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.
