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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!
Market Trends 2012 Update for Current Homes Available in Firethorne Katy Texas

Market Trends 2012 Update for Current Homes Available in Firethorne Katy Texas

What is happening in the Firethorne Real Estate Market?

The Real Estate market in South Katy Texas (MLS area 36) is basically defined by what occurs in the numerous Master Planned Communities which are scattered across the whole area. I have written several detail market reports about Firethorne in the past with the last on being a December 2011 Year to Date report which you can see right here. 

 

The Chart is showing current listings of homes for sale in Firethorne in Katy Texas by price point ranges during March, 2012.             

HOMES AVAILABLE IN FIRETHORNE

March 2012

               

DOLLAR

 

NUMBER

DISTRESSED

NUMBER

% OF

 

CHANGE

PRICE POINTS

 

OF HOMES

PROPERTY

< 300,000

Total

 

FROM JAN.

               

<100,000

 

0

       

0

100,000-150,000

 

0

       

0

150,000 - 200,000

 

7

       

0

200,000 - 250,000

 

12

       

(1)

250,000 - 300,000

 

18

 

37

55.2%

 

8

300,000 - 350,000

 

8

1

 

11.9%

 

3

350,000 - 400,000

 

5

   

7.5%

 

(3)

> 400,000

 

16

   

23.9%

 

9

FORECLOSURE

 

0

       

0

SHORT SALE

 

1

   

1.5%

 

1

               

TOTAL

 

67

   

100.00%

 

17

               

 

As shown above there are 67 homes currently available in Firethorne with only 1 home or 1.5 % of the total being classified as Distressed (Foreclosure or Short Sale). The Distressed Homes are not having any significant impact on the market in Firethorne or for that matter a vast majority of the submarkets in Katy Texas. My report for Grand Lakes had the same observation. Since January 2012, there has been a increase in available homes by 17 homes or 34 %. The new home builders recently opened a section east of highway 1463 and the increase mainly reflects the builders putting several new spec homes on the market during early 2012 in advance of spring. At the same time there has been a decrease of 7 homes priced at less than $300 K as the inventory of reasonably priced homes in Firethorne has increased. Right now only 55.2 % of the available homes are priced at less than $300 K while during January that statistic was 60.0 %. The new homes added to the inventory in the higher priced homes amounted to 10 homes while at the lower less than $300 K price point only 7 homes were added.  

Firethorne similar to Grand Lakes is a great place to live with many amenities and conveniences close at hand. If you or your family would like to learn more about this wonderful family neighborhood contact me. Time to take action is right now as interest rates continue to hover around historical lows and builders in Firethorne have added to their spec inventories. I expect Firethorne to have a big selling season during the remainder of 2012.  

 

Please see Active Rain’s article on Real Estate Recovery or Not?

 

If you would like to search for homes in Firethorne or any other community in the Katy or surrounding areas go to my web site and construct a search.

Real Estate Recovery

If you have any questions about homes for sale or homes for rent in the Katy or Sugarland, Cypress or surrounding areas, contact me at:

bobgilbert2003@msn.com or bob@bobgilbert.com

or visit me on my web site at http://www.katyhomefinder.com


Katy Texas Real Estate Expert

 

Read my blog at http://bobgilbertblog.com

Bob Gilbert

                          

St Patrick's day image

 

Published Friday, March 16, 2012 4:12 PM by Bob Gilbert

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