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Bob is always looking for news about Katy Texas and the surrounding areas. Please e-mail me at bobgilbert2003@msn.com with any news you may feel needs a forum!
Local Real Estate Market Report for Grand Lakes in Katy Texas

Local Real Estate Market Report for  Grand Lakes in Katy Texas

The pictures below were taken in the Grand Lakes neighborhood as part of Katy Texas or MLS area 36. Grand Lakes is a Master Planned Community located off of the Grand Parkway or 99 at the Fry Road exit. If you and your family turn left and go under the freeway and Grand Lakes is on both sides. If you turn right heading west then Grand Lakes is in the right after all the shopping.

Grand Lakes is 1,250 acres with numerous cul-de-sac with 20 % of the land dedicated to parks, hike/bike trails, lakes and recreational facilities. There are also 100 acres of stocked Lakes.

There current are 54 homes available for sale in Grand Lakes ranging from $162,500 to $658,900. The median price is $306,450 or $99.18/ sq. ft. with 75 days on the market while the average price is $336,779 or $102.99 /sq. ft. and average days on the market is 106. There is a good supply of reasonably priced homes now available in Grand Lakes.

During the first 8 months of 2011, there were 140 homes sold in Grand Lakes with low being $159,900 and the high being $719,000. The median price of homes sold so far this year is $319,250 or $99.70/ sq. ft. and the average price is $ 329,685 or $99.60 sq. ft.

The good news is that units sold so far are up by 29 homes versus 8 months of 2010 or 26 % increase. The median price of homes sold has increased by $11,250 or 3.7 %. The discount from list price has remained about 2% for both years and for both average and median prices. However, the median number of days on the market has increased from 34 last year to 50 days for 2011. This statistic tracks about the same as all of MLS area 36.

It is still excellent time to look and buy a home in Grand Lakes. If you and your family are interested in this neighborhood or any other neighborhood in Katy contact me and I will arrange to take you on a tour of the whole area.

Grand Lakes, Katy Texas

Grand Lakes, Katy Texas

If you have any questions about homes for sale or homes for rent

in the Katy, Sugar Land or surrounding areas or other questions

contact me at bobgilbert2003@msn.com or at bob@bobgilbert.com or visit us on the web at

http://www.katyhomefinder.com Katy TX Real Estate Expert

Read my blog at http://bobgilbertblog.com


Bob, Realtor, CPA AND MBA

Bob Gilbert

Published Monday, September 12, 2011 4:05 PM by Bob Gilbert

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