The Katy Texas Blog

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.

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