Monday, May 24, 2010

Things are Looking Up!


The April numbers are in, and it looks as though Houston's real-estate market has weathered the storm and things are looking up for the first time in two years!
There were 6,200 Houston-area homes sold in April, which is an increase of 26.7% from April 2009. March sales were up as well, meaning the positive trends are sticking. Mortgage rates have dropped to their lowest point at 4.84% so it is definitely still a buyer's market and going strong! Houston's own Royalton has very ambitiously predicted that they'll sell up to 35 units this year alone at $230/SF and be completely sold out by 2011.
It's not just in Houston. The national housing market says existing home sales were up 7.6% in April. Home builder confidence is up as well for the first time since 2007.
But experts are still reluctant to declare a full recovery because of the expiring tax credit at the end of April. There's also the matter of unemployment. It was reported at 9.9% this morning. Skeptics also say the BP Oil Spill will put a damper on Houston's energy businesses.
So although things may be looking up, many are still saying it's not exactly "black and white" yet, but there are still shades of grey - as is life!

Wednesday, May 12, 2010

May 2010 Housing Market Newsletter

Just leased a 4 bedroom right off Washington for only $2475/month - that is a steal!

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the MAY-2010 Newsletter Housing Trends eNewsletter:
http://www.jessicabrewer.housingtrendsenewsletter.com?Newsletter_ID=248&Period_ID=185

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

It also includes press releases with charts and videos, key market indicators and real estate sales and price statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:
http://www.jessicabrewer.housingtrendsenewsletter.com?Newsletter_ID=248&Period_ID=185

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.

Tuesday, May 4, 2010

Complexes

I have just come back from a long weekend in New Orleans for the International Jazz and Heritage Festival. It was TOO much fun! I always have a blast in New Orleans and the food is just amazing no matter where you go in the city. I had never attempted to go to the festival before because I had been warned about how crowded it gets, and they were right! It was a Mardi Gras type crowd but with fold up chairs, if you can imagine. But it was all worth it because I finally got to see Pearl Jam. They were awesome live!
Anyways, last week I went all around looking at new high rises and apartment complexes because lately I have been getting a handful of clients that inquire about both these and stand-alones so I wanted to get to know that market a little better. My two favorites were the Gables West in Upper Kirby and the Windsor at Siena.
The tour at the Gables was definitely my favorite of the two. Being right across from Whole Foods and walking distance from Cafe Express and Pesce, I fell in love! I first saw their smallest two bedroom which starts around $2000/month. The two things that stuck out the most for me were the indoor window in the living room and the surround sound with IPod capability near the desk and kitchen areas. Then, I was taken to the smallest one bedroom which starts around $1300/month. There was plenty of storage and it was the perfect size for a young professional or couple in the city. I was amazed to find that all units have the surround sound with IPod hook-ups, a nice sized built-in granite and wood desk, dark hard wood floors, stainless steel appliances and two-tone granite counter tops. Finally, I was taken to the top floor where they had state-of-the-art amenities that blew all the other complexes I had seen out of the water! There was an infinity pool with lounge chairs in the water and a very large BBQ pit surrounded by tables and lounges. Overseeing the pool was a business center and study equipped with computers, printers and faxes. On the other side of the pool was a fabulous kitchen where tenants can host parties and occasionally the building conducts cooking classes for all to come learn and enjoy. Across from the kitchen was a miniature theater. I had never seen this before in a high rise! It had a small popcorn machine in the back with candies to choose from and actual theater seating. On our way out, I was shown around the fitness room which had cardio machines each with its own TV, weights and a studio area for classes. Another unique aspect of this complex was the fact that there was a sky-walk on each level from the main building to it's adjacent second building. I was very impressed to say the least!
I also ventured to the Windsor at Siena last week and it was my second favorite because it was great pricing for the location and the amenities offered, which is probably why it's 97% occupied! I didn't really have to ask for pricing because their website is very accurate. They did mention that the 4th floor is always a little more expensive because of the incredible view of downtown and Bayou Park you will get. The 4th floor also has a gorgeous rooftop terrace with lights, large BBQ pit, chaise lounges and a fire place. Very cozy! The complex is very dog friendly. In fact, you can hop on to a path which leads you directly from the on-site dog-walk trails to the dog park in Bayou Park. During my tour, I got to see each of the floor plans and they all had carpet, tile flooring, granite counter tops, black appliances and transom windows above each doorway. The indoor transom windows really added a southern and elegant feel to each unit not to mention all the natural light allowed in. Aside from the main buildings units, the property also had town homes with their own private garages. There's a waiting list for these, that's how popular they are!
I have now also visited The Ventana Midtown, Midtown Heights, The Lofts at the Ballpark, The Allen House, The Retreat and Bayou on the Bend. All of which are excellent choices if you are looking to live in a community inside the loop and all of which work with realtors so let me know if you're interested in pricing and current deals!