MARCH!!!!SPRING IS ON ITS WAY!!!... And…it’s about time for some warmer weather. Now…we can begin thinking about….The Boys of Summer, Bluebonnets, Easter, The Azalea Trail, Wildflowers, Green Grass, Shorts, the Beach, Barbeque, Kites…….and so much more! Enjoy!
LOW INCOME MULTI-FAMILY RESIDENTIAL RENTAL UNITS are proposed to be constructed nearby on Katy Ft. Bend Road at the entrance to Grand Harbor according to a sign posted just behind the Dentists’ Offices. There are to be 176 units on 13 acres. A PUBLIC HEARING is scheduled for April 7, 2010 at the Houston City Hall Annex, 900 Bagley at 6:00 PM. Thanks to a very observant Grand Harbor resident who discovered the obscured sign, we have been informed of an issue that could affect our property values and quality of life. The Falcon Point Homeowners Association is assessing the situation. Please mark your calendars and make plans to attend this important hearing.
FEBRUARY 2010 REAL ESTATE UPDATE
(Only List Prices are Shown)
CURRENT HOMES FOR SALE
The Estates…..7……$233,000-$339,900
The Nest…..4……$159,900-$280,000
The Meadows….3……$199,900-$224,900
The Landing…..4……$155,000-$239,900
The Grove…..0
The Arbor…..2……$205,000-$209,900
HOMES UNDER CONTRACT (NOT CLOSED)
The Estates…..5……$285,000-320,000
The Nest…..1……$222,000
The Meadows…..0……
The Landing…..0
The Grove…..0
The Arbor…..0
SOLD! WELCOME TO OUR NEW NEIGHBORS!
The Estates…..0
The Nest…..1……$285,000
The Meadows…..0
The Landing…..1……$160,000
The Grove…..0
The Arbor…..1……$180,000
Unlike 2009, we started 2010 in both Falcon Point and Falcon Landing with fewer homes on the market. Sellers in both areas were slower to enter the market in January 2010 than in January 2009. In addition, the changes in the appraisal process in late 2009 and the changes in lending and closing practices beginning in 2010 resulted in longer times from the actual execution of the earnest money contract by buyer and seller to the actual closing date when the transaction was completed. The uncertainty of the direction of the 2010 economy resulted in a “wait and see” attitude. In February, homes available on the market and serious buyers for them came back to the market place driven in part by the expansion of the Homebuyer Tax Credit Extension. This program allows eligible first time and existing homeowners up to an $8,000 tax credit upon purchase for those who file a combined income tax return with a combined income limit of $225,000. Substantial tax credits are also available to single and head-of-household while partial credit is given to married couples earning between $225,000 and $245,000. During the past few weeks, the numbers of serious buyers are more visible as the program requires that a contract to purchase must be signed before April 30, 2010 with a closing occurring no later than July 1, 2010. It has been stated that this program will not be renewed or modified beyond this date and that efforts to keep interest rates at the present low rates will not continue. Thus, it is definitely the optimum time to sell and/or to buy if that is in the plans for this year. Although no one has ventured a solid opinion, it is possible that this program will alter the timing of our normal market by pulling buyers from late Spring and Summer leaving a lackluster normal market in its place. So…if you ARE thinking of buying or selling, you might want to take advantage of the Now. For more details about eligibility, please call (713-907-6628) or Email Me.
THE WIDENING OF KATY-FLEWELLEN is underway. The 4 lane extension of Westheimer Parkway is not far behind. Slow down and be prepared to be a bit inconvenienced as the work progresses. In the end, we will all be able to get to where we wish to go with greater ease.
SPRING FESTIVALS, BAZAARS AND BLUEBONNETS… are just about upon us. Although there is some promotion regarding bluebonnets & wild flowers, there are no visible signs of them just yet. I returned from the Austin and Fredericksberg areas this past weekend and saw nothing but brown everywhere. However, Texas greens up in a hurry…keep your eyes open and stay tuned…..
KISD SPRING BREAK BEGINS...at the end of the school day on Friday, March 13 and continues through Sunday, March 21. Please slow down and watch for the children on the streets!
DAYLIGHT SAVINGS TIME BEGINS….March 14. Be sure to set your clocks back one hour!
SEE YA NEXT MONTH!!!!
Of course, for those of you who are considering a move, CALL ME at 281-578-4425 for an enlightening discussion of….PROACTIVE MARKETING, PROFESSIONAL CREATIVITY AND PERSISTANT EXECUTION designed to bring you the PHENOMENAL SUCCESS of a timely sale at the best possible price.
