Washington Corridor

Rice Military Market Update – July 2011

By Vincent Biondillo on Aug 10th, 2011

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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

79 homes sold in the Washington Corridor in the month of July, 41 detached homes and 38 townhomes/condos. This is way up from last July, which only saw 47 total sales. 23 of the properties sold last month were new construction, which is up from the 12 new construction sales posted in July 2010. Last year’s July sales were not doubt lower than normal with the expiration of the Homebuyer Credit in May 2010.

Active Listings

There are 473 properties currently on the market, 291 detached homes and 182 townhomes/condos. In July, 87 new listings came on the market and 105 sellers reduced the list price of their home.

Home Prices

Over the past 12 months, the median sales price for detached properties has risen 1.9% to $294,900 from the same period last year. Townhouses/Condominiums median prices rose 2% to $275,000, and detached homes rose 0.82% to $320,000.

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.

Rice Military Area Market Update – May 2011

By Vincent Biondillo on Jun 16th, 2011

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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

79 homes sold in the Washington Corridor in the month of May, 39 detached homes and 40 townhomes/condos. This is flat from last May, which also saw 79 total sales. 24 of the properties sold were new construction, with is up from the 19 new construction sales posted in May 2010.

Active Listings

There are 529 properties currently on the market, 286 detached homes and 243 townhomes/condos. In May, 109 new listings came on the market and 100 sellers reduced the list price of their home.

Home Prices

Over the past 12 months, the median sales price for detached properties has risen 3.5% to $295,000 from the same period last year. Townhouses/Condominiums median prices rose 2% to $275,000, and detached homes rose 2.37% to $325,500.

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.

Rice Military / Washington Corridor Market Update – April 2011

By Vincent Biondillo on May 05th, 2011

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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 … continue reading