5 Interesting Energy Corridor Real Estate Trends
Located along a stretch of Katy Freeway between Beltway 8 and Grand Parkway, the Energy Corridor is a 1,700-acre district in West Houston.
The district’s reputation as a major employment center coincides with its status as one of Houston’s hottest real estate markets. Energy Corridor homes for sale also have some of the most competitive prices in the area.
Property prices have been on a steady rise, with median sales price increasing by 52% over the past 10 years. Home sales are decreasing, however, driving price per square foot to its highest ever.
For questions, advice, Energy Corridor TX 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.
Energy Corridor Houston Resources:
- Energy Corridor Neighborhood Guide
- Energy Corridor Homes For Sale
- Energy Corridor Townhomes For Sale
- Houston Neighborhoods Guide
For an updated and customized Energy Corridor real estate pricing or trend analysis, please contact Paige Martin at Paige@HoustonProperties.com.
5 Interesting Energy Corridor Real Estate Market Trends
1. Property values are on a steady 10-year rise.
Energy Corridor homes marked a 52% increase in median sales price, from $207,312 in 2005 to $315,500 in 2014. Apart from slight fluctuations, property values in the district remain strong.
2. Median sales price jumped 13% in the past year.
From $278,000 in 2013, the Energy Corridor median sales price increased to $315,500 in 2014. This illustrates the market’s overall strength.
3. Energy Corridor homes for sales show very slight fluctuation.
The Energy Corridor’s wide range of homes for sale vary in size, types, and prices. Despite slight fluctuations in 2007 to 2012, property values have maintained a steady increase.
4. Price per square foot is at an all time high.
In the past decade, price per square foot in the Energy Corridor has increased by 44%, from $96 in 2005 to $138 in 2014.
5. Property inventories are shrinking.
Despite the surge of new construction homes in the area, the Energy Corridor inventory has become one of the tightest in Houston. The number of homes sold over the past 10 years has decreased by 22%.
Energy Corridor 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 Energy Corridor 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 the Energy Corridor.
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.