4 Montrose Real Estate Trends | Montrose Houston Market

4 Intriguing Montrose Real Estate Trends

Montrose Houston map

Montrose real estate have been appreciating since the property boom in the 1990s. Property prices over the past decade have increased by an impressive 84%. Price per square foot have also increased during the said period, appreciating by 50%.

Montrose is one of Houston’s cultural centers, as well as 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.

For questions, advice, Montrose 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.

Montrose Houston Resources:

 

For an updated and customized Montrose real estate pricing or trend analysis, please contact Paige Martin at [email protected].

 

Montrose Real Estate Appreciation Trends

 

4 Interesting Montrose Real Estate Market Trends

montrose homes1. Montrose real estate have appreciated steadily the last 10 years.

Montrose real estate median sales price is at $581,709 in 2014 – an 84% increase from $315,800 in 2005. Prices show promising increase in the long run as median sales price has increased by 41% over the last 5 years and 17% in the past year alone.

2. Average price per square foot has increased by 50% since 2005.

Montrose homes for sale were at $167 per square foot in 2005. In 2014, that number has increased to $251, marking a 50% 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 and restored mansions that date back to the 1920s.

4. Inventories are tight.

The number of homes sold in Montrose dipped from 2013 through 2014 (from 264 to 189). Some homes spend an average of 12 days – less than a month – on the listings, while others don’t get listed at all.

Homebuyers will need the assistance of the best Montrose Houston realtor for advice and updated information.

 

Montrose 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 Montrose 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 Montrose.

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.

Find Your Perfect Home

 

Get More Details

Paige Martin

Our Recent Awards

Why We’re Different

  • #1 Keller Williams Realtor in Houston
  • #1 Keller Williams Realtor in Texas
  • #5 Keller Williams Realtor in the U.S.
  • "One of Houston's Top 25 Realtors," Houston
    Business Journal
  • "One of America's Best Realtors," RealTrends.com / WSJ
  • Over $500 Million in Houston residential home sales
  • We know this market, and this property.
  • We're candid.
  • We'll tell you the "bad' and the "ugly" about any property we show you.
  • Most often, we talk our clients into NOT BUYING.
- Gretchen & Brad Richter- Gretchen & Brad Richter
“We relocated to Texas from out of state 3 years ago, and Paige’s intimate knowledge of Houston neighborhoods, valuations, trends, and pitfalls was simply unmatched. We would never have been able to find our perfect home without her. She was calm and focused when everything seemed most challenging — a true professional and advocate who has become a dear friend. We are grateful to have met her!

Read More

- Peter McGillivray & Jillian Jopling- Peter McGillivray & Jillian Jopling
“Paige demonstrated all qualities you want in a realtor – knowledgeable, attentive, responsive, patient. She put us into our first dream home, and due to that experience, we’ve returned to her time and again for our other real estate needs. You will quickly realize after working with Paige that while she focuses on completing your deal, her endgame is to ensure her clients’ needs are preserved and satisfied.

Read More

- Gail & Ian Mackey- Gail & Ian Mackey
“As first time buyers in the US, we are delighted to have worked with Paige. She is a delight to work with, and I would recommend anyone to enlist her help if you’re looking to either buy or sell a property.

Read More

- Dr. Jen Shroff- Dr. Jen Shroff
“Paige is simply the best. She was patient with us throughout the process and took time to answer all of our questions! She knows so much about the housing market so we felt very confident that we were in great hands!

Read More

- Travis LeConey- Travis LeConey
“Paige has helped my wife and I twice now. I couldn’t think of a better person to have in your corner when buying or selling! She guided us through the process, and made it seem so easy that selling/buying was fun! Paige is a great person, very responsive, and great at what she does. I recommend Paige to all my friends and co-workers. If you are buying or selling in the area Paige covers, give her a call. You won’t regret it!

Read More

- Xavier Refunjol- Xavier Refunjol
“Paige is dedicated, thorough and caring to where you feel you’re their only client. Their best asset is their honesty, based on experience and data. We had a great time buying our first home largely because of them. We would not hesitate to recommend them to anyone.

Read More

- Taylor Lamb- Taylor Lamb
“Paige was wonderful to work with. She was thorough, knowledgeable and patient. I would highly recommend Paige to anyone looking to buy or sell a home.”

Read More

- Jeremy & Lynn Greene- Jeremy & Lynn Greene
“Paige Martin is the best Realtor. She is highly experienced and very knowledgeable. She made our buying experience an enjoyable one, not only for us, but for our daughter, son-in-law and several of our friends. We have bought and sold many houses, and Paige has been the best realtor we have ever worked with. We highly recommend her.

Read More

- Dr. Forrest Roth, MD- Dr. Forrest Roth, MD
“Paige is the best of the best when it comes to real estate! She has bought & sold many properties for us & we couldn't recommend her more highly!

Read More

- Tina Spiller, Chevron- Tina Spiller, Chevron
“I really enjoyed working with Paige on the sale of my townhome. The HAR listing was perfect and went up quickly and the sale was closed within 30 days. I definitely recommend Paige for any real estate transaction.

Read More

Read 100+ Testimonials: LinkedIn for the Best Houston Realtor

What We Can Do For You

CANDID ADVICE

Our promise is to always give you the most candid advice on any property, to help you make the best decision for your family.

EXPERTISE

Having sold over $500M of Houston homes, we've seen the good, bad & ugly and can help you avoid problems.

GREAT DATA

We built a proprietary data analytics package to help give you the best information on any neighborhood, building or home.

NETWORK OF EXPERTS

Built over fifteen years, our network of experts can help you through each step of the process plus help making living in your new home more enjoyable.

Latest Houston Real Estate Stories

Read more Houston real estate updates

Back to Top