Houston Homes Prices Continue Rise Despite National Housing Crisis

In an effort to provide a more in-depth look into the housing market in Houston, the 2011 Houston Real Estate Investing Trends report analyzed over 17,000 single family home sales in the Central Houston area since 2002.

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Highlights of the report includes:

1. Houston Association of Realtors (HAR) reported that 2010 was one of the best years for Houstont real estate, ever.
2. Local real estate markets are closely tied to the region’s economy and job growth.  Houston’s economy has been recognized for continued expansion:
• #1 Job Growth (source US Bureau of Labor Statistics)
• #1 Lowest Cost of Living among 24 MSAs with population greater than 2M (source ACCRA Cost of Living Index)

3. Specifically, within the 610 Loop & the Memorial area of Houston, neighborhoods with the highest appreciation include:
• From 2002 – 2010
• Rice Military (71% appreciation)
• Braeswood (70% appreciation)
• Midtown Houston (70% appreciation)
• College Court (65% appreciation)
• The average single family home price in the seventeen areas that were reviewed grew 47%.

• From 2007 – 2010
• Midtown Houston (36% appreciation)
• Montrose (16% appreciation)
• Timbergrove (16% appreciation)
• The average single family home price in the seventeen areas that were reviewed grew 3%.