Glen Cove Houston Real Estate Trends
Glen Cove is an exclusive neighborhood that offers some of the largest lots and most stringent deed restrictions in the Inner Loop, along with the scenic views of the Buffalo Bayou.
Glen Cove is 10th most expensive Houston neighborhood. The neighborhood marked a 237% increase in median sales price for the last 10 years.
Spanning just under 120 acres, Glen Cove Houston is composed of 3 subdivisions. Each of these subdivisions implement its own set of deed restrictions, making it confusing for most homebuyers.
Like other smaller neighborhoods with limited inventories in Houston, Glen Cove real estate market trends are difficult to understand based on statistics alone. To get a better understanding of the market’s health, it is important to look at past individual sales.
For questions, advice, Glen Cove 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.
Here are 5 key Glen Cove real estate market trends.
Glen Cove Houston Resources:
For an updated and customized Glen Cove real estate pricing or trend analysis, please contact Paige Martin at [email protected].
5 Intriguing Glen Cove Real Estate Market Trends
1. The median sales price have fluctuated in the past decade.
The fluctuating prices are mainly due to the variety of Glen Cove homes for sale. Older homes tend to sell for less while those that have been newly constructed can fetch prices to as high as over $4 million.
2. Glen Cove’s property prices maintain healthy real estate appreciation.
Despite the fluctuating median sales prices, the neighborhood exhibits a strong trend towards appreciation. In the last 5 years, it has increased by 132% from $626,250 in 2009 to $1,450,000 in 2013.
3. Glen Cove’s home values have likewise fluctuated.
The average price per square foot of Glen Cove homes have also fluctuated in the past decade. It increased by 30% from $232 in 2004 to $301 in 2006. It decreased the following year to $288, and again increased to $312 in 2008. Between 2009 and 2013, the average price per square foot increased by 12% from $311 to $349.
4. The 50% increase in the average price per square foot is indicative of Glen Cove’s rising property values.
The average price per square foot of Glen Cove homes for sale have increased by 50% in the last decade. This mirrors Glen Cove’s rising property values as more homes get torn down and rebuilt into mansion-type homes.
5. Glen Cove homes’ land value continues to increase.
Land values of Glen Cove homes have increased by 90% in the last 5 years due to the demand of newer homes. The neighborhood’s roomy lots make it very attractive for new constructions.
Glen Cove 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 Glen Cove 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 Glen Cove.
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 [email protected] or 713-384-5177.
