Woodlands Real Estate Market

The Woodlands Texas Real Estate Market News and Most Accurate On-Line Home Valuations for Residents presented by Home Star Realty Advisors, LLC.

The Woodlands Texas Real Estate Market News and Most Accurate On-Line Home Valuations for Residents presented by The Avalon Home Selling Team, LLC.

Operating as usual

Timeline photos 12/01/2022

I do not see a trend going forward any differently!

Now is the time to buy for sure. If you are thinking of selling and waiting for prices to keep going up they will, BUT so will your buy-side reconciling your gains from your sale. If you do not have to sell then don't and hold.

But if you are thinking of a move or a life change in the next year then I would suggest making it happen this year sooner rather than later if you are staying in the area.

If you have any questions about your situation please feel to message me. Chris

Houston Real Estate #10YearChallenge. It’s safe to say that things have changed since 2011!

Article - Real Estate Center 07/01/2022

Article - Real Estate Center

Texas Housing Insights just released. A quick executive summary.

1. We are still facing continued supply constraints and inventory available for sale remains a challenge for home buyers.

2. Double-digit home price appreciation is impacting our home affordability index.

3. The Texas median home price rose for the tenth consecutive month, appreciating 1.4 percent on a monthly basis and 15.5 percent YOY to a record-breaking $312,700 in October.

4. Higher mortgage interest rates are also affecting the affordability index.

5. Strong economic factors are reinforcing strong price appreciation continuation through 2022.

Our personal insights from the street:

The majority of our clients who would like to sell and have not are concerned with availability on the buy-side (available inventory) for their desired next move and the price they will have to pay. (affordability index) Many have also expressed an interest in buying more land with/for a home and land prices have increased significantly as well with prices between $60,000 and $80,000 or more per acre in the greater Montgomery Count TX area.

Our buy-side clients have been most concerned with the mortgage interest increase index with those most impacted being our first-time and move-up home buyer clients. But they also are realizing prices and mortgage rates are not expected to go down so will be in the market as soon as they can and working with us on joint purchase opportunities with friends, family, and partners. Our relocation buyers with financing are less concerned with mortgage interest rates but have expressed concern with finding the home they want and getting it under contract as we are still in multiple offer scenarios on most properties with many cash buyers. This concern is greatly reduced when explaining how to prepare a strong offer with financing in this current market. Our cash buyers are only really challenged with the home availability factor.

Buyers need to have a properly prepared and presented contract on all property offers or they will get frustrated quickly. We have seen many "old market" style offers that made it hard for them to compete in our current selling environment.

Sellers need to be more strategic in their listing approach and prepared for a quick sale and closing period with all purchase offers being closely scrutinized, qualified, and confirmed for "close ability" to maximize the sale and closing price.

You can read the full report below on the right side of the page, Housing Insights. Hopes this gives you some insights!

Have a great weekend!

#realestate #homebuyers #interestrates #homesellers #texasrealestate #texashomes

Article - Real Estate Center Real Estate Center at Texas A&M University, helping Texans make better real estate decisions.

New Texas REALTORS® Form: Addendum Regarding Rental Flood Disclosure 05/01/2022

New Texas REALTORS® Form: Addendum Regarding Rental Flood Disclosure

New Texas REALTORS® Form: Addendum Regarding Rental Flood Disclosure During the 87th Texas Legislature, a change in law passed that requires landlords to give notice ...

New Texas REALTORS® Form: Addendum Regarding Rental Flood Disclosure 30/12/2021

New Texas REALTORS® Form: Addendum Regarding Rental Flood Disclosure

ATTENTION INVESTORS! Be sure to include this starting in January 2021. All of our new renters will need this but I suggest providing it to ALL tenants (although not required) in your properties.

https://www.texasrealestate.com/members/posts/new-texas-realtors-form-addendum-regarding-rental-flood-disclosure/?utm_campaign=SM%20-%20Legal&utm_content=190387255&utm_medium=social&utm_source=facebook&hss_channel=fbp-89617004297&fbclid=IwAR0opPrerSI_mCdmwMAw3W-1tcJxNcTxhXIkw7fJKeRUsPurtXVkQjAbZFU

New Texas REALTORS® Form: Addendum Regarding Rental Flood Disclosure During the 87th Texas Legislature, a change in law passed that requires landlords to give notice ...

Timeline photos 23/09/2021

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2 E Indian Sage Circle, The Woodlands, TX 77381 - HAR.com 15/09/2021

2 E Indian Sage Circle, The Woodlands, TX 77381 - HAR.com

NEW LISTING! Great price so you have the opportunity to upgrade to your personal design upgrades, paint, and flooring!

Newer mechanicals, a large corner lot, and across from the park with a lake.

2 E Indian Sage Circle, The Woodlands, TX 77381 - HAR.com 2 E Indian Sage Circle The Woodlands TX 77381 is listed for sale for $300,000. It is a 0.29 Acre(s) Lot, 2,035 SQFT, 4 Beds, 2 Full Bath(s) & 1 Half Bath(s) in Wdlnds Village Cochrans Cr 12.

Timeline photos 08/09/2021

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New HOA Laws Go Into Effect Today 01/09/2021

New HOA Laws Go Into Effect Today

Good news for Homeowners! Glad to see this has been addressed by TREC & TAR!

New HOA Laws Go Into Effect Today Several pieces of the REALTOR®-supported homeowners association reform laws passed by the Texas ...

Timeline photos 31/08/2021

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Ranked: The Fastest Growing Cities in the U.S. (2020-2025p) 24/08/2021

Ranked: The Fastest Growing Cities in the U.S. (2020-2025p)

The Woodlands area continues to top the country in growth. This will continue to support sound real estate value appreciation. Unfortunately, this will also continue to drive prices up resulting in a decrease in housing affordability. It has also resulted in more competition and frustration for buyers in getting the home they want and sellers getting a price that their home is really worth in this market...and closed. (The appraisal equation)

Now more than ever it is IMPORTANT to work with a professional real estate consultant who knows the local market, appraisal returns, pricing trends, and structuring contracts in the strongest possible way when selling or buying.

I am happy to answer any questions you may have. Just message me here. I am happy to represent you if you choose to do so in your transaction as well. Whether you choose us or not, please choose your representation carefully! I am seeing some offers come in on our listings that never really had a chance in this market and it breaks my heart. :)

Cheers,
Chris
Broker
Home Star Realty Advisors

Ranked: The Fastest Growing Cities in the U.S. (2020-2025p) Which U.S. cities are growing the fastest? Here are the 20 fastest growing cities in the U.S., based on projected population growth to 2025.

Timeline photos 24/08/2021

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32303 Tamina Rd, Magnolia, TX 77354 - Office for Sale | LoopNet.com 27/04/2021

32303 Tamina Rd, Magnolia, TX 77354 - Office for Sale | LoopNet.com

New listing perfect for an owner/operator or investment strategically located in a growing area near The Woodlands, TX, and I-45. Luxury apartment in the back with a 1st-floor entertainment area, 2 car garage, and flex office/studio/condition warehouse in the front.

https://www.loopnet.com/Listing/32303-Tamina-Rd-Magnolia-TX/22840282/

32303 Tamina Rd, Magnolia, TX 77354 - Office for Sale | LoopNet.com 32303 Tamina Rd, Magnolia, TX 77354. This Office property is available for sale . Great investment or owner/user opportunity with flexible off

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Market Area Videos - HAR.com 15/04/2021

Market Area Videos - HAR.com

Market Area Videos - HAR.com View a list of market area videos.

979 Doire Drive, Conroe, TX 77301 - HAR.com 14/04/2021

979 Doire Drive, Conroe, TX 77301 - HAR.com

COME NORTH FOR A GREAT DEAL! OPEN ON SATURDAY! 💥😍

979 Doire Drive, Conroe, TX 77301 - HAR.com 979 Doire Drive Conroe TX 77301 is listed for sale for $223,000. It is a 0.14 Acre(s) Lot, 2,012 SQFT, 4 Beds, 2 Full Bath(s) in Stewarts Forest.

Newsroom - HAR.com 14/04/2021

Newsroom - HAR.com

We are in a very strong Seller's market right now.

If you are looking to buy a home there are several things you need to do to prepare before submitting an offer.

There are also several elements in the offer that can put your offer above the others in a multiple offer situation which is very common in this market.

The same goes for if you are selling. There are several things you need to prepare for and manage during the listing and selling process to ensure you get the highest price and successful closing.

There is nothing more frustrating than having your home under contract for several weeks and then have the deal blow up and starting over!

If you would like to know more message me and I would be happy to share these insights.

Newsroom - HAR.com The HAR Newsroom is designed for members of the media seeking real estate market updates for the greater Houston area, including home sales statistics, as well as general news from HAR and information about the Houston Association of REALTORS®

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2002 Timberloch Place, Suite 200
The Woodlands, TX
77380