Timbergrove / Lazybrook Market Update – October 2013

Lydia Davies September 19, 2018

Homes in Timbergrove continue to fly off the shelves and prices are still way up year over year.  However, prices are starting to flatten out just a bit.  For the second consecutive month, the price have leveled off. Is this a seasonal adjustment or a long term trend? That question probably won’t be answered until after the first of the year. Regardless, inventory levels and days on market remain low, which is a good indicator of long term price health. Check out the numbers and video below for the most recent data.

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Timbergrove Market Report – October 2013

SALES ACTIVITY

As we noted earlier, homes continue to sell and sell quickly. There were 13 total sales in the month of October in Timbergrove / Lazybrook. That’s flat from October 2012. Of the homes sold in October 2013, half were under contract in 4 days or less.

MLS# Closed Date Address Bedrooms Baths # Garage Pool Bldg SqFt Lot SqFt Year Built List Price
19424238 10/25/2013 2422 BROOKTREE DR 3 2/1 2 N 2,480 9,075 1969 $450,000
41765199 10/30/2013 6318 KURY LN 3 2/0 3 N 2,157 9,075 1965 $449,900
54135271 10/25/2013 6402 WISTER LN 4 2/1 2 N 1,879 8,840 1955 $449,900
97299158 10/7/2013 6510 KURY LN 3 2/0 2 N 2,271 9,590 1964 $389,900
93072353 10/1/2013 3022 HERITAGE CREEK OAKS 4 3/1 1 N 3,241 2,541 2004 $359,000
14918582 10/4/2013 1310 JEANNINE DR 3 2/0 2 N 2145 8,880 1958 $330,000
68510423 10/23/2013 2318 BROOKTREE DR 2 2/0 2 N 2156 9,680 1969 $325,000
51508946 10/1/2013 1178 HEMPSTEAD VILLA LN 3 3/1 2 N 2,323 1,680 2008 $299,900
38196941 10/8/2013 1834 MILL CREEK DR 3 1/1 2 N 1,482 7,215 1956 $299,900
28114249 10/11/2013 1162 HEMPSTEAD VILLA LN 3 2/1 2 N 1,746 1,680 2007 $275,000
55559485 10/29/2013 1831 LOCKSFORD 3 2/0 2 N 1,380 6,592 1964 $275,000
72907411 10/17/2013 6631 GROVEWOOD LN 3 2/0 2 N 1758 8,710 1963 $265,000
67503716 10/24/2013 1835 LOCKSFORD ST 3 1/1 1 N 1,422 6,489 1963 $225,000

ACTIVE LISTINGS

There are currently 20 homes active on the market. That makes 3 additional choices for buyers compared to this time last month.  There were 11 new listings that came on the market in October.  Of those, only 4 are still available.  The rest are under contract.Timbergrove-Graph-October-2013

HOME PRICES

For the 12 month period ending in October 2013, prices rose to $365,163 for Timbergrove / Lazybrook. That’s up 22% from the same period ending in October 2012, which was $300,116. That being said, prices have begun to flatten over the past couple of months.Splash-pad-blog-optamized1

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.

There are currently 20 homes active on the market. That makes three additional choices for buyers compared to this time last month.

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