Rice Military Market Update – October 2013

Lydia Davies September 19, 2018

Prices were up 16% year over year at the end of October 2013.  However, the rate of price growth has slowed a bit over the past couple of months.  That being said, homes are still selling very quickly. Check out the video and the numbers below for the latest Washington Corridor and Rice Military home prices and sales data.

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Rice Military Market Update – October 2013

Homes Sold

The number of home sales slid a bit from this time last year. There were 76 total sales in the month of October in Washington Corridor. That’s down 22% from October 2012, when there were 98 total sales. That being said, the number of homes that are selling continue to sell quickly. Of the homes sold in October, half were under contract in less than 15 days.  That’s about what we saw last month, but down 57% from October 2012.

MLS# Closed Date Address Bedrooms Bathrooms Bldg SQFt List Price
83122245 10/14/2013 814 A Olive 3 2 2400 $529,900
78973087 10/1/2013 3934 FEAGAN 4 3 2662 $510,000
85803894 10/25/2013 507 N WHITE 3 3 2350 $499,900
89909554 10/1/2013 1830 Dart 3 4 2907 $492,900
98508479 10/29/2013 326 PATTERSON 3 3 2070 $482,000
26715292 10/25/2013 5605 Maxie 3 3 2500 $464,900
64583254 10/11/2013 4127 Eigel 3 3 2805 $455,900
32442682 10/30/2013 5503 ROSE ST 3 3 2340 $454,000
27699438 10/1/2013 6312 SCHULER ST 2 2 1950 $439,000
90973594 10/31/2013 716 ASBURY ST 3 2 2267 $435,000
81579842 10/21/2013 906 PATTERSON 3 3 2412 $433,500
81579842 10/21/2013 906 PATTERSON 3 3 2412 $433,500
2090426 10/10/2013 710 ROY 3 2 2412 $425,000
56552743 10/16/2013 818 COHN 3 3 2422 $425,000
14262684 10/28/2013 2415 A LANGSTON 3 3 2586 $419,500
2638196 10/4/2013 1810 Dart 3 4 2340 $414,900
82288461 10/24/2013 631 Jackson Hi 3 3 2503 $399,999

Active Listings

There are currently 264 homes active on the market. That’s up 5 units from the previous month.  However, there were 295 homes available this time last year, which might have had an impact on the number of sales for this month.  With so few options on the market, Buyer’s may not be finding what they are looking for.Washington-Corridor-Ave-Graph-Oct-2013

Home Prices

For the 12 month period ending in October 2013, prices rose to $ 415,820 for Washington Corridor. That’s up 16% from the same period ending in October 2012, which was $357,920.BRC-blog

The Washington Corridor is the place to live and play in the city of Houston. Some of the trendiest bars, bistros, and gastro-pubs make the Washington Corridor and Rice Military area their home. The residents of this area love the close proximity to Memorial Park, Downtown, and the Galleria. This hip Houston neighborhood has seen a lot of residential and retail development over the past 10 years and this trend continues.

BEST REALTORS IN RICE MILITARY