Lazybrook Market Report – December

Wow… It is 2010! Didnt think this new decade would come so fast! I still remember back 10 years ago, like it was yesterday, when everyone was “preparing” for Y2K and all the “problems” that were going to occur. Well… Here we are… Happy New Year!!

It is time for another market report here in Lazybrook… There is a ton of activity in this neighborhood, so here it goes…

ACTIVE LISTINGS

Currently we have 9 active listings… Quite a few I’d say… At this time, as usual, the average Lazybrook home is unchanged. We typically have 3 bedroom, 2 bath homes and on average, that has not changed nor has the 2 car garages. We do have a couple thrown in the mix that buck the system. There is one 4 bedroom and 3 and a half bath home (which happens to be my Brooktree Drive listing) along with a 5 bedroom and 4 and a half bath home. Naturally, this is going to raise the average asking price in the neighborhood. Here are the current numbers… Average lot size stands at 9,889 square feet with the homes sitting on them averaging 2,420 square feet. The average list price stands at $375,000 ($155.00 sft) and they have stood on market an average of 101 days.

PENDED LISTINGS

We have one home in contract at this time. As you might guess, it is a 3 bedroom and 2 bath home with only a 1 car garage. It sits on a 7,150 square foot lot and has 2,004 square feet of living space. It was listed on the market for $330,000 which is $164.67 per square foot and was on the market for 80 days.

SOLD LISTINGS

The month of December had 3 homes closed on in theusually  dreadful month for real estate. Not bad at all to be honest. Again, do I have to say, they were 3 bedroom homes with 2 baths and 2 car garages. They again sat on large lots, which we love in Lazybrook. They are 8,957 square feet and the homes that sit on them average only 1,809 square feet. They were listed for $291,766 and sold for an average of $274,300 which is $151.63 per square foot. Not bad as this means the homes brought in 94% of what were asked for them. The average days on market was 127 days.

CONCLUSION

Lazybrook continues to be a hot neighborhood. People looking to get into the city, inside the 610 loop, love Lazybrook for it’s convenience and All-American neighborhood feel. Our homes offer large lots and great square footage at great prices as compared to what you get over in the nearby Houston Heights. Before you all know it we will be in Spring and I look for things to only get better. Especially with the home buyers tax credit being extended into April. With the way things are going, I wouldnt doubt if they extended that deadline again… That is simply my speculation, I have no idea.

Have a blessed and prosperous 2010!

Tagged as: 610, Daugherty, Estate, For, Hall, Heights, Houston, Inner, Jaron, John, Lazybrook, Listed, Loop, Market, Pending, Real, Realtors, Report, Sale, Sold