Welcome to The Katy Texas Blog Sign in | Help

The Katy Texas Blog

All the news that is fit to read...about Katy Texas and Its Subdivisions!

Syndication

Tags

News

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!
Grand Lakes Katy TX | Current Market Conditions | 77494 | May 2015

Grand Lakes Katy TX | Current Market Conditions | 77494 | May 2015

 

I wrote and published a Market report for Grand Lakes Katy TX 77494 where I compared year 2014 to year 2013. This comparison showed a large increase in prices for the Katy market. Katy has seen a low but steady rise in prices for the last 8 or more years. This market report can be found here.

 

Homes in Grand Lakes Katy TX.jpg

 

Current Market Conditions are:

 

Four months 2015 VS Four Months 2014 Grand Lakes Katy TX 77494 Homes Sold Information (2014 is second statistic unless noted otherwise)

 

 Total Home Sales -  23 vs 45  : Decrease of 22 which is a Huge drop!

 

Median Days on Market - 21 days vs 6 days

 

Median price  Price -$317,000 VS $309, 250 increase of $ 7,750 or 2.5 %. Prices still increasing but maybe not for long.

 

 Highest priced home sold for $675,000 in 2015 and $746,500 in 2014,

Lowest priced home was $193,900 2015 while 2014 was $232,000

 

Median Days on the market 21 Days vs 6 days.

 

 

 

Current Available Homes in Grand Lakes:

 

38 Active Listing - ranging from $277,000 to $720,000. During 2014 and 2013 the available homes ranged to be  18-23 homes every month all year long.

 

Median Days on Market - 75 days up a large number of days.  

 

Homes under Contract  22- ranging from $271,000 to $669,950

 

Median Days on Market - 17 days

 

Pending sales is the good news right now with total sales down and current available homes having a  75 median days on the market.

 

Grand Lakes is still in a Sellers market condition. There are no new built homes as the neighborhood was completed back in 2006- 2007. Some homes are sold very quickly and others are now staying on the market for a longer period of time than in recent prior years. If a home is priced properly considering its condition, size, location etc.  it will sell fairly quickly.

 

Grand Lakes Katy TX | Current Market Conditions | 77494

 

POSTED BY

Note: Katy TX is about 25 -30 miles due West of downtown Houston TX.

 

If you have any questions about Katy Homes for Sale or Katy Homes for Rent in the Katy Texas and/or Sugar Land TX, and/or Cypress TX and/or other surrounding areas, contact me via my cell: 281-904-6772 or via Email:

 

 

 bobgilbert2003@msn.com or bob@bobgilbert.com

or visit me on my web site at

http://www.katyhomeshere.com

http://www.katyhomefinder.com

or visit me on Google plus

and FaceBook at https://www.facebook.com/bobgilberttx

 

 

 

“Living the Dream”- Katy TX

 

 

 

 

 

 

 

Katy Texas Real Estate Expert

 

Published Monday, May 11, 2015 2:56 PM by Bob GILBERT

Comment Notification

Subscribe to this post's comments using RSS

Comments

No Comments

Leave a Comment

(required)
required
(required)