Monday, April 20, 2015

The Lakes of South Shore Harbour Market Report for March 2015

Home prices in the Lakes of South Shore for March 2015 remain strong.

Sales information as reported by the Houston Association of Realtors:
There were 8 closed sales for the month of March, ranging in adjusted sales price from $193,000 to $395,000 with an average of $284,375 ($90.97/sq. ft).

For this same month last year, there were 11 closed sales, ranging in adjusted sales price of $190,000 to $329,000 with an average of $253,852 ($90.05/sq. ft). While the sales prices went up on average a little over $30,000 (12%) from last year, the average days on the market also went up from 26 days last March to 55 days this March.   The increased days on the market could be indicative of a cooling off of a 2 year red hot market that we have experienced in the area.  However, don’t discount the cold and rainy spring we have seen this year in keeping some buyers less than motivated.  Plus, with inventory still low, potential sellers may be waiting to see more homes become available before they take the leap and go to market with their own homes.  Nevertheless, with prices climbing steadily and sales prices coming in at 98% of the list price, The Lakes of South Shore is maintaining its Seller’s Market status.

Currently, there are 10 active listings in the neighborhood and 12 listings under a pending sales contract.

Cindy Dudley is a licensed agent with Brockway Realty, LLC, a residential brokerage operating in the League City, Friendswood and Houston areas with 14 agents.  Cindy lives in the Lakes of South Shore Harbour along with her husband Chris and their two children.  Contact Cindy by text or phone at 281-900-1189 or email at cdudley@brockwayrealty.com

Originally Posted on Brockway Realty LLC's Official Blog