Things are moving fast in the River Oaks real estate market now. After a surprisingly nimble 2020, despite the yoke of Covid-19, this year has started like gangbusters (see last month’s report here). Here are some highlights so far: As of the Ides of March – i.e. March 15 – there have been 27 closed
If there was one main takeaway from our last River Oaks Market Report ~ 2021 Outlook it was that market momentum barely stopped over the holidays and into January. No kidding! Take a look at the level of pending contracts since the start of the year, compared with the same (pre-COVID) months in 2020, which
Let’s jump right into the numbers. As we enter the final weeks of 2020, here is a snapshot of post-election activity in River Oaks real estate. What’s most striking is that there have been so many newly pending contracts since mid-November. In a typical year one would expect River Oaks buyers to be winding down
When it comes to gauging market activity in real estate, measuring the number of months of available inventory* can provide intriguing insight beyond the usual statistics. Let’s start by agreeing that fewer months of available inventory = relatively more active sales. In other words, less is better. For the sake of this discussion, we are
In our recently mailed 2020 Mid-Year River Oaks Market Report we remarked that, while sales in the first half of 2020 at the high end of River Oaks – that is, properties priced $4 million or higher – did not exceed the number for the same period in 2019, they were not very far behind.
Overview As we prepare for the biannual edition of our River Oaks Market Report (to be published in July), we have been trying to examine the extraordinary past few months from the perspective of comparison with the same period in 2019. How weird has this year truly been? Clearly, the first half of 2020 was
“Bond is a daydream of absolute irresponsibility. A world where nobody civilises you. None of the girls is annoyed; none of the girls has a baby. He can even get married without having to get married. There are no repercussions. A dream of power without responsibility.” Thus, the journalist and one-time friend of James Bond
It is challenging to make astute comments about a real estate market that has been understandably inactive since mid-March. So, suffice it to say that River Oaks is largely in wait-and-see mode. Here are a few general observations based on the data: River Oaks Inventory The number of houses for sale in River Oaks has
Regular readers will be relieved to know that this month’s River Oaks market update will have more pictures and fewer words than usual. And yet, looking at the graphics alone would convey a more dire message than is truly the case. There’s more to the story. Read on. Showing Activity Let’s face it, showing activity
If you receive our twice-a-year River Oaks Market Report – the 2020 Outlook edition is set to drop this week – you can skip the next two paragraphs of explanation and get right to the meat of this blog. Otherwise, allow us to explain how we track and categorize real estate sales in River Oaks.