4 Key Braes Heights Houston Real Estate Trends
Braes Heights real estate has one of the best appreciation rates in the Inner Loop.
With increasing demand and continued growth in the neighborhood, the median sales price of Braes Heights homes have more than doubled in the past decade.
Comprised of mostly single-family homes, Braes Heights boasts of a quiet suburban charm with mature oaks lining its streets.
Braes Heights homes for sale are also highly accessible to and from key Houston neighborhoods. The neighborhood’s central location near schools, retail and entertainment hubs, job centers, parks, and main roads also add to its overall value.
Below are 4 key Braes Heights real estate trends every homebuyer should know.
For questions, advice, Braes Heights Houston real estate recommendations, or off-market MLS listings, contact Paige Martin, head of the Houston Properties Team and rated as the best Keller Williams Memorial realtor the last four years.
Braes Heights Houston Resources:
- All Braes Heights Homes For Sale
- Most Expensive Braes Heights Homes For Sale
- Braes Heights Homes For Sale Under $1,000,000
- Braes Heights Homes For Sale Under $500,000
- Houston Neighborhood Guide
For an updated and customized Braes Heights real estate pricing or trend analysis, please contact Paige Martin at Paige@HoustonProperties.com.
4 Astounding Braes Heights Real Estate Market Trends
1. Home values in Braes Heights have increased by an astounding 129% in the past 10 years.
From $329,000 in 2005, the median sales price for Braes Heights homes increased to $754,250 in 2014. This increase can be seen across the board, in both average price per square foot and lot price per square foot. A Braes Heights home would sell for an average of $170 per square foot in 2005. By 2014, this number has increased to $272, a 60% positive change.
2. Land values also posted an impressive 103% increase.
During the same period, land prices in Braes Heights appreciated from $33 to $67 per square foot.
3. Braes Heights home prices tend to fluctuate.
In the last 10 years, the Braes Heights real estate experienced fluctuations, though this does not indicate an unsteady market.
Old homes that are sold as lots/as is tend to pull the median down, as they generally sell for lower prices. New construction, on the other hand, typically have higher asking prices.
4. Braes Heights homes posted a strong 5-year appreciation rate.
Braes Heights real estate posted a 56% positive change over a 5-year period. This increase can be noted across the board, with average price per square foot increasing by 35% and land values increasing by 60%.
Braes Heights Houston Realtor – Paige Martin
As featured on Fox News in the Morning, the Houston Business Journal, Houston Chronicle, and Houston Magazine, Paige Martin – a consistent Top Producing Broker-Associate and head of the Houston Properties Team – is ranked amongst the very top Keller Williams agents in the Houston area.
Paige is ranked as one of the top realtors in Braes Heights Houston, and the state of Texas. Read more about the over 65 awards she’s won in the last few years.
Paige works with a tremendous number of buyers and sellers in Braes Heights.
For a specific recommendation of neighborhoods, homes or properties based upon your personal style, goals & price point, please contact Paige Martin, head of the Houston Properties Team & Broker Associate at Paige@HoustonProperties.com or 713-384-5177.