Rice Military / Washington Corridor Market Update – April 2011
Below you will find the most recent data on home sales and prices for the neighborhoods near the Washington Corridor in Houston, Texas, including Rice Military, Sawyer Heights, Cottage Grove, and Hogan’s Landing. If you are interested in receiving monthly Houston and Washington Corridor news updates, then sign up for our RSS feed to receive instant updates. Or email us at info@norhillrealty.com.
Homes Sold
69 homes sold in the Washington Corridor in the month of April , 38 detached homes and 31 townhomes/condos. This is down from last April, which saw 83 total sales. 25 of the properties sold were new construction, down from April 2010, which saw 32 new construction sales.
Active Listings
There are 509 properties currently on the market, 292 detached homes and 217 townhomes/condos. In April, 117 of the 509 listings are new listings and 93 of the sellers have reduced their price.
Home Prices
Over the past 12 months, the median sales price for detached properties has fallen 3.9% to $296,000 from the same period last year. However, Townhouses/Condominiums median prices rose 2% to $275,000, and detached homes have actually risen 7.56% to $339,900.
The Washington Corridor is the new place to live and play in the city of Houston. Some of the trendiest bars, bistros, and gastro-pubs make the West End their home. The residents of this area love the close proximity to Memorial Park, Downtown, and the Galleria. This area has seen a lot of residential and retail development over the past 10 years and this trend continue.
Vincent Biondillo
Vincent is a third-generation Houstonian. Like his father and grandfather, Vincent was born at Saint Joseph’s Hospital in downtown Houston. He grew up on the north side in the neighborhoods of Inwood Forest and Champions. A love for the city and a passion for the world-renowned business school led him to receive a degree in marketing from the University of Houston. An opportunity to talk to newcomers, homebuyers, and home sellers about the city he has always called home is what drew Vincent to the Real Estate business in 2004. Talking with his clients about Houston’s rich history and its promising future is one of Vincent’s favorite parts of the business. For each and every client, Vincent is committed to delivering honest advice and providing exceptional service. Vincent is a licensed Realtor and Mortgage Broker. He is a Certified Negotiation Expert and is a member of the Petroleum Club of Houston and the Univeristy of Houston Bauer Alumni Association. Vincent enjoys spending time with his wife, Ronda, and his young son, David. You might also find him cheering on his beloved Houston Cougars at Robertson Stadium or Hofheinz Pavilion.
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