Register Real Estate Advisors

HOUSTON (GlobeSt.com) – Apache Corporation has not only renewed its lease of 365,000 sf at the Post Oak Central office building in Houston’s uptown submarket, it has tacked on an additional 132,000 sf.

The oil company signed the lease renewal for five years beyond the expiration of its current lease, which originally was to end later this year.

This is another in a string of large commercial leases that have occurred in Houston over the last couple of months.

Last month, Noble Energy leased the 497,000-sf former Compaq headquarters in northwest Houston. In December, Shell Oil renewed its 1.2-million-sf lease at its downtown One Shell Plaza and Two Shell Plaza.

Cushman & Wakefield represented Apache in the lease negotiations. Crescent Real Estate Holdings represented the building owner.

Shadow Creek Ranch is located in the City of Pearland, just minutes away from Houston’s downtown and Texas Medical Center. It is located on the highway 288 corridor just South of Beltway 8 and is near many hospitals, day care facilities, and churches. Exciting News for travelers! It is just minutes away from Hobby Airport.  This community has lots of amenities and entertainment for your family to enjoy. Check this out! It has the Diamond Bay Water Park and two recreation centers, Reflection Bay Recreation Center and Emerald Bay Recreation Center.  There is also a 22 mile hike and bike network, and a town center with shopping and dinning. Can’t ask for anything better then living in Shadow Creek Ranch!

Are you planning to buy a home near the new Exxon Mobile Houston Campus?  Exxon Mobile has been planning to consolidate many of its Houston offices into a new campus which will relocate many of the employees.  The new campus will be located on a 385 acre site between Spring and The Woodlands in Harris County.  Move in is slated for early 2014, so if you will be moving to this campus you will want to relocate your family soon.  Register Real Estate Advisors is located within five miles of the new campus.  Our agents are well trained and specialize in the surrounding communities.  If you are planning to relocate to this area, move your family with the security of an agent that knows the area well and can help you find the best property to meet your family’s needs.  Call us today to find the agent that will best meet your needs at 281.288.3500.

The economic impact of this new campus has been estimated to create 44,000 jobs.  That will mean a lot of people moving to the Spring and Woodlands area.  This project will provide significant economic benefits for Texas and the local economy even while under construction.  It is estimated that housing prices will rise as we approach 2014.  So I encourage you to begin planning your move now so that you can get the best interest rate, location, and price for your new home.

I feel it is very important and necessary to advise Consumers to be aware of an alarming issue in the real estate community.  Right now the market is down and has been since 2007.  As a result, many long time agents are getting full time employment jobs and leaving their real estate careers for the weekends.  As a consumer with a real estate need, you will want a full time Realtor that can help you anytime, not just after business hours.  The same can be true for your lender and inspector.  You want someone you can not only get in contact with, but someone with a focus on their real estate career.  Someone who has the experience, training, and dedication for every real estate market.  We all know the re market swings up and down, but if you are an agent that’s not in it for the long haul, I would not want you helping me with one of the biggest and most important decisions in my life.  Please choose wisely when you pick a Realtor.  

Ask your Realtor questions about their dedication to the industry and what alternate income streams they have.  You may find your Realtor really isn’t a real estate agent at all, they may be a flight attendant, a lender, insurance salesman, or waiter.  Ask the questions and consumers beware of part time realtors who want to make money off of you in real estate without having to commit to the industry. 

Choose someone who keeps up with industry news and is ready to help you any day of the week!  Someone who works in real estate daily! 

At RREA, you will find dedicated Realtors that are experienced and in business for the long haul, no matter what the market is doing!

Do you have your new year’s plan in place?  Do you have plans to relocate, upsize, or downsize? The first quarter of next year in real estate in the Houston, Tx area looks good.  Spring, The Woodlands, and Montgomery county areas, is especially in a good position for growth. The construction of Exxon’s new headquarters, new corporation relocating to the area.  I believe you’re going to see a sufficient demand for house’s in these areas.  This will be a good time to list your home for sale. As you know as demand increases, so do the prices.  This may be the time to get a good price for your home, and still be able to purchase home for reasonable amount.

COLLEGE STATION (Real Estate Center) – The National Association of Realtors (NAR) announced this week that it will revise its total existing home sales and unsold inventory data downward by as much as 20 percent.  The Real Estate Center’s housing market expert, Research Economist Dr. Jim Gaines, said the revision is because of sales reporting issues as well as NAR’s internal adjustment process to convert reported MLS sales into total existing home sales.  “NAR extrapolates the reported MLS sales data into estimated total existing home sales based on adjustment factors developed from the 2000 census, which are now outdated,” Gaines said.  “NAR said it wants to avoid double counting duplicate sales records from consolidated MLSs and to better account for shifts in population, fewer for-sale-by-owner sales and other factors. Normally, NAR adjusts the sales based on decennial census results, but the 2010 census did not collect home sales data as previous censuses did. NAR had to find other ways to make adjustments and backdate their results.”  The revision could make the housing bust reported over the past five years look statistically even deeper than originally reported.  “Reported existing home sales during the past five years have been hovering around five million units per year, the lowest sales volume in more than a decade,” Gaines said. “If the pace of sales is significantly lower than initially reported, it may take longer than originally anticipated to clear the so-called ‘shadow inventory.’”  The revisions should have little to no impact on those who use the Center’s sales data, Gaines said.  “The Center only provides sales and listing inventory data as reported by each MLS with no overall adjustments,” he said. “Consolidation of many of the larger MLS services some years ago eliminated most of the duplication problems and other reporting issues associated with the NAR database. The Center also scrubs the reported sales data to eliminate possible duplicates, so the sales reported by the Center are not total home sales, but rather the volume of sales submitted by the local MLS.”  The revised data, which will be released Dec. 21, will not include the reported number of months of inventory, monthly percentage changes or home prices. These data are expected to remain the same regardless of the sales and inventory or inventory adjustments.

At the end of 2009, 10% of mortgages had at least 1-payment past due and another 5% of mortgages were in the foreclosure process.  At the end of the 3rd quarter of 2011 8% of mortgages had at least 1-payment past due and another 4% of mortgages were in the foreclosure process.  Currently, there are fewer homes being foreclosed on.  Many families are concerned about inflation in the US.  It has caused prices to rise throughout the country by about 64% over the last 20 years.  That’s an annual increase of 2.5%. An example that looks grim is that a person who retired December of 1990 on a fixed income with no cost of living adjustments would have 61% of their purchasing power as of December of 2010.  That surprising example keeps consumers teetering between purchasing homes and staying in their current homes.  The good news for Houston is that our current housing inventory has reduced, interest rates are low, and we have the most stable housing market in the country.  Consumers buying homes in Houston, Texas have a lot more buying power than home buyers in other areas of the country.

The real estate market trends for The Woodlands, Texas are based on the most up to date Houston Multiple Listing Service (MLS) information.  As of the end of November 2011, there were 548 homes for sale in The Woodlands according to the MLS database.  One hundred sixty two homes were pending sales.  So there is a lot of market activity going on in The Woodlands.  Most of these statistics are based on resale homes, unless the builders put their new construction homes in the MLS database.  Since November 1, 2011 (until the end of November 2011) 64 homes have sold in The Woodlands.  Of those 64 homes, the average square foot sold was 3,063 which was a three to four bedroom home.  The asking price was on average $393,619.00 which is about $129 a square foot.  The average sales price was $368K which is $120 a square foot.  It took these homes about threee months to sell, which is a great time for turn over in this market.  The average year built for these sold homes was 1999.  If you are interested in purchasing a home in The Woodlands, Texas please call us at Register Real Estate Advisors 281.288.3500 to get started.  We have many experienced Woodlands agents that can help you.  Below are homes that are currently for sale in The Woodlands, Texas.  Whether you are relocating to The Woodlands or moving around the corner, our experienced and highly trained Realtors would love the opportunity to help you find the perfect home for your family’s needs.

Showing properties 1 - 25 of 500+. See more The Woodlands Listings.
(all data current as of 2/10/2012)

1. $246,476 : 14 Nagshead Place, The Woodlands
   
   4 beds, 3 full baths

   Home size: 2,208 sq ft

   Year built: 2012

   Parking spots: 2

   Days on market: 1

   Listed with Lennar Homes
2. $287,900 : 6 Night Heron Pl, The Woodlands
   
   4 beds, 2 full, 1 part baths

   Home size: 3,064 sq ft

   Lot size: 8,208 sq ft

   Year built: 1994

   Parking spots: 2

   Days on market: 1

   Listed with Prudential Gary Greene, REALTORS
3. $675,000 : 6 Great Laurel Ct, The Woodlands
   
   5 beds, 4 full, 2 part baths

   Home size: 4,300 sq ft

   Lot size: 21,323 sq ft

   Year built: 1995

   Parking spots: 3

   Days on market: 1

   Listed with Coldwell Banker United, REALTORS
4. $2,400 : 30 Silver Lute Pl, The Woodlands
   
   3 beds, 3 full baths

   Home size: 2,376 sq ft

   Lot size: 7,610 sq ft

   Year built: 2005

   Parking spots: 2

   Days on market: 2

   Listed with Moco Realty Inc.
5. $5,000 : 27 Harbor Cove, The Woodlands
   
   3 beds, 2 full, 1 part baths

   Home size: 3,235 sq ft

   Lot size: 14,218 sq ft

   Year built: 1993

   Parking spots: 2

   Days on market: 2

   Listed with RE/MAX The Woodlands & Spring
6. $132,000 : 235 Walden Elms, The Woodlands
   
   3 beds, 2 full, 1 part baths

   Home size: 1,559 sq ft

   Lot size: 2,914 sq ft

   Year built: 1997

   Parking spots: 2

   Days on market: 2

   Listed with RE/MAX The Woodlands & Spring
7. $180,540 : 19 Hinterwood Way, The Woodlands
   
   3 beds, 2 full baths

   Home size: 1,586 sq ft

   Lot size: 5,639 sq ft

   Year built: 2012

   Parking spots: 2

   Days on market: 2

   Listed with Icon Realty Group, L.L.C.
8. $229,900 : 59 Vista Cove Dr, The Woodlands
   
   3 beds, 2 full baths

   Home size: 1,703 sq ft

   Lot size: 6,819 sq ft

   Year built: 1996

   Parking spots: 2

   Days on market: 2

   Listed with Prudential Gary Greene, REALTORS
9. $239,000 : 19 Wild Aster Ct, The Woodlands
   
   3 beds, 2 full, 1 part baths

   Home size: 2,482 sq ft

   Lot size: 8,821 sq ft

   Year built: 1998

   Parking spots: 2

   Days on market: 2

   Listed with RE/MAX The Woodlands & Spring
10. $392,500 : 179 Arrow Canyon Circle, The Woodlands
    
    5 beds, 3 full, 1 part baths

    Home size: 3,608 sq ft

    Lot size: 9,386 sq ft

    Year built: 2007

    Parking spots: 2

    Days on market: 2

    Listed with Total Home Management
11. $588,800 : 14 Valera Ridge Dr, The Woodlands
    
    4 beds, 3 full, 1 part baths

    Home size: 4,330 sq ft

    Lot size: 13,570 sq ft

    Year built: 2011

    Parking spots: 3

    Days on market: 2

    Listed with RE/MAX Professional Group
12. $699,950 : 6 Valley Cottage Place, The Woodlands
    
    4 beds, 3 full, 1 part baths

    Home size: 3,886 sq ft

    Lot size: 13,489 sq ft

    Year built: 2012

    Parking spots: 3

    Days on market: 2

    Listed with Partners in Building LP
13. $1,350 : 34 Vesper Bend Cir, The Woodlands
    
    3 beds, 2 full baths

    Home size: 1,444 sq ft

    Year built: 2004

    Parking spots: 2

    Days on market: 3

    Listed with Houston International Realty
14. $2,500 : 26022 Budde Rd, The Woodlands
    
    3 beds, 2 full baths

    Home size: 1,644 sq ft

    Lot size: 22,877 sq ft

    Year built: 1970

    Parking spots: 2

    Days on market: 3

    Listed with RE/MAX The Woodlands & Spring
15. $3,000 : 143 Maple Path Pl, The Woodlands
    
    5 beds, 3 full, 1 part baths

    Home size: 3,239 sq ft

    Lot size: 8,044 sq ft

    Year built: 1998

    Parking spots: 2

    Days on market: 3

    Listed with RE/MAX The Woodlands & Spring
16. $3,000 : 30 Delmar Green Pl, The Woodlands
    
    4 beds, 3 full baths

    Home size: 3,478 sq ft

    Year built: 2004

    Parking spots: 2

    Days on market: 3

    Listed with RE/MAX The Woodlands & Spring
17. $3,100 : 47 Tapestry Forest Pl, The Woodlands
    
    3 beds, 2 full, 1 part baths

    Home size: 2,967 sq ft

    Lot size: 9,766 sq ft

    Year built: 2006

    Parking spots: 2

    Days on market: 3

    Listed with Keller Williams Realty The Woodlands
18. $125,000 : 131 Villa Oaks, The Woodlands
    
    3 beds, 2 full, 1 part baths

    Home size: 1,517 sq ft

    Lot size: 2,380 sq ft

    Year built: 2000

    Parking spots: 2

    Days on market: 3

    Listed with RE/MAX The Woodlands & Spring
19. $130,000 : 50 Marble Rock Pl, The Woodlands
    
    3 beds, 2 full, 1 part baths

    Home size: 1,565 sq ft

    Lot size: 2,380 sq ft

    Year built: 2000

    Parking spots: 2

    Days on market: 3

    Listed with RE/MAX The Woodlands & Spring
20. $143,000 : 6 Bowie Bend Ct, The Woodlands
    
    3 beds, 2 full baths

    Home size: 1,570 sq ft

    Lot size: 7,006 sq ft

    Year built: 2000

    Parking spots: 2

    Days on market: 3

    Listed with RE/MAX The Woodlands & Spring
21. $169,900 : 6 Windswept Oaks Pl, The Woodlands
    
    3 beds, 2 full baths

    Home size: 1,937 sq ft

    Year built: 2001

    Parking spots: 2

    Days on market: 3

    Listed with RE/MAX The Woodlands & Spring
22. $213,370 : 1022 Cedar Lake Ct, The Woodlands
    
    3 beds, 2 full baths

    Home size: 1,872 sq ft

    Lot size: 7,018 sq ft

    Year built: 2011

    Parking spots: 2

    Days on market: 3

    Listed with RE/MAX The Woodlands & Spring
23. $223,900 : 22 Gilmore Grove Pl, The Woodlands
    
    3 beds, 2 full baths

    Home size: 1,888 sq ft

    Lot size: 7,061 sq ft

    Year built: 2006

    Parking spots: 2

    Days on market: 3

    Listed with Keller Williams Realty The Woodlands
24. $284,900 : 35 Petalcup Pl, The Woodlands
    
    4 beds, 2 full, 1 part baths

    Home size: 2,823 sq ft

    Lot size: 8,145 sq ft

    Year built: 1991

    Parking spots: 2

    Days on market: 3

    Listed with Prudential Gary Greene, REALTORS
25. $285,000 : 46 Wildflower Trace, The Woodlands
    
    4 beds, 3 full, 1 part baths

    Home size: 2,626 sq ft

    Lot size: 6,684 sq ft

    Year built: 1999

    Parking spots: 2

    Days on market: 3

    Listed with Keller Williams Realty The Woodlands

Listing information deemed reliable but not guaranteed. Read full disclaimer.

COLLEGE STATION (Real Estate Center) – Texas’ employment growth rate is
slowing down thanks to government job losses, but the state’s private sector is
still cranking out jobs and offsetting government job losses, according to the
latest Monthly Review of the Texas Economy.

The state created 15.4 percent of total jobs created in the United States
from October 2010 to October 2011.

Texas gained 232,500 nonfarm jobs during the period, an annual growth rate
of 2.2 percent compared with 1.2 percent for the United States. The state’s
private sector added 287,900 jobs, an annual growth rate of 3.4 percent
compared with 1.7 percent for the nation’s private sector.

The state’s seasonally adjusted unemployment rate increased to 8.4 percent
in October 2011 from 8.2 percent a year earlier. The nation’s rate
decreased from 9.7 to 9.0 percent.

All Texas industries except the information industry and the state’s
government sector had more jobs in October 2011 than in October 2010. The
state’s mining and logging industry ranked first in job creation, followed by
the professional and business services industry, and the leisure and
hospitality industry.

All Texas metro areas except Abilene, Wichita Falls, Texarkana and College
Station-Bryan had more jobs in October 2011 than in October 2010. Victoria
ranked first in job creation followed by Laredo, Corpus Christi, Odessa and
Lubbock.

The state’s actual unemployment rate in October 2011 was 8 percent. Midland
had the lowest unemployment rate followed by Amarillo, Odessa, Lubbock and
College Station-Bryan.