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Timbergrove / Lazybrook Market Update – March 2012
Below you will find the most recent data on home sales and prices for the Timbergrove and Lazybrook neighborhoods in Houston, Texas. If you are interested in receiving monthly Houston and Timbergrove/Lazybrook real estate news updates, then sign up for our RSS feed to receive instant updates. For more information about Timbergrove/Lazybrook and to view past market updates, check out our Timbergrove/Lazybrook neighborhood information page. Or email us at vincent@norhillrealty.com.
Sales Activity
Based on the number of homes sold and the number of homes to go pending, March was a very promising month. 17 homes closed sale in the month of March and there were 15 homes that went Option Pending (see our Home-buyers guide for information regarding of the real estate transaction). The average days on market for homes sold in March was 71 days.
Active Listings
Inventory remains low in Timbergrove/Lazybrook, which is great news for potential home sellers. When inventory is low (i.e. supply), and demand is elevated, home sellers usually see higher sales prices (i.e. a seller’s market). At the close of the month, there were 39 total listings on the market and 25 new listings came active on the market in the month of March.
Home Prices
The average price for properties sold over the past 12 months (ending in March 2012) was $296,902. That’s up 2% from the previous 12 month period (ending March 2011). Timbergrove/Lazybrook, like most other inner loop area neighborhoods, has been increasing at a moderate pace since 2008.
Located just west of Houston Heights, Timbergrove and Lazybrook are two of the hottest neighborhoods for young families in Houston’s Inner Loop. Downtown Houston and the Uptown/Galleria area are a short drive away. Furthermore, Timbergrove and Lazybrook are conveniently located close to restaurants and bars in Houston Heights, the Uptown/Galleria area, and the Washington/Rice Military Corridor. For prospective buyers that are seeking close proximity to Houston’s great parks, Timbergrove and Lazybrook is home to 11th street Park, Jaycee Park, and the White Oak bayou bike trail. Memorial Park and its great jogging trail is also nearby. Timbergrove and Lazybrook is also home to a couple of our agents.
Vincent Biondillo
Vincent is a Realtor serving Houston's "inner loop" with phenomenal home buying and home marketing services. Read what Vincent's clients have to say about his service at HAR.com. Connect with Vincent on Google+ or contact him at vincent@norhillrealty.com or on his mobile at 713-449-2416.
How a Recent Home Sale Helped Us Develop Our Turnkey Listing Package
Ms. Smith had lived on Tannehill Dr in Timbergrove Manor since the home was built in 1964. Like many of the original home owners in the neighborhood, her home needed a little more maintenance than she was able to complete. She finally decided that it was time to sell her home and move closer to her family, but she didn’t know where to start. After 48 years in her home, she had accumulated a lot of stuff and her home needed a lot of TLC. The thought of selling her home and moving out was a little overwhelming. That’s when she decided that she needed some help. She called the Norhill Realty team and we developed and implemented a plan that helped her transition to her new home using the following simple steps. The steps don’t necessarily need to follow this order and can be tailored to fit your specific needs.
Step 1: Determine the Value of Your Home
Knowing what the value of your home is integral in the decision process of selling your home. You aren’t going to sell something unless you know how much it is worth and this is paramount with what is often your largest asset. Your Norhill Realty Agent will access the latest market data for your neighborhood to develop a Comparative Market Analysis and we will give you a professional opinion supported by facts.
Step 2: Hire a Junk Removal Contractor
Now that you know how much your home is worth and you have made the decision to keep going, getting rid of some of the clutter is the next step. A good rule of thumb when it comes to moving and packing is if you haven’t used a possession in the past year then it doesn’t have any value (sentimental or otherwise), it’s probably time to get rid of it. Your Norhill Realty agent can assist in locating the appropriate charity or junk removal contractor to help you get rid of your unneeded possessions.
Step 3: Hire a Moving Company
Once you have removed the junk, what’s left will need to be packed up and moved to your new home. There are a lot of moving companies in Houston, but you want to make sure that you hire one that you can trust to do a professional job. Norhill Realty has experience with several moving vendors and we can assist you in obtaining quotes and help coordinate the actual packing and moving.
Step 4: Professional Cleaning and Lawn Care
Preparing your home for the listing is next. This includes hiring a professional cleaning crew and landscaper to ensure your home shows well once it hits the market. Norhill Realty can help coordinate these vendors to ensure that the work is completed in a timely and professional manner.
Step 5: Professional Photography and Home Listing
Now that your home is ready to be listed, you want to make sure that it makes a great first impression. The majority of home buyers start their search online and a listing with great photography will stand out from the crowd. Norhill Realty hires a professional photographer for all of our listings and we utilize the latest technology, social media and old fashion marketing techniques to sell our listings quickly.
If you have any questions on how this Turnkey Listing Package can help you, give us a call. We’re ready to help.
Mark Brawley
Mark is a real estate broker serving Houston's close-in neighborhoods. Read what Mark's clients have to say about his service at Zillow.com. Connect with Mark on Google+ or contact him at mark@norhillrealty.com or on his mobile at 281-650-3384.
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