Oak Estates Houston Real Estate Trends
Oak Estates is a peaceful Inner Loop neighborhood recently ranked as the 4th most expensive Houston neighborhood.
The neighborhood has great access to major job districts and the best shopping and recreational sites in Houston.
Homes in the area are great alternatives to home buyers who wish to enjoy living within the River Oaks vicinity. The standard Oak Estates home cost about half of homes for sale in River Oaks.
The spacious lots makes it attractive for new constructions. However, with the constant low inventory, finding an Oak Estates home can be challenging for buyers.
Oak Estates homes for sale tend to sell fast because of its very low inventory. Since 2004, the most number of homes sold in a year was 10.
The real estate trends data below show intriguing numbers. However, due to the limited activity, buyers are advised to consult competent Oak Estates realtors to get a good market assessment of the area.
For questions, advice, Oak Estates 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.
Oak Estates Houston Resources:
For an updated and customized Oak Estates real estate pricing or trend analysis, please contact Paige Martin at [email protected].com.
5 Intriguing Oak Estates Real Estate Market Trends
1. Home values have greatly increased in the past decade.
The median sales price of Oak Estates homes have increased by 155% in the past 10 years. This is partly due to the many new constructions in the neighborhood which often comes with handcrafted details and luxury fixtures.
2. Land value have strongly appreciated in the past 5 years.
Oak Estates homes land value have increased by 25% in the last 5 years. The demand for Inner Loop properties have increased during this period, pushing real estate appreciation to soaring numbers.
3. The median sales price increased by an impressive 108% in the past year.
While this is not clear benchmark of the neighborhood’s real estate market due to its low sampling, it’s still worthwhile to note that the median sales price increased from $767,500 in 2012 to $1,593,812 the following year.
4. The average price per square foot tends to fluctuate.
The average price per square foot increased by 10% in the past 5 years, but decreased by 1% last year. This again is not a clear indication on the health of Oak Estates real estate market due to the limited number of homes that go into the market.
This decrease can be attributed to the number of older homes that were sold in the past year, compared to the number of new constructions that were sold in the previous years.
5. The number of homes sold are very limited.
Oak Estates real estate market is primarily a seller’s market. Listings can go out of the market in as little as 2 weeks. Yet it’s worth noting that the number of homes sold per year generally go between 8 to 10.
Oak Estates 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 Oak Estates 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 Oak Estates.
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.
