Houston Real Estate

HOUSTON REAL ESTATE UPDATE – MAY 2017

May reflects another HOT month for Houston Real Estate!  The Houston Association of Realtors (HAR) reports are in, and Houston real estate sales and rentals continue to outpace last year’s record performance.  The greatest sales gains took place among homes priced from $750,000 and above (categorized as the luxury market), followed by homes in the $150,000 to $249,900 range.

“No one sells more real estate than RE/MAX!”

HOUSTON REAL ESTATE HIGHLIGHTS FOR MAY

  • Single family home sales rose 11.5% year-over-year with 8,156 units sold;
  • Total property sales increased 12.3% with 9,744 units sold;
  • Total dollar volume jumped 17.4% to $2.8 billion;
  • The single family home average price climbed 4.3% to $302,362, which was the second highest level of all time (highest was $302,629 in June 2015);
  • The single family home median price rose 4.4% to a record high of $235,000;
  • Single family homes months of inventory grew to a 4.1 months supply, the highest level since November 2012;
  • Townhome/condo sales surged 16.5%, with the average price up 3.1% to $206,363 and the median price up 0.9% to $163,500;
  • Leases of single family homes soared 31.0% with average rent down 4.2% to $1,779;
  • Volume of townhome/condo leases rocketed 46.2% with average rent down 6.7% to $1,565.

With the Houston housing market showing another strong month for May, there is no doubt that the second half of 2016 and 2017 will reflect record numbers for Houston real estate!

If moving is in your near future, please contact us.  THE HOUSTON REAL ESTATE MARKET IT HOT!

#thevillarrealteam #remaxintegrity #houstonrealestate

The Villarreal Team
713-557-7095 direct
sold@rubenandnancy.com

 

HOUSTON REAL ESTATE UPDATE – JUNE 2016

HOUSTON’S MEDIAN HOME PRICE HITS A RECORD HIGH IN JUNE

Mid-range housing sees positive activity again while inventory gets another boost

HOUSTON (July 13, 2016) June provided a continued boost to the Houston Real Estate housing inventory as new listings entered the market. Home sales volume was unchanged year-over-year, but as the local real estate market has seen for the past several months, most of the homes consumers purchased were priced in the $150,000 to $500,000 range.

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), a total of 7,696 homes sold in June compared to 7,710 a year earlier— statistically unchanged. However, on a year-to-date basis, home sales rose 2.7 percent versus June of 2015. Inventory levels enjoyed another bump, rising from a 3.2-months supply to 3.7 months.

“We continued to see solid buying activity among middle-range housing in June,” said HAR Chairman Mario Arriaga with First Group. “Even though sales overall leveled off compared to last June, volume is up for the year, and we anticipate a sufficient supply of inventory and low interest rates to draw more home buyers into the market in the weeks ahead.”

The single-family housing median price—the figure at which half of the homes sold for more and half sold for less—rose 2.5 percent to a record high of $230,538 in June. The average price declined a fractional 0.8 percent in June to $300,178, the second highest level of all time (the highest was $302,599 in June 2015).

June sales of all property types in the Houston Real Estate Market totaled 9,139, down 0.9 percent from the same month last year. Total dollar volume for properties sold in June declined 1.7 percent to $2.6 billion.

June Monthly Real Estate Market Comparison

Houston’s monthly housing indicators were mixed in June compared to those from a year earlier, but nevertheless continue to reflect market sustainability. On a year-over-year basis, single-family homes sales were flat, the median price reached a record high while the average price hit the second highest level of all time, total dollar volume declined and inventory grew.

Month-end pending sales for single-family homes totaled 7,801, an increase of 8.6 percent compared to last year. Total active listings, or the total number of available properties, at the end of June climbed 13.8 percent from June 2015 to 35,857.

An increase in new listings in June elevated single-family homes inventory, with levels rising from a 3.2-months supply to 3.7 months. For perspective, housing inventory across the U.S. currently stands at a 4.7-months supply, according to the latest report from the National Association of Realtors (NAR).

CATEGORIES JUNE 2015 JUNE 2016 CHANGE
Total property sales 9,224 9,139 -0.9%
Total dollar volume $2,636,457,773 $2,591,071,978 -1.7%
Total active listings 31,509 35,857 13.8%
Single-family home sales 7,710 7,696 -0.2%
Single-family average sales price $302,599 $300,178 -0.8%
Single-family median sales price $225,000 $230,538 2.5%
Single-family months inventory* 3.2 3.7 17.2%
Single-family pending sales** 7,181 7,801 8.6%

* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.
** Effective May 2015, in an effort to be consistent with industry standards, the Houston MLS is now including all categories of pending sales in its reporting. Previously, the Houston MLS did not include “option pending” and “pending continue to show” listings in its reporting of pending sales. The new methodology is now all-inclusive for listings that went under contract during the month.

Single-Family Homes Update
Single Family

Single-family home sales totaled 7,696 in June, down a fractional 0.2 percent from June 2015.

The median price rose 2.5 percent to an all-time record high of $230,538. The average price declined 0 cytotec dosage.8 percent to $300,178, second only to last June’s record of $302,599. Days on Market (DOM), or the number of days it took the average home to sell, edged up to 51 days versus 45 last year.

Broken out by housing segment, June sales performed as follows:

  • $1 – $79,999: decreased 20.0 percent
  • $80,000 – $149,999: decreased 19.1 percent
  • $150,000 – $249,999: increased 3.5 percent
  • $250,000 – $499,999: increased 2.5 percent
  • $500,000 and above: decreased 8.7 percent
Single Family Average Home Price

HAR also breaks out the sales figures for existing single-family homes. Existing home sales totaled 6,669 in June, up 0.6 percent versus the same month last year. The average sales price edged up 0.5 percent year-over-year to $286,773 while the median sales price rose 4.6 percent to $218,750.

Townhouse/Condominium Update

Townhome and condominium sales fell 5.8 percent with 665 units selling in June versus 706 a year earlier. The average price declined 2.4 percent to $197,937 while the median price climbed 2.1 percent to $164,450. Inventory grew from a 2.7-months supply to 3.3 months.

Townhouse/Condominium Sales
Lease Property Update

Renters were once again out in force in June. Single-family home leases rose 4.8 percent, while townhome/condominium leases jumped 12.9 percent. The average rent for single-family homes ticked up to $1,883 and the average rent for townhomes/condominiums dropped 5.6 percent to $1,658.

Houston Real Estate Highlights in June
  • Single-family home sales were basically unchanged with a total of 7,696 units sold;
  • On a year-to-date basis, single-family home sales are up 2.7 percent;
  • Total property sales fell 0.9 percent to 9,139 units;
  • Total dollar volume declined 1.7 percent to $2.6 billion;
  • At $230,538, the single-family home median price rose 2.5 percent to a record high;
  • The single-family home average price declined 0.8 percent to the second highest level of all time, $300,178 (the highest was $302,599 in June 2015);
  • Single-family homes months of inventory climbed to a 3.7-months supply versus 3.2 months a year earlier;
  • Townhome/condominium sales fell 5.8 percent with the average price down 2.4 percent to $197,937 and the median price up 2.1 percent to $164,450;
  • Leases of single-family homes were up 4.8 percent with rents up slightly to $1,883;
  • Leases of townhomes/condominiums soared 12.9 percent with rents down 5.6 percent to $1,658.

The computerized Multiple Listing Service of the Houston Association of REALTORS® includes residential properties and new homes listed by 32,000 REALTORS® throughout Harris, Fort Bend and Montgomery counties, as well as parts of Brazoria, Galveston, Waller and Wharton counties. Residential home sales statistics as well as listing information for more than 50,000 properties may be found on the Internet at http://www.har.com.

The information published and disseminated to the HAR Multiple Listing Services is communicated verbatim, without change by Multiple Listing Services, as filed by MLS participants.

The MLS does not verify the information provided and disclaims any responsibility for its accuracy. All data is preliminary and subject to change. Monthly sales figures reported since November 1998 includes a statistical estimation to account for late entries. Twelve-month totals may vary from actual end-of-year figures. (Single-family detached homes were broken out separately in monthly figures beginning February 1988.)

Founded in 1918, the Houston Association of REALTORS® (HAR) is a 32,000-member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest individual dues-paying membership trade association in Houston as well as the second largest local association/board of REALTORS® in the United States.

3414 Pine Run, Spring, Texas 77388

One Story Beauty located in Louetta Lakes, Spring, Texas! You will fall in love the moment you walk in with the high ceilings, updated kitchen open to huge den that offers a wall of windows overlooking the spacious yard. The elegant formal dining makes entertaining a true delight. Terrific study.  Split floor plan offers private master suite with rich wood/laminate floors, double sinks and a separate tub and shower.  Large private backyard with patio.  A new home for sale and A definite MUST TO SEE!

Additional information:
Microwave – Yes
Dishwasher – Yes
Disposal – Yes
Fireplace – 1 w/gas connections
Utility Room in House
Ceiling Fans
Flooring includes carpet, tile, wood/laminate
Area Pool
Utility Dist – Yes
Gas Heat
No Known Defects
Maint. Fee: $488 annually
Taxes w/o Exemptions per yr:  $5,892/2015
Financing Avail: Cash, Conventional, FHA, VA
Klein ISD

Neighborhood Info:
Louetta Lakes is located in Spring, Texas, 77388.  The neighborhood has approximately 400 homes priced between $170,000 to $325,000.  Located just 3 miles from Interstate I-45 allows easy access to The Woodlands, Exxon Mobil, Greenspoint, as well as Downtown Houston look at here now.  One of the many highlights in Louetta Lakes is the beautiful lake and lighted fountain surrounded by lush landscaping.  Louetta Lakes is part of the Oaks of Devonshire HOA.

 

 

 

The Villarreal Team – “America’s Best Real Estate Agents..Top Teams in Texas”

Ruben & Nancy Villarreal Team: “America’s Best Real Estate Agents..Top Teams in Texas”

The Ruben & Nancy Villarreal Team of Spring, TX has been honored with a recognition by Realtrends.com in its selection of “America’s Best Real Estate Agents: Top Teams In Texas.”

Real Estate | Houston | RE/MAX | Homes for sale

Ruben & Nancy Villarreal, RE/MAX Integrity, sell real estate in North/Northwest Houston, Spring, The Woodlands, Tomball & Montgomery County.

Ruben Villarreal commented on the recognition: “This is quite an honor for me as well as our team.  The fact that Realtreands.com included us in its selection of “America’s Best Real Estate Agents: Top Teams in Texas,” signals that our constant effort to deliver excellent customer based service and hard work has paid off.  It is gratifying to be recognized in this way.”

Ruben & Nancy Villarreal and their team provide the ultimate in professional real estate services.  Ruben Villarreal is a real estate veteran of more than 25 years and is recognized as one of the top producing RE/MAX agents in Houston.  Teaming up with his wife, Nancy, in 1993, they have continued to climb the ladder of success.  Not only have Ruben & Nancy structured one of Houston’s #1 award winning RE/MAX teams, but they also own one of Northwest Houston’s premier real estate offices, RE/MAX Integrity.

As a team they have surpassed a level of achievement other Realtors only dream of.  The team consists of both Ruben & Nancy Villarreal, Ray Humphrey, Dawnya Simmons, Beth Perque, Andree Perque-Ward, Blanca Maeso, Robin Webster, as well as a licensed assistant, Ashley Silvey.  This dedicated team works with precision to maintain the professional level of service the feel each of their clients deserve.

In summation, The Ruben & Nancy Villarreal Team’s success has been found by risk taking and goal setting, combined with customer service, market knowledge, innovative marketing, constant attention to details, and their genuine care for the clients!  Specializing in North/Northwest Houston, The Woodlands, Spring, Klein as well as Montgomery County.

For more information about The Ruben & Nancy Villarreal Team visit us at www.rubenandnancy.com, or call us directly at 713-557-7095 or at RE/MAX Integrity, 281-370-5100. #realtrends #rubenandnancy #thevillarrealteam #topteamsintexas

HOUSTON REAL ESTATE POWER TEAMS 2016 – RUBEN & NANCY VILLARREAL

HOUSTON REAL ESTATE POWER TEAMS

Notifications When Moving Checklist

Great “Go-To Checklist” to mark off all the things that you need to transfer when you move!

Notifications When Moving Checlist 2

Mover’s Checklist

Check out this awesome Mover’s Checklist, given to us by Capital Title of Texas! Great tips for anyone who is moving, whether it be purchasing or leasing!

Moving Checklist

Houston Housing Market Update

 

Houston Housing Market Update

Houston Housing

March Houston Housing Market Update:
Houston’s Housing Market Show Stability Despite Ongoing Energy Jitters

Greater Houston Housing Market Update – Despite continued strains in the oil patch, the Houston Housing market demonstrated more sustainable conditions in March, with positive sales among mid-range homes and a growing supply of homes from which buyers can choose. According to the latest monthly report prepared by the Houston Association of Realtors (HAR), March single-family home sales declined 2.2 percent versus March 2015, with a total of 6,001 sales compared to 6,137 a year earlier. On a year-to-date basis, however, home sales are 1.0 percent ahead of last year’s pace. New listings helped boost inventory from a 2.8-months supply to 3.6 months.Sales of townhouses and condominiums rose 1.9 percent in March coming off of last month’s year-over-year decline of 10.5 percent. A total of 589 units sold compared to 578 properties in March 2015. The average price declined 2.0 percent to $193,483 while the median price rose 4.9 percent to $150,000. Inventory grew from a 2.6-months supply to 3.5 months.Overall the Houston Housing Market Update shows home sales held steady throughout March, and much of that may be due to an influx of new residents throughout the Houston area even as the energy industry suffered more layoffs. In its April 2016 report on the Houston economy, the Greater Houston Partnership (GHP) cited U.S. Census Bureau data showing the Houston metropolitan area leading the nation in population growth in 2015, with the addition of over 159,000 new residents. GHP stated that since April 2010, Houston has added over 736,000 residents and that energy industry layoffs have been offset by job creation in other sectors.   See HAR Press Release for more information, graphs and charts  https://www.har.com/content/mls/      #houstonmarketupdate #houstonhomesforsale #springhomesforsale #woodlandshomesforsale

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Ruben & Nancy

The Villarreal Team

The Villarreal Team is one of the most successful and dynamic teams in the real estate industry today.  As owners of RE/MAX Integrity, Ruben & Nancy along with The Villarreal Team are consistently top producers at RE/MAX.  They have achieved great heights and many accolades as impressive as Who’s Who in Real Estate, recognized by The Houston Business Journal as one of the Top 5 Teams in Houston, and most recently honored with the RE/MAX Lifetime Achievement Award and Diamond Membership.  Ruben & Nancy have surpassed a level of achievement other Realtors only dream of.  Assisting them on their team includes Ray Humphrey, Dawnya Simmons, Beth Perque, Andree Ward, Blanca Maeso, and Ashley Silvey, as well as two personal assistants.  This dedicated team works with precision to maintain the professional level of service Ruben & Nancy feel each of their clients deserve.  Please continue to follow us for Houston Housing Market Updates. #rubenandnancy #thevillarrealteam #remaxintegrity #remax