This is Part 2 of Neighborhood Price Trends. This data was taken from the recent Houston Chronicle Yearly Price Trends Report.
My first post covered areas just north of the 610 Loop. Price trends of Oak Forest, Garden Oaks, Candlelight Estates and a half dozen other close-in neighborhoods.
Everyone knows that Houston prices are up, and we all know that inside the loop is crazy, so there is nothing startling here…. Prices are up.
This chart is a lot more uniform than my other chart. Heights area sales are just up all over…consistently up.
Here is the data just for several areas in the Heights
House Price Trends-Heights
|Brooke Smith||844||1925||49||1096 SF||$205/SF||+33%||+50%|
|East Norhill||290||1924||14||1223 SF||$277/SF||+7%||+24%|
|Houston Heights||3078||1930||207||1395 SF||$252/SF||+12%||+29%|
|N Norhill||575||1928||49||1145 SF||$286/SF||+16%||+26%|
|Sunset Heights||946||1922||50||1072 SF||$227/SF||+22%||+29%|
|West Heights||166||1935||13||1152 SF||$232/SF||+13%||+75%|
|Woodland heights**||1068||1920||64||1402 SF||$251/SF||+6%||+26%|
The data itself doesn’t mean much. For instance, you can’t estimate what your house is worth, or estimate what a house will cost based upon median price per SF. This data is really best to compare one neighborhood to another. I.e. compare to other close-in neighborhoods on my previous post.
Also, statistical data is always a little shaky when there are few sales. The numbers for Houston Heights and Woodland Heights are good because a lot of homes sold. Under 20 sales though, the results are a little shaky. So, just use it to help get an overview.
**Note on Woodland Heights: I combined sales for Woodland Heights, Woodland Terrace, Woodson Place. It made no sense to separate these.
If you don’t know where these neighborhoods are, click on the Interactive Map in right column.
For more info, click on Neighborhood Pages on menu bar.
Here are some recent posts I have written on a few neighborhoods: