Saturday, May 16, 2015

The Lakes of South Shore Harbour Market Report for April 2015

If you’ve seen your tax appraisal go up recently (and who hasn’t) and you live in the Lakes of South Shore Harbour, there is good reason.  The market values in our neighborhood are continuing to climb.  While the jump isn’t as steep as last year’s increase, the values are rising nonetheless.

Sales information as reported by the Houston Association of Realtors:
According to the data posted in HAR, The Lakes of South Shore Harbour saw 6 houses closed in April 2015, ranging from $194,240 – $374,250 adjusted sales price.  This came out to an average adjusted sales price of $95.16 per sq. ft.  Please note, this does not include the auction sale of a foreclosure home during this month.  Year to date (ending in April), there were 20 homes that sold at an average adjusted sales price of $93.89 per sq. ft.

Compare to the same time period last year and you will see the steady climb.  Last year’s figures showed 9 houses sold in April 2014 at $94.62 per sq. ft.  And the same 2014 year to date time frame had 32 sales at $90.46 per sq. ft.

Sales remain brisk with average days on the market coming in at 47.  And while that seems quick, if you exclude the one property that took over 200 days to go under contract, the days on the market shrinks to a mere 17 days.

At this time, there are currently 7 active listings for sale in the Lakes of South Shore Harbour and 14 under contract.

And yes, with a continuing rise in sales prices, low days on the market, and low inventory, our neighborhood is still showing signs of a strong Seller’s Market.

Please note that these figures are based on information as supplied by HAR and do not include homes that may have been offered For Sale by Owner.

Neighborhood News:
The city of League City has agreed to help with the cost of installing sidewalks along the east side of South Shore Blvd in the neighborhood.  This is welcome news for the homeowners who live in those sections of the Lakes of South Shore that have to cross South Shore Blvd to access the pool, walking trails or walk to the local shopping and restaurants.  For more information, check out the Lakes of South Shore Harbour’s Facebook page.

Cindy Dudley is a licensed agent with Brockway Realty, LLC, a residential brokerage operating in the League City, Friendswood and Houston areas with 15 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