A wonderful combination of affordability and location, Timbergrove/Lazybrook was recently included in Norhill Realty’s “Top 5 affordable neighborhoods near Houston’s inner loop…and the homes have yards”. The title of that list may be a mouthful, but homes with those characteristics are few and far between in Houston.
Located in Northwest Houston, this neighborhood is conveniently located close to Downtown, Houston Heights, the Galleria, and Memorial Park. Many of Houston’s young professional families have flocked to Timbergrove/Lazybrook to gobble up the 60s era ranch-style homes that proliferate through the area. With median home prices starting in the mid $200K, who can blame them.
Besides the anchor communities of Timbergrove and Lazybrook, upscale townhome developments like Heritage Creek, Timbergrove Heights,Timbergrove Terrace, Timbergrove Point, and Timbergrove Gardens dot the neighborhood.
CLICK HERE AND FIND ACTIVE HOMES FOR SALE IN TIMBERGROVE
HOMES SOLD IN TIMBERGROVE DURING THE MONTH OF MARCH
| Address | BR | Bths | Building Size (SF) | Lot Size (SF) | List Price | Sales Price | Days on Market |
|---|---|---|---|---|---|---|---|
| 1118 PRINCE ST | 2 | 1/0 | 924 | 7,560 | $200,000 | Click Here | Click Here |
| 1214 Bay Oaks | 2 | 1/0 | 1,101 | 7,480 | $224,900 | Click Here | Click Here |
| 1827 FOXWOOD RD | 2 | 2/0 | 1,288 | 10,030 | $234,900 | Click Here | Click Here |
| 6435 WOODBROOK LN | 3 | 1/0 | 1,394 | 8,280 | $239,900 | Click Here | Click Here |
| 2430 TANNEHILL DR | 3 | 2/0 | 1,712 | 7,700 | $249,900 | Click Here | Click Here |
| 1803 MILLCREEK | 4 | 2/0 | 2,173 | 8,280 | $275,000 | Click Here | Click Here |
| 1607 TANNEHILL DR | 3 | 2/1 | 2,090 | 7,700 | $285,000 | Click Here | Click Here |
| 6607 KURY LN | 3 | 2/0 | 1,984 | 8,978 | $289,900 | Click Here | Click Here |
| 6603 GROVEWOOD | 3 | 2/0 | 1,631 | 8,565 | $289,990 | Click Here | Click Here |
| 2411 TANNEHILL DR | 3 | 2/0 | 1,946 | 7,260 | $349,000 | Click Here | Click Here |
| 6011 WISTER CT | 3 | 2/0 | 1,745 | 12,540 | $349,900 | Click Here | Click Here |
| 6146 QUEENSWOOD LN | 5 | 3/1 | 4,412 | 10,725 | $859,900 | Click Here | Click Here |
MONTHLY MARKET UPDATE
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.
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