The Woodlands Now

Real Estate Market Update

Janet Acosta — Fri, 22 Feb 2008 18:22:00 GMT

The year 2007 shaped up to be one of the best on record for property sales in Houston, second only to 2006, according to statistics release by the Houston Association of of Realtors. That was acheived despite the real estate slowdown on markets outside Texas. Total property sales for December totaled 5,957, representing a 23.5 compared to December 2006. However, total dollar volume for $2007 reached its highest level ever with year-end sales of 83,432 properties totaling $16.6 billion. The average single family home price for a single-family home increased 2.4 percent to $153,630. The overall median price of single-family homes in December was $153630, an increase of 2.4 percent compared to December 2006.

What is really going on in the houston real estate market?

Janet Acosta — Wed, 30 Jan 2008 03:12:00 GMT

The Wall Street Journal, in an article dated January 24th issued this warning, "Housing Slump Starts to Hit Stronger Cities". Houston was a city expressed in the article as strong in real estate and strong in employment outlook.! The article focused on the fact that there were a few exceptional cities to the real estate slump where up until now had not been effected by the real estate slump, but areas like the Northwest, North Carolina and now, even Manhattan are feeling the effects.

The entire article can be viewed online at:

http://online.wsj.com/article/SB120111917285710781.html?mod=home_personal_journal_left

It is so refreshing to read articles that help distinguish the Houston Real Estate Market from so many other markets that are depreciating and/or slowing down.

There is no question that Houston is in a short-term period where home prices most likely will not appreciate. However, the huge expansion of the Texas Medical Center is expected to bring international knowledge workers to town. In addition, Houston is an Energy Epicenter that is expanding and auxiliary businesses will also emerge to support these industries. The Houston job market will get even stronger in the future. Whenever the job market is strong, so is the housing market.

We, at Prudential Gary Greene, Realtors believe that those that purchase homes this year will be in a position to capitalize on future appreciation in home values that will be brought on by more jobs being created in the aforementioned industries, not to mention the Port of Houston. In the Wall Street Journal, a chart displays 28 cities and Houston is ranked as one of the strongest of the 28 cities.

Open House in Village of Alden Bridge on Sunday

Janet Acosta — Wed, 30 Jan 2008 02:33:00 GMT

Village of Alden Bridge, The Woodlands - We invite everyone to visit our open house at 33 Lightwood Trace on February 3 from 2:00 AM to 4:00 AM.

Property information

The Woodlands High one of Best Public Schools in Texas

Janet Acosta — Tue, 04 Dec 2007 18:56:00 GMT

– The Woodlands High School has been recognized by
Texas Monthly magazine as one of the “Best Public Schools” in Texas. Texas
Monthly partnered with the National Center for Educational Accountability to
analyze student test results for the past three years. We made the list
because our students’ improvement on the TAKS test was higher than predicted by
their previous test scores. This list of schools is a more select group than
schools that qualified as Exemplary or Recognized in the State Accountability
system. Only 8% of all the public high schools in Texas were included in the
list. TWHS was one of 17 high schools that was recognized as consistently
higher performing in all four core subjects for the past three years.