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
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
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“Living the Dream”- Katy TX

Katy Texas Real Estate Expert