New Construction So far this year, on average, spec new construction sold at a 15% discount to original list price. There were no sales of new con on half-acre+ lots. But three sold in 2020, and one is currently pending. A few spec homes were converted to custom construction. Active on MLS: 7 Pending: 7
In 2017 we began a new feature on our blog called Ask the Agents. Since then, we have answered many, many questions from clients, friends and perfect strangers. This is our 20th installment of questions and answers. Question: What is a sellers’ market? Answer: Typically, a sellers’ market is one in which there is six
Last week, expecting a call from a writer at Mansion Global (a digital publication from Dow Jones) to share thoughts about the surge in sales of large houses across the country, we thought it best to check on the data for Houston. Sure enough, the rate of sales for large houses in central Houston market
Question: We are in contract on a house and had an inspection done. Among the inspector’s findings: wood rot around windows, cast iron pipes under the house and missing shingles on the roof. Doesn’t the seller have to make the repairs? Answer: No. There is no requirement for a seller to make any repairs, unless
It is often an indicator that the crest of a market cycle has been reached when everybody and their brother-in-law are offering real estate opinions and advice. And, while there is currently a proliferation of armchair quarterbacks practicing without a license – enough, you may say, to fill NRG Stadium – we believe that there
Question: Are open houses actually useful? Answer: The short answer is, yes. Oh, we’ve heard many of the arguments against public open houses: Only nosy neighbors come. It’s a weekend amusement for people who could never afford my house. Dishonest people might be checking out my stuff. Real estate agents want them in order to
It is often observed that one shouldn’t expect much to happen in River Oaks residential real estate in the week or two leading up to the traditional Tax Day on April 15. It’s not that, in a normal year, many taxpayers in the top tier file their taxes by then, anyway. It’s just the idea
Guests always seem to congregate in the kitchen, right? Even if you set up the party buffet and bar in other rooms, people wander into the kitchen. And they often stay there all evening. Is it the messy informality of the kitchen? Do some shy guests need a place to hide out of the spotlight?
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
It was just four weekends ago that we all emerged, kind of numb, from the mid-February deep freeze and took a look around. Even if you were among the fortunate who did not have damage to your pipes and home, you surely were disheartened to view our Houston landscape … the queen palms, sagos, hibiscus