4 Intriguing Montrose Real Estate Trends
See Montrose real estate, home sales, and investment data. The article covers neighborhood analysis and review of homes for sale.
Montrose real estate has been appreciating since the property boom. Property prices over the past decade have increased by 35%. Price per square foot has also increased during the said period. It is appreciated by 23%.
Montrose is one of Houston’s cultural centers. It is also one of the most accessible neighborhoods in the city. Its central location affords its residents easy access to job centers, commercial establishments, and retail hubs.
New development in the area includes upscale townhomes and luxury condos. Montrose also has single-family patio homes and bungalows.
The following are 4 Key Montrose Houston real estate trends that may help homebuyers understand this challenging market.
“Paige and The Houston Properties Team helped our family buy and sell five different homes. She’s the best realtor in Houston because she’s extremely knowledgeable and very candid. On the buyer side, she will absolutely tell you what’s wrong with a property and give you all of the reasons not to buy it. She has the best marketing of anyone we’ve ever seen and she knows everything about the best neighborhoods in Houston. She is THE BEST Houston Realtor!” – Scott & Debi Gordon
Table of Contents
- 4 Interesting Montrose Real Estate Market Trends
- Montrose and Houston TX Resources
- The Best Houston Realtor to Sell Your Home
4 Interesting Montrose Real Estate Market Trends
For questions, advice, Montrose Houston real estate recommendations, or off-market MLS listings, contact Paige Martin at [email protected]. She is the head of the Houston Properties Team and rated as the best Keller Williams Memorial realtor for the last four years.
1. Montrose real estate has appreciated steadily over the last 10 years.
Montrose real estate's median sales price is at $701,000 – a 35% increase from $517,500. Prices show a promising increase in the long run. The median sales price has increased by 5% over the last 5 years and 3% in the past year alone.
2. The average price per square foot has increased by 23% over the past decade.
Montrose homes for sale were at $215 per square foot. That number has increased to $263, marking a 23% increase.
Land value is a good indication of strengthening real estate.
3. Real estate sales in Montrose remain strong across the board.
Montrose’s diverse home types include single-family, townhomes, and condos. All property types have strong sales.
A number of factors determine home values in Montrose, including size, age, and location. Older single-family homes tend to sell for lower prices compared to new construction luxury townhomes. They are also lower compared to restored mansions that date back to the 1920s.
4. Inventories are tight.
The number of homes sold in Montrose dipped from the past year. Some homes spend an average of 99 days on the listings. Others don’t even get listed at all.
Homebuyers will need the assistance of the best Montrose Houston realtor for advice and updated information.
Montrose and Houston TX Resources
"Lisa Iglesias and The Houston Properties Team were all perfect. They are smart and so knowledgeable. The analysis and detail they created for all the homes/neighborhoods we toured were very helpful. We could not love our home/ neighborhood more." - Karen Trenary (HAR review)
The Best Houston Realtor to Sell Your Home
The Houston Properties Team has a well-defined structure based on the individual strengths of each member. Each member is a specialist in their role – which is why our homes sell faster and for more money than average.
Paige Martin, Broker Associate with Keller Williams Realty, and the Houston Properties Team are ranked among the top residential Realtors in the world.
They have been featured on TV and in dozens of publications including The Wall Street Journal, Fortune Magazine, Reuters, Fox News in the Morning, Money Magazine, Houston Business Journal, Houstonia, and Houston Chronicle.
Paige Martin was just ranked as the #5 agent in the world with Keller Williams, completing over $1 Billion in Houston residential real estate sales.
Recent awards include:
– 2022: #1 Residential Real Estate Team by Sales Volume, Houston Business Journal
– 2021: Best Real Estate Teams in America, RealTrends.com
– 2021: Top 100 Women Leaders in Real Estate of 2021
– 2021: America’s Top 100 Real Estate Agents
– 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal
– 2021: Best Houston Real Estate Team, Best of Reader’s Choice
– 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal
– 2021: #1 Real Estate Team, Keller Williams Memorial
– 2020: America’s Best Real Estate Teams, Best of America Trends
– 2020: Best Houston Real Estate Team, Best of Reader’s Choice
– 2020: Top Real Estate Team (Houston Properties Team), Houston Business Journal
– 2020: #6 Individual Agent, Keller Williams, Worldwide
– 2020: #1 Individual Agent, Keller Williams, Texas (Top Keller Williams Realtor)
– 2020: #1 Real Estate Team, Keller Williams Memorial
- 2019: Top Residential Realtors in Houston, Houston Business Journal
- 2019: America’s Best Real Estate Agents, RealTrends.com
- 2019: #5 Individual Agent, KW Worldwide
- 2019: #1 Individual Agent, KW Texas
- 2018: #5 Individual Agent, Keller Williams, Worldwide
- 2018: #1 Individual Agent, Keller Williams, Texas
- 2018: #1 Individual Agent, Keller Williams, Houston
- 2018: America’s Best Real Estate Agents, RealTrends.com
- 2018: Top 25 Residential Realtors in Houston, Houston Business Journal
- 2018: Texas’ Most Influential Realtors
- 2017: #1 Individual Agent, Keller Williams, Texas
- 2017: #1 Individual Agent, Keller Williams, Houston
- 2017: #10 Individual Agent, Keller Williams, Worldwide
- 2017: America’s Best Real Estate Agents, RealTrends.com
- 2017: Top 25 Residential Realtors in Houston, Houston Business Journal
- 2017: Texas’ Most Influential Realtors
- 2016: #1 Individual Agent, Keller Williams, Texas
- 2016: #1 Individual Agent, Keller Williams, Houston
- 2016: #20 Individual Agent, Keller Williams, Worldwide
- 2016: Texas’ Most Influential Realtors
- 2016: Top 25 Residential Realtors in Houston, HBJ
- 2016: Five Star Realtor, Featured in Texas Monthly
- 2016: America’s Best Real Estate Agents, RealTrends.com
- 2015: #9 Individual Agent, Keller Williams, United States
- 2015: #1 Individual Agent, Keller Williams, Texas
- 2015: #1 Individual Agent, Keller Williams, Houston
- 2015: America’s Best Real Estate Agents, RealTrends.com
- 2015: Top 25 Residential Realtors in Houston, HBJ
- 2015: Five Star Realtor, Texas Monthly Magazine
- 2014: America’s Best Real Estate Agents, RealTrends.com
- 2014: #1 Individual Agent, Keller Williams Memorial
...in addition to over 318 additional awards.
Paige also serves a variety of non-profits, and civic and community boards. She was appointed by the mayor of Houston to be on the downtown TIRZ board.
Benefits Of Working With The Houston Properties Team
Our team, composed of distinguished and competent Houston luxury realtors, has a well-defined structure based on the individual strengths of each member.
We find the team approach as the most effective way to sell homes. We have dedicated people doing staging, marketing, social media, open houses, and showings. Each Houston Properties Team member is a specialist in their role—which is why our homes sell faster and for more money than average.
The benefits of working with a team include:
- the ability to be in two or three places at one time; a member can handle showings, while another answer calls
- collective time and experience of members
- targeted advice and marketing of agent expert in your area
- competitive advantage by simply having more resources, more ideas, and more perspectives
- a “checks and balances” system; selling and buying a home in Houston is an intensely complex process
- more people addressing field calls and questions from buyers and agents to facilitate a faster, successful sale
- efficient multi-tasking; one agent takes care of inspections and repair work, while another agent focuses on administrative details
- multiple marketing channels using members’ networks
- constant attention: guaranteed focus on your home and your transaction
- lower risk for mistakes. Multiple moving parts increase oversights. A team approach handles these “parts” separately
- flexibility in negotiation and marketing
- better management of document flow
- increased foot traffic through more timely and effective showing schedule coordination; and
- increased sphere of influence and exposure to more potential buyers.
To meet all the award-winning members of the Houston Properties Team, please go here.
Best Houston Real Estate Resources
- An Ultimate Guide to the Best Active 55+ Communities in Houston
- How To Avoid Buying In Houston's Flooded Zones
- Houston Neighborhoods | Houston Map, Real Estate, Homes
- Fort Bend Southeast Homes For Sale & Real Estate Trends
- South Houston Housing Market | Real Estate Trends & Forecast
