Missouri City and Sugar Land are ranked among the top 25 safest cities in the country according to City Crime Rankings 2008 - 2009. Sugar Land ranks No.17 among 385 U.S. cities with a population of 75,000 or more and Missouri City ranks No.22. Missouri City was also selected #56 on Money Magazines' 100 Best Places to Live in America.
Houston Property Sales Volume and Prices Decline in November Amid Growing National Economic Woes
NAR's chief economist still pegs Houston as one of the nation's top-performing real estate markets in 2009
HOUSTON — (Dec. 16, 2008) — The ailing U.S. economy sent ripples across the greater Houston area in November as fewer properties were bought and sold versus one year earlier. According to new monthly data compiled by the Houston Association of REALTORS® (HAR), overall property sales fell 33.7 percent last month when compared to November 2007, with sales of single-family homes down 31.7 percent. Rental properties remained in demand for the month, with leases of single-family homes up 16.0 percent and townhouses/condominiums up 2.8 percent on a year-over-year basis.
The average price of a single-family home dropped 7.0 percent last month to $187,766 from $201,862 in November 2007. At $137,500, the median price of a single-family home in November fell 7.7 percent year-over-year. The median price represents the figure at which half of the homes sold for more and half sold for less. However, on a year-to-date basis, home prices are 2.0 percent above 2007 levels, continuing to place Houston on more solid footing than markets throughout California, Florida and Nevada that have experienced double-digit home depreciation since the housing market downturn began more than a year ago.
Sales of all property types in Houston for November 2008 totaled 3,906, off 33.7 percent compared to November 2007. Total dollar volume for properties sold during the month was $719 million versus $1.1 billion one year earlier, a 37.4 percent decline.
"These are some of the toughest economic times our country has ever experienced, and Houston consumers are understandably cautious as they absorb news about layoffs, declining oil prices and other negative financial reports," said Michael Levitin, HAR chairman and principal of HTownRealty.com. "Many are opting to rent property for the time being."
During a late November stop in Houston, National Association of REALTORS® Chief Economist Lawrence Yun praised the stability of Houston home prices and predicted that Houston and Denver would be the nation's top performers in 2009. Yun forecast at least a five percent increase in Houston home pricing, also noting that local month's inventory has held around six months while the national rate has been approximately 10 months, another positive indicator. He stated that despite weakness in the oil patch, overall local job growth would help Houston maintain its healthier performance relative to the nation.
"We are encouraged by Dr. Yun's outlook for our market and hope that as Congress and the Obama administration iron out details of the federal financial bailout plan, local consumers realize that 2009 promises to be a sound time to buy or sell a home in Houston," added Levitin.
Source: HAR December 2008
Missouri City, Texas boast two of the Houston's newest Top Master Planned Communities that provide excellent environments for families to live, work, shop and play... Riverstone & Sienna Plantation! Let me show you what Missouri City, Texas has to offer your family today!
ZIP Codes: 77459, 77489 Location Characteristics: Missouri City and Sugar Land are ranked among the top 25 safest cities in the country according to City Crime Rankings 2008 - 2009. Sugar Land ranks No.17 among 385 U.S. cities with a population of 75,000 or more and Missouri City ranks No.22. Missouri City was also selected #56 on Money Magazines' 100 Best Places to Live in America.
About Brian M. Bartholomew, Certified Eco-Broker, ABR, CRS:
Today's real estate professional has to be more than just a realtor. The market and industry we live in is much different from just a few years ago, much different from even six months ago, such as training in energy and environmental issues that significantly affect your physical health and monthly household expenditures. There are tremendous green resources available in the market and as part of my service commitment to my clients, I can help identify and make sense of these invaluable green benefits resulting in guaranteed monthly savings, greater comfort and better overall health for you and your entire family.
It is increasingly more important to provide a service to clients that is more than average, or good service. Experience and education has allowed me to earn the trust, provide the knowledge and exceed the expectations of each client I serve.
As your Realtor with multiple certifications and designations you will quickly see the value that I bring to the closing table and beyond. Whether buying, selling or leasing a new or resale home, I can help you understand a complicated marketplace, marketing and selling a current home, contracts & paperwork, new home builders & communities, financing, negotiations and relieve all the stress by managing the entire real estate process from start to finish.
Oh... By the way, the finest complement I can earn is your business and referrals. Referrals are the lifeblood of my business. Click on my website link below now to search the MLS for FREE! Instantly find out what your home is worth for FREE! View school and community reports for FREE! Bookmark my website and visit my home page daily for the most current real estate news for FREE! Request my monthly e-newsletter and discover useful home tips and information to share with friends and family and more... all for FREE!
Discover the difference for yourself.
Brian M. Bartholomew, Certified Eco-Broker ABR, CRS
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
