Galleria area are a short drive away.  Furthermore, Timbergrove and Lazybrook are conveniently located close to restaurants and bars in Houston Heightsthe Uptown/Galleria area, and the Washington/Rice Military Corridor.  For prospective buyers that are seeking close proximity to Houston’s great parks, Timbergrove and Lazybrook is home to 11th street Park, Jaycee Park, and the White Oak bayou bike trail.  Memorial Park and its great jogging trail is also nearby.  Timbergrove and Lazybrook is also home to a couple of our agents.

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