Cameron and Teresa are working now on the next edition of the River Oaks Market Report, set to go to press next week. The “Outlook” edition will drill down into the River Oaks real estate market for 2020 – what sold where and for how much? – plus offer thoughtful insight as to what to expect in 2021. If you’re in the market to buy or sell in River Oaks in the coming year, this is a must-read.
In the meantime, we’re sharing a few tidbits from the upcoming ROMR Outlook edition. Here are 10 things to know about the 2020 River Oaks real estate market right now:
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Current supply of inventory for sale 15 months
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Average sales price (not including lots) $3,336,787
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Average sales price discount to original list price 12%
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Share of current inventory over $4 million 45%
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Largest house to change hands in 2020 11,900 square feet at 3443 Inwood
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River Oaks street with most homes for sale Inwood Drive (with 9 houses as of January 2021)
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Highest closing price on MLS $8,062,500 at 3443 Inwood
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Lowest house closing price on MLS $950,000 at 2003 Chilton
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Average lot size of sold properties 19,704 square feet
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Number of 2020 closings vs. 2019 closings -5%
