Register Real Estate Advisors

Welcome to the new ExxonMobil Campus of the future. This world class facility is coming to the Houston, Texas area and we are ready. Here at RREA, our agents specialize in new and resale homes in the Spring and Woodlands area. Call us today so we can help you relocate to your new home – 281.288.3500. We hope you enjoy the video below provided by ExxonMobil that lays out the project plans.

Currently Benders Landing has opened up thier estates section and is selling lots for future homes. If you are interested in purchasing a one to two acre lot in Spring, Texas, this is a fabulous community. Close to the Hardy Toll Road, it offers convenient access to The Woodlands and Houston. Purchase your lot now and build later. There are only a few lakefront lots left, so if you prefer to be on the water, call us today! Most are wooded lots. There are no MUD taxes in Benders Landing. This community is only 5 miles to the new ExxonMobil Headquarters. So go ahead and buy now and build later! Lots are going fast. If you want to be outside of the estates section, there are many resale lots also available in Benders Landing. Call us today at 281.288.3500 to find out more. See video below for more information on this community.

The city of Spring has grown over the last decade.  It has many restaurants, shopping areas, and offers entertainment.  One of the great summer spots is Splashtown located right off of I45 North.  The Hardy Toll Road gives Spring residents easy access to Houston’s downtown destinations and Bush International Airport.  Going north on I45, The Woodlands offers wonderful shopping and entertainment.  Even further north you can reach Lake Conroe for summer fun and many gold courses. The new ExxonMobil Campus is being built in Spring, Texas close to The Woodlands. This will bring a lot of demand for housing into the area over the next few years.

Old Town Spring is a quaint collection of turn-of-the-century buildings that are a favorite shopping spot and tourist destination. Over 150 restaurants, museums, art galleries, and shops occupy the vintage structures. If you live in Spring, you can enjoy the annual Crawfish Festival. The unique shopping opportunites in Old Town Spring draw people from all over Texas.

Spring’s housing inventory has many lovely median priced residents.  Benders Landing Estates is a beautiful acreage community located just minutes from the Hardy Toll Road.  Schools, restaurants, entertainment venues, and medical facilities are all close by when you live in Spring, Texas.  If you are interested in moving or relocating to the Spring, Woodlands, or Old Town Spring area, please give us a call at Register Real Estate Advisors.  We would love to help you with all of your real estate needs – 281.288.3500.

Video of Spring -

Here is a video with some pretty incredible clips of some pretty incredible luck.

February Brings Robust Sales Activity to Upper Segments of the Houston Real Estate Market

Sales of homes from $250K and above give pricing another boost

HOUSTON — (March 16, 2010) — The Houston real estate market completed the second month of 2010 showing continued vitality in home prices, thanks to robust sales activity in the upper housing segments.

Overall February sales of single-family homes across the greater Houston area slid 5.8 percent compared to February 2009, according to the latest monthly data compiled by the Houston Association of REALTORS® (HAR). When broken out by segment, however, sales of single-family homes priced from $250,000 and above recorded double-digit gains. Sales of all property types declined 7.4 percent in February on a year-over-year basis.

The average price of a single-family home appreciated for the fifth straight month, reaching $203,271, up 12.3 percent versus February 2009. At $147,000, the February single-family home median price—the figure at which half of the homes sold for more and half sold for less—rose 6.5 percent from one year earlier. That represents the tenth consecutive monthly increase in median price.

Foreclosure property sales reported in the Multiple Listing Service (MLS) fell by 18.7 percent in February compared to one year earlier. The median price of February foreclosure sales rose 7.5 percent to $86,000 on a year-over-year basis.

Sales of all property types in Houston for February totaled 3,843, down 4.6 percent compared to February 2009. Total dollar volume for properties sold during the month was $747 million versus $711 million one year earlier, representing a 5.1 percent increase.

“We are encouraged by steady homebuying activity in the higher-end single-family segment, which has strengthened Houston’s already enviable real estate pricing,” said Margie Dorrance, HAR chair and principal at Keller Williams Realty Metropolitan. “We expect to see consumer interest extend to the other segments as the spring homebuying season heats up.”

February Monthly Market Comparison
The month of February brought Houston’s overall housing market mixed results when all listing categories are compared to February of 2009. Total property sales declined while total dollar volume and both median and average single-family home sales prices rose on a year-over-year basis.

The number of available properties, or active listings, at the end of February rose 4.3 percent from February 2009 to 46,658. That represents 1,448 more active listings than one month earlier, in January 2010, and may reflect increased activity stemming from the federal homebuyer tax credit that expires on April 30.

February’s month-end pending sales—those listings expected to close within the next 30 days—totaled 3,168, down 1.8 percent from last year. The months inventory of single-family homes for February grew to 6.3 months compared to 5.9 months one year earlier, but remains better than the national months inventory of single-family homes of 7.8 months, reported by the National Association of REALTORS® (NAR).

CATEGORIES FEBRUARY 2009 FEBRUARY 2010 PERCENT CHANGE
Total property sales 4,030 3,843 -4.6%
Total dollar volume $710,696,861 $747,032,015 5.1%
Total active listings 44,747 46,658 4.3%
Total pending sales 3,227 3,168 -1.8%
Single-family home sales 3,450 3,251 -5.8%
Average single-family sales price $180,966 $203,271 12.3%
Median single-family sales price $138,000 $147,000 6.5%
Months inventory* 5.9 6.3 7.5%

* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.

Single-Family Homes Update

February sales of all single-family homes in Houston totaled 3,251, down 5.8 percent from February 2009. This is the Houston market’s third consecutive monthly decline in sales. However, broken out by segment, sales of single-family homes priced between $250,000 and $500,000 rose 15.8 percent in February while sales of luxury homes—those priced from $500,000 to the millions—climbed 14.9 percent. By contrast, sales of homes in the below-$80,000 segment fell 27.5 percent and those priced between $80,000 and $150,000 were unchanged.

Heightened sales activity in the higher end of the housing market drove pricing up in February. At $147,000, the median sales price for single-family homes rose for the tenth consecutive month, up 6.5 percent from February 2009. The national single-family median price reported by NAR is $163,600, illustrating the continued higher value and lower cost of living that consumers enjoy in the Houston market. The average price of single-family homes in February was $203,271, an increase of 12.3 percent from one year earlier. That represents the fifth straight monthly jump in the average price.

HAR also breaks out the sales performance of existing single-family homes throughout the Houston market. In February 2010, existing home sales totaled 2,681, a 5.1 percent drop from February 2009. The median sales price rose 7.5 percent to $136,000 compared to last year. The average sales price of $189,998 increased 15.7 percent from its February 2009 level.

Townhouse/Condominium Update

The number of townhouses and condominiums that sold in February rose 8.9 percent compared to one year earlier. In the greater Houston area, 330 units were sold last month versus 303 properties in February 2009.

The median price of a townhouse/condominium edged up 2.5 percent year-over-year to $128,000. The average price was up 3.9 percent to $158,648 from February 2009 to February 2010.

Lease Property Update

Demand for single-family home rentals rose 9.9 percent in February compared to a year earlier. Year-over-year townhouse/condominium rentals shot up 20.1 percent.

Houston Real Estate Milestones in February

•The average price of a single-family home appreciated for a fifth straight month, by 12.3 percent, to $203,271;

•The median price of a single-family home rose for the tenth consecutive month, by 6.5 percent, to $147,000;

•6.3 months inventory of single-family homes compares favorably to the national average of 7.8 months;

•Townhouse/condominium sales rose 8.9 percent;

•Total dollar volume grew 5.1 percent, reaching $747 million.

The computerized Multiple Listing Service of the Houston Association of Realtors® includes residential properties and new homes listed by 25,000 Realtors® throughout Harris, Fort Bend and Montgomery counties, as well as parts of Brazoria, Galveston, Waller and Wharton counties. Residential home sales statistics as well as listing information for more than 50,000 properties may be found on the Internet at http://www.har.com.

The information published and disseminated to the HAR Multiple Listing Services is communicated verbatim, without change by Multiple Listing Services, as filed by MLS participants.

The MLS does not verify the information provided and disclaims any responsibility for its accuracy. All data is preliminary and subject to change. Monthly sales figures reported since November 1998 includes a statistical estimation to account for late entries. Twelve-month totals may vary from actual end-of-year figures. (Single-family detached homes were broken out separately in monthly figures beginning February 1988.)

Founded in 1918, the Houston Association of Realtors® (HAR) is a 25,000-member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest local association/board of Realtors® in the United States as well as the largest individual membership trade association in Houston.

Are you relocating to The Woodlands, Texas?  If so, I’d like to introduce you to the area.  This is a video I made about this master planned community.  I help people move to the Houston area and if this looks like a community you would like to live in, I can help!  Give me a call at 832.628.SELL today for your FREE Relocation Guide.