4 Key Briargrove Real Estate Trends
Briargrove real estate have shown impressive growth over the past decade, with its median sales price posting a 75% increase from 2005 to 2014.
Average price per square foot has increased by over half as well.
Like the Galleria/Uptown area, Briargrove is one of Houston’s most desirable neighborhoods. The community’s central location and quiet, neighborly vibe are just a few of the reasons why Briargrove homes are very popular among professionals and families alike.
Briargrove homes for sale are in very high demand, as evidenced by inventories in the area. Homes put in the market have markedly decreased over the same 10-year period.
Below are 4 key Briargrove real estate trends every homebuyer should know.
For questions, advice, Briargrove 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.
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For an updated and customized Briargrove real estate pricing or trend analysis, please contact Paige Martin at Paige@HoustonProperties.com.
4 Interesting Briargrove Real Estate Market Trends
1. Briargrove real estate have greatly appreciated in the last 10 years.
In 2005, the median sales price of Briargrove homes was at $440,875. This has increased to $771,700 by 2014. This growth can be attributed to a number of factors, including low inventory and high demand in the neighborhood.
2. Price per square foot of Briargrove homes for sale have increased by 53%.
A typical Briagrove home will sell for an average of $179 per square foot in 2005. A 53% 10-year change has seen this number increase to $274 in 2014. Between 2013 to 2014 alone, the average price per square has increased by 12%.
3. Briargrove home prices are on a steady climb despite slight fluctuations.
Briargrove home prices tend to fluctuate, though only slightly. Despite these fluctuations however, prices are still steadily increasing in the area.
4. Inventories are tight.
The average Briargrove homes sold per year has decreased by 43% over the last 10 years. A number of factors can explain this, including homeowners opting to stay and hold on to their properties.
Briargrove 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 Briargrove 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 Briargrove.
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.